Something that could become a reality in the near future due to the dollar losing it’s value is going to the store and purchasing a gallon of milk with 1/10th ounce of silver, or a pre- 1965 dime. Kind of hard to imagine but some states are actually trying to make this happen in an advance of any type of dollar collapse. In the past people used gold and silver as money, in fact between 1795 and 1933, gold, silver and paper dollars were used concurrently for spending. Quarters and dimes were composed of silver until 1965. When President Nixon removed the backing of the dollar with gold in … [Read more...]
The Most Vauable Coin In The World
October 25, 2011 by
The 1933 Gold Double Eagle Was Never Issued: Officially! The Saint-Gaudens Gold Double Eagle coin had been issued from 1907 until 1932. 445,500 Double Eagles had been minted with the date 1933, but none were ever officially released into circulation because of changes made to currency laws during the Great Depression, when President Franklin Roosevelt took America off the gold standard. Not only were no more gold coins to be issued for circulation, people had to turn in the ones they owned. It actually became illegal for private citizens to own gold coins, unless they clearly had a … [Read more...]
The Value of U.S. Gold Coins
November 15, 2010 by
US gold coins have always been very valuable both as a collector’s item and as an investment. There are basically two types of gold coins, the collectible and the bullion. Read on to find out more about the differences and similarities between the two as well as the factors affecting their value. The Collectible Gold Coins In 1795 the United States created its first gold coins to be used as circulating money. They came in two denominations: the $10 coin or the “Eagle” and the $5 coin or the “Half Eagle”. The Eagle had more face value and it contained almost ½ ounce of gold. … [Read more...]
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