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Gold & Silver Coin Bullion Info
There is an interesting fractional currency which is much sought after by collectors. These are private banknotes from the 1800s. Before the US government created a national banknote there were some banks issuing their own money without government backing. However, it was not long before these banks were closed down and the banknotes were counterfeited and altered.
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1840 $1,000 Bank of the United States notes: Any note with the serial number 8894 is a replica that was made in the 1960's for a promotional giveaway in cereal boxes. These replicas are essentially worthless. These replicas are made from yellowish-brown "antiqued" paper that is crisp and brittle to the touch. The genuine $1,000 Bank of the United States notes are printed on thin banknote paper that was originally white or cream colored. One supposes that if a genuine note with the serial number 8894 ever were to show up that it is likely to cause quite a stir among dealers and collectors who have grown weary of answering questions regarding this particular replica.
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Given that gold is denser than almost all other metals, whether something is made of gold is extremely hard to fake. Simple determination of weight and volume should be sufficent. A coin that is the right size but is not gold, or has too much base metal, will be "light"; alternately, a coin that weighs right will be somewhat larger. (Platinum is unknown in ancient times; platinum is denser than gold, but since it is about twice as expensive, making a fake coin out of platinum would make no sense. In theory, fake coins could be made of uranium, but this does not appear to be a practical problem.)
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Perth Mint of Australia Pre-Decimal Coin Collection
Wed, 15 Oct 2008 05:06:14 +0000
The Perth Mint of Australia on the first of
October began offering a historic five-coin collection that contains pre-decimal copper coins struck at The Perth Mint between 1940 and 1964.
Unlike new, commemorative, silver or gold coin products that are common from government Mints, these coins have traveled through many hands and are in choice circulated condition with signs of wear. For these coins, it's about their history. According to the Mint's website,
The Perth Mint began striking pre-decimal coinage on an annual basis from 1940. Producing many millions of copper coins, the historic Mint struck pennies and halfpennies for King George VI and Queen Elizabeth II, as well as the unique King George VI 1946 Shilling.
The five-coin set contains examples of these historic denominations and are encapsulated within a 'Coins of The Perth Mint' presentation folder with information for each coin type.
Read the rest of this numismatic news article »
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