Author Archives: Harry Miller

Premium on MS-65 $20s lowest ever?

The German finance minister called Greece “a bottomless pit.” I think that quote can apply to over half of the Western World. Fiat currency has allowed many governments to create a huge international bottomless pit. Although precious metals are weaker at the moment because of the weakening euro versus the dollar, they are the only insurance for the individual. Continue reading

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Mint State Morgans down slightly

Paper money is worthless (unless you don’t have any) because it is no longer a store of value. For years governments have been inflating at various rates, but currently it is absurd with near zero interest rates. People who have saved all their lives earn virtually nothing on savings, or have been wiped out by the system. Those who protected themselves with hard assets have done well. Continue reading

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Metals market quiets down in new year

On Jan. 1 Japanese bullion dealers were required to start reporting bullion sales in excess of 2,500 yen, or about US $3,000, to the government. The fear of this new rule and threat of a new tax were enough to cause widespread liquidation by the public. Japanese bullion dealers were reportedly swamped Continue reading

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Metals drop; Morgans show gains

Precious metals continue sliding. This does not bode well for the upcoming Florida United Numismatists show in Orlando in early January. Continue reading

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Metals drop; Morgans show gains

Precious metals continue sliding. This does not bode well for the upcoming Florida United Numismatists show in Orlando in early January. Gold is testing recent lows, down 3 percent from last week’s writing and silver is down over 5 percent while platinum is holding at around a 2 percent decline. Continue reading

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Circulated Morgan dollars rebound

On Dec. 21 the European Central Bank lent $645 billion to 523 different banks at 1 percent interest. Precious metals drifted slightly lower. This is another attempt to monetize toxic sovereign debt, an inflationary move of major proportions. Continue reading

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Golden year not kind to modern sets

Areas most affected negatively by the economy in 2011 were modern issues of the last 30 years. As you go back in time the negative effects become less and less. The state quarter issues are the most notable examples. Years ago they did a wonderful job of creating new collectors. Continue reading

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Type coins stay strong at year end

Precious metals have been somewhat tame as they await the outcome of yet another eurozone summit. I still like silver best, but who knows? The type coin market continues to surprise many with its resilience. Seasoned collectors and professionals realize how scarce and rare many issues are. Continue reading

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Silver rise may boost coin prices

On the last day of November, the Chinese Central Bank lowered the bank reserve requirement by 1/2 percent to allow its banks to lend more money. This is the first time the Chinese have eased money supply in over three years. Continue reading

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Circulated gold premiums hit zero

When I started in business nearly 45 years ago banks were respected institutions that followed strict rules. These rules were the result of hard learned lessons. Thomas Jefferson often referred to banks and the need to control them lest they control us. In Europe there is talk of their banks being too big to save, as others try to convince us ours are too big to fail. Continue reading

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