Author Archives: Pat Heller

Gray areas in tax exemption law

Earlier this year, Ohio Governor Kasich signed into law Senate Bill 172. This law adds provision 54 in Section 1 to establish a sales and use tax exemption on the retail sales of “investment metal bullion” and “investment coins,” which … Continue reading

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Is cash a curse?

Kenneth S. Rogoff is the former chief economist at the International Monetary Fund and now a Harvard professor. His latest book, titled “The Curse of Cash,” has just been released. Rogoff identifies two reasons why the use of cash should … Continue reading

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Money can teach much if we let it

By examining and learning about coins and paper currency, you can educate yourself about art, communication, culture, economics, geography, history, languages, industrial production, mathematics, science and a lot more. Here are just a few questions for which the answers can … Continue reading

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Help future coin buyers

The American Numismatic Association reports that its average member is now over 60 years old. When I was a member of the ANA’s Future of the Hobby Committee over a decade ago, the average member age was then about 51. … Continue reading

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No more restraint on dollars issued

Last week I wrote about the 45th anniversary of President Richard Nixon’s Aug. 15, 1971, temporarily closing the gold exchange window, where central banks had previously been able to turn in U.S. currency and receive physical gold. Nixon claimed that … Continue reading

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No gold for you, paper

Monday was the 45th anniversary of then President Richard Nixon’s Aug. 15, 1971, speech in which he said, “I have directed [Treasury] Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in … Continue reading

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‘Buy what you know’ valuable advice

There is a sensible bit of financial advice to only invest in what you understand and know. If you don’t understand the nuances of a possible investment, your risks of a loss go way up. The same advice applies when … Continue reading

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Silver markups decline

Premiums have fallen for pre-1965 90 percent silver U.S. coins. Since my article two weeks ago where I did some comparison shopping on what different dealers were quoting retail customers as their price for $1,000-face-value bags of circulated 90-percent silver … Continue reading

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Unload coins in tough times?

The overall economy has an impact on supply and demand for numismatic and precious metals products. When there is a general sense of prosperity, there is greater demand for discretionary items, which are items beyond what is needed for everyday … Continue reading

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Compare prices when buying silver

As you probably know, dealers don’t quote the same prices for identical merchandise. It takes time and effort to check prices from multiple sellers. If you are checking on items selling for bullion-related prices, how do you know if you … Continue reading

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