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Collectible Investments: U.S. postal/fractional currency

Can investing and collecting go hand-in-hand? Yes -- especially if you are collecting coins, stock certificates, bank notes, or other rare items of value. Larry Schutts, an expert in investment-related collectibles, will review items of interest from his collection and answer your questions here each week.

By 1862, the U.S. government was issuing a lot of paper to finance the Civil War. It was also refusing to redeem the currency in coin. That forced banks to follow suit and citizens soon began hoarding their small change. Day-to-day commerce suffered, until Congress authorized the printing of currency notes with denominations of less than one dollar. People had begun using postage stamps in lieu of coins and that prompted the issuance of notes that carried the images of contemporary stamps of equivalent value. Counterfeiting problems led to more elaborate designs, but the initial issue of "Postage Currency" and four subsequent issues of "Fractional Currency" served Americans well for the next 14 years.

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Collectible Investments: Large-size U.S. notes

Can investing and collecting go hand-in-hand? Yes -- especially if you are collecting coins, stock certificates, bank notes, or other rare items of value. Larry Schutts, an expert in investment-related collectibles, will review items of interest from his collection and answer your questions here each week.

The widespread issuance of U.S. federal paper money began in the early 1860s. For nearly seventy years, most notes measured about 7-3/8 by 3-1/8 inches. That is a little more generous than the economical 6-1/8 by 2-5/8 inch dimensions in use since 1929 and a succinct collector community refers to the two groups as "large-size" and "small-size" notes.

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Symphony: IBM's new Microsoft (MSFT) Office killer

International Business Machines IBM logoNow that Google (NASDAQ: GOOG) has begun to go after Microsoft (NASDAQ: MSFT) Office, International Business Machines (NYSE: IBM) wants a piece of the action as well.

Big Blue will launch a new, free office-like product called Symphony. It will be available on the internet, and it is free.

According to The Wall Street Journal "Symphony is based on software available from Open Office." The same foundation is used for Sun Microsystems (NASDAQ: JAVA) and Google's desktop applications processes. The product also has functions from Notes, a product IBM bought years ago. Notes was almost run out of the market by Microsoft. IBM hopes that the free software application will help it sell more recent versions of Notes, which includes e-mail and instant messaging.

Does the IBM launch matter? Probably not. Nor does the recent upgrade of Google Apps to include software similar to PowerPoint. Microsoft has about 500 million desktop applications running on PCs and the Journal writes the company has "sold 71 million licenses of its latest version of Office in the fiscal year ended June 30." The Office software sells for slightly more than $100.

Getting customers to leave Microsoft, with its huge installed base, is almost impossible.

Douglas A. McIntyre is a partner at 247wallst.com.

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S&P 500-10.671,087.84

Last updated: November 12, 2009: 03:31 PM

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