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  • How A Gold Bar Changed The Way We View Egyptian Culture

    Gold has always played a role in how humans measured wealth. Gold bullion seemed to catch the eye of Earth's inhabitants as far back as 2500 B.C. in Egypt, as descriptions of the metal appeared in hieroglyphs cast in building walls. By 1500 B.C., gold had become recognized as the preferred med...
  • Adding Up the Value of a Coin Collection

    Maintaining hobbies while aging may help keep cognitive abilities sharp. Hobbies promote social and active lifestyles, which may delay the progression of age-related diseases like Alzheimer's. "Older people may enjoy the camaraderie of a club," Texan coin dealer Mike Fuljenz told the Chicago Tribun...
  • Collectible Civil War Tokens

    Civil War tokens are some of the most coveted collectors' items from the era. They have become even more popular this year, as 2011 marks the 150th anniversary of the Confederate attack on Fort Sumter and the start of the Civil war. When the war began, Union citizens immediately began hiding and ...
  • What Should You Bring To A Coin Collectors Show?

    Ever wonder if any of the coins at the bottom of your coin jug are worth anything? According to Daniel Ward, coin expert from the International Coin Collectors Association (ICCA), your coins, jewelry, and even old silverware may be worth more than you think. The ICCA travels all over the country to...
  • Alexander Hamilton and the History of the U.S. Mint

    On September 11, 1789, George Washington appointed Alexander Hamilton Secretary of Treasury. In his five years serving, he was the primary author of a number of economic policies for the Washington Administration, including The Coinage Act, which Congress passed on April 2, 1792. The Coinage Act ...
  • The end of the gold standard

    From about 1880 to 1913, most countries adhered to gold as the standard backing currency. This period, known as the classic gold standard, was a period of unprecedented economic growth, according to the Library of Economics and Liberty. It wasn't until 1944 that, with the Bretton Woods system, an i...
  • The Myth of King Midas (and the Midas touch)

    The myth of King Midas and the Midas touch is the ultimate "be careful what you wish for" parable. Midas was the King of Pessinus, a city in Phrygia. He was a good king but had an obsession with gold and money. The myth of the Midas touch begins when Dionysus, the god of wine and revelry, passed th...
  • Hidden Inca gold

    In the 16th century, Francisco Pizarro captured the Inca leader Atahualpa after he defeated his brother for the throne. The Inca offered a ransom of a room full of gold, but before their final and largest installment of the treasure, they found that Atahualpa had already been killed. Legend has it...
  • El Dorado: Hopeless myth or hidden wonder?

    The folklore surrounding a certain gilded city still draws hopeful adventurers to present-day Colombia. The original legend of El Dorado began in the 16th century when Europeans believed there was a city made of gold hiding in the New World. Native tribes living in the Andes Mountains of present-da...
  • Former Bush adviser predicts gold standard will return

    October 12, 2011 (Boston) - Mass amounts of debt in U.S. households, unemployment and waning confidence in the strength of the U.S. dollar are factors that will help bring back the gold standard, a former adviser to President George W. Bush told a conference at a right-leaning think tank in the U.S....

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