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Even Tyrants Know What Real Money Is…

19. January 2011

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This week the explosion of popular fury in Tunisia that ousted its dictator of 23-years is sending shock waves across the Arab world and has alarm bells ringing in Washington. What did they take while exiting the country? Was it Tunisian money that taken by the ousted regime? Nope, it was gold that they chose [...]

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Rare Coin Grading Scale

8. July 2010

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US Grading Terms Sheldon System The US uses a system much different to the Australian way of grading The system is based upon that created by Dr. William H. Sheldon in 1949 for use in his book Early American Cents. The Sheldon scale is a combination of numbers and letters and was originally intended to [...]

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Hyperinflation Around the Globe (History)

19. June 2010

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By Mike Hewitt Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 [...]

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Value of Coins

7. June 2010

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Though only recently introduced to numismatics and collectors, the term “fair market value” has actually been largely used in other businesses and markets for a while.  In terms of coin collecting and coin pricing, it indicates the amount of money a professional dealer demands for a sample, and normally exceeds the wholesale price.  To be [...]

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