Ed Rochette, Former President and Executive Director, Dies
Former ANA President and Executive Director Edward C. Rochette, 90, died on January 18 in Colorado Springs, Colorado, where he lived most of his life. He was born on February 17, 1927, in Worcester, Massachusetts, to Edward Rochette, a physician, and Lilia A. (Viau) Rochette, both of whom died before Ed Jr. reached adulthood.
Friends and family remember Rochette’s sparkling wit, creative spirit, astute mind, and strong ethical compass, which he relied upon to guide his life and family. He developed his love for numismatics as a youngster, when he regularly searched the cash drawer at his grandfather’s diner for collectible coins. He served as an electrician in the U.S. Navy during World War II, and attended Clark University in Worcester and Washington University in St. Louis, Missouri.
Rochette began his professional numismatic career as a cartoonist and editor for Numismatic News, printed in Iola, Wisconsin, by Krause Publications. Later, he served the company as executive editor. In 1966 Rochette left Iola to become editor of The Numismatist, the Association’s official journal. As editor, Ed had a front-row seat for the construction of the new ANA headquarters, which began on the Colorado College campus about the same time he (and later his family) moved to town. The March 1967 issue of The Numismatist was the first to roll off the presses under his leadership.
He sat in the editor’s chair until 1972, when he was tapped to serve as ANA executive vice president. The Association prospered in its new home, but within 13 years it began to experience growing pains. Rochette was at the helm when a drive was launched in 1980 to finance a second-story addition that would expand the museum, library and staff offices. He shepherded the construction, keeping an eye on the progress and making sure all went according to plan. On June 10, 1982, he was on hand to welcome guests and dignitaries to the official dedication.
Rochette retired as executive vice president in 1986, and in 1987 was elected to the ANA Board of Governors, going on to serve as vice president in 1989-91 and president in 1991-93. In the years that followed, ANA museum and library visitation increased markedly, and the facility was sorely in need of a facelift. In 1998, Rochette was called out of retirement to serve as ANA executive director, and in 2000 he spearheaded and oversaw a second headquarters renovation.
Rochette stepped down as executive director in July 2003. Thanks to a $500,000 contribution from an anonymous donor and his longtime friend, mentor and employer Chester Krause, the ANA Money Museum was renamed in his honor in 2005. Two years later, Rochette ran successfully for the ANA Board, serving a term as governor.
Rochette devoted his long career to sharing the many fascinating stories behind coins and medals. In 2006 he told COINage magazine, “I’ve never gone out and tried to corner a market or buy something because it was rare. I’d buy it because I could write a story about it.”
Rochette was a prolific and popular author, penning the monthly “Other Side of the Coin” column for The Numismatist for two decades. He wrote a weekly coin column that was nationally syndicated by the Los Angeles Times, and contributed a monthly column to COINage. He published books on three favorite topics: Medallic Portraits of John F. Kennedy (1966), Making Money: Rogues and Rascals Who Made Their Own (1986) and The Romance of Coin Collecting (1991).
In the late 1960s, Rochette collaborated with Lt. Col. Adna G. Wilde Jr., then ANA executive director, to introduce the week-long ANA Summer Seminar in Colorado Springs. He also was instrumental in developing a numismatic exhibit for the International Olympic Committee’s museum in Lausanne, Switzerland, and served as a numismatic consultant to the U.S. Olympic Committee and the U.S. Air Force Academy.
In 1987 he was general chairman of the 50th Anniversary Congress and Exhibition of the Fédération Internationale de la Médaille (FIDEM), a global organization of medallic artists. The event was hosted by the American Numismatic Association, marking the first time FIDEM had convened in the United States.
Collaborative and congenial, Rochette made friends easily and cultivated relationships that benefited the ANA. In 1977, he secured a bequest from ANA life member Kenneth Keith that remains a key financial asset, securing the Association’s future.
Rochette has received many ANA accolades, including the Medal of Merit (1972), Farran Zerbe Memorial Award for Distinguished Service (1987), Glenn Smedley Memorial Award (1993), Lifetime Achievement Award (1999), Burnett Anderson Memorial Award for Excellence in Numismatic Writing (2003, presented jointly by the ANA, American Numismatic Society and the Numismatic Literary Guild), and Numismatist of the Year (2003). He was the second recipient of the Numismatic Literary Guild’s prestigious Clemy Award (1969), and was named a Numismatic Ambassador by Numismatic News (1986). In 2000, he was inducted into the Numismatic Hall of Fame at the ANA’s Colorado Springs headquarters.
Says author and ANA Past President Q. David Bowers, “Next to the Association’s founder George F. Heath, no one has done more for the ANA than Ed Rochette.
Rochette is survived by his wife of 40 years, Mary Ann; three sons (Edward, Paul and Philip) by his first wife, Faye (who died in 1977); four stepchildren (Joseph, Michael, Paul and Susan); 14 grandchildren; and 7 great-grandchildren. Donations in his memory can be made to New Century Hospice, 6270 Lehman Dr., Suite 150, Colorado Springs, CO 80918.
The American Numismatic Association is a congressionally chartered, nonprofit educational
organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.
Video: Error Coin Worth Half Million Surfaces at FUN Coin Convention
Fred Weinberg is a consultant for several major grading service and is considered to be America’s leading expert on error coinage. He shows and tells the story of the 1851 $20 Liberty struck on a large cent planchet error and how it showed up at the Florida United Numismatists Convention in Tampa.
Direct Link: https://youtu.be/epLmtcwSlcM
PNG Dealers See $1,460+ Gold At Year’s End

Photo courtesy of Numismatic Guaranty Corporation, www.NGCcoin.com.
Members of the Guild’s Accredited Precious Metals Dealer program (www.APMDdealers.org) were asked if their estimates for precious metals prices at the end of 2018 now had changed since the year-end New York spot closing prices on December 29, 2017. Several respondents indicated they have increased their 2018 year-end projections for gold in the last few weeks because of such things as speculation about additional Federal Reserve interest hikes, potentially higher oil prices, higher inflation in the United States and Europe or a weaker U.S. dollar.
“A majority of the respondents, who are on the front lines of buying and selling physical precious metals coins and ingots with the public, have slightly revised their estimates upward. Of course, prices fluctuate during the year, but the average of their estimates now is for gold to be $1,461.33 an ounce at the end of 2018. Gold ended 2017 at $1,306.30, so a predicted close at $1,461.33 would be a $155.03 increase; 11.8 percent,” said PNG President Barry Stuppler.
Two of the 25 respondents thought gold would be a little lower than $1,400 by year’s end, and three thought it could be $1,500 or more.
Estimates on silver by the end of the year varied quite a bit, from a low of $16.25 to a predicted high of $30.70. The combined average estimate for the end of 2018 was $20.00. Silver closed in New York at $17.06 at the end of 2017.
Estimates for platinum by the end of 2018 ranged from a low of $1,000 to a high of $1,400, with the combined average estimate at $1,150.23. Platinum closed at $935 at the end of New York spot trading in 2017.
“Precious metals investors should consider cost averaging by making purchases over intervals of time, and always be mindful of the premiums being charged over the intrinsic value of the precious metal coins or ingots. You absolutely need to know your precious metals dealer,” advised Stuppler.
All members of the Professional Numismatists Guild Accredited Precious Metals Dealer (PNG-APMD) program undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and guarantee the authenticity of the numismatic merchandise they sell.
A directory of PNG-APMD members can be found at https://apmddealers.org/apmd-dealers.
United States Mint to Launch Quarter Honoring Pictured Rocks National Lakeshore on Feb. 7
WHAT: The United States Mint and the National Park Service will launch the America the Beautiful Quarters® Program coin honoring Pictured Rocks National Lakeshore in Michigan on Wednesday, February 7, 2018, at 10 a.m. ET.
The ceremony will be held at the Mather Elementary School Auditorium. Additional event highlights include a performance by the Munising High School Concert Choir, a ceremonial coin pour and an exchange of $10 rolls of newly-minted Pictured Rocks National Lakeshore quarters after the ceremony. Paul Balan, designer of the quarter will also attend.
WHO:
- Marc Landry, Acting Associate Director, Numismatic and Bullion Directorate, United States Mint
- Paul Balan, Pictured Rocks National Lakeshore quarter designer, United States Mint Artistic Infusion Program
- Timothy Williams, Deputy Director, External Affairs at the Department of the Interior, for Interior Secretary Ryan Zinke
- Jay Gage, Regional Manager, Upper Peninsula Northern Michigan, for Senator Debbie Stabenow
- Katelyn Rader, Upper Peninsula Regional Coordinator, for Senator Gary Peters
- David Horne, Superintendent, Pictured Rocks National Lakeshore
- Katherine Reynolds, Executive Director, Greater Munising Bay Partnership, Alger County Chamber of Commerce and the Munising Downtown Development Authority
WHEN: Wednesday, February 7, 2018, 10 a.m. ET
WHERE: Mather Elementary School Auditorium
411 Elm Avenue
Munising, MI 49862
COIN FORUM
The United States Mint will host a coin forum the evening before the launch ceremony-Tuesday, February 6, 2018, 6-7 p.m. ET-at the Munising Township Office, E9630 Prospect Street, Wetmore, MI 49895. The coin forum is an opportunity for the public to learn about upcoming United States Mint coin programs and initiatives, and express their views about future coinage.
The Pictured Rocks National Lakeshore quarter is the 41st release in the United States Mint America the Beautiful Quarters Program, a 12-year initiative that honors 56 national parks and other national sites authorized by Public Law 110-456. Each year, the public will see five new national sites depicted on the reverses (tails sides) of the America the Beautiful Quarters. The United States Mint is issuing these quarters in the order in which the national sites were officially established.
United States Mint Resumes Mutilated Coin Redemption Program
WASHINGTON – The United States Mint (Mint) is resuming its Mutilated Coin Redemption Program.
Established under the authority of 31 U.S.C. § 5120, the program provides an avenue through which individuals and businesses can exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement.
In 2015, the Mint suspended the program to assess the security of the program and develop additional safeguards to enhance the integrity of the acceptance and processing of mutilated coinage. The Mint engaged in the rulemaking process to revise the Treasury regulations appearing at 31 C.F.R. part 100, subpart C. Additionally, the Mint published on its website detailed information relevant to the revised procedures for the exchange of mutilated coins.
Acceptance criteria for the Mint’s Mutilated Coin Redemption Program are available at www.usmint.gov/news/consumer-alerts/mutilated-coin-program. Instructions for completing the application are available at www.usmint.gov/news/consumer-alerts/mutilated-coin-program/instructions.