Community Voice Responses (January 10, 2017)

From the Dec. 16 Numismatic News E-Newsletter:

Would higher gold and silver prices affect your collecting plans for 2017?

Here are some answers sent from our e-newsletter readers to Editor Dave Harper.

If gold and silver are higher in 2017 it will have little impact on my coin buying. I collect coins, not bullion. A rise in metal prices would have little effect on what I collect. The coins I like are impacted more by their numismatic value in the current market rather than the melt price of the metal from which they are coined. Early silver commemoratives are a good example. Their price has actually come down as gold and silver have climbed over the past 10 to 15 years. We will wait and see what happens to the economy when the new administration takes office.

Timothy Scharr
Aviston, Ill.

No, an increase in gold and silver prices would not affect my collection. I only collect Carson City Mint coins plus all the information about the Carson City Mint and anything about the Carson City area.

I am a life member of the now defunct Carson City Coin Collectors of America. I am hoping that someone will come along that would be interested in restarting the club. I would take on the job except I am 83 years old and not in the best of health. However, it has not lessoned my interest in things related to and produced by the Carson City Mint. It is a very interesting area, both in the coins produced there and the many interesting things to visit in that area.

John T. Tinney
Volcano, Calif.

Gold and silver prices and plans. Not yet for 2017 do I expect much to change, but at some point people must realize that the dollar is just the best currency out of an entire world of virtually worthless paper.

Dwayne Helmuth
Temecula, Calif.

My purchasing silver products will not be affected by the 2017 prices. I do not usually buy gold products because of the much higher prices for those items.

Leo Darmstadter
Vineland, N.J.

Yes, very much so.

William Johnston
Address withheld

Prices for gold and silver are like anything else. The less it is, the more that can be bought. Yes, this does apply, as well as buying a bit at a time. The ones who buy in the long run make out the most. Buy only what each can afford per week/month.

Smaller amounts of silver can be sold off for short-term needs, hanging onto the rest for retirement sake. Re-buy silver when there is a dip in price. Yes, average out your own per-ounce price. It is your retirement, not someone else’s!

Gary Kess
Berkel en Rodenrijs, Netherlands

More Collecting Resources

• Are you a U.S. coin collector? Check out the 2017 U.S. Coin Digest for the most recent coin prices.

• Purchase your copy of The Essential Guide to Investing in Precious Metals today to get started on making all the right investing decisions.