Many of our guests looked for those perfect numismatic specimens to
add to their collection. But, once again, a lot of people looked for gold
and silver too. People bought and sold twenty dollar gold pieces,
mostly Liberty and St. Gaudens. They also bought and sold 100
ounce silver bars.
At just under seven avoirdupois pounds (our regular measure), buying
several of those 100 troy ounce bars could be heavy. Plus, at just
under $25 per ounce, several of those silver bars could also equal
some heavy money!
In addition to buying and selling, people discussed the merits of gold
versus silver. Several commented that silver needed to increase
significantly to catch up to gold in value. However, silver's value and
gold's value are not tied to each other. Interestingly, sometimes their
market patterns - that is, growth and pull back - match and sometimes
If you have old silver coins, you may want to take a closer look at them. In some cases, their silver value surpasses their
numismatic value. For example, a silver quarter (that's not slick) contains over four dollars of silver. Likewise, a silver
half dollar contains more than eight dollars of silver. (Important note: these numbers are only valid for today's market.
Silver prices fluctuate both upward and downward changing these values frequently.)
Please don't do like a nice, but un-informed, elderly lady did recently. She took a bag of silver (remember, a bag equals
$1000 face value) to her local bank and asked if they would take them for cash. The bank teller refused and claimed the
coins had to be rolled. Luckily, she then took the coins to a coin dealer for cash.
Let's see, if the silver coins were quarters, a bag contains 4000 quarters. At $4 per quarter that's $16,000 versus the
$1000 face value. Now, a coin dealer does pay the full bullion amount since he has costs associated with shipping and
handling to the bulk silver buyer plus he needs profit for the costs of his business and his livelihood. In this case, he
wouldn't share how much he paid - some business transactions are private. Regardless, the lady received more than
the face value.
In both the numismatic circles and the investment realm, the next few weeks should prove to be interesting with both
gold and silver.
Next month's show is Sunday, November 14, 2010. We'll see you there!
What an absolutely gorgeous early fall day in Atlanta! The morning opened to cool
temperatures, and the afternoon warmed to shirt sleeve weather. The sun shone brightly all
day in a clear blue bowl of sky.
Being in the south, our trees still have a lot of their leaves. But the trees' green colors are
turning into golden yellows, rusty reds and bright oranges as the temperatures get cooler
and the trees begin to shed for winter.
As for the coin show, it was jam-packed with people elbow to elbow for most of the day.
This was due in part to being in a smaller room again this month, but it was also due to lots
of guests visiting the show.
Visitors to the show walked through the newly renovated lobby area. While the hotel
completed their construction visible in the lobby and ballroom area, a few construction
trailers remain near the back fence. In the afternoon, someone alerted that the back
parking lot was full.
Yep, we were busy. So much so that one of our dealers exclaimed, "Best show I've ever