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The best type of pick box for finding honest to goodness bargains is the flat-rate so-called "junk box." These are boxes into which the dealer has thrown coins that he has determined are not worth his time to catalog and price individually. Sometimes coins get thrown in there just because they're low grade. Other times, the coins might be high grade but just really common. Some dealers even throw in their "attribution challenges!" This latter type of pick box is, by far, the most profitable and most interesting for the cherrypicker! In reality though, most pick boxes contain a mixture of two or more categories of these types of coins. (Attribution challenges are coins that the dealer can't find in his coin catalogs. These are most often seen in World coins, but I've even found genuine U.S. Pre-Federal Colonial Copper coins in junk boxes marked "Misc. Tokens - $2 Each.")
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1840 $1,000 Bank of the United States notes: Any note with the serial number 8894 is a replica that was made in the 1960's for a promotional giveaway in cereal boxes. These replicas are essentially worthless. These replicas are made from yellowish-brown "antiqued" paper that is crisp and brittle to the touch. The genuine $1,000 Bank of the United States notes are printed on thin banknote paper that was originally white or cream colored. One supposes that if a genuine note with the serial number 8894 ever were to show up that it is likely to cause quite a stir among dealers and collectors who have grown weary of answering questions regarding this particular replica.
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Collecting paper money is an exciting hobby that is growing in popularity for many reasons. For one thing it's becoming increasingly easy to find interesting and attractive banknotes from around the world, with great visual, historical and cultural interest - often for only a few pence each. A banknote collection can be a fine investment. Many notes have been growing quite dramatically in value over the years, sometimes even over a few months. Besides this, the hobby is a great educator. It has something to teach everyone, about foreign culture, history, economics - and much more. As communication technologies brings the �global village' ever closer, it becomes ever more desirable to have a knowledge of foreign affairs and cultures. It's amazing how much knowledge of this kind you naturally absorb while enjoying this hobby. But collectors also love banknotes for their rich visual appeal. Every banknote collection is most definitely an art collection - and one of growing value.
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Cherrypicking is the art of searching through coins, looking for the specimens that have been overlooked for some reason. When searching through rolls of coins that you from your local bank, you might be cherrypicking for die varieties or older dates (such as looking for Wheat Pennies among the circulating Lincoln Memorial Cents out there today.)
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Monetary System Bailout - A Historical Perspective

Wed, 24 Sep 2008 11:38:23 +0000
By Tim Shuck for CoinLink
Political favoritism, incompetence, corporate greed — phrases right out of news headlines regarding the current financial crisis. It would be easy to believe that the present situation is unique, unprecedented in our history, but that is likely not true. From 1893 to roughly the end of the century there was another ...]

$500 Million in Colonial-Era Shipwreck Treasure Gold and Silver Coins

Fri, 18 May 2007 19:32:00 +0000

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