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Tracking prices not an easy thing

Could the trend of the coin market be tracked by following the results of a weekly or monthly local coin show? It would be necessary to have all the dealers at that show share their invoices to track the transactions … Continue reading

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Copies and fakes create problems

By Richard Giedroyc Why was the Hobby Protection Act enacted? Replica coins and bank notes are not meant to deceive, but to be sold as souvenirs or examples. Too many entry-level collectors were purchasing these without understanding these replicas are … Continue reading

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Fort Knox gold arrived in 1937

By Richard Giedroyc When was the original gold deposit placed in Fort Knox? The U.S. Gold Bullion Depository at Fort Knox, Ky., was built in 1936. In the first six months of 1937, there were 445,501 gold bars, weighing 157,820,192 … Continue reading

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Coin counterfeiters met with death

Was counterfeiting coins ever a capital offense in the United States? Benjamin Franklin used the slogan “to counterfeit is death” on Colonial paper money  and he printed it for a reason. George Washington demanded David Farnsworth and John Blair, two … Continue reading

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No bad coins from banks

By Richard Giedroyc Worthless broken bank notes were churned out by 19th century banks. Did any of these banks issue their own coins? The closest thing we have to what I would have called “broken bank coins” are company store … Continue reading

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Fasces on the dime made sense at time

By Richard Giedroyc Did Adolph A. Weinman have any specific reason for picking the fasces for the reverse of the Mercury dime? A direct quote from the designer: “I selected the fasces and olive branch to symbolize the strength which … Continue reading

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Don’t buy coins at estate auctions?

By Richard Giedroyc How to handle a counterfeit coin at auction Reader Richard Stevenson adds his personal experience to the recent question regarding third-party certification services lack of published reports on the number of counterfeit coins encountered. According to Stevenson, … Continue reading

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Coin Clinic: what’s a pennyweight?

By Richard Giedroyc Can you explain how pennyweight fits into this weight and purity system for gold? It takes 20 pennyweight to equal one troy ounce of gold. Another way to express this is one pennyweight being equal to 24 … Continue reading

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Coin Clinic: Artist makes ‘dollars’

By Richard Giedroyc Daniel Carr designed several of the state quarters. I’ve heard he was responsible for the supposedly non-existent 1964 Peace dollar. Can you tell me about that dollar? Is it real? Daniel Carr designed the reverse for the … Continue reading

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Coin Clinic: Why should collectors learn to grade coins?

By Richard Giedoryc You have warned collectors to use their own grading skills when evaluating coins for purchase. Does that mean we cannot rely on third-party grading services? No. But it is important to point out that there are likely … Continue reading

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