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2008 June

Monthly Archives: June 2008

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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U.S. Government Prints 614.9 Million Notes Worth $13.5 Billion in May

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Have you ever wondered how much money the US government prints each month? There's no need to wonder. With government provided figures and a...

Swiss Silver Commemorative Coin “Vitznau-Rigi Railway” Starts New Series

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Federal Mint Swissmint has launched a new several year commemorative coin series celebrating historical mountain railways. The first commemorative out of the gate is the 20 Swiss franc silver coin, the "Vitznau-Rigi Railway," honoring Europe's first mountain railway.

Swiss Silver Commemorative Coin "Vitznau-Rigi Railway"

Artist Benno K. Zehnder designed the coin and portrays the cog railway on the Rigi in the form of a playing card. Separated by letters ascending to the right is a modern railway engine and under the "Vitznau-Rigi Railway" heading is a historical steam engine.

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Odyssey Marine Exploration and Spain Back in Court Over Coin Treasure

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Florida-based treasure hunting, deep-sea exploration firm Odyssey Marine Exploration is back in court this morning at 9:30 a.m. (ET) with Spain. The legal battle...

Grand Prize Drawing Concludes Successful 2008 National Coin Week

Scott McNally of Colorado Springs, Colo., is the grand prize winner in the American Numismatic Association's 2008 National Coin Week national treasure hunt grand...

Virgin Islands Commemorative Quarter Designs, Voting Ends Friday

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Artist renderings of three Virgin Islands commemorative quarter designs have been prepared by the United States Mint and sent back to the Office of the Governor for review. U.S. Virgin Island residents can vote for their favorite design online or by mail-in ballot. Voting ends Friday, June 13.

Artist renderings of Virgin Islands commemorative quarter designs

The winning design will be recommended to the U.S. Mint as the selected commemorative quarter for issuance next year as part of the District of Columbia and United States Territories Circulating Quarter Dollar Program.

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Bullion & Business Weekend Report – June 7

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Precious metals spurred forward in the week's end with strong gains Friday. They were due in part to surprising jobs data numbers showing a...

ANA World’s Fair of Money Tours and Events Explore Baltimore

The history and beauty of Baltimore may be explored through scheduled tours and events during the ANA 2008 World's Fair of Money®. Attendees...

Teletrade to Auction Special Collection of California Fractional Gold Coins

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IRVINE, Calif. – Teletrade, America's largest fully automated Internet auction company for certified coins and currency, will auction “The Kovach Collection of Period One & Two California Fractional Gold” on Sunday, June 22, 2008, in online Auction 2546.

Two coins from the "The Kovach Collection of Period One & Two California Fractional Gold"The auction will be live at www.teletrade.com from 3 p.m. to 10 p.m. eastern time and will include more than 1,500 certified coin lots. The complete auction catalog will be viewable on the Teletrade website beginning Friday, June 13.

California Fractional Gold has a storied history complete with touches of controversy that only adds to the mystique. The tiny small denomination gold pieces were privately issued during the California Gold Rush economy, hand-struck mostly by entrepreneurial San Francisco jewelers, as a result of the Federal government’s unwillingness to issue sufficient small denomination coinage.

“The Kovach Collection” is listed as the “3rd Finest Set of All Time” on the PCGS Set Registry, retired in June 2007, and Teletrade will auction more than 75 coins from the set in individual lots. The collection represents Period One, struck 1852-1856, and Period Two, struck 1859-1882.

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