Category Archives: Paper Money

Currency Spotlight: Chinese Renminbi (Yuan)

Chinese Renminbi 100 Yuan

 

 

 

 

Two weeks ago, we featured Afghanistan’s Afghani banknotes, a colorful and historically rich currency that is a great addition for any foreign banknote collector. This week, we’re going to talk about the Chinese Renminbi, commonly known as the Yuan.

A little background info first

The official name of the currency of China is called the Renminbi, which when directly translated means, “[the] people’s currency.” Where it differentiates is that the “yuan” is actually the basic unit of measure for the renminbi, even though it is what the currency is referred to outside of China. The distinction between, “yuan” and “renminbi” is pretty much the same as the difference between “sterling” and “pound” in the UK.

History of The Renminbi

Throughout it’s long history China has used many different currencies. China was also the first country to use a fiat currency during the Yuan Dynasty. However, the yuan currency wouldn’t appear until the Republic of China era. During this time, the yuan was simply a denomination unit. Each currency was distinguished by a currency name such as the “gold yuan” and “silver yuan.”

Once the communist part gained control of large portions of northeast China in 1948 and ’49 they established the People’s Bank of China. This new bank then took over currency issued in communist controlled China. After the People’s Republic of China took control of the country the Renminbi was issued throughout the country.

This was the only currency used within the country for some time, however, it wasn’t the only currency to be used within mainland China. Fast forward to 1978, with the opening of the mainland Chinese economy, China began to use a dual-track currency system. The Renminbi was used domestically, and foreigners were forced to use foreign-exchange certificates, this was later abolished in the early 1990′s.

The Renminbi Today

Since it’s inception, the RMB has issued five different series. Today, the series has both banknotes and coins available for use and has even seen a few commemorative designs. One that stands out is the commemorative note from the 2008 Summer Olympics in Beijing. A green 10 yuan note was issued featuring the “Bird’s Nest” on the front and a classic discus thrower along with other athletes on the back.

Well that’s it for this week’s currency spotlight. As always, Great American Coin company is a purveyor of numismatic collectibles, and like with all of our foreign currencies, we are selling them as collectibles only, and not on a speculative basis.

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The Ancient History of the Afghanistan Afghani

10 Afghan Afghan

Afghanistan, a land of rich history running back thousands of years. This country has long been a gateway to the east, and has seen the rise and fall of many storied and ancient civilizations. It’s currency is as storied as its country’s history. Curious about this storied currency? Read on to find out about this unique numismatic collectible.

The Afghan Rupee

Before the Afghani was created, the original currency in Afghanistan was the Rupee. The Afghani wouldn’t appear until after 1925. The Rupee had originated in the 16th century, when it was issued by the Afghan monarch Sher Shah Suri during his rule of Northern India. In actuality, this is where the Indian Rupee comes from. Before 1891, this was part of a tri-metallic money system, where the Rupee was issued in silver, along with the copper falus, and the gold mohur. There was no fixed exchange rate between the three metals, and each region issued their own coins.

The Afghan Afghani

Originally issued in 1925, the original Afghani was actually a coin and contained about 9 grams of silver and wasn’t the highest denomination of money in Afghanistan. Issued along with the Afghani was the bronze and brass pul, the billon pul which was worth 20 pul, the silver Afghani, and the gold amani. In 1952, the aluminum and nickel clad steel puls were introduced, followed by the aluminum Afghani in 1958. Additionally, between 1925 and 1928, The treasury issued bank notes in denominations of 5, 10, and 50 Afghanis.

For most of the Afghani’s existence it’s exchange rate has been determined freely by market forces. However, for some periods of time, a dual exchange rate existed within Afghanistan. There was an official exchange rate that had been determined by the Afghan central bank, and a free market exchange rate that was determined by the supply and demand forces in Kabul’s money bazaar.

The Afghani was re-issued in 2002 with no subdivisions, which means there was only one denomination with no lesser denominations equaling one Afghani. Today, the currency has continued to gain confidence in its country of origin, and is a beautiful and colorful collectors piece for those looking to include the middle east in their collection of foreign banknotes.

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The Complete Historical Guide to Silver Certificates

Gold certificates, Federal Reserve Notes, US notes, all these notes always get so much attention. But, what about silver certificates? One of the most prolific certificates in US history, and one of the longest lasting legal tender notes next to Federal Reserve notes (US currency today). This guide will help bring to light some of the history behind these pieces of US history, and highlight this often overlooked collectible currency.

The “Crime of ’73″ – Silver Certificates are created

As the heading so dramatically puts it, the “crime of ’73″ was the passage of the fourth coinage act of 1873, which, at the time, made it so that silver was no longer part of the standard of currency, effectively ending the bimetallic standard of the US and ended production of silver dollars. However, due to public outcry and denouncement from the shift away from silver, an act was passed by Congress that required the government to purchase silver to be minted into coins.

Series 1878 – The First Silver Certificates

$1 Silver Certificate 1899 Series

 

 

 

 

 

In 1878 the first silver certificates were printed. These notes ranged in denominations from $10 all the way up to $1,000! However, banks were leery of the new bill. While they were much more convenient and less bulky to carry than silver coins, the new paper money was no accepted yet for all transactions. While they could be used in bank reserves and for taxes and public debts, they were not considered legal tender for private transactions. Due to this lack of ability, people still preferred the silver coins also due to the fact that paper currency was not trusted at all. Congress passed legislation to clarify this so that the silver certificates could actually be used in day to day activities, as well as authorized the printing of smaller denominations which helped increase circulation of silver certificates.

Small Size Large Amount of Power

In the early 1900s, then Secretary of the Treasury, Franklin MacVeagh, started up a committee to investigate the possible advantages of issuing smaller sized US banknotes. Unfortunately, due to the outbreak of World War I and the end of his tenure, any recommendations found by the committee were stalled. The question wouldn’t rise again until 1925 when Secretary Mellon would create a similar committee and probably found the same advantages that his predecessor’s committee had found. In July of 1929, the treasury would start issuing the smaller currency.

$10 Silver Certificate 1934 Series

 

 

 

 

An interesting little side note, the date on the bill did not necessarily mean that was the date when the bill was printed. The date on the bill signified the last time there was a major design change on the currency. Changes such as signature changes led to a letter being added below the date.

The Sun Sets on Silver Certificates

By 1963, the demand for silver bullion had risen to a cool 110 million ounces per year. Worried about a silver shortage, the government issued laws that repealed earlier acts that allowed people to purchase silver bullion and established base prices that it could not go below. This provided specific instructions to hold the silver that they currently had in reserve against the issued certificates still in circulation. Additionally, this also amended the Federal Reserve Act to allow them to begin gradually retiring small denominations of silver certificates and releasing silver bullion from reserves. While they still retain their legal tender status, the bill has been effectively retired and then, as of 1968 all redemption in silver had ceased.

Well, we hope you enjoyed this trip down memory lane for the Silver Certificate. Curious about adding one of these banknotes to your collection? Great American Coin Company is proud to carry several denominations and series of these great numismatic collectibles.

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The Banknote MVP: Gold Certificates

Gold Certificates are considered by many collectors to be the MVP (Most Valuable Paper) of banknote collecting. Especially since the gold recall of 1933, most notes were taken out of circulation and destroyed, making the notes highly valuable, especially if found in uncirculated condition. But, we’ll get to that in a minute, first we need to introduce the notes and when they first began.

A Hazy Beginning

The early history of US gold certificates is particularly unclear. They were first authorized for production and circulation with the Currency Act of 1863, but unlike the United States Notes (which were representations of the national debt, which we talked about in an earlier blog post), gold certificates weren’t printed until 1865. The first notes had a very small amount of information on them. They weren’t issued with series dates, and were hand-dated upon issue. At that time, issue meant that the government had the equivalent value in gold that they were issuing the note on. Additionally, they were basically promissory notes to pay the amount in gold only to the depositor, who was identified in great detail on the actual certificate itself. The only art featured on these first notes was an eagle vignette which was used across all denominations.

$500 USD Gold Certificate 1865

Gold Certificates Become Legal Tender

From 1862 to 1879, US notes were considered legal tender but were not convertible to their value in gold due to being direct representations of the national debt at the time. However, some transactions, such as dealing with interest on the national debt had to be made in gold, which meant that the early gold certificates were usable in transactions that US notes were not. However, they still were not used in general circulation due to the extremely high value of the notes at the time. In 1879, the government became willing to redeem US notes at face value in gold, making gold certificates able to be used in general circulation. However, it wasn’t until the 1882 series of notes that made them payable to bearer and not just depositor.

$1000 Gold Certificate 1882

Gold Certificates Large and Small

Gold certificates, like all US banknotes were made in two different sizes. From 1865 to 1928, the notes were a larger size and a smaller size from 1928 to their end in 1934. These notes eventually became known as “goldbacks” like their “greenback” cousins due to the reverse of the gold certificates being orange. Also, it was during this time that gold certificates began having identical denominations to the other banknotes in circulation.

$20 Gold Certificat 1922 Series

The Gold Recall of 1933 and Gold Certificates Today

In 1933, to keep the public from hoarding precious metals, FDR and Congress instituted the Gold Recall of 1933, making it illegal for the public to own or trade in gold coins or certificates. Most of the currency from this period was returned to US banks and was redeemed and destroyed. However, in 1934, the US issued a new series of gold certificates to be used in intrabank transactions. Today, the US Treasury has issued gold certificates to the Federal Reserve Banks. However, these are merely to denote the collateral for any issue of Federal Reserve notes (our currency today).

Curious about adding a piece of our currency’s history to your collection? Great American Coin is proud to offer $20 gold certificates from the 1922 series.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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Top 5 Most Valuable US Banknotes

While we’ve talked about some of the most valuable coins and some of the most sought after pennies, one thing that hasn’t crossed our blog yet, is what are the top 5 most valuable US bank notes. These are the MVPs of collectible bank notes, and some versions of them are even sitting in museums. Curious? Read on…

No. 5 – 1918 Alexander Hamilton $1000 Banknote

The first banknote on our list made it’s acting debut on an episode of Pawn Stars. Valued at a cool $7,000 on the episode, the reason why this rarity was valued so low is because there are so many of them known to still exist in comparison to the others on this list. 150 copies of this bill are known to still exist. However, depending on serial number and date issued, they can go for almost ten times the face value of the bill!

No.4 – 1928 $50 Gold Certificate

This gold certificate holds almost the same mythical collecting status as the Saint Gauden’s Double Eagle. Only a dozen of the $50 gold certificates survived in collector’s hands after FDR’s famous gold recall in 1933. The most recent one that came up for auction sold for over $120,000. Not too bad of a return for a bill that was technically illegal to own until the 1970s.

No.3 – 1882 $500 Gold Certificate

This banknote was one of the first banknotes printed in the US and was part of one of the craziest discoveries of old banknotes that I’ve heard of. The note was discovered after the execution of a turn of the century banker’s will which lead to the discovery of the near mint collection of bank notes, with notes (including this one) dating back to the civil war. Crazy how these bills survived 130 years in mint condition stuffed at the back of a cash drawer. After going to auction, this certificate sold for $2.7 million. Not surprising since the only other known to exist is in the Federal Reserve exhibit in the Smithsonian.

No.2 – 1891 Red Seal $1000 Banknote

This banknote, like the gold certificate listed above is another one of the lottery level rarities in banknote collecting since only two are known to exist and the last time one came up for auction was in 1944. This banknote previously held the record of highest value sold at auction when it was sold at $2.5 million. The only other banknote to sell higher than this is the one listed at No. 1 on our list.

No.1 – 1890 Grand Watermelon Bill

Now, I know, how can you take a banknote known as the grand watermelon seriously. But don’t mistake the funny name for something that isn’t a serious collector’s item. The name of the bill comes from the design and denomination of the bill. It’s actually a $1,000 bill. The watermelon nickname came from the design on the bill showing green and white striping on the denomination along with the curvature of the numbers make them look like watermelons. The last time this went up for auction back in 2013, it sold for an easy $3.2 million.

Well, there you have it, as you can see, US currency is a very popular collectors item and while these might be some of the most valuable collector’s items, it doesn’t mean that there aren’t other great collectibles to gain. If you’re curious, check out some of the great collectible banknotes, foreign and domestic, that we have in stock!

 

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Red Seal, Blue Seal, Gold Note, Silver Note

When you look down at that $5 bill in your pocket. Have you ever wondered why that seal is green? Or why even include a seal? Well, once upon a time, there were actually different styles of notes. The notes that we have today are actually called Federal Reserve notes, but at one time, there were silver certificates and gold certificates as well, where banks were obligated to give you the same amount as dictated by the bill in that amount of silver or gold. Let’s take a look back at the different styles of bills and what the secrets of those seals actually are.

Yellow Seal US Dollars (Gold Certificates)

Introduced in 1863, the yellow seal US bank notes were actually gold certificates. Meaning, that the denomination of bank note was backed by the same amount in gold in the US treasury, and that you could exchange that certificate for the gold at a bank in the US. Which meant that US money was at one time backed by the Gold Standard. There were several times that this standard was suspended though. It was suspended twice during World War I and made it a free floating currency, similar to the fiat currency that it is today. The gold standard US dollar came to a close in 1933 with the Gold Reserve Acts, which made it illegal for the public to be in possession of gold coins or certificates. In 1964, the act was lifted and the notes could be traded again, however, like the silver certificates, they could no longer be redeemed for their value in gold, and became a collectible for numismatists.

Blue Seal US Dollars (Silver Certificates)

Similar to their gold standard cousins, the blue seal US bank notes were in fact silver certificates. These notes first began circulating in 1878 and were backed by the US stockpile of silver bullion. These certificates could be redeemed for their value in silver. At first, it was through an exchange of the certificate for silver dollar coins and later became an exchange for raw bullion. These notes were mainly done in the 1, 5, and 10 dollar denominations. In 1963, the notes were discontinued with a deadline of 1968 placed on any remaining silver certificates to be redeemed for their value in silver. These notes are still considered legal tender today but are valued at their face value and not at the current price of silver.

Red Seal US Dollars (US Notes)

The red seal dollars are an interesting fare. They were started during the Civil War and were in production for about one hundred years, making them one of the longest produced notes next to the dollar produced by the Federal Reserve. These notes were actual pieces on national debt. Which means they were direct obligations by the US government and that the individual who had them owned a piece of the national debt. These notes went out of circulation in the 1960s and were removed as legal tender in the mid 90s.

Green Seal US Dollars (Federal Reserve Notes)

The bills that we all use today are actually known as Federal Reserve notes. These are the only notes still being actively produced and are also the youngest. First introduced in 1914, these notes are backed by the US government but aren’t actually produced by the US. Instead, the 12 Federal Reserve banks within the US prints this money and, by law, must maintain enough assets to balance the notes issued. This currency is actually a fiat currency and is not based on any gold or silver standard.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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The Mysterious Two Dollar Bill

It’s been known as a rarity, a fake, and has had three different versions of itself. I’m speaking about the two dollar bill of course. This bill has had an interesting spot in US numismatic history, and is even the center piece to some urban legends and conspiracy theories. However, despite popular opinion, this bill is still produced and is still considered legal tender. But, why would you want to spend this rare US bill when you could keep it as a colorful historical piece of your collection. Today, I’ll be going over briefly about its history and the different versions that have sprung up over the years.

It started as a “greenback”

The first two dollar bill was printed in 1862 as a US bank note and featured Alexander Hamilton in profile in the portrait of the bill. Interesting little side fact, the term “greenback” came from these bills because of the largely green ink on the reverse of the notes. Anyway, the bill would be redesigned in 1869 to feature the portrait of Thomas Jefferson which is the same portrait used on the bill today. But, the bill wouldn’t always feature Jefferson through its lifetime.

The First Two Dollar Bill in 1862

Who is that on the 2 Dollar Bill?

Like I said above, Jefferson wouldn’t always be the one gracing the obverse of the $2 bill. In 1886 when the first $2 silver certificate was issued, Civil War general Winfield Scott Hancock, would be the man featured on the bill until 1891. In 1896, an “educational series” silver certificate would feature Samuel Morse (one of the inventors of Morse code) and Robert Fulton (inventor of the steamboat) on the reverse of the bill. The obverse contained a mythical figure bringing the science of electricity and steam to commerce and industry. Additionally, George Washington would grace the portrait of the bill in 1899.

1896 Educational Series Two Dollar Bill

Same bill now in smaller size

In 1928, all US bills were shrunk from their large size to the standard size we know and use today. The $2 bill was issued once again as a US bank note, with Thomas Jefferson on the obverse portrait of the bill. The bill would keep Jefferson as the portrait on the obverse and have his home Monticello on the reverse. This bill would basically stay the same, but would go through several other minor changes from its 1928 series. In 1953, the bill was brought in line to the same procedures as the $5 bill and once again was changed in 1963 before it was discontinued in ’66 however, this would not be the last time this bill would be seen.

Don’t call it a comeback!

In 1976 as a cost-saving measure and as a way to celebrate the US’s bicentennial, the two dollar bill was brought back. This new bill was printed as a federal reserve note, and featured the same portrait of Jefferson from 1928. The reverse would feature John Trumbull’s painting of the signing of the Declaration of Independence.

Superstition still surrounds this curious bill as some consider it bad luck to own or carry around a $2 bill. What I can guess where this comes from is because of the tumultuous history of the bill, but it’s just a guess. An interesting urban legend behind the bill is that Steve Wozniak buys them in sheets from the treasury department and binds them in a booklet. Interesting if it’s actually true. Well, there you have it folks, not such a mysterious bill when you spell it all out.

If you’re curious, or would like to add it to your collection. We do carry several different series of the $2 bill. Check them out!

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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History of the Indonesian Rupiah

While the Rupiah is the official currency of Indonesia today, the origins of this country’s currency dates back to the early colonial period in history. The first coin like currency used by the natives appeared around the ninth century formed from beads. Gold and silver coins wouldn’t appear until the arrival of Europeans in the twelfth and thirteenth centuries.

 A brief history of Indonesia

The island chain of Indonesia has been ruled by several different nations from the colonial period all the way up until Post-WWII. The first form of bank note currency that existed in Indonesia wasn’t the Rupiah, it was actually the Duit, which was the currency of the Dutch East Indies Trading Company, the quasi business nation that ruled over Indonesia before becoming nationalized by the Dutch in the 1800′s who then introduced their own currency the Gulden.

During WWII when the islands were occupied by the Japanese, they issued their own form of the Gulden, after liquidating the Dutch national banks on the island chains, which lead to the economy becoming destabilized from the Japanese over-printing the money. However, as the war continued, the Japanese shifted tactics and began encouraging Indonesian nationalism and independence. They issued a second printing of their money, this time in the native language, and it was called the Netherland Indies Roepiah. Which can be seen as the pre-cursor to the Rupiah today.

Japanese Occupation Gulden

A Gulden Note from the Japanese Occupation

Post WWII and the Indonesian Rupiah Today

Republic of Indonesia Rupiah 1945

Indonesian Rupiah from 1945

After WWII, the Indonesians rebelled against the Allied re-occupation, and refused to used the Allied issued Gulden and continued to use the Japanese bank notes along with locally printed money. This is the first appearance of the Rupiah, which was produced in Java, one of the larger islands in the chain. After a long and drawn out struggle with the Dutch and the Allies, Indonesia’s independence was finally recognized, and the Rupiah was born. Afterwards, the Rupiah has experienced varying levels of instability from the mid to late-20th century. Today, the currency has lost most of its value due to the country still having not recovered from the Asian financial crisis in ’98-’99.

Today, the country plans on redenominating the currency to strike several zeroes from the currency to streamline ease of use, since most transactions with the Rupiah today is in the several thousands. While some are concerned that this will further devalue the currency, the head of the national bank stated that this is simply to make day-to-day transactions easier. So, from what we can tell, the currency in it’s current form is becoming closer to a collectible each day.

Indonesian Rupiah Today

Indonesian Rupiah Today

 

 

 

 

 

 

If you’re curious about the currency, or are looking to include another artistic bank note to your collection, we carry a wide variety of Rupiahs, and, like we’ve stated with our other foreign bank notes. Great American Coins is a purveyor of numismatic collectibles, we do not sell any currency on a speculation basis, it is for collection only.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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History of the Vietnamese Dong

The second piece in our exotic currency series, comes from Indochina! This bright and colorful currency is a fantastic show piece for any foreign currency collector. Of course, I’m speaking of the Vietnamese Dong. When the currency was first created there were actually two different forms of the Dong; the North Vietnamese Dong, which was a replacement of the French colonial currency of the Piastre and the Southern Dong came after South Vietnam was given its independence and was no longer a French Territory.

The Northern Vietnamese Dong

North Vietnamese Dong

In 1946, the North Vietnamese government issued the Dong as the replacement for the French Indochinese Piastre. This had both coin denominations and bank notes. The coins were on a cent scale with the xu being 1/100 of a dong and the hao being one tenth. In 1946, the coins were made of aluminum and brass, but changed to all aluminum when the dong was re-issued in 1959. This currency would stay as the currency of North Vietnam until the reunification of Vietnam in the 1970′s.

The Southern Vietnamese Dong

South Vietnamese Dong

The Southern Vietnamese Dong was issued by the French state commission for indochinese states and was issued in parallel with the piastre. In 1955, once the country had truly become independent of French rule, the country reissued the Dong and was produced by the country’s national bank. Like the North, the South’s Dong was also on a cent scale but only had one denomination for coins known as xu. There were different coin and bank note denominations for the xu and dong. These coins were made of different metals, usually aluminum or nickel plated steel.

Unification and the Vietnamese Dong

After South Vietnam’s governement fell in 1975 the southern Vietnamese Dong was converted into the northern counterpart to unify the currency. Today, the currency still stands as a collectible currency and is a fantastic exotic currency for any foreign currency collector. However, like the dinar it has also become the vehicle for snake oil “currency exchanges,” and has been used as a scam. Like the Dinar, Great American Coin DOES NOT sell the Dong on a speculation basis, we continue to sell numismatic collectibles for enjoyment and does not condone any use of this currency on a speculation basis.

 

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Past and Present: The Iraqi Dinar

25000 Iraqi Dinar NoteWhile not as old as other collectible notes or currency, this foreign bank note is an exotic collectible in contemporary bank notes. It’s colored past and present have made it the subject of scrutiny and the latest fad for snake-oil salesmen, but it’s beautiful artistry and colorful inks still make it a highly collectible item to include in any bank note collection. Of course, I’m speaking of the Iraqi Dinar. Today, we’ll dive into its past and explore a little bit of its present news.

History of the Dinar

The Dinar first came into creation in 1932 and replaced the Indian Rupee, which had become the country’s currency after the dissolution of the Ottoman Empire and British Occupation after World War I. At creation the Dinar was pegged at par with the British Pound (GBP) until 1959 where it was then tied to the USD. The Dinar had a very strong historical value even after the devaluation of the USD in 1971 and ’73. However, this changed after the Gulf War in 1991. Where, due to UN sanctions, the Iraqi Government no longer had access to the swiss printing that they had used in the past. This is where the currency split between the Iraqi Dinar that was produced by the National Bank of Iraq and the “Swiss Dinar.”

During this time, the Swiss Dinar continued to be circulated in the Kurdish region of Iraq, due to their refusal to use the lesser quality bank note that was being issued from the Bank of Iraq. This created an interesting disparity in the value of the two notes in Iraq. While the Iraqi Dinar quickly devalued due to sanctions and excessive printing. The Swiss Dinar actually appreciated against the Iraqi Dinar and was considered a stable currency.

Following the second Gulf War in 2003, the Coalition Provisional Authority determined that Iraq needed a new, unified currency, but because of the two notes, establishing a proper exchange rate was extremely difficult. Once the exchange rate was established, they went about distributing the new currency in exchange for the Iraqi Dinar and the Swiss Dinar.

 The Iraqi Dinar Now

Today, the Iraqi Dinar holds a very low status in the US. Since the main export of Iraq is oil, which is sold in USD, the Iraqi Dinar still maintains its “exotic” status. Which has lead to the creation of a multi-million dollar industry based on speculation of the Iraqi Dinar. These snake-oil salesmen disguised as foreign exchange companies would sell the Dinar at an inflated price to speculators and push the idea that there would be a revaluation at a favorable price and the speculators would get rich off of the better exchange rate. This “speculation” has been included on the US’s Better Business Bureau’s list of top 10 scams and has lead to several state securities commissions warning investors of this scam. However, as a collectible, the time hasn’t been better to get a beautiful piece of art as a bank note collector to include with a collection of exotic currency, past and present.

We would like to reiterate, Great American Coin is a purveyor of numismatic collectibles both past and present, we DO NOT CONDONE selling Iraqi Dinars on a speculative basis, these are a collectible, and sell them as such. If you would like to include this exotic piece of money art in your collection, check out the Iraqi Dinars we have available. We also have some more information on the Iraqi Dinar if you’re interested.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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