Hold Some Gold – Better Safe Than Sorry?
"It is perhaps a good idea to hedge one's bets and hold some gold against yet another global financial crisis precipitated by tit for tat sanctions. Particularly when aware that today's currencies have no backing at all and could revert to the value of the paper on which they are printed."
Today's Featured Auction:
Complete Roosevelt Silver Dime Set of 48 Coins 1948 - 1964, plus 7 1965-69 Clads
More Coin, Metals, and Inflation Articles
July 31 - Woman Feels Ripped Off, Pays $61 For Coins Worth $1.50 WFLA
July 31 - Background and History of the West Point Mint Coin Update
July 30 - Gold Production to Drop By 50%; Few New Discoveries Will Exacerbate Problem Munknee
July 30 - Restoring the JFK Portrait for the 50th Anniversary Kennedy Half Dollars Coin Update
July 30 - Schiff On The Dollar Crisis, Federal Reserve And Future For Gold Prices Birch Gold
July 29 - Gold Bugs Meet Bitcoin Believers to Supplant the Dollar Bloomberg
July 29 - Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors Zero Hedge
July 29 - Gold and Dollar's July Rally 321Gold
July 29 - Silver Bullion Banks Accused Of Manipulation in U.S. Lawsuit Reuters
July 28 - Managing Dwindling Energy, Water Resources A Top Priority For Mining Mineweb
July 28 - The Typical Household, Now Worth a Third Less New York Times
July 28 - There Is No Inflation If You Don't Eat Dairy, Seafood, Fruit, Pork, Beef/Veal or Eggs EPJ
July 25 - Kennedy Half Dollar Clad Set First Day Sales Reach 68,974 Mint News Blog
July 25 - A Chinese Gold Standard? New York Times
July 25 - Secret Service Raids Ohio Coin Shop, Allegedly Selling Stolen Goods Mansfield News
United States Circulating Coin Values
This table does not reflect U.S. Mint production costs, but the pure base metal value that composes the coin. Calculations are based on coin weight, metal composition, and base metal prices. The "Metal % of Face Value" column represents the percentage of metal that comprises the denomination's purchasing power. A coin that is over 100% in this category has more base metal value than purchasing power.
Table based on August 1, 2014 overseas base metal prices:
|Copper $3.2204/lb 0.0045
||Zinc $1.0717/lb 0.0057
||Nickel $8.3866/lb 0.0526
United States Circulated Silver Coin Values - Updated Every Minute
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.
Table based on August 01, 2014 1:43 AM EDT silver prices:
Silver $20.38/oz 0.00