NEW YORK - The rise in value of the U.S. dollar affects more lines of business than most of us would think.
Coin collectors and dealers attending the American Numismatic Association's World's Fair of Money provide one example. Attendees at that New York fair in July, could buy non-U.S. coins for 18%-20% less than last year.
As a result, one observer noticed many dealers of non-U.S. merchandise "sold a lot of coins."
Everything from the earliest known coin - dating to about 700 B.C. - to an example of the U.S. Treasury's upcoming new $50 bill was displayed at the event.
The fair also featured such attractions as pirate treasure retrieved from shipwrecks, $500 million (matured) Treasury notes and a Brasher Doubloon for sale at $1.5 million.
Brasher Doubloons, of which only seven are known to exist, were produced in 1787 by New York goldsmith Ephraim Brasher as proposed coins for the then-new nation of the United States. The one for sale at the show attracted considerable interest, but no buyer.
In all, the fair attracted more than 500 dealers and representatives of mints and about 8,000 collectors.