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Unlucky at the ATM

August 20, 2017 in Bank Notes, Blogs, Collecting, Education, Entertainment, Numismatica, Numismatics, Opinion, Paper Money, U.S. Notes, US Federal Reserve

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

You need a quick amount of cash. After all, not every transaction can be made with a credit card. You hop in the car and drive to the bank to use the ATM. Within seconds, the machine spits out money and you drive away. Early the next morning you look at the bills and notice […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Will the Trump administration make gold great again?

March 2, 2017 in Coins, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legislation, News, Numismatica, Numismatics, Opinion, Precious Metals, US Federal Reserve, US Government, US Mint

By: Louis Golino News.CoinUpdate.com (Coin Update News)

Donald Trump has been interested in gold for decades and once reportedly accepted rent payment in gold bars when APMEX was opening a New York branch back in 2011 (see photo above, or scroll down for video). He also bought a large quantity of gold for about $185 an ounce when gold ownership was legalized in 1975, and sold at just under $800 an ounce years later.

Trump has expressed qualified support for the idea of returning to the gold standard but has not backed any specific plan to do so. For example, during the 2016 presidential campaign he told GQ… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Invigorating the Coin-Collecting Hobby: United States Mint Holds a Numismatic Forum in Philadelphia

October 15, 2016 in Blogs, Clubs and Associations, Coins, Collecting, Conventions, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Politics, US Federal Reserve, US Government, US Mint, USA Coins

By: Dennis Tucker Mint News Blog (http://mintnewsblog.com)

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From left: Citizens Coinage Advisory Committee members Dennis Tucker and Tom Uram; U.S. Mint Principal Deputy Director Rhett Jeppson; and CCAC Chair Mary Lannin.

On Thursday, October 13, 2016, U.S. Mint Principal Deputy Director Rhett Jeppson convened a numismatic forum at the Federal Reserve Bank in downtown Philadelphia. In attendance were nearly 100 coin collectors, dealers, researchers, curators, journalists, authors, publishers, American Numismatic Association officers and staff, Mint officials, and others interested in the future of the coin-collecting hobby.

“The purpose of the event,” said Director of Corporate Communications Tom Jurkowsky, “is to gather leaders and stakeholders of the numismatic… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Newly Introduced: The “American Innovation $1 Coin Act”

September 21, 2016 in Blogs, Coins, Collecting, Commemorative, Legal, Legislation, News, Numismatica, Numismatics, Politics, Proof Coins, US Federal Reserve, US Government, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

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On Wednesday, September 14, Representative James A. Himes introduced H.R. 6025, known as the “American Innovation $1 Coin Act.”

If adopted, the act would authorize $1 numismatic coins whose designs recognize both American innovation in general and “significant innovation and pioneering efforts of [American] individuals or groups.” One coin would be released for each of the 50 states, the District of Columbia, and the U.S. territories, in alphabetical order.

The program, if approved, could commence as early as January 1, 2017, as determined by the Secretary of the Treasury, who would also determine the appropriate quantities of Uncirculated and Proof strikes.

Per the… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Harriet Tubman Will Be Added to Front of $20 Bill

April 20, 2016 in Bank Notes, Bureau of Engraving and Printing, Collecting, Currency, Education, History, News, Numismatica, Numismatics, U.S. Notes, US Federal Reserve

By: Dan Holmes  News.CoinUpdate.com (Coin Update News)

American abolitionist leader Harriet Tubman (1820 - 1913) who escaped slavery by marrying a free man and led many other slaves to safety using the abolitionist network known as the underground railway. (Photo by MPI/Getty Images)

Harriet Tubman (1820 – 1913)

 

United States Treasury Secretary Jack Lew will announce today that after much debate and consideration abolitionist Harriet Tubman has been chosen to replace President Andrew Jackson on the front of the $20 bill. The change will not go into effect until 2030, but the new design will be shared with the public in 2020 as part of the run up to the 100th anniversary of the ratification of the 19th amendment, which gave women the right to vote.

Jackson won’t be banished from the 20 entirely, however. Secretary Lew has indicated that the seventh U.S…. Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Counterfeiting is Alive and Well

April 11, 2016 in Bureau of Engraving and Printing, Collecting, Currency, Education, History, Money, News, Numismatic Crimes, Numismatica, Numismatics, Opinion, U.S. Notes, US Federal Reserve, US Government

By: Caitlyn Trautwein News.CoinUpdate.com (Coin Update News)

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Obverse of current $100 bill, first issued in 2013.

 

Although the average American may not think about it on a daily basis, it would come as no surprise to most that counterfeiting U.S. currency is an industry that is alive and well today. There is a reason the $10 bill is up for a redesign; it’s a security measure to try and keep ahead of counterfeiters, and anyone who has used a larger bill in retail will have seen the special black “markers” that cashiers use to check currency. If it comes out yellow or brown, you’re… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Bureau of Engraving and Printing – Intaglio Print Program “Ideals in Allegory – Democracy”

November 20, 2015 in Art, Bureau of Engraving and Printing, Collecting, Commemorative, Education, History, New Releases, News, Numismatica, Numismatics, Press Releases, US Federal Reserve, US Government

Bureau of Engraving and Printing – Intaglio Print Program “Ideals in Allegory – Democracy”

Contact:

Karen Smith (202) 874-2108

Washington, DC (First day of sale: December 1, 2015 – 8:00 A.M. Eastern Time)

The Bureau of Engraving and Printing is pleased to introduce a new intaglio print, “Ideals in Allegory – Democracy,” which is dedicated to female allegorical figures that represent a government of the people, by the people, and for the people.  This print features an exquisite compilation of unique engraved vignettes focusing on the age-old art of intaglio printing.

Secretary of the Treasury Jack Lew announced earlier this year that the next generation of currency will feature the theme of democracy and for the first time in more than a century, our paper currency will feature the portrait of a woman.  This is a historic moment – changes have only been made to the faces on our currency a few times since Federal Reserve notes were first put into circulation in 1914.

The “Ideals in Allegory – Democracy” print is $22.50.  Bulk pricing is available for this print.

This product can be purchased by phone at 1 (800) 456-3408; by fax 1 (888) 891-7585 [International fax (202) 874-1788]; in the Washington, DC and Fort Worth, TX Visitor Center Gift Shops; and through the BEP’s online store moneyfactorystore.gov

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The Sun Will Shine Soon on Precious Metals

September 17, 2015 in Blogs, Bullion, Coins, Gold, Gold Coins, Investing, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, US Federal Reserve, US Mint, USA Coins

By: American Federal American Federal Rare Coin and Bullion

I recently was reading an article by a chartist I have followed for quite some years. He has been right on the money, calling moves in both the stock market and the precious metals markets. If you care to check him out his name is Clive Maund. You can easily find him on the internet. In fact, I stole this headline from him.
Clive has warned investors of the big drop in the stock market and feels we could see another drop of as much as 2000 points.

The reason I follow people who look not just at fundamentals… Full article at the source>

Source: American Federal Rare Coin and Bullion

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Only A New Gold Standard Will Save The U.S. Dollar – Steve Forbes

July 11, 2014 in Currency, Gold, Investing, Money, News, Opinion, US Federal Reserve, US Government

By: KitcoNews.com Via Forbes.com. (http://www.forbes.com/sites/kitconews/)

(Kitco News) – A weak U.S. dollar is a threat to the global economy and the only way to stop the greenback’s decline is to reintroduce a gold standard, said media tycoon, Steve Forbes.

Forbes, the editor and chief of Forbes Media, was one of the keynote speakers at the annual Freedomfest conference in Las Vegas, an annual convention that looks to gather free minds for open discussions on politics and the economy.

In an interview with Kitco News’ Daniela Cambone, Forbes talked about gold’s role it the U.S. economy, which is also highlighted in his latest book MONEY: How The Destruction Of The Dollar Threatens The Global Economy And What We Can Do About It.  He said to stop the decline in the U.S. dollar it only makes sense to link it to gold.

Full article at the source>

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The dollar’s decline from the gold standard

April 21, 2014 in Currency, Education, Gold, Gold Coins, Investing, Money, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Federal Reserve, US Mint

April 20, 2014. By: David John Marotta and Megan Russell. (http://www.dailyprogress.com)

The U.S. dollar was first regulated by the Coinage Act of 1792 and prescribed as 371.25 grains of pure silver. The eagle, worth $10, was 247.5 grains of gold. One cent, worth a hundredth of a dollar, was 24 grains of copper.

The value of the metal contained in the currency kept prices relatively constant before the founding of the Federal Reserve. During those 120 years, prices rose only 3 percent. In contrast, during the 100 years since the Federal Reserve, prices have risen 2,280 percent.

The Constitution gives Congress the power to “to coin money” and “regulate the value thereof.” This dictum was understood to be setting the currency’s weight and metallic content and was necessary to allow the currency to keep up with a growing economy.

Full article at the source>

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The Gold and Silver Mine – Investing in gold and silver remains popular

February 15, 2014 in Bullion, Coins, Collecting, Gold, Gold Coins, Gold Eagles, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, Silver Eagles, US Federal Reserve, US Mint

By: Douglas Keefe. The Gold And Silver Mine. February 15th, 2014 (http://www.shorenewstoday.com)

While I sit here writing this week’s article, gold is attempting to break through the $1,300 per ounce level while silver is trading at over $20 per ounce. Maybe by the time you read this, gold will be trading over $1,300.

What is causing this movement? Well, many people feel the economy is slipping and things could get much worse. Many reports coming out of Washington aren’t up to the expected levels, the most recent being a disappointing jobs report. And it appears the new Federal Reserve Chairwoman Janet Yellen is planning on keeping the money printing presses running at full speed for the time being.

This is resulting in interest in precious metals as a hedge against bad times. A report I read stated that government sales of American Gold Eagles (those are gold coins sold for their gold value) for January this year was up 60 percent over last year and that silver eagle sales tripled. Now these are sales of physical coins, not paper transactions, so this tells me more people are buying and storing for monetary protection. They feel it is better to have access to the actual item rather than just having a piece of paper saying your metal is stored somewhere. There have been many scams in the past where a company offers to store your bullion after you purchase from them, only to find when their vaults are opened, they are empty.

I am often asked what gold and silver items I feel are the best investment, so here is my opinion.

For gold, there are choices from coins currently minted by many different countries such as the United States, Canada, China, South Africa and many others. There are also many gold coins available from countries from the time when they were actually used in commerce. Plus you can buy actual gold bars, but be careful as counterfeiting can be a problem, especially with 10 ounce bars. The premium charged over the spot price of gold varies depending on which coin you purchase. I feel the best choice is to stick with our own gold eagles and to get them in various weights of 1-ounce and 1/10-, ¼-, and ½-ounce sizes. The reason for the smaller sizes is that if you many ever need to raise a small amount of cash by selling some gold, you can do so by selling a smaller coin. Remember, though, that the premium over the spot price of gold for the smaller coins is greater than for the 1-ounce coin – the smaller the coin, the greater the premium.

Full article at the source>

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Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value

December 10, 2013 in Bitcoin, Currency, Digital Currency, Investing, Money, US Federal Reserve, Virtual currency

By Jeff Kearns  Dec 4, 2013 (http://www.bloomberg.com) (Saving and Investing)

Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency.

“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”

Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,124.76 on Nov. 30. The currency has rallied on growing interest from investors, while merchants are starting to accept Bitcoins and U.S. officials have told lawmakers such payments could be a legitimate means of exchange.

Full article and video at source>

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As He Clips Our Coins, Bernanke Steals A Page From Nero’s Playbook

September 27, 2013 in Currency, Education, History, Investing, Politics, US Federal Reserve

Op Ed from (www.Forbes.com) By Keith McCullough Sep, 25th, 2013.

In 64 A.D., in a naïve attempt to deceive the populace, Nero decreased the silver content in the coins and made silver and gold coins slightly smaller” (The History of Money, pg 52)

As the quote above reveals, central planners have been clipping coins and devaluing the The People’s hard-earned currency for at least two thousand years.  The Roman Emperor Nero of course devalued the Roman currency for the first time in the Empire’s history. What was it that gave both the Roman and Ottoman Empires the audacity to plunder the purchasing power of their people?

After 200 years of operating as an independent bank, what made the British Empire so soft that it felt the need to socialize (nationalize) the Bank of England in 1946? What was the US “Free-Market” Empire and why have we empowered the Fed to change it?

If you disregard the vacuum of history in which Ben Bernanke thinks (the 1930s) and contextualize the moment his Fed currently occupies (within the construct of long-term history, which will ultimately judge Bernanke when he’s long gone), it’s getting scary again. But you probably already knew that. The sad thing is that some of his Fed heads do too.

Full article at source>

 

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