silver coins

The Best Ways to Buy Silver

Mike Maloney discusses the best ways to buy silver in the following video.

Mike Maloney: GLD SLV ETFs = Potential Scams

I like what he says, “If you can’t hold it, you don’t own it.”

OWNx is a great program to dollar cost average your silver purchases. With OWNx, you can automatically save in silver for as little as $25 a week or $50 a month.

See: Dollar Cost Averaging with OWNx

Starting a Coin Collection

It is never too early or too late to have a hobby. Some people are hobbyists for fun while others see a bigger picture; and that is to make money. Some objects that may seem inexpensive now may become valuable or priceless later.

A few good examples are baseball cards, toys and stamps. Many people have made a fortune by collecting and selling on auction sites like EBay. Another collection that can become profitable is coin collecting.

collecting coins

Getting started is as easy as deciding what kind of collection you want. Coins are made every year and some are introduced years later so focusing on a particular time period and location is important.

Conducting research using reference books or the web can aid in coin collecting. You can learn almost anything about the coins to be collected and will help the collector discover those who want to sell coins.

Another good source of information is subscribing to a coin publication such as Coin World or Coinage Magazine. The local coin shop can also expand the search for those antique coins outside the collector’s city or state.

Being a member of a coin club can build the collector’s network. Some members may want to part with a particular coin in exchange for another, etc.

Coins that are no longer used generally have more value than those that are still active, because coins in the past were made of 100% silver or gold. Since the demand for silver coins increased and they were difficult to produce they are now made of 40% and 60% copper.

After completing the collection, the coins should be stored in a nice folder or album. This will keep them clean and easy for the individual to carry around and display.

Coins can be cleaned by soaking them in any of the following liquids: vinegar, rubbing alcohol, lemon juice or ammonia which will remove any dirt or encrustation that’s on the coin when it was acquired. Afterwards, they should be air-dried or patted dry with a soft cloth. Rubbing or polishing the coins is not advisable since it scratches and will decrease the market value of the coin.

Coin collecting can be a lot of fun. By deciding on a specific period to begin with then searching for it, the collector will have something valuable as an investment.

America the Beautiful Quarters 2016 Silver Proof Set

America the Beautiful Quarters capture the breathtaking beauty of America’s natural landscapes that have inspired countless poets, adventurers, and artists. Today, these hallowed sites are protected and are enshrined through the U.S. Mint America the Beautiful Quarters Program.

Now into its seventh year of inspiring designs, the program has finally crossed paths with the National Park Service’s 100th birthday. While these beautiful and historically significant national parks, forests and monuments were chronologically due to come up in 2016, they provide a perfect representation of American pride from sea to shining sea. This 2016 America the Beautiful Quarters Uncirculated Set gives you all five quarters from the year, including:

  • The majestic Shawnee National Forest in Illinois, with a view of Camel Rock and a soaring red-tailed hawk
  • Kentucky’s Cumberland Gap National Historic Park, dramatizing a frontiersman at the “First Doorway to the West”
  • Harpers Ferry National Historical Park in West Virginia, featuring the monumental John Brown’s Fort
  • Theodore Roosevelt National Park, with the forefather of the National Park Service looking out over the Little Missouri River in North Dakota, and
  • Fort Moultrie at Fort Sumter National Monument, featuring Sergeant William Jasper as he runs to protect the flag of South Carolina from the British

 

The 2016 America the Beautiful Quarters Silver Proof Set features all five designs as struck by the San Francisco mint using polished dies and specially treated 90% pure silver planchets — resulting in a set that features each intricate design in sharp relief with lustrous mirrored backgrounds. Each set is housed in a clear plastic lens along with mint packaging that features beautiful photography of each site.

Thoughts on 90% Silver Coins vs. Silver Bullion

While the accumulation of 90% “junk” silver is popular among many people, this guy in these video’s presents some interesting thoughts to consider as we try to protect ourselves with silver bullion.

Apart from the debate over 90% silver coins vs. bullion silver, I thought it important to note he talks about the changes made in laws (Financial Regulatory Reform Bill and Healthcare Reform Bill) making coin dealers fall into the same category as banks and other financial institutions.

It would seem to me the government is preparing to close the doors on silver investors from accumulating government issued silver coins. If we’re going to accumulate silver eagles or other denominated 90% silver coins, it might be best to accumulate those coins before January 1, 2012 when coin dealers will then be required by law to report to the IRS your silver purchases.

Hello? Can you see the door closing?

Since January 1, 2012, the federal government has the authority to implement price controls on what coin dealers are allowed to give you for your denominated silver coins. It seems to me this is a pretty good argument for not accumulating ONLY denominated silver coins, but to also own silver rounds and silver bars.

Of course, I don’t know what the federal government might do in the future. These ideas are just something else to think about.

Starting A Silver Coin Collection

Starting a silver coin collection is a great hobby that you will quickly find yourself addicted to. There are numerous different coins that can be collected so it is a good idea to pick something like silver coins to focus on when you are just getting started. This will prevent you from getting overwhelmed.

When most people think about silver coins they assume this includes all nickels, dimes, quarters, half dollars, and dollars. They are all silver in appearance so it is not hard to imagine why people would think of them in that regard. In reality, many of these coins are not really silver at all. In fact, most of the coins produced today do not contain any silver at all. Because of a critical silver shortage in 1965, Congress passed the Coinage Act of 1965, which authorized the removal of silver content from circulating coinage (except for the Kennedy half dollar) minted after December 31, 1964, replacing it with a clad composition of 75 percent copper and 25 percent nickel.

In order to determine the types of silver coins for your collection that are available you will need to do a little research first. Spend some time getting to know the different types of coins that are out there and then learn the details connected with each one. Understand the levels of grading that are associated with each coin to help you get a better understanding of the overall value that each coin has.

Different Types Of Silver Coins You Can Collect

franklin_halfHalf dollars are great silver coins to collect. The United States Mint began producing this coin way back in 1794 which were then called the Flowing Hair Half Dollars. Several different varieties of the half dollar were minted between 1794 and 1964. During this time period these coins were made out of 90 percent silver.

Many people will find that collecting the earliest half dollars will not be an easy task. Coins from the 1700s and 1800s are likely to be pretty worn out which decreases their value. Even in this worn out condition old silver coins like this can still cost a small fortune.

1804_dollar_obverseAnother popular silver coin to collect is the dollar. Just like the half dollar, production of the silver dollar began in 1794. There are a variety of different versions of the dollar and up until 1971 they were produced with a large amount of silver in them.

eisenhower_dollarWhen the United States Mint began producing the Eisenhower Dollar in 1971 they stopped using silver as its key ingredient. There were a few years where the mint produced special versions of this dollar but they were limited in release and aimed specifically towards silver coin collectors.

 

Information About OWNx

I like to dollar cost average my silver purchases using a program called OWNx.

OWNx makes it possible for small and medium sized investors to save or invest in real silver just like the big investment houses and governments do. If you are looking for an easy way to accumulate some silver, you might want to take a look at this. Here is how it works.

You will first go the OWNx website and set up your free account. Then, choose the amount of money you would like to invest automatically each week or month (or, you can make one time investments if you prefer).

Lets say you have $100 a month you would like to invest in silver.

At the beginning of each monthly period, $100 is automatically deducted from your account and used to buy $100 of real physical silver (or gold) at whatever the price of silver is that day.  Your silver is stored, it is allocated and titled in your name(which means its legally yours), 100% insured by Lloyds of London and stored in the First State Depository of Delaware.

silver bullionOnce you have at least 20 ounces of silver in your OWNx account, you can then have it delivered to your home in one ounce coins, ten ounce bars, one hundred ounce bars or even one thousand ounce bars!

Another cool thing about OWNx is that they have created a “Silver Rewards” program. When you create your account, you get your own unique silver rewards link. All you have to do is pass your silver rewards link on to other people who are smart and know the value of and are interested in investing in silver. When that person signs up and creates an account, you are rewarded with up to 25% of their premium over the OWNx Base Price or Live Price.

So say you give your special silver link to me and I then set up an account and start investing $100 every month. Each month, you will receive up to 25% of the premium I am charged. That 25% of the premium is automatically added to your account in the form of silver. This is awesome. Get 5-10 of your friends investing in silver every month(which is a very smart thing to do) and you will be earning a lot of free silver.

This program is really the best and most affordable way to save and invest in silver for small to average size investors. Visit the following link now and become a silver saver.

OWNx.com

America the Beautiful Quarters 2016 Silver Proof Set

This is a beautiful set of 90% silver quarter proofs.

U.S. Mint proof coins feature sharp relief and a mirror–like background. Their frosted, sculpted foregrounds give them an exceptional cameo effect. Proof blanks are specially treated, polished and cleaned to ensure high quality strikes. The blanks are then fed into presses fitted with specially polished dies and struck at least twice to ensure sharp relief. The coins are then packaged in a protective lens to showcase and maintain their exceptional finish.

The 2016 edition of the America the Beautiful Quarters Silver Proof Set features the seventh annual release of five quarters in the series.

Each coin in this series features a common obverse (heads) with the 1932 portrait of George Washington by John Flanagan, restored to bring out subtle details and the beauty of the original model. Inscriptions are “UNITED STATES OF AMERICA,” “LIBERTY,” “IN GOD WE TRUST” and “QUARTER DOLLAR.”

The 2016 reverse (tails) of these coins honor the sites below with the following designs:

  • Shawnee National Forest in Illinois
  • Cumberland Gap National Historic Park in Kentucky:
  • Harpers Ferry National Historical Park in West Virginia
  • Theodore Roosevelt National Park in North Dakota
  • Fort Moultrie at Fort Sumter National Monument in South Carolina

 

Picking Silver Dollars For Your Coin Collection

seated_liberty_dollarPicking silver dollars for your coin collection can be a time consuming process. You have to find a place that sells silver dollars and then you have to painstakingly browse through the available coins that they might have. It is possible that the one silver dollar you need to finish off your coin collection might be difficult to find or be extremely expensive.

peace_dollarThere are other great ways to find silver dollars for your coin collection though. Try browsing through the coins that might be available on an internet auction site like eBay. Instead of being limited to just the coins that one particular store has, look through a whole bunch of coins. Maybe you will be able to locate the one that you need at a reasonable price.

Make sure to pay special attention to items that you do buy online. Pictures can be deceiving and you do not want to be disappointed when your silver dollar arrives for your coin collection.

Reasons To Add Silver Dollars To Your Coin Collection

morgan-dollar
One great reason to collect silver dollar coins is because they can be worth a great deal of money. The price of silver has gone up quite a bit which has directly affected the cost of silver coins. As the price of silver continues to go up the value of the coins that you have will appreciate over time.

Another great thing about collecting silver dollar coins is that they always have a value. You can always buy something else with the silver dollar in your collection whereas you can’t simply walk into a store and buy a pack of gum with an action figure that you have been collecting.

silver-american-eagleSilver dollar coin collections are great to pass down through generations. Start collecting all of the silver dollars that you can get and then pass it on to your child. They can add more coins to the collection including the most recent coins as well. Eventually someone is going to have a pretty impressive collection of silver dollar coins that is going to be worth a great deal of money.

Whether you are collecting gold coins or silver, it is fun. Watching your collection grow over time can be extremely satisfying. While it might be tedious to get started with a silver dollar coin collection over time you will grow to love it. Looking at the little details of the silver dollars will be fun instead of a strain on your eyes.

Ron Paul Silver Commemorative and Silver Barter Round

Some of my favorite silver coins are the silver 2008 Ron Paul Commemorative and 2009 Ron Paul Barter round from the Freedom Mint.

2008 Ron Paul Commemorative
Ron Paul Silver CommemorativeThe frontside of this piece displays the engaging image of Dr. Ron Paul during his historic 2008 Presidential Campaign. The outer ring of design declares Ron Paul is the “Champion of the Constitution” and commemorates the beginning of his “Campaign for Liberty”.

Ron Paul Commemorative BackThe backside displays the stunning imagery of the US Constitution rising over the Earth, behind a rising sun symbolizing the restoring of the republic. The Latin phrase below the words “Restore the Republic”, “Erudio, Strenuus, Restituo”, translate to: “Educate, Activate, Restore”.

More on Ron Paul Silver Commemorative and Silver Barter Round

Buying Assets on Sale

The Game of Monopoly is the textbook or blueprint that provides individuals with a plan to become financially free. Since most people only see Monopoly as a game, they may miss many of the real life lessons it can teach. For example, what does Monopoly teach you about your salary and money? The first space in Monopoly says, “Collect $200 salary as you pass Go”. The question is, “how should you view this money and what should you do with it?”

More on Buying Assets on Sale

Collecting Silver Coins is Fun and Profitable

Accumulating things seems to be the human condition. People collect all sorts of things for a variety of reasons. Usually, it’s because they either enjoy the things they collect or they believe their collection will have greater value in the future.

Well, if you’re going to collect something… why not collect real money?
1804_dollar_obverseSilver and gold have always been something of value that has been used as money throughout the ages. In fact, silver has been deemed the official money of the United States as mandated by our Constitution. True, many believe their fiat paper money is the official American currency, and it has been pretty successfully passed off as that. However, it’s value has been debased since the Federal Reserve began printing it and its value continues to decline.
More on Collecting Silver Coins is Fun and Profitable

Silver’s On Fire…But For How Long?

Have you seen the price of silver the past few days?

silver kilo barYep, it’s going up with prices hitting another 22-month high near the $20 level.

Many pundits are saying the price increase of silver and gold are a reaction to the Brexit vote, where Britain voted to leave the EU.  I, on the other hand, think the price increase is because… wait for it…

That’s what silver does.

Prices go up, and prices go down.  It really doesn’t matter to me.  What’s important is that you should be accumulating as much of the precious metals as you can.  There will come a time when the currency crisis hits a point where the price for silver and gold will go astronomical.

One nice feature of accumulating silver and gold with OwnX is that every so often, I will exchange some of what is in my depository for physical metal.  I think it’s important to be diversified in my holdings, and having physical metals is a real comfort.

Create your OWNx account to gain access to direct ownership of physical gold and silver today.

Getting Started on a Coin Collecting Hobby

Through the decades, people have collected coins for different reasons. In the past, when coins were made of gold, these were collected mainly for their intrinsic value. As far back as the 1st century, accounts show that the Roman emperor Augustus already had a form of coin collecting hobby. He gathered exotic coins which he used to give away as gifts.

Coin collecting today is frequently referred to as numismatics. Strictly speaking though, numismatics is a broader discipline which devotes itself to the study and collection of different types of currency while coin collecting limits its interest to the acquisition of coins. Still, using numismatics as a name for coin collection has become commonly accepted.

The Kind of Collector You Want to Be

peace_dollarIf you want to start collecting coins as a hobby, it is important that you decide what kind of a collector you want to be. You may want to start a coin collection as a serious investor. You may even want to gather certain coins because of their metal value which can be almost twice their face value as currency.

Photo credit: rclatter / Foter / CC BY-NC-SA
Photo credit: rclatter / Foter / CC BY-NC-SA
Or, like many collectors, you may want to collect coins just for fun without care as to type, condition or value of the coins gathered. Your interest in coins may be so expansive that you want to take in many different types of coins. This would make you a generalist like the exiled king of Egypt, King Farouk, who had accumulated 8,500 rare coins and medals at the time of his death.

Investing in Your Collection

You will have to invest not just time and effort but also money in your coin collection unless you plan to gather coins randomly without attaching any importance to value. Make no mistake about it; a coin collecting hobby can cost you a pretty penny.

Expenses in the proper collection of coins will include the cost of basic tools such as a reference book on coins, albums or holders to classify and keep your collection, gloves and a strong magnifying glass. Usually, serious collectors keep a jewelers’ loupe as well. The cost for all these items will be in the neighborhood of fifty dollars. You can look for free reference materials to bring this figure down but if you are bent on pursuing this hobby in earnest, sooner or later you will have to buy a good reference book that you can keep on hand all the time.

Of course on top of the tools you will be using, as a serious coin collector you will be buying some items to add to your stash. A coin can cost anywhere from $10 to $100,000 so it will be up to you to decide on a budget and stick to it.

Deciding What Kind of Coins You Will Collect

Unless you want to be a generalist, it would be good to focus on the kind of coins you will collect. Some collect coins based on country of origin while some do this based on design. Others will gather coins based on the year or the period they were minted or the subject depicted on them. There is a wide range of choices in terms of the kind of coins you want to look for and keep. However, it would be wise to first take stock from the beginning of what you already have and how much you intend to spend.

Photo credit: mr.smashy / Foter / CC BY-NC
Photo credit: mr.smashy / Foter / CC BY-NC
For the person wanting to grow their collection of silver coins, collecting pre-1965 dimes, quarters, and half-dollars might be a good choice. Don’t be misled by the term used to describe these coins – “junk silver”, as they are definitely not junk.

Learning about the Hobby

A coin collecting hobby can be enriched by the wealth of information readily available today about the topic. If you want to indulge in your hobby in an organized and knowledgeable way, find out everything you can about coin condition and value. Practice your hand at examining coins based on universally accepted standards in coin collection. Join a group that shares the same hobby and learn everything you can. If you go into collecting with skill and enthusiasm, your collection of coins can present you with a vast and interesting new world that you can fully enjoy by yourself or with the participation of friends and family.

Could this be the solution for your future?

Do you have any of your income saved right now? What if you lost your job tomorrow? Would you be able to provide for your family for one month, three months how about six months? Wouldn’t you feel a whole lot better if you had a good reserve built up?

SilverSaver.comI believe there is a solution!

Take a quick look at the world around you. The gold and silver phenomenon is hard to miss. You see it on billboards, TV and you hear it on the radio. Have you ever wondered why?

Do they know something we don’t?

Consider this, an ounce of silver today, will buy the same amount of goods that an ounce of silver could buy 100 years ago. Try that with a paper dollar! In 1964 a quarter would buy roughly one gallon of gas. This is because the quarters made in 1964 and earlier where made of 90% silver. At the current price of silver today, that same 1964 quarter is worth about $7, so you can still buy a gallon of gas today with the value of a 1964 quarter.

Why continue to save all of our money in paper that can be devalued at any moment when you can convert it into real money, silver and gold “lawful money”? What if you could purchase silver and gold coins at a good price and get paid to help other families save these assets as well? Would you want to be a part of that?

We are united with one common purpose and that is to get families back on the right track of financial well being. Silver Saver can help you prepare for an uncertain future with your own precious metals reserve.

Why accumulate silver?

When you combine the economic reality of the Dollar losing value; with increasing prices on food, gas and goods; and the shortage of silver

It creates: The Perfect Storm… and…

Where there is Crisis, there is Opportunity!

What’s really amazing is that many experts predict this is just the beginning!

peace_dollar
Unlike gold, silver is consumed. It’s used in the manufacturing of just about everything, from solar panels to DVDs to electronics and even some Bandaids!
But the biggest shocker is that there is less above ground silver than there is gold! That’s right, silver is more scarce than gold!

Ready to learn how you can Earn Free Silver and Easily Profit on every piece of silver the company sells globally?

Discover how you can benefit from the explosion of interest in silver coins.

The timing is right for this rare opportunity to prosper in difficult economic times. Do not wait any longer to get started growing and protecting your wealth.

Constitutional Money May Return to Kansas

I was excited to see the following article published in the online edition of The Hutchinson News. It is another indication that some people understand the U.S. Constitution and want to return our money to a Constitutional status.

Gold, silver bullion coins could be legal tender in Kan.

Kansans who want to purchase gold and silver bullion coins, to be prepared in the event inflation eats the paper dollar’s value, could find it easier under pending state legislation.

House Bill No. 2379 states gold and silver bullion coins issued by the federal government would be legal tender in Kansas. Sales of such coins would be exempt from sales tax.

Testifying Tuesday before the House Taxation Committee on behalf of the bill will be representatives of the Washington-based conservative think tank, the American Principles Project.

The American Principles Project “promotes gold-backed monetary reform at the national and state levels,” according to its website.

“This is legislation that we have worked on in other states,” said the American Principles Project’s director of economics, Rich Danker, who will be coming to Topeka.

About half the states don’t have sales tax on gold and silver coins. If classified as money, the coins could not be taxed, he said.

In part, Danker said, it’s a competitive issue.

“It would likely encourage more coin dealers and conventions in the state,” Danker said, if the sales tax was removed.

The American Principles Project, though, is not working on behalf of coin dealers but sees a larger issue at stake.

Silver and gold will give people a way of saving and transacting business that would not lose value the way a paper dollar can, he said.

“We think it’s about sound money,” Danker said.

Sellers would not be required to accept payment in gold or silver coins, just as they can stipulate what types of payment – for example, no personal checks – they accept now.

“We’re really encouraged by the support in the Kansas Legislature so far,” Danker said.

Freshman legislator Rep. Travis Couture-Lovelady, R-Palco, was instrumental in the introduction of the bill.

The American Principles Project’s policy director, Jeffrey Bell, who has worked to elect Republican presidential candidates, will be in Topeka, too, for the hearing.

Gold Sellers in Houston Must Submit to Fingerprints and Mugshots

Last week the Houston City Council passed an ordinance requiring people who sell precious metals to be fingerprinted and photographed.

According to KTRK-TV, the ordinance is “meant to help track down criminals who try to resell stolen valuables. Gold-buying businesses will now be required to photograph and fingerprint sellers as well as photograph the items that are being sold to the dealer.” In other words, citizens who sell gold will be considered criminals until they demonstrate otherwise.

“It’s going to allow us the tools necessary to combat a lot of the high-end jewelry thefts that’s going on in the city, whether it’s robberies or burglaries,” Houston Police Officer Rick Barajas told the news station last Wednesday.

Audi S8s, Shelby Mustangs, BMW M5s, Dodge Chargers and Honda S2000 roadsters are stolen thousands of times a year and yet people who own them are not required by government to be fingerprinted and photographed in order to sell their cars. Ditto folks who sell expensive items at pawn shops or on eBay. Can you imagine the chaos in commerce that would occur if every item over say $1,000 required the seller to surrender fingerprints and photographs – more accurately, mugshots – which the buyer would be obliged under penalty of law to submit to the state within 48 hours?

“No precious metals thief is going to agree to a mug-shot and thumbprint,” said Houston City Council Member Helena Brown in response to the law. “That’s like declaring that the thieves are going to be turning themselves in. It’s ludicrous. I don’t know who told HPD that this is going to help them. It’s not going to help anyone, but rather it will be damaging to an industry and to our self-respect and liberty.”

Instead of reducing crime, the new law will instead put a damper on the sale of gold, silver and other precious metals. Jim Guidry notes that despite a claim made by Houston police, the precious metals industry will be hard pressed to comply with the turnaround demanded by the city, will balk at the prospect of alienating customers by demanding their fingerprints and mugshots, and the industry will ultimately suffer through loss of its customer base and through fines and criminal charges.

Finally, it is hardly a secret that government hates the idea of citizens trading in gold and other precious metals. In 2009, the U.S. Mint made it more difficult to purchase gold and rationed the sale of American Gold Eagle coins and the previous year suspended the sale of American Buffalo 24-karat gold coins. Bernard von Nothaus of Liberty Dollar was prosecuted for daring to challenge the fiat money monopoly held by the Federal Reserve and the banks (and daring to have a political agenda, namely getting rid of a parasitical Federal Reserve).

“The modern and oppressive State is against freedom. The argument regarding gold versus fiat money has been settled both theoretically and empirically,” writes Monty Pelerin. “The good fight fought against fiat currency is a long and lonely one. This fight will not be won by intellectual persuasion, but will be determined by the brute forces of the markets the State believes it can control. A currency collapse is likely inevitable. That will expose the fraud and corruption of the current fiat currency regime. Even when that occurs, the elites will do whatever they can to avoid an honest money system.”

“The defamation of gold wrought by central banks and governments is because gold exposes the devaluation of fiat currencies and the flawed policies of government.  Governments hate gold because the people cannot be fooled by it,” writes Ron Paul. “If the government persists in debasing the Dollar – as money monopolists have always done – then the people would be able to protect themselves by using alternatives such as gold that are both sound and stable.”

The City of Houston and its police, however, are not colluding with the Federal Reserve in an effort to control the sale of precious metals. The police are reacting as police always do – as gold and precious metals rise in value, it is quite natural that there is an increase in theft and fraud, a situation police react to quite naturally by demanding authoritarian laws that inevitably create a new class of criminals requiring more police and more prisons.

Article written by Kurt Nimmo
Infowars.com
February 11, 2013

2012 1oz Kookaburra High Relief Ultra Cameo

The 2012 1oz Kookaburra “High Relief” Ultra Cameo “Early Releases” Designation on a Very Rare Label.

Own One of Currently ONLY 390 Graded and Certified PF70 in the world!

Reverse Design: This beautiful 1oz includes the Darryl Bellotti design of the “AUSTRALIAN KOOKABURRA”, made with an extra-deep “blank” (known as a Planchet) to accommodate it’s superbly detailed high relief depiction of a Kookaburra perched on a tree branch with gum leaves, the Perth Mint’s ‘P’ mintmark and the 2012 year-date.

More Details:

  • 1 AU Dollar Legal Tender
  • High Quality .999 Pure Silver
  • Completely Sold Out at the Perth Mint
  • Limited Mintage of only 10,000 Coins
  • Very Beautiful and Highly collectible coin
  • Stunning Ultra Cameo “High Relief” Proof Design
  • NGC Graded PF70 with Rare Label portraying the Australian Sydney Opera House

Certified and Graded PF70 by NGC with a Very Rare Label. The Perth Mint struck the coin from 1oz of 99.9% pure silver in proof quality. “Early Releases” Designated coins are struck first at the mint from “FRESH DIEs” and only the first small percentage of coins can be submitted as Early Releases Coins driving higher premiums.

The Perth Mint’s unbeatable minting expertise, use of advanced manufacturing technology and design artistry, contribute to their reputation as producer of the highest quality Australian collectible silver coins in the world.

Obverse Design: The coin depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse and is issued as legal tender under the Australian Currency Act 1965.

Collecting Antique Silver Coins

Collecting silver coins is a fun activity and has been very popular because it not only serves as a hobby but as an option to generate income.

1804_dollar_obverseSome of the most popular types of silver coins that are sought by collectors are the antique coins. Antique coins may be bought from auction sales, coin shows, online and offline coin dealers, other collectors, and even in tourist areas that have historical themes. Who knows, you may even turn up a few of these antique coins up in the attic where grandma or grandpa’s things may be stashed away.

Many collectors hesitate to buy antique coins because they can be terribly expensive. What is most important is the uniqueness of these coins and the benefits they provide their collectors. Besides the intrinsic value of these coins, they also provide a fascinating window into the history of the nation. Antique silver coins vary greatly in price depending on the age of the coin, its condition and its rarity.

Here are some tips that may be considered when buying antique silver coins:
More on Collecting Antique Silver Coins

Gold and Silver Coin History

The major commercial center linking the Asian kingdoms of the east with the coastal Greek cities of Ionia was Sardis, the capital city of ancient Lydia. So it was only natural that the first coins ever made would start here. Around 650 BC, give or take 10 years either way, coins with the head of a Lion first appeared and was used as the first system of bimetallic currency. These first coins were made of a metal called electrum, an uneven mixture of gold and silver, and sometimes had small traces of copper and or other metals in it.

In Lydia, the most used coins was minted into the weight 4.76 grams, These were called the trites and valued at 1/3rd a stater. Three of these coins weighted about 14.1 grams, and equaled one stater. A stater being about one month’s pay for a soldier. One stater size coins as well as smaller fractions were minted also: the trite 1/3rd, the afore mentioned coin, the hekte 1/6th, 1/12th, 1/24th, 1/48th and down to 1/96th of a stater.

It didn’t take long for the Greek cities of Ionia to start using electrum to start making their own coins. Widespread trading of electrum made coins was somewhat hampered however. Because of the uneven mixture of gold and silver, it was rather difficult to determine the exact worth of each coin. For this reason a foreign merchant would offer very low undervalued rates on local electrum coins. In 570 BC pure silver coins were introduced in parts of Greece making these difficulties less and less a problem.

By 560 BC, the Lydians came up with a process to separate the gold from silver, bringing about the minting of the first gold coins. Now gold coins were being produced along with silver coins. Electrum coins did remain a fairly popular form of currency until around 350 BC. Gold and silver coins however quickly became the world standard for currency used in trade. What helped to bring this about so quickly was in 547 BC, when after 13 days of the siege the Persians scaled a lightly defended part of the wall and captured the city of Sardis. Cyrus being amazed with the gold coins found in the Lydian kingdom, decided he wanted to make these gold coins for himself. The Persians learned to mint gold coins and began to use them for trade.

The Greek’s liked the use of silver coins as currency and helped to make silver coins excepted as a world standard for currency. Unlike the Greeks, the Persians preferred gold coins over silver, and helped to make gold coins excepted as a world standard for currency. Between the two, gold and silver coins become the money excepted throughout the known world. From that time gold and silver coins has been the only true form of money to this very day.

At this point you may be saying what about the paper dollars, or yens, or euros I have in my pocket? Around 100 AD the Chinese were the first to invent paper. Sometime in the early 7th century they also become the first to invent paper money. This paper money was called flying money. These first bank notes carried a guarantee that it could be traded at any time for coinage. The paper was not the real money, it was the coinage that it could be traded for that was the real money. The paper was just a form of a promissory note, a promise to trade for real money.

In 1292 when Marco Polo came back from his travels in China telling people about this paper money they used there the people in Europe didn’t believe it. It seemed as a joke that the Chinese used paper for money. Paper money in Europe wouldn’t come about until the 1600s. In the mid 1600s paper money began to appear throughout Europe, some accepted, some not. The Goldsmithnotes printed by the Bank of England founded in 1694, were again a type of promissory note. These notes were printed as a promise from English gold smiths for account deposits. The clause “(I) promise to pay the bearer on demand the sum of — pounds” in gold. Again the paper was not the money, the gold it could be traded in for was the money.

Article 1 section 8 paragraph 5 of The United States Constitution states that Congress has the power “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”

Article 1 section 10 paragraph 1 of The United States Constitution states that “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts;”

From these 2 sections of The United States Constitution it is clear that our founders did not want paper money as a form of tender in this country, and for good reason. They knew that gold and silver coins have and keep value, and paper always comes to problems. Many of our founders seeing the problems Europe had with their tries at using paper money, plus the early tries of the colonies to use paper money.

In 1836 the first bank notes were printed, with over 30,000 designs and colors, they were easily counterfeited, along with bank failures, became almost as poison to most people. In 1861 Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes. In 1862 these notes were replaced with United States Notes. Commonly called Greenbacks. In 1865 Gold Certificates were issued. In 1868 National Bank Notes, backed by U.S. government securities were printed. In 1878 Silver Certificates in exchange for silver dollars were printed. In 1913 the Federal Reserve Act was passed, then everything changed.

Until this point the paper money printed could be traded in for gold or silver coins – real money. For a while federal reserve notes could be also. From 1913 to 1963 the federal reserve note went from a note that could be traded in for real money to nothing but a piece of paper that is not backed by anything, a debt instrument. Federal reserve notes no longer says it is redeemable for gold or silver, it only says “This Note Is Legal Tender For All Debts Public And Private.” In fact the words lawful money is nowhere on the note at all anymore.

Today’s federal reserve note is what is called fiat currency. Fiat currency does not have any intrinsic value or any guarantee that it can be converted into gold or another currency. Fiat currency is nothing but a government’s order (fiat) that it must be accepted as a means of payment, back by nothing at all. The founders of the United States knew that is what would happen if paper money became accepted. That is why they made gold and silver coins the only form of lawful money in our Constitution.

Paper money never has been and never will be real money. Gold and silver coins has been and still is the only true real money. You hear that gold and silver is going up in value, when in reality it is the paper money going down in value, meaning it takes more paper to buy the same amount of gold. Back when quarters were still made of silver you could buy a loaf of bread with one of them. Today that same quarter made of silver would still buy you a loaf of bread.


Earn Silver

Gold and silver coins is the safest place to invest your paper dollars. It is the one thing you can invest in that will never go broke. Stocks and bonds may crash, paper money may become worthless, banks may fail, but all through history gold and silver retains value. It is well known that Gold coins are the safest and most risk free place to invest ones savings. As the news informs us of the failing economy, and we see prices of everything go through the roof we need to find a safe place to put our hard earned federal reserve notes. At the decay rate of the dollar, if you can survive on $20.000.00 a year today, in about 10 years it will take you over $50,000.00 a year to live the same life style. That same $20,000.00 in gold coins in 10 years will last longer than a year.

Paper currencies offer you no protection in your investments, it only loses more and more value with each passing year. There is nothing that offsets the shrinking value of currencies like gold coins. When you save gold and silver bullion coins, such as the American Eagles, you build yourself a fortress of investment security.

Article written by Bernie Wheater
Bernie Wheater lives in Rochester, New York. He is a marketing and business consultant. He helps show people the benefits of owning a home business.

Visit his website at: [http://www.freemoneytree.tk]

If you would like to learn how you can obtain Gold and Silver Eagle Coins for 40 cents on the dollar go to: [http://www.silverandgoldcoins.tk]

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