Author Archives: Pat Heller

Is it ‘Too Late’ to Buy Gold, Silver?

Posted on August 6, 2020 by Pat Heller

By Patrick A. Heller Ignoring the effects of inflation of the money supply, the price of gold this week reached an all-time record high, closing on the COMEX on Aug. 5 at $2,031. Silver’s COMEX close on the same day … Continue reading →

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Record High Gold Price?

Posted on July 30, 2020 by Pat Heller

This week, the price of gold reached an all-time high price against the U.S. dollar. It closed Wednesday this week on the COMEX at $1,953.50 per troy ounce, well above even intraday gold prices during the previous peak in September … Continue reading →

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Behind the Circulating Coin Shortage

Posted on July 23, 2020 by Pat Heller

By Patrick A. Heller By now, most Americans are aware that there is a shortage of circulating coinage in the country. A number of retailers I have visited over the past week now are pushing to take electronic payments because … Continue reading →

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Does A Gold Currency Make Sense?

Posted on July 16, 2020 by Pat Heller

Gold coins have circulated for thousands of years. Using gold in coins for payment purposes has a great combination of advantages—durability, portability, standardization, relative ease of production, and others. One limitation of using gold coins for commerce, however, has been … Continue reading →

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Sneaky COMEX Rule Changes

Posted on July 9, 2020 by Pat Heller

By Patrick A. Heller The COMEX began trading gold futures contracts shortly after it was again legal for Americans to own gold at the beginning of 1975. An explicit purpose for setting up this gold exchange was to help manage … Continue reading →

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Are Morgan Dollar Prices Going Up?

Posted on July 2, 2020 by Pat Heller

By Patrick Heller In early 1989, there was the specter of possibly millions of dollars of “Wall Street-organized” rare coin investment funds entering the market to purchase large quantities of rare coins. Dealers and collectors scurried to “beat the rush” … Continue reading →

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Tell Stories About Money

Posted on June 25, 2020 by Pat Heller

By Patrick Heller Numismatic collectors and dealers both have an incentive to attract more people to the hobby/industry. The greater number of collectors that exist, the higher the demand (and almost certainly prices) for coins and paper money they sell. … Continue reading →

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Why Isn’t Gold $3,000+?

Posted on June 18, 2020 by Pat Heller

By Patrick Heller  For 6,000 years, long before the first coins were created, gold has been used as a safe haven medium of exchange. Physical gold (and silver) have never failed in preserving wealth. This is in sharp contrast to … Continue reading →

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What Can You Learn While Being A Numismatist?

Posted on June 11, 2020 by Pat Heller

By Patrick A. Heller In my decades of working as a coin dealer, I have written a lot of sales copy. In the process of describing various items, I have had to dig into the history of the pieces or … Continue reading →

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Physical Precious Metals More Available, Premiums Declining

Posted on June 10, 2020 by Pat Heller

By the middle of March, demand in the U.S. for physical precious metals, especially gold and silver, was so strong that retailer inventories were largely depleted. As dealers attempted to restock from suppliers, wholesale inventories ran out. As primary distributors … Continue reading →

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