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No Excuses Summit in Las Vegas, NV

I drove from San Diego to Las Vegas with top income earner and friend Jim Chao.

Jim Chao

The Venetian

If you haven’t heard of the No Excuses Summit in Vegas, you probably weren’t online or you’re still wondering what you’re doing with that old computer that can barely push Windows 95. Just Kidding . The lineup for the No Excuses Summit was so amazing that if I didn’t make it down there, I knew I’d miss a ton of value from these online marketing Gurus. If you have no interest in making money online with a home business, I completely understand this is not for you, but wait… there is more …. In case you are wondering what you missed, I took some awesome notes for you. After all, I know you were too busy to make it out, but this may have been the largest Internet Network Marketing summit in MLM history so I will tell you about it. [Read Closely]

The No Excuses Summit was put together by Raymond Fong and Ferny Ceballos and they brought together the biggest names in the Internet based network marketing. I am talking about big hitters such as Jimmy Davis, Justin Christianson, Jeff Learner, Jairek Robbins (Tony Robbins’ son), Chris and Josephine Gross, Norbert Orlewicz (co-owner of MLSP), Brian Finale (co-owner of My Lead System Pro), Tim Erway, Mike Dillard (owner of Magnetic Sponsoring and BetterNetworker.com), Jonathan Budd, Cedrick Harris (The crazy dude I always talk about in a good way), Mark Hoverson, Todd Falcone, David Schwind & Jim Yaghi, Katie Freiling (The beautiful face behind the Unified Tribe), Joseph O’Day and Adam Holland. A rare gathering I know but get this, you’re gonna love the nuggets I’m about to share.

The Importance of Being at Events

I learned from a mentor a long time ago “Cesar, if you want to be successful you must be at events and hang out with other like-minded type people.” That sentence stuck with me to this day.

The major reasons I went to the event: 

1) My team was down there for my primary business and I didn’t want to be the faceless guy that hid behind the computer and didn’t connect.
2) I wanted to bring myself new nuggets and be able to teach those new nuggets to people like yourself
3) To grow my self brand image. They say that networking outside of the event doors is just as important as inside with the training.  I wanted to take pictures with the speakers without the crowds during breaks.

Online Marketers Connect

I come from the old school ways of doing business. BELLY TO BELLY! Can you believe it? You had to actually open your mouth and speak to someone to make a connection. I still use this method. The internet has taken away (some of) the pain of rejection for some people. I have found that it is rare for a computer geek like me to be able to interact with people socially as I have been a guru on computers for many years (since 1983). I do enjoy and love people though. Money and happiness doesn’t come from a computer. It comes from interacting with people and connecting with them to build your trust. So with that said, online marketing does work with the notion that you also connect with people offline.

Let’s get right into it.

Day 1 of the No Excuses Summit (Friday 9th, 2010)

Jimmy Davis says he was trying for 14 years. “Trying is failing with honor.” Jimmy Davis opened it up talking about marketing funnel systems. He is known as the “My Story Marketing” guru. Jimmy said that if you want to convert your traffic, you must understand funnels.

An example that he showed us was something like this:

Landing Page (short video)

| Business Presentation

| Testimony Videos (could be for you or your business, preferably YOU)

| Have your assistant call the prospect. (Could be you with funky voice lol, mom, wife, anybody but you)

| You call them

Pretty neat concept. You can hire a virtual assistant to do this. You can find a virtual assistant for cheap and interview them at ODesk. Having someone call your prospect first before they speak to you is such a powerful concept. Let’s think about this for a second. It allows you to be the hunted instead of the hunter because of it making you look like someone who is of professional caliber.

What is your why?
Why are you in the company that you’re in. What determines who you are, what you do, and you feel is the future you are living into.

To make money online you do 2 things:

1) Send Traffic

2) Convert Traffic

To make money NOW you send more traffic.

Just like knowing that diet and exercise will help you lose weight, knowing that you need to send traffic and convert traffic is a small piece of the puzzle. He says you need to find a Mentor because that is what Top Earners do. Avoid Advisors because they will lose you. As you will see this information develop, I think there is “more than meets the eye” (yes I am a fanatic of 80s Transformers ).  What I mean is this, I listen to these gurus give some awesome value content and most of the stuff I gathered was a mix of theory and practical. You definately need both to connect with your audience.

Team Meet-up

After the Friday Night session ended around 8:30pm, I got together with my team to do some masterminding. It blew me away seeing a “secret audio CD” that was created for many members of the team to be passed out. This CD contained some nuggets of why there is such a shake up in network marketing with two online gurus. It invited the prospect to a special event we held on Saturday at 9pm when the events were finished. It exposed our business to many folks and I was even sitting next to an offline marketing guru with 600,000 reps in his primary company. He liked our concept so much. Definitely someone I do not want to let go of.

Party at the Luxor

The Luxor

Soon after, I got invited to a private event at the Luxor. It wasn’t crowded at all by the time I got there. Actually, I got a bit lost with my buddy Jim Chao. Jim and I drove out together since he moved pretty close to me. Eventually, we found the event  in a private rented room and networking was taking place. I met up some of the speakers and got to exchange ideas. It was amazing. Katie Freiling, Ryan Dunn, Mark Hoverson, Norbert from mlsp, Ray Higdon, Tracy Walker and a whole lot of other Network Marketers. All the pizza was gone lol (which I probably shouldn’t have eaten anyway) but I had such an amazing time planting my seeds and connecting. I shared with some of the leaders my secrets of the Craiglist Loop Hole I found. I got home at around 2:30am to get some rest.

No Excuses Summit in Las Vegas, NV (Saturday 10th, 2010)

So I got labeled pretty quick from people recognizing my face online as “The Craiglist Guy” from just one webinar I did. I thought it was pretty funny really, but imagine this. You create a product from connecting with 10 people that think like you and have a different niche of skill then you do and now you’re known in the circle of influence. I actually used this to my leverage when someone asked what I was currently working on, I said “I found a loop hole in Craigslist and it’s working for marketing.” Do you think they want to know about it? This is pretty amazing to say the least and I’m focus to get my product out ASAP! So stay tuned for the release of “Craigslist Ad Power” here shortly. (make sure to put your name and email at the top right to get into my list for release date)

I just have to make this side note. I have been marketing online as a professional since January 2010 using attraction marketing. That’s only 7  months! Granted I have been around the computer industry for quite a few years but I did not know how to properly market online until I plugged into a system. That system is MLSP.

Norbert Orlewicz and me

Norbert Orlewicz is the co-founder of mlsp and he put on quite the show. He just announced the release of the Platinum Version which adds a lot more value to your online marketing like video hosting (since the YouTube Slaps) and much more. They even build and setup your MLSP for you (Check out back office for more information on MLSP gurus setting up your system).

If you’re new to online marketing you may be use to the phrase “Have you made any money yet?” and you have to sit there and explain that you’re on your way and you hear that pause of (hmmmm). Well Norbert gave out a GOLDEN NUGGET! He said to basically answer “No, I have not yet but I am generating leads now and I can teach you how.” Isn’t that amazing?

Now if you cannot say that you’re generating leads, you can follow what I did and join their program here. Whether you do or not use the system, you must find a way to generate leads so you can use that answer so that you can position yourself with leads. Norbert also brought up a valid point which has been working for my team which is, don’t expect people to use MLSP just because they signed up, but give them direction. As I outlined here in this video: [Video].  Norbert said “Give directions rather than ask them to do something.” Some of us B.S. around the bush and try to kiss up to our prospects or new recruits. Your time is valuable and you are ALWAYS on the run but you will spend 15 minutes to support them and coach them. That’s where you deserve to be.

Brian Fanale was up next:

Brian Fanale

Brian Finale was up next and he is one of the founders with My Lead System Pro. He said a great line from the Joker in the latest Batman, “If you are good at something you expect to be paid”, I love it! He gave instructions on starting to run your own webinars as soon as possible that are packed with value. Most use GoToMeeting,

Brian gave out some good links too that you might want to checkout:

- KeepVid.com – Downloads youtube videos (Disclaimer: you want to have permission before you do this or you might get into some trouble)

- search.twitter.com – search Twitter for people that you want to connect with and might be in your niche

- gravatar.com – If you are leaving comments on people’s blogs, you want to look professional and have a picture show, this will automate for you every time you leave a comment on blog sites Now, some of you out there are already generating sales through affiliate marketing.

Brian gave a million dollar tip here, pay attention to this one. If you have someone on your list buying products from you, put them in a special list. Send them cookies, send them gifts, but take care of them and you might just have a lifelong income stream. I am going to start doing this as I have generated a lot of income in affiliate marketing but have not taken special care of those who purchased from me a lot. Brian said to get better at Facebook PPC to check out Perry Marshall. He shed some light on this sometimes misunderstood marketing strategy and recommended sending Facebook PPC traffic to a Fan page that has an optin. His company is going to start doing this for members of My Lead System automatically without any programming on the side of the user so that is pretty awesome as I have no clue how to create an optin for a facebook fan page. Some good tips for facebook PPC: – They are tougher on you when you start so don’t start with ads that say MLM, FREE, Get Rich, Etc.

Todd Falcone is a rockstar. I am really glad I connected with him, not only is he a snazzy dresser, he is also a fantastic trainer. He specializes in prospecting, closing and scripts. He gave a great response to that goofball question that we sometimes get, “Is this Network Marketing?” He said to answer it, “Hell Yes, if it wasn’t I wouldn’t touch it!” Isn’t that awesome? He made a great observation in that people will show up to their job every day even if they hate it but they won’t show up for their network marketing opportunity that actually has the potential to make them rich. Why is that? He says because there are no consequences. If you want to create real results in your home business you might want to create consequences for you and your teammates. If you don’t show up to work for three days and don’t call, you will more than likely be fired. Unfortunately, if the same person doesn’t call their upline, show up to meetings or work their home biz, they will get away with no consequences and of course, no real wealth either.

I agree with Todd’s method of the two strikes and you are out philosophy of leaving phone messages for your prospects. Don’t chase, beg or bug them, if they don’t do what they say they are going to do, they also won’t do it if they were in your business. Stop chasing people and stop chasing the signup bonus and look for quality people to work with.

Todd said don’t ever “dabble” with your opportunity. Do it, but don’t dabble or treat it as a hobby. Now, this is a HUGE tip for you guys that are generating leads. Use the information of the lead to build rapport. Let’s look at an example:

Leadname – Joe Prospectson
Cityname – Washington, DC
Phone – 206-206-2062
Email – IeatCornFlakes@gmail.com

What can you do with this instead of just calling them and asking them what they liked about your opportunity? Well, you can use their data to build rapport. Here are a few examples: – Hey Joe, I saw you visited my page, I also see you are in Wash DC, I was just up there, what a great city! How long have you been there?

- Hey Joe, I saw you visited my page, I also see you are in the 206 area code, my friend Brian is a paintball expert up there, he loves it, how do you like it?

- Hey Joe, I saw you visited my page, I also see your last name is prospectson, are you related to a Tony Prospectson that lives in Austin, Texas?

- Hey Joe, I saw you visited my page, I also see you eat cornflakes, I love cornflakes but you must really love them to make it your email address! This business is all about relationships and you start down the path when you create rapport. Then, the man, the myth, stepped up on stage, I am talking about none other than Mike Dillard. Mike Dillard is the creator of Magnetic Sponsoring which is the granddaddy of all network marketing informational products. I honestly do not know one successful network marketer that uses the Internet that has not purchased something from Mike so it was great to meet him. Mike did an open Q&A with the audience and showed why he is who he is. I cannot repeat all the questions and his answers but here is what I got from him:

- Find out why people will buy your product or business – Get rid of your emotional attachment to the outcome of your marketing – Your skillset is the key to your financial future, not your opportunity

- His number one tip is to learn copywriting. There are some pretty expensives courses out there, Mike did this one and it’s solid – Master Copywriting (if you don’t know where to go)

Jonathan Budd

Jonathan Budd is the shaolin monk of Internet Marketing. He was the 22 year punk that came on the internet. I wrote an article on why I joined MLSP over his system. All opinions aside, he is a cool guy and really connected with a positive mindset. He is the founder of the Online MLM Mastery Course that has generated so many successful marketers. I met Jonathan a long time ago through a mutual friend and he is a guy you really want to pay attention to as he is razor sharp. He gave some very solid real world advice on how to get to where you want to go from where you currently are. Here are the highlights: Create Your Own Product 1. Record webinars 2. Interview Top Leaders in the Industry 3. Record Audio at http://audacity.sourceforge.net for free! 4. Write your own ebook and turn it into a PDF.

Jonathan Budd and Cesar Ramirez making up!

You know I have nothing against Jonathan. He is a smart kid and honestly he makes a lot of people angry because of his quick success. I showed him my cell phone on having a number he had from 3 years ago. I asked him, what number is this? He said oh man, that’s like my early years with the reverse funnel system. He says that was such an awesome product. I take back some of the stuff I said about Budd. Just some . He’s cool though and we’re like 30 minutes away from each other. Word on the street is he is dating Katie Freiling. I don’t blame him, she’s hot! She’s from my current city, Temecula, CA. Pretty small world I tell you. Thanks Budd for being cool with me champ.

Cedrick Harris

My man Cedrick spoke last at the conference and he ROCKED THE HOUSE! For those that do not know, Cedrick Harris is the number one recruiter in my primary and he the best closer in this industry. This is undisputed so I don’t have to say he is “one of”, he is simply the best. Cedrick covered offline marketing, which, everyone should seriously pay attention to as there are heavy hitters I have enrolled in my business because of the fact that I am not just an online marketer. Cedrick was probably the speaker that generated the most commotion, I am sure that has a lot to do with having such a large amount of his downline in the audience! Great job Cedrick! Cedrick has a product called the 10k Per Month Attraction Marketing Blueprint which I highly endorse. If you haven’t picked it up, you deserve to. It’s a Zero Fluff offline and online marketing system.

After Day 2 of the No Excuses Summit

I was actually masterminding with David Wood on Friday night when I heard about this sneaky tactic. Cedrick and David developed an Audio CD to have me and the rest of the team pass out at the conference on Saturday. This audio CD inviting folks to our 9pm gathering. It was an amazing event. Just look at how many folks here here.

Packed House

I was actually sitting in the back. It was so packed that it started to get kinda hot lol. Fortunately, this created a lot of buzz and over 20 people joined that night. To take a look at the presentation that was shown, watch it here: [Saturday Night Presentation]

What About For Those That Missed It? The No Excuses Summit DVD!

If you couldn’t make it out to this rare event, I highly recommend you pick up The No Excuses Summit DVD. I will inform you all when it is released.

No Excuses Summit in Las Vegas, NV (Sunday 11th, 2010)

The final day of the event.

Katie Freiling and Cesar Ramirez

First up was Tim Erway, Tim worked directly with Mike Dillard on Magnetic Sponsoring and is a copywriting guru. He broke down copywriting in a very easy to understand way. He broke it down to 3 questions you should always ask yourself:
1. Who is your prospect? Be as specific as possible
2. What is their problem?
3. How can you solve it?

He also shared the 8 core motivators that get people to buy things.
1. Make Money
2. Save Money
3. Save Effort
4. Save Time
5. Improve Health
6. Impress Others
7. Increase Pleasure
8. Eliminate Pain

He said you want to work on your headline and make it as specific as possible and irresistible to potential prospects. He recommended the Copywriters Guild to get and learn copywriting in a step-by-step blueprint. I can tell you that after this weekend, copywriting and PPC is my main area I want to improve in as I heard from so many speakers how important they both were.

The next speaker I saw was Katie Freiling. She’s really awesome.  Katie is the founder of the content syndication group called the Utribe, which, I am a member of so I guess I am biased when I say it is awesome. You said if you are serious about social media and Internet marketing you really want to have a blog and always give out great value. She also shared some cool stats:
- 78% of people trust their peers when making a buying decision but only trust 14% of ads
- For the first time in 23 years, Pepsi dropped their superbowl commercial to spend $20 million on social media

Katie shared a really cool resource that I did not know about and that is Google Profiles. You can setup your google profiles that could possibly be featured on search results and it is free, you can see mine at http://www.google.com/profiles/cesarin.ramirez

Katie said something I definitely agree with. She said to focus on your personal growth and the money will come. This is quite different than most as they really chase the money and hope it comes to them. She also said to get yourself into a personal success routine which is another thing I always teach. I blog, meditate and write affirmations every single day and always suggest people they create a routine for themselves. Katie says to brand yourself you have to become a giver of great value and to be consistent. She says your blog is your central hub to your branding and your marketing. Don’t just pitch your business but have people wanting to hear from you and the value you bring.

The Bad Boys – David Schwind and Jim Yaghi

OK, you have to know that these guys are totally insane but also brilliant. I had the opportunity to meet both of these guys. I spent time with David Schwind later that night with a bunch of guys at the bar. Both are absolute geniuses when it comes to driving traffic and copywriting. They started their event with Marilyn Mansons Sweet Dreams song and being escorted on stage by models. They then asked who wanted a drink of scotch and had people come up on stage and sit in chairs during their entire presentation while drinking scotch, crazy right? (I will post the video up soon.)

Their content really gave me some great ideas. Jim shared a killer strategy he uses when formulating his emails. He says before he sends out a mass email trying to sell an affiliate product he checks his gmail where he constantly receives emails from other marketers and he just does the opposite of what he sees. If all the subject lines of the emails coming from everyone else are long, he writes a short subject line and vice versa. Freaking sweet!

He shared another great tip in trying to locate people that might be interested in what you are doing. He says to google your most descriptive phrase that describes what you do or what you are trying to sell and in google click the social link toward the bottom to see what people are on social media and most associated with your business and connect with them. You also want to use the related searches button when doing your research on your niche and if you are going to do any PPC.

David made a great distinction in saying that an ad is not meant to sell but to get a click. I see a lot of ads out there trying to sell from the ad, which, makes most people not want to click them. David also said never to outsource anything you don’t know very well. I totally agree with that too as I have done this with things I did not know well and it did not work out.

My Overall Review of the No Excuses Summit

To be frank with you, I have been upset that knowing computers for over 20 years, I knew very little about setting myself up for self branding. The power of using MLSP is that it gets me not only the education but the circle of influence on the top leaders in the industry. It was awesome, as this was the very first Internet marketing conference I have ever attended. I realized how much faster I could have been generating more leads and income online if I had started attending these sort of events sooner. Here is what I got out of it:

1) Educate yourself at getting at least 50 leads a day with PPC (Pay Per Click Advertising) (Google, Facebook ,etc) More on that at MLSP.
2) Once you get great at #1 work on building awesome articles using the Copywrighter Guild
3) Think of methods of putting different things together to develop your own products to fuel upfront commisions and make it an affiliate for others to get your stuff out there

Ferny Ceballos and Me

Honestly, I appreciate Ray Higdon for taking the time to really think of me and be on his webinar and share my Craigslist Ad Power Secrets. The product will be release VERY soon. If it wasn’t for Ray, I wouldn’t have been labeled as “The Craigslist Guy” in Vegas. It allowed me to connect with leaders and speakers and their ultimate question for me was “What are you working on?” And I told them, I found a loop whole in Craigslist and i’m developing a product for it. They were loving me. I feel blessed.

If you enjoy this post,

please do me a favor and share with others and retweet and comment.

Your partner in Success,

Cesar Ramirez 760.297.0366
cesar@cesarramirez.com
The Craigslist Guy
#1 Home Based Business, Period
http://www.GoldNSilver.biz

PS: You can get updates like this and others by entering your name and email in the top right box of my site.

PSS: Wanna Party With Me In Atlantis? For FREE? My Company is Doing a contest to win a 4day 3 night trip fully paid for to Atlantis and I am teaching people how to reach it! Email me for Details

PSSS: Portions of this post were leveraged from Ray Higdon’s 3 day article write up. I rehashed it with my experience. Thanks Ray!

A review of PresentationExpert.com software. A very simple to use system that is duplicatable to anyone in your team. Some videos are already available for your mlm or direct sales company. I built this video presentation in than 20 secs. Please comment below and let me know your thoughts.

So I decided to work on a new intro video for all my videos. Let me know what you think! Also in this video I go into why I joined Numis Network and decided to market a Commodity vs. a Consumable or Services Fulltime.

Full Presentation:

To see the Coin Shop of these fine graded coins: http://www.CesarRamirez.com/NumisCoins

To open up your own store and start marketing the ZERO competition products (Finest Graded Coins of Gold and Silver) and get FREE training by Cesar Ramirez, go to http://workwith.CesarRamirez.com and click Join Now!

Go to www.CesarRamirez.com/work-with-cr for more info.

I was thinking all day the perfect answer for my very own question, so to satisfy myself, I did a lot of researching.

I found out that as early as age 20, you can already be rich if you know the value and how much fun coin collecting can be! Fantastic isn’t it, and so interesting!

Below are the important terms, that everyone should be aware of:

5FS – abbreviation for Five Full Steps designation

6FS – abbreviation for Six Full Steps designation

Alloy – a mixture of two or more metals

ANA – American Numismatic Association, the national organization for coin collectors

Assay – the testing of an ore sample to determine its precious metal value

Attribution – the designation of a coin’s varie ty according to standard reference books

Authentication – the determination of a coin’s genuineness

Base metal – a non-precious metal, such as copper, nickel or zinc

Blank – an unstruck coin disc, the same as “planchet”

Bourse – a popular term for the sales floor of a coin show

BN – abbreviation for Brown designation

Brass – an alloy of copper and zinc

Bronze – an alloy of copper and tin

Bullion – refined precious metal in non-coin form

CA – abbreviation for Cameo designation

Certification – the process of having a coin authenticated, graded and encapsulated

Clad – a laminated or sandwiched coin metal

Collar – a retaining ring which imparts a coin’s edge, whether plain or reeded

Commemorative – a coin honoring an event, place or individual, usually of limite d mintage

Condition census – a roster of the five or six finest known specimens of a particular coin

Contact marks – small nicks imparted by contact with other coins

Counterfeit – a non-genuine coin, whether made to circulate as money or to deceive collectors

Coronet – a crown or tiara frequently seen on the Liberty portrait of 19th Century U. S. coins

Currency – circulating money, used numismatically to denote a non-proof coin

Denomination – the face value of a coin, such as one cent, ten cents, etc.

Denticles – the toothlike projections seen on the borders of older U. S. coins

Device – a raised design element on a coin, such as a portrait or lettering

Die – a cylindrical shaft of steel that imparts one side of a coin’s design (two are required)

Double eagle – a United States $20 gold coin, issued from 1850 to 1933

DPL – abbreviation for Deep Prooflike designation

Eagle – a U. S. $10 gold coin, issued from 1795 to 1933

Edge – the third side of a coin, it can be plain, reeded, lettered or starred

Encapsulated coin – one which has been sealed inside a plastic holder

Field – the flat surface area of a coin between the various devices

FB – abbreviation for Full Split Bands designation

FBL – abbreviation for Full Bell Lines designation

FH – abbreviation for Full Head designation

Fineness – the percentage or decimal proportion of precious metal in a coin

Flip – a flexible, transparent, plastic envelope having one pocket for a coin and one for its label

Frosted – describes a coin’s surface which is textured rather than smooth or glassy

FT – abbreviation for Full Torch designation

Grade – the numerical value assigned to a coin’s condition on a scale of 1 to 70

Hairlines – fine scratches on a coin’s surface which may affect its grade

Half cent – a U. S. copper coin of that value, issued from 1793 to 1857

Half dime – a U. S. silver five-cent coin, issued from 1794 to 1873

Half eagle – a U. S. $5 gold coin, issued from 1795 to 1929

Hub – a steel cylinder bearing one side of a coin’s design and used to produce dies

Intrinsic value – the value of a coin’s metal, irrespective of its face or collector value

Legal tender – a coin declared by a government to be acceptable in the payment of all debts

Legend – an inscription which appears on a coin, such as LIBERTY

Lettered edge – the edge of a coin on which either raised or sunken letters appear

Luster – the reflected light from a coin as determined by its surface texture and quality

Matte – the purposely dulled surface of a coin, this style was used on certain U. S. proof coins

Minor coin – a base-metal coin of small value, such as a cent or nickel

Mint – the structure where coins are produced, or, the governmental body overseeing its work

Mintmark – a small letter appearing on a coin to denote its city of manufacture

Mint State – describes an unworn coin and means the same as Uncirculated

Mirror – the brilliant surface of a coin, typically the fields of a proof or prooflike coin

MS – the abbreviation for Mint State, it’s used with a numerical figure to grade unworn coins

Numismatics – the studying and collecting of coins

Numismatist – one who engages in numismatic activity for whatever end

Obverse – the front side of a coin (“heads “)

Overdate – a coin variety in which one date is impressed over another

Pattern – an experimental coin made as a test of a new design, material or technology

PF – the abbreviation for Proof, it’s used with a numerical figure to grade proof coins

PL – abbreviation for Prooflike designation

Plain edge – the edge of a coin which is smooth and lacking any decoration

Planchet – a blank disc that will be stamped between dies to produce a coin

Press – a compression machine in which dies come together to stamp a coin

Proof – a high-quality coin for collectors made in small numbers from specially prepared dies

Prooflike – having the appearance of a proof coin, that is, mirrorlike fields

Quarter eagle – a U. S. $2.50 gold coin, issued from 1796 to 1929

R1, R2, R3, etc. – a scale of coin rarity rangin g from R1 (very common) to R8 (unique)

RB – abbreviation for Red Brown designation

RD – abbreviation for Red designation

Red Book – the popular name for A Guide Book of United States Coins, by R. S. Yeoman

Reeded edge – the edge of a coin on which raised lines appear

Relief – the portion of a coin’s design which is raised above the smooth surface or field

Restrike – a coin made years after the original edition but from the same dies

Reverse – the back side of a coin (“tails”)

Series – a continuous run of coins of the same type, such as the Buffalo Nickel series of 1913-38

Slab – a slang term for an encapsulated coin

SP – Specimen

Specie – coined money, as opposed to paper money or other store of wealth

Starred edge – the edge of a coin featuring either raised or sunken stars

Strike – the action of producing a coin, or, the quality of a coin’s detail sharpness

Trade dollar – a special type of silver dollar made from 1873 to 1885, primarily for export

Trime – a U. S. silver three-cent piece, issued from 1851 to 1873

Type collecting – assembling a collection of one of each coin denomination and design

UC – abbreviation for Ultra Cameo designation

Uncirculated – describes an unworn coin and means the same as Mint State

Wire rim – a fine, raised line of metal around the rim of very sharply struck coins

Let me share the  history of the dollar in North America pre-dates US independence. Even before the Declaration of Independence, the Continental Congress had authorized the issuance of dollar denominated coins and currency, since the term ‘dollar’ was in common usage referring to Spanish colonial 8 real coins or “Spanish Milled Dollars”. Though several monetary systems were proposed for the early republic, the dollar was approved by Congress in a largely symbolic resolution on 8 August 1786. After passage of the Constitution was secured, the government turned its attention to monetary issues again in the early 1790s under the leadership of Alexander Hamilton, the secretary of the treasury at the time. Congress acted on Hamilton’s recommendations in the Coinage Act of 1792, which established the Dollar as the basic unit of account for the United States.

I guess that’s explain why gold and silver numismatic collectable coins increase in value versus Boolean coins. Moving forward, until 1874 the value of the United States dollar was tied to and backed by silver, gold, or both. From 1792 to 1873, the U.S. dollar was freely backed by both gold and silver at a ratio of 15:1 under a system known as bimetallism. In this system, the dollar could be exchanged for 371.25 grains (24.06 g) of silver or 24.75 grains (1.60 g) of gold.

Because prices of gold and silver in the open marketplace vary independently, the production of coins of full intrinsic worth under any ratio will nearly always result in the melting of either all silver coins or all gold coins. In the early 1800s, gold rose in relation to silver, resulting in the removal from commerce of nearly all gold coins, and their subsequent melting. Therefore, in 1834, the 15:1 ratio was changed to a 16:1 ratio by reducing the weight of the nation’s gold coinage. This created a new U.S. dollar that was backed by 1.50 g (23.2 grains) of gold. However, the previous dollar had been represented by 1.60 g (24.75 grains) of gold. The result of this revaluation, which was the first-ever devaluation of the U.S. dollar, was that the value in gold of the dollar was reduced by 6%. Moreover, for a time, both gold and silver coin were useful in commerce.

In 1853, the w eights of US silver coins (except, interestingly, the dollar itself, which was rarely used) were reduced. This had the effect of placing the nation effectively (although not officially) on the gold standard. The retained weight in the dollar coin was a nod to bimetallism, although it had the effect of further driving the silver dollar coin from commerce.

With the enactment (1863) of the National Banking Act during the American Civil War and its later versions that taxed states’ bonds and currency out of existence, the dollar became the sole currency of the United States and remains so today.

In 1878, the Bland-Allison Act was enacted to provide for freer coinage of silver. This act required the government to purchase between $2 million and $4 million worth of silver bullion each month at market prices and to coin it into silver dollars. This was, in effect, a subsidy for politically influential silver producers.

The discover y of large silver deposits in the Western United States in the late 19th century created a political controversy. Due to the large influx of silver, the value of silver in the nation’s coinage dropped precipitously. On one side were agrarian interests such as the United States Greenback Party that wanted to retain the bimetallic standard in order to inflate the dollar, which would allow farmers to more easily repay their debts. On the other side were Eastern banking and commercial interests, who advocated sound money and a switch to the gold standard. This issue split the Democratic Party in 1896. It led to the famous “cross of gold” speech given by William Jennings Bryan, and may have inspired many of the themes in The Wizard of Oz. Despite the controversy, the status of silver was slowly diminished through a series of legislative changes from 1873 to 1900, when a gold standard was formally adopted. The gold standard survived, with several modifications, until 1971.

Thus the United States moved to a gold standard, made gold the sole legal-tender coinage of the United States, and set the value of the dollar at $20.67 per ounce (66.46 ¢/g) of gold. This made the dollar convertible to 1.5 g (23.2 grains)—the same convertibility into gold that was possible on the bimetallic standard.

On April 5, 1933, President Roosevelt outlawed the ownership of gold by individual persons and corporations in amounts in excess of $100 in value by passing Executive Order 6102 which stated: “All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency … all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933.” (Presidential Executive Order 6102, Section 2). Supported by this confiscation of gold, during the Great Depression, President Franklin D. Roosevelt revalued the dollar to 35 per troy ounce (112. 53 cents per gram) of gold. This represented a drop in the value of the U.S. dollar. It fell to only 890 mg (13.7 grains) of gold. The U.S. dollar had thus been devalued almost 41% by government decree.

A gold-standard 1928 one-dollar bill. It is identified as a “United States Note” rather than a Federal Reserve note and by the words “Will Pay to the Bearer on Demand,” which do not appear on today’s currency.

A gold-standard 1928 one-dollar bill. It is identified as a “United States Note” rather than a Federal Reserve note and by the words “Will Pay to the Bearer on Demand,” which do not appear on today’s currency.

Under the post-World War II Bretton Woods system, all other currencies were valued in terms of U.S. dollars and were thus indirectly linked to the gold standard. The need for the U.S. government to maintain both a $35 per troy ounce (112.53 ¢/g) market price of gold and also the conversion to foreign currencie s caused economic and trade pressures. By the early 1960s, compensation for these pressures started to become too complicated to manage.

In March 1968, the effort to control the private market price of gold was abandoned. A two-tier system began. In this system all central-bank transactions in gold were insulated from the free market price. Central banks would trade gold among themselves at $35 per troy ounce (112.53 ¢/g) but would not trade with the private market. The private market could trade at the equilibrium market price and there would be no official intervention. The price immediately jumped to $43 per troy ounce (138.25 ¢/g). The price of gold touched briefly back at $35 (112.53 ¢/g) near the end of 1969 before beginning a steady price increase. This gold price increase turned steep through 1972 and hit a high that year of over $70 (2.25 $/g). By that time floating exchange rates had also begun to emerge, which indicated the de facto dissolution of the Bretton Woods system. The two-tier system was abandoned in November 1973. By then the price of gold had reached $100 per troy ounce (3.22 $/g).

In the early 1970s, inflation caused by rising prices for imported commodities, especially oil, and spending on the Vietnam War, which was not counteracted by cuts in other government expenditures, combined with a trade deficit to create a situation in which the dollar was worth less than the gold used to back it.

In 1972, the United States reset the value to 38 dollars per troy ounce (122.17 ¢/g) of gold. Because other currencies were valued in terms of the U.S. dollar, this failed to resolve the disequilibrium between the U.S. dollar and other currencies. In 1975 the United States began to float the dollar with respect to both gold and other currencies. With this the United States was, for the first time, on a fully fiat currency.

The sudden jump in the price of gold after central banks gave up on controlling it was a strong sign of a loss of confidence in the U.S. dollar. In the absence of a gold-market-valued U.S. dollar, investors were choosing to continue putting their faith in actual gold. Consequently, the price of gold rose from $35 per troy ounce (1.125 $/g) in 1969 to almost $900 (29 $/g) in 1980.

This graph shows the final closing value of the U.S. dollar for each calendar year. Value is measured in milligrams of gold. By this measure the U.S. dollar lost a very significant amount of value during the 1970s.

This graph shows the final closing value of the U.S. dollar for each calendar year. Value is measured in milligrams of gold. By this measure the U.S. dollar lost a very significant amount of value during the 1970s.

Shortly after the gold price started its ascent in the early 1970s, the price of other commodities such as oil also began to rise. While commodity prices became mor e volatile, the average exchange rate between oil and gold remained much the same in the 1990s as it had been in the 1960s, 1970s and 1980s.

Fearing the emergence of a specie gold-based economy separate from central banking, and with the corresponding threat of the collapse of the U.S. dollar, the U.S. government approved several changes to the trading on the COMEX. These changes resulted in a steep decline in the traded value of precious metals from the early 1980s onward.

In September 1987 under the Reagan administration the U.S. Secretary of the Treasury James Baker made a proposal through the IMF to use a commodity basket (which included gold) as a reference point to manage national currencies. However, the stock market Crash of October 1987 followed by the Iran-Contra scandal distracted the administration from such plans, and political momentum was lost.

As of May 2004, the U.S. reserve assets include $11,045,000,000 of gold stock, valued at $42.2222 per fine troy ounce (1.36 $/g).

Fiat standard

Today, like the currency of most nations, the dollar is fiat money, unbacked by any physical asset. A holder of a federal reserve note has no right to demand an asset such as gold or silver from the government in exchange for a note. Instead, the currency is backed by future claims to wealth of American taxpayers and other income sources of the Treasury. [1] Consequently, proponents of the intrinsic theory of value believe that the dollar has little intrinsic value (i.e., none except for the value of the paper) and is only valuable as a medium of exchange.

In 1963 the words “WILL PAY TO THE BEARER ON DEMAND” were removed from all newly issued Federal Reserve notes. Then, in 1968, redemption of pre-1963 Federal Reserve notes for gold or silver officially ended. The Coinage Act of 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, and all coins minted for general circulation are now 100% clad.

All circulating notes, issued from 1861 to present, will be honored by the government at face value as legal tender. But this means only that the government will give the holder of the notes new federal reserve notes in exchange for the note (or will accept the old notes as payments for debts owed to the federal government). The government is not obligated to redeem the notes for gold or silver, even if the note itself states that it is so redeemable. Some bills may have a premium to collectors.

The only exception to this rule is the $10,000 gold certificate of Series 1900, a number of which were inadvertently released to the public because of a fire in 1935. A box of them was literally thro wn out of a window. This set is not considered to be “in circulation” and in fact is stolen property. However, the government canceled these banknotes and removed them from official records. Their value, relevant only to collectors, is approximately one thousand dollars.

According to the Bureau of Engraving and Printing, as of July 31, 2000, there was $539,890,223,079 in total currency in worldwide circulation, of which $364,724,397,100 was in the $100 denomination.

In September 2004, it was estimated that if all the gold held by the U.S. government (261.7 million ounces = 8 140 Mg) were again required to back the circulating U.S. currency ($733,170,953,704), gold would need to be valued at $2,800/ounce (90 $/g).

Greenbacks

The federal government began issuing currency that was backed by Spanish dollars during the American Civil War. As photographic technology of the day could not reproduce color, it was decided the back of the bills would be printed in a color other than black. Because the color green was seen as a symbol of stability, it was selected. These bills were known as “greenbacks” for their color and started a tradition of the United States’ printing the back of its money in green. In contrast to the currency notes of many other countries, Federal Reserve notes of varying dominations are the same colors: predominantly black ink with green highlights on the front, and predominantly green ink on the back. Federal Reserve notes were printed in the same colors for most of the 20th century, although older bills called “silver certificates” had blue highlights on the front, and “United States notes” had red highlights on the front.

In 1929, sizing of the bills was standardized (involving a 25% reduction in the then current sizes). Modern U.S. currency, regardless of denomination, is 2.61 inches (66.3 mm) wide, 6.14 inches (156 mm) long, and 0.0043 inches ( 0.109 mm) thick. A single bill weighs about one gram and costs approximately 4.2 cents for the Bureau of Engraving and Printing to produce.

I must say, I made a successful research to share with my readers.  I also suggest my readers to check on the website of the NATIONAL NUMISMATIC COLLECTION, to learn more about the facts about collecting coins.

Additionally, visit my retail store and these beautiful coin collectibles. www.CesarRamirez.com/NumisCoins

Cesar Ramirez

2 Days Left before the introductory price goes up (3/1/2010). Procrastinators this is a call to action. If you want to position yourself in what I like to call the right place at the right time with ZERO competition, Click on join now to lock your position in: workwith.CesarRamirez.com

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So, with that said. I am one of the very few people in California. When I say few, I mean less than 200 in the whole state of millions that is involved in Numis Network. Numis markets the finest graded coins of Gold and Silver available. With that said, I am going to encourage you to sign up before 2/28/2010 to save yourself $200.

It’s a call to action here ladies and gentlemen. You want to be in at the introductory price. There isn’t a difference in product you receive after 3/1/2010 but you will be paying about $200 more for the same benefits. Currently the price to lock your position is $299 and after 3/1/2010 it will go up to $495. If you want to partner up with me in what I feel is the best comp plan in the industry that drives fire in your team, go to http://workwith.CesarRamirez.com and click Join Now. Don’t think about it twice or try to go and ask your broke friends for advice. Get your facts from the top leader in the company here in California. If you want to contact me directly which is what I recommend you do first to get your questions answered, call me at 760-297-0366.

It’s all about timing. Don’t sleep on this one. You and your family deserve it. Collect a true asset. Historically overtime, these coins have gone up in value.
Take a look at the 1986 American Silver Eagle MS70 Coin on ebay. Clearly worth 5 times more than what you are paying for here with your autoship. It’s a no brainer:

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See a Live Presentation 9am/5pmPST – www.NumisBusinessPresentation.com
Pre-Recorded Presentation – www.NumisPresentation.com
Testimonials: budurl.com/GoldandSilver
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Make it a great day.

Cesar Ramirez

Join the hottest and sharpest Network Marketers on the Internet. Team Take Over Dream Team:

These are videos that I streamed live (RAW) for people that could not make it out to Numis’s 1st Nation Convention. The video frame rate is choppy on purpose because that is what happends when you stream live and record it over the net but the audio is fine. No one in history that I know of has done this in any Network Marketing company. There was a lot of people enjoying the stream and that makes me feel like I did my job of giving back to others.

1st Video shoot