Currency Collecting-Everything You Need To Know Blog: Aug 22, 2008

Friday, August 22, 2008

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There are well made counterfeit gold coins in circulation. For example, the Saint-Gaudens Double Eagle omega counterfeit is infamous for its complexity; and has fooled many numismatics experts. It is a high relief business strike, and due to the extensive wear on the die, these coins were not made for many years. For poor counterfeits, a good scale can usually tell if it's counterfeit or not; however, there are many well made counterfeited ancient coins that not only use gold, but the correct amount as well.
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On my list of "do not buy" coins is those from the Franklin Mint and other premium collectibles mints (such as the Bradford Exchange, etc.) They are aggressive marketers who do sell genuine bullion coins (sometimes) but their coins usually do not have any after-market value among coin collectors and investors. You'll typically pay $45 plus for a one ounce silver coin that is only worth the value of its silver bullion when you go to sell it. (Silver bullion is at about $19 an ounce as I write this.)
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A banknote collection makes a powerful conversation piece which rarely fails to arouse interest and admiration. Even an inexpensive collection makes a fabulous display of some of exquisite pieces of printing and graphic design. An exceptional amount of work and skill goes into the design of banknotes by artists and engravers of outstanding skill and talent. The design and manufacturing process is a field of study in itself - but many of the methods used are shrouded in secrecy to make forgery difficult. Nevertheless, forgeries do occur and these are often worth more than the genuine article to collectors!
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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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1928 U.S. Gold Certificate $10, $20, $50, $100, $500, and $1,000 bills are all legal to own, and all are highly collectible. The $10 and $20 notes are typically worth from twice face value to $100 or more depending on condition, while the $50 and $100 notes are more valuable. $500 and $1,000 Gold Certificates are scarce and we recommend consultation with one of our currency experts if you possess one of these notes.
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All The Latest News From The gold coins for sale World

The First $2 Note Ever Printed

Fri, 22 Aug 2008 06:49:51 +0000
Heritage Auction Galleries will offer the very first $2 note ever printed by the U. S. Government in their upcoming Long Beach Currency Signature Auction, to be held September 17-19, 2008.
This first of a kind, Serial Number One note is a true miracle of survival, and has obviously spent countless hours, days and years ...]

3. What date of Washington quarter has light and heavy motto varieties?

Coin Trivia for 22 Jul 2008

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

Labels: how much are silver dollars worth | how to clean silver dollars

mexican silver dollars Information

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Preserve gold bars and bullion coins in the original mint packaging. Since it is soft, mint-fresh gold is easily subject to scratches from rough surfaces. Careful handling and preserving can go a long way in getting the best price during a resale.
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After many revisions, the Great Seal became the national emblem in 1782. The back of the current U.S. $1 Federal Reserve Note displays images found on both sides of the seal. The obverse of the seal is found on the right side of the note and was designed by Charles Thomson. A bald eagle holds an olive branch with 13 leaves in one talon and arrows (the traditional American Indian symbol of war) in the other. The eagle is facing the olive branch to signify that peace is preferable to war. Written on the ribbon above the eagle's head is the national motto in Latin "E PLURIBUS UNUM," meaning "one from many" or one country composed of 13 states. The 13 stars, leaves, letters and stripes denote the 13 original states or the Continental Congress. The reverse of the seal, located on the left, was submitted by William Barton and displays a pyramid, a symbol of strength and permanence, however the structure was left incomplete, just as the United States continues to grow and build. The eye in the triangle overlooking the pyramid suggests the "all-seeing Deity" emphasizing spiritual welfare, while also recognizing education and freedom of knowledge. The Latin phrase "ANNUIT COEPTIS" translates "He (God) has smiled on our undertakings." The mottos have 13 letters, and there are 13 steps on the pyramid. "NOVUS ORDO SECLORUM" means "A new order of the ages." The date at the base, 1776, refers to signing of the Declaration of Independence on July 4, 1776.
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Central banks and the International Monetary Fund play an important role in the gold price. At the end of 2004 central banks and official organizations held 19 percent of all above-ground gold as official gold reserves. The Washington Agreement on Gold (WAG), which dates from September 1999, limits gold sales by its members (Europe, United States, Japan, Australia, Bank for International Settlements and the International Monetary Fund) to less than 400 tonnes a year. European central banks, such as the Bank of England and Swiss National Bank, have been key sellers of gold over this period.
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The Latest red hook silver dollars News

Canadian Numismatic Association To Hold Convention in Ottawa July 17-20th

Mon, 14 Jul 2008 04:19:41 +0000
The 2008 CNA Convention will take place this week starting on Thursday the 17th and running through Sunday the 21st.
The annual event will take place at the Crowne Plaza Hotel 101 Lyon Street, Ottawa, Ontario K1R 5T9
Ian Bennett, Master of the Royal Canadian Mint will be attending the opening of the bourse at 10:00 on ...]

Tracking Michael Phelps, Katie Hoff, Carmelo Anthony and all things ... - Weblogs.baltimoresun.com

Tue, 19 Aug 2008 00:53:00 GMT
I supposed it was inevitable. Michael Phelps is so dominant in the swimming pool that there’s already a site packed with snarky hyperbole in his honor. A sampling from ...

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There is a good way to diversify in gold coin investing: by date. When you start getting into date and buying older coins, you get into the realm of numismatics. Once you have a solid bullion collection of coins, old and rare coins can definitely help your diversification cause. One great way to do this is to throw a few $20 gold Saint Gaudens double eagles in your portfolio, the most beautiful gold coin of all time. However, the topic of numismatics is a little beyond the scope of this article which is all about diversifying your bullion coin collection.
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Although central banks do not generally announce gold purchases in advance, some, such as Russia, have expressed interest in growing their gold reserves again as of late 2005. In early 2006, China, which only holds 1.3% of its reserves in gold, announced that it was looking for ways to improve the returns on its official reserves. Many bulls hope that this signals that China might reposition more of its holdings into gold in line with other Central Banks.
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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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Most U.S. $2 Federal Reserve Notes from 1976 and 1995 are worth no more than face value. Original packs from the Bureau of Engraving and Printing carry a premium, as do Star Notes which typically sell for $10 to $20 in Uncirculated condition for the common district banks. Star Notes from the Kansas City and Minneapolis district banks (I-* and J-* notes) are very scarce, and sell for more than $100 in Uncirculated condition.
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There are well made counterfeit gold coins in circulation. For example, the Saint-Gaudens Double Eagle omega counterfeit is infamous for its complexity; and has fooled many numismatics experts. It is a high relief business strike, and due to the extensive wear on the die, these coins were not made for many years. For poor counterfeits, a good scale can usually tell if it's counterfeit or not; however, there are many well made counterfeited ancient coins that not only use gold, but the correct amount as well.
Try buying gold coins in our store. You will love the price!

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