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US officials return ancient coins to Greeks

JENNIFER PELTZ
Associated Press

NEW YORK (AP) — Five ancient coins were returned to the Greek government Monday after a prominent collector from Rhode Island was prosecuted in a New York case that roiled the numismatic world.

Dating as far back as 515 B.C., the silver coins will be displayed for public view and research at the Numismatic Museum of Athens, Manhattan District Attorney Cyrus R. Vance Jr. and Greek announced at a ceremony marking the repatriation of coins dating to 500 B.C.

“The coins being returned to us by the New York County district attorney are exquisite ancient artifacts that reflect Greece’s culture, history and enduring strength,” said Ambassador Christos Panagopoulos. “Back home, where they belong, they will be displayed — with the gratitude of the Greek people to the DA — for all to admire, our citizens and visitors to Greece alike.”

The pieces include two types of ancient Greek currency — staters and a didracham, or two-drachma coin — bearing images that include gods and other mythological figures.

They “will be of greater public benefit in an open place of study and scholarship than locked away in a safe,” Vance said.

The coins were part of a case against hand surgeon and coin aficionado Dr. Arnold-Peter Weiss, whose January 2012 arrest during a coin auction at the Waldorf-Astoria hotel.

An orthopedics professor at Brown University’s Alpert Medical School and author of a hand-surgery textbook, Weiss also had been on a coin collector and investor for 35 years and had served as on the board of the American Numismatic Society.

He later pleaded guilty to attempted criminal possession of stolen property. Those charges involved three coins he thought were fourth century B.C. Greek pieces that had been illegally taken from Italy — but were actually forgeries, prosecutors said. Weiss was aiming to sell one of them for about $350,000 and two others for about $1.2 million apiece, prosecutors said.

As part of his plea agreement, Weiss also forfeited about 20 other coins, including the authentic pieces headed back to Greece. Two of the coins have been returned to a previous owner, and the rest are to be given to cultural and academic institutions, prosecutors said.

Weiss also was required to do 70 hours of community service and write an article about the problem of trading in coins of uncertain origin.

His prosecution furthered a series of court cases and disputes over collecting and trading in objects that Italy, Greece and other countries consider looted pieces of their cultural patrimony.

Institutions including the Metropolitan Museum of Art in New York and the J. Paul Getty Museum in Los Angeles have agreed to return various items to Italy. A former Getty assistant curator was criminally prosecuted in Rome, but the trial ended in 2010 with a judge saying the statute of limitations had expired.

Other countries, including Turkey and Greece, also have taken action in recent years to reclaim antiquities.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. 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But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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