1-631-780-4653(GOLD) News
Coins of Controversy - The Seated Liberty Dime 1873-1874 (with arrows)
After three years of postponements, innumerable revisions and committee conferences, the Mint Act of 1873 was finally passed on February 12, 1873. This same Mint Act was to be referred to in later years as the “Crime of `73”, because it was alleged to have been passed by a sleepy...
American Coin & Bullion Normalizing after 1873: 19th Century Coinage & Currency #3
Following the controversies and fiscal problems resulting from of the Coinage Act of 1873, compensatory measures were taken by the Treasury and the US Mint to resume more normal issuance and circulation of US Currencies. Silver coins were made legal tender at their nominal value for any amount not exceeding...
Gold, Silver and the Coin "Crime" of 1873 - 19th Century US Coins & Currency #2
Perhaps no 19th Century law relating to the coins and currency of the United States has been so widely discussed, or has borne more directly on the attitude and influence of political parties than the Coinage Act of 1873. This act grew out of a proposition to revise our coinage...
Money Problems: Coinage to Crypto #9
The first American Colonists faced a problem: They didn’t have enough currency. At first, the Colonists bought far more from Britain than they sold to it, and pretty soon, the Colonists had no liquidity at all. So the Colonists fashioned their own. They used tobacco, rice or Native American wampum...
Counterfeiting & Countermeasures: Coinage to Crypto #8
Counterfeiting is a real danger to numismatics and cryptocurrency alike. Both the rare coin and digital currency communities seek methods to combat the artificial manufacture and trade of the assets that make up their professions. It should come as no surprise that the numismatic community looks toward law enforcement cooperation...
Policy vs. Value: Coinage to Crypto #7
Money has value, right? Right?!?! That is not necessarily the case. While we're busy not wondering about fiscal facts, they often seem to change, or vanish. The fear that numbers in a bank account mean nothing and have no correlation to items in the real world keeps us pretending. "I'll...
Dynamics of Trust: Coinage to Crypto #6
"What's your cow to bitcoin conversion rate?" Weird question, but if we replace bitcoin with gold coins, we are transported into the early questions posed at the advent of currency in early economic systems. "How do I know those pieces of shiny metal are worth a cow?" By putting ourselves...
Crypto to Commodities: Coinage to Crypto #4
We've been looking at the correlations between early coins and cryptocurrency in the Coinage to Crypto Series. While most of the focus has been on linking the ideas behind early currency to digital currency, this article focuses on the concept of moving digital currency back into the original gold and silver standards. ...
New Numismatics? Early Coins and the Prospect of Blockchain Rarities - Coinage to Crypto #3
What will we collect in a world of entirely digital currencies? Better yet, will we collect in a world of entirely digital currencies? The first answer is that numismatists will always collect the same things, which answers the second question: of course we will collect. Numismatists will always show our affinity for scarce coinage. ...
Commodities and Currencies: Standards Gold and New
Gold and Silver are the most iconic symbols of wealth in human history. We have used them as coins, and we have used them to create the value behind money. Many regard them as pillars of fiscal value, even though they have not been the standards of global currency for...
Coinage to Crypto: Changing Change?
Money has been on our minds since the first coins of Lydia. We make it, trade it, earn it, collect it and think about it. Society interacts with money: the great facilitator and persuader. We say it’s not everything, but it sure does have a lot to do with almost...
Recent Post
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Money Problems: Coinage to Crypto #9
Nov 23, 2018 -
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Policy vs. Value: Coinage to Crypto #7
Nov 08, 2018 -
Dynamics of Trust: Coinage to Crypto #6
Nov 02, 2018 -
Crypto to Commodities: Coinage to Crypto #4
Oct 19, 2018 -
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Commodities and Currencies: Standards Gold and New
Sep 21, 2018
