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Gold And Silver Coin Collecting Article Of The Month

Brief Numismatists News

Most fake silver coins are made from silvery metal alloys that weigh less than genuine silver. Weigh the coin in question; if the weight is wrong for the type, don't buy it! Even overweight coins are problematic, because they might be silver-plated lead.
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The usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily (telephone) meeting of representatives from five bullion-trading firms. Furthermore, there is active gold trading based on the intra-day spot price, derived from gold-trading markets around the world as they open and close throughout the day
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For most of history, coins were valued based on the precious metal they contain. Whether a coin is made by who it appears to be was of secondary importance compared to whether it contains the correct amount of metal, that is, right weight and fineness. Genuine appearance was simply a convenient shortcut to avoid time-consuming tests in everyday transactions.
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If you are keen on collecting old money you will probably know that a collector's item of old money is called fractional currency. I was really intrigued when I learnt that during the Civil War the United States began printing 50 cents, 25 cents, 15 cents, 10 cents and 5 cents paper money as they run short on change. Now such weird banknotes are highly desired by any true collector.
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gold bullion coins buy sell News From Around The World

3. What type of federal note was declared illegal to own in 1933?

Sale of Old Coins Irks Archaeologists

Thu, 07 Aug 2008 18:14:16 +0000
“Some archaeologists are piqued that genuine ancient coins are being sold in a benefit auction to preserve collectors rights,” says Wayne G. Sayles, executive director of the Ancient Coin Collectors Guild ( http://www.accg.us ).
In a recent post online, one archaeologist likened the private collecting of ancient coins to the slaughter of African elephants. ...]

Coin Dominoes

Fri, 20 Apr 2007 04:03:00 +0000

July 2008 Baltimore ANA Signature and Platinum Night Auction Passes $40 Million

Tue, 05 Aug 2008 18:14:39 +0000
Dallas, TX. Heritage Auction Galleries has set the record for the most valuable ANA Auction ever! Significant and classic rarities from all series in American numismatics, most of them offered in the Platinum Night catalogs, smashed the previous record of $27.7 million set last year at the Milwaukee ANA event. The auction was held in ...]

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