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- Posted: August 13, 2019|Categories: Expert ArticlesThe price of gold has been a big story this summer with spot prices recently reaching over $1500 per ounce, which is a six-year high. In 2019 gold has gone up $295 per ounce, or 24.37%, and in the past month alone it is up $97, or 6.9% (as of August 8, 2019). Silver is also up substantially, especially in percentage terms. Gold has often been presented as a hedge against inflation, but while that has been the case at certain times such as in the late 1970s, today – with inflation continuing to remain low for now -- the yellow metal is seen mainly as a hedge against economic and geopolitical uncertainty as well as currency depreciation. It is also a hedge against declining bond yields, which have been negative in Europe for several years. There is currently $15 trillion in debt that pays a negative yield (meaning bond holders are paying banks to hold their money). Gold tends to perform well when real in ...Read more »
- 1) The Vulnerability of Precious Metals 2) What Damages Coins? 3) What Can You Do to Prevent Damage to Your Coins? 4) Picking the Best Storage Solution for Your Collection? 5) We Recommend The thrill of the hunt and of building a personal collection is just the first step for a budding numismatist. Once a collection has been started, it must be protected in order to preserve the value achieved through your time and effort. Most coins are made from precious metals ...Read more »
- On May 22, before a hearing of the House Financial Services committee, Treasury Secretary Steven Mnuchin revealed during questioning from members of the House of Representatives that a $20 note with Harriet Tubman on the front and Andrew Jackson on the back is unlikely to be issued before 2028 – well after a possible second Trump presidential term. In 2016, then-presidential candidate Trump said that putting Tubman on the $20 would be “pure political correctness” and instead suggested she should appear on the $2 bill, which is rarely seen in circulation. In addition to an abolitionist and political activist, Tubman (who was born a Maryland slave and lived from 1822 to 1913) is best known for her work for the Underground Railroad, which safely led hundreds of slaves to freedom in numerous risky clandestine raids. After the Civil War, she worked with Susan B. Anthony to promote enfranchising women, making her a key figure in both the anti-slavery and women’s suffrage m ...Read more »
- The Royal Mint of the United Kingdom is one of the world’s oldest and most important mints with over 1,100 years of experience. It produces all the nation’s circulating coins, as well as bullion and commemorative coinage and medals. It has also minted circulating coins for over 100 issuing authorities around the world. Historical overview Coinage in Great Britain dates to the second century BC when Celtic tribes first introduced coins to the region. During the Roman rule of Britain, the Romans established mints all over the area, including in London, but that ended with the end of Roman rule. N ...Read more »
- The West Point Mint was built during the Great Depression in 1937 and opened its doors as the West Point Bullion Depository the following year. It was nicknamed “The Fort Knox of Silver” because it was built to store silver. The mint has a fascinating history, including half a century prior to its designation as an official US Mint. Today, it produces some of America’s most important bullion and collectable coinage as it continues to add to its rich numismatic tradition. Humble Origins and Beyond One of the most important chapters in the mint’s history was written during World War II. The Lend-Lease Act, which passed in 1941, permitted the President of the United States to provide military aid during World War II, including prior to the nation’s formal entry into the war. The West Point Mint ended up loaning silver not only to foreign nations but also to American industry and the Atomic Energy Commission in 1942. This proved vital to the Allied war efforts ...Read more »
- Most collectors are aware that U.S. Mint commemorative coin programs, which have been limited to two per year since 1998, are created through legislation that originates with members of the U.S. Congress and attempts to make its way through the legislative process. However, the U.S. Congress also periodically enacts various legislative proposals – some of which become law, and many which do not – that impact numismatics in other ways such as the provision that eventually was used to end the use of 90% "coin" silver in numismatic coins. During the 116th congress, which began on January 4, 2019, and continues until the end of 2020, several bills have been introduced that either call for the issuance of new coins or impact the numismatic industry. Bush coins ...Read more »
- Under the U.S. system of government, the president, who has extensive powers in areas such as national security, does not usually play a major role in shaping our coinage. The most prominent exceptions, include presidents who had an interest in, and who took the initiative to get involved in, numismatics, especially President Theodore Roosevelt, whose influence over early 20th century coinage is legendary. The main numismatic role of a president is signing coinage legislation into law after it has been passed by the House of Representatives and the Senate. The powers of the executive in this area are mostly delegated to officials the President appoints, and others who serve in their administration. Chief among them is the U.S. Treasury Secretary, who oversees the U.S. Mint and makes the ...Read more »
- Platinum is one of the rarest, purist and most precious metals. It is part of what is known as the platinum group, referring to elements arranged together on the periodic table, which includes indium, osmium, palladium, platinum, rhodium, and ruthenium. Its key properties are that it has the same sheen as silver, but does not tarnish, plus it is much harder and stronger than gold, making it useful for metallic bonding, and has an extremely high melting point. Platinum was discovered in the 16th century by the Spanish, who found it mixed with gold and called it “platina,” or little silver. Most of the world’s platinum today comes from two countries – Russia and South Africa. In the early 1700s metallurgists in Europe began exploring its use in industry, but they were stymied by the great difficulty of melting the metal. Then, in 1782 new ways to melt the ...Read more »
- Money and military have driven history since ancient times. Currency changes to finance war. Wars are fought to gain more money. Currency changes to adapt to the new conditions created by war, and once wars are over, they celebrate both peace and victory as well as commemorating those who gave everything to fight for their countries. This inextricable link between money and military, evident throughout human history, has been every bit a part of American history as in any previous civilization, especially in the twentieth century. The Civil War: the War between States Not surprisingly, the biggest impact on American currency came with the war that divided the nation. North and South both had to adapt to find ways to fight their fathers, sons, and brothers. The North’s curren ...Read more »