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According to the World Gold Council, annual mine production of gold over the last few years has been close to 2,500 tonnes. About 3,000 tonnes goes into jewelry or industrial/dental production, and around 500 tonnes goes to retail investors and exchange traded gold funds. This translates to an annual demand for gold to be 1000 tonnes in excess over mine production which has come from central bank sales and other disposal.
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One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
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There are a host of things to see on coins. No matter what you are looking for, after a quick perusal, most collectors will seek some type of magnification to enlarge their view of the coin they are examining. I travel with an assortment of hand lenses. Close up Magnification of 1877 Indian CentThere is a 20�, a 10�, and a combination 3�/4�/7�. Beginning with an overall view to address shape, color, and design, a grader will also be looking at a coin's luster and for imperfections that detract from its eye appeal. Error/variety collectors will be looking for doubling on its design, planchet/striking problems, overdates, and overmintmarks. Authenticators will need to look more closely at its surface for die polish marks, tooling, and characteristics common to counterfeit or altered coins.
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Your Latest gold dollar coins News
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Final 2008 PNG Seminar Scheduled for Baltimore Show
Wed, 29 Oct 2008 11:38:10 +0000
(Fallbrook, California) – The last in a year-long, nationwide series of Professional Numismatists Guild “Share the Knowledge” educational seminars for collectors and dealers will be conducted at the upcoming November Whitman Baltimore Coin and Currency Convention.
PNG member-dealer Anthony Swiatek of Manhasset, New York will discuss, “What Are the Perspicacious Ways to Collect and Invest ...]
Got a Question for the U.S. Mint?
Do you have a burning question that you have always wanted to ask the U.S. Mint, but could never figure out who to go to? Maybe you have a...
silver dollars for sale | 1878 silver dollars
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