Tuesday, September 2, 2008
Monday, September 1, 2008
The 1/6 Stater coin is about 2,700 years old. This old coin was only stamped on the one side. Originating out of Lydia, known as part of Western Turkey, this could be the oldest coin found to date. It's in the main exhibit in the Department of Coins and Medals of the British Museum. This coin was made with electrum, an alloy of gold and silver. It is believed to be from the dynasty of the Lydian king, the roaring lion Alyattes (about 610 - 560 BC) or perhaps his predecessor Sadyattes could be behind the royal blood line.
As much as I looked for the price of something like this, nothing has turned up, I'm guessing it could be priceless.
See the coin that sold for the most here.
The three legged buffalo here
Friday, August 29, 2008
Other pennies worth money
1909 s VDB
Thursday, August 28, 2008
Tuesday, August 26, 2008
The 1937-D 3 legged buffalo was made from a broken dye printer at the Denver mint.
Many where released into general population before inspectors caught the problem.
There are fakes were they try to sand down the one leg, so here are a few things to look for.
1.The farthest back leg will have less then normal.
2.There are dots on the belly that seem out of place.
3.The "P" and "U" from the Pluribus and Unum will be further back then the normal buffalo.
If you have all these find a specialist and get it cheeked
A mint condition one could be worth $20,000 plus.
A not so good one goes for about $1,000.
Be careful though there has been many fakes.
- Genuine 1943 copper cents will not be attracted to a magnet. Copper-plated steel cents will exhibit a strong magnetic attraction.
- Copper cents weigh 3.11 grams. Steel cents weigh just 2.7 grams.
- The numeral "3" in "1943" has the same long tail as the steel cents. Alterations from later-dated copper cents will be noticeable when compared side-by-side with genuine steel cents.
- The quality of the strike is exceptionally sharp, especially around the rim, because the soft copper plainchant's were struck with the same (higher) pressure used for the steel cents.
Monday, August 25, 2008
The 1933 double eagle is the most valued coin to date. It's a twenty dollar gold coin used by bankers from the gold rush in 1849 until 1933. The reason that it is so valuable is that in 1933 president Roosevelt stopped the production and none of these coins were officially placed into circulation. On April 5 1933 it was passed that the 1933 double eagle was to be recalled and melted down, it was considered illegal form that day forth. There was none known to have made it out but two sent to the Smithsonian for display, so they thought. In 1944, 1 turned up and was sold to the king of Egypt. After the king's death in 1952 it recirculated, but when the American secret service tried to reclaim it it quickly disappeared again. In 1952 the secret service found 8 and they were melted down. In 1974 the president changed the law so that any more found will not be melted. For forty years there hadn't been any sign of the infamous 1933 double eagle coin. In 2001 one turns up at a dealer in New York. The dealer started claiming that someone sold it to him over the counter, then changed his story and said that it came from Egypt. After a legal battle it was decided that they would auction this one and split the profits ($7,590,020) between the government and the dealer. In 2004 the dealer dies and his heir turns up with ten more 1933 double eagles, which of course the secret service confiscated. They are now being held at Fort Knox. The new owner of the coins has got a lawyer and is trying to have them returned. One turned up in Egypt recently in a closet full of old junk. It's still illegal today to posses the 1933 double eagle except the one auctioned in 2002. It's believed that the twenty that have turned up so far were stolen by a cashier for the mint that replaced them with older double eagles.