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Coin Collection

New to numismatics? Take a look at this guide to getting started.

Many people begin their coin collecting journey by finding an interesting coin in their pocket change, inheriting a coin collection or acquiring a few coins by some other means. Other people think they have found a rare and valuable coin and are looking to get rich quick.

Regardless of where you start, here are some tips that will ensure you have a long and profitable coin collecting journey.  This was posted by the Ann Arbor Area Coin Club which was restarted over a year ago and shares news and items every month in Michigan.  This guide was created by James Buck for The Spruce.

Source: Coin Collecting Tips for Beginners

Silver coins beat the house. This short personal anecdote shared by Liberty Coin Service in Lansing Michigan, is a perfect demonstration of why it is prudent for most everyone to own some bullion-priced physical gold and silver coins and ingots.

Fifty years ago, my mother purchased a home for $29,000. Three years ago, one of my brothers purchased the home from my mother’s estate for $100,000. Did this home really more than triple in value over the years?

Absolutely not!

According to the Federal Reserve Bank of Saint Louis at https://fred.stlouisfed.org/series/M1SL, the M1 definition of the U.S. money supply when my mother purchased her home was $177 billion. When this house sold three years ago, the U.S. money supply had grown to more than $2.8 trillion, an increase of more than 15 times.

Had the value of the home simply kept up with the inflation of the money supply, it should have sold for more than $450,000. Instead it went for less than one-fourth of this amount.  Obviously, the value of this home did not come anywhere close to offsetting the loss of purchasing power caused by government inflation of the money supply.

By the way, when my mother purchased this home, she was saving the silver coins in her pocket change. When she died, these coins had increased in value almost the exact same amount as the increase in the U.S. M1 money supply.

That’s right. Owning silver coins better protected her from the economic losses suffered from government inflation of the money supply than did owning her own home.

Think about it.

 

Source: Silver Coins Beat the House • Liberty Coin

The ANA—American Numismatic Association, has posted a great listing of sites and reading recommendations.  Explore the links to expand your knowledge of coin collecting and numismatics.

Money Websites  The following list contains links to some of the best websites available to numismatists. Use these in conjunction with the recommended books listed.

Reading only a couple of books or relying only on internet sources will not provide sufficient knowledge to do well as a coin treasure hunter.  There are many, educational  websites to assist you, but the compiled sites will start you out in the right direction.

Source: Links to Helpful Numismatic & Coin Collecting Websites

Coin Update recently announced, with input from numismatic experts, the attorney general of Texas, Ken Paxton, has issued a consumer-protection alert about buying and selling gold coins.  Paxton’s advisory cautions consumers and investors:  “If coins you bought as an investment would have to double or triple in value before any gain could be realized, you may have been a victim of fraud.”

Among other tips in the Texas attorney general’s advisory:

  • Do not respond to callers not previously contacted. Cold callers often are not registered in Texas to legally tele market and often try to pressure customers to act quickly.

  • Do not do business with a dealer who guarantees your purchases are totally safe, will go up in value, or can’t go down; who stresses government gold confiscation; or who says he will buy them back for what you paid at any time.

  • If you believe you may have been a victim of fraud, do not hesitate to contact the authorities.

  • For greater detail involving this issue review the complete advisory.

Source: Texas attorney general issues consumer-protection tips for gold buyers | Coin Update

Buying Pre-1965 Silver Right Now Offers Downside Protection and Potential Upside Profit

The case for owning low-premium bullion products, and avoiding high-premium numismatic products, is straightforward.  Specialty coins that carry hefty collectible premiums above melt value put buyers an immediate disadvantage. If they have to turn around and sell, they might get back only a small fraction of the premium they paid.

Bullion coins that sell for close to melt value don’t carry that type of downside risk. They tend to closely track spot prices with relatively small bid/ask spreads.  At the present time, the best opportunity in 90% silver is to be a buyer.  That’s because premiums now sit at historically low levels. In quantities of a half bag or larger, junk silver can be had for under $1/oz over spot prices!.

You pay virtually nothing extra now to own an asset that could command much higher premiums in the future. It’s like getting a free option on rising premiums that never expires. When a period of extreme tightness returns to the market, you may wish to exercise that option.

In baseball terms, it’s a double play opportunity. You have the potential to make money two ways – from rising silver prices and rising coin premiums – with one purchase.  The silver bullion market is not merely the spot silver market. Each type of bullion product is its own market with its own bid/ask spreads and premiums. Most ordinary bullion bars and rounds don’t deviate much from spot prices in normal market conditions.

This perspective is courtesy of the Money Metals News Service.  To explore the topic in greater depth, click the link below or go to the Money Metals Exchange and sign up for their newsletter which offers many unique opportunities.

Source: Double Play Potential of Pre-1965 U.S. Silver

Provident Metals introduces Third Silver Round in the Privateer Series

Provident Metals is excited to introduce the third silver round in the Privateer Series: The Captain 2oz Silver Ultra High Relief Round.  The piratic round was struck with two troy ounces of .999 fine silver at the Elemetal Mint.

 

“The Captain,” known for his piracy on the open seas, is featured on the reverse of this 2 oz Ultra High Relief Silver Round.  Strapped with weapons across his chest and holding a sword and treasure map, he stands beside a conch shell and a treasure chest filled to the brim with coins as the sea roars in the background. He wears a long coat, an eye patch, hat, and a long, gnarled beard.

Pirates like The Captain were known for capturing vessels on the open waters and robbing the ships of their valuable belongings.

The reverse image displays the pirate as he proudly stands beside a hoard of gold, silver, and precious stones.

The common obverse of the Privateer series features a human skull atop a wooden wheel that’s wrapped in tattered rope. Reminiscent of the Jolly Roger, the design is surrounded by inscriptions of “NO PREY NO PAY” and “2 oz. FINE SILVER .999. “No prey, no pay” is a piratical phrase that meant if a raid was unsuccessful and no valuable commodities were acquired, the privateers would not be paid for their efforts.

The Captain follows the release of the Plank and Siren in the series which carries a pirate-themed design with high relief images rising off of the surface on both the obverse and reverse.  Unique in appearance, these extraordinary rounds are excellent options for Silver Bullion collectors.

Many thanks to Provident Metals for the innovative approaches to the bullion collecting public.

Source: The Captain 2 oz Silver High Relief Round | Provident Metals

apollo-11-astronauts-o

Apollo 11 Astronauts

Only one country gets to be first to put a man on the moon, and on July 20, 1969, the United States became that country.  The manned Moon landing was a singular achievement for humankind, and one of the greatest moments in modern American history.

Collectors and space-program enthusiasts are turning their attention to the Apollo 11 Moon landing, and its 50th anniversary in 2019.  At issue is the passage of the Apollo 11 50th Anniversary Commemorative Coin Act.

 

 

apollo-11-landing-o

First Moon Landing

  You can see other Silver collectibles at Captain’s Coins Silver and Cards .

 

 

 

 

 

For Further information and to view pictures follow this link  Coin Update November 5 Issue .

The following is a re-post from Coin Update’s sister site, Mint News Blog.

Best-Selling Annual Guide Prices 7,900 Coins

The 71st edition of the hobby’s Guide Book of United States Coins (popularly known as the “Red Book”) will launch at the Whitman Baltimore Coin and Collectibles Expo on March 30, 2017. It features new and extensively updated content reflecting the current market for collectible coins.

Coin collectors have used the Red Book to value their collections since the 1st edition was published in 1946.

At 464 pages the new 71st edition prices 7,900 entries in up to 9 grades each, with more than 33,000 retail valuations in total.  The book has 2,000 images, including enlarged close-ups of rare die varieties, with 442 of them new this year.

“The Red Book is an invaluable source of current price information combined with important historical information for each issue,” said Valuations Editor Jeff Garrett.

“The new Red Book contains the most recent Lincoln cents, Jefferson nickels, Roosevelt dimes, America the Beautiful quarters, Kennedy half dollars, Native American dollars, commemoratives, official Mint coin sets, and bullion coins.”

Go to the article in Coin Update for order information and further details about the new issue.

Source: New OFFICIAL RED BOOK Celebrates 225 Years of U.S. Coinage | Coin Update

 

Silver Bullion Proofs Celebrating the People, Natural Resources and Spirit of the Great Lakes.

The 2017 FUN Show in Florida gave this new company an opportunity to introduce their High Quality, Limited Mintage Silver proof rounds to the silver collecting public.  Their underlying belief is that Silver has long been prized as a treasure from the earth and has been recognized for its brilliance and unique physical properties.

 

Their website goes into detail about the Great Lakes Region and what it has to offer collectors and investors today.  They also share their initial grading results and discuss the world class quality of the Mayer Mint.

The site offers a shopping cart with a diversified selection of additional silver products that are available for purchase.

 

The first issue one ounce .999 Silver Proof Round.  The second issue displayed above is also now available.

Check them out today. Great Lakes Bullion

 

The Engelhard Prospector silver rounds are highly collectable and typically command a significant premium above their melt value.  They are considered by many to be the premier silver bullion round to which most others are compared.  These rounds, which pre-dated the US Mint released American Silver Eagles in 1986 were the premier quality silver round.  The series ran from 1982 to 1987 and each piece contains one Troy ounce of .999 fine silver.  The production run was extremely low and the quality was excellent for all years, making them a great addition to any collection.  In 1985 Engelhard produced the Prospector in 1/10, ¼, ½ ounce sizes in addition to the one ounce round and this was the only year making them very scarce.

eng prospectors 4 sizes o

1985 Prospectors Series

It is important to note that 1983 and 1987 have been considered to be considerably lower in mintage than the other years.  As such, a study and resultant guide created and published on eBay by Dave, an eBay seller and buyer, provides results of an individual sampling study of Engelhard Prospectors listed on eBay in 2014 to determine which year really is the rarest. The interesting results can be found in the article.

All of the Engelhard Prospectors have an image of a prospector panning for gold along with the text “U.S.A.” and the date. From 1982 through 1984 the reverse of the round had a large “E” inside a globe and the text “ENGELHARD/ ONE TROY OUNCE/ 999+ FINE SILVER”. In 1985 the reverse design was changed to an Eagle with a branch and flag and the text “ENGELHARD/ ONE TROY OUNCE 999+ FINE SILVER”.

Engelhard Prospector 1oz Silver Rounds

Source: Engelhard Silver Prospector Series Rarity Study | eBay

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