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On March 10, 1862 the first United States paper money was issued. The denominations were $5, $10, and $20. They became legal tender by Act of March 17, 1862. The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957 on $1 Silver Certificates, and on all Federal Reserve Notes beginning with Series 1963.
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In general, gold becomes more desirable in times of bank failures. When dollars were fully convertible into gold, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the holding of gold by US citizens then known as Executive Order 6102 which has since been ended.
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South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
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5. What is the name of the process which softens dies, planchets or metals by heat treatment?
Gold Investments Market UpdateGold Seek - Jan 29, 2008In Dubai, the gold trade increased 29% to $19.03bn in 2007. A total of 559 tonnes of gold was imported into Dubai in 2007, up by 14% from 489 tonnes in 2006 ...Gold Investments Market UpdateFX
Fri, 01 Feb 2008 23:18:18 GMT
Times Online, UK -In Zaveri Bazaar, the chaotic, glistening hub of Bombay's gold trade, vendors complained that recent record stock market falls had made customers wary. ...
February Long Beach Expo Marks Gillio’s 50th Anniversary
Tue, 20 Jan 2009 01:21:52 +0000
(Long Beach, California) – The next Long Beach Coin, Stamp & Collectibles Expo, February 5 – 7, 2009, marks the 50th anniversary in numismatics for internationally-known Expo General Chairman, Ronald J. Gillio. The three-day show will be held at the Long Beach, California Convention Center, 100 S. Pine Ave.
"It was early 1959 when I saw my first Lincoln Memorial cent, the first year they were made, and I was curious about it. Ever since then numismatics has been a vital and enjoyable part of my life," said Gillio.
"My first collections – like everyone else – were mostly pennies and nickels. Living in Southern California when I’d go to my neighborhood banks in Southern California to get rolls of coins, I’d frequently find San Francisco mintmarks; coins that were scarce in other parts of the country."
Gillio said his Mother and Father, Sandy and Angie Gillio, were very supportive of his hobby, and were with him to celebrate the opening day of his first store on State Street in Santa Barbara, California in 1974.
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U.S. Mint Discloses UHR Saint-Gaudens Price and Announces New Pricing Policy
The highly anticipated Ultra-High Relief (UHR) Saint-Gaudens will go on sale on Thursday, Jan. 22 at 12:00 noon ET. The price is expected to be $1,189.00 (assuming gold stays...
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