Author Archives: Pat Heller

Michigan Results Show Market Pulse

The Michigan State Numismatic Society hosted its spring convention and show March 14-16 at the Adoba Hotel in Dearborn. Continue reading

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Movie features scannable $100s

Filming for the movie “Alongside Night” began Dec. 3 in Las Vegas, Nev. I have previously written about my involvement in this film, where privately-manufactured gold tokens are displacing U.S. government paper money in large parts of the economy in the year 2018. Continue reading

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Michigan show shines at new venue

The Michigan State Numismatic Society held its Fall Convention Thanksgiving weekend at the first new location in more than 30 years. Continue reading

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Gold Commission coming in 2013?

In October 1980, Congress enacted a law creating the Commission on the Role of Gold in the Domestic and International Monetary Systems, commonly called The Gold Commission. President Reagan appointed 17 members of the commission. Continue reading

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Easy to lose money on proof gold

  In late 1986, when the American Eagles debuted, a lot of people asked me if they should purchase the 1-ounce gold proofs at the then high price of $585 each. At the time, retail customers were purchasing the bullion … Continue reading

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Buyers trade up

There were some strange retail customer silver and gold bullion trading patterns at my store at the end of January and during the first three days of February. All week long it seemed like we were buying back U.S. gold American Eagles while other customers were purchasing large quantities of Canadian gold Maple Leaves. In silver, we purchased significant quantities of U.S. silver Eagles from the public, while buying demand was heavily skewed toward U.S. 90 percent silver coins. Continue reading

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How did coins do in 2011?

A question frequently asked of coin dealers is how the rare coin market is doing. If you asked 10 different dealers, you would get 10 different answers. To try to take the subjective element out of evaluating the state of rare coin markets, indices were developed to help answer such questions. Continue reading

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Another good year for gold

Gold prices rose in 2011 for a 12th consecutive year. It started the year at $1,388.50 a troy ounce on the London Fix at the close of business Jan. 4, 2011, according to historical data at the Kitco website, www.kitco.com. Continue reading

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Silver $50-$60 by year end

Silver will likely rise by 25 percent to 50 percent by year end. That would take the price to roughly $50 to $60 a troy ounce. My reasoning follows:In mid-August, I wrote that the Federal Reserve’s weekly report of the money supply showed it rising by its greatest percentage in history except for two other weeks (those being the week including Sept. 11, 2001, and the week in 2008 when Lehman Brothers failed). I pointed out that this increase was almost certainly in anticipation of some looming major financial crisis. Continue reading

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Premiums fall for classic gold coins

There was a golden opportunity in Baltimore. Buyers of classic U.S. gold coins were the beneficiaries. The June occurrence of the thrice yearly Whitman Coin & Collectibles Expo Baltimore was held June 17-19. Each of these events is among the larger coin shows in the country, though the one held in June is normally the least active of the three. Continue reading

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