Sunday, March 23, 2014
Wednesday, March 19, 2014
Lets see if you can tell me when is a pound not 16 ounces? Answer later if anyone doesn't know.Here is a silver trading unit for silver 31.1 grams .999 fine silver
Troy weight is a system of units of mass customarily used for precious metals and gemstones. There are 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437½ grains. Both systems use the same grain defined by the international yard and pound agreement of 1959 as exactly 0.06479891 gram. Although troy ounces are still used to weigh gold, silver, and gemstones, troy weight is no longer used in most other applications.
Wednesday, March 5, 2014
United States two-dollar bill
The United States two-dollar bill ($2) is a current denomination of U.S. currency. The third U.S. President (1801–09), Thomas Jefferson is featured on the obverse of the note. The reverse features an engraved modified reproduction of the painting The Declaration of Independence by John Trumbull.
The bill was discontinued in 1966 but was reintroduced 10 years later as a potential cost-saving measure. Today, it is seldom seen in circulation, and as a result, the production of the note is the lowest of U.S. banknotes: fewer than 1% of all notes currently produced are $2 bills. This comparative scarcity in circulation, coupled with a lack of public awareness that the bill is still in circulation, has also inspired urban legends and occasionally has created problems for people trying to use the bill to make purchases.n April, 1976, the Treasury Department reintroduced the $2 bill as a cost-saving measure.[22] Series 1976 $2 bills were redesigned and issued as a Federal Reserve Note. The obverse design remains basically unchanged since 1929 and features the same portrait of Jefferson. A green treasury seal and serial numbers replace the red used on the previous United States Notes. Since the reissue of the bill coincided with the United States Bicentennial, it was decided to use a bicentennial themed design on the reverse. An engraved rendition of John Trumbull's The Declaration of Independence replaced Monticello on the reverse. However, only 42 of the 47 persons in the painting are included in the engraving.
| My Series 1976 $2 bills |
In 1929, when all U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. The obverse featured a cropped version of Thomas Jefferson's portrait that had been on previous $2 bills. The reverse featured Jefferson's home, the Monticello. The note's seal and serial numbers were red. The Series of 1928 $2 bill featured the treasury seal superimposed by the United States Note obligation to the left and a large gray TWO to the right
| Here is my 1928 Two Dollar Bill |
.Anyway, here are 18 facts you probably didn't know about all those $2 bills you're currently squirreling away for no good reason:
- Although Thomas Jefferson has been featured on the $2 bill since 1869, it was Alexander Hamilton's portrait that originally graced the front of the bill when it was introduced in 1862.
- Jefferson's home, Monticello, was first featured on the bill's reverse side in 1929. The Monticello gift shop reportedly now gives them out as change to encourage their circulation.
- In 1925, the U.S. government tried -- unsuccessfully -- to increase the popularity of the $2 bill by placing one in federal employee pay envelopes.
- After years of public indifference to the $2 bill, production was finally discontinued in 1966, only to be restarted as part of the U.S. Bicentennial celebration in 1976.
- The revised $2 bill from 1976 replaced Monticello with a depiction of John Trumbull's painting "Declaration of Independence."
- Industrious folks looking to create a moneymaking collectible had the new $2 bills postmarked by the U.S. Postal Service on their first day of issue (April 13, 1976).
- Unfortunately, so many of them did so that, even today, there are enough postmarked bills floating around to ensure they don't command much above the $2 bill's face value.
- As a general rule of thumb, if a $2 bill has a red Treasury seal and serial numbers, it's at least a somewhat valuable collectible. If the bill has a green Treasury seal and serial numbers, then it's probably not worth more than face value.
- Believe it or not, $2 bills are seen in circulation so rarely that some people think they're counterfeit upon first encountering them.
- In 2005, a Baltimore man was arrested and held in custody until Secret Service agents could verify that the 57 $2 bills he used to pay Best Buy for installing a radio-CD player in his son's car were genuine.
- Actually, it's a wonder we don't see $2 bills more often; as late as the turn of the 21st century, more than $1.1 billion worth of the bills were in circulation.
- For its part, the U.S. Bureau of Engraving and Printing continues to print $2 bills, including 230 million of them in 2006. Even so, $2 bills make up just 1% of all U.S. bills in circulation.
- In 1989, Geneva Steel in Provo, Utah, paid its employee bonuses with $2 bills to highlight the importance of the steel mill to the local economy. That fact became obvious after the rare bills began appearing in stores throughout the surrounding communities.
- Then again, not every merchant is enamored with $2 bills. Over the years, there have been more than a few claims of businesses refusing to accept them as legal tender.
- According to the U.S. Treasury, merchants aren't legally obligated to accept $2 bills -- or bills of any other denomination. Yes, they have to accept U.S. dollars, but those dollars don't have to be in the form of coins and paper money.
- Legally, there is nothing stopping vendors from choosing to accept payment in U.S. dollars for goods and services only via credit cards or other electronic means.
- The next time you pay for something using a $2 bill, the odds are that the cashier will have to put it under the cash drawer. That's because most businesses prefer to use the register's five bill slots for ones, fives, 10s, 20s, and checks or coupons.
- Speaking of spare change, for quite a while now strip clubs have been including $2 bills in their customers' change whenever possible to help increase tip income for their dancers. Well, at least that's what I've been told.
Silver certificates are a type of representative moneyissued between 1878 and 1964 in the United States as part of its circulation of paper currency.[1] They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.[2] The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – 24 June 1967 to 24 June 1968) in raw silver bullion.[1] Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender.[1]
I have over 100 $1.00 Dollar Silver Certificates in various state of circulation. I also have several $5.00 Silver Certificates
I have over 100 $1.00 Dollar Silver Certificates in various state of circulation. I also have several $5.00 Silver Certificates
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