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The universe of coins and currency is one of the greatest portals to history available to the intelligent collector. Money has always been one of the most important things in society: it represented a store of value, provided news and propaganda and was an integral part of everyday commerce. The ability to own and collect old coins and paper money allows the collector to truly hold history in his hands, to transport himself to another time and place, and to cherish his own museum quality items.
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One of the most common hobbies is collecting money. Many people have enjoyed this activity for decades and money collecting is thriving even today. As a hobby, collecting money means collecting old money. Otherwise, we are all trying to collect money before the bills come. However, do you know how many people collect old money, antique notes and coins from previous decades and even centuries?
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Krugerrands are the best known of all the modern one ounce gold bullion coins, and are more readily available in greater quantities and can generally be bought at lower prices than any other one ounce bullion coins. They are not especially attractive, when compared to sovereigns and they do not possess much in the way of historical interest. But what they do have is consistent high production quality and they are a cost effective way for small investors to buy gold.
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It is pretty evident that a lot of old money has significant value nowadays. It is true that casual collectors cannot afford to have any authentic old money and notes from the 1800s and early 1900s as their value and consequently price are too high. That's how collecting souvenir cards are becoming more and more popular. Having them you can collect a piece of history without actually paying a high price for it.
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Those Wonderful Small Dollars!
Every once in a while, I come across a coin related site that is just so well-done and fascinating that I am eager to share it with everyone I talk...
3. How is the Federal Reserve Bank identified on a modern note?
Gold Drops Below $900 as Oil Weakens and Dollar Gains
Tue, 05 Aug 2008 22:13:02 +0000
New York gold and silver fell Tuesday following a decline in oil prices and strength from the U.S. dollar. Platinum recovered some of its Monday losses.
Oil lost more than $2 to close to $118 a barrel. Reuters’ Jan Harvey wrote that traders "focused on rising OPEC supply and easing demand in the ...]
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As with stocks, gold investors may base their investment decision partly on, or solely on, technical analysis. Typically, this involves analyzing chart patterns, moving averages, market trends and/or the economic cycle in order to speculate on the future price.
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The U.S. star or replacement note displays a star as a suffix on Federal Reserve notes. A star is used to replace defective notes found during the inspection process at the Bureau of Engraving and Printing. Since the highest number that can be printed by an eight-digit numbering cylinder is 99,999,999, a star has been used to denote the 100,000,000th note off the press. Historically, star notes hold a value slightly higher than the legal-tender value, with the amount dependent on condition and denomination
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Buy the scarcest coin in the best condition that you can afford. Many collectible gold coins sell near the melt price of gold because there are more than enough around to cover demand. When gold increases or decreases in value, these coins will follow. But the higher the grade, the lower the population and demand will push up the price rather than just following the price of gold.
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In October 4, 2007, David Albanese (president of Albanese Rare Coins) stated that a $10 - 1804-dated Eagle coin (made for President Andrew Jackson as a diplomatic gift) was sold to an anonymous private collector for $5 million.
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Typically, collectors will use an adequate reference book to find the note they want. Then, they look through the many price lists they might have to find a dealer who offers the same note in an acceptable condition for an acceptable price. Lots of dealers put parts of their price lists in Bank Note Reporter ads. The collector then either calls or faxes the dealer with a credit card number or send a check in the mail.
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Dubai gold trade increases 29%Emirates Business 24/7, United Arab Emirates - 9 hours agoby Staff Writer on Sunday,January 27,2008 The total gold trade through Dubai reached $19.03 billion (Dh70bn) in 2007, an increase of 29 per cent fr
Sun, 27 Jan 2008 14:02:15 +0100
Trend News Agency, Azerbaijan -Gulf ) - The total gold trade through Dubai reached $19.03 billion in 2007, an increase of 29 per cent from 2006, according to a statement by Dubai Multi ...
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Secrets of Olympic Medal Minting
Fri, 08 Aug 2008 12:27:28 +0000
All the 6000 medals for the 2008 Olympics Games have arrived in the capital from the Shanghai Mint, ready for their debut on August 8. For the first time in Olympic history, the medals for the Beijing Games blend metal and jade.
Inlaying jade
The Shanghai Mint, under the China Banknote Printing and Minting Corp, works mainly ...]
NGC-Graded Coin Brings $5M
Fri, 05 Oct 2007 21:20:02 +0000
Highest Price in History for Certified Gold Coin
An 1804 $10 Gold piece recently sold for $5M, the highest price ever paid for a certified gold coin. The coin was graded by Numismatic Guaranty Corporation, and is the finest known of certified examples. Another famous example of this coin is part of the King of Siam ...]
TWO-BITS, FOUR-BITS, SIX-BITS, EIGHT…
Sun, 15 Jun 2008 11:46:24 +0000
by Leon F McClellan as published on columnarios.com
Have you ever wondered why a United States quarter-dollar is called “two-bits”? Or, a half-dollar “four-bits”? Do you know why we call our basic monetary unit “dollar” instead of something else?
Two-bits, four-bits, six-bits and eight-bits make reference to the eight-reales silver coin of New Spain and Mexico. It ...]
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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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In 2007 the Canadian Mint produced a 100 kg gold coin with a face value of $1,000,000, though the gold content was worth over $2 million at the time. It measures 50 cm in diameter and is 3 cm thick. It was intended as a one-off to promote a new line of Canadian Gold Maple Leaf coins, but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3 2007 there were five confirmed orders. Austria had previously produced a 37 cm diameter 31 kg gold coin with a face value of �100,000 ($153,000).
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You hear the same advice time and time again: Diversify your portfolio. Today I'm going to make the case for something new in the world of diversification, taking the concept to the next level. I propose that you should not only diversify you overall portfolio of assets, but look at your gold bullion coin portfolio as its own world. Within this world of gold bullion coins, I suggest diversifying like crazy! Make sure you have all the popular sizes (tenth ounce, quarter ounce, half ounce, one ounce) and also popular styles (American Eagle, American Buffalo, Canadian Maple Leaf, South African Krugerrand, with a few more thrown in too).
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A second big category of damage type we see on coins is fingerprints. The oils and acids present on one's hands can damage coins if left on the surface of the coin for an extended time. Initially, they can cause a fingerprint pattern toned area that is unattractive and lowers the value and grade of the coin. Left unattended, these oils and acids can eventually etch the surface of the coin making the fingerprint permanent. Even handling coins by their rims still allows the dangerous compounds onto the rims of the coins. Using a pair of soft cotton gloves when handling raw coins helps protect all three surfaces of the coins. Make sure you get a pair of thin gloves so that you can still feel the coin. Bulky work gloves make it harder to handle small items and increases the risk of dropping the coin.
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silver certificate dollars News From Around The World
Next up, John Adams Dollars
Wed, 28 Mar 2007 02:56:00 +0000
Treasure hunters’ delight at the discovery of Roman coins bounty
Wed, 30 Jul 2008 20:35:43 +0000
THREE treasure hunters have unearthed 62 Roman coins which date back 1,700 years.
Adam Staples, Lisa Grace and her 14-year-old son, Tom Grace –- out with his metal detector for the first time – made the discovery on land near Stanton-by-Bridge.
The trio, from Derby, were scouring the soil when their equipment began to beep.
Mr Staples scooped ...]
