John Linscomb, an assistant manager at 1st American Reserve, joined the company 17 years ago. His background is interesting in that he grew up on a cattle ranch and continues his love of the outdoors. During hunting season, when he is not in the office or spending time with his family, you can find John in a deer stand. In the summer, he is known to hook a few lunkers, as well.
John is especially proud of 1st American’s A+ rating with the Better Business Bureau and the fact they have been accredited with the BBB since 2002.
Continue reading "Get to know the “Team Mike” Professionals at 1st American Reserve Working with Dr. Mike Fuljenz, America’s Gold Expert ®"
After next Tuesday’s election, coin investors can turn their attention to 2021 in more ways than one. Then it will be only two months until the start of a series of new coin designs in the 2020s, starting in 2021.
First, we are likely to see commemorative versions of the Morgan and Peace dollars in 2021 to mark the centennial year of the final Morgan dollar and first Peace dollar in 1921. In mid-1921, we will also see a change in the reverse design of the gold and silver American Eagles. These will engender new interest in both the old and new designs and generate new interest in coin collection, resulting in numerous new ads posted in various media, which generates new customers. Experience has shown us over the years that about one out of six of these many new buyers of bullion coins later turns into buyers of numismatic coins, strengthening the market for years.
Continue reading " Countdown to the “Roaring 20s” of New Coin Designs"
Big Banks Say that Silver Could Double to $50 with a Biden Victory
Giant banks like Bank of America and Goldman Sachs say that silver could double to $50 per ounce if Joe Biden wins next week’s presidential election, primarily due to enactments of some elements of the New Green Deal, which could double silver’s industrial demand for solar panels and other applications.
“Investors help, but industrial demand ultimately moves the needle” for silver prices, wrote a team of Bank of America strategists led by Michael Widmer last August. Annual silver demand, now about 2,285 metric tons, could increase by 87% to 4,272 tons over the next 15 years based on de-carbonization of the U.S. sector alone, according to the BofA strategists, who believe this new demand could “push silver into a sustained deficit,” which last occurred from 2006 to 2011, pushing silver up to $48.58 in April 2011.
Continue reading "Big Banks Say that Silver Could Double to $50 with a Biden Victory"
It's also wise to shun cold calling, mail-order or Internet coin dealers who distribute price guides but then deliver coins graded by substandard certification services without an FTC recommended 15-day return privilege. The Federal Trade Commission has cautioned that some certification services have looser grading standards than the industry norm and warned that coins sold by dishonest coin dealers too often are graded by such companies as "part of fraudulent sales schemes...intended to mislead consumers." Remember price guide prices are typically for PCGS or NGC graded coins and not for grading services whose similar-sounding initials could be confused with PCGS or NGC. Have your dealer repeat each grading service's letters one by one.
Continue reading "Choose Your Coin Certification Service Wisely"
The unpredictability of market values has been dramatized in recent years by the frequent ups and downs of precious metal prices. Gold, silver and platinum all have trended significantly higher in long-range terms - but all have experienced corrections that have caused their bullion value, and that of bullion-sensitive coins struck from these metals, to fall sharply in the short run. Similar changes can, and have, also occurred over the years with numismatic coins - those whose value is based more on their collectibility.
Continue reading "Even The Most Current Coin Price Guides May Not Be Absolutely Accurate"