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Goldsmith Receipts tell interesting tale

By Neil Shafer Well-known collector and researcher Ruth Hill had a marvelous collection that included a group of Goldsmith Receipts from England. They represented a special kind of emergency circulation during the later 18th century. This piece was from her collection, and it came with the following information. “This is a receipt for a deposit with Francis Child Esqr & Co of 20 pounds to the account of William Thompson dated 15 Dec 1761. Earlier it had been customary for such deposits to be made in the King’s Mint for safe keeping; however, Charles I being in financial difficulties began drawing on these funds in the mint for his personal use. When the public became aware of what was going on, the deposits in the Mint ceased. Now merchants and others with surplus funds turned to the Goldsmiths and Pawnbrokers to deposit their funds for safe keeping. The receipts such as you see here circulated and were accepted by the public, which avoided the actual transfer of coins. In time...

Gold Ends Week At More Than 7-Month High

Precious metals futures rallied Friday, posting gains ranging from 1.4% for gold to 3.1% for palladium. Gold ended the day at its best price in more than seven months. All but palladium advanced on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Apollo 11 Commemorative Coin Sales Reach 296,311 in First Day; Limits Lifted

Apollo 11 50th Anniversary Commemorative Coins are moving quickly. Their first-day sales combined to 296,311 coins, according to United States Mint spokesman Michael White. Add in another 49,825... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Thomas Jefferson Presidential Silver Medal Released

Celebrating the third President of the United States, the Thomas Jefferson Presidential Silver Medal went on sale today at noon EST. The U.S. Mint medal, the first of four for release this year, is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Fifteenth Annual PNG YN Scholarship Competition Opens

For the 15th year in a row, the Professional Numismatists Guild (www.PNGdealers.org) will offer a scholarship to attend one session of the annual American Numismatic Association (www.money.org)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gold Edges Lower Thursday, Jan. 24

Gold, silver, and palladium futures ended lower Thursday. Gold's loss was its first in three sessions. Gold for February delivery declined $4.20, or 0.3%, to settle at $1,279.80 an ounce on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

2019 Apollo 11 50th Anniversary Commemorative Coins Launch

Arguably one of the most anticipated coin programs of the decade debuts today, Jan. 24, with the launching of the 2019 Apollo 11 50th Anniversary Commemorative Coins. Interest in the coins stem not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]