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BUSINESS
August 23, 2008 | From Times Wire Services
The U.S. Mint said it would resume limited distribution of its 1-ounce American Eagle gold coins a week after suspending sales because investors and collectors had depleted the supply. In a memo to authorized dealers, a Mint official said the coins would be allocated "on a weekly basis until we are able to meet demand." The Mint will resume taking orders Monday.
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NEWS
May 2, 1998 | From Times Wire Reports
A raid at a Key West gift shop run by treasure hunter Mel Fisher yielded gold coins that an expert says are modern-day counterfeits--not booty from Spanish galleons that went down off Florida's coast in 1733. A coin-minting expert from San Diego who was brought in by prosecutors said the 25 coins that investigators seized last week, and two others provided by a suspicious customer, were hand-stamped imitations. Fisher's company denied the claim and said the coins were authentic.
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.
NATIONAL
January 19, 2007 | From the Associated Press
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.
BUSINESS
December 27, 2007 | From the Associated Press
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.
NEWS
November 22, 2001 | MARISA SCHULTZ, TIMES STAFF WRITER
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 | CHIP JOHNSON, TIMES STAFF WRITER
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.
NEWS
December 26, 2000 | Associated Press
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.
BUSINESS
August 23, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
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.
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