Cashing Out When You Sell Coins
Many old coins can also have numismatic value to collectors. If you find an old box of coins in the attic, it is a good idea to do so research about the coins you have to give you an idea of the value.
Silver
US Mint Updates 2023 Product Release Schedule
The product release schedule is updated periodically as materials and production capacity adjustments are made by the US Mint. The Mint has provided an update to its 2023 numismatic products launch schedule through the end of November.
The Basics of Coin Collecting
Coin collecting has evolved beyond merely acquiring coins for their monetary value. Many collectors now focus on various aspects, including historical significance, artistic appeal, rarity, and cultural context, with some collectors specializing in specific periods, rulers, or coin types.
With advancements in communication and technology, coin collecting has become more accessible to a global audience. The internet allows collectors to connect, research, sell and buy gold coins from around the world. Online auction platforms and forums have expanded the reach of numismatics.
Understanding Coin Finish
Modern minting technology allows for a wide range of finishes, providing both government and private mints with many creative options in the ideation of unique coins. Each finish serves a specific purpose and contributes to the overall appeal and collectible value of the coin.
Silver Dimes
Until 1965, U.S. dimes were composed of 90% silver and 10% copper. However, because of rising silver prices, the U.S. Mint decided to continue debasement of coinage by changing the composition of dimes to a copper-nickel alloy, starting with the clad coin production in 1965. Today’s dimes are composed of 91.67% copper and 8.33% nickel.
Online bullion dealers typically offer 90% silver dimes based on the face value that each contains. For example, a $5 Face Value standard bank roll of silver dimes will contain fifty individual pieces that were minted Pre-1965. Each circulated silver dime contains approximately .0715 troy ounces, with each standard $5 Bank Roll of silver dimes having a total of 3.575 troy ounces ASW.
What is a Silver Certificate?
The silver certificates were some of the country’s first forms of paper money that were issued by the US government from 1878 until 1964.
1921 Silver Dollar
The Morgan Silver Dollar production resumed in 1921 for a brief period before being replaced later in the year.
Understanding Silver Eagle Premiums
The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.
Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.
HSBC, Bank of Nova Scotia & Deutsche Bank Win Dismissal of Silver Price Manipulation Litigation
The litigation began in 2014 with the government accusing the banks of being involved in a multi-bank trading conspiracy to manipulate the price of silver. On Monday, U.S. District Judge Valerie Caproni in Manhattan dismissed the case against HSBC and Bank of Nova Scotia. In 2016, Deutsche Bank settled with the government for $38M in … Read moreHSBC, Bank of Nova Scotia & Deutsche Bank Win Dismissal of Silver Price Manipulation Litigation
Why Many Prefer Silver Over Gold When Investing in Precious Metals
More people are buying precious metals as a store of value to hold in lieu of cash.
There are a lot of reasons why silver is superior to gold, beyond the most obvious.
Although silver is up over 100% since the start of the pandemic, most believe there is much more upside potential with silver relative to it’s current value.