Headline News- Coins And Paper Money Collecting Megablog

Learn all about currency collecting with hints and tips

Tuesday, November 18, 2008

gold us coins Information

Numismatists Article Of The Month



Additional Numismatists Info

Let's look at the doomsday scenario of investing. Many investors, myself included, hold gold because it is a great store of value. If our economy ever goes under (I sure hope it doesn't), gold and silver coins will be used to pay for goods and services. I sure want to hold different denominations and types of coins because not all goods and services cost the same amount. The smaller 1/10 ounce gold coins are the best for this scenario because they can be used to pay for smaller purchases. Silver coins are also really important under this scenario.
Buy u.s. mint silver dollars in our Silver Dollars Galore store.

Most U.S. $2 Federal Reserve Notes from 1976 and 1995 are worth no more than face value. Original packs from the Bureau of Engraving and Printing carry a premium, as do Star Notes which typically sell for $10 to $20 in Uncirculated condition for the common district banks. Star Notes from the Kansas City and Minneapolis district banks (I-* and J-* notes) are very scarce, and sell for more than $100 in Uncirculated condition.
Buy cheap Morgan silver dollars for a great investment.

To date, only four "real" women have been featured on circulating U.S. notes and coins, all others have been fictionalized representations of "Liberty." Susan B. Anthony and Sacagawea have been honored on coins. A portrait of Martha Washington graced the series 1886 and 1891 $1.00 Silver Certificates. The first, First Lady was also featured, along with her husband George, on the series 1896 $1 Silver Certificate. This bill is part of a group of notes that are often referred to as the "Educational Series." These early, large size notes display beautiful engravings and are highly sought after by collectors.
Buy silver dollars for a great investment.

Your Latest five dollar gold coins News

Making money whole again - When dollars get damaged, all is not lost

Wed, 05 Nov 2008 16:19:00 +0000
There's no magic cure for money lost in the stock market, but if the cash you buried in the backyard or stashed under your mattress gets damaged, there's help at hand.

The U.S. Treasury Department's Bureau of Engraving and Printing operates a Mutilated Currency Division where workers meticulously piece together millions of dollars of U.S. banknotes that are partially destroyed in floods, fires or other calamities.

"Any currency that is mutilated, it's been damaged in some way, it's been burned, buried, we've got specialists on board who undergo a six-year training period" to put the money back together, said Len Olijar, chief financial officer at the Bureau of Engraving and Printing.

The department receives between $50 million and $70 million worth of mutilated money every year. Of that, technicians are able to reconstruct and redeem more than $30 million.

It's usually money people have put away for safekeeping. Often, it's been sitting untouched for years. That's part of the problem: People stash their cash in all the wrong ways.

Olijar and his technicians have seen . . .

Full story at: Link



U.S. Government Prints 608 Million Notes Worth $14.1 Billion in October

Mon, 17 Nov 2008 15:23:52 +0000
The U.S. government in October printed fewer banknotes that were worth much more compared to its September output, according to Bureau of Engraving and Printing (BEP) figures released on Wednesday.
608,000,000 banknotes were produced last month valued at $14,131,200,000. In contrast, the BEP printed 643.2M Notes Worth $4B in September.
The biggest accounting ...]

Odyssey Marine Exploration sees calm seas ahead after 2 more shipwreck finds

Fri, 14 Nov 2008 17:03:00 +0000
TAMPA - Odyssey Marine Exploration, the company that recovered a sunken treasure worth an estimated $500 million from the Atlantic Ocean last year, said late Monday it lost $6.5 million, or 13 cents a share, in the third quarter.

The treasure won't be reflected in Odyssey's financial results until ownership of the loot — 17 tons of colonial-era coins — is determined by a federal court in Tampa. Odyssey could be ordered to return the coins to Spain, which has claimed ownership of the entire haul.

Executives attributed the loss to fewer coin sales and $6.1 million in operating and research expenses related to the search and development of several sunken shipwrecks.

Last week, Odyssey said it found two more shipwrecks near the English Channel and that both are "beyond the territorial waters" of any nation.

"All in all, we are in great shape as we move into the final quarter of 2008," said Odyssey CEO Greg Stemm.

Despite the quarterly loss, revenue rose 69 percent to $2.2 million compared with the same quarter last year.

The increase in revenue stems from a $1.4 million payment from the Discovery Channel, which plans to broadcast 11 episodes about Odyssey's deep-sea adventures beginning early next year.

For more than a year, Odyssey has been tangling with . . .

Full story at: Link



|

Labels: