02 May 2021

Silver! the precious metal.

| Eriknation

Silver is a precious metal used for many different things. They could be used for coins, jewelry, bars and more! That’s why many people like to buy silver bars by ounces, pounds or even kilograms. There is a silver spot price kind of like stocks, the price goes up and down. The silver price doesn’t change much in a day but over the years it could grow at least five dollars per ounce. Which means if someone were to but one thousand ounces and it grew five dollars they would have made 5,000 dollars! Once the silver spot price grew to forty-nine dollars and once twenty-nine cents! The silver price boosted up in 1980, this was mostly because of the actions of some brothers. Their father had died and their dad was a billionaire, the money went to the brothers. The brothers used their money to change the silver price to be very expensive in about a year! The silver price dropped in 1931 due to the Great Depression. Also all precious metals have a spot price. Now let's talk about what makes silver valuable. Silver is valuable because it is hard to find in the ground. Many miners and geologists search and research this rare metal. Silver is now used for proofs and other coins. Back then, quarters, half dollars, dimes, and other coins contained ninety percent silver. But, in about 175 years the silver price was too high so they made coins forty percent silver. But, now silver coins are only proof coins, commemoratives or special coins produced by the U.S mint. This was because the price went skyrocketing in a few years. Many people collect, buy or sell these coins to make money. People can buy silver coins or even bars. There are also these bills called silver certificates, the certificates could be turned in in exchange for silver. Which is now not legal tender but they are still very popular in the collecting world. These silver certs are worth more depending on the condition and they are sometimes put in Hawaii cases. Which makes the certs worth more. If they were legal tender then the U.S would need to give lots of silver away which is worth lots of money. But I’m sure there are other reasons why silver certs aren’t legal tender. Here is a fun fact about precious metals. Platinum used to always be much more valuable than gold. But now gold is over five hundred dollars more expensive than platinum.

12 Oct 2018

Numismatics Myths

Coins | iccoins

Throughout the world of numismatics, there are several myths that are believed by, often, far too many people. Most of these myths are not believed by coin collectors but are common for outsiders of the hobby to believe – and for good reason.

16 Sep 2018

1915 Indian Head Quarter Eagle

Coins-United States | iccoins

Augustus Saint-Gaudens was one of the most well know coin designers in the world. President Roosevelt commissioned him to redesign the gold coins of the United States. Unfortunately, Saint-Gaudens passed away in 1907 and was not able to finish all the redesigns. A student of Saint-Gaudens, Bela Lyon Pratt, was commissioned to finish the projects. Pratt was the designer of the famous Indian Head quarter eagle and half eagle coins. This was a significant change from the traditional "Liberty" design of past US gold coinage. The designs were the same on both the quarter eagle, $2.50 coin, and half eagle, $5.00 coin. The Indian Head design was preceded by the Coronet Liberty Head coin designed by Christian Gobrecht. The Indian Head design is an incredibly unique coin but caused much displeasure when the coin was initially released. The coin, instead of the traditional raised design of coins, the Indian Head coins consisted of an incuse design or a design where the devices of the coin are lower than the field. The majority of Americans were not fans of the design of this coin, mostly due to its incuse design. Some even claimed it was a health hazard because bacteria could become trapped inside the deeper spots of the coin. Regardless of the problems, the coin was a very successful type.

28 Jul 2015

Celebration of Diane Piret’s Life

World's Fair of Money | ANA Official Post | ANAStaff

Diane Piret, a rare-coin enthusiast and former dealer, was born in Staten Island on May 29, 1947. She worked professionally in numismatics for more than 50 years. Her experience spanned from small town shops to international trading of the industry’s major markets. Piret began her distinguished career working at Manfra, Tordella & Brookes. There she discovered a passion for the rare-coin and precious-metals business. Once initiated into the industry, she never looked back.

18 Aug 2014

Precious Metals: When Do Coin People Admit the Bear Market?

| VKurtB

The world is basically on fire right now, okay? Russia has an insatiable appetite for land that used to be Soviet, but is now not Russian. Ukraine is the topic of the moment, but unlikely to remain unique. This reads like Chapter One of a new War and Peace.


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