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Sunday, November 30, 2008

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Gold & Silver Coin Bullion News

Gold accounts can be started with major banks. Typically those speculating in gold usually resort to this sort of account with commodity brokers or private bankers.
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Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.
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The most common luster seen on United States gold coins, especially those from the 19th century, is frosty in texture. Frosty luster can be extremely attractive. I would describe it to the new collector as having a hard look and it is most associated, in my experience, with coins produced at the Philadelphia and San Francisco mints.
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As a general rule, the more common a gold coin is, and the lower grade the coin is, the higher the profit margin (expressed as a percentage of the selling price) for the dealer must be. The reason for this is that low-grade, common coins are harder to sell. Another reason for this difference is dollar value. If a dealer buys a common date, heavily circulated 1940 Wheat Cent from you, he might pay you 2 cents for the coin and sell it for 5 cents, making a greater than 100% profit (but still only 3 cents!) But if he buys a key date, heavily circulated coin, such as a 1931-S Wheat Cent in Good (G-4 grade), he might be able to pay you $50 for it, even though he will make only a 20% profit when he sells it for $60. The difference here is that the 1931-S is likely to sell much faster than the 1940 Cent, plus the dollar value involved in measurable.
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Your Latest rare silver dollars News

Monetary System Bailout - A Historical Perspective

Wed, 24 Sep 2008 11:38:23 +0000
By Tim Shuck for CoinLink
Political favoritism, incompetence, corporate greed — phrases right out of news headlines regarding the current financial crisis. It would be easy to believe that the present situation is unique, unprecedented in our history, but that is likely not true. From 1893 to roughly the end of the century there was another ...]

Finding Treasure in Ohio House's Walls, and Reaping Grief

Sun, 09 Nov 2008 22:33:00 +0000
(Just last month I wrote about a discovery my brother found in his house. (Click here) With the economy the way it is, wouldn't it be nice if we could all find hidden treasure. What's hidden in your...



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These Coins Made History - NumisMaster.com

Wed, 12 Nov 2008 05:06:31 GMT

These Coins Made History
NumisMaster.com, WI - Nov 11, 2008
The San Francisco Mint struck its first silver dollars in 1859. AG Heaton, in his booklet "Mint Marks, "characterized the 1859-S dollar as rare, adding, ...


2009 Abraham Lincoln Silver Dollar Coin Designs Revealed

Wed, 19 Nov 2008 19:01:45 +0000

Commemorative 2009 Abraham Lincoln Silver Dollar Coin designs were revealed by the United States Mint on Wednesday during the annual Dedication Day Ceremony at Soldiers' National Cemetery in Gettysburg, Pennsylvania. The silver dollar will join four newly designed circulating pennies to celebrate the bicentennial of Lincoln's birth in 2009.


2009 Abraham Lincoln Commemorative Silver Dollar Coin Designs


The ceremony occurred on the 145th anniversary of the dedication of Soldiers' National Cemetery, where Abraham Lincoln delivered his historic Gettysburg Address in 1863 and also where United States Mint Deputy Director Andrew Brunhart unveiled the commemorative Lincoln coin designs to the public.

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