Wheat Cent
Posted in Uncategorized on 10/04/2010 03:31 pm by admin
Wheat Cent
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 1916 LINCOLN WHEAT CENT PENNY  US $.99
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 1940 D Lincoln Wheat Cent EXACTLY AS PICTURED US $.79
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The financial crisis that started in late 2007 to the present has lead to a vast consolidation in the Australian Banking Industry. The four Major banks of Australia Commonwealth Bank, Westpac, Anz Bank and National Australia Bank now control 85% of the home loan market and control a high percent in most retail markets. Retail markets refer to financial services to individuals and smaller business. There is still a higher degree of competition in the merchant Banking sector lending to large companies and governments as there are several large foreign multinational banks that compete in this this area.
The biggest mergers to occur during the financial crisis was Westpac taking over St George Bank which was previously the fifth biggest bank in Australia and the Commonwealth bank taking over BankWest which was previously the Sixth biggest bank in Australia. Bendigo bank and Bank of Adelaide merged at the start of the financial crisis.
Of three biggest non-bank lenders that existed before the crisis only one still exist Aussie home loans. Rams home loans, a large non-bank mortgage lender failed in August, 2007 and was taken over by Westpac. Wizard home loans owned by Ge Money was sold to Aussie home loans which then become 30 % owned by Commonwealth Bank. Other non-bank lenders shut down during the crisis include Majestic mortgages and Circuit Finance Australia. Other lenders who pulled out of the mortgage market to concentrate in other areas of the finance market include Virgin Money, Macquarie Bank and Ge Money. The non-bank lenders provided significant competition before the crisis but now only control a very small percentage of the home loan market.
There was also other merger and takeovers in financial market. In June 2009 NAB announced it was to pay A$825m ($660m:£401m) for UK insurer Aviva Australian life insurance wealth and management businesses. In July 2009 NAB acquired an 80% stake in the private wealth management division of Goldman Sachs JBWere. In August 2009 NAB announced its acquisition of the mortgage business of Challenger Financial Services This purchase also includes PLAN, Choice, and FAST mortgage aggregation businesses and approximately 17.5% in Homeloans Ltd. In 2009 Anz Bank bought ING's 51 per cent stake in their joint held wealth management and life insurance operation to assume full control. In 2010 Anz Bank completed purchased of Landmark 2.3 Billion loan book from the Australia Wheat board. All loans offered through Landmark a leading supplier of agribusiness products and services across Australia will be ANZ products with Landmark earning a fee for loans sold. Anz bank will now become a the number 2 lender in agricultural financial services and is another example of a non-bank lender leaving the market.
Credit unions in total control only 6% of the mortgage market. Consolidation among credit unions also has been increasing. In February 2009 there were 118 credit unions in Australia. By June 2010 17 months later this has been reduced to 105 credit unions. Mergers and take overs have predicted to increase in the coming years as credit unions increase in size to compete with banks.
This article is only a brief overview of the Australian financial scene during the financial crisis but demonstrates how the big four banks have increased there hold on large sectors of the financial market of Australia.
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Lincoln Wheat Cent Starter Set $54.03 The Lincoln Wheat Penny designed by Victor Brenner was one of the most popular and enduring coin designs in U.S. History. The Lincoln Wheat Cent series ran from 1909 through 1958 and was issued to commemorate the 100th anniversary of Abraham Lincoln's birth. 50 Lincoln Wheat Pennies of different dates and mintmarksIncludes at least one 1909 cent and one 1943 steel cent Two volumes of Archival Quality Folders with openings for every business strike One pair of white cotton gloves to safely handle the coinsDimensions: 8 inches high x 6 inches wide x 2 inches deepModel: 47057 |
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Collector's Favorites Flying Eagle Cent 1856-1858 $151.74 Over 150 years old, the Flying Eagle Cent was struck for circulation in 1857 and 1858. The one cent piece was minted of a copper-nickel composition and designed by James Barton Longacre. The obverse displays a flying eagle and the reverse shows a wreath of corn, wheat, cotton and tobacco leaves. The Flying Eagle was too difficult to strike because of the high relief and was replaced in 1859 by the Indian Head Cent. Flying Eagle Cent 1856-1858Limited QuantitiesWeight: 3 ouncesIncludes certificate of authenticity |
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50 Cent $10 50 Cent |
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Special Caricatures - 50 Cent $10 Special Caricatures - 50 Cent |
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Cinq cent mille miles $6 Cinq cent mille miles - Antoine Gratton |
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Format (ft. 50 Cent) $6 Format (ft. 50 Cent) - El DeBarge |
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22 Exposition des Cent $64.99 22 Exposition des Cent - Giclee Print |
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Juniors: 40 Cent Stamp $21.99 Juniors: 40 Cent Stamp - T-Shirt |