Coins And Currency Collecting Info Site: Oct 14, 2008

Tuesday, October 14, 2008

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The Kangaroo gold coin was first produced in 1986. The Australian Gold Nugget/Kangaroo coin is one of the most popular coins created by the Perth Mint in Western Australia. Perhaps the most diverse of any nation's bullion coinage, the Gold Australian Nugget/Kangaroo is minted in eight different sizes from 1/20th of an ounce all the way up to 1-kilogram. The design on the reverse originally depicted natural Australian gold nuggets (example right), with different designs for various sizes. The design theme changed in 1989 to feature the most recognizable animal in Australia, the kangaroo (example above). For this reason, the coin is referred to both as an Australian Nugget and Kangaroo.
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If you buy gold coins on Ebay using Pay Pal, your item may be insured meaning you get your money back if it never ships or is a fake. You can learn more about Pay Pal's insurance here. This helps with peace of mind and I would make sure your auction is covered. Another way to get insurance and guarantee peace of mind: Ask the seller to prove the authenticity of their gold. Maybe they can provide you of a receipt from when they bought the gold. In general, it's good to keep receipts and keep track of your purchases so you can prove their authenticity.
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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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If you do decide to clean your old coins they are best cleaned with soap and a soft cloth or you can use Vaseline or olive oil and a Q-tip. These methods can remove dirt and grime while not scratching the surface. Because gold is inert, it does not tone when it comes in contact with oxygen and so a simple surface cleaning will not usually change the coin's appearance. Silver coins, including pre-1965 half dollars, quarters and dimes, will retain the same toning (good or bad), as this kind of cleaning does not remove the surface layer, but it may remove dirt, grime, and some oils from the surface of the coin.
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$500 Million in Colonial-Era Shipwreck Treasure Gold and Silver Coins

Fri, 18 May 2007 19:32:00 +0000

BEP Prints 643.2 Million Notes Worth $4 Billion in September

Mon, 06 Oct 2008 17:42:31 +0000
The U.S. government printed less money in September compared to August, according Bureau of Engraving and Printing (BEP) figures released on Friday.
643,200,000 U.S. banknotes were manufactured last month worth $4,028,800,000. That compares to 667.5 million notes worth $10.5 billion in August.
While the production pace was just slightly down with some 24 million ...]

Coin Trivia for 22 Jul 2008

1. Which direction is the eagle flying on a Standing Liberty Quarter?

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