Archive for the 'Currency' Category

RARE NICKEL HAS SOLD FOR MILLIONS!

rare nickel

SCHAUMBERG, Ill. (AP) – A rare century-old U.S. nickel that was once mistakenly declared a fake has sold at auction for more than $3.1 million.

The 1913 Liberty Head nickel is one of only five known to exist. But it’s the coin’s
back story that adds to its cachet: It was surreptitiously and illegally cast, discovered
in a car wreck that killed its owner, declared a fake, forgotten in a closet for
decades then declared the real deal.

It was offered for sale by four Virginia siblings at a rare coin and currency auction in
the Chicago suburb of Schaumburg on Thursday, and sold for well over the expected 
$2.5 million.

The winning bidders were two men from Lexington, Ky., and Panama City, Fla., who 
bought the coin in partnership.

posted by Bob Karm in Auction,Collectibles,Currency,CURRENT EVENTS,Fincncial,HISTORY,New release and have No Comments

ONLY FIVE KNOWN TO EXIST TODAY!

 one fo five nickles

RICHMOND, Va. (AP) – A humble 5-cent coin with a storied past is headed to auction and bidding expected to top $2 million a century after it was mysteriously minted.

The 1913 Liberty Head nickel is one of only five known to exist, but it’s the coin’s
back story that adds to its cachet: It was surreptitiously and illegally cast, discovered
in a car wreck that killed its owner, declared a fake, forgotten in a closet for decades
and then found to be the real deal.

It all adds up to an expected sale of $2.5 million or more when it goes on the auction block this spring in suburban Chicago.

"Basically a coin with a story and a rarity will trump everything else," said Douglas
Mudd, curator of the American Numismatic Association Money Museum in Colorado Springs, Colo., which has held the coin for most of the past 10 years. He expects it
could fetch more than Heritage Auction’s estimate, perhaps $4 million and even up
to $5 million.

"A lot of this is ego," he said of collectors who could bid for it. "I have one of these
and nobody else does."

The sellers who will split the money equally are four Virginia siblings who never let
the coin slip from their hands, even when it was deemed a fake.

The nickel made its debut in a most unusual way. It was struck at the Philadelphia
mint in late 1912, the final year of its issue, but with the year 1913 cast on its face,
the same year the beloved Buffalo Head nickel was introduced.

posted by Bob Karm in Currency,CURRENT EVENTS,HISTORY,Memorabillia,New release and have No Comments

THE FIRST SECRETARY OF THE TREASURY

Hamilton

alexander_hamilton

Alexander Hamilton
(January 11, 1755 or 1757 – July 12, 1804)

Alexander Hamilton was a Founding Father and the first Secretary of 
the Treasury of the United States in the administration of President 
George Washington. He was also one of America’s first constitutional
lawyers and the founder of the American Federalist party..

posted by Bob Karm in ANNIVERSARY,BIRTHDAY,Currency,DEBUT,Government,HISTORY,POLITICAL and have No Comments

COIN RELEASED ON THIS DAY IN 1979

 susanb

Women’s
suffrage
campaigner Susan B. Anthony

1979-p-susan-b-anthony-dollar-013

While a large quantity were produced in 1979, the Susan B. Anthony dollar coin
failed to circulate well (despite the slogan "Carry three for Susan B.") and a minimal
number were produced in 1980. Public reaction to the coin was primarily negative,
with complaints that it was smaller than previous dollar coins and was also too easily
confused with the Washington quarter. Its unpopularity was compared to the greatly
disliked 20¢ piece from 1875, which was also easily confused with the quarter.

posted by Bob Karm in ANNIVERSARY,Currency,DEBUT,Government,HISTORY and have Comment (1)

MOTTO ADOPTED ON THIS DAY IN 1956

in_god_we_trust_27144840_std

ingodwetrust paper in-god-we-trust coin

"In God We Trust" was adopted as the official motto of the United States On
July 11, 1954, just one month after the phrase "under God" was incorporated
into the Pledge of Allegiance. The U.S. Congress enacted Public Law 84-140,
which required the motto on all coins and currency. The law was approved by
President Eisenhower on July 30, 1956, and the motto was progressively added
to paper money over a period from 1957 to 1966.   

posted by Bob Karm in ANNIVERSARY,Currency,Fincncial,Government,HISTORY and have No Comments