American Buffalo (Coin)
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American Buffalo (Coin)
The American Buffalo, also known as a gold buffalo, is a 24-karat bullion coin first offered for sale by the United States Mint in 2006. The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This was the first time the United States Government minted pure (.9999) 24-karat gold coins for the public. The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of US$50. Due to a combination of the coin's popularity and the increase in the price of gold the coin's value has increased considerably. The initial 2006 U.S. Mint price of the proof coin was $800. In 2007 the price was $899.95, $1,410 in 2009, and $2,010 in 2011. In addition to requiring a presidential dollar coin series to begin in 2007 and redesigning the cent in 2009, the Presidential $1 Coin Act of 2005 mandated the production of a one-ounce 24-karat gold bullion coin with a face value of $50 and a mi ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Big Tree (war Chief)
Big Tree (Kiowa: Ado-ete (ca. 1850–1929), was a noted Kiowa warrior and chief. He was a loyal follower of the fighting chiefs party (led by Satank, Satanta, and Guipago), and conducted frequent raids upon other tribes and white settlers, often being associated with Tsen-tainte ("White Horse"). Born in Kiowa territory (possibly present-day Oklahoma), Big Tree, along with the Kiowa, was forced onto a reservation at Fort Sill in present-day Oklahoma by the Medicine Lodge Treaty Council in 1867. He began leading raids against white settlers near the reservation and across the Red River in northern Texas. In 1870, Big Tree purportedly led a raid on Fort Sill in Indian Territory, but gained his notoriety from the Warren Wagon Train Raid the following year. Big Tree was arrested days later, along with Satanta and Satank, and tried for murder in Jacksboro, Texas. They were the first American Indian chiefs to be tried in civil court. The Warren wagon train and trial On May 18, 187 ...
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American Buffalo (play)
''American Buffalo'' is a 1975 play by American playwright David Mamet that had its premiere in a showcase production at the Goodman Theatre, Chicago. After two additional showcase productions, it opened on Broadway in 1977. Plot Act I takes place at about 11 a.m. Don, who owns the junk shop where the entire play takes place, has sold a buffalo nickel to a customer for $90 but now suspects it is worth considerably more. He and his young gofer, Bob (sometimes called Bobby), plan to steal the coin back. Bob has been keeping watch on the customer's house and reports that he has left for the weekend with a suitcase. Teach, a poker buddy of Don's, arrives and learns of the scheme. He persuades Don that Bob is too inexperienced and untrustworthy for the burglary, and proposes himself as Bob's replacement. Teach suggests they steal the whole coin collection and more. Don insists on their poker buddy Fletcher going with Teach. Teach continues to argue that he can do the job without Fle ...
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American Eagle Bullion Coins
American Eagle bullion coins are produced by the United States Mint. These include: * American Silver Eagle * American Gold Eagle * American Platinum Eagle The American Platinum Eagle is the official platinum bullion coin of the United States. In 1995, Director of the United States Mint Philip N. Diehl, American Numismatic Association President David L. Ganz, and Platinum Guild International Execu ... * American Palladium Eagle References {{Money-unit-stub Bullion coins of the United States ...
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Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies, foreclosures, and the devaluation of housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratings from rating agencies. While elements of the crisis first became more vi ...
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Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf (GML) is a gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold. Having a .9999 millesimal fineness (24 carats), in some cases .99999, the coin is among the purest official bullion coins worldwide. The standard version has a weight of minimum 1 troy ounce (31.10 grams). Other sizes and denominations include 1 gram, ($0.50), ($1), ($5), ($10), and ($20). The Gold Maple Leaf's obverse and reverse display, respectively, the profile of Queen Elizabeth II of Canada and the Canadian Maple Leaf. In 2013 and 2015, new security features were introduced. In 2013, a laser-micro-engraved textured maple leaf was added on a small area of the reverse (Maple Leaf) side of the coin. In the centre of this mark is the numeral denoting the coin's y ...
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American Gold Eagle
The American Gold Eagle is an official gold bullion coin of the United States. Authorized under the Gold Bullion Coin Act of 1985, it was first released by the United States Mint in 1986. Because the term "eagle" also is the official United States designation for pre-1933 ten dollars gold coins, the weight of the bullion coin is typically used when describing American Gold Eagles (e.g., "1/2-ounce American Gold Eagle") to avoid confusion. This is particularly true with the 1/4-oz American Gold Eagle, which has a marked face value of ten dollars. Details Offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces. By law, the gold must come from sources in the United States, alloyed with silver and copper to produce a more wear-resistant coin. In addition, sales of these and other specie coins from the US Mint are mandated, at least in part, to pay off the nat ...
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Coin Collecting
Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors often include those that were in circulation for only a brief time, coins with mint errors, and especially beautiful or historically significant pieces. Coin collecting can be differentiated from numismatics, in that the latter is the systematic study of currency as a whole, though the two disciplines are closely interlinked. A coin's grade is a main determinant of its value. Commercial organizations offer grading services and will grade, authenticate, attribute, and encapsulate most coins. History People have hoarded coins for their bullion value for as long as coins have been minted. However, the collection of coins for their artistic value was a later development. Evidence from the archaeological and historical record of Ancient Rome and medieval Mesopotamia indicates that coins were collected and catalogued by scholars and state treasuries. It also seems p ...
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Mint Mark
A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It should not be confused with a mintmaster mark which is the mark of the mintmaster. History Mint marks were first developed to locate a problem. If a coin was underweight, or overweight, the mint mark would immediately tell where the coin was minted, and the problem could be located and fixed. Another problem which could occur would be a dishonest mint official debasing the coin, or putting less precious metal in the coin than specified. The first mint marks, called "Magistrate Marks" were developed by the Greeks, and named the Magistrate in charge of producing that coin. Debasing a coin, or otherwise tampering with it, was a very serious crime, often punishable by death in many civilizations. For example, in 1649, the directors of the Spanish colonial American Mint at Potosi, in what is today Bolivia, were condemned to death for seriously debasing the coinage. The init ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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West Point Mint
The West Point Mint is a U.S. Mint production and depository facility erected in 1937 near the U.S. Military Academy in West Point, New York, West Point, New York (state), New York, United States. the mint holds 22% of the United States' Gold reserve, gold reserves, or approximately 54 million ounces (over $100 billion USD ). The mint at West Point is second only to the gold reserves held in secure storage at United States Bullion Depository, Fort Knox. Originally, the West Point Mint was called the West Point Bullion Depository. At one point it had the highest concentration of silver of any U.S. mint facility, and for 12 years produced circulating penny (United States coin), Lincoln cents. It has since minted mostly commemorative coins and stored gold. It gained official status as a branch mint, branch of the United States Mint on March 31, 1988. Later that year it was listed on the National Register of Historic Places. Building Prior to its 2005 remodel that added a second sto ...
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In God We Trust
"In God We Trust" (also rendered as "In God we trust") is the United States national motto, official motto of the United States and of the U.S. state of Florida. It was adopted by the U.S. Congress in 1956, replacing ("Out of many, one"), which had been the ''de facto'' motto since the initial design of the Great Seal of the United States. While the earliest mentions of the phrase can be found in the mid-19th century, the origins of this phrase as a political motto lie in the American Civil War, where Union (American Civil War), Union supporters wanted to emphasize their attachment to God and to boost morale. The capitalized form "IN GOD WE TRUST" first appeared on the Two-cent piece (United States), two-cent piece in 1864; it was not printed on Federal Reserve Note, paper currency until 1957 and on some postage stamps until 1954. A law passed in July 1955 by a joint resolution of the 84th United States Congress, 84th Congress () and approved by President Dwight Eisenhower requ ...
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