Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Sunday, November 4, 2012

The first paper currency issued by the Department of the Treasury were Demand Notes Series 1861. The original "Greenback" was created during the Lincoln Administration. It is considered by some to be a "fiat currency" because its value is not connected to gold or silver. The first series Greenback is exchangeable for a government bond that pays 6 per cent interest per annum. The Greenback came with a red seal.
 
The above image is a counterfeit 1862 note. It was printed on legitimate paper, but has no red seal. Therefore, it is counterfeit.

Friday, February 17, 2012

Mercury dimes rule!


Also referred to as the "winged liberty dime," the Mercury dime was struck 1916-1945. The 1916-D Mercury dime is the key date with only 264,000 issued. The 1917-D is the second rarest in this issue.





Friday, February 10, 2012

A great collection of Washington quarters


The value of money is always changing, yet remains the same. These silver quarters have a fixed value, but our perception of their value is constantly changing from moment to moment. Their true worth is not only irrelevant, but impossible to determine. Value comes in many forms.