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Mexican Silver Coins

Friday, March 27th, 2009

Detlef Warner asked:

There is nothing quite like finding the perfect coin to complete a set, whether you are just starting out with a hobby of coin collecting or you have been doing it for ages. Many people collect past and current coins from all over the world. If you are after a particularly handsome addition to your own personal set you will not do better than becoming the proud owner of a Mexican silver dollar coin, which if in perfect condition will always be a sight to behold. There are several of them about, so have a good look around and see what you can find.

One Mexican silver coin which fits the bill well and is quite easy to locate if you are looking in the right places is the Mexican Silver Libertad. It is a one ounce silver bullion coin first placed in circulation during the late nineteen forties. It was discontinued in some years after but during the late seventies production of the coin started up again. This coin comes in several forms each with different patterns so there is plenty to go at if you decide to start a collection of these. The design on the coin is themed around the famous eight ton gold statue, the Angel of Independence, which towers over Mexico City. It captures the struggle of Mexico’s history, thus making it an important coin for anyone to have as part of their coin collection.

There is no other coin to touch or even come close to the elegance and good looks of the Silver Libertad and since 2002 the Bank of Mexico (Banco de Mexico) has created a limited edition of only one thousand one hundred coins which have been kept out of circulation. As this Mexican silver coin was unavailable in the United States of America, it is sure to have become serious collector’s items. There were also 2003 Libertads produced in a limited run of 3000 coins, weighing in at a grand total of one kilo.

For anyone coin collector who has an interest in the history and culture of Mexico, the Silver Libertad plays a valuable role in their collection of coins. When you get one you will know you have a Mexican silver coin to be proud.

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Tags: Culture Of Mexico, Mexican Silver Coins, Personal Set, Silver Bullion, Silver Coin, Silver Dollar
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Manufacturers/wholesalers and Exporters

Thursday, March 26th, 2009

Ashok asked:

Leo Tradex Pvt. Ltd. is one of India’s leading manufacturers/wholesalers and exporters of exclusive handmade beaded trimmings, bullion crests/emblems, beaded fringes, appliqués, motifs, horn bone buttons and handmade garments accessories like necklaces, hangings, jacquard laces, braids and other fashion accessories from India. Our satisfied customers are from garment industry, home furnishings, designers, collections, accessories line, wholesalers and are in this field for the last fifty years.

Leo Tradex Pvt. Ltd. has been established by our Grand Parents. “S. Lal Zariwala” is the associates of Leo International, one of the leading manufacturers and Exporters if hand made three dimensional artistic bullion wire embroideries. We are the pioneers in the field of hand embroideries and exclusive manufacturers for designer’s workshops, fashion accessories, garment manufacturers, wholesalers and so on.

On the other hand, we specialize in the intricate three dimensional hand embroidery related to the religious groups such as Church Embroideries, Masonic products, Jewish prayers accessories and so on. We can do embroideries on all kinds of fabrics, may be provided by the individuals or we can also manage the same. All the jobs are subscribed under strict quality control and are a perfection masterpiece. For more details you may please enquire in the email.

We expertise in the ancient art of hand-embroidered products using intricate craftsmanship with the Bullion Golden/Silver wires/silken threads. Our products are created exclusively by Designers of international repute. The products offered by us can also be customized as per the specific requirements of the clients. We offer Masonic gift items, Jewish religious items and a variety of other Masonic supplies and church items. Our product range also comprises of a wide variety of Christmas hangings and Christmas gift items.

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Tags: Christmas Hangings, Embroideries, Handmade Garments, International Repute, Masonic Products, Strict Quality Control
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Bullion Trading

Monday, March 23rd, 2009

Kevin Huffman asked:

Bullion trading encompasses gold, silver, precious metals and associated products which are traded through over-the-counter bullion trading platforms .US already has many decentralized units splashed all across its territory which enable bullion trading. Few countries have become price makers and left the tag of price takers far behind the toe-line. This is amply exhibited by how these countries are reacting today through the ever looming recession, focusing chiefly on bullion clouding.

The oil prices have led to the hottening up of bullion trading and it seems that drying liquidity and cabinet proposals may look to be instrumental for bullion market in recent future.

Domain expertise and best global trading practices help in setting price lines for gold trading with the most precise pricing mechanisms followed over the counter in most of the bullion trading countries.

Bullion trading requires a meticulous centre for hallmarking that can facilitate the procedure of setting gold and silver prices in accordance with the top systems. For instance, South East Asia looks up to the AM/PM system in London.

The concept of Spot gold has been traveling all through the arc of western bullion market. Spot gold trading is put forth for settlement two business days from the day of trade. Here, business day is defined as a day when both London and New York bullion exchange are open. Supply and demand theories do not move the gold market that much. It’s the interest rate differentials along with spot prices which are instrumental in freezing and melting the bullion market. This determines the volatility or the lack of it as far as gold price movement is concerned?

Interest rate for gold is obviously below intra country interest rates. This is so precisely because it would encourage gold borrowing and let the central bank monetize in chunk through their colossal gold holdings.

Today, bulk of gold and silver trading is done at the over the counter market. An optimum chunk of bullion trading is also done over internet medium.

Also, the banks are promoting the purchase of gold and they are trying to lure retail investors with handy perks to speed up the process of gold sale

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Tags: Domain Expertise, Future Domain, Gold And Silver, Monetize, Price Takers, Trading Platforms
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Peace Dollar

Wednesday, March 11th, 2009

lee williams asked:

The peace dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.

Designed by Anthony de Francisci, the Peace Dollar was so named because the word PEACE appears on the bottom of the coin’s reverse. It contains 0.77344 troy ounces of silver, and was the successor to the Morgan Dollar, which had not been regularly minted since 1904. With the passage of the Pittman Act in 1918, the mintage of dollar coins was enabled to start again. Prior to the design and acceptance of the Peace Dollar, the Morgan Dollar was minted again in 1921.

After a six-year pause in minting, the Peace Dollar was again minted in 1934 and 1935. It was minted briefly in 1965 (dated 1964), but all examples of this issue were never released to the public and were melted. The Peace Dollar is the last silver dollar minted for circulation in the United States.

hISTORY

The original inspiration for the Peace Dollar was a paper published in the November 1918 issue of The Numismatist. In it, editor Frank G. Duffield called for a commemorative coin to mark the impending end of World War I. The paper was to be presented at the summer 1918 convention of the American Numismatic Association (ANA), but the convention was cancelled due to the Spanish flu pandemic.Duffield’s paper stated that:

“An event of international interest, and one worthy to be commemorated by a United States coin issue, is scheduled to take place in the near future. The date has not yet been determined, but it will be when the twentieth century vandals have been beaten to their knees and been compelled to accept the terms of the Allies… It should be issued in such quantities that it will never become rare, and it should circulate at face value.”

The theme for the proposed coin was elaborated upon at the Chicago ANA convention of August 1920. A paper written by Farran Zerbe called for a coin that would showcase the ideals of democracy, liberty, prosperity, and honor. The proposal called for either a half dollar or dollar, in order to provide as much space as possible for the design.

Return of the silver dollar

The biggest hurdle faced by proponents of the new coin was that no dollar coin had been minted for circulation in the United States since 1904, the last year of the Morgan Dollar. The demand for silver dollars was so low that vast quantities of Morgans were still sitting in bank vaults.That hurdle was overcome with the passage of the Pittman Act on April 23, 1918. Sponsored by Nevada Senator Key Pittman, the Pittman Act allowed the US government to melt as many as 350 million silver dollars, and then either sell the bullion or use it to produce subsidiary silver coinage. Additionally, the law required the government to mint replacement dollars for any that were melted, with domestically purchased silver.

Since the Act required the minting of new silver dollars, and since no new designs had been accepted, on May 9, 1921, the US Mint resumed production of the Morgan Dollar. More than 86 million Morgans were struck during that year, by far the single highest mintage in the coin’s history. The same day that mintage of the Morgan resumed, legislation was introduced in the US Congress that called for the issuance a new silver dollar to commemorate the post-World War I peace. The measure did not come to a vote, but one was not needed. Since the Morgan had been in production (during its original run) for more than 25 years, alteration of the design no longer required legislative approval.

The job of designing the new coin would normally have fallen to George T. Morgan, the mint’s chief engraver and designer of the Morgan Dollar. But in compliance with an executive order by President Warren G. Harding, an open design competition for the new dollar was held by the Commission of Fine Arts. Nine artists paticipated, including Adolph A. Weinman, Hermon A. MacNeil, and Victor D. Brenner, designers of the Mercury Dime, Standing Liberty Quarter, and Lincoln cent, respectively. The winner of the competition was an Italian immigrant and sculptor, Anthony de Francisci, whose most recent work had been the design of the Maine Centennial half dollar in 1920.

Production of the Peace Dollar commenced on December 21, 1921, and it was placed into circulation on January 3, 1922[5]. That same day, President Harding was presented with the first Peace Dollar Roughly one million examples were struck before it was realized that the relief on the coin was so high that it was difficult to strike, and the dies used were breaking at a high rate. The relief was lowered starting with the 1922 issue. That year more than 84 million Peace Dollars were struck, the highest mintage of the series.

End of production

By 1928, the US Mint had struck enough silver dollars (Morgan and Peace combined) to satisfy the requirements of the Pittman Act. Since public demand for silver dollars did not materialize, the mint halted production of the Peace Dollar that year (with fewer than two million struck). The Peace Dollar returned briefly in 1934 and 1935, as the government needed additional backing for Silver Certificates.

The coin almost made a return in 1964, when Congress approved the mintage of 45 million new silver dollars to fulfill the needs of the booming casino industry in Nevada.The decision was controversial due to a critical silver shortage in 1965, which led to widespread hoarding of silver coinage. In response to the shortage, Congress passed the Coinage Act of 1965, which authorized the removal of silver content from circulating coinage (except for the Kennedy half dollar) minted after December 31, 1964. But under pressure from some members of Congress from the Western states, President Lyndon B. Johnson issued an order on May 15, 1965 to resume production of the Peace Dollar (dated 1964 to allow silver to be included). 316,076 Peace Dollars were struck at the Denver mint that month, before Congress overrode the Presidential order and demanded that production cease. All the coins produced to that point were ordered to be melted. Although rumors persist that some examples still survive, owning them is illegal, making it unlikely that anyone who does own one will ever come forth publicly.

Production of dollar coinage did not resume until the Eisenhower Dollar in 1971. That coin, however, has no silver content, except for some sold directly to collectors by the Mint. Likewise, the Susan B. Anthony, Sacagawea dollars, and Presidential dollars that have been minted since the Eisenhower dollar contain no silver, making the Peace Dollar the last true silver dollar

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Tags: American Numismatic Association, Ana Convention, Commemorative Issue, Silver Dollar, United States Dollar, Vandals
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Silver Dollars – For Collectors Or History Lovers

Friday, March 6th, 2009

Max Lloyd asked:

United States silver dollars have long been prized by coin collectors, but they also have a background that’s valued information for lovers of American history.

Thomas Jefferson first proposed minting a silver dollar coin in 1785 and when Treasury Secretary, Alexander Hamilton, projected a monetary system for the emerging United States of America, they began producing the coins, including the Flowing Hair silver dollar in 1794.

Silver dollars were minted in varying degrees of silver content until silver became scarce. When the incredible riches of Nevada’s Comstock Lode were discovered in the late 1850s, silver prices plummeted and the Treasury Department was required by Congress to begin producing silver coins. The Trade Dollar was minted in Philadelphia, Pennsylvania specifically to improve trade with the Orient – mainly China.

The Morgan silver dollar was designed by George T. Morgan and minted from 1878 until 1904, then ceased because of the huge amount of dollars in circulation and silver bullion again became scarce. Then, in 1921, the Morgan silver dollar was minted again, but only for the year. Silver prices skyrocketed after 1921, and Morgan dollars were melted for their content of silver bullion.

Carson City Morgan dollars were discovered at the Carson City Mint where they were produced in the 1800s. They were ultimately sold by the federal government to coin collectors in the 1970s and are some of the most prized in coin collecting.

The history of silver dollars in America is fascinating and has produced a huge following of collectors.

United States silver dollars continue to be one of the most valued silver coins collectible worldwide.

Among silver dollars, Carson City Morgan dollars are most valued dollars, and here is why.

Carson City Morgans (CC Silver Dollars) demand an indomitable place in American history. After massive quantities of silver were discovered in the 1850s in Carson City, Nevada, the town built and maintained a mintage that produced what became known as the CC Morgans.

The Carson City silver dollars look the same as the Morgan dollars, with the face of Liberty and an eagle on the reverse side, but also display the double C mint mark on the reverse side. This fact makes it extremely valuable to collectors.

Millions of Carson City silver dollars were minted during certain years, but in other years only a few thousands were minted. As a result, Carson City silver dollars total less than one per cent of the total number of American silver dollars that were minted before and after them.

All Carson City Morgans are considered very collectible, but among the most valuable of these is the 1885 Morgan CC. During this year, very few of these silver dollars were minted. The Carson City mint was officially closed in 1893.

Meanwhile, the numismatic hobby was growing by leaps and bounds. Then, in the late 1930s a few coin dealers discovered that there were uncirculated Carson City silver dollars worth $5.00 each in Washington D.C.’s Treasury Department. Naturally, the dealers began to take advantage of the opportunity.

New interest in Carson City Morgans began in 1972 when the General Services Administration began to distribute them in mail-bids. This continued until1980, when the entire cache of CC dollars was gone.

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Tags: Coin Collectors, Comstock Lode, Dollar Coin, History Lovers, Silver Content, Silver Prices
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