Atilla
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Pat494
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I've got a cunning plan maybe.
The old silver dollar is now worth considerably more now than the $1 originally.
Silver is relatively cheap so the mints around the world mass produce 1 oz silver coins. They would soon inflate in value helping to pay off the debts.
see below
By Patricia Reaney
NEW YORK, Jan 24 (Reuters) - A 1794 silver dollar, which many experts believe was the first such coin struck by the U.S. Mint, sold for a record $10 million at auction on Thursday.
The Flowing Hair Silver Dollar more than doubled the previous $4.1 million record for a coin set in 1999, auction house Stack's Bowers Galleries said.
Legend Numismatics, a rare-coin firm based in New Jersey, bought the coin, which was the highlight of the evening sale in New York that fetched a total of $17.2 million.
"We felt in our heart that this would be the very first coin to exceed the $10 million barrier in auction and were in fact prepared to bid much high in order to acquire this unique piece of history," the company said in a statement, adding it had no plans to sell the coin in the near future.
David Bowers, chairman emeritus of Stack's Bowers Galleries, said the coin has unique features that make it particularly valuable.
"It is the first American metal dollar struck and the finest known. You have these combinations coming together. No museum has an equal piece," he told Reuters.
The coin was part of the Cardinal Collection, amassed by the collector Martin Logies. Bowers described the collection as the "Old Masters" of coins struck during the earliest years of the U.S. Mint.
"I think it is extraordinary and I am very pleased that the first silver dollar is the first to top the $10 million threshold," said Logies, who purchased the coin three years ago.
The $10 million price includes the buyer's commission.
Like the buoyant art market, which is expecting another good year in 2013, Bowers said coins are a good investment, have a worldwide market and have risen steadily in value.
"We're continually surprised by surprises," he said, adding there are several million coin collectors around the globe. "They want to collect coins for appreciation, art, rarity and beauty."
The record-setting coin shows a profile of Miss Liberty facing right surrounded by stars representing each state in the union. The design was only used in 1794 and briefly the following year.
Another top seller in the sale of 94 lots was the 1792 Half Disme, which dates back to David Rittenhouse, the first director of the U.S. Mint. It fetched $975,000, excluding the 17.5 percent buyer's commission. (Reporting by Patricia Reaney; Editing by Jill Serjeant and Eric Beech)
The old silver dollar is now worth considerably more now than the $1 originally.
Silver is relatively cheap so the mints around the world mass produce 1 oz silver coins. They would soon inflate in value helping to pay off the debts.
see below
By Patricia Reaney
NEW YORK, Jan 24 (Reuters) - A 1794 silver dollar, which many experts believe was the first such coin struck by the U.S. Mint, sold for a record $10 million at auction on Thursday.
The Flowing Hair Silver Dollar more than doubled the previous $4.1 million record for a coin set in 1999, auction house Stack's Bowers Galleries said.
Legend Numismatics, a rare-coin firm based in New Jersey, bought the coin, which was the highlight of the evening sale in New York that fetched a total of $17.2 million.
"We felt in our heart that this would be the very first coin to exceed the $10 million barrier in auction and were in fact prepared to bid much high in order to acquire this unique piece of history," the company said in a statement, adding it had no plans to sell the coin in the near future.
David Bowers, chairman emeritus of Stack's Bowers Galleries, said the coin has unique features that make it particularly valuable.
"It is the first American metal dollar struck and the finest known. You have these combinations coming together. No museum has an equal piece," he told Reuters.
The coin was part of the Cardinal Collection, amassed by the collector Martin Logies. Bowers described the collection as the "Old Masters" of coins struck during the earliest years of the U.S. Mint.
"I think it is extraordinary and I am very pleased that the first silver dollar is the first to top the $10 million threshold," said Logies, who purchased the coin three years ago.
The $10 million price includes the buyer's commission.
Like the buoyant art market, which is expecting another good year in 2013, Bowers said coins are a good investment, have a worldwide market and have risen steadily in value.
"We're continually surprised by surprises," he said, adding there are several million coin collectors around the globe. "They want to collect coins for appreciation, art, rarity and beauty."
The record-setting coin shows a profile of Miss Liberty facing right surrounded by stars representing each state in the union. The design was only used in 1794 and briefly the following year.
Another top seller in the sale of 94 lots was the 1792 Half Disme, which dates back to David Rittenhouse, the first director of the U.S. Mint. It fetched $975,000, excluding the 17.5 percent buyer's commission. (Reporting by Patricia Reaney; Editing by Jill Serjeant and Eric Beech)
Mr. Crabs
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Really what's his deal. I know he's well aware that to buy any major stock in America he has to pay dollars for it right?
I just don't see the point of his remarks.
Mr. Crabs
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Yes the dollar is inflated and continues to lose value, and yes the dollar is the strongest currency. 😱
Shall we continue going back and forth? 😴
I like owning the $US dollar. Wouldn't prefer any other currency over it.
Atilla
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I don't think his doctor knows either 😆
When ever gold, dollar or fiat currencies are mentioned NT launches a scud attack with all hell blazing. What ever you do - don't mention gold, communism or fascism, capitalism or socialism and finally, raising the tax level, otherwise he'll really go into all out nukes. 😉
He worships gold :idea:
Atilla
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Addenda:
1. 57% of nurses say their ward or unit is sometimes or always "dangerously understaffed"
2. 76% have witnessed "poor" care in the past year
Referene: Nursing Times
I think somebody somewhere someday will have to start discussing death planning.
Sorry to be cynical but we have an impending aging, pension and death problem and NHS or social services not likely to be able to cope with expectations of looking after the elderly in some fancy way until they die out because organs simply fail. The poor elderly lady who had to drink from a vase - I expect didn't have access to a phone or any family who could help. Check up on her perhaps. Does she live alone, if so how at her age?
We need to discuss euthanasia so people can die with dignity in a planned and controlled way... :idea:
Don't elderly people have any family to take care of them? Also, it is very difficult to take care of any elderly person who is bed bound.
As for the NHS - underpayed and under resourced and yet we are to pay up to £75,000K p/a looking after the elderly so they can maintain their houses to pass on to their children who can't be bothered to look after them. It is a joke.
Those nurses who work their socks off to the core and are paid the extra ordinary sum of £7,500 p/a whilst training can be such heartless souls. Working long hours and shift work. Nothing is quite good enough.
Nurses can't afford property to rent or families because they are paid a pittance whilst some old codger who is ready to rollover gets 10 times as much. Our society is becoming so illogical and messed up. :whistling
I mean we have birth control, pregnancy planning, pension planning and the unexpected old age and death 😱
Always catches people out that one. 😉
Apologies in advance Splitlink... 😱
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Pat494
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Oh great deal Dipstick !!
The EU budget for this year will be £908 billion. 40% of this huge figure is earmarked for farmers. Plus the usual handouts for the PIIGS I suppose and expenses for 2 parliaments etc.
I like the idea of a Europe with a constructive purpose but it needs a viable system to make the EU competitive with the USA etc.
The EU budget for this year will be £908 billion. 40% of this huge figure is earmarked for farmers. Plus the usual handouts for the PIIGS I suppose and expenses for 2 parliaments etc.
I like the idea of a Europe with a constructive purpose but it needs a viable system to make the EU competitive with the USA etc.
Pat, for Heaven's sake, have your referendum! You are supposed to be getting one in 5 years, which shows typical on-the-fence thinking by the Brits.You should capable of knowing what you want to do 2 years max. The rest is waste of time and, in the UK's case, a waste of money.
0007
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The proposed referendum is a con by "Call me Dave" to get us to vote for him - that's why it's in 5 years time, after the election. Probably yet another "cast iron guarantee" 😆
mike.
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Is it as cunning as a fox what used to be Professor of Cunning at Oxford University but has moved on and is now working for the U.N. at the High Commission of International Cunning Planning ???
How To Get Real Silver From Your Bank By Saying 5 Words | Leadingtrader.com
😆 😆
0007
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Split - living in Euroland you may not have noticed that Dave isn't a Conservative even though he leads the party.
Yes, at the moment I feel great (comparatively, for my age) but I am not too happy about the future for our age group--or any other age group, for that matter, but we are first!
Atilla
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Re: The end of horse meat in the EU
Europe's horse meat scandal is spreading, as French consumer safety authorities say companies from Romania, Cyprus and the Netherlands were part of a supply chain that resulted in horse meat being disguised as beef in frozen lasagne sold around the continent.
French companies were also part of the supply chain.
France's junior minister for consumer goods, Benoit Hamon, said an initial investigation shows that one of the;
1. French companies bought frozen meat from a
2. Cypriot trader, who had received the meat from a
3. Dutch food company. And that Dutch company had received the meat from a
4. Romanian supplier
Romanian authorities are investigating. Dutch authorities say they are ready to investigate if necessary.
Find out who the smallest guy is first and then brand his butt with some spurs...
Europe's horse meat scandal is spreading, as French consumer safety authorities say companies from Romania, Cyprus and the Netherlands were part of a supply chain that resulted in horse meat being disguised as beef in frozen lasagne sold around the continent.
French companies were also part of the supply chain.
France's junior minister for consumer goods, Benoit Hamon, said an initial investigation shows that one of the;
1. French companies bought frozen meat from a
2. Cypriot trader, who had received the meat from a
3. Dutch food company. And that Dutch company had received the meat from a
4. Romanian supplier
Romanian authorities are investigating. Dutch authorities say they are ready to investigate if necessary.
Find out who the smallest guy is first and then brand his butt with some spurs...
People are not, always, what they seem.
"What's in a name? That which we call a rose
By any other name would smell as sweet."
Even if it's called horse****.
We'll be eating frogs, next!
Mr. Crabs
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Atilla
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Yes absolutely, although some argue it is a currency and some say both.
I say gold is what ever you want it to be baby :cheesy:
To me this is real gold -> Bolt Meadow, Pulborough, West Sussex | Woodlands.co.uk 👍
BeginnerJoe
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Frogs tastes like chicken. Maybe you have already been eating frogs while thinking it was chicken.
