Author Archives: Pat Heller

Do you own silver or paper?

When a COMEX gold or silver futures contract matures, the party that holds the long side may choose to sell off the contract, to trade it for a contract that matures further in the future, or may demand delivery of … Continue reading

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Taxers out to get you

For decades, the law has been that if a business sold goods in a state where it did not have a physical presence, it was not required to charge, collect, and remit that state’s sales tax from sales to customers … Continue reading

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Need help? Ask a coin dealer

Most people who hold themselves out as coin dealers – no matter whether they operate a store or office, are a vest pocket dealer, trade at coin shows, or only buy and sell by mail or the Internet – probably … Continue reading

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Encourage hands-on activities for youth

By the time you read this, I will have again finished co-teaching a class titled “Collecting Coins For Fun & Profit” as part of 4-H Exploration Days on the Michigan State University campus near where I work. My co-teacher will … Continue reading

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Viewpoint: Coins merit national tax exemption

By definition, sales and use taxes are called “consumption taxes” because they are imposed on items that are consumed or used up. Some states (Alaska, Delaware, Montana, New Hampshire and Oregon) do not assess any sales or use taxes. Most … Continue reading

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Don’t place short-term metal bets

Several years ago, a customer visited my store asking to purchase some bullion-priced silver products. It was early in the calendar year. He stated that his plan was to sell the silver in late summer to use the proceeds to … Continue reading

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Hand them something strange

What U.S. legal tender coins and paper currency could be spent and possibly spark enough interest to encourage a new numismatist? Over the past several months, I have aggressively spent $2 Federal Reserve Notes when paying for purchases. This causes … Continue reading

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Gold up, dollar down? Not quite

Some people consider it conventional wisdom that when the value of the U.S. dollar is strong, the price of gold will be weak. Although it may seem like there is some sense to this, since both the dollar and gold … Continue reading

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Dollar pushes gold around

On May 15, the price of gold hit its lowest COMEX close since Dec. 27, 2017. As measured in U.S. dollars, the price of gold that day was down 1.3 percent year to date. I repeat, as measured in U.S. … Continue reading

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Debt grip holds world economy

On April 18, the International Monetary Fund (IMF) issued its latest annual Global Financial Stability Report. The title of this year’s report is “A Bumpy Road Ahead.” You can read the summary of it online at http://www.imf.org/en/Publications/GFSR/Issues/2018/04/02/Global-Financial-Stability-Report-April-2018, or click on … Continue reading

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