All Posts in Coins & Currency
The Liberty Head Double Eagle is without a doubt one of America’s most beautiful gold coins. They also have a reputation for being one of the most complex series of U.S. coins struck during the 19th and 20th centuries. As such, shopping for them requires knowledge, patience, a keen eye, and deep pockets.
The expression “star note” is used to describe the miniature star which replaces the final letter in American currency’s serial number. Other than this, star notes are the same as regular notes. The reason why star notes are so important however is due to rarity. For instance, experts have stated that the amount of U.S. bills which contain star notes are lower than 1% of all the bills which have ever been produced. As you can imagine, this means star notes carry a very high collection value.
While gold usually gets all the attention when it comes to precious metals investment, there are a number of advantages you’ll gain from investing in silver, particularly junk silver. You should not be fooled by the name either, as junk silver is anything but.
At its height, the National Rochester Bank issued almost $7 million in American currency, one of which is this bill. Whenever a bank issues such a large sum of money there usually isn’t much space for issues which are rare, but with Series of 1902 $5 NB of Commerce of Rochester there are exceptions.
Dwight D. Eisenhower is one of the USA’s most popular presidents, and was responsible for a number of achievements including his role as the Supreme Commander of the Allied Forces during WW2 and for the development of the national interstate road system. After WW2 he became the very first NATO Supreme Commander and would run for president in 1952 through the Republican Party. He won the 1952 election with a landslide victory and did so again in 1956. Eisenhower’s political philosophy involved the containment of the Soviet Union, decreasing federal deficits and utilizing nuclear deterrence. He first appeared on coinage which was issued in 1971, but reappeared on this silver coin which was issued in 1990, as it marked the 100th year of his birth.
The decision of man to begin using currency for trading and collecting was based on gold and silver’s greatest weakness: their weight. For thousands of years, precious metals remained supreme and were the medium of exchange in multiple civilizations, and the idea of using currency notes was unheard of. There were a number of reasons why early civilizations didn’t use paper, the most important of which is that it was fragile, difficult to mass produce, and susceptible to fraud. There were a number of historical developments that changed this.