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Letters to the Editor
- Letters to the Editor (Feb. 16, 2016) New quarters are out there, just keep lookingI just finished reading the Jan. 26 Numismatic News publication, specifically your response to P. Ritchie who found a Denali quarter.About a month ago, my sister who works in a local discount pharmacy, ...
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Author Archives: Pat Heller
As expected, on Monday, Nov. 30, the International Monetary Fund Executive Committee approved the addition of the Chinese renminbi yuan to the IMF’s Special Drawing Rights. The change in the makeup of the currencies used to define the SDR should … Continue reading
Just about any coin dealer who has been actively in business for any length of time has been contacted by people who have been taken advantage of by high-pressure rare coin marketers. Unfortunately, a disproportionately large number of these victims … Continue reading
Buyers with cash are gaining the upper hand in significant areas of the market. I walked the floor at the Baltimore Winter Expo last week. The activity there was about the lightest I have seen over the years of attending … Continue reading
This past Saturday, my company had a booth at the Kalamazoo (Michigan) Numismatic Club show. This twice-a- year event has been a popular venue for decades for collectors and dealers to meet face to face to conduct business. The weather … Continue reading
As the Great Depression deepened in the early 1930s, banks were experiencing a surge of customers withdrawing their balances. Since the Federal Reserve had established fractional banking, a process where banks could loan many times the actual reserves held by … Continue reading
In the past few weeks, retail demand in the United States for physical precious metals has tapered off. There are several factors that could be contributing to this decline in demand. • Since gold and silver prices dropped to multi-year … Continue reading
“You cannot have real peace and prosperity unless you can absolutely trust the money.” That is a paraphrase of a comment by silver guru David Morgan on Oct. 24, 2014, at the Silver Summit in Spokane, Washington. When I heard … Continue reading
Every day at my company I am aware that the bullion-priced precious metals coins and bars that we sell can also be purchased from any of the nation’s 5,000 coin and precious metals dealers. These products will be fungible, meaning … Continue reading
The world price of gold is dominated by trading of paper contracts in the London and New York markets. The trading of physical gold has minimal impact upon the spot price – thus far. The New York COMEX gold market … Continue reading