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Letters to the Editor
- Letters to the Editor (July 19, 2016) Chet’s life touched so many in hobby and beyond On June 25, we all lost a good friend and a great numismatist: Chester L. Krause, who was born on Dec. 16, 1923. Besides being a World War ll veteran and builder, a man called “Chet” was a numismatic icon who spoke in a mild and knowledgeable ...
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Author Archives: Pat Heller
The alarm bells started going off on April 7. The share price of Deutsche Bank fell sharply that day. This bank is one of the U.S. government’s primary trading partners. It holds a larger portfolio ($70 trillion) of derivatives contracts … Continue reading
More than 10 years ago, I served for two years as the only coin dealer on the American Numismatic Association Future of the Hobby Committee. Former ANA president John Wilson chaired it. David Harper of Numismatic News was one of … Continue reading
At the huge Baltimore show this past weekend, a new reference catalog titled “American Gold And Silver: U.S. Mint Collector And Investor Coins And Medals, Bicentennial To Date” debuted. Authored by Dennis Tucker, this 374-page hardbound book is published by … Continue reading
In the late 1970s, Conrad Braun started a company named the Gold Standard Corporation. In the years it operated, it issued a variety of gold, silver and platinum pieces containing stated amounts of metal content. For some of the designs, … Continue reading
At the conclusion of its March 16 meeting, the Federal Open Market Committee announced that it was leaving the federal funds interest rate unchanged. This followed the announcement six days earlier by the European Central Bank that the eurozone economy … Continue reading
Much has been discussed about the strength of the U.S. dollar over the past year. Yes, it has been stronger than other currencies over that time. However, I may be among the first to report that the dollar has been … Continue reading
The Michigan state government subjected coins and precious metals bullion to state sales tax until mid-1999. I can’t tell you how many times before then that incredulous would-be customers asked, “You mean there is sales tax on money?” Before Michigan … Continue reading
Unusual market volatility in financial markets worldwide has spilled over into precious metals trading as well. At the G-20 Group of Nations meeting of finance ministers and central bank governors in late February in Shanghai, China, there was no consensus … Continue reading
Eight days ago, the New York Federal Reserve warned that asset managers are vulnerable to runs on their funds that could cause “significant negative spillovers” across financial markets. The prime minister of Japan, president of the European Central Bank, and … Continue reading
Negative interest rates are spreading across the globe and, according to Federal Reserve Chair Janet Yellen, may soon come to America. One effect of negative interest rates is that it discourages people from holding that currency. As capital flows out … Continue reading