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Letters to the Editor
- Letters to the Editor (December 20, 2016) Guide books suggest elitism exists in hobby The letter I wrote a few weeks ago was not intended to be an insult to anyone but were merely examples of my experience with both coin and stamp collecting. It was meant to be a general discussion about the hobby abroad, not simply about one denomination out of ...
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Author Archives: Pat Heller
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
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
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
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
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
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
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
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
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