More Money & Coin Collecting Info

On March 10, 1862 the first United States paper money was issued. The denominations were $5, $10, and $20. They became legal tender by Act of March 17, 1862. The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957 on $1 Silver Certificates, and on all Federal Reserve Notes beginning with Series 1963.
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After many revisions, the Great Seal became the national emblem in 1782. The back of the current U.S. $1 Federal Reserve Note displays images found on both sides of the seal. The obverse of the seal is found on the right side of the note and was designed by Charles Thomson. A bald eagle holds an olive branch with 13 leaves in one talon and arrows (the traditional American Indian symbol of war) in the other. The eagle is facing the olive branch to signify that peace is preferable to war. Written on the ribbon above the eagle's head is the national motto in Latin "E PLURIBUS UNUM," meaning "one from many" or one country composed of 13 states. The 13 stars, leaves, letters and stripes denote the 13 original states or the Continental Congress. The reverse of the seal, located on the left, was submitted by William Barton and displays a pyramid, a symbol of strength and permanence, however the structure was left incomplete, just as the United States continues to grow and build. The eye in the triangle overlooking the pyramid suggests the "all-seeing Deity" emphasizing spiritual welfare, while also recognizing education and freedom of knowledge. The Latin phrase "ANNUIT COEPTIS" translates "He (God) has smiled on our undertakings." The mottos have 13 letters, and there are 13 steps on the pyramid. "NOVUS ORDO SECLORUM" means "A new order of the ages." The date at the base, 1776, refers to signing of the Declaration of Independence on July 4, 1776.
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The Gold Panda gold coin has an annual design change that always featuring China's symbolic animal, the Pnada. The Gold Chinese Panda has long been a favorite of collectors and jewelry designers the world over. At one time this coin was minted in seven different sizes, second only to the eight sizes of the Australian Nugget. The 5- and 12-oz. sizes were discontinued over a decade ago.
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More buy silver dollars Info

G20 leaders vow to take action on economy - Globe and Mail

Fri, 14 Nov 2008 23:59:00 GMT
Babbleon ! from Canada writes: The Libs love these photos of Bush and Harper it gives them something to talk about,heaven knows they have nothing else. It's the one and only ...

First there was the $1 Loonie, then the $2 Toonie, now Canada has the $5 Woodie

Tue, 17 Jun 2008 02:44:00 +0000
I knew about the $1 Loonie and $2 Toonie, but I somehow missed the release of the $5 Woodie.

If you missed it too, especially those of you collecting Canadian coins, check out this short video...



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More Gold & Silver Coins Info

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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One of the most common hobbies is collecting money. Many people have enjoyed this activity for decades and money collecting is thriving even today. As a hobby, collecting money means collecting old money. Otherwise, we are all trying to collect money before the bills come. However, do you know how many people collect old money, antique notes and coins from previous decades and even centuries?
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South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
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I recommend filtering for volume. Check out the eBay sellers who have done several hundred gold sales or more. These are the gold bullion sellers you can trust assuming they also have a high positive feedback score. Volume indicates that they have been in the business for a while and must be doing something right. You will always end up paying a premium when you buy from a high volume seller. It's always worth it. Let's take a simple example. You buy a 1/10 ounce gold bullion American Eagle from a new seller. You get a super deal and only pay $100. Now, let's say you buy the same coin but pay $120 from a power seller. Let's say the first one ends up to be a fake and the second is real. You pay an extra $20 but isn't that better than getting something worth $0 with your hard earned investment dollars? I always go with the high volume sellers.
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A final area of coin investing to consider are the bullion coins, especially coins that are traded at close to spot price (as opposed to Proof Silver Eagles and other premium U.S. Mint offerings.) With the growth of China and India and the likelihood that they will become "superpowers" within the next generation, all precious metals are expected to rise over the long term. Copper, in particular, is expected to boom compared to current prices.
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The Truth About Littleton Coin Company

Wed, 08 Oct 2008 19:54:00 +0000
Littleton Coin Company is perhaps the best-known coin dealer in America. Their advertising can be found across a broad spectrum of magazines and media. They employ more than 350 people at their 85,000 sq. ft. facility. Compare that to your local coin shop! The truth, however, is that all those salaries, that expensive advertising, and the gigantic facility is all paid for by coin collectors! Littleton's prices aren't just high; they're stratospheric! But is Littleton worth it?

Since I was aware that Littleton's primary business model was the coins on approval system, I signed up for their service more than a year ago, so I could give them a fair, long term trial when I wrote my review of Littleton's services. (They actually kicked me off their approval program because I wasn't buying enough coins, but they did it nicely and I knew they were right.) Although they earned an excellent rating overall, as soon as my review was published I began getting emails from readers. One even sent a formal letter on business-type letterhead, as a "letter to the editor" type of thing. I was surprised at how strongly people felt about this common complaint they expressed, but I should have foreseen it because these very same practices are . . .

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