Everything that we have has some type of value placed on it. Some of these values are given based on how we feel about them. Other items are given values that have been assigned by others. This basing of values applies to old coins and the other coins that you will find coin collections. While many coin shops and coin dealers will know the old coin value for many coins, we may have no idea about this.
Last weekend I visited a local coin dealer Pine Hall for the first time that opened just last May. It deals only in bullion coins; no numismatic coins. The owner mentioned that since he opened last May, the gold to silver price ratio has dropped from about 68:1 to 58:1. In less than six months the ratio has moved more than it has moved in the last 10 years. And the “Small Money” locals have apparently been paying attention. The owner of the store told me the transaction he has done most since he opened is exchanging gold for silver. The local Small Money people, including ours truly, are betting the ratio will continue to move toward the 200-year norm of around 17:1.
Not really. The founders of DGCs tend to believe in gold as both a store of value and a medium of exchange. I agree with them wholeheartedly that gold is peerless as a store of value, but I think the evidence is that gold is at best a temporary medium of exchange. It gets beaten back by Gresham’s law :- “Bad money drives good money out of circulation”.
The handful of companies (Coins N Things, MTB Coins, Jack Hunt Coins, Fidelitrade, American Precious Metals Exchange, A-Mark Precious Metals, The Gold Center, Dillon Gage, and Prudential Securities) selling these silver behemoths have been overwhelmed with requests. The rules limiting them to selling no more than one set of five to any single household has not made it any easier for the majority of folks to find even one example, much less a set of five.
When Norm lay dying, the hospice nurse told him that Jesus was holding out his hand to him. He was able to let go and be with Jesus. That is what inspired my painting. I painted Jesus with Norm as a little boy. It is not that great of a work of art, but the sentiment was what mattered.
There are a few advantages of buying silver coins. As for examples some people do collect it as their hobby. If you might looking for a new hobby you must thought of collecting coins. Today you might buy them as your hobby but tomorrow they can save you millions. Wondering how? Here is the answer as silver becomes increasingly in demand it will be more valuable in future. After it becomes valuable it will worth you more than you paid for it and what better then satisfying your hobby with a profitable investment, both in one.
In the world of coin collecting, you can spend as little as $1 or as much as $10 million for one coin. The first objective in this hobby is to know the difference.