Selling My Treasured Treasures

Together with:

1. U.S. Mint and Royal Mint Partner for Liberty & Britannia Coin Design

2. Gold and Silver Mark More Lows Amid Elevated U.S. Inflation Data

3. US Mint Sales: Commemorative Coins For Harriet Tubman Debut

4. Hard Asset Management Acquires the Legendary 1907 $10 Indian Rolled Edge Satin Finish Certified PCGS Proof 67

5. Unlocking the Treasures: RareCoin.store Launches Modern Numismatics Course for Gold Coin Collectors and Investors

Noteworthy Sales

1. 1863 IN GOD WE TRUST Silver Dollar - $32,400.00

2. 1870 Indian Princess Dollar in Silver - $25,200.00

3. 1871 Standard Silver Dollar - $31,200.00

The eagle has landed.

If you’ve been looking for the best deals for rare coins to add to your collection (and you wouldn’t be here if you haven’t), then rest easy, because your search is over.  

I’m kicking off 2024 by selling my prized rare coin collection live on Whatnot, on SUNDAY, JANUARY 14th 2024 at 5PM EST!

And, with my link, you get $15 free in Whatnot credit. 

You truly won’t find a better deal anywhere else. 

Check it out:

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No, really.

Imagine the market of eBay, the auctions, the potential to get great deals you don’t find anywhere else - and the live entertainment value of Twitch.

Introducing Whatnot, the live video auction platform for all things collectible, including, you guessed it, coins, currency, and silver.

I’m already a devout convert. And you can get $15 free Whatnot credit with my link. I’ll see you at my next auction!

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This week’s question comes via Quora:

Great question, and one I see a lot from newer collectors.

The first thing to get out of the way: Gold and silver coins are still minted all around the world. And US coins are minted specifically as investment pieces - as American Silver Eagles, Gold Eagles and Platinum Eagles.

These are not intended for commerce, despite officially having a denomination. An American Silver Eagle might have a $1 denomination, but is generally worth much more, depending on the price of silver and a premium on top. The silver value of a Silver Eagle today, for example, stands at around $30.

So coins are still minted. But if you’re wondering why coins aren’t minted for everyday use, it’s because of two things:

1. Gold and silver are worth too much today and people aren’t so interested in having a single coin worth thousands of dollars.

2. The second reason is something called Gresham’s Law:

   
   Gresham's law is a principle that states that "good money drives out bad." This means that legally overvalued currency will drive legally undervalued currency out of circulation.

   
   As an example, during the 1960s, when silver started to grow in value and was worth more than the currency they had, people started hoarding their silver quarters, dimes etc. and taking them out circulation. This was a problem, as it’s important to have coins whose face value remain more than their silver value, so that they stay in use.

✅ Watch: Silverpicker classic vid: How to Identify Gold, just by looking at it! Silverpicker's Guide Episode #4

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✅ Research: Mark your calendars with this awesome list of coin collecting events in the US

✅ Learn: How many coins are in a roll?