Coins cost more to make than face value
WASHINGTON - The next time someone offers you a penny for your thoughts, you might want to take them up on it.
In general, cost is related to 1) issuing authority (ruler or city state), 2) denomination, and 3) condition. Note well: So-called "rarity" is NOT on this list. It plays a role, but that role is often misrepresented.
cost The price paid for a numismatic item.
counterfeit Literally, a coin that is not genuine. There are cast and struck counterfeits and the term is also applied to issues with added mint marks, altered dates, etc.
Cost of production and soaring zinc prices - As of May 15, 2006, zinc prices have risen to 0.9 cents per penny (more than twice the value of last fall). The government spends another estimated 0.
[cost of quicksilver and payments to Massachusetts Bay are totalled]
65
- 5 ...
The cost of coin collecting is quite cheap. The coin book costs around £15, the magnifying glass can vary from £2-£5, and the coins can vary from £0.15 to £10. In coin shops, the coins can cost a lot more, because there is more age to them.
The cost associated with holding a financial instrument or storing a physical commodity over a defined period of time.
Cash
U.S. currency.
Low cost, cheap, trivial. "Nickel and Dime Store" = shop selling cheap everyday items.
Dime:
10 cent coin. "Buddy can you spare a dime?" "A dime a dozen" = very cheap.
Wars cost a great deal of money. Alfred the Great, who prevented the Vikings from conquering all England, increased the number of mints to at least 8 so that he would have enough coins to pay his soldiers and to build forts and ships.
If the cost of an entire set is too much, a year set could prove to be a much more frugal approach. As mentioned earlier, the Philadelphia mint generally produced the majority of Barber dimes.
(1) the cost of minting, marketing, and distributing such coins, and
(2) the value of gold certificates (not exceeding forty-two and two-ninths dollars a fine troy ounce) retired from the use of gold contained in such coins, ...
With the cost of having a coin certified, not may people are willing to send in less valuable coins to have them graded and slabbed. This is left to the few dealers who can afford to do so because of shear volume and discounts.
Banknotes cost between 10 cents and 25 cents each when you buy them in lots of 25 to 100. Patronizing several dealers brings a mix of material. Since kids come to the door in small packs, you can give out a random sampling.
Due to the cost of maintaining an inventory, and the expenses of travel, advertising and insurance, the final after-tax earnings of most dealers is a very small percentage of their total sales, usually around 5%.
Test-cut Owls can be had on the marketplace at a considerable discount, generally anywhere from 15 to 50 percent of the cost of a coin not test cut.
cost of a 1979 silver dollar
cost of a 1979 silver dollar
cost of a 1979 silver dollar
New value of 1891 penny IH
New value of 1891 penny IH
New value of 1891 penny IH
New value of 1891 penny IH
New value of 1895 penny IH ...
To provide additional profits in a time of small change shortage, when tokens could readily be passed for significantly more than their cost.
seigniorage The profits resulting from the difference between the cost to make a coin and its face value, or its worth as money and legal tender.
There are scores of clubs in existence that would provide bountiful information to you at no cost. Civil War reenactment, antique bottle clubs, antique hairpin clubs, antique button clubs. You name it there's a club that can answer your questions.
seigniorage - the difference between the cost of minting a coin and what the mint gets for it. Example, it may only cost 6 cents to manufacture a half dollar. However, the mint gets 50 cents for it. The result is 44 cents profit, or seigniorage.
Nemisis Ancients - I think Herbert wins the quality/cost championship. I am a regular.
Ancient Imports - Marc is great to deal with and has a very large and varied offering.
Ancient Coin Art - Massive inventory.
Most of the world coin dealers I know maintain working libraries that may have cost them many thousands of dollars to assemble and they may spend hundreds of dollars each year adding new "paper tools" to their necessary box of equipment.
The silver for these medals was to come from Mint stock, thereby saving the newly formed Norse-American Centennial Commission the cost of procuring silver on the open market.
Recently people were paying more than $100 for coins that cost $3 from the RAM in Canberra. These same coins will be minted ALL YEAR and be available ALL YEAR for $3 from the mint.
The former should be available in the $12,500-15,000 range while the latter will cost $20,000 and up. I can see the argument for both sides when considering an MS63 or an MS64 for a BVG gold type set.
This could minimize your cost, assuming you can then sell the extras. From there, ...
Normally their cost is high enough to cover their special manufacturing costs. Sometimes the initials PR or PF are used with a number to indicate the "grade" or degree of excellence of the proof coin.
By the 1920's, the Treasury Department launched a cost saving measure by reducing the physical size of the currency.
An obvious way of lowering the cost of coins for a collection is to buy low grade examples. Many well worn bronze coins of Claudius bear later countermarks certifying them for circulation.
This is often referred to as a "transaction cost."
A typical spread on our most common bullion coins (e.g. Canadian Maple Leaf or South African Krugerrand gold coins) may range from approximately 5% to 20% depending on the coin though spreads may ...
Humbert replied that he had not assayed the silver and considered it to be no more valuable than copper for his purposes because the cost of parting it from the gold was greater than the value of the silver alloy.
Other merchants advertise free shipping with orders over $75 or $100 but raise the prices of everything they sell 15-20% to cover this cost.
If the package weighs under 13 ounces, third class may cost a few cents less. Packages weighing up to 2 pounds can be sent by priority mail to a U.S. address (including APO) for $3.00. Insurance is additional.
Additionally, cash-basis accounting is not viable for cost accounting in manufacturing operations because expense is not associated with product cost.
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On February 22, 1922, legislation was passed which provided "That for the purpose of aiding and deferring the cost of erecting a community building in the village of Georgetown, Ohio, and a like building in the village of Bethel, Ohio, ...
Only a few coins in this exhibit cost over $100. High quality, expensive coins, including gold, are available but have been avoided in this educational exhibit. This exhibit cost about $2000 to assemble in the early 80's.
Needless to say, given the cost in time and fees of resubmissions, a dealer's ability to predict how other experts would grade a particular coin is very important to the bust-out game.
However, by the early sixth century, consulships were not held every year and the cost of the games so expensive that in the east, where the senators were not as wealthy as the old families in the west, the emperor defrayed part of the costs.
Foreign orders will be shipped Insured or Registered Mail, whichever is most applicable, and will be billed actual cost.
Early in 1854, the new Mint Director, James Ross Snowden, was informed that impressing the rays into the reverse dies required an extra operation, and therefore more time and cost.
This area takes quite a bit of effort, but it is probably the single best, and certainly the most cost effective method of drawing the general public into your show.
The challenge is there, and the cost is not as much as you might think.
During the conquest of Asia Minor the cost of maintaining Alexander's army reaches about 20 talents or half a ton of silver a day but later enormous quantities of Persian bullion are captured.
With ancient coins, too, low-cost specimens are counterfeited today. As Wayne Sayles points out in his 2001 book Classical Deception: Counterfeits, Forgeries and Reproductions of Ancient Coins, ...
In 1973, Nixon signed a peach accord with North Vietnam, finally extricating the country from a conflict that had cost 58,000 American lives. However, his achievements were overshadowed by a constitutional crisis at home.
Many coins show animals on them and a collection of these would run into several hundreds and could cost you as much, or as little, as you liked.
My principal thought is that it's unlikely that such a fantastic error would have found its way into my pocket at such a nominal cost unless it was an unintentional mint product.
After all, most pressed pennies cost around 50 cents, are less than 20 years old and for the most part have a fun factor much higher than a value factor.
The most common varieties will cost you $350 in Good, $750 in Fine. Chances are, you can get them cheaper than $350, even in Good- you may have to settle for minor problems, or cleaned pieces.
Revenue or a profit taken by the government from the minting of coins, usually the difference between the cost of coin production (metal, labor, etc.) and the face value of the coin.
Here is a review of the cost to you of selling coins through auctions. A seller's fee of 10-15% is typical, and a fee to the bidder of 10-15% applied to the final bid, is also typical.
6 million, plus the 15% buyer's fee, which brought the total cost to the buyer to $7,590,000, plus $20 to monetize the coin and compensate the Mint for the $20 it believes it lost when the coin was thought to have been stolen.
Even if cost isn't a consideration, perfection is seldom obtainable. What's far more important than deciding whether you're willing to accept a cleaned coin, is knowing whether or not you did.
24kt is too soft to be functional, so it is alloyed with other metals for durability, cost, and color. 14kt is 14 parts gold out of 24, and the remaining 10 parts are other metals.
Seignorage - The difference between the metal or intrinsic value of the planchet plus the cost of striking deducted from the face value of the coin. In the past this was a relatively small proportion of the value, today it is increasingly larger.
Although the selection is not generally terrific, this is clearly the most cost effective way to both buy and sell coins. Particularly if the club doesn't charge to set up tables at the meeting.
Find out who pays for shipping and delivery. Generally, sellers specify the cost of shipping and give buyers the option for express delivery at an additional cost. If you're uncertain about shipping costs, check with the seller before you bid.
The premium that a dealer adds to his cost of a coin before resale. This markup covers such expenses as relate to the operation of his business and include inventory carrying costs, losses due to theft, ...
People from many countries collect or invest in sovereigns or half sovereigns, because of their relatively low cost compared to one-ounce bullion coins, and because they are readily available on online auction sites and from coin dealers.
This copper-nickel coin was introduced to replace the silver 2 Annas coin, due to the high cost of silver. Unlike the situation with the higher denomination coins, this coin was not discontinued and was minted through the end of the George V era.
 See also: Coin, Collector, Dollar, Silver, Mint
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