By Tyler Rossi for CoinWeek ….. What is inflation? Basically, inflation is the rate, usually measured yearly, at which prices increase. When controlled by financial institutions and kept below 2% annually, inflation can actually help increase consumer demand and drive economic growth. However, if inflation starts to increase rapidly, money becomes worth significantly less. Central […]
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By Dr. Richard S. Appel – UniqueRareCoins.com …… The year 1949 saw the culmination of the long, bloody Chinese civil war that had begun in 1927. That was when Chiang Kai-shek’s governing Republic forces initiated a purge of their opposition, the Chinese Communist Party, that was steadily gaining strength and followers. By the early 1930s, […]
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If you turn three German notes to the left at a 90-degree angle, there is an image that looks like a vampire During the early 1920s, post-World War I Germany saw its economy spiraling out of control. Hyperinflation took over the Weimar Republic from 1921 to 1923 (though it had begun slowly accelerating right […]
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By Everett Millman – Gainesville Coins …… If you haven’t noticed, Venezuela is in absolute turmoil. The growing calamity has economic, political, and humanitarian dimensions that are beginning to spread across South America. Aside from a growing refugee crisis and shortages of food and medicine, the country is dealing with political upheaval and runaway inflation. Its […]
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By Coinweek Coin News Wire …. Coin News Wire for February 9, 2018 Brain Food 1.) Digital != crypto != virtual I suspect that the Telegraph’s confusion may have arisen because of the tendency amongst management consultants (and others) to conflate the two entirely different kinds of electronic money: a cryptocurrency and a digital currency are […]
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Precious metals have a 3,000-year track record, but Bitcoin has captured speculators’ attention today By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Unless you’ve been living under a rock in recent weeks, you have probably heard of the incredible rise in the price of Bitcoin. As of Thursday, one Bitcoin equaled about $17,000 USD. […]
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By Coinweek …. CoinWeek News Wire for December 8, 2017 Current Events 1.) BEP Damaged Currency Redemption With the wildfires raging in California, it’s important to remember that the Bureau of Engraving and Printing (BEP) offers a redemption program for burned, mutilated or otherwise damaged currency. Follow this link to learn more. 2.) Zimbabwe not […]
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By Coinweek …. CoinWeek News Wire for October 27, 2017: Brain Food 1.) Coin stash that puts new spin on China’s 100 years of humiliation Inside a nondescript Hong Kong warehouse sit seven tons of Qing dynasty coins – proof, their owner says, that it was the imperial monetary system, not the opium trade, that […]
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By Coinweek …. CoinWeek News Wire for October 20, 2017: Brain Food 1.) ‘Like stars in a complex constellation, these objects convey the sweep of Jewish history’ This exceptionally rare gold coin was minted in Judaea immediately after the conquest of Jerusalem and brought with a deployment of Roman troops to England soon afterwards. Two […]
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By Coinweek …. CoinWeek News Wire for September 29, 2017: Brain Food 1.) Body Armor Made of Old Chinese Coins The Tlingit believed that the coins would provide protection from bullets. There is some anecdotal evidence that such body armor was in fact effective in a battle with the Russians in the year 1792. According […]
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By Coinweek …. CoinWeek News Wire for August 18, 2017: Urgent 1.) Walter Allan’s car found, but 84-year-old Numismatist still missing Allan’s family told police they last heard from him on July 18, when he told them he was heading to the 2017 convention of the Royal Canadian Numismatic Association (RCNA) in Boucherville, Qué., held […]
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By Coinweek …. CoinWeek News Wire for August 4, 2017: The War on Cash 4: The Cash Master 1.) Is e-payment fast rendering cash extinct? As a Guardian newspaper article points out in January, “If you begin to insist on cashlessness, it does put pressure on you to be banked and signed up to […]
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By Atlas Numismatics …… Tokyo Bound We will be attending the Tokyo International Coin Convention (TICC). 来週、T.I.C.C.に東京お楽しみに会います。Please note that we will only be able to carry a portion of the inventory available on our website; if you would like us to include any specific items for your examination at the shows please contact us […]
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By Coinweek …. CoinWeek News Wire for December 2, 2016 Current Events 1.) Zimbabwe police fire tear gas at bank note protest “We are not going to embrace bond notes,” Hardlife Mudzingwa, a spokesman for Tajamuka, told AFP. “They are being used to mop up the US dollars that people have in their accounts so […]
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By Steven Cochran for Gainesville Coins …… Zimbabwe’s shattered economy and massive trade deficit have caused a dollar shortage which has paralyzed the nation. The government hopes to reduce the current cash shortage by introducing the first domestic paper money since the collapse of the Zimbabwean dollar in 2009. The public reaction was what you […]
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By Louis Golino for CoinWeek …. As happened four years ago when Ron Paul and other GOP presidential candidates came out in support of a new gold standard–it was even included in the 2012 GOP platform–several candidates have expressed support for the idea during the current GOP presidential race. Ted Cruz and the gold standard […]
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