CSNS Cancels 81st Anniversary Convention

Notice to 81st Anniversary Convention booth holders, sponsors, and attendees,

The Central States Numismatic Society has canceled its April 22-25, 2020 convention because of the coronavirus outbreak. “Our focus is the safety and health of our booth holders, exhibitors, collectors and the general public. Therefore, in accordance with recommendations from health officials to cease activities where people gather together in large and close groups, we are canceling our convention,” CSNS President Mitch Ernst said.

The official CSNS convention auctions held by Heritage Auctions will still be held on the dates scheduled. However, the location has changed from the Renaissance Schaumburg Convention Center in suburban Chicago to Heritage’s headquarters in Dallas, TX, instead. For more information on these auctions, please visit the Heritage website – www.ha.com.

CSNS understands the logistical challenges facing those who had made plans to attend the convention and will be reaching out to booth holders and exhibitors in the coming days to discuss options. Hotel reservation questions should be directed to the Renaissance Schaumburg Hotel at 847-303-4100.

“We thank our many friends in the numismatic community, including educational exhibitors, numismatic professionals and collectors for their past support of our conventions and look forward to seeing them at our 82nd Anniversary Convention next year in Schaumburg,” Convention Chairman Kevin Foley said.

Our booth holders will have their choice of a refund of bourse fees paid, or the option of carrying those paid fees forward to our 2021 convention, April 21-24 2021. Those who select the option of carrying their paid fees forward will retain their already assigned booth location for the now cancelled 2020 event for 2021. Your choice should be communicated to Convention Chairman Kevin Foley.

Will will be working closely with our headquarters hotel, the Schaumburg Renaissance, to find the most efficient method of cancelling hotel reservations and refund of any deposits that may have been paid for reservations made under our room block. Once those consulations have concluded, we will be in further touch. Questions should be sent to our Convention Chairman, Kevin Foley, at kevinsfoley.kf@gmail.com or (414) 807-0116.

New 2021 OFFICIAL RED BOOK Will Debut April 7

(Pelham, AL) — The 74th edition of the coin-collecting hobby’s annual Guide Book of United States Coins (popularly known as the “Red Book”) will debut April 7, 2020. The new volume includes completely updated pricing and auction data reflecting the current market for collectible U.S. coins, along with historical information and guidance on how to build a valuable collection. The Red Book can be pre-ordered online (including at Whitman.com) in several formats, and after April 7 will be available from booksellers and hobby shops nationwide.

Coin collectors have used the Red Book to value their collections since the 1st edition was published in 1946. Senior Editor Jeff Garrett attributes the book’s strength to its network of experts. “Whitman relies on a system of more than a hundred professional coin dealers, researchers, and other specialists from around the country,” Garrett said. “Their expertise covers every segment of American coinage—not just in accurate real-world pricing, but also in the latest discoveries in numismatic scholarship.”

Research Editor Q. David Bowers said, “The Red Book is the one reference I keep handy when buying, selling, or writing about coins. Every year it becomes more valuable for hobbyists and researchers. The 2021 edition is the best yet.”

Editor Emeritus Kenneth Bressett noted, “There have been ups and downs in the market over the past twelve months. Studying the Red Book gives smart collectors an understanding of the trends across all U.S. coin series.”

The 74th-edition Red Book is 464 pages long and prices nearly 8,000 entries in up to 9 grades each, with more than 32,000 retail valuations in total. Its panel of retail-pricing contributors includes more than 100 active coin dealers and market analysts with decades of experience.

The book covers United States coins from 1792 to date, from half cents to $20 gold double eagles, commemoratives, and bullion, plus earlier coins and tokens that circulated in colonial times. The latest coins from the United States Mint—Lincoln cents, Jefferson nickels, Roosevelt dimes, America the Beautiful quarters, Kennedy half dollars, Native American dollars, American Innovation dollars, commemorative coins, bullion coins, and government-packaged coin sets—are kept up to date. The book also includes error coins, Civil War tokens, Confederate coins, Philippine coins struck under U.S. sovereignty, private and territorial gold pieces, pattern coins, Hawaiian and Puerto Rican coinage, Alaska tokens, So-Called Dollars, special modern gold coins, and other specialized topics.

These are illustrated by 2,000 photographs, including enlarged close-ups of rare and valuable die varieties.

Inside the 74th edition Red Book:

New commemorative coins. The 74th-edition Red Book features coins from the Mint’s new 2020 commemorative programs. The Naismith Memorial Basketball Hall of Fame program includes half dollars, silver dollars, and five-dollar gold coins. The Women’s Suffrage Centennial program calls for a commemorative silver dollar.

Other new U.S. Mint coins and sets. The 74th edition includes 119 new Mint products added since the 73rd edition. Mintages have been updated across the board using the latest numismatic research and government-supplied data. Collectors will also find complete coverage of the full range of American Eagle and other popular bullion coins and sets (in silver, gold, platinum, and palladium), with mintages and values for each.

A study of foreign coins that circulated in America. The 74th edition continues a section that debuted with the 70th: an overview of foreign coins that circulated as legal tender in the British American colonies and in the United States until the late 1850s. This section includes photographs, history, and pricing for collectible Spanish-American, Dutch, French, and English coins dating from the 1550s to the 1820s.

Recent research and the latest Mint data. Updates based on recent scholarship can be found in sections including pre-federal coins and tokens, Heraldic Eagle Bust dollars, and California fractional gold. Modern-coin updates include new information on the 2019 and 2020 West Point cents and nickels; the Mint’s change from .900 fine to .999 fine silver; the American Innovation dollar program; American Palladium Eagles; the new George H.W. Bush Presidential dollar; and updates to all ongoing Mint programs.

Auction records. As in past years, collectors benefit from the Red Book’s recent auction records provided for significant rare coins. Typeset throughout the charts are nearly 200 notable auction results. Combined with the listed retail prices, the auction data help advanced collectors understand the modern market for high-priced rarities. In addition, the appendix of the “Top 250 U.S. Coin Prices Realized at Auction” has been fully updated. More than 100 auction sales were higher than $1 million each. The coin at #250, an 1880 Coiled Hair $4 gold Stella, sold for $618,125, which is more than $14,000 higher than last year’s coin in that ranking.

A bibliography for further research. In a positive measure of the health of the hobby and ongoing numismatic research, the Red Book’s newly revised and updated bibliography includes more than two dozen standard references published over the past five years.

The cover of the spiral-bound 74th edition shows a mix of old and modern American coins: an 1898 Barber half dollar; a 1787 Immunis Columbia copper (bearing the words E PLURIBUS UNUM); and a 1986 Statue of Liberty commemorative half dollar, with sculptor John Mercanti’s “A Nation of Immigrants” design.

All versions and formats (hardcover; spiralbound hardcover; spiralbound softcover; and Large Print) of the 74th-edition Red Book will be available online, and at bookstores and hobby shops nationwide.

#   #   #
A Guide Book of United States Coins, 74th edition
464 pages
Full color
By R.S. Yeoman; senior editor Jeff Garrett; research editor Q. David Bowers;
     editor emeritus Kenneth Bressett.
  $15.95 convenient lay-flat spiralbound
  $17.95 classic red hardcover
  $19.95 spiralbound hardcover
  $29.95 Large Print Edition
  $49.95 expanded Deluxe Edition (Mega Red) (1,504 pages)

United States Mint Temporarily Closing Public Tours, Gift Shops, and Coin Store

WASHINGTON – The United States Mint (Mint) is temporarily closing public tours of its facilities in Philadelphia and Denver beginning Monday, March 16. The Denver and Philadelphia Mint gift shops and the Washington, DC coin store will also be temporarily closed. This action is being taken to reduce the risk of Mint employees’ exposure to Coronavirus (COVID-19).

According to Mint Director David J. Ryder, “the health and safety of the Mint workforce is my highest priority. Many Mint employees interact with visitors from throughout the country and the world as tours are conducted. Public health officials are still learning about how COVID-19 spreads, so out of an abundance of caution, I have decided it is prudent to close our tours, gift shops and coin store. I understand this is an inconvenience to people who were looking forward to seeing how we mint our nation’s coins and medals, but my employees and their well-being are my greatest concern. We intend for this to be a temporary rather than a permanent closure. The Mint will continue to fulfill its mission of protecting our nation’s strategic assets and producing trusted currency, while also taking appropriate precautions given current public health risks.”

Ryder went on to state that no Mint employees have tested positive for COVID -19.

The Mint will announce the resumption of public tours as well as its gift shops and coin store through a press release and via social media.

ADDITIONAL RESOURCES:

Maryland State of Emergency Forces Whitman Coin & Collectibles Expo to Cancel Bourse

Stack’s Bowers Galleries Auction to Be Held as Scheduled in California

(Baltimore, Maryland) — On Thursday, March 12, under a state of emergency declared by Maryland Governor Larry Hogan, the Baltimore Convention Center suspended operations and activities in response to the COVID-19 coronavirus pandemic. The Whitman Coin & Collectibles Expo, previously scheduled for March 19–21 at the Convention Center, will be closed for all bourse activities including dealer buying and selling, educational programs, and club meetings. The auction of Stack’s Bowers Galleries, the official auction company of the Whitman Coin & Collectibles Expo, will be held on the previously announced dates. Stack’s Bowers Galleries will provide auction location information and other details on their web site, www.stacksbowers.com, in the near future.

Governor Hogan announced the highest activation level of the Maryland Emergency Management Agency at 4:15 p.m. Thursday. Containment strategies include restricting public access to state buildings, and prohibiting “any social, community, religious, recreational, or sports gatherings or events of more than 250 people in close proximity at all locations and venues across the state. All planned large gatherings and events must be canceled or postponed.”

Management and staff of the Whitman Coin & Collectibles Expo express their deepest concerns for everyone affected by the COVID-19 coronavirus pandemic. “Our highest priority is the safety and health of our dealers, collectors, and the general public,” said Expo manager Lori Kraft. “We also understand the challenges for dealers and collectors who were looking forward to the show. All Whitman Expo booth holders will be contacted by Whitman staff over the next seven business days to discuss in further detail.”

Kraft continued, “We look forward to welcoming everyone back to an upcoming Whitman Expo, for our usual bourse activities, including educational programs, Kids Korner activities, and coin-club meetings.”

Updates and news regarding the Whitman Baltimore Expo will be posted at expo.whitman.com.

For updates on COVID-19 in Maryland and elsewhere, visit www.cdc.gov/coronavirus/2019-ncov.

Bullion and Coin Sales-Tax Exemption Successfully Defended Again in Maryland

Repeal attempt fails in committee after opposition by Whitman Expos, ICTA, Visit Baltimore

The Maryland House of Delegates’ Ways and Means Committee stopped a proposed repeal to the state sales tax exemption for certain coin and bullion sales on Wednesday, March 11, 2020. The committee’s Unfavorable Report on House Bill (HB) 1284 came after opposition from Whitman Coin & Collectibles Expo, the Industry Council for Tangible Assets, and Visit Baltimore.

HB1284 was introduced in the House of Delegates, one of the two chambers in Maryland’s General Assembly, on February 7 with its first reading in the Ways and Means Committee. The bill included changes to a number of tax exemptions, credits, and discounts, including inheritance taxes, economic development credits, and credits for certain industries.

For numismatists attending coin shows and auctions in Baltimore, the most important section of HB1284 was the proposed repeal of a sales tax exemption for any sale of precious-metals bullion or coins at a price of $1,000 or greater.

Repealing this sales exemption would cause significant damage to the businesses of coin dealers and auction firms.

A similar repeal has been attempted three other times in the General Assembly, most recently in the 2015 session with HB903. As in 2015, Whitman Coin & Collectibles Expo hired The Rasmussen Group, an Annapolis-based lobbying firm, to assist in voicing the opposition of the numismatic community and defeating the bill.

Patrick Heller, a member of the board of directors for the ICTA, a watchdog organization for the industry of coins, currency, and precious-metals bullion, wrote to the House Ways and Means Committee on March 5 to support keeping the exemption. He noted that similar exemptions for coin and precious-metals bullion sales in other states had increased tax revenue consistently by drawing coin shows and conventions to the states and thereby boosting hotel, restaurant, and other retail spending.

Baltimore’s official tourism organization, Visit Baltimore, also wrote to the committee in support of keeping the exemption. The three annual Whitman Coin & Collectibles Expos, all housed at the Baltimore Convention Center, create an estimated economic impact of $4.9 million annually.

Lori Kraft, general manager of Whitman Expos, stated that had HB1284 been successful, the bill’s passage would have prompted Whitman to move its expos to a venue in a different state.

With the Ways and Means Committee’s Unfavorable Report, coin dealers and auctioneers can continue business as usual at Whitman’s spring, summer, and winter expos in Baltimore. In addition to programs and sales at the Baltimore Convention Center, vendors and visitors at the show can also enjoy the restaurants, hotels, and entertainment located nearby in the city’s inner-harbor area.

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