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Fugio cent dies cut by convict

Fugio CentIs it correct that a convicted counterfeiter produced early U.S. coin dies?

Abel Buel had his ear cropped and was branded on the forehead for altering five shilling notes. Later he did most of the dies for the Connecticut coins, and in 1786 he cut the dies for the Fugio cent.

Are there any companies that paid their stock dividends in gold?

There were two firms in the U.S. and one in Canada. The Homestake Mining Company in Lead, S.D. (now closed), at one time produced 30 percent of the U.S. supply of gold and used to pay employees in gold coins.

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I understand that pay toilets go way back?

In Sardis in Asia Minor archaeologists discovered a large public toilet with coins strewn about dating from 400 to 600 A.D.. The Emperor Vespasian is famous for having his son Titus smell coins used in First Century Rome’s pay toilets, noting that this source of revenue had no smell.

What is the point of having a coin authenticated? I am sure it is valuable and, besides, I wouldn’t trust it out of my sight to have it checked.

You may be certain in your own mind, but as long as you fail to have any potentially valuable coin authenticated it remains worth only face value – and perhaps not even that if it is a counterfeit. Your heirs will likely be a bit bitter that you left them a potential problem.

What’s the difference between authentication and certification?

Authentication is the process of determining if a coin is genuine or not. Certification is defined as a written record of authentication.

Aren’t there several other Indians besides the three listed models for the Buffalo nickel?

It’s not too hard to find old newspaper stories from various  claimants, but in all cases there is no basis in fact. Fraser  named the Sioux Chief Iron Tail and Cheyenne Chief Two Moons as two of the models. In his book, Fascinating Facts, Mysteries & Myths About U.S. Coins, author Robert R. Van Ryzin, who is editor of Coins magazine, presents convincing proof that the third was Big Tree, a Kiowa.

Is heat involved in the practice of “sweating” a coin?

This is one form of sweat that has nothing to do with heat. The ancient and dishonorable practice of sweating coins involved nothing more than putting several coins in a bag and shaking them violently so that tiny fragments of the gold or silver would be chipped or abraded, and then salvaged. The minute loss of weight allowed the sweated coin to be returned to commerce at full value, while the sweater had his fragments for the profit.

What would have been the value of the silver in those 1964-D Peace dollars that were struck in 1965?

In late July of 1964, when President Johnson signed the budget bill that appropriated $600,000 to strike 45 million of the coins, the .77344 ounce of silver in each coin was worth $1.0005, or a slim technicality more than face value.

Someone told me that it’s impossible for the clad layers to split off our coins. Is this true?

Examples are known for all of the clad denominations with one or both clad layers split off. It’s important that the coin shows no signs of tampering, or being “helped” to split.

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