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How the new tax bill will hurt numismatic businesses

The Industry Council for Tangible Assets (ICTA) issued an alert warning that a provision on the House of Representatives’s tax plan has the potential to hurt the numismatic industry and asked its members to contact their representatives to let them know of the issue. Like many legislative actions, the bill was probably not targeted at […]

1892 Barber Half? (Paid Under spot price for 10 barber coins!)

I bought 5 quarters and 5 half dollars for $24.94…

1892 Barber Half? (Paid Under spot price for 10 barber coins!)

Gold and Silver Surge, End Week at 1-Month Highs

Gold and silver futures rallied Friday as the U.S. dollar weakened against other world currencies. Both metals closed at about one-month highs, banking solid weekly increases.

Gold for December…

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Parisian producer, Art Mint debuts its beautiful Celestial Bodies range of silver coins

Parisian producer Art Mint debuts its beautiful Celestial Bodies range of silver coins We first saw images of this new series from Art Mint way back in Berlin in February. The three coin part gilded series was called Celestial Bodies and featured stylised representations of the sun […]

American Numismatic Association Board of Governors Approves $5.6 Million Budget for FY 2017-18

At its Oct. 27-28 meetings in Colorado Springs, Colo., and a subsequent teleconference on Nov. 14, the American Numismatic Association (ANA) Board of Governors unanimously passed a $5.6 million budget for FY 2017-18. 

“This strategic deployment of funds is an investment in the Association as well as the future of numismatics and the hobby,” said ANA President Gary Adkins. “It expands our reach and capacity for engagement and sets the stage for growing our fund development and online outreach initiatives, and also addresses some capital improvement needs.”

“If we are to remain relevant, we must make the commitment to providing the necessary resources to propel the ANA forward while also committing to fiscal responsibility,” he added. “We will continue to seek and identify revenue sources to augment income whenever possible, but the future growth of the Association cannot risk dependence upon those opportunities alone.”

As of October 31, 2016, the ANA had total assets of $74.8 million and net assets of $72.5 million, according to Budget and Finance Board Liaison Greg Lyon. Net assets exclusive of the museum collection are $35.1 million. “Overall, the ANA’s net worth has remained stable since 2013 and we will be reporting an increase in assets for FY 2017,” said Lyon.

Lyon noted that the ANA is extremely fortunate to have received Kenneth Keith’s bequest in 1977 of Ben E. Keith corporate stock to support the Association’s mission and programs. “The value of the stock the ANA holds has grown from under $5 million in 2006 to over $18 million in 2017, with additional stock, currently held in trust for the ANA, to be received in the future,” said Lyon.

According to ANA Treasurer Larry Baber, the details of Kenneth Keith’s bequest to the Association is a fascinating and little-known slice of ANA history that continues to shape the trajectory of the Association.

History of the Ben E. Keith Company Stock Endowment

Kenneth Keith of Jolly and Wichita Falls, Texas, was the nephew of Ben E. Keith and an heir to the food and beverage company bearing his uncle’s name. He also was an avid numismatist. In July 1975, five men broke into Kenneth Keith’s home, which he shared with his brother Jim, in search of a valuable rare coin collection that had, unbeknownst to them, been donated to the American Numismatic Association’s Money Museum in 1971. Jim was killed during the armed robbery, while Kenneth was beaten and bound. The ANA posted a reward for the capture and conviction of the men, who were later apprehended and convicted of murder. In 1976 Kenneth Keith set up his will naming the ANA one of the remainder beneficiaries to his shares of stock in the Ben E. Keith Company, a closely held company that is one of the largest Anheuser Busch distributors in the world. Kenneth Keith died the following year.

Ben E. Keith Company stock is held in trust for the income benefit of 13 individuals and as each one dies, half of his or her non-voting stock is distributed from the trust to the ANA. (The other half is distributed to Texas Tech University.) “When Kenneth Keith died in 1977, the stock received by the ANA was valued at several hundred thousand dollars,” said ANA Treasurer Larry Baber. “Today, the 1,334 shares currently held by the ANA are valued at $18.6 million. When the last four living relatives pass, the ANA will receive an additional 2,442 shares of stock.”

The Ben E. Keith Company is listed as one of the Top 70 largest privately held businesses in the United States.

“We are fortunate that the Ben E. Keith Company family of employees has been a good steward of the company over these many years,” said Baber. “The company’s sound business practices have benefitted the ANA greatly.”

ANA Convention Site Options Discussed

Peter Wann of ConferenceDirect made a presentation to the Board on the challenges facing the ANA in negotiating venue sites and hotel properties for future shows. According to Wann, several criteria are at play when considering ANA convention sites:

  • The ANA requires a minimum of 200,000 square feet of exhibit space and 45,000 to 50,000 square feet of various size meeting rooms, which eliminates many smaller cities from consideration.

  • States that impose a state sales tax on numismatic items are not considered, leaving 31 states that can be considered. Thirteen of these states do not have venues large enough. The remaining 18 states having viable sized convention centers.

  • Another key issue is the “rooms-to-space ratio.” Organizations such as the ANA that fill 600-700 hotel rooms for an event typically need 30,000 to 50,000 feet of space. The ANA requires 250,000 square feet. Wann indicated that many cities are not willing to commit their convention facilities for a week to 10 days without a commitment from the ANA to fill more room nights and purchase additional food and beverage.

The Board did not vote on future National Money Show® or World’s Fair of Money® sites.

A copy of the approved budget is available online at money.org/financial-reports. Minutes from the meetings will be published in the January 2018 issue of The Numismatist.

The American Numismatic Association is a congressionally chartered nonprofit educational organization dedicated to encouraging people to study and collect coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of educational and outreach programs, as well as its museum, library, publications, conventions and seminars. For more information, call 719-632-2646 or visit www.money.org.

Klingon ignites passion for ‘universal’ language

Klingon ignites passion for ‘universal’ language

In Star Trek, the Klingons are an extraterrestrial humanoid warrior species who speak forcefully in a harsh, guttural language. Despite its disagreeable sound, ‘Klingonese’ has developed an extraordinary following in real-life.

Although the Klingon language was mentioned in the early Star Trek episode The Trouble with Tribbles (1967), it wasn’t until Star Trek: The Motion Picture (1979) that the first words were spoken on screen. The subsequent development of Klingon into a fully-fledged language and the growing numbers of fans who speak it fluently reflects the enormous impact of the sci-fi classic’s impact on audiences worldwide.

The first Klingon words were devised by actor James Doohan (“Scotty”). For Star Trek III: The Search for Spock (1984), director Leonard Nimoy and writer-producer Harve Bennett wanted the Klingons to speak in a structured way instead of random words, and so commissioned a more authentic script based on the phrases Doohan had originated.

The task was undertaken by Marc Okrand, a language expert with a Ph.D. in Linguistics from the University of California, Berkeley. His new vocabulary and grammar were enthusiastically embraced by actor Christopher Lloyd (Captain Kruge) who impressed Okrand with his desire to get the pronunciation right, know what the words meant and how the sentences fitted together.

Okrand’s The Klingon Dictionary (1985), which described many aspects of the Klingon language, achieved sales of more than 300,000. In 1992 he released the audio book Conversational Klingon featuring Michael Dorn, the actor who played Worf. Among his follow up books The Klingon Way: A Warrior’s Guide is regarded by fans as a canonical source of the alien language.

Okrand says he never imagined people would study it so seriously or learn it so well that they could actually carry on conversations!

The Klingon Institute (KLI), founded in 1992 by fellow academic Lawrence M. Schoen, offers online courses and holds an annual conference providing lessons, lectures and exercises for those wishing to speak Klingonese. The KLI also runs several projects to promote the language, including the translation into Klingon of the Bible and works by Shakespeare.

Antiqued silver coin portraying Worf, the first Klingon officer to join Starfleet.

Today, Klingon is probably the most fully developed fictional language in the world. Fans use it to conduct marriage ceremonies and to write songs. A Klingon Christmas Carol, based on the famous novella by Charles Dickens, is performed regularly in the United States. An opera in the Klingon language premiered in The Hague in 2010.

In Australia, the Jenolan Caves in the Blue Mountains became the first attraction to offer guided tours in Klingon after the Sydney-class starship U.S.S. Jenolan appeared in an episode of The Next Generation.

In art, in advertising, even in television series and movies that have nothing to do with Star Trek, Klingon is now so extensively used that you might call it the first ‘universal’ language.

tlhlngan maH!
[We are Klingons!]

Click here to see more coins from the authorised Star Trek coin program.

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Lieutenant Commander Worf immortalised on this 30th anniversary limited edition

Lieutenant Commander Worf immortalised on this 30th anniversary limited edition

Running for 178 episodes over seven seasons, The Next Generation followed the 24th century adventures of Captain Jean-Luc Picard and his crew on board the U.S.S. Enterprise NCC-1701-D.  Together they encountered old enemies turned allies such as the Romulans and the Klingons, while confronting several new species including the Ferengi, the Cardassian and the Borg.

Fans of the show quickly became enamoured with the first Klingon to join Starfleet – Lieutenant Commander Worf, who was introduced in the first episode of The Next Generation. Funnily enough Worf was never intended to be a regular character on the show, but his popularity proved so great that he went on to appear in all five films and 272 television episodes of the hit Star Trek franchise.

American actor Michael Dorn appeared as Worf more times as a regular cast member than any other Star Trek actor.

The Klingons were an extra-terrestrial humanoid warrior species who initially appeared in The Original Series as antagonists of the Enterprise crew. By The Next Generation they had become a close ally of humanity and the United Federation of Planets.

Worf was born in 2340 on Qo’noS (home of the Klingon race) as the son of Mogh, where he remained until his parents moved to the Khitomer colony five years later.

Worf was orphaned during the attack by the Romulans on the Khitomer post. He was rescued by the U.S.S. Intrepid and taken in by Starfleet’s Chief Petty Officer, Sergey Rozhenko, who raised him on the planet Gault surrounded by humans. Despite this, Worf thought of himself as a Klingon at heart and his mannerisms, personality and sense of honour were more reminiscent of his heritage. In 2357 he joined Starfleet Academy, graduating in 2361 to become the first Klingon officer Starfleet had ever had.

Star Trek: The Next Generation – Lieutenant Commander Worf
2017 2oz Silver Proof Antiqued Coin

Celebrating the 30th anniversary of The Next Generation this silver antiqued coin features the Star Trek: The Next Generation 30th Anniversary logo and Lieutenant Commander Worf alongside the Klingon insignia. The design includes the well-known Klingon motto ‘It is a good day to die’™, written in the Klingon language.

Struck from 99.99% pure silver this stunning collectable has a maximum mintage of 1,701 and is presented in a Star Trek inspired case transporter machine which lights up when the lid is opened.

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2018 American Silver Eagle: pre-order now!

 

Canadian 2018 $10 Gold-Plated Coin Pays Tribute to SML

The Royal Canadian Mint is celebrating the bullion Silver Maple Leaf’s 30th birthday with a double-dated silver coin that features gold-plating.

Struck for collectors in two ounces of 99.99% pure…

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U.S. Mint 2017 Last Chance Products Announced

More than 100 products from the United States Mint will go off-sale by the end of next month.

2017 is the final year to buy the Standing Liberty and Walking Liberty Centennial Gold Coins, Boys Town…

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