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Canadian Journal
Canadian Paper Money Society Journal Official publication of the Canadian Paper Money Society VOLUME 53, NUMBER 154 SEPTEMBER 2017 Seal of the Eastern Townships Bank The design is comparable to the crest on the backs of the 1906 $5 and $10 notes. See page 87. Robert J. Graham presents the next part of a history and register of The Eastern Townships Bank. Above is illustrated some interesting ephemera associated with the bank. The article begins on page 78. In this issue: Hitesh Doshi’s column takes a closer look at the window designs of the Frontier Note series . Page 74 Bernard Wilde describes how Bank of Toronto notes were altered from notes of the Colonial Bank of Canada . Page 90 Barry Uman tells us about the Scrip of Eustache Brunet dit Letang 1837 . Page 94 …and much more! Canadian Paper Money Society Journal 2017 Page 67 ISSN 0045–5237 The Canadian Paper Money Journal is published quarterly by the Canadian Paper Money Society, P.O. Box 562, Pickering, Ontario L1V 2R7. Annual dues are for the calendar year and are payable in Canadian dollars for Canadian addresses and in United States dollars for all other addresses. Membership is now available in two forms. When you sign up online, you are enrolled with a digital membership that provides access to your quarterly Journal in digital format via Honorary President our website in lieu of a printed Journal. If you President Walter D. Allan, FCNRS would prefer a printed Journal, that option is available for an additional fee. Regular Digital Ronald Greene c/o Dick Dunn Honorary Vice Presidents Annual Membership is $20.00, while Regular Robert J. -
Working Letter
Testimony of Patrick A. Heller of Liberty Coin Service, Lansing, Michigan IN SUPPORT OF HB 268: EXEMPT SALE OF INVESTMENT METAL BULLION AND COINS FROM SALES TAX AND SIMILAR LANGUAGE IN THE APPROPRIATIONS FOR FY 2022-2023 Submitted before the Ohio Senate Finance Committee May 18, 2021 Chair Dolan and members of the Committee, I write in support of HB 268 to re-establish a sales-and-use-tax exemption for investment metal bullion and coins and for similar language in the Appropriations for FY 2022- 2023 for Ohio. My name is Patrick A. Heller. After working as a CPA in Michigan, in 1981 I became the owner of Michigan’s largest coin dealer, Liberty Coin Service, in Lansing. When Michigan enacted a comparable exemption in 1999, the House and Senate fiscal agencies and the Michigan Treasury used my calculation of forsaken tax collections in their analyses. I also conservatively forecasted the likely increase in Michigan tax collections if the exemption was enacted, and later documented that the actual increase in tax collections was nearly double what I had projected. My analyses of both tax expenditures and documented increases in state Treasury tax collections were subsequently used to support a successful effort to previously adopt this exemption in Ohio. This research has also supported successful efforts to adopt sales and use tax exemptions for precious-metals bullion, coins, and currency in Alabama, Arkansas (signed into law by Governor Hutchinson on May 3, 2021 and taking effect October 1, 2021), Indiana, Iowa, Kansas, Minnesota, Nebraska, North Carolina, Oklahoma, Pennsylvania, South Carolina, Virginia, West Virginia, and Wyoming. -
Precious Metals US SILVER COINS VALUE GUIDE
Precious Metals US SILVER COINS VALUE GUIDE – coins dated 1964 and earlier Page 1 Value shown is the (US dollar*) value of the silver found in each silver coin Silver price $2.75 $3.00 $3.25 $3.50 $3.75 $4.00 $4.25 $4.50 $4.75 $5.00 $5.25 $5.50 $5.75 $6.00 $6.50 $7.00 $7.50 per troy ounce: Dime – 10 c .19 .21 .23 .25 .27 .28 .30 .32 .34 .36 .37 .39 .41 .43 .47 .50 .54 dated 1964 or before 7.2% oz Quarter – 25 c .49 .54 .58 .63 .67 .72 .76 .81 .85 .90 .95 .99 1.04 1.08 1.17 1.26 1.35 dated 1964 or before 18% oz Half Dollar – 50 c .99 1.08 1.17 1.26 1.35 1.44 1.53 1.62 1.71 1.80 1.89 1.98 2.07 2.16 2.34 2.52 2.70 dated 1964 or before 36% oz $1.00 face value of 1.98 2.16 2.34 2.52 2.70 2.88 3.06 3.24 3.42 3.60 3.78 3.96 4.14 4.32 4.68 5.04 5.40 mixed dimes, quarters or halves – dated 1964 or before - 72% oz Silver dollars 2.11 2.31 2.50 2.69 2.88 3.08 3.27 3.46 3.65 3.85 4.40 4.23 4.42 4.62 5.00 5.39 5.77 1935 or before 77% oz Most US dimes (and larger silver coins) dated before 1965 are made of 90% silver and 10% copper. -
How to Collect Coins a Fun, Useful, and Educational Guide to the Hobby
$4.95 Valuable Tips & Information! LITTLETON’S HOW TO CCOLLECTOLLECT CCOINSOINS ✓ Find the answers to the top 8 questions about coins! ✓ Are there any U.S. coin types you’ve never heard of? ✓ Learn about grading coins! ✓ Expand your coin collecting knowledge! ✓ Keep your coins in the best condition! ✓ Learn all about the different U.S. Mints and mint marks! WELCOME… Dear Collector, Coins reflect the culture and the times in which they were produced, and U.S. coins tell the story of America in a way that no other artifact can. Why? Because they have been used since the nation’s beginnings. Pathfinders and trendsetters – Benjamin Franklin, Robert E. Lee, Teddy Roosevelt, Marilyn Monroe – you, your parents and grandparents have all used coins. When you hold one in your hand, you’re holding a tangible link to the past. David M. Sundman, You can travel back to colonial America LCC President with a large cent, the Civil War with a two-cent piece, or to the beginning of America’s involvement in WWI with a Mercury dime. Every U.S. coin is an enduring legacy from our nation’s past! Have a plan for your collection When many collectors begin, they may want to collect everything, because all different coin types fascinate them. But, after gaining more knowledge and experience, they usually find that it’s good to have a plan and a focus for what they want to collect. Although there are various ways (pages 8 & 9 list a few), building a complete date and mint mark collection (such as Lincoln cents) is considered by many to be the ultimate achievement. -
United States Mint
United States Mint Program Summary by Budget Activity Dollars in Thousands FY 2012 FY 2013 FY 2014 FY 2012 TO FY 2014 Budget Activity Actual Estimated Estimated $ Change % Change Manufacturing $3,106,304 $3,525,178 $2,937,540 ($168,764) -5.43% Total Cost of Operations $3,106,304 $3,525,178 $2,937,540 ($168,764) -5.43% FTE 1,788 1,844 1,874 86 4.81% Summary circulating coins in FY 2014 to meet the The United States Mint supports the needs of commerce. Department of the Treasury’s strategic goal to enhance U.S. competitiveness and promote Numismatic Program international financial stability and balanced Bullion – Mint and issue bullion coins global growth. while employing precious metal purchasing strategies that minimize or Since 1996, the United States Mint operations eliminate the financial risk that can arise have been funded through the Public from adverse market price fluctuations. Enterprise Fund (PEF), established by section 522 of Public Law 104–52 (codified at section Other Numismatic Products - Produce and 5136 of Title 31, United States Code). The distribute numismatic products in United States Mint generates revenue through sufficient quantities, through appropriate the sale of circulating coins to the Federal channels, and at the lowest prices Reserve Banks (FRB), numismatic products to practicable, to make them accessible, the public and bullion coins to authorized available, and affordable to people who purchasers. Both operating expenses and choose to purchase them. Design, strike capital investments are associated with the and prepare for presentation Congressional production of circulating and numismatic Gold Medals and commemorative coins, as coins and coin-related products. -
Silver Coinage Under the Emperor Nero
DEBASEMENT OF THE Silver Coinage Under the Emperor Nero BY T. LO UIS COMPARETTE, Ph. D. NEW YORK 1914 V JL43359 1 ONE HUNDREDS COPIES REPRINTED FROM THlE AMoERICAN JOURNAL OF N UMISAFATIUS VOLUME XLVII " . " . "."" " " DEBASEMENT OF THE SILVER COINAGE UNDER THE EMPEROR NERO. BY T. LOUIS COMPARETTE, PH. D. The paucity of extant records pertaining to the coinage of Rome during the first century of the empire makes it very difficult to reach an understanding of the many changes which the coins themselves dis- close took place in that period, extending from the first issue of gold at Rome by Julius Caesar to the reign of Nero, or between B. C. 49 and A. D. 62, the probable date of important legislation in the principate of the latter emperor. This may be accounted for largely by the fact that readers of the historians and other writers were so completely removed from participation in the affairs of government that important histori- cal facts regarding legislation and administration did not interest them. Government had become a personal affair and history took on the color of personal gossip. But the lack of records may also be due, and prob- ably is chiefly due, to the fact that the alterations in the coins were of purely administrative origin, and thus there were no vital legislative enactments to record. However, currency matters must have frequently occupied the at- tention of the senate and imperial council during the first century of the empire; for the new imperial coinage laws would certainly require numerous modifications to adjust the currency to the needs of an empire whose far-flung dominions presented the greatest diversity of trade and commerce, and whose local coinages had to be taken into consideration by the framers or reformers of the imperial system. -
Alliance Coin & Banknote World Coinage
Alliance Coin & Banknote Summer 2019 Auction World Coinage 1. Afghanistan - Silver 2 1/2 Rupee SH1300 (1921/2) KM.878, VF Est $35 2. Alderney - 5 Pounds 1996 Queen's 70th Birthday (KM.15a), a lovely Silver Proof Est $40 with mixed bouquet of Shamrocks, Roses and Thistle (etc.) on reverse 3. A lovely Algerian Discovery Set - A 9-piece set of Proof 1997 Algerian coinage, each Est $900-1,000 PCGS certified as follows: 1/4 Dinar PR-67 DCAM, 1/2 Dinar PR-69 DCAM, Dinar PR-69 DCAM, 2 Dinar PR-69 DCAM, 5 Dinar PR-69 DCAM, 10 Dinar PR-67 DCAM, 20 Dinar (bimetal Lion) PR-69 DCAM, 50 Dinar (bimetal Gazelle) PR-68 DCAM, completed by a lovely [1994] 100 Dinars bimetal Horse issue, PR-68 DCAM. All unlisted in Proof striking, thus comprising the only single examples ever certified by PCGS, with the Quarter and Half Dinar pieces completely unrecorded even as circulation strikes! Set of 9 choice animal-themed coins, and a unique opportunity for the North African specialist 4. Australia - An original 1966 Proof Set of six coins, Penny to Silver 50 Cents, housed in Est $180-210 blue presentation case of issue with brilliant coinage, the Half Dollar evenly-toned. While the uncirculated sets of the same date are common, the Proof strikings remain very elusive (Krause value: $290) 5. Australia - 1969 Proof Set of 6 coins, Cent to 50 Cents (PS.31), lovely frosted strikings Est $125-140 in original plastic casing, the Five Cent slightly rotated (Cat. US $225) 6. -
External Forces, Internal Strength
ROYAL CANADIAN MINT ANNUAL REPORT 2006 External Forces, Internal Strength Metal values skyrocketed. Retail activity drove unparalleled demand for circulation coinage. And all this just as the Mint hit its stride on an ambitious business-growth path. 2006 was a year of adaptation, resilience, agile management— and profit. Table of contents Financial and operating highlights 3 The Mint at a glance 4 Message from the President and CEO 14 Message from the Chairman 15 Corporate Governance 16 Performance against objectives 20 Directors and Officers 22 Management’s discussion and analysis 23 Statistics 41 Consolidated financial statements 47 Notes to consolidated financial statements 53 Head Office and Ottawa Plant Winnipeg Plant Royal Canadian Mint Royal Canadian Mint 320 Sussex Drive 520 Lagimodière Blvd. Ottawa, Ontario Winnipeg, Manitoba Canada K1A 0G8 Canada R2J 3E7 613-993-3500 204-983-6400 www.mint.ca Printed in Canada Financial and operating highlights 2006 2005 % change Key financial highlights (in millions of dollars) Revenue 493.9 435.9 13.3 Net income before income tax 16.0 13.2 21.2 Net income 11.2 8.7 28.7 Total assets 209.7 195.9 7.0 Capital expenditures 19.9 34.3 (42.0) Cash flow from operating activities 36.7 (10.6) 446.2 Key operating highlights Circulation coins produced (in millions of pieces) 2,237.1 1,519.5 47.2 Gold bullion sales (in thousands of ounces) 296.1 329.3 (10.1) Number of employees (at December 31) 773 732 5.6 Gross profit 101.7 93.2 9.1 Value-added sales revenue per employee (in thousands of dollars) 184.0 -
INFORMATION BULLETIN #50 SALES TAX JULY 2017 (Replaces Information Bulletin #50 Dated July 2016) Effective Date: July 1, 2016 (Retroactive)
INFORMATION BULLETIN #50 SALES TAX JULY 2017 (Replaces Information Bulletin #50 dated July 2016) Effective Date: July 1, 2016 (Retroactive) SUBJECT: Sales of Coins, Bullion, or Legal Tender REFERENCE: IC 6-2.5-3-5; IC 6-2.5-4-1; 45 IAC 2.2-4-1; IC 6-2.5-5-47 DISCLAIMER: Information bulletins are intended to provide nontechnical assistance to the general public. Every attempt is made to provide information that is consistent with the appropriate statutes, rules, and court decisions. Any information that is inconsistent with the law, regulations, or court decisions is not binding on the department or the taxpayer. Therefore, the information provided herein should serve only as a foundation for further investigation and study of the current law and procedures related to the subject matter covered herein. SUMMARY OF CHANGES Other than nonsubstantive, technical changes, this bulletin is revised to clarify that sales tax exemption for certain coins, bullion, or legal tender applies to coins, bullion, or legal tender that would be allowable investments in individual retirement accounts or individually-directed accounts, even if such coins, bullion, or legal tender was not actually held in such accounts. INTRODUCTION In general, an excise tax known as the state gross retail (“sales”) tax is imposed on sales of tangible personal property made in Indiana. However, transactions involving the sale of or the lease or rental of storage for certain coins, bullion, or legal tender are exempt from sales tax. Transactions involving the sale of coins or bullion are exempt from sales tax if the coins or bullion are permitted investments by an individual retirement account (“IRA”) or by an individually-directed account (“IDA”) under 26 U.S.C. -
Media Kit 2021
MEDIA KIT 2021 PREPARE FOR TAKEOFF CONTENTS WELCOME ABOARD Thank you for considering Air Canada Media. We welcome you to explore our media kit and learn how our unique and diverse offering can help you reach your marketing objectives. ABOUT AIR CANADA 3 ABOUT AIR CANADA MEDIA 5 OUR AUDIENCE 6 OUR MEDIA CHANNELS 8 IN-FLIGHT ENTERTAINMENT 9 ENROUTE 19 DIGITAL 25 MAPLE LEAF LOUNGE 30 CONTACT US 33 2 2 ABOUT AIR CANADA CANADA’S LARGEST DOMESTIC AND INTERNATIONAL AIRLINE Air Canada is Canada’s largest domestic and international airline, providing the most scheduled passenger services in the Canadian market, the Canada-U.S. trans-border market and in the international market to and from Canada. Canada’s flag carrier is among the 20 largest airlines in the world. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. 3 3 ABOUT AIR CANADA MEDIA WHY AIR CANADA MEDIA? We bring the same level of engineering, innovation and precision to our media offering as you would expect from a world-class airline. PREMIUM DEMOGRAPHIC Air Canada’s business travellers are key decision-makers, managers, owners, professionals and executives. This upscale group of frequent flyers have disposable incomes far above the national average. MASSIVE REACH Millions of passengers fly with Air Canada every month. 1 out of 4 Canadians travel with Air Canada at least once per year. -
Gresham's Law - Wikipedia, the Free Encyclopedia
Gresham's law - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/Gresham's_Law Help us provide free content to the world by donating today! Gresham's law From Wikipedia, the free encyclopedia (Redirected from Gresham's Law) Gresham's law is commonly stated: "Bad money drives out good." Gresham's law applies specifically when there are two forms of commodity money in circulation which are forced, by the application of legal-tender laws, to be respected as having the same face value in the marketplace. Gresham's law is named after Sir Thomas Gresham (1519 – 1579), an English financier in Tudor times. Contents 1 Definitions 1.1 "Good money" 1.2 "Bad money" 2 Theory 3 History of the concept 3.1 Origin of the name 4 The law in reverse 5 The law in other fields 6 See also 7 Notes 8 References 9 External links Definitions The terms "good" and "bad" money are used in a technical non-literal sense, and with regard to exchange values imposed by legal-tender legislation, as follows: "Good money" Good money is money that shows little difference between its exchange value and its commodity value. In the original discussions of Gresham's law, money was conceived of entirely as metallic coins, so the commodity value was the market value of the coined bullion of which the coins were made. An example is the US dollar, which was equal to 1/20.67 ounce (1.5048 g) of gold until 1934 — and carried an exchange value (at those fixed rates) roughly equal to its coined-gold market value. -
The Mysterious World of Celtic Coins
The Mysterious World of Celtic Coins Coins were developed about 650 BC on the western coast of modern Turkey. From there, they quickly spread to the east and the west, and toward the end of the 5th century BC coins reached the Celtic tribes living in central Europe. Initially these tribes did not have much use for the new medium of exchange. They lived self-sufficient and produced everything needed for living themselves. The few things not producible on their homesteads were bartered with itinerant traders. The employ of money, especially of small change, is related to urban culture, where most of the inhabitants earn their living through trade or services. Only people not cultivating their own crop, grapes or flax, but buying bread at the bakery, wine at the tavern and garments at the dressmaker do need money. Because by means of money, work can directly be converted into goods or services. The Celts in central Europe presumably began using money in the course of the 4th century BC, and sometime during the 3rd century BC they started to mint their own coins. In the beginning the Celtic coins were mere imitations of Greek, later also of Roman coins. Soon, however, the Celts started to redesign the original motifs. The initial images were stylized and ornamentalized to such an extent, that the original coins are often hardly recognizable. 1 von 16 www.sunflower.ch Kingdom of Macedon, Alexander III the Great (336-323 BC) in the Name of Philip II, Stater, c. 324 BC, Colophon Denomination: Stater Mint Authority: King Alexander III of Macedon Mint: Colophon Year of Issue: -324 Weight (g): 8.6 Diameter (mm): 19.0 Material: Gold Owner: Sunflower Foundation Through decades of warfare, King Philip II had turned Macedon into the leading power of the Greek world.