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COTY Race Starts
By Numismatic News
October 11, 2013

This article was originally printed in Numismatic News.
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When Coin of the Year awards are presented at the World Money Fair Feb. 8, 2014, in Berlin, Germany, two new category awards will debut and two will be retired.

Awards for Best Circulating Coin and Best Bimetallic Coin will be presented instead of giving awards for Best Trade Coin and Most Popular Coin.

Having a category for circulating issues is closer to the mission of trying to recognize coins that are actually used by everyday people, said George Cuhaj, editor of the Standard Catalog of World Coins.

“It seems more appropriate than having an ambiguously named Best Trade Coin category,” he said.

The Most Popular Coin category was eliminated because it was becoming harder to define popular as something other than a large mintage, Cuhaj said.

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“Is a coin that sells out in a day or two less popular than a coin with a larger mintage from a bigger country that never sells out?” Cuhaj asked.

Replacing the category is Best Bimetallic Coin. These are coins that have an outer ring of one metal with a center of another metal. Even before the eurozone introduced bimetallic 1- and 2-euro coins in 2002, it had become a popular collectible field in its own right, Cuhaj said.

The COTY nominating panel convened Oct. 4 in Iola, Wis., home to World Coin News, sponsor of the Coin of the Year awards and sister publication to Numismatic News.

By the end of the meeting, the group had filled all 100 slots for nominations. These will be worked into a ballot. An international panel of judges will vote online for winners in the 10 categories. These then will form the basis of a second round of voting by the international judges to determine the overall winner.

Coins under consideration this year are dated 2012.

Canada’s Royal Canadian Mint made a quick start, garnering eight nominations.

Other nations also gathered multiple nominations and the competition should be lively, Cuhaj said.



More Coin Collecting Resources:

• Order your 2013 Yellow-Bellied Sea Snake Coin Set today!

• IT’S HERE! Order the 2014 North American Coins & Prices.

• Get the 2012 Coin of the Year – limited quantities remain!

• See what guides and supplies our editors recommend for keeping up with your collection.

 



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