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Eriknation's Blog

24 May 2021

YN auction update!

| Eriknation

Hi, guys May’s YN auction had very nice coins. There was a 1930 s BU cent, 1866 G4 Belgium 50 centimes, and a PF 69 2002 dollar. Surprisingly, I won on lot 2 the 1866 50 centimes with 200 YN dollars. I’m pretty sure DaNumismaster won the other two lots cause he bid like more than 300 on both lots. I’m planning on surprising my dad with the foreign coin because he’s a big foreign coin collector.Congrats, to all the auction winners.I’m very excited for next months auction:).Now here is a fact about me and a informative fact: Fact about me: I play the violin and I love gardening and making flip books.Informative fact: In Hong Kong they made a commemorative coin that can make sounds.Also big news! I received a silver eagle from the dollar project :). Excited for the U.S mint set.Have a great day!Eriknation

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14 May 2021

Exam updates!

| Eriknation

I think i did pretty good on my exams.:DI got a 19/20 for social studies75/75 for an open book examAnd thats it for this week next week there will be two diagnostics and one examIn late may there will be 2 more exams.Here are some coin facts and facts about me: in 1931 some coins were not minted due to the Great Depression. A fact about me: i love giving away coins and other things to people. Sadly yesterday i tried giving copper cents and nickels from the 50’s and 60’s but nobody wanted them.In late may i might start writing long informative blogs.

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07 May 2021

A break from my writing

| Eriknation

Hi, this is eric and I wanted to tell everyone that i won’t be writing as much. This is because i have lots of end of the year exams and lots of homework. I still will be updating you guys with info on numismatics though. Just not as much. And I’ll tell you guys if i did good on my exams.Thanks,EricP.S here’s a fun facts about me: i love to collect rocks and read books.

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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.

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