Gold & Silver Coin Bullion News
Does it pass the silver coin ring test? Silver coins have a distinctive ring when held on the tip of a finger and tapped with another coin. Be careful doing this test, though; you don't want to ding or damage the coin, or drop it onto a hard surface, so use some judgement. The ring test can be helpful when all other easy methods of checking are inconclusive. Remember, if something ever feels "wrong" about a silver coin, don't buy it! Trust your instincts! And if you've already bought it, send it back!
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Today, like all investments and commodities, the price of gold is ultimately driven by supply and demand, including hoarding and disposal. Unlike most other commodities, the hoarding and disposal plays a much bigger role in affecting the price, because most of the gold ever mined still exists and is potentially able to come on to the market for the right price. Given the huge quantity of hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production.
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Sometimes banknotes soar in value due to some historic or newsworthy event. For example, various European banknotes greatly increased in value where they were replaced with the new Euro currency. Hong Kong notes doubled or even tripled in value around the time of the Chinese take-over. Many alert collectors and investors anticipate these rises in value and realise big profits be buying up the notes before they rise in value. Remember the recent volcano in Monserrat? One month, Monserrat notes were just as desirable as any other East Caribbean State banknote. As soon as the volcano rendered the island uninhabitable, shrewd dealers and collectors world-wide bought every Monserrat note they could obtain, knowing that it was unlikely that any more would be printed.
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2. When was the English half penny discontinued?
Superior Galleries Realizes Strong Prices in July 26, 2008 Baltimore Elite Auction
Wed, 30 Jul 2008 21:09:40 +0000
DGSE Companies, Inc. today announced its results for Superior Galleries July 26, 2008 Baltimore Elite Auction. This 870 lot event realized $1,249,168 inclusive of the standard 15% buyer’s premium amid active bidding.
Some individual highlights of this auction included:
* Lot 505 – 1907 $10 Indian Wire Rim PCGS MS63 $43,125
* Lot 493 – 1803 $10 ...]
