Sr. 6th Year 62nd Issue July 2020 Pages.12 22 49731833 Hobbies Keeping Collectors Positive during Lockdown hile staying at p l a c e d u n d e r e ve n home has become stricter shelter and social Wthe new normal, distancing orders, which people are turning their focus are now expected to last to revisit their childhood several months according hobbies. Between writing, to authorities. These researching, cataloguing and measures which are browsing online offerings to meant to stop the spread add to their collections, Indian of COVID-19 – have put an n u m i s m a t i s t s h a v e n o end to all physical shows, shortage of tasks to stay busy meetings, auctions and while under lockdown. Being other numismatic events. confined to our homes has Many coin collectors are t h r o w n u p s u r p r i s i n g seen busy displaying their difficulties for some while collections on various gifting others with some great they truly care about. As March social media platforms opportunity to indulge in hobbies turned into June, much of India was like ‘facebook’, Whatsapp groups, Cont on Page 3rd.. Myths about Coin Collecting oin collecting can be a fun and rewarding hobby, where you Ccan meet likeminded people and even make money. However, as with any hobby or interest, it takes a while to gain knowledge and experience, so when you’re starting out it’s all too easy to fall into common pitfalls. Here are some of the misconceptions new collectors have about collecting coins. Collecting rare coins is for rich people: Numismatics is sometimes referred to as “The Hobby of Kings”. Today, however, coin collection is very affordable. You can have fun for a few bucks per week. There are very interesting coins for every budget. is usually an excellent investment. condition are what makes a coin Coin collecting is a great way to save Old coins are the most valuable: valuable. The combination of both is m o n e y, a n d t h e l o n g - t e r m Age has almost nothing to do with when the big bucks come into play. accumulation of a rare coin collection the value of a coin. Rarity and Cont on Page 3rd.. ICCG - An Iso 9001 - 2008 Certified Group QA/QMS/0315194 - Download Free News Paper. www.iccg.in Sr. 6th Year 62nd Issue July Page.2 Numismatic News Paper of India A Division of :- INDIAN COINS & CURRENCY GROUP Article News Alert: No, RBI is Not Issuing New Notes and Coins of Different Denominations n the past, rumours emerged that the aforementioned denominations. notes and coins of the respective the Reserve Bank of India (RBI) The simple answer is no, because the denominations. In fact, the last Ihad issued new notes of RBI, whenever it releases currencies notification on its website is from denomination Rs 5,000, Rs 350, Rs 5 of a new denomination, notifies the June 26, which is about ‘the public and Rs 2, as well being able to use a s c o i n s o f all coins as legal denomination Rs tender. 1,000, Rs 250 and Additionally, the Rs 125. central bank also B a c k t h e n , uploads images several media a n d s e c u r i t y outlets and ICCG details of all the N e w s h a d notes currently in clarified that this circulation on was fake news. ‘Paisa Bolta Hai’ However, the w e b s i t e . N o claim has made a comeback in recent public about the same through mention can be found there as well days with the same message that the circulars on its official website. There about these notes and coins. RBI has issued new notes and coins of is no notification regarding issuing of Stamps on Terracotta Temples ecently, India Post Among the seven terracotta issued a set of seven temples, four are in West Rc o m m e m o r a t i v e Bengal under the jurisdiction postage stamps and a of the Archaeological Survey miniature sheet on the of India, Kolkata Circle. ‘Terracotta Temples of India’. “What makes the terracotta The temples on which the temples in Bengal unique is stamps have been issued are that each of the temples is — Indralath temple, Ranipur decorated with terracotta Jharia , Odisha; Nebiya Khera plaques which depict temple, Bhadwara, Uttar religious and social scenes Pradesh; Lakshman temple, dating to the late medieval Sirpur, Chhattisgarh; Madan Bishnupur; Shyam Rai temple, era,” Subha Majumdar, Mohan temple, Bishnupur, West Bishnupur; and Lalji temple, Kalna, Superintending Archaeologist, ASI, Bengal; Jor Bangla temple, West Bengal. Kolkata Circle, said. ICCG - An Iso 9001 - 2008 Certified Group QA/QMS/0315194 - Download Free News Paper. www.iccg.in Sr. 6th Year 62nd Issue July Page.3 Numismatic News Paper of India A Division of :- INDIAN COINS & CURRENCY GROUP News Cont from Page 1st.. and else. They are sharing all physical social contact knowledge, exchanging, buying & but not about your selling all they could to make good hobby likings in the use of the lockdown period. Many toughest times. While collectors are known to be contacting the hobby has always dealers and friends by various means been a solitary pursuit – Facebook, texting, emails and even for every collector, in on the phone – to see how they are, these times of isolation, exchanging of ‘want lists’ to people many of them are and participating in various online finding joy in sharing auctions and sales are just so their collections with common during the lockdown s i m i l a r l y - m i n d e d period. Overall, it’s all about avoiding community online. Cont from Page 1st.. Cleaning coins make them more valuable: Cleaning your rare coins will destroy their value in most cases. Very skilled experts can conserve coins, but the general public should never, ever clean a coin. Rare coin collectors are very conflicted about this subject. Most will tell you they want original and uncleaned coins. The best deals to be found are online: also fakes and over-graded, over- It is essential to be careful whom you To be sure, there are some great priced coins to be found as well. buy from on the internet. If there is deals to be found when surfing the Just remember, if it’s too good to be not a solid return privilege, shop internet. Unfortunately, there are true, it usually is too good to be true! elsewhere. ICCG - An Iso 9001 - 2008 Certified Group QA/QMS/0315194 - Download Free News Paper. www.iccg.in Sr. 6th Year 62nd Issue July Page.4 Numismatic News Paper of India A Division of :- INDIAN COINS & CURRENCY GROUP International News Back on Topps: Sports Cards, Once Again, are Big Business alifornia: Steve Majkowski collecting is well- opened Rochester Sports suited to lockdown CCards and Memorabilia six scenarios and social years ago. At the time it may have d i s t a n c i n g . H e seemed like a gamble — a sports card mentions the ease of store, in 2014? — but today business sharing collections is so good that he’s buying his on social media and downtown Rochester building. the popularity of Sports cards are scorching. They’ve pack opening videos been trending upward for several on YouTube as other years, but since the pandemic, contributors to the they’ve exploded both in popularity current craze. and value. Chalk it up to a host of “No live sports for is booming. factors: nostalgia, financial awhile helped, too, and people kind “This year we’ll be doing twice the prospects, promising young stars, a of went back and rediscovered their business that we had in even our lack of competition for consumers’ old collections,” says Heckman. most aggressive business plan for the e n t e r t a i n m e n t d o l l a r s a n d “They went into their attics and year,” says Majkowski, who worked disposable income during COVID-19. found things from the '70s, '80s and for Delphi and Dow before he opened This mix of ingredients has whipped '90s that were collecting dust and his store, where he has display cases collectors into a frenzy, and business reconnected with them. All those full of current and vintage cards and things have made the hobby be on boxes of new product lining his walls fire.” and counter space. “We’ll do four On fire, as in big money is at play. Last times the business that we did in month, a LeBron James rookie sold at 2016.” auction for $1.8 million, and earlier At Grand Slam Sports in Sterling this month an unopened case of Heights, “we’ve never been busier,” 1986-87 Fleer basketball cards — the says owner Dave Rivetto. year of Michael Jordan's rookie card Trading card industry leader Topps, — sold for $1.78 million. Over the which next year celebrates its 70th weekend, meanwhile, a 2009 Mike anniversary, has seen business Trout rookie sold for $3.9 million, skyrocket during the pandemic. setting a record by becoming the “It’s the perfect thing to do in your most expensive sports card ever sold own home,” says Jeff Heckman, at auction. Topps’ global director of e- commerce, who says trading card For More Videos Subscribe our YOUTUBE Channel “ICCG News Numismatic News” ICCG - An Iso 9001 - 2008 Certified Group QA/QMS/0315194 - Download Free News Paper.