Gold and silver were indeed considered money under the US Constitution, and the Constitution granted Congress the authority to coin money, regulate its value, and specify the standards for coinage. Thomas Jefferson, one of the Founding Fathers of the United States and the third President of the United States had strong opinions about central banking […]
The concept of coinage dates back to ancient civilizations and the earliest coins were developed independently in various regions of the world. It’s important to note that the concept of using standardized metal coins as a medium of exchange and representation of value emerged independently in different cultures over time. The specific dating and details […]
The central banking system is a crucial component of a country’s monetary and financial framework. It plays a pivotal role in managing a nation’s currency, money supply, interest rates, and overall economic stability. Central banks operate as independent entities or government agencies and are responsible for implementing monetary policy to achieve specific economic goals.
Until the California Gold Rush in 1849, the largest denomination in US coinage was the $10 gold piece, or Eagle. Significant quantities of gold were piling into the Philadelphia Mint. It was clear something had to be done to conserve space and make tremendous amounts of gold more convenient to handle. The coin under discussion […]
To say that, as a type, the Indian Head Gold Eagle ($10) is one of the world’s more valuable gold series on the market is not an overstatement. The series has value in terms of market preference, but more importantly, its significance to the numismatic achievement the Indian Head Eagle represents. Forged from the force […]
The Saint-Gaudens Double Eagle is the most popular and recognizable coin in United States numismatics. The front and back of the coin, designed by the most preeminent American sculptor of the 19th Century, Augustus Saint-Gaudens, is a landmark in numismatic history. The Saint-Gaudens Double Eagle series, minted between 1907 and 1933, is world-renowned as the […]
The Morgan Silver Dollar was a United States minted coin from 1878 to 1904. It was then minted heavily in 1921 under The Pittman Act, authorizing the melting and coinage of millions of silver dollars. The design was replaced by the Peace Dollar later in 1921. The Morgan Silver Dollar is 90% silver and 10% […]
Great investment in the gold market aren’t always in gold bullion itself. Some rare coins double and triple in value in short periods of time. Midas Gold Group is not only the nation’s #1 veteran-owned gold dealer trading over $100 million in precious metals but is also a full-service gold specialist for many investors.
Coins have been a method of payment since the 6th or 5th century BCE. Always a store of value, the invention of coins has been surrounded by mystery. Herodotus claims the first coins were minted by the Lydians. Aristotle claims the first coins were minted by Demodike of Kyrme. In 1792, the American Congress passed […]
Long before the US Mint began offering gold and silver bullion coins, they issued, as part of their regular distribution, gold coins in 4 denominations. They were the $2.50 Quarter Eagle; the $5 Half Eagle; the $10 Eagle, and the $20 Double Eagle. Actual gold content of these coins ranged between .1209 to .9675 troy […]
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