CALIFORNIA | LOCAL
August 5, 1988
The Federal Trade Commission has charged three coin dealers in Los Angeles and Beverly Hills with misrepresenting the value of coins they sold through the mail and over the telephone, and a judge placed the businesses in receivership. The FTC does not know how many customers were cheated, but one Torrance man paid nearly $50,000 for coins worth about $5,000, said Ann Guler, a spokeswoman for the FTC. Charged in the complaint were Woodmar Corp.
January 19, 2007 |
Reversing itself, the Defense Department says its espionage report that warned about Canadian coins with tiny radio frequency transmitters was not true. The Defense Security Service said it never could substantiate its own published claims about the mysterious coins. It has begun an internal review to determine how the false information was included in a 29-page report about espionage concerns. The service had contended since late June that such coins were found planted on U.S.
December 27, 2007 |
Coming soon on new presidential dollar coins -- Old Hickory, Old Kinderhook, Old Man Eloquent and the Last of the Cocked Hats. The U.S. Mint, maker of the nation's coins, today will unveil the stately images of the next four presidents whose faces will appear on the front of the shiny gold-colored dollar coins next year.
November 22, 2001 |
There's not much talk here these days about a surplus, except for the surplus of coins in circulation. And because there are so many pennies, nickels, dimes and quarters changing hands, the U.S. Mint has announced that 357 people, about 12% of its work force, are losing their jobs, with the San Francisco plant especially hard hit. Last year the Mint made about 25 billion new coins.
CALIFORNIA | LOCAL
May 12, 1994 |
The co-owner of a Glendale coin shop is responsible for the recovery of nearly $500,000 in rare silver and gold coins stolen more than a year ago from a Long Beach coin show, and the arrest of a suspect in the theft, authorities said. Robert Van Bebber recognized the coins Monday when some of them were brought into his Coin and Stamp Galleries by a man attempting to sell them, police said. Thomas J.
December 26, 2000 |
The Salvation Army has struck gold three times in recent weeks. The Salvation Army's Jonathan Harvey was elated when he learned that someone had dropped a valuable gold coin into a donation kettle. And just after he auctioned off that coin Thursday and earned the organization $575, his phone rang. Another of the group's bell-ringers had found a gold coin in his kettle. With the second coin was a note indicating there would be another coin in another kettle. And so there was, Harvey said Friday.
CALIFORNIA | LOCAL
December 8, 1996
Two thieves made away with nearly $400 in rare coins and jewelry during a robbery Saturday in a yogurt shop parking lot, police said. The incident occurred about noon while the victim, an adult male, was inside the Golden Spoon yogurt shop on Harbor Boulevard. Two men broke into the victim's car and attempted to steal a briefcase containing $4,800 in collectible coins, jewelry and currency, said Costa Mesa police Sgt. Les Gogerty.
August 23, 1991 |
A customer of SafraBank California in Encino was free on bail Thursday after being arrested for allegedly using counterfeit gold coins to defraud the bank of $13.4 million. Tzyy Bin Chen, of Queens, N.Y., was arrested by the FBI in New York on Wednesday but pleaded innocent to the charges at an arraignment. He was released after bail was set at $3 million with a $50,000 cash security payment, said Assistant U.S. Atty. Peter K. Vigeland. Chen's lawyer, Paul P. Rao Jr.
May 1, 1988 |
Advocates of redesigning the nation's pennies, nickels dimes and quarters have held out the prospect that excited coin collectors would hand the Treasury a multibillion-dollar, deficit-reducing, windfall profit. But the director of the U.S. Mint, testifying in late April before the Senate Banking Committee, predicted only small-change proceeds ranging in the millions of dollars, not billions. Sen. Alan Cranston (D-Calif.) said any profit from a redesigned coin would be welcome.
May 21, 1999 |
The $1 Susan B. Anthony coin that Americans rejected 20 years ago is staging a comeback. U.S. Mint officials announced Thursday that they will strike an undetermined number of the coins later this year because the mint's stockpiles of coins carrying the suffragette's image will be exhausted before a new gold-colored $1 coin can be introduced in January. The old coins were struck from 1979 to 1981 and were one of the biggest disasters in recent U.S. coinage.