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Several changes have been occurred on U.S. paper money in recent years. The changes have been implemented during the redesign of denominations of U.S. Federal Reserve notes (with the exception of the $1) beginning with the $100. Several features have been added to protect our money from counterfeiting include:
1. An enlarged portrait placed off-center to accommodate a watermark visible when the note is held up to a light.
2. A polymer security thread embedded vertically in the paper. The location of the thread varies depending on the denomination.
3. Fine line printing patterns behind the back illustration.
4. Microprinting on different areas of the notes.
5. Color-shifting ink that appears black when the front is viewed at an angle.
6. A low-vision feature on the back, lower right corner for easier identification of the denomination.
7. New Federal Reserve indicators including a universal seal and a letter and number below the serial number identifying the issuing Federal Reserve Bank.
8. A unique combination of eleven numbers and letters that appear twice on the front of all notes.
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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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Murali, the MaestroThe Island (subscription), Sri Lanka - 3 hours agoTime and again I have read this jewel of a sentence in our dailies, "Be humble in victory, but determined in defeat." Perhaps this adage would have st
Sun, 27 Jan 2008 23:22:48 +0100
Sydney Morning Herald, Australia -The crown jewel in the Bolnisi acquisition was the Palmarejo silver and gold project, one of the highest-quality primary silver projects in the world. ...
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4. Who was the first Director of the U.S. Mint?
The Reality of Presidential Dollars at Banks
I just read an essay on the NumisMaster.com Web site that I wanted to share with you. A 20 year-old coin collector by the name of Jarrett Briscoe has...
Last days to vote for American Numismatic Association's (ANA's) humor column contest
Mon, 19 Nov 2007 19:27:00 +0000
(Attention ANA Members: Voting to end soon! Cast your vote for your top three picks at humor@money.org with your top pick as #1. Make sure your email contains three names or the ANA will consider...
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Have you ever held a gold coin in your hand? It's amazing! When you first hold a gold coin, the luster and weight immediately tell you why gold coins have been the standard in storing wealth for all of human history. So what do gold coins have to do with saving money for your mortgage down payment? It's actually very simple: gold attracts wealth. Some people call it attraction, others call it luck. Whichever you prefer, if you own a gold coin you will earn more income. Wealth will be attracted to you and you will save enough money for your down payment sooner than if you did not own the coin. Buy a gold coin and give your luck a boost.
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Whatever method you try to clean a coin, it's best to test it on a non-valuable coin of similar metal first. That way if a certain method does have bad effects, you'll find out before you ruin a valuable coin. I discovered this much to my chagrin when cleaning a batch of 1943 steel pennies in an acid solution. I'll never know if it would have worked, because I had the pennies in a galvanized steel container and the acid, combined with the galvanization, fused the pennies into one worthless chunk.
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In 1861, on the brink of bankruptcy and pressed to finance the Civil War, U.S. Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes.
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Buy two Krugers though, and quantity price breaks make krugerrands cheaper, and therefore a better buy. Also while it is true that larger bars, such as one kilo ones sell for a lower percentage premium than krugerrands, they are not as easy to resell. Only a specialist gold dealer is likely to give you a good purchase price for gold bars, and then often with less enthusiasm than for krugerrands, sovereigns, or other highly marketable coins
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The Most Important New Orleans Gold Coin
Sat, 15 Nov 2008 18:07:00 +0000
After a probable absence of over a century, perhaps the most important New Orleans gold coin in existence is coming back to its ancestral home. My friend Paul Hollis, a coin dealer from Metairie (a suburb of New Orleans), has arranged for the unique Proof 1844-O eagle to be placed on exhibit at the New Orleans mint. This coin, with an estimated value of $2.5 million, goes on public display November 1 and will also be taken around Louisiana on tour by Hollis.
The New Orleans Mint began producing coins in 1838. The very first issue struck by this mint was a group of 20 half dollars to inaugurate coinage and a small group of Proof half dollars were made in 1839 (plus at least one Dime dated 1839-O is known that has been designated a “Specimen” by NGC). So, we know that the New Orleans mint had experience with making Proof coins and that the quality of these was comparable to that seen at the Philadelphia mint.
In 1844, the New Orleans mint produced at least one example of a Proof half eagle and eagle. Remarkably, both still exist and, even more remarkably, both are superbly preserved. Why were they produced and who were they struck for?
Unfortunately, contemporary documentation does not exist that gives the definitive answer to these questions, so we have to make some assumptions. I think it’s safe to say that the Proof 1844-O gold set was struck in commemoration of either a special event or, more likely, a visit to the Mint by some special VIP or dignitary. My guess would be that they were made for personal presentation to President John Tyler.
What is interesting about these . . .
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What type of token does a low catalog number refer to?
Mint designs released for 2009 Presidential DollarsThu, 30 Oct 2008 16:12:00 +0000
The United States Mint on Wednesday unveiled new designs for the 2009 Presidential $1 Coins featuring former Presidents William Henry Harrison, John Tyler, James K. Polk and Zachary Taylor.
In 2009, more than new Presidential portraits will grace the face of each dollar coin. Design enhancements include modified edge lettering and the moving of "In God We Trust" to directly below each Presidential image.
The relocation of the motto from the edge to the heads side of each $1 coin was sought after by many who felt "In God We Trust" was too hidden. Political support resulted in a mandated update from Congress. A new law was passed in late 2007 that empowered the U.S. Mint to place the motto in a more prominent position.
The edge modifications include . . .
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Proof ’38 nickel with serif seenWed, 25 Jun 2008 11:04:54 +0000
A new variety of the proof 1938 Jefferson nickel has been announced by Michael S. Fey, Ironia, N.J.
The coin has a serif at the lower end of the “S” in TRUST as compared to no serif on the previously known examples.
Fey made the announcement after researching the coin first shown to him by an unidentified ...]
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