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Gold, money to be displayed in Sacramento

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More than $100 million in rare coins and banknotes will be joining the biggest gold nugget still in existence 

ever discovered in California
next week as the National Money Show comes to Sacramento.

“You’ll never see this much money in one place at any other time,” said Jay Beeton, marketing and education director of the American Numismatic Association, organizers of the National Money Show.

Numismatists collect coins, banknotes and precious metals.

“You don’t have to be a coin collector to enjoy the show,” he added. “If you have an appreciation of history and you want to spend a day doing something different, this is an opportunity to make this a family day.”

In addition to the nearly 9-pound gold nugget discovered last year in Nevada County, the show will include a 1913 Liberty Head nickel – one of only five known, the 1787 Brasher Doubloon – made by George Washington’s neighbor as the first gold coin made in the United States, and one of 15 known 1804 U.S. silver dollars – known as “The King of Coins.”

According to goldprice.org, the current value of gold is more than $1,400 per ounce.

Tying in to local history, there will be a display of California national banknotes produced during the Gold Rush.

“Way back in these days, there were national banks in Long Beach, Sacramento and L.A., and this exhibit features some of the ones produced by those banks,” Beeton said. “They’re very ornate and beautiful.”

As well as items on display, about 500 dealers from across the country will be there to sell and trade coins and other money-related items.

“The U.S. Mint will be there, too,” Beeton said. “(Attendees) can purchase products from the U.S. Mint … and we do have a prize wheel, where any kid can spin, and they might walk away with an Eisenhower Dollar or an Indian Head cent or an ancient coin, foreign money or a bookmark.”

The show was last in Sacramento in 1999, Beeton said, adding that it’s an exciting introduction to the hobby of coin collecting to beginning numismatists.

“It’s one of the largest events (money collectors) have,” said Nick Rapanos, owner of A & D Coin and Jewelry Exchange at 1621 Fulton Ave., who attended the last show. “The last time they were in town, it drew about 10,000 people.”

Rapanos said the show is a good opportunity for anyone interested in coins and money, and it is being hosted by the Sacramento Valley Coin Club.

“They have a lot of different things you normally only see in magazines,” he said. “They have very, very rare coins. When they had one n San Francisco, they had a 1913 V nickel, and only five known specimens were ever minted.”

The “V nickel” is another term for the Liberty Head nickel, which will be on display at the show in Sacramento.

The items in the show come from the American Numismatic Association’s collection as well as private collections, Beeton said.

The show will be held from 9:30 a.m. – 5:30 p.m. from March 17-19 at the Sacramento Convention Center, 1400 J St.

Admission is $6, and children 12 and younger are admitted for free.

Brandon Darnell is a staff reporter for The Sacramento Press. 

Editorial Note: A correction has been made to this story after it was published. The incorrect information has been struck out and the correct information has been added.

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