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What are Lathe Rings?

lathe rings on lincoln cent

Lathe Rings Definition: These concentric rings are produced by a lathe which shapes the cone-shaped face of the unfinished working die.  The cone is supposed to be polished smooth before hubbing. If polishing is omitted or inadequate, the surface will remain covered by concentric lathe marks which will not be erased by subsequent hubbing. Concentric rings can be seen …

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Fancy Serial Numbers and How to Find Rare Money in Pocket Change

Most Valuable Error Banknotes

The worst thing that could happen after coin roll hunting or bill searching banknotes is that you end up with the same money you started with!

Coin Weights and Requirements under US Law – 31 U.S. Code § 5112

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31 U.S. Code § 5112 – Denominations, specifications, and design of coins (a) The Secretary of the Treasury may mint and issue only the following coins: (1) a dollar coin that is 1.043 inches in diameter. (2) a half dollar coin that is 1.205 inches in diameter and weighs 11.34 grams. (3) a quarter dollar …

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Act Seeks 1c Coin and $1 Note Elimination; 5c Composition Change

Legislation reintroduced in the U.S. Senate seeks to save taxpayers money by suspending production of the 1-cent coin, changing the 5-cent coin’s composition, and replacing $1 notes with $1 coins. Numbered S.759, the Currency Optimization, Innovation and National Savings (COINS) Act of 2017 was introduced by Sen. John McCain and Sen. Enzi on March 29, …

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Fancy Serial Numbers

seven in a row fancy serial number

First, there are a lot of factors that come into play when determining the value of currency. Condition, the type of error or variety in the piece, the aging of the bill or coin, and so forth. With this in mind, just having a collectible or fancy serial number does not mean that old, torn bill …

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What are Clad Coins?

clad coins

The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. The inner layer is copper. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the …

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The War on Currency and Precious Metals

[sgmb id=”1″] The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near term by creating …

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Interest bearing $100 Leads

bank notes

As reported in a previous issue, Archives International Auctions’ Dec. 6 sale included a choice U.S. rarity: a blank form for a U.S. Treasury interest bearing $100 bill dated 183-. It was the last available of a sheet of three discovered in a bank clean out and came in a most collectible PMG Choice Uncirculated …

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Daily Gold Price and News – Weekly Gold Price

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Prices for precious metals split on Friday and for the week. Silver was alone with both gains on the day and week. Gold, meanwhile, rose slightly on Friday and closed the week nearly flat. Ending higher for a third straight session following five consecutive losses, gold for December tacked on $8.40, or 0.5%. to $1,754 an ounce on the …

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