LOOSE CHANGE: MARCH 24, 2019

Von Hayek's Medals Set Auction Records

A new record for any item sold in an online-only sale at Sotheby's was set today when Friedrich von Hayek's Nobel Memorial Prize for Economic Science sold for £1.1 million / $1.5 million, almost triple its pre-sale low estimate (£400,000-600,000).

Von Hayek's Nobel Prize, awarded for "pioneering work in the theory of money and economic fluctuations", led Sotheby's online-only sale of 27 lots from his personal collection which together realised £2.04 million / $2.67 million, quadruple the pre-sale estimate (£445,000-670,000).

Elsewhere in the sale, von Hayek's personal underlined and annotated copy of Adam Smith's The Wealth of Nations, estimated at £3,000-5,000, sold for £150,000 / $196,365, and the Presidential Medal of Freedom presented to von Hayek by President George H.W. Bush in 1991, estimated at £10,000-15,000, reached £112,500 / $147,274.

To read the complete article, see:
Friedrich von Hayek's £1.1 million Nobel Prize sets online only auction record at Sotheby's (http://artdaily.com/news/112153/Friedrich-von-Hayek-s--pound-1-1-million-Nobel-Prize-sets-online-only-auction-record-at-Sotheby-s#.XJekAShKiAs)

Jimmy Hayes Discusses Bullion Taxes

To read the complete article, see:
ICTA Executive Director Jimmy Hayes discusses silver and gold bullion taxes in U.S. states with James Anderson of SD Bullion (http://news.coinupdate.com/icta-executive-director-jimmy-hayes-discusses-silver-and-gold-bullion-taxes-in-u-s-states-with-james-anderson-of-sd-bullion/)

Ugandan Counterfeiter Pleads Guilty

A son of missionaries who later married into the family of an African dictator has admitted to his role in an international counterfeiting operation.

Ryan Gustafson, 28, an American married to the granddaughter of the late Ugandan dictator Idi Amin, pleaded guilty to conspiracy and counterfeiting counts on Thursday in Pittsburgh.

The Pittsburgh Post-Gazette reported that prosecutors said Gustafson's operation was uncovered after one of his confederates bought coffee in Pittsburgh with a fake $100 bill.

The U.S. Secret Service said Gustafson had originally been arrested in Uganda in 2014 when police there raided his residence and found fake money and other evidence linking him to a counterfeiting ring.

Gustafson, who is the son of missionaries and is originally from Montana, was extradited from Africa to Pittsburgh in December 2015 to face trial here.

To read the complete article, see:
American man married to granddaughter of the late Ugandan dictator Idi Amin charged with producing $2 million in counterfeit notes that were bought and sold on the Dark Web (https://www.dailymail.co.uk/news/article-6839251/American-man-married-granddaughter-late-Ugandan-dictator-faces-money-laundering-charges.html)

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