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Wednesday, December 03, 2008

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More Gold & Silver Coins Info

Gold bullion coins usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes. Most countries have one design that remains constant each year; others have variations each year, and in most cases each coin is dated. A 1/10th oz bullion coin is about the same size as a U.S. dime. A 1 oz. gold bullion coin is about the size of a U.S. half dollar.
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After adoption of the Constitution in 1789, U.S. Congress chartered the First Bank of the United States untill 1811 and authorized it to issue paper bank notes to eliminate confusion and simplify trade. The bank served as the U.S. Treasury's fiscal agent, thus performing the first central bank functions.
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Probably the best way to start collecting paper money is to subscribe to Bank Note Reporter. It's a sort of monthly newspaper for paper money collectors and not only does it carry all the latest news about new issues, currency changes, etc., it also has advertising from a very large number of dealers and it lists paper money shows in the US and around the world. BNR offers free samples to anyone (not just in the USA). Subscriptions run about 30 dollars for 1 year (around 40 dollars outside the US). It's a very good source of information.
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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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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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presidential gold coins News

Ethics, Law and Globalization

Sat, 29 Nov 2008 02:00:19 +0000
By Wayne Sayles - Ancient Coin Collecting Blog
One view in archaeology today is that private citizens of any given country have an ethical responsibility to preserve the cultural heritage of all countries. The foundation for this view seems to be that cultural property protection requires a global effort. In 1970, the United Nations Educational, Scientific ...]

Obama Confident, but He'll Need Time - Street.Com

Wed, 26 Nov 2008 19:34:00 GMT
Confidence -- you either have it or you don't. It can't be bought, borrowed or faked. And President-elect Barack Obama certainly has given the country an economic team worthy of ...

New Dollar Coin Emails Misinform

Wed, 07 Mar 2007 18:08:00 +0000
There have been a couple of different versions of emails floating around the internet lately claiming that the National Motto "In God We Trust" has been omitted from the new dollar coins.



Here is...



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New Coins to feature George Bush dubloon, among others!

Wed, 16 Jan 2008 18:11:00 +0000
I enjoyed this coin video so much that I had to share it. It is very funny.

Click the video twice to start it.





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