Tuesday, June 9, 2026
2008 June 10

Daily Archives: June 10, 2008

Bowers and Merena Realizes More Than $6.2 Million at Baltimore Coin...

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Bowers and Merena Auctions realized more than $6.2 million as Official Auctioneer of the Baltimore Coin and Currency Convention. Highlights include the sale of an exceptional 1801 Capped Bust Right Eagle in PCGS MS-64 and Fr. 114 1901 $10 Legal Tender Note S/N 1, PCGS Very Fine 30PPQ.

1801 Capped Bust Right Eagle and 1901 $10 Legal Tender Note

IRVINE, Calif. – Bowers and Merena Auctions, America's leading rare coin auction house, posted another highly successful outing in Baltimore as Official Auctioneer of the Baltimore Coin and Currency Convention. More than 3,000 lots crossed the block in three sessions June 5-6, 2008, realizing $6,258,873.

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CCAC to Review 2009 Sacagawea Designs and Edge Lettering

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The Citizens Coinage Advisory Committee (CCAC) has set the time for its latest meeting to review 2009 Sacagawea Golden Dollar designs and edge letterings. The...

Peru Group Jumps into Odyssey and Spain Shipwreck Treasure Mix

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The Association of Peruvian Consumers and Users (ASPEC) requested the Peru government to join the legal battle between Odyssey Marine Exploration and Spain over...

Gold Declines Sharply Tuesday Morning

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Gold's riotous ride and gains Friday have all but been eliminated this morning with the US dollar's emerging strength and the decline of crude...

Paper Dollar Versus $1 Coin, Fun Facts Comparison

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When paper dollars are squared up against $1 coins, who comes out the winner and why? Clearly, as the "fun facts" money table shows, the one dollar bill wins out as the currency of choice by a wide, wide margin.

$1 Bill versus $1 Coin: Which is the Winner Today?

$1 Bill and Coin Fun Facts
$1
Bills
$1
Coins
Comments
It takes 56 $1 coins to equal 1 pound (lb), or 455 $1 bills.
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$1 coins are much HEAVIER for consumers and businesses.
Paper money is composed of 25% linen and 75% cotton. $1 coins are made mostly of manganese-brass (88.5%) and copper (6%).
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Paper money can be folded and shaped to fit nearly anywhere. It's CONVENIENT.
A stack of dollar bills one mile high would contain over 14.5 million notes. It would take 804,672 dollar coins to reach a mile.
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$1 bills are LESS BULKY.
The BEP produced 4.147 billion $1 notes in FY 2007. The United States Mint produced 0.941 billion $1 coins in 2007.
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$1 bills are USED DAILY in transactions. Where are all those $1 coins?
It costs ~16 cents to make $1 coins, and each has a life span of about 30 years. It costs ~ 6.2 cents to make $1 bills, and they have a life span of about 21 months.
 
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$1 coins are much more ECONOMICAL.

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