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According to the World Gold Council, annual mine production of gold over the last few years has been close to 2,500 tonnes. About 3,000 tonnes goes into jewelry or industrial/dental production, and around 500 tonnes goes to retail investors and exchange traded gold funds. This translates to an annual demand for gold to be 1000 tonnes in excess over mine production which has come from central bank sales and other disposal.
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If a banknote collector ever falls down at heel, he has a valuable nest egg in store, which he can sell at one of the specialist collectors� auctions - often at an amazing profit. Many collections however, are passed on within the family - to a son, a daughter or a grandchild. Indeed, a banknote collection makes a superb family heirloom, for besides being a thing if monetary value, and a gold-mine of interesting information, it also conveys the spirit of the compiler
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The most common luster seen on United States gold coins, especially those from the 19th century, is frosty in texture. Frosty luster can be extremely attractive. I would describe it to the new collector as having a hard look and it is most associated, in my experience, with coins produced at the Philadelphia and San Francisco mints.
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17th century rare gold coin recovered in Newfoundland, Canada
Sun, 15 Jun 2008 17:38:00 +0000
Call it the 17th century equivalent of losing your bank card - and then picture the owner losing his mind trying to find it. Sometime around 1627,...
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Loonies and Toonies - Canadian Dollar Coins
I have just returned from a wonderful 10-day trip to Nova Scotia and the Canadian outback, and as a dedicated numismatist, I couldn't help but observe the way that the...
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