The Continental Congress created a de-facto monetary standard based on Silver, rather than Gold (the Spanish 8-Reale Dollar remained as Legal Tender in the USA until 1857). Benjamin Franklin, following the war, was to describe the Continental Currency as actually nothing more than a form of taxation, used to clothe and feed the army of revolutionaries.
Due at least in part to the devastation of the Continental Currency (the source of the phrase, ?Not worth a Continental?), it was later decid
If you've ever wondered how Precious Metal Values are calculated, hopefully this Table will help explain the calculations, for GOLD, SILVER, and PLATINUM as contained in some normal everyday items. NOTE: Prices for Precious Metals (as Quoted on Commodity Stock Markets, etc.) are always based on "PER TROY OUNCE" (NOT "per avoirdupois ounce").
Precious Metal Content by Weight and Percentage:
This is probably every coin collector's "number-one question" and also one of the most difficult to answer. Here's why:
All legal tender coins have a face value, the amount the coin is intended to be worth when issued. Every coin is worth at least that much, which means that no matter how many 1964-D nickels you find, each one will always be worth five cents at a minimum. The caveat to this is that in some cases coins are not legal tender. This is not a problem with US coinage, all of which ca
Why has this not-so-simple Truth never been explained in public before? -- "MONEY, as a measurement of Wealth, consists of two components, Currency, and Bullion."
CURRENCY:
1) Currency is a medium of exchange designed to circulate for the exclusive purpose of facilitating commerce;
2) Currency has two values, namely, Face Value and Perceived Intrinsic Value;
3) Currency will be removed from circulation as soon as its Perceived Intrinsic Value exceeds its Face Value**, thus destroying / n
Before the American Colonies became the United States of America, many different types of money flowed and floated through the village-economy of the day. It became the task (if not an ORDEAL) of the Continental Congress to decide which, if any, of these confusing currencies would ultimately become the one true and UNITING "CONTINENTAL CURRENCY."
British empire:
One Pence = One Penny = ?1 d.?[p>d>p>d] which stands for ?1 Denarius? (Roman Empire coinage = 1/16th oz. Silver)
- Brit
The 1997 IRA amendment offers IRA investors the opportunity to diversify their investments from pure paper, stocks, bonds and mutual funds, to solid hard-asset investments-precious metals.
Gold bullion and silver bullion were approved for IRAs by the US government in 1997. Heretofore, only Gold Eagles and Silver Eagles coins were acceptable for IRA Plans. This change is especially beneficial to IRA investors who would like to diversify their IRA holdings to include more than stocks, bonds and
