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Author Topic: Numismatics (coin collecting)  (Read 9552 times)

FDD

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Re: Numismatics (coin collecting)
« Reply #45 on: May 01, 2016, 05:06:02 pm »

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Nobody needs an AR-15
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If we want our grandchildren to be able to give thanks for being Americans, we'll need to.....start steering a course away from government control of our lives-and start moving back toward greater personal responsibility.   Ed Feulner

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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #46 on: May 06, 2016, 02:04:15 pm »

Pennsylvania Association of Numismatists Snaps Early Pics of Gold Standing Liberty Quarter

http://news.coinupdate.com/pennsylvania-association-of-numismatists-snaps-early-pics-of-gold-standing-liberty-quarter/

Quote
Last week, the Pennsylvania Association of Numismatists (PAN) shared early images of the 2016 Standing Liberty Quarter Centennial Gold Coin on social media.

The coins were encountered by PAN President Tom Uram at a U.S. Mint booth at the Central States Numismatic Society’s 77th Anniversary Convention in Schaumburg, Illinois. Several images were posted to PAN’s Twitter and Facebook accounts, giving collectors glimpses of both the obverse and reverse of the coin.

You can take an early look at one of the year’s most anticipated U.S. Mint releases below.




Quote
The U.S. Mint has yet to provide a release date for the 2016 Standing Liberty Quarter Centennial Gold Coin, but updates will be posted as more information becomes available.


So pretty!!! I want it!!!! :laugh:

FYI- This coin will weigh 1/4 oz.
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #47 on: May 27, 2016, 03:38:44 pm »

It's been a while since I have posted here.

SO........Anybody find any cool coins lately?

I haven't found much. A few "wheaties", but they were from the 50's. :rolleyes:
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Tahn L.

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Re: Numismatics (coin collecting)
« Reply #48 on: May 31, 2016, 11:54:38 am »

Concerning the gold SLQ, I wonder why the mint is using "24k" instead of .999 fine, if that is what I saw in the photo?

Added: I know that 24k and .999 are the same, I was just wondering why they switched.
« Last Edit: May 31, 2016, 12:02:03 pm by Tahn L. »
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #49 on: May 31, 2016, 02:28:16 pm »

Concerning the gold SLQ, I wonder why the mint is using "24k" instead of .999 fine, if that is what I saw in the photo?

Added: I know that 24k and .999 are the same, I was just wondering why they switched.
24k is actually four nines- .9999 pure.
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Tahn L.

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Re: Numismatics (coin collecting)
« Reply #50 on: May 31, 2016, 07:28:34 pm »

Concerning the gold SLQ, I wonder why the mint is using "24k" instead of .999 fine, if that is what I saw in the photo?

Added: I know that 24k and .999 are the same, I was just wondering why they switched.
24k is actually four nines- .9999 pure.

My point was why are they changing from purity, (millesimal fineness) , (.999 or .9999, whichever), to the karat system?

I don't remember much bullion using the karat method before, which is usually used for jewelry. Why the switch?

https://en.wikipedia.org/wiki/Fineness
« Last Edit: May 31, 2016, 07:37:13 pm by Tahn L. »
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #51 on: May 31, 2016, 07:38:17 pm »

Concerning the gold SLQ, I wonder why the mint is using "24k" instead of .999 fine, if that is what I saw in the photo?

Added: I know that 24k and .999 are the same, I was just wondering why they switched.
24k is actually four nines- .9999 pure.

My point was why are they changing from purity (.999 or .9999, whichever), to the karat system?
Short answer.......they're not. The usual gold eagles are actually .9170 purity. The 24k (.9999) composition are just for certain coins, such as the special centennial releases for 2016. As a matter of fact, in the US Mint listing for those coins, both 24K and .9999 are listed.

As seen here-

http://www.govmint.com/us-coins/other-us-coins/dime/2016-w-1-10-oz-gold-centennial-mercury-dime-ngc-sp70-first-release-weinman-black.html

Gold eagle composition seen here-

http://www.govmint.com/us-coins/gold-coins/gold-eagle/2016-50-dollar-1-oz-gold-eagle-bu.html
« Last Edit: May 31, 2016, 07:40:54 pm by DiabloLoco »
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Tahn L.

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Re: Numismatics (coin collecting)
« Reply #52 on: May 31, 2016, 07:42:11 pm »

Concerning the gold SLQ, I wonder why the mint is using "24k" instead of .999 fine, if that is what I saw in the photo?

Added: I know that 24k and .999 are the same, I was just wondering why they switched.
24k is actually four nines- .9999 pure.

My point was why are they changing from purity (.999 or .9999, whichever), to the karat system?
Short answer.......they're not. The usual gold eagles are actually .9170 purity. The 24k (.9999) composition are just for certain coins, such as the special centennial releases for 2016.

I expanded my question, probably while you were answering. Sorry. The buffalo is .999 but they do not use the karat system on it. I was just wondering why they switched.
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #53 on: May 31, 2016, 07:45:35 pm »



I expanded my question, probably while you were answering. Sorry. The buffalo is .999 but they do not use the karat system on it. I was just wondering why they switched.
Again, only for certain coins. They still use decimals, even if 24k is listed. All of the gold coins that are .999 or .9999 are very low mintage.
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Tahn L.

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Re: Numismatics (coin collecting)
« Reply #54 on: May 31, 2016, 07:46:10 pm »

Both of your examples are from 2016. Can you think of an earlier issue that uses karats?
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #55 on: May 31, 2016, 08:01:57 pm »

Both of your examples are from 2016. Can you think of an earlier issue that uses karats?
No. There are none. Even if 24 karat is listed in the description, it's just a selling point. Something to grab the buyer's attention. The Mint still uses decimals for composition. Look at the specs of the coin, not the sales pitch. Even the coin itself will have decimals on the reverse, not karats.


« Last Edit: May 31, 2016, 08:04:15 pm by DiabloLoco »
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Tahn L.

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Re: Numismatics (coin collecting)
« Reply #56 on: May 31, 2016, 08:07:27 pm »

Both of your examples are from 2016. Can you think of an earlier issue that uses karats?
No. There are none. Even if 24 karat is listed in the description, it's just a selling point. Something to grab the buyer's attention. The Mint still uses decimals for composition. Look at the specs of the coin, not the sales pitch. Even the coin itself will have decimals on the reverse, not karats.

Ah, I could not see that from the photos. So they still will use the millesimal fineness nomenclature?
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

Tahn L.

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Re: Numismatics (coin collecting)
« Reply #57 on: May 31, 2016, 08:24:02 pm »

DL,  From your link to the gold dime, I see that there is not a fineness on the reverse. Again, I am just wondering why they switched to using karats instead of millesimal fineness.
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All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed!
  Native American Story

Government is a meme, woven within a supporting memeplex.

Who ever frames the argument, kicks ass.

From MamaLiberty; "The Price of Liberty (is) self ownership, self control, integrity and non-aggression."

"The lust to control the lives and property of others is the root of all evil". MamaLiberty

DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #58 on: June 01, 2016, 05:13:25 am »

DL,  From your link to the gold dime, I see that there is not a fineness on the reverse. Again, I am just wondering why they switched to using karats instead of millesimal fineness.
Ah.....My mistake. I believe that it says 24k only on the centennial coins.

I do not believe that they are/will switch to karats.
« Last Edit: June 01, 2016, 05:15:28 am by DiabloLoco »
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #59 on: June 27, 2016, 01:16:55 pm »

A recent article that I found very interesting.

What Was the First Coin to Be Issued by Authority of the United States?
http://news.coinupdate.com/qa-what-was-the-first-coin-to-be-issued-by-authority-of-the-united-states/



Quote
Q:  What was the first coin to be issued by authority of the United States and when was it issued?

A:  Commerce was plagued by a flow of underweight state coppers and forgeries of English coppers in the years immediately following the American Revolution. The “Fugio” cent was authorized by Congress on April 21, 1787, in an effort to remedy this frustrating economic situation. Congress directed that the coins bear a representation of a sundial, the date 1787, FUGIO (“time flies”), and the motto MIND YOUR BUSINESS on the obverse, with 13 linked circles and the motto WE ARE ONE on the reverse. Since the incorporation of these mottos often is attributed to Benjamin Franklin’s suggestion, the coins are sometimes referred to as Franklin cents.

As the United States did not have a mint in 1787, a contract for the striking of 300 tons of Fugio coppers was awarded to New Haven’s James Jarvis, part owner of a company that had coined coppers for the state of Connecticut. Most of the 400,000 Fugio coppers struck were produced in early 1788 — with the copper being salvaged from bands that had held together the powder kegs sent to America by the French — after which Jarvis defaulted on his contract.

Quite ironic to think that the first coin commissioned by the US had the phrase "Mind Your Business" on it, when today the government thinks the EVERYTHING is their business and whether the word business indicated social or was meant to be literal, doesn't respect privacy AT ALL and meddles in ALL business. :rolleyes:

Time does indeed fly. In this case though, the destination kinda sucks. :laugh:
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