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Uncategorized | Making Cents
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Archive for the ‘Uncategorized’ Category:

10 Things You Didn’t Know About Gold

With gold and silver down this morning – following a mysterious vertical plunge last night (once again) – we thought ConvergEx’s Nick Colas’ timely discussion of gold was worthwhile. As he notes, Gold is the ultimate personality test for investors. Some hate it, excoriating its adherents for their lack of faith in human ingenuity – gold has been valuable since before humans could write. And some swear by the yellow metal, in the belief that it is the last vestige of rationality in a world of financial assets manipulated by central banks and opaque trading venues. What gets lost in the wash is that gold is a commodity and can be analyzed as such. On that basis, here is the ‘Top 10’ list of real-world fundamentals for gold.

Read more here..
10 Things You Didn’t Know About Gold

China Playing a Major Role in Global Silver Market

China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute…

Read more here..
China Playing a Major Role in Global Silver Market

Should I clean my items?

Cleaning any collectible is probably the biggest single mistake non collectors make under the notion that if it looks better, it will bring more money. Nothing can be further from the truth; Collectors want items in their original condition, dirt, scratches and all. It shows originality. Once an item has been cleaned or altered it’s price has been lowered forever. Never clean collectibles yourself.

Grade and/or Condition

The grade and/or condition of an item effects the price of all collectibles in all fields. Most collectible prices are based on the condition of the item. This is very simple, the nicer condition of the item, the more it should bring.

The “King of U.S. Coins”

The 1804 dollar is among the most coveted of all rare U.S. coins, with only 15 known examples. Strangely enough, no dollars dated 1804 actually were struck in that year. The United States Mint prepared dollars dated 1803 in 1804, and then stopped regular production of silver dollars until 1840.

Read the full article here… http://www.money.org/Exhibits/1804Dollar/

1793 penny fetches $1.38M at U.S. auction

ORLANDO, Florida (AP) – A once-cent copper coin from the earliest days of the U.S. Mint in 1793 has sold for a record $1.38 million at a Florida auction.

Read more here… http://www.usatoday.com/news/nation/story/2012-01-07/million-dollar-penny/52440226/1

White House cutting production of presidential dollar coins

WASHINGTON — The presidential dollar coin has fallen victim to Washington’s cost cutting efforts.

The White House said Tuesday it is stopping nearly all production of the coins, which carry the likeness of every deceased president. The effort will save taxpayers $50 million a year in production and storage costs.

Read more here:

http://www.washingtonpost.com/politics/white-house-cutting-production-of-presidential-dollar-coins-will-save-taxpayers-50-million/2011/12/13/gIQAC1f3rO_story.html

We are moving!!

Commercial Rare Coins & Precious Metals is in the process of moving! We will still be in the same easily accessible location, but will be upgrading to a new show room on the East side of the building! Check back soon for further details!


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