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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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The South African Kruggerand gold coins are the world's first gold bullion coin minted for investment, the Krugerrand is believed to be the most widely owned bullion coin in the world. The Krugerrand's obverse, designed by O. Schultz, features the first President of the South African Republic, Paul Kruger. Due to Kruger's relationship with Apartheid, these coins are the least expensive of all the major gold bullion coins. Kruger is surrounded by the name of his nation in Afrikaans and English, two of South Africa's eleven official languages: SUID-AFRIKA � SOUTH AFRICA
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Given that gold is denser than almost all other metals, whether something is made of gold is extremely hard to fake. Simple determination of weight and volume should be sufficent. A coin that is the right size but is not gold, or has too much base metal, will be "light"; alternately, a coin that weighs right will be somewhat larger. (Platinum is unknown in ancient times; platinum is denser than gold, but since it is about twice as expensive, making a fake coin out of platinum would make no sense. In theory, fake coins could be made of uranium, but this does not appear to be a practical problem.)
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Remember, collectors may want old coins, but they expect those coins to look old. The toning and discoloration on most coins adds to their value. Not cleaning filthy coins may detract a little from their value, but poorly cleaning them can result in a permanent loss of most of it.
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Odyssey Discovers Two More Shipwreck Sites
Fri, 07 Nov 2008 21:35:53 +0000
Odyssey Marine Exploration has discovered two more shipwrecks in the north Atlantic Ocean, the company announced this week. The Florida-based underwater salvage company filed admiralty claims for exclusive salvage rights in Tampa federal court Wednesday and released a public statement Friday.
According to Odyssey, the two shipwrecks are steel-hulled, and as yet unidentified. ...]
Harmony confirms 80% of poweriAfrica.com, South Africa - 15 minutes agoHarmony Gold Mining confirmed that it was allocated a further five percent electricity supply on Tuesday following meetings with South African power utility ...HMYUpd
Wed, 30 Jan 2008 12:49:26 +0100
The Times, South Africa -By noon, the JSEA
s broader all share index had collected 1.1%, led by a 2.52% advance in the gold mining index. Resources were up 2.06% and the platinum ...
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To Hussein or not to Hussein? Facebookers duke it out - Los Angeles Times Blogs
Sat, 01 Nov 2008 00:51:00 GMT
It all started as a way to prove solidarity with Barack Obama and take a stand against people who associated the presidential candidate with terrorists because of his middle name ...
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Make sure the seller has a return policy that will allow you a refund if you are not satisfied with the coin. This is especially important if you are buying a non-certified coin. You want the option to return it if your grading service returns a lower grade than you bought it at.
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A banknote collection is an expression of its owner�s personal tastes and interests. There are no set rules regarding collecting themes; you can be as individualistic as you like. Some collectors specialize in notes from one country only - often their own. Some collect from groups of countries; British Commonwealth, Europe, or Africa, for example. Others collect notes from one period in history - WW2 for example. Others collect notes with some rare peculiarity, like those with printer�s errors. Some collect forgeries. The scope is limited only by your imagination. Many collectors start out just buying anything that happens to appeal. Some prefer to be more specialised. A specialised collection does have a unique appeal and can often be sold for more than the combined values of its individual components. However, the pitfall of becoming too specialised is that suitable material will be increasingly hard to find. But why not compile a specialised collection while simultaneously building a more general, free-style one?
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The Vienna Philharmonic gold coin is one the Austrian Mint first began producing in 1989 and it quickly became very popular. This coin was the best selling gold bullion coin in the world in 1992, 1995, and 1996 according to World Gold Council. Minted in 1-oz., �-oz., �-oz., and 1/10-oz. sizes, all Vienna Philharmonics are made from 99.99% pure gold. No alloyed metals are added. All coins are minted at the Austrian Mint AG, now a subsidiary of the Austrian National Bank. The Mint was established in 1194 and has remained in its current building since 1837.
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The ACCG Benefit Auction nets $45,811 in active bidding.
Wed, 20 Aug 2008 12:43:05 +0000
The ancient coin collecting fraternity supported its primary advocacy group with an impressive $45,811 in the Benefit Auction that closed today on Vauctions.com . The total topped a pre-auction estimate of $44,775. Coins and other items donated by collectors and dealers across the country and even from friends outside of the USA were sometimes fought ...]
“Brand New” Ancient Roman Gold Coins in Heritage January 2009 NYINC Auction
Thu, 23 Oct 2008 14:32:28 +0000
Rare and important Coin Medallion of Hadrian Augustus also headlines
A trio of exceptional coins from ancient Rome is being offered in Heritage Auction Galleries’ Signature® Auction of Ancient & World Coins to be held at the New York International Numismatic Convention, in New York City on January 4-5, 2009. The Heritage auction and the Convention ...]
4. What Mint marks have been used on the 40% silver coinage of the United States?
Rare coin saves house from foreclosure - WKYC
Wed, 29 Oct 2008 04:08:00 GMT
PARMA -- A Parma couple on the verge of losing their home to foreclosure made a rare discovery that saved their house. The couple, who did not want to be identified, brought an old ...
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Paper Money & Coin Collecting Info
England: Sovereign gold coins. The history of the first British Sovereigns stretches back to the beginning of England's Tudor era.
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Old U.S. Federal Reserve Notes, 1928, 1934, 1950, 1963, etc. Most circulated Federal Reserve Notes from more modern series are worth no more than face value. Some of the early series notes (1928 and 1934) do carry a small premium, although for circulated notes this premium is small, usually 10% to 30%. Premiums are higher as a percentage of face value for lower denomination notes, such as $5 and $10 bills, as opposed to the higher denomination $20s, $50s, and $100s. Uncirculated notes and Star Notes of some of the earlier series do carry a large collector premium in some cases, and we highly recommend the standard reference book in this field, the Standard Guide to Small Size U.S. Paper Money (1928 to date), by Dean Oakes and John Schwartz, for more information.
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BOWERS AND MERENA’S BRINGS MORE THAN 4,300 LOTS TO BALTIMORE IN NOVEMBER
Sun, 26 Oct 2008 11:12:18 +0000
Highlights Include Exceptional 1870-CC Double Eagle Rarity and One of the Two Highest-Graded 1802 Quarter Eagles, Along With a New Discovery 1795 Reeded Edge Cent
IRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, finishes strong for 2008 as Official Auctioneer of the Baltimore Coin and Currency Convention ...]
Baltimore Hoard: Gold comes out of the cellar and into the lore
Tue, 30 Sep 2008 05:41:00 +0000
My column several weeks ago chronicling the Depression-era story of two Baltimore youths, Theodore Jones, 16, and Henry Grob, 15, who turned up 3,558...
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Time running out to salvage $100M treasure from Portuguese shipwreck
Thu, 02 Oct 2008 16:35:00 +0000
All gold from Portuguese shipwreck to be recovered by deadline: ministry
LISBON (AFP) - All the contents of a 500-year-old Portuguese shipwreck...
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