War Currency
Posted in Uncategorized on 09/12/2010 04:23 pm by admin
War Currency
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From 1871 to 1891, the French minted a 20 Franc coin with a design called the "French Angel". The coin's design is attributed to Augustine Dupré, a French medalist of some fame (Thomas Jefferson even commissioned him to design a special coin).
According to legend, the design of the French Angel coin first emerged in 1792 - right at the peak of the French Revolution. Dupré minted a coin with the image of an angel because he believed deeply in the idea of Guardian Angels.
There is some speculation about the history of that first coin. The angel on it appears to inscribe the French Constitution. Given that the new French government wanted to bring down the sovereignty, it is possible that Dupré minted this first coin against the king's wishes. Whether or not this is true, Dupré was sentenced to death by guillotine. One of these "Guardian Angel" coins was in Dupré's possession when he walked to the platform to his death.
There are several legends that explain how the "Guardian Angel" saved Dupré from execution. The most popular is that he used this coin to bribe the executioner. The most fantastic is that the gleam from the coin caught the jailer's eye and he was moved to release him. Either way, Dupré escaped execution that day, and attributed his good fortune to the coin.
A similarly fantastic legend about this early version of the coin exists in regards to Napoleon Bonaparte. The story goes that Bonaparte kept a "Guardian Angel" coin in his possession at all times, only to lose it right before the Battle of Waterloo, where Napoleon was conquered and subsequently exiled.
Flash forward to 1871, when the 20 Franc Angel coin was minted. This coin was automatically considered to be lucky because of the legends attached to the early version of the coin. Minted until 1898, and again from 1899 to 1906, the coin was used as normal French currency.
One side of the coin depicts an angel writing the French Constitution, a rooster (a traditional French symbol), a candle, and is inscribed with the words "Republique Francaise". The other side depicts the denomination and the year, with the words "Liberte, Ecalite, Fraternite" (Liberty, Equality, Brotherhood) inscribed above. The coins are 90% pure gold, and weigh 6.4516 grams.
World War I saw many pilots (French and American) carrying the coin for luck. Sea captains carried the coins for luck as well. By World War II the coins were still available. A German official in Hitler's army used to give the coins to his pilots as awards. Despite this negative connotation, the coins remained popular with fighter pilots. Pilots from the Korean War, the Vietnam Conflict, and Desert Storm would carry the coins for good luck also.
People today still give the coins as gifts for luck, and many people have attributed their luck to the possession of one of these coins. The coins are surprisingly easy to come by, and many have come across them in their coin collections, their family estates, and more.
In today's rough economic environment, one of these French Angel coins might just be as lucky as legend says they are. Gold is at a record high, and many organizations are keen to buy gold coins and jewelry. Check your collection to see if you might be one of the lucky ones who have a "Guardian Angel".
The best online resource to sell coins or sell palladium can be found at http://www.refinity.com.
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Continental Bills, American Currency during the Revolutionary War $39.99 Continental Bills, American Currency during the Revolutionary War - Giclee Print |
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Currency Wars $12.99 In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars , this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action. |
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Confederate Currency (Paperback) $20.47 With the outbreak of the Civil War in 1861, the Confederate States of America began issuing its own legal tender. Over the years, seven different series of currency were issued. Counterfeiting became an enormous problem for the South, as did depreciation and inflation. By the end of the war, the notes were worthless, but within the decade their collectibility was on the rise. Today, some notes can easily garner thousands of dollars. Uniquely designed and hand-signed, the legal tender of the South tells the story of hope and loss. Confederate currency expert Pierre Fricke illustrates the history of the South`s money in Confederate Currency. Neither a price guide nor a collector`s guide per se, Confederate Currency explains the origins of the various notes issued by the South, putting the money into historical context. Fricke also briefly discusses the dissolution of the Union and examines the collectibility of Confederate Currency. |
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Currency Wars (Hardcover) $30.16 How the worldwide currency war, already under way, will soon affect us all. The debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are unmistakable signs that we are experiencing the start of a new currency war. Fought as a series of competitive devaluations of one country`s currency against others, currency wars are one of the most destructive and feared outcomes in international economics. Left unchecked, the new currency wars could lead to a crisis worse than the panic of 2008. Drawing on a mix of economic history, network science, and sociology, Currency Wars provides a rich understanding of the increasing threats to U.S. national security, from dollar devaluation to collapse in the European periphery, failed states in Africa, Chinese neomercantilism, Russian adventurism, and the current scramble for gold. James Rickards, an expert who has worked at the highest levels of both finance and national security, explains everything we need to know about this growing global standoff. He takes readers around the world and behind closed doors to explain complex financial and political currents with absorbing firsthand anecdotes. |
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Currency $79.66 In economics, the term currency can refer either to a particular currency, for example the US dollar, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nations money supply. The other part of a nations money supply consists of money deposited in banks (sometimes called deposit money), ownership of which can be transferred by means of cheques or other forms of money transfer such as credit and debit cards. Deposit money and currency are money in the sense that both are acceptable as a means of exchange, but money need not necessarily be currency. Historically, money in the form of currency has predominated. Usually (gold or silver) coins of intrinsic value commensurate with the monetary unit (commodity money), have been the norm. By contrast, modern currency, as fiat money, is intrinsically worthless. The prevalence of one type of currency over another in commodity money systems has arisen, usually when a government designates through decrees, that only particular monetary units shall be accepted in payment for taxes. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 100 Publication Date: 2010/06/01 Language: English Dimensions: 6.00 x 9.00 x 0.24 inches |
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Fort Sumter Collectible, With Authentic Confederate Currency $149 "This outstanding showpiece marks the 150th anniversary of the attack on Fort Sumter with a genuine piece of American history: an original Confederate dollar. The $1 Virginia Treasury Note, like most Confederate currency, is becoming rare and collectible. The artifact, more than 145 years old and measuring 3 x 7, has wonderful graphics and was hand signed during the Civil War. This collectible displays portraits of Gen. Robert E. Lee and Gen. Ulysses S. Grant over a reprint of The Timess front page from April 15, 1861, about the attack on Fort Sumter. Facsimiles of Lee and Grants signatures are also presented. Frame, with wood finish, measures 16"" x 18"". Includes certificate of authenticity, historical information on Confederate currency and reprint of the Fort Sumter article. " |
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European Currency $19.99 European Currency - Premium Poster |
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American Currency $29.99 American Currency - Photographic Print |
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The Economics of Inflation: A Study of Currency Depreciation in Post War Germany $31.15 No Synopsis Available |
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The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany, 1914-1923 $212.55 No Synopsis Available |
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French Public Finance in the Great War and To-Day : With Chapters on Banking and Currency $26.32 No Synopsis Available |
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Optimum Currency Areas: A Monetary Union for Southern Africa $38.96 Hauptbeschreibung With the current situation in the European Monetary Union in mind, a Monetary Union in other parts of the world seems highly inadvisable. Nevertheless, Africa has some of the oldest Monetary arrangements in the world, dating back to the beginning of the 19th century. Is Africa particularly qualified for a Monetary Union? And furthermore, what features are necessary to make Monetary Arrangements between countries endurable? This study evaluates the prospects and the feasibility of a monetary union in the Southern African Development Community (SADC) from an economic point of view. Both the theory of optimum currency areas and the recent example of the European Monetary Union are employed to analyze the pros and cons of monetary unification. The theoretical implications are operationalized, first, by a broad analysis of economic and socio graphic data, and second, by estimating the degree of structural shock synchronization between SADC countries. Results obtained by an Autoregressive and Vector Autoregressive model indicate that a monetary union which includes all SADC members is neither desirable nor feasible in the foreseeable future. However, the study concludes that a small subset of countries, including South Africa, Namibia, Swaziland, Lesotho, Mozambique, Botswana and Zambia, could gain from forming a smaller monetary union. Biographische Informationen Christian Sorgenfrei, Jahrgang 1984, Dipl.-Volkswirt, studierte Volkswirtschaftslehre an den Universitten Konstanz und Lund. ber seine Schwerpunkte Internationale Wirtschaftsbeziehungen und Entwicklungskonomie hinaus war er unter anderem am Zentrum fr Europische Wirtschaftsforschung und an der KfW Entwicklungsbank im Bereich Subsahara Afrika ttig. |
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State of Israel Coins The Emergency Fractional Paper Currency $1547.03 October 1948: The War of Independence is at its height and the fragile existence of the new State of Israel is in peril. There is an urgent need for weapons and armaments and all available metal is directed toward that goal. Nevertheless the absence of coinage is acutely felt among the population. Accordingly the first Minister of Finance Eliezer Kaplan decides to print paper money which will serve as small change instead. Thus were born the two paper notes 50 Mil and 100 Mil using the British Mandatory terms before Hebrew denominations could be thought up (the first Pruta was issued in October 1950 and the first Israeli Lira in June 1952) all before the establishment of the Bank of Israel on December 1 1954. The two notes 50 Mil (red) and 100 Mil (green) were designed by artist Otto Walish inspired by geometric forms taken from the mosaic floor of the ancient synagogue unearthed in 1928 at Beit Alfa. They were printed in Tel Aviv at the LevinEpstein printers and signed by Eliezer Kaplan. Inscriptions were in Hebrew and Arabic; only from 1955 did English begin to appear on Israeli currency. Due to their resemblance to oriental carpets these paper notes were affectionately called in Hebrew rugs . The 50 Mil and 100 Mil paper notes were in use as legal tender until 1951 and were formally cancelled only in 1980. ICMC has produced silver replicas of these paper notes by a special process involving photochemical engraving. Details: 71780060 2010 Sterling Silver 925 with selective goldplating. |
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US Currency $24.99 Matthew Borkoski US Currency - Photographic Print |
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Complementary Currency $58.94 Complementary currency (Ce is a currency which is meant to be used as a complement to a national currency. Complementary currency is sometimes referred to as complementary community currency (CCe or as community currency. The term local currency, describing a complementary currency which is limited to a single locality, is sometimes used interchangeably with complementary currency. There are, however, some complementary currencies which are regional or global, such as the WIR or Friendly Favors, or the proposed global currency terra. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 68 Publication Date: 2010/07/24 Language: English Dimensions: 5.98 x 9.01 x 0.16 inches |
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Currency Converter $10 Are you on holidays? Do you buy things from abroad? Do you need to calculate price of goods in a different currency? Then the Currency Converter is the right application for you. Enter the price of your goods and Currency Converter will calculate it in another currency based on the current exchange rate. |
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Currency Pair $92.4 A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency or quote currency and the currency that is quoted in relation is called the base currency or transaction currency. Currency pairs are written by concatenating the ISO currency codes (ISO 4217) of the base currency and the counter currency, separating them with a slash character. Often the slash character is omitted. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. The most traded currency pairs in the world are called the Majors. They involve the currencies euro, US dollar, Japanese yen, pound sterling, Australian dollar, Canadian dollar, and the Swiss franc. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 128 Publication Date: 2010/07/24 Language: English Dimensions: 5.98 x 9.01 x 0.30 inches |
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Information as the currency of democracy $199 Information as the currency of democracy |
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Currency Overlay $145 Currency overlay is the management of the currency exposure inherent in cross-border institutional investments. Exposure to foreign currencies increases the volatility of their returns, without increasing the returns themselves and academics and consultants recommended that the currency exposure should be stripped out of international portfolios and eliminated as far as practicable. This book provides a comprehensive description of currency overlay, its history and possible future developments and growth, the reason for its emergence, the debates and controversies, the different styles of currency management, and the industry's performance track record. This is a subject of international appeal and is an area of particular growth potential for institutional investors.  Coverage includes:  The theoretical case for eliminating currency risk in international portfolios The interplay between asset returns and currency returns, and the effect of this on hedging decisions Benchmarks - their construction and strategic role Least-cost passive overlay The structure of the currency market, and its 'inefficiencies' Active overlay styles Active overlay both restricted and unrestricted (currency alpha) Uses diagrams, charts, tables and explanatory boxes to explain concepts |
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Currency from Leone $24.99 Currency from Leone - Photographic Print |
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Colonial Currency, 1776 $19.99 Colonial Currency, 1776 - Photographic Print |
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Currency Strategy $110 Expert advice and timely techniques for surviving and thriving within currency markets Rapid movements in currency markets have been a common occurrence in recent years, often to the detriment of traders and investors. The ability to manage these fluctuations is essential for safe and successful investment in these markets. Currency Strategy develops new techniques and explains classic tools available for predicting, managing, and optimizing fluctuations in the currency markets. Author Callum Henderson shows readers how traditional macroeconomic theory has repeatedly failed in the face of practical experience in these markets and develops a new approach based on experience. He draws on the technical expertise of his bank to develop mathematical models to assist in the prediction of crises and gives practical advice on how to use these and other tools successfully. |


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