By PaperMoneyMan, on December 28th, 2011
Question by : What are the advantages and disadvantages of paper money vs. coins?
I live in Canada where we have loonies ($ 1 coins) and toonies ($ 2 coins). I’ve been receiving a lot of $ 1 American bills lately and it got me wondering why Canada opted for coins over bills for the smaller change? All of our bills are different colours anyway ($ 5 is blue, $ 10 is purple, $ 20 is green)…
Best answer:
Answer by JerThe coins are cheaper to produce when the lifespan of the currency in taken into account. Paper money is much lighter.
Know better? Leave your own answer in . . . → Read More: What are the advantages and disadvantages of paper money vs. coins?
By PaperMoneyMan, on December 24th, 2011
Question by Ann: Old Silver Certificates?
I recently found eight 1 dollar silver certificates. I was wondering what they might be worth.
Series
1935 D
1957 one starts with a star.
1957 B
1957 A
A 2 dollar bill that is series 1953
Two five dollar bills, series 1953 and 1963
A 10 dollar bill series 1934.
I have no clue if these are worth anything more that face value, but thought it might be worth asking. All bills are worn but still in decent condition.
Best answer:
Answer by Burgoohttp://rrcoins.net/faq/
Suggests most carry only a small premium over face, lists a book to check for further information
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By PaperMoneyMan, on December 23rd, 2011
The Reasons Why & How You Should Buy Gold
Article by Benn Chapzinskie
Gold is the 79th element on the periodic table. It’s a soft, shiny and dense metal bearing the title of the most malleable and ductile metal recognized to humankind. Pure gold has a bright and luster yellow color that we discover appealing, charming and spontaneous.
You will find quite a few approaches of getting gold. These tend to vary from investor to investor and their selection and superior judgment of the product.On the other hand, one of the most favorite way of doing it now is most likely the bullion gold bar. It is a conventional way of exchanging gold. In some Western-European countries, you could even buy/sell/exchange them on major banks. You can find brokers and ‘retail dealers’ that deliver the very same service. Even so, these guys tend to be a bit much more pricey than the bank itself, as they’re essentially resellers. In Europe, gold is typically accessible in bars of 400 troy ounces (Approx. 12KGs) numerous other standards exist for it as well, it’s definitely dependant . . . → Read More: The Reasons Why & How You Should Buy Gold
By PaperMoneyMan, on December 22nd, 2011
Ensure the quality of gold with gold testing equipments
Are you going to purchase gold? If yes, then it is essential to make use of effective gold testing equipments which can ensure its quality in few seconds. There are various premium tri-electronic gold testers available in the market at affordable rates which contains an inbuilt micro processor to find out its level of purity. These are digital devices which works through squeezing a drop of gel from probe on to the metal and you can easily read the result on display in form of karats and percentage of gold. These devices are available with a warranty and guarantee certificate to ensure people about their effective results for a longer period. Professionals and amateurs use these equipments to make out the purity of gold in a user-friendly manner.
One of the effective and traditional medium of testing the percentage of gold is using acid gold testing kits.
You can test various kind of gold through this kit as there are a number of needles designed for verifying gold purity in a metal. . . . → Read More: Ensure the quality of gold with gold testing equipments
By PaperMoneyMan, on December 19th, 2011
Tips For Collecting Old Money
Article by Morgan Hamilton
One of the most common hobbies is collecting money. Many people have enjoyed this activity for decades and money collecting is thriving even today. As a hobby, collecting money means collecting old money. Otherwise, we are all trying to collect money before the bills come. However, do you know how many people collect old money, antique notes and coins from previous decades and even centuries?
Coin collectors are much more common than old money collectors of the paper variety, though the latter are still quite active and manage to find some rare items occasionally. That paper variety may include pre US colonial currency, money from the beginning of the 19th century, currency from the Confederate States of America and also some souvenir cards of old money as the money itself are almost impossible to find and twice as hard to purchase.
If you are keen on collecting old money you will probably know that a collector’s item of old money is called fractional currency. I was really intrigued when I learnt that during the Civil . . . → Read More: Tips For Collecting Old Money
By PaperMoneyMan, on December 17th, 2011
Question by Peacer: i have a rare dollar bill from the 1957 silver certificates is this worth anything?
Best answer:
Answer by Joseph, IIIt COULD be. Check out Ebay, & see what similar $ 1. Bill’s are going for- there… It might be worth Auctioning off ! Good Luck !
Give your answer to this . . . → Read More: i have a rare dollar bill from the 1957 silver certificates is this worth anything?
By PaperMoneyMan, on December 12th, 2011
Question by rocktunz2004: one of my relative has dig a antique 0,000 1934 gold certificate…how can we redeem?and to whom?
we verify that the gold certificate is real via LAND BANK philippines…according to the bank they can’t afford the worth of the said certificate but they confirmed that the gold certificate is real…i am willing to cooperate to anyone who are interested…thank you!
Best answer:
Answer by I. B. ZoxxSomeday I’m going to get tired of answering this question. This comes up an Yahoo Answers about once a month, invariably from someone in the Philippines.
The only $ 100,000 bill ever printed by the US is the Series 1934 Gold Certificate, which was only intended for transactions between banks, and is illegal for private citizens to own. It has a portrait of Woodrow Wilson on it, and is signed by Morgenthau as secretary of the treasury.
Here is a link to the Bureau of Engraving and Printing web site showing a photo of the US $ 100,000:
http://www.moneyfactory.gov/document.cfm/5/42/1359
A very limited number of these were printed, and all of them are accounted for. There is no . . . → Read More: one of my relative has dig a antique $100,000 1934 gold certificate…how can we redeem?and to whom?
By PaperMoneyMan, on December 11th, 2011
Question by jrb141992: When did they stop printing silver certificates?
The $ 2 denomination
Best answer:
Answer by netthiefxThe final production of $ 1 Silver Certificates occurred in late 1963. Both the $ 5 United States Note and Federal Reserve Note were revised with the motto IN GOD WE TRUST added to the reverse and WILL PAY TO THE BEARER ON DEMAND removed from the obverse. Also, the obligation on the Federal Reserve Note was changed to its current wording, THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.
Add your own answer in . . . → Read More: When did they stop printing silver certificates?
By PaperMoneyMan, on December 10th, 2011
Question by Patrick: 100 Sequential Bills; Worth keeping or cashing in?
This year for my birthday my grandmother got me two wads of $ 1 dollar bills instead of the same old boring check. Each “wad” has 100 bills in sequential serial numbers. the one set is a xxxxxxxxxx001 series. My question is should I keep them for inflation? Will they be worth more later? I collect coins, but not so much paper money. My research says that they are worth a bit more than face value as is. Any thoughts? Thanks!
Best answer:
Answer by EL DIABLOSpend the money, put it in the bank, or trade it for 2 $ 100′s. Most of the $ 1 that you get from the bank (if you ask for that amount) will be new bills. Where I work we get a few thousand $ 1 a week and most of them are new bills in order.
Give your answer to this . . . → Read More: 100 Sequential Bills; Worth keeping or cashing in?
By PaperMoneyMan, on December 7th, 2011
Is The Paper Money Going To Die?
If the figures all over the world are added together, there are about five billion mobile phones being used currently, and the number is sure going up. Sam Pitroda, the technology evangelist has predicted that the paper money would die within 30 years due to efforts being made by the banks, mobile companies and other stakeholders. He says the paper money would soon disappear due to digital transactions, thanks to the introduction of his latest innovation, the digital wallet. Sam Pitrodas earlier innovation, the Casio digital diary was a runaway hit all over the world.
Paperless World Would Be a Better World
He asks if we can make our offices paperless, why not banks and our wallets? He predicts all the mobile service operators will adopt the technology sooner or later, especially due to declining revenue per user for the mobile companies. People are more like to pay for these services, since these would be value added services.
Foolproof Concept
He is especially confident about the security aspect, saying that it is a foolproof concept he . . . → Read More: Is The Paper Money Going To Die?
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