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The best type of pick box for finding honest to goodness bargains is the flat-rate so-called "junk box." These are boxes into which the dealer has thrown coins that he has determined are not worth his time to catalog and price individually. Sometimes coins get thrown in there just because they're low grade. Other times, the coins might be high grade but just really common. Some dealers even throw in their "attribution challenges!" This latter type of pick box is, by far, the most profitable and most interesting for the cherrypicker! In reality though, most pick boxes contain a mixture of two or more categories of these types of coins. (Attribution challenges are coins that the dealer can't find in his coin catalogs. These are most often seen in World coins, but I've even found genuine U.S. Pre-Federal Colonial Copper coins in junk boxes marked "Misc. Tokens - $2 Each.")
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In 1861, on the brink of bankruptcy and pressed to finance the Civil War, U.S. Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes.
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As collectors' items, banknotes have distinct advantages over stamps and coins: They have a much larger surface area, creating more room for interesting information and attractive artwork. Compared to a coin, a banknote is extremely lightweight and thin, making a large collection much easier to store and transport. Over the postage stamp, the banknote has the advantage of having two sides, and again, a much larger surface area.
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The most common luster seen on United States gold coins, especially those from the 19th century, is frosty in texture. Frosty luster can be extremely attractive. I would describe it to the new collector as having a hard look and it is most associated, in my experience, with coins produced at the Philadelphia and San Francisco mints.
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4. What is a wrong metal error coin?

Coin Trivia for 29 Jul 2008

1. What two languages appear on the Fugio cent?

Top 10 Most Valuable U.S. Coins Found in Pocket Change (about.com)

Tue, 03 Jun 2008 17:35:00 +0000
There are a number of fairly valuable U.S. error coins and die varieties in circulation today. These coins are overlooked by people because they have...



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4. How long does an appointment to be U.S. Mint Director last?

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Collectors Article Of The Day

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Collectors have a wide range of areas from which to add to their collections. Ancient coins represent the utmost in historical value, and can include the silver coinage of ancient Athens, the numismatic world of Alexander the Great, and portrait coinage featuring the famous and infamous of the Roman Empire. Collectors who are fascinated with history can widen their horizons by adding examples from the Byzantine Empire and medieval Europe, the fascinating monarchs of Renaissance England, and the myriad German and central European states which have long ceased to exist.
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War, invasion, looting, crisis and gold. In times of national crisis, people fear that their assets may be seized and that the currency may become worthless. They see gold as a solid asset which will always buy food or transportation. Thus in times of great uncertainty, particularly when war is feared, the demand for gold rises.
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA underwrote the federal anti-trust lawsuit of its consultant, Reginald H. Howe -- Howe vs. Bank for International Settlements et al. -- which was pursued in U.S. District Court in Boston from 2000 to 2002. While the Howe suit was dismissed on a jurisdictional technicality, it became the model for Blanchard Coin and Bullion's anti-trust lawsuit against Barrick Gold and J.P. Morgan Chase & Co., which was filed in U.S. District Court in New Orleans in 2002 and prompted Barrick Gold's decision to stop selling gold in advance for 10 years.
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Does the silver coin pass a magnification check? Although the methods listed above will usually enable you to rule out most fakes (especially the weight test,) sometimes close examination under a strong magnifier settles the matter. Look for silver plating that failed to fill into tiny spots and crevices. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. Sometimes just looking at the fields under 10x is enough to condemn the silver coin as a fake, because the fields may appear rough, or have spots of copper or other non-silver impurities.
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During and after the Civil War, the US began to run short on change, so it printed paper money with denominations of less than one dollar. These are generally smaller than other paper and are more affordable than the larger notes of that era. Denominations are 3, 5, 10, 15, 25, and 50 cents.
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Fox Business Video: The Treasure Industry

Tue, 24 Jun 2008 05:02:00 +0000
Fox Business interviewed Mark Gordon, CEO Odyssey Marine Exploration regarding their continuing fight with Spain over the 590,000 coin treasure...



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The Greatest World Coin Auction of All Time (Part 5): Gold Coins as World Currencies

Thu, 17 Jul 2008 02:50:24 +0000
By Greg Reynolds for CoinLink
This is Part 5 of my review and analysis of the auction of the Millennia collection of world coins.

The sizeable core of the post-1300 AD coins in the Millennia collection is comprised of coins of the types that were used for international trade and for trade within societies that were ...]

Should I invest in rare coins? (Part 1)

Sun, 09 Mar 2008 05:36:00 +0000

US Mint taps Golin for presidential coin outreach

Sat, 07 Jun 2008 03:54:00 +0000
WASHINGTON: The US Mint is working with GolinHarris on a campaign promoting the use of presidential $1 coins as common currency.
The effort's PR...



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