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Another thing to remember, when looking through organized stock, is keeping the coins in the same order that the dealer has organized them in. Usually, U.S. coins will be in year order, with the individual Mint marks grouped together under each year. Sometimes dealers aren't too picky about the Mint marks as long as the years are in order. Whatever his filing system, always be respectful of this, and if you pull a coin out of the box to examine it, be sure you put it back in the proper place.
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On March 10, 1862 the first United States paper money was issued. The denominations were $5, $10, and $20. They became legal tender by Act of March 17, 1862. The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957 on $1 Silver Certificates, and on all Federal Reserve Notes beginning with Series 1963.
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Ebay has something great going for it: You can find a lot of great lower priced coins. What if you want to buy just one 1/10 gold bullion fractional coin. With the price of gold around $1000 per ounce, there is definitely a shortage of gold coins these days. If you go to your local shop, you might not be able to find what you want. I personally cannot find fractional Krugerrands anymore. If I go to a larger full service dealer, they're going to want a larger purchase. So what am I supposed to do if I want to make a small purchase and not have to buy several ounces of $1000 gold at a time? Ebay is a great solution. Ebay always has sellers who carry smaller fractional coins and specialize in smaller transactions. With low overhead, Ebay sellers can afford to specialize in small gold and silver coins that may not make economic sense for larger dealers. If you are a small time gold investor (or maybe a large time gold investor who wants to pick up a few smaller fractional coins), Ebay is the leader.
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3. How is the Federal Reserve Bank identified on a modern note?
Landmark Stack’s Sale Nets Over $20 Million!
Sat, 16 Aug 2008 14:46:35 +0000
On July 27-28, 2008, Stack’s conducted the sale of the Samuel J. Berngard and the Treasure Coins of the S.S. New York in a crowded auction room in the Pier 5 Hotel in Baltimore, Maryland. Everyone present, bidders and consignors alike, agreed that the sale was an unqualified success, with more than $20 million worth ...]
2. What is Queen Elizabeth wearing on her head in the portrait coins of Great Britain?
Coin Trivia for 29 Jul 2008
1. What two languages appear on the Fugio cent?
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When it comes to hand lenses, four or five powers of magnification seem to be the norm for many collectors. At these powers, an entire coin may be viewed all at once, which is especially useful when grading. Nevertheless, unless you are an experienced numismatist, you will not be able to see characteristics such as metal flow, die doubling, and counterfeit diagnostics on many coins when using minimal magnification. The micrograph shows the head detail of a genuine 1861-O CSA Obverse Seated half dollar. This view is close to what you would expect to see when using a 10� hand lens.
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There are four main reasons I recommend diversifying within your gold coin portfolio. First, let's look at the fun aspect. At the end of the day, one of the big reasons I invest in gold is because of the fun factor. The coins are just plain neat! Why would I want to own all of the same thing, when I can get a sample of all different types and sizes of coins? As a reward to myself as an investor and collector, I try to not always buy the same thing.
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Throughout time, from the Greek and Roman ages to more modern times, civilizations flourished with sound money. The gold coin has proved to be the time-tested answer for societies desiring economic prosperity. The alternative, fiat currency, has resulted in the demise of prosperous civilizations since Roman times. The word "fiat" means by government edict. It is simply impossible for a government to magically proclaim sound money and reliable purchasing power of wealth with paper currency. This fact prompts Americans to consider investing in gold coins.
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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 ...]
2008 U.S. Mint Silver Proof Sets Arrive August 26
Wed, 20 Aug 2008 20:52:59 +0000
The 2008 United States Silver Proof Set™ will be offered by the U.S. Mint Tuesday, August 26 at noon (ET). The 14 coin proof set carries the same $44.95 price tag as the 2007 sets, and no order limits are in place.
Each coin in the set bears the “S” mint mark, denoting they ...]
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Canada: Maple Leaf golf coins. Scotiabank is an official distributor of Canadian Maple Leaf gold and silver coins, which are prized as gifts of great beauty and value. The Maple Leaf gold coin is guaranteed by the Government of Canada to contain 99.99% pure gold. There is no bullion coin in the world today that is more pure.
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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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Coin Trivia for 5 Aug 2008
1. What was the initial year for the copper-nickel 5-cent piece?
Kagin’s Offers $5,000 Reward for Standish Barry Counter-marked Coin
Thu, 31 Jul 2008 16:26:43 +0000
A $5,000 finder’s fee reward is being offered by Kagin’s, Inc. of Tiburon, California for confirmation of the second known gold coin counter-stamped with the genuine hallmark of Baltimore silversmith, Standish Barry. The only coin now known with the hallmark is the unique 1735 imitation Lima 8 escudos that was found in the collection ...]
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