Paper Money & Coin Collecting Info
After the US Civil War (1865-1935), the US government created charters for private banks to print paper money which was backed by the US Government. There were a very large number of national banks chartered from all over the USA (e.g. Nashville, Tennessee; Key West, Florida; Bismarck, North Dakota; L.A., California). Many people collect "nationals" and the prices have gone up substantially (to around the 150 dollar level on average).
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After the Japanese attacked Pearl Harbor in 1941, the U.S. Government issued specially marked notes for circulation only in Hawaii as an economic defense measure in case of an invasion. After August 15, 1942, it was illegal to hold any other currency on the islands without a special license. If the feared invasion did occur, the government could easily declare the specially marked money valueless.
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The first rule is � no matter the coin � never use harsh abrasives like silver polish. Abrasives scrape the top layer off of whatever they are polishing, and in the case of a coin, that top layer contains all of its detail and hence its numismatic value. Polishing in this way will leave the surface of the coin covered with tiny pits and scratches, not exactly conducive to preserving the coin's value. If you clean the coin using an abrasive, you'll get a shiny coin, but it will not be a coin that collectors are interested in. To see for yourself, try it on a penny, especially one from before 1982 (when they were 95% copper). The coin will be shiny and clean, but if you compare it to a similar coin, you will see that it also looks unnatural. Shiny, yes, but it will not look like it looked naturally when it was minted. Collectors eschew coins that don't look natural.
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The investment potential of banknotes has been evident over the years. Some items have seen a growth in value of 10,000% since the end of the last war! American Confederate States notes, for example, could then be bought for about 25c each in the USA. Now, they are hard to find for 100 times that amount. Even the indiscriminate collector can expect profit in the long-run, for most banknotes tend to rise in value. Scarcity and demand are the chief factors that govern market values, and banknotes are only produced in limited numbers, so when production of each note ceases, the existing examples can only become increasingly scarce and therefore increasingly valuable.
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The Latest hungarian gold coins News
4. What was the second issue price of the 1983-S Proof Olympic silver dollar?
1999-W 1/10th Eagle $5.00 Gold Matte Finish Error or Variety?
Sat, 20 Sep 2008 15:41:44 +0000
By Ken Potter - NLG - CoinLink Content Partner
Some time ago a fellow sent in an error-variety coin with some very interesting questions. He said: “I have a 1999-W $5.00 Gold 1/10th Eagle that was struck by the Mint with an Uncirculated Matte Finish instead of the intended Proof finish for the West Point ...]
Huntington Collection to be sold by Hispanic Society of America
Sat, 09 Aug 2008 19:03:03 +0000
Spanish Coins Face Stealth Sale by Secret Museum, Frank Lorenzo Is Said to Change Hispanic Society of America
Byline: Matthew Russell Lee of Inner City Press, in NYC: News Analysis
NEW YORK, August 6 — Under a leaking ceiling on 155th Street in West Harlem, paintings by Goya and Velasquez hang in near obscurity in the Hispanic ...]
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