Search Coin Community

Numismatic Toolbar

Download Now!

Steven Strasburg Video, News, and Memorabilia

Collect Stamps
on CollectingStuff.com

Navigation

Coin Forum Stamp Forum US Coin Image Gallery US Coin History US Commemorative History US Coin Facts Numismatic News Numismatic Toolbar Glossary Numismatic Search Engine Spot Prices Numismatic Articles Numismatic Directory Numismatic Event Calendar Coin Consignment Coin Community Gear Subscribe to our Newsletter Contact Us

eBay Coin Shopping

Cheap US Coins Hot US Coin Auctions World Coins Under $5.00 World Coins Most Watched Member Listings eBay Coins By Type eBay Home Page

Browse eBay Categories

Coin Community Sponsors

Get Paid to Take Surveys!
You can get paid to take online surveys and make from $5 to $75 each, or more!

Australian Coin Values
This laymans guide will identify Australia's most valuable coins and notes to get an accurate idea of what a dealer will pay for them.

GovernmentRegistry.com
Instant nationwide search system will check thousands of sources let you download and view the records reports within minutes.

SedwickCoins.com
Professional numismatists specializing in the colonial coinage of Spanish America, shipwreck coins & artifacts of all nations.

Coin Community Advertising

Active Users

There are currently 1307 users on this website.

Be a Site Supporter

Tutorials

Uploading Photos Posting Links

Stuff for Members

Member Photo Galleries Member eBay Pages

Recent Forum Topics

Last 100 Active Topics Last 100 New Topics

Username:	Password:
Save Password
Forgot your Password?

Forum Home Active Unanswered Last 100 Active Last 100 New Search FAQ Rules

Welcome guest, we're glad you're here but right now you cannot interact with other members. Register Now for Free and you can be posting in 5 minutes!

All Forums

US Coins and Currency Discussion Forums

Classic US Coins

Don't Mix Politics and Coins

New Topic

New Poll

Topic Locked

Printer Friendly

Author

Topic

Morgan Fred
Moderator

Coin Community Supporter Supporter!

USA
2684 Posts

Posted 11/21/2006 7:06 pm

http://www.allheadlinenews.com/articles/7005583304

Noe got 18 years.

Not to forget: in the old USSR, he would have been shot. In China today, he would have been shot.

Send note to staff

How can I help support Coin Community?

ziggy29
Valued Member
USA
145 Posts

Posted 11/21/2006 7:45 pm

I wish our 'leadership' would remember that when threatening to block a redesign of our coinage.

--
Tim (ANA R-167586, Fly-In #1125)

Send note to staff

errorfinder
Valued Member
USA
294 Posts

Posted 11/21/2006 8:57 pm

in my humble opinion , thanks [fred] for posting this , i'am aware of past 'news' regarding this information. it is evidently not enough that reporting is not enough for "us" to take notice.so in respect to thee rereporting and the update me,myself do :appreciate your 'update' Thank you ! "just say yes; to redesign" ref: at -least- some of the state quarters.

errorfinder

Send note to staff

janknez
Pillar Of The Community

USA
509 Posts

Posted 11/21/2006 9:14 pm

I don't think I understand what a guy convicted of spending money he was supposed to use to buy coins for Ohio has to do with the redesign of coins.

Did I miss a sentence?

Or if this is a private conversion, just say so and I will butt out.

got coins?

Send note to staff

Morgan Fred
Moderator

Coin Community Supporter Supporter!

USA
2684 Posts

Posted 11/21/2006 9:33 pm

One thing which never came out during the investigations is the possible connection between Noe's coin company, Capital Coins and the now-defunct Capital Coin Grading Service (CCGS; not to be confused with at least one other CCGS which isn't involved). The way I see it is that Noe could have artifically inflated the value of the coins he purchased as investments for the state's retirement fund by inflating the coins' grades and putting them in his own slabs. He could easily make it appear a coin he bought for, say $4500 as an AU-58 was worth $45,000 by CCGS slabbing and grading as MS-65 (example used: 1894 Morgan). Proceeding to the next logical step in this scenario, he could have then shown a paper profit and value above the total actually invested by using the bloated CCGS slabs' value in his books and skimmed leftover investment money not actually spent on coins. Judgement day comes when someone attempts to sell the coins in a legitimate auction.

I suspect Noe has his own retirement fund waiting for his eventual release.

The nuances of coin grading practices might have been beyond the investigators.

Fred

Send note to staff

gxseries
Pillar Of The Community
Australia
1338 Posts

Posted 11/21/2006 11:00 pm

Sure is disgusting. Dealers like him would probably artifically inflate values, and imagine how bad it is for us coin collectors as we have to pay more money for a similar graded coin.

My partial coin collection http://www.omnicoin.com/user_view.aspx?id=gxseries

My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month.

Send note to staff

OldDan
Pillar Of The Community
USA
1203 Posts

Posted 11/22/2006 2:58 pm

quote:
Originally posted by gxseries

Sure is disgusting, and imagine how bad it is for us coin collectors as we have to pay more money for a similar graded coin.

I don't think you can actually say this unless they are holding a gun to your head while making the sale. As I've always said, there are only two things you have to do and that is 1) die and 2) pay your taxs. Everything else you have a choice.

Send note to staff

Topic

How can I help support Coin Community?

New Topic

New Poll

Topic Locked

Printer Friendly

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2009 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Privacy Policy

Coin Community Forum

It took 0.34 seconds to rattle this change.