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Gold Coins, Spectacular Jewels and Art to be Sold at Government Auction's Jan ...

/PRNewswire/ --  On Jan. 1, California-based Government Auction will host its seventh annual New Year's sale, featuring rare gold coins, fine jewelry and gems; art and antique music machines. More than $2M in merchandise will be sold to the highest bidder in the absentee, phone and Internet auction, with Internet live bidding through LiveAuctioneers.com.

The company traditionally reserves for its New Year's sale only the best and most valuable items in its inventory. "Collectors love it because most of the lots start with an opening bid of only one or two dollars," said Chris Budge, of Government Auction's Marketing department.

A strong candidate for top entry in the 2,000-lot sale is a 1795 "13-leaves" $10 gold eagle coin. Fewer than 5,100 gold eagle coins were minted in 1795, and only 400-500 examples of the 13-leaves variation are known to exist. These coins hold strong interest with collectors because they were the first U.S. gold eagle coins to be stamped. Designed by Robert Scott, each weighs 17.5 grams and has 91.7% gold content. The coin in Government Auction's sale is graded NGC AU by Numismatic Guaranty Corp. Estimate: $123,000-$246,000.

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Budget highlights 2011-2012|On direct tax code|Budget 2011 income ...

According to the statement, the rise in the income tax exemption restrict for general tax payers (eliminating ladies and senior citizens) to Rs 1. Finance Minister Pranab Mukherjee additionally elevated the income tax Slab exemption restrict for general tax payers to Rs 1. 8 lakh per year might result in an advantage of Rs 2,000 for all those tax payers.

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The Government would not water down the Universal service obligation and indeed would strengthen it, ensuring that Ofcom had to sanction changes, both Houses of Parliament had to vote on these and that stamp prices had to be consistent across the