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James Earl Jones Coin Collecting Video Available Free on New PNG YouTube Channel

May 25, 2017 in Ancient Coins, Antique Coins, Coins, Collecting, Education, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins, World Coins

News media contact:
Robert Brueggeman
Professional Numismatists Guild Executive Director
951-587-8300

James Earl Jones Coin Collecting Video
Available Free on New PNG YouTube Channel

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

(Temecula, California) May 25, 2017 – The award-winning educational video, “Money: History in Your Hands,” narrated by acclaimed actor James Earl Jones, now is available for free viewing on the Professional Numismatists Guild YouTube.com channel.

“We currently have more than a dozen videos about rare coins, paper money and precious metals available for complimentary viewing on PNG’s YouTube channel. They will be helpful for beginners to advanced collectors and investors with informative advice about buying, storing and selling numismatic items as well as gold, silver and platinum bullion items,” said PNG Executive Director Robert Brueggeman.

“An important part of our educational effort is the video, ‘Money: History in Your Hands,’ jointly created by PNG and the American Numismatic Association, and hosted on camera by James Earl Jones. It gives viewers a compelling overview of the history of money, and how it relates to art, culture, history, politics and religion,” explained Brueggeman. “The 29-minute video is available for convenient viewing in two parts.”

Other informative PNG videos focus on topics of discovering the enjoyment of coin collecting, how to determine the value of your coins, and the importance of working with a reputable, knowledgeable dealer when you buy or sell.

All of the videos are can be viewed at: https://www.youtube.com/channel/UCb5co6ZLKPitRAw-6pDxeCw

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org. For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

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Note By: Numismatica.com

Here are the links to the two specific videos;

Part 1: https://youtu.be/Ir_oCtaXloc

Part 2: https://youtu.be/gb3mgkYMssM

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Why Governments and Banks Want to Eliminate Cash, Explained By Noted Economist Dr. Scott Sumner

September 29, 2016 in Coins, Currency, Education, History, Investing, News, Numismatica, Numismatics, Opinion, Press Releases, World Coins

September 29, 2016

News media contact:
Michael Contursi, President of RCW Financial, at 949-679-1222

Why Governments and Banks Want to Eliminate
Cash, Explained By Noted Economist Dr. Scott Sumner

Summary:

In a commentary prepared for RCW Financial, economist Dr. Scott Sumner explains why governments and banks are eager to discourage the use of cash, and the resulting potential loss of anonymity and future negative interest rates.

      (Irvine, California) — Governments and banks are discouraging the use of cash, but a problem with a cashless society is a loss of privacy, explains Dr. Scott Sumner, Professor Emeritus of Economics at Bentley University.  He points out that Sweden already is moving toward eliminating all coins and paper money, and Italy and Canada are beginning to discourage the use of cash.

Dr. Sumner predicts the elimination of cash would make it easier for governments to impose negative interest rates and could lead to increases in values for gold and alternative currency, such as the Bitcoin.

      In a commentary prepared on behalf of RCW Financial of Irvine, California (www.rcwfinancial.com) and entitled, “Why Governments & Banks Want To Eliminate Your Cash,” Dr. Sumner wrote about the irony of the push for a cashless society at a time when there are billions of U.S. dollars in circulation.

“Surprisingly, despite the increasing use of credit cards, cash holdings are about 8% of Gross Domestic Product, which is actually a larger share of the US economy than a decade ago, indeed even larger than 90 years ago.  The amount of cash in circulation (paper currency and coins) is roughly $4500 for every man, women and child in America. It is believed that roughly half that total is held overseas, but even $2000 per person would be a surprisingly large figure, far higher than people admit to in government surveys.  Ironically, it is this increasing popularity of cash holdings that helps explain why governments are so anxious to discourage the use of cash,” wrote Dr. Sumner.

      He pointed out that until a few years ago, most economists thought negative interest rates were virtually impossible, but that now is reality in some European countries and Japan.

      Another implication of a cashless society is the loss of privacy.

“The anonymity of cash is what makes it appealing to many people, but it’s also what makes it increasingly unpopular with governments.  They see cash as a way of evading taxes, as well as facilitating drug dealing and other nefarious activities such as terrorism…. But regardless of how you feel about privacy, this seems to be the direction the world is moving,” Dr. Sumner stated.

He concluded: “The removal of cash would not have a major impact on the overall economy.  It would slightly increase the government’s ability to collect taxes, and it would somewhat increase the effectiveness of monetary policy during recessions.  Banks would benefit from increased use of credit cards.  For investors, it might lead to an increased demand for cash substitutes, such as Bitcoin and precious metals, pushing their price higher.”

The entire 1,700 word commentary is available free online at www.rcwfinancial.com/cashless-society.  

About Scott Sumner, Ph.D.:

Economist Scott Sumner, Ph.D

Economist Scott Sumner, Ph.D

Dr. Scott Sumner studied economics at the University of Wisconsin and received a PhD from the University of Chicago. He has done extensive research on the role of the gold standard in the Great Depression and is Professor Emeritus of Economics at Bentley University in Waltham, Massachusetts, where he has taught since 1982. Dr. Sumner received national recognition in 2012 as one of the “Top 100 Global Thinkers” by ForeignPolicy.com and was named “The Blogger Who Saved the Economy” by The Atlantic magazine.

About RCW Financial:

      RCW Financial of Irvine, California provides estate planning and wealth preservation services focused on the acquisition of the most popular and exclusive numismatic rarities.  For additional information, visit online at www.rcwfinancial.com, call Michael Contursi, President of RCW Financial, at 949-679-1222, or email at info@rcw1.com.

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A Quick Aside: Selling Pickaxes to Miners

September 22, 2016 in Education, Gold, Investing, News, Numismatica, Numismatics, Opinion

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

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When things go south, invest in gold. When things go south of south, invest in . . . manufacturers of home safes?

The Wall Street Journal has reported on a surprising trend in Germany and elsewhere: faced with negative interest rates in the eurozone, banks are beginning to charge interest on deposits. And their customers are beginning to withdraw their cash from the banks and take it home.

Of course, they’re not exactly stashing it out back in a coffee can, like some eccentric neighbor who still uses a rotary phone and hides canned goods under the bed. They’re putting… Full article at the source>

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

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The world’s strangest currencies

December 23, 2015 in Blogs, Education, Fun, History, Numismatica, Numismatics, Perth Mint, World Coins

By: Blog Team Perth Mint Blog

Before the invention of coins, people around the world used a diverse range of objects as money.

Different societies invested such objects with fixed values in order to provide a more flexible means of exchange than straightforward barter.

Useful things that acquired monetary value at certain times have included Indian almonds, Scandinavian dried fish, and Mexican cacao beans.

[A throwback to those days of old was the use of rum as a form of currency in early New South Wales where there was very few coins.]

The path to finding the best form of money was long and riddled with trial and error, because… Full article at the source>

Source: Perth Mint Blog

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Coins That Shined at the ANA World’s Fair of Money

August 15, 2015 in ANA (American Numismatic Association), Blogs, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Gold, Gold Coins, History, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, USA Coins, World Coins

By Libertycoin Liberty Coin and Currency Blog

2015 World's Fair

It’s impossible to overstate how important money is to people all around the world. It buys food, clothing, shelter, entertainment and much, much more. But for rare coin and currency aficionados, money is sometimes used to buy rare money! One of the world’s largest stages for coins and currency is the American Numismatic Association World’s Fair of Money, which attracts enthusiasts from all over the world.

The following is a list of some of the exceptional pieces that were on display and auctioned off at the 2015 ANA World’s Fair of Money in Chicago…Full article at the source>

Source: Liberty Coin and Currency Blog

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The die that struck Britain’s first coins?

April 11, 2014 in Ancient Coins, Antique Coins, British Coins, Coins, Collecting, History, Museums, Numismatica, Numismatics, UK Coins, World Coins

Ian Leins and Emma Morris, curators, Department of Coins and Medals, British Museum.  April 11th, 2014

One of the most recent acquisitions made by the Department of Coins and Medals is a highly unusual object – an ancient punch or ‘die’ used to manufacture coins in the second century BC. The die was found in Bredgar, Kent by a metal detector user in 2013 and is being used to shed new light on when the first coins were made in Britain.

The earliest coins found in Iron Age Britain date from around the second century BC and, until recently, it was believed that they were produced in Gaul (a region roughly equivalent to modern day France and Belgium) and imported into south-east England. These coins, known as Gallo Belgic A, were based on the gold coinage (staters) issued by King Philip II, ruler of the Greek kingdom of Macedon from 359 – 336 BC and father of Alexander the Great.

Full article at the source>

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8 Things You May Not Know About Money

November 28, 2012 in Coins, Gold, Gold Coins, History, Money, Paper Money, Silver, Silver Coins, USA Coins, World Coins

Excellent article about money from (http://www.history.com) By: Barbara Maranzani. November 27th, 2012.

They say “money makes the world go round,” and long before the invention of money as we know it, people were using goods such as salt, cattle and even weapons as forms of currency. From China’s “flying money” to Siberian “soft gold,” here are eight things you may not know about the history of money.

1. China created the world’s first paper money.
Nearly 700 years before Sweden issued the first European banknotes in 1661, China released the first generally circulating currency. In fact, usage of paper notes dates backs even earlier, to the 7th century Tang Dynasty. For centuries copper coins had been China’s primary currency. In order to carry large amounts of cash, people hefted around an ever-increasing number of these coins–not the easiest, or safest, thing to do over long distances. In an attempt to lighten their load, merchants began to deposit these coins with each other and were issued paper certificates for the coin’s value. The paper was certainly lighter. So light, in fact, that it is believed to have earned the nickname “flying money,” for its tendency to blow away in a stiff wind. The use of paper money remained limited for the next 200 years, until a copper shortage forced merchants and Song Dynasty government officials alike to issue and accept paper notes backed by gold reserves—the first legal tender in the world.

Full Article>

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