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Cherrypicking dealer stock, such as the boxes of slabbed coins or 2x2's, generally requires that you have a lot of back and forth interaction with the dealer. Typically, he'll hand you one box at a time to look through, and if you're fast, you might be pestering him several times in a short period of time for more coins to check. In such a scenario, it is important to be courteous and patient, and to only pull out and set aside the coins that you are pretty sure you're going to buy. The reason is that the dealer must go to several different places to put back any unsold coins you've pulled out.
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Lesson learned. If I have coins that I think might be improved with a good cleaning, I seek out an expert. The vast majority of the time, he tells me what I'm telling you: when it comes to cleaning coins, don't!
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One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
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Another type of luster seen on United States gold coins is satiny in texture. Satiny luster tends to be less attractive than frosty luster but it can be very appealing. I would describe it to the new collector as having asoft look and it is often seen on branch mint coins from the 19th century and on San Francisco issues from the 20th century.
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1862 U.S. Legal Tender $1 notes. The cost of the Civil War was huge in dollars and lives. To finance the war both North and South turned to paper currency issues. The Union issued $1 and $2 currency notes beginning in 1862. A second issue of 1862-63 added $5, $10, $20, $50 and $100 notes. Unlike the contemporary Confederate issues, the Union notes were printed in smaller numbers with better specie backing. As the war progressed the notes traded at only a percentage of their stated values; but they also traded at a major premium to Confederate notes. Today Union notes are much rarer than most Confederate issues. The $1 note is the most common. Depending on condition these notes usually sell for between $100 and $1000.
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Peace Dollar Last but Not Least

Wed, 05 Nov 2008 16:14:00 +0000
In the United States, true silver dollars, large coins with 90 percent silver content, ceased being manufactured with the Peace dollars of 1935. To...



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3. The Bureau of Engraving and Printing answers to what cabinet officer?

Daniel Frank Sedwick Treasure Auction #4

Fri, 17 Oct 2008 17:41:22 +0000
Daniel Frank Sedwick, LLC ( www.SedwickCoins.com ) announces the release of their new mail-bid Treasure Auction #4 by catalog and internet.
The auction closes November 6. Highlights of this sale include:

A California Gold Rush-era gold ingot from the S.S. Central America (1857) estimated at $125,000+ and also a gold bar marked with the “En Rada” stamp ...]

Dubai gold trade increases 29%Emirates Business 24/7, United Arab Emirates - 9 hours agoby Staff Writer on Sunday,January 27,2008 The total gold trade through Dubai reached $19.03 billion (Dh70bn) in 2007, an increase of 29 per cent fr

Sun, 27 Jan 2008 14:02:15 +0100
Trend News Agency, Azerbaijan -Gulf ) - The total gold trade through Dubai reached $19.03 billion in 2007, an increase of 29 per cent from 2006, according to a statement by Dubai Multi ...

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