The Royal Mint has launched a collectable 50p to celebrate the life and work of Alan Turing for the first time on official UK coin, available in gold, silver and base metal from Monday 4 July.
Alan Turing’s achievements range from formulating ground-breaking theories in the fields of computing, mathematics and biology to ingenious codebreaking during the Second World War.
The life and work of the ‘father of computing’ inspires the new 50p design by experienced coin artists Matt Dent and Christian Davies. The reverse side of the coin features the British scientist’s name alongside a representation of the Bombe machine used during World War II. In a special nod to his work, the designers have incorporated hidden word sequences as part of the 50p design, representing a Turing quote and significant location, as well as the designers’ initials.
The coin made to honour Turing’s legacy is the final release in the Innovation is Science 50p series, which recognises some of history’s greatest scientific minds including Charles Babbage, John Logie Baird, Rosalind Franklin and Stephen Hawking, and the Discovery of Insulin.
The sixth and final release is an enduring piece of art celebrating work that has left an undeniable mark in the field of science, made with British craftsmanship and innovation at the home of precious metals.
Nicola Howell, Chief Commercial Officer at The Royal Mint said: “Alan Turing was a scientific innovator whose work shaped Britain and it is fitting that his life and achievements will be commemorated for the first time on a collectable 50p. Made at the home of precious metals, where we have a rich heritage of British craftsmanship and innovation, the collectable Alan Turing coin will honour the father of computing in a range of gold, silver and base metal finishes. The release is the sixth and final 50p in the Innovation in Science collection and the design by Matt Dent and Christian Davies concludes the series brilliantly by incorporating hidden messages as part of the design, which we know is popular with collectors of the science series.”
The Royal Mint’s latest release is supported by Sir Dermot Turing, nephew of Alan Turing. Speaking of the collaboration and the commemorative coin, he said: “I am delighted with The Royal Mint’s new Alan Turing coin. It is impressive how much effort they have gone to in checking the historical background, and the attractive design they have come up with perfectly encapsulates his genius and achievements.”
The Life and Work of Alan Turing coin is available at The Royal Mint, where you can also find out more about the Innovation in Science series.
Anti-Counterfeiting Educational Foundation warns of fake “precious metal” and “rare coins” offered online, and helps a Texas investor who became an unsuspecting victim
(Temecula, California) June 30, 2022 – Looking to buy gold and silver, “Oliver,” an investor in Texas, responded to advertisements on Facebook from two companies that touted exceptionally low “introductory offer” prices for silver and gold bullion coins. He paid $1,000 and now is trying to get his money back because the “gold coin” and all 50 “silver coins” he received are counterfeits apparently made in China, according to the non-profit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org).
“I started suspecting they were not genuine when tracking information for my orders was in Chinese,” said Oliver. “That was a red flag. I also saw the same advertisement online with the same format and same pricing but with different company names. When I received the orders, I thought I had gotten taken.”
At the time he placed his order, a one-ounce United States Mint-produced American Gold Eagle would have been priced at about $1,950. He paid $499 but got a counterfeit. Each of the 50 one-ounce American Silver Eagle coins he ordered should have sold for about $40 each, a total of about $2,000 for 50 genuine examples. Oliver paid $499.98 for 50 but received only fakes.
He now is working with his credit card companies to reverse the charges on his two purchases and is assisting the Anti-Counterfeiting Educational Foundation (ACEF) to alert investigators and the public.
“Chinese counterfeiters are blowing up the web selling fake silver and gold coins that may look like the real thing at first glance but certainly are not. We’ve seen suspicious ads posted on many platforms, including Amazon and Facebook, with links to the fraudsters’ websites,” cautioned Doug Davis, ACEF Anti-Counterfeiting Director.
“The counterfeiters and their accomplices are heavily marketing fakes through social media and online ‘coin dealer’ websites. We now are tracking more than 300 websites selling fakes, many of them apparently operated by the same individuals or companies, but often under different company names. Some even copy the exact wording and actual photos from legitimate dealers’ web pages,” explained Davis, a former Texas Police Chief.
“Remember, if you don’t know precious metals or rare coins, you’d better know a reputable seller, such as experts affiliated with the Accredited Precious Metals Dealer program (www.APMDdealers.org) or the Professional Numismatists Guild (www.PNGdealers.org),” advised Davis. Members of both PNG and APMD must follow a strict code of ethics in the buying and selling of numismatic merchandise.
The foundation is alerting the Secret Service about the fakes as part of the organization’s ongoing assistance to federal, state, and local law enforcement as well as prosecutors to fight counterfeiting and the sales of counterfeit coins.
“The important work of the Anti-Counterfeiting Educational Foundation and its volunteer task force of rare coin and precious metals experts is supported entirely by donations,” explained ACEF Executive Director Robert Brueggeman. “The ACEF is a 501(c)(3) corporation, and all donations are tax deductible.”
The seventeenth-century monarch appears on this new coin in the same classic design that would have featured on the coins of the Jacobean era. Whilst the design first appeared on British coinage more than 400 years ago, this coinage portrait has been faithfully recreated as close to the original as possible using state-of-the-art technology.
Rebecca Morgan, Director of Collector Services at The Royal Mint said: “There is strong appeal for collectors with this coin series. There are very few high-quality examples of coinage from the Stuart period, and they are coveted by collectors for their iconic design and rarity and the effigies have been faithfully recreated in fine detail using state-of-the-art technology and numismatic processes. People love to collect the coins of different monarchs, and this series gives the chance for collectors to add key monarchs to complete their collections.”
For more information about the James I 2022 coins please visit The Royal Mint website.
Certified by Professional Coin Grading Service, this banknote has mismatched serial numbers and is also missing some serial number digits
(Santa Ana, California – June 23, 2022) – Bidding has reached $5,500 for a strange $5 Federal Reserve banknote that was discovered by alert collector Alex Allis who submitted the bizarre error to Professional Coin Grading Service (www.PCGS.com). Bidding on the note with both mismatched and several missing serial numbers will close on Sunday, June 26, at GreatCollections (www.GreatCollections.com).
“Errors like this simply don’t turn up every day,” remarked PCGS President Stephanie Sabin.
“Our graders were stunned when they found this remarkable error come through. It speaks volumes about the trust collectors place in our grading and error diagnostics team that PCGS was top of mind for Ms. Allis upon her discovery of this incredible piece.”
“I was a coin collector for many years,” explains Allis, who said she began poring through banknotes during the pandemic when coin shortages stemmed the flow of coinage for her to search through. “Banks would give a thousand $1 bills but not a single roll of coins. I kept my dollar bills I received from change in a separate box, but when I was putting the $5 into the box it demanded my immediate attention.”
She recalls this error specimen feeling to the touch just like a brand-new bill might. “I looked at it about a thousand times. I checked all the usual signs of authenticity for bills.” She adds, “Of course, I didn’t sleep that night!” Recounting a flurry of errands that led her to landing this unusual $5 bill, Allis notes, “That day I went to the bank, grocery store, and a convenience store. I can’t be certain what establishment I received the bill from, but my guess is the convenience store.”
She submitted the error note to PCGS because of her positive impressions of the third-party grading company from having attended coin shows. “I chose PCGS because they are the premier grading service. I have attended shows in the past, and all the people were happy to help and garner excitement for collections.”
Allis says that throughout the pandemic she tried sparking an interest in her kids that might lead to them studying and collecting coins and banknotes. “Although I have had coins and currency put away, the pandemic reminded all of us how fragile life is – and how would my children know what to do with my collection?” She goes on to say, “They are totally engaged now!”
Nearly a decade ago, the Bureau of Engraving and Printing (BEP) introduced new, state-of-the-art banknote production equipment meant to increase output and tighten quality control. large examining and printing equipment (LEPE systems, as they are known, were installed at both BEP facilities to augment decades-old currency overprinting and processing equipment (COPE) system capacity. This subject $5 error banknote is a product of the relatively novel LEPE system, which had just recently been approved for production of the $5 denomination in 2019.
With new technology comes new potential for the generation of exotic and mysterious mistakes, as evidenced right here. Research into the complicated technical specifics that caused the error continues, although it has been established that an LEPE system setup issue was fundamentally to blame. While it is not yet certain whether that configuration problem was digital or mechanical, accidental or intentional, or something else entirely, what remains wholly clear is that this $5 error type is guaranteed to induce jaw-dropping, breathtaking, and head-scratching reactions everywhere it goes.
About Professional Coin Grading Service
Professional Coin Grading Service (PCGS) is a third-party coin and banknote grading company that was launched in 1986. Over 35 years, PCGS has examined and certified more than 50 million U.S. and world coins, medals, and tokens with a combined value of over $49 billion. For more information about PCGS products and services, including how to submit your coins for authentication and grading, please visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
Director Gibson becomes the 40th Director of the Mint. She is the first African-American to serve as Director, and the seventh woman to serve in this position.
“I am honored and humbled to be confirmed as Director of the Mint,” said Gibson. “Since joining the Mint last October, I have been tremendously impressed by the dedication and professionalism of its workforce, and the outstanding quality of the circulation coins, bullion coins, and numismatic products made by the Mint.”
Director Gibson is a U.S. Navy veteran who joined the Mint from the District of Columbia government, where she served as the Director of Human Resources. In this role, Ms. Gibson provided executive oversight and execution of human capital programs and services for nearly 37,000 employees. Prior to that, she served as Associate Deputy Assistant Secretary for Human Resources in the U.S. Department of Health and Human Services. She was responsible for the development, articulation, and delivery of Department-wide human resources policies, plans, and programs.
Director Gibson’s career with the Federal Government includes leadership roles in the Federal Aviation Administration, where she was Assistant Administrator for Human Resources, and the Department of Veterans Affairs (VA) as Deputy Assistant Secretary for Human Resource Management and its first Deputy Assistant Secretary for Resolution Management. She was the VA’s highest-ranking woman veteran and directed human resources management and civil rights programs affecting 230,000 employees.
During a career spanning more than 40 years in human resources executive and professional positions, Director Gibson earned numerous awards and commendations. She received an Exceptional Service and a Meritorious Service Award from the Secretary of Veterans Affairs, an Exceptional Service Award from the Secretary of Transportation, FAA Manager Association’s Leadership Award, National Hispanic Coalition’s President’s Award, and the Northern New Jersey Metropolitan Area’s prestigious “Woman of the Year” award.
A graduate of the Federal Executive Institute, Executive Technique, and Aspen Institute, Director Gibson attended the University of Maryland, University College. She has three children and four grandchildren.