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In 1955 U.S. Congress expanded the earlier law that stated that the motto "In God We Trust" could be placed on all U.S. coinage to one that required the motto to be placed on all coins and paper money. However, "In God We Trust" did not actually appear on U.S. paper money until after 1957. Since paper money is not dated yearly, but by series numbers that are based on changes in style and design, Series 1935G and 1935H Silver Certificates bear the motto because they were produced after 1957.
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Bullish investors may choose to leverage their position by borrowing money against their existing gold assets and then purchasing more gold on account with the loaned funds. In order to keep the cost of debt to a minimum, these individuals would normally seek a loan in the currency with the lowest borrowing rate, which, as of April 2006, was the Japanese yen. This technique is referred to as a "yen-gold carry trade". Leverage may increase investment gains but increases risk, as, if the gold price decreases, the investor may be subject to a margin call. Leverage is also an integral part of buying gold derivatives and unhedged gold mining company shares.
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In general, I highly prefer giving bullion coins as gifts for two main reasons. First, bullion is cheaper. I'm usually on a very limited gift budget and expensive rare coins are just not an option for me. Second, unless you are giving a gift to a seasoned coin collector, the average person will not know or deeply appreciate the difference between bullion and numismatics. In introducing someone to the world of gold, bullion is great. Moreover, many bullion coins these days such as American Eagles and Canadian Maple leafs are truly beautiful coins. Get a mint brand new bullion coin and you will be giving away a valuable and beautiful gift.
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If numismatists - those expert in coin collecting and valuation � agree on one thing, it's that coins should never be cleaned. Every coin dealer has horror stories about a non-collector who comes into his shop with a box of shiny old coins. Most of the time, the coins have no numismatic (collector) value at all; they are just old but common coins. But occasionally, a rare former beauty is found in the mix. It's a former beauty because whatever value it once had has been scraped off by an excited finder and a jar of silver polish. The coin, which might have been worth hundreds or thousands of dollars, is now all but worthless.
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A set of high-magnification hand lenses is an invaluable tool for numismatists. However, magnification of 10� and up is only recommended for spotting signs of counterfeiting. Skip Fazzari offers these tips and more.
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More us paper money sets Info
Pay cuts won't fix sick auto industry, CAW says - Globe and Mail
Thu, 27 Nov 2008 22:39:00 GMT
You beat me to it... If the Unions won't do their part... There is NO WAY that Canadian taxpayers should be expected to... Any plans for a bail out SHOULD definitely be cancelled ...
BEP Launches Series 2004A $10 Note Subscription Program
Tue, 25 Nov 2008 18:07:15 +0000
Paper money collectors can enjoy peace of mind with guaranteed receipt of all 12 “We the People - Series 2004A $10 Collection” notes by joining the Bureau of Engraving and Printing’s (BEP) newly launched subscription program for $359.40.
In addition to the guarantee, collectors will save $60.60 off the cost of purchasing each of the ...]
Coins from The Bradford Exchange?
Wed, 30 Jan 2008 05:45:00 +0000
After having a good laugh from watching the recent George Bush coin video, I had to share another funny video on The Bradford Exchange even though it isn't directly about coins. I can justify placing...
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