Blog Page 1243

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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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...
CoinNews photo 2026 circulating coins

US Mint Coin Production Jumps in September Amid America 250

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U.S. Mint coin production rebounded sharply in September amid continued production of special designs celebrating the nation's 250th anniversary. The Mint struck 342.5 million...