The advent of Coronavirus has caused the temporary end of handshakes, big Thanksgiving dinners, open school rooms, large corporate meetings, big football crowds, concerts, night clubs, conventions, most air travel and now some newspaper headlines tell us that coronavirus could spell the end of coins and the cash economy. Every financial transaction will take place online or with credit cards, Pay Pal, crypto-currencies or some new program they claim.
Continue reading "Will Coronavirus Mean “The End of Coins”? (I Think Not!)"
During November, the U.S. Mint sold 4,805,000 one-ounce Silver American Eagle coins, more than 10 times the 463,000 coins sold in November 2019, bringing the year-to-date totals to almost a 100% gain (29.3 million ounces vs. 14.8 million last year). Gold American Eagle sales were up 673% in November, with 85,000 Troy ounces sold vs. 11,000 in November 2019 that brought the 2020 11-month total up to over 5-fold from 2019 (794,500 Troy ounces in the first 11 months of 2020 vs. 150,000 ounces in 2019). The Buffalo Gold coin sales were also up strongly, +370% for November and +286% for the year-to-date
Continue reading "Silver American Eagle Sales Soar 10-Fold in November 2020 Over November 2019"
Irving Berlin had most American holidays cornered in his songs (White Christmas, Easter Parade, God Bless America), but his Thanksgiving song, nominated for an Academy Award as “Best Song,” didn’t contain the word thanks. It was Count your Blessings:
Continue reading "Songs About the Holidays"
As we take a four-day break for Thanksgiving weekend this Thursday, we all have personal reasons for giving thanks, but we also have overriding reasons for giving thanks for national blessings in this particularly difficult year of 2020, which everyone has come to despise. Consider these opening thoughts:
Continue reading "Ten Reasons for Giving Thanks in a Very Rough Year"
Gold and Silver Long-Term Fundamentals are Sound
Gold fell $30 Monday morning, November 23, to $1,835, based on promising COVID-19 vaccine news and stalled progress on more stimulus packages in Congress, but these are all temporary, knee-jerk reactions, which have no bearing on the long-term fundamentals for gold and silver. As we said last week, this may be an unrealistic “honeymoon” attitude toward Joe Biden, or temporary amnesia about all the deficit spending in 2020, since rising inflation, more deficits and social unrest likely await us next year.
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"