Author Archives: Richard Giedroyc

Coin market joins Malcolm in the middle

The business of coins is difficult to monitor since there are few industry statistics available. The Numismatic Stock Index is one of them. The NSI indicates U.S. coin-related stocks were trading at 67.8 percent of their 52-week high on Sept. … Continue reading

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Modern coins popular in Britain

Can you imagine purchasing a coin from a dealer, then having the dealer contact you to see if you would be willing to sell it back to him for a lot more money soon afterward? Hattons of London is actually … Continue reading

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Progress made in gold coin theft

An organized crime family might have been responsible for the theft of a massive 100 kilogram Canadian gold Maple Leaf coin from the Bode Museum in Berlin, Germany, according to the Berlin prosecutor’s office. The $1 million face value coin … Continue reading

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Active collectors chase what they need

The current buyer’s market continues to roar. There aren’t as many buyers as might be anticipated with supply being impacted by current precious metal prices as well as by the tepid level of demand. Collectors are still out there. What … Continue reading

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Silver Eagles signal possible renewed growth

Analysts at Commerzbank recently described the August U.S. Mint report for gold coin products as being subdued, yet on Sept. 6 the Mint reported selling out its inventory of silver American Eagles. Mint gold coin sales fell to a four-month … Continue reading

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Gold bullion bounces higher but can it last?

Gold is back over $1,200. Silver tried to stay at $15. Metals are off their lows. This summer has been noteworthy for their decline. Gold and silver American Eagle prices had slumped as did their intrinsic values. Most coins have … Continue reading

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Buyers waking up to ‘cheap’ bullion

You can look at current coin market conditions as a glass being half full or half empty. Regardless of your perception, the market is half something. Several dealers with whom I’ve recently spoken admit to paying cutthroat low prices for … Continue reading

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Cacao bean use as money traced

Chocolates are made to mimic coins. Some of us have even tried to collect them. Good luck. They eventually decay or get eaten. Chocolate began as a delicacy. It was challenging to grow and was susceptible to droughts, making it … Continue reading

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Common silver dollars lead market strength

Sales of relatively common date Morgan and Peace silver dollars remain brisk unless these dates are encountered in significantly less common and much superior conditions. Any dealer prepared to sell bullion at current levels is finding strong demand among collectors, … Continue reading

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Bullion moving fast in wrong direction

Bullion prices were falling faster than this month’s “Coin Market” could be updated. Check the bullion prices recorded in the Sept. 4 issue of Numismatic News to be fully aware of the reference numbers for gold, silver and platinum bullion. … Continue reading

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