Why I Like year 2000 gold coins
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Today, like all investments and commodities, the price of gold is ultimately driven by supply and demand, including hoarding and disposal. Unlike most other commodities, the hoarding and disposal plays a much bigger role in affecting the price, because most of the gold ever mined still exists and is potentially able to come on to the market for the right price. Given the huge quantity of hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production.
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In July 2002, a very rare $20 1933 Double Eagle gold coin sold for a record $7,590,020 at Sotheby's, making it by far the most valuable coin ever sold to date. In early 1933, more than 445,000 Double Eagle coins had been struck by the U.S. Mint, but most of these were surrendered and melted down following Executive Order 6102. Only a few coins managed to survive.
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At one time, it was speculated that the notes signed by Treasurer Joseph W. Barr would eventually hold a high numismatic value since he was in office for only 23 days in 1968-69. However, during that period, a total of 484 million notes were produced with his signature. The high quantity produced dictates that the notes will never be considered rare in our lifetime. Interestingly, in 1995, numismatic author Alan Herbert stated, "A $1 Barr note deposited in an interest-bearing account in 1969 would have been worth over $4.00, figuring 6% interest compounded annually. A circulated Barr note kept in a safe-deposit box for 26 years is worth $1 today
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Your Latest year 2000 gold coins News
Gold Declines Below $800 an Ounce as Rising Dollar Cuts Appeal
Thu, 11 Sep 2008 11:58:54 +0000
Gold fell below $800 an ounce and silver slumped to the lowest in more than a year as the U.S. government’s seizure of mortgage lenders Fannie Mae and Freddie Mac boosted the value of the dollar and reduced the appeal of bullion as an alternative asset.The U.S. currency traded near the highest level since October ...]
Gold Still Glitters While Sentiment Grows to a Bullish ExtremeSovereign Society, FL - 17 hours agoThis is a classic sign that the gold trade is getting overcrowded with bulls. Whenever sentiment in any market or sector gets this one-sid
Wed, 30 Jan 2008 12:49:27 GMT
Business Intelligence Middle East (press release), United Arab Emirates -Dubai's gold trade has also benefited considerably from the tight supply and strong demand fundamentals of the metal." Dubai is a long-established market ...
Collecting pieces of history: Man completes state quarters coin collection
Thu, 20 Nov 2008 04:23:00 +0000
Last month at the Merced Mall Ed Miranda completed a task he has worked on for the past three years.
“I said, ‘It finally came.’ I was jumping up and down and I almost forgot my bag of clothes that...
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U.S. Mint Director Rumors
The rumors have been flying fast and furious ever since Election Day: Who will be the next Director of the United States Mint?
The U.S. Mint Director's job is a...
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