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Thursday, January 22, 2009

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Paper Money & Coin Collecting News

Metal and water do not go well together! Almost everyone intuitively knows to keep their coins from getting wet but many collectors do not realize that even the moisture present in the air (humidity) can be enough to cause damage. Silica gel absorbs moisture that makes its way inside your safe deposit box, safe or other storage area preventing it from reaching your coins and causing damage. Silica gel can be easily reactivated in the oven when it has absorbed as much moisture as it can hold. Before shopping for silica gel, measure the size of the area to be protected and then buy the appropriate size of silica gel for storage space.
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Before you buy gold or silver, always know the spot price of gold. You should expect to pay no less than the spot price of gold for popular gold bullion coins and bars. If the item is selling for a lot less than the spot price of gold, that is a big red flag. Why? Ebay is a relatively efficient market these days, especially as gold becomes more and more popular. If an authentic coin is selling at a steep discount to spot, you can buy it and sell it back to someone else for spot price and get an immediate profit (this is called arbitrage). In an efficient market, arbitrage should not happen. If you see a steep discount and it looks to good to be true, it probably is. Proceed with caution in that case.
Buy New Zealand silver dollars for a great investment.

Mexico: 50 Peso 1947 golf coin. Mexico's silver and gold coins are highly collected due to the common border shared between Mexico and the United States.
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A misprinted currency note is known in numismatics as an error note, or simply a mistake that occurs during the printing process at the Bureau of Engraving and Printing (BEP). With the stringent quality controls practiced by the BEP, the chances of error notes reaching the public are really quite slim, but it does happen. Oftentimes these notes have numismatic value above the legal tender-value. The amount generally depends on the denomination, the complexity of the error and the condition of the note.
Buy US silver dollars for a great investment.

maple leaf silver dollars News

National Parks Quarters Act Becomes Law

Mike Unser over at CoinNews.net is reporting that the America's Beautiful National Parks Coin Act has been signed into law today by President Bush. This is the series of...

Huge Hoard of “Boudicca Era” Gold Coins Found in UK

Sun, 18 Jan 2009 14:37:49 +0000
The largest hoard of prehistoric gold coins in Britain in modern times has been discovered by a metal detectorist in East Anglia.
The 824 gold staters, worth the modern equivalent of up to £1m when they were in circulation, were in a field near Wickham Market, Suffolk, (an area once on the southern fringe of Icenian ...]

Free Money From the Fed

Fri, 01 Feb 2008 23:18:18 GMT
The Daily Reckoning, UK -We still dont know which way this thing is going the battle between greed and fear, that is. Stocks held steady yesterday. Oil too. ...

1879 $4 Flowing Hair Certified NGC Proof 64 Cameo

NGC Census: 25/41 higher

PCGS Population: 17/18 higher

Total Mintage: approximately 425

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