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Central banks and the International Monetary Fund play an important role in the gold price. At the end of 2004 central banks and official organizations held 19 percent of all above-ground gold as official gold reserves. The Washington Agreement on Gold (WAG), which dates from September 1999, limits gold sales by its members (Europe, United States, Japan, Australia, Bank for International Settlements and the International Monetary Fund) to less than 400 tonnes a year. European central banks, such as the Bank of England and Swiss National Bank, have been key sellers of gold over this period.
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Any highly experienced coin authenticator will tell you that they often can't tell you why a given specimen is fake, (short of doing a full objective analysis, as explained below.) All they can say is that it doesn't "look right." Learn what the genuine silver coin looks like, and when you get that little red flag waving in your head that something looks wrong, even if you can't put your finger on exactly what is wrong, trust your senses and don't buy the coin!
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Preserve gold bars and bullion coins in the original mint packaging. Since it is soft, mint-fresh gold is easily subject to scratches from rough surfaces. Careful handling and preserving can go a long way in getting the best price during a resale.
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How does the silver coin's edge look? If the coin edge should be reeded, and isn't (or vice versa) this is a giant red flag, since mint errors of this type are very rare. Also, if the coin has a seam around the edge, a bit of a protrusion on the edge that could be a casting sprue, or file marks indicating a sprue or seam was removed, don't buy the coin!
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Lemus-Queller Collection of Patterns Tops $8.3 Million At FUN

Sat, 10 Jan 2009 10:31:18 +0000
The Official Auctions of the FUN 2009 Convention in Orlando began on Wednesday, Jan. 7, and spectacular results have already been posted in Heritage’s first Pattern Night session featuring The Lemus Collection – Queller Family Collection Part Two.
Containing 465 different Patterns, the collection was so extensive that it warranted a special catalog, and posted prices ...]

2009 Native American $1 Coin Rolls Issued Jan. 15

Tue, 13 Jan 2009 15:13:48 +0000
The United States Mint will officially introduce the 2009 Native American $1 Coin on Saturday and issue 25-coin rolls of them Thursday, Jan. 15, according to a Mint media advisory and web site product pages.
2009 is the first year for the new coins, which bear the familiar Sacagawea obverse or heads side ...]

U.S. Mint releases latest Presidential Coin: Martin Van Buren (8th President)

Fri, 14 Nov 2008 17:14:00 +0000
Martin Van Buren, the nation's eighth president, is honored today with the issuance of a $1 coin bearing his image.

The Van Buren dollar is the fourth in the presidential series released this year...



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Given that gold is denser than almost all other metals, whether something is made of gold is extremely hard to fake. Simple determination of weight and volume should be sufficent. A coin that is the right size but is not gold, or has too much base metal, will be "light"; alternately, a coin that weighs right will be somewhat larger. (Platinum is unknown in ancient times; platinum is denser than gold, but since it is about twice as expensive, making a fake coin out of platinum would make no sense. In theory, fake coins could be made of uranium, but this does not appear to be a practical problem.)
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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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United States Mint Announces 2009 First Spouse Gold Coin Designs

Mon, 29 Dec 2008 01:29:07 +0000
The United States Mint today officially announced the five new designs that will appear on the 2009 First Spouse Gold Coins. The designs pay homage to Anna Harrison, Letitia and Julia Tyler-the first and second wives, respectively, of President John Tyler-Sarah Polk and Margaret Taylor.
“The First Spouse Gold Coin designs give us a glimpse ...]

U.S. Government Prints 461 Million Notes Worth $17.5 Billion in December

Mon, 12 Jan 2009 15:44:09 +0000
The U.S. government in December printed fewer notes with less value compared to November, according to Bureau of Engraving and Printing (BEP) figures released Tuesday, January 6.
460,800,000 banknotes were produced last month valued at $17,478,400,000. In contrast, the BEP printed 477M notes worth $18.1B in November.
December had fewer $1s and $100s printed ...]

Wear Your Coins With Pride!

The Royal Canadian Mint (RCM) is offering a really neat collectible as part of their Vancouver Olympics 2010 coin program - wearable coins. The way it works is that...

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