Author Archives: Pat Heller

Gold bond new investor option

Two weeks ago, Rand Merchant Bank, a subsidiary of FirstRand Bank, Ltd., South Africa’s second largest bank, listed on the Johannesburg Stock Exchange a new five-year security called FirstRand Gold Bond. This issue is limited to 2 billion rand (about … Continue reading

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Coin, paper money prices change constantly

Numismatic price guides and reporting services are just that – guidance on value rather than absolute guarantees of price. In even the best circumstances, there is not any single price guide or reporting service that can tell a collector or … Continue reading

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Dealers close down in Minnesota

At last week’s American Numismatic Association World’s Fair of Money in Rosemont, Ill., I was able to gather many more details on the evolution of the Minnesota coin dealer registration law that became effective July 1. Apparently, Minnesota was the … Continue reading

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$50 silver sooner than you think?

In mid-July, my column discussed the huge increase in short sales of silver commodity contracts on the COMEX during June and into early July.  The net increase of 240 million ounces of paper silver owed to buyers of these contracts … Continue reading

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Visit coin shops to see what works

I have previously written about the educational value that collectors can obtain by visiting their local coin shops, even if it turns out that a local dealer is not really able to serve a particular collector’s interests. Coin dealers can … Continue reading

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Big move higher coming for silver

From the COMEX exchange’s weekly position reports, the commercial traders increased their net short position from June 3 to July 8 by more than 240 million ounces. This amount represents nearly 30 percent of annual worldwide new silver mining production. … Continue reading

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Will perfect copies destroy values?

Will nanotechnology develop sufficiently in the future to make it possible to create perfect duplicates that will not be distinguishable from the genuine original coins and paper money? Nanotechnology is technology on the scale of one billionth of a meter.  … Continue reading

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Dealers to reject Minnesota clients

The nation’s coin dealers are saying no to Minnesotans. Their choice is to reject these clients or comply with a draconian new state law. It might surprise some that it has come to this, but there has been a long … Continue reading

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Engelhard bars gain collector value

A numismatic dream is to acquire an item at face value or on the basis of metal value, then later sell it for a collector premium. There are endless marketing campaigns that try to make what I consider high-priced bullion … Continue reading

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Avoid bank account trap

The provisions of the Foreign Account Tax Compliance Act (FATCA) became law in March 2010. The law and its associated regulations are designed to improve compliance by U.S. taxpayers in reporting and paying taxes due on foreign-based assets. In the … Continue reading

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