Things To Learn When You Sell Coins

//Things To Learn When You Sell Coins

Things To Learn When You Sell Coins

“>coin dealer Germanton?

The vault operators need to operate in each of London, New York and Zurich. There are only 2 practical choices – which are Via Mat (Swiss owned) and Brinks (US owned). We used to vault at Brinks, but we switched to Via Mat in April 2007. Our customers seem to be happier with Via Mat because of its Swiss ownership.

What does all this have to do with precious metals investing, and silver investing in particular? Nothing–at least not directly. First, the CPI is not a measure of inflation. It is a measure of price change of particular consumer items. Second, prices fluctuate all the time. If you read the next sentence beyond the headline that grain prices are up, you learn that production (supply) is expected to be down. The economic law of supply/demand has not ceased to work. And oil, like all commodities, is priced in U.S. dollars. Have you heard? The dollar is falling. Therefore anything priced in U.S. dollars rises.

Most people are rushing to buy silver as an investment and the experts are giving caution as to holding silver as an investment as it is not a liquid asset which can be easily traded. As a measure of value, Canada and the US have recognised silver as legal tender. This means that silver can be used as a payment for debt. The experts in silver investment have always considered ETF’s or exchange traded funds as the best way to go. This is where you sell your silver to a bank or the government coffers and you get certificates showing your ownership.

One quick note on the “naming” of coins. Each coin is generally named by the date, location of the mint where it was made and then the type of coin. For example a 1970-D Washington Quarter means that this coin was minted in 1970 in the Denver (D) mint and is a Washington 25 cent piece (quarter).

But this isn’t about that. I’m not writing in hopes that she’ll see it and direct another smile my way, but rather simply to remind you that sometimes, it’s not the tour guide in the beautiful cathedral that will show you a country. Sometimes, it’s as simple as a happy face in an old coin shop.

By | 2017-07-06T15:26:43+00:00 July 8th, 2017|Coin shop|Comments Off on Things To Learn When You Sell Coins

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