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The US $20 gold coin ("double eagle") has raised lettering around its rim. If the coin is uncirculated, the letters will be flat on top. If slightly rounded, and the coin is uncirculated, it is a counterfeit. However, some counterfeits do not have this defect. There are other counterfeit double eagles in which the gold and copper alloy was not thoroughly mixed. These counterfeits will have a slightly mottled appearance.
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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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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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Today, like all investments and commodities, the price of gold is ultimately driven by supply and demand, including hoarding and disposal. Unlike most other commodities, the hoarding and disposal plays a much bigger role in affecting the price, because most of the gold ever mined still exists and is potentially able to come on to the market for the right price. Given the huge quantity of hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production.
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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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4. Is an indented error an example of planchet, die or striking error?
Increase camera surveillance systems to include DVR real-time recordings which are kept in a safe-type enclosure and can be reviewed in the event of a problem.
How do you value a truly rare coin anyway?Sun, 09 Dec 2007 04:21:00 +0000
A few days after my recent post on the difficulties of valuing my unique mint state 1860-O $20 gold double eagle, a similar article appeared on this topic by coin dealer Rusty Goe. His article...
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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 ...HMYUpdWed, 30 Jan 2008 12:49:26 GMT
The Times, South Africa -By noon, the JSE�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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Flight of Gold $5 Half Eagle Turbulent
Fri, 02 Jan 2009 23:15:00 +0000
The flight of the half eagle or gold $5 lasted more than a century, but it ran into plenty of turbulence along the way. Speculators melted or exported most of the pre-1834 gold $5s. A new gold...
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Odyssey Marine Exploration Asserts Position in $500 Million Shipwreck Treasure from Black Swan SiteThu, 20 Nov 2008 04:24:00 +0000
TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (Nasdaq:OMEX - News), the world leader in the field of deep-ocean shipwreck exploration, yesterday filed its Response to Spain’s Motion...
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Typically, collectors will use an adequate reference book to find the note they want. Then, they look through the many price lists they might have to find a dealer who offers the same note in an acceptable condition for an acceptable price. Lots of dealers put parts of their price lists in Bank Note Reporter ads. The collector then either calls or faxes the dealer with a credit card number or send a check in the mail.
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One of the best ways to arm yourself against the savvy coin dealer is knowing the wholesale prices he pays for his coins. A very widely-used standard in U.S. coins is the "Grey Sheet," sometimes referred to as the "CDN." This is the Coin Dealer Newsletter, which is printed on grey paper stock, and comes out weekly. Most serious coin dealers subscribe to this publication, which lists the "bid" and "ask" values for every major type of U.S. coin, plus mint sets, slabbed coins, and banknotes (called the "green sheet.") "Bid" prices are the prices that dealers are paying if another dealer brings the coins to them. "Ask" prices are the prices for coins a dealers asks to buy. For example, if I call and ask to buy 100 common date Silver Eagles, I'll be quoted the "ask," or selling price. But if I want to sell the 100 Silver Eagles, I'll be quoted the "bid" or buying price. The difference between the two prices is the profit margin. It is quite thin for most coins.
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Although some of these U.S. paper money notes carry more of a premium than others, most $2 and $5 Red Seals that are seen are circulated notes from common series that carry very little premium over face value. All $1 Red Seals are scarce and are quite valuable in higher grades, while $100 Red Seals (although relatively modern) carry a premium of 20% to 40% even in circulated condition. Again, there are several scarce issues among these notes, and we recommend 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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New State Quarters Program Awaits Signature
Update: The National Parks Quarters bill was signed into law on Dec. 23, 2008.
Coin World is reporting in its Dec. 29 issue that the National Parks Quarters program (HR...
RARE NEW DISCOVERY 1795 REEDED EDGE CENT REALIZES $402,500 IN BALTIMORE
Mon, 15 Dec 2008 12:14:53 +0000
Bowers and Merena Auctions, America’s leading rare coin and currency auction house, wraps up 2008 with their final auction of the year, the Official Auction of the Baltimore Coin and Currency Convention held November 18-22, 2008, at the Baltimore Convention Center. The auction realized a total of $6,280,880.
The undisputed highlight of the auction was ...]
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“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 ...]
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