New Pound Coin in 2017

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March 2017 will see a dawn of a new coin era in British History. The Round Pound as we know it, will be replaced by new 12 sided coin. The present round shaped One Pound coin was introduced in 1983 and is the oldest British coin in circulation.

Due to increase in counterfeit activity of this coin, Government decided to replace them with more security featured coin. Nearly 1.4 Billion coin will replace Round Pound in March 2017.

The new coin is having a maximum diameter of 23.43 from point to point and weighs 8.75 gram and edge thickness of 2.8mm. The coin will be 12 sided with rounded edges and corners.

It is dual coloured coin which has been achieved by use of Nickel Brass on outer side and Nickel Plated Solid Alloy in inner side.

To Commemorate the last round pound, Royal Mint has issued the commemorative coin, which is more superior in quality than other coins which are inc circulation.

Scripophily- A New Numismatics.

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Scripophily, as it evolved in 1970’s is a specialized field of numismatics, which deals in study, and collection of bonds and shares.

 

Bonds and shares have always been popular among collectors (Scripophilists) for various reasons such as their inherent beauty of the old bonds, historical context of each bond or because of their engraving.

ROW 189B

There are thousands of Scripophilists worldwide. Over the centuries, companies have grown into empires and shaped the modern financial system, shares of those companies have the historical significance, that’s what attracts most of the collectors.

Each bond is different and contains unique historical information as color, paper, signatures, dates, industry, name of company, agent, holder names, etc.

 

Most of the shares in Scripophily market are cancelled bonds and cancelled in different manners, but of them are redeemable by their heir companies.

ROW 191

At Riches Of The World, all the bonds and shares for sale are original. Please go through our gallery as each share has its own uniqueness and contribution.

Keeping Silver Shining

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Silver in a purest form is a reactive metal and so soft in nature that mostly everything will bend if made out of pure silver. Over the period of time metallurgy has evolved a way to counter this issue, they add copper.

Adding Copper to silver not only makes it hard but also make its wearable and less reactive. But copper is also reactive, but less reactive than silver.

Even kept in open air at room temperature, over the period of time, pure silver (sterling silver) or silver mixed with copper start appearing black or yellow as it slowly react with moisture in the air, oxygen etc.

In some way its a good sign, which means that metal in your hand is pure. So to keep your silver in original condition, it is important to keep it away from air.

That’s why most of the mint made coins come in a airtight pack. So if you have silver bullion or any other coin, store them in an airtight capsule. Don’t leave your coin in open for a while.

Why Denver Mint Morgan Dollar is rare than that of other mint.

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Morgan Dollar was USA first standard silver coin. It was minted from 1878 to 1904 and then again in 1921. The coin was named after its designer George T Morgan. The observe depicts Liberty portrait, while reverse depicted eagle with open wings. Due to shortage of silver, the mint ceased minting coin in 1904.

Denver Mint Morgan Dollar

Then again in 1918, Pittman Act authorized melting and recoining of millions of silver dollars. Pursuant to the act, Morgan Dollar minting started again in 1921. From 1878 to 1904, the Dollar was stuck at Philadelphia, Carson City, San Francisco and New Orleans.

Denver Mint Morgan D Dollar copy

Denver Mint, which opens its gate in 1906, never stuck a Morgan Dollar since it was stopped in 1904. So when Morgan’s mintage started again. It was stuck at all the old mint plus Denver Mint, but since it was replaced by Peace Dollar replaced Morgan later that year, limited number of coins were minted at Denver Mint and they can be easy recognisable as “D” mint mark above Dollar in Reverse.