Four numismatic articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend collectors read them for their unusual or interesting content. Have you written or know of an article that should be highlighted on CoinNews? Please let us know! Here are today’s articles:
Gold May Pay Only in Case of Maximum Despair
By Jane Bryant Quinn, Bloomberg.com
Gold is for rich guys — buying physical gold, that is. The metal’s highest and best investment use is as insurance policy against a currency collapse. For that purpose, you need a lot of it, stored around the world. Owning 20 or 30 coins is nice but won’t protect your standard of living in a world where dollars are dust. Gold isn’t even a reliable hedge against inflation. It reached $850 an ounce in January 1980, a price not seen again until January 2008.
Coin Identification, Coin Location – Made Easier
By Tom Michael, Big Ideas, Little World
…the time has come to expand our perspectives a bit… you can see my work soon in future postings to these two new catagories. What is it? will provide an outlet for readers to send me an image of a coin they are having trouble identifying, along with a brief rundown of what they have done up to the frustration point in way of trying to catalog their item. Where to Find it will be a feature catagory for Big Ideas, little world, in which I will give readers some direction for good paths to coin collecting.
Novgorod Archeologists Find 12th Century Hoard
In the course of excavations in the historical centre of Veliki Novgorod, near the Monastery of the Dime archeologists have found hidden treasure of 22 European silver coins called denarii. The thin, scale-like dinarii about one centimeter in diameter had been hidden under the base of a wooden utility structure…
Dollar coin loses fans because of its poor design
By Tom Collins, USA Today (blogs)
The recent dollar coins get no respect for one very simple reason: They are too small. This fatal design flaw is obviously the result of current mint officials not bothering to look at older U.S. coins I have been given a dollar coin in change instead of quarters more than once.