Many fear that the U.S dollar will fail thus resulting in the use of alternate currency/trade barter. I too have my own fears, some years ago I
decided to start investing in precious metals. I have compiled a meager list of some resources that I use to obtain both numismatic and non, sources
of silver and gold. I hope that this information is received well and I'm always open for suggestions.
*Disclaimer* I am not an investment expert. I am not selling any type of service nor am I advocating any type of investment strategies or techniques,
this information solely my opinion and should be taken as such. I assume no responsibility for losses incurred by those readers who choose to risk
monies in the gold and silver market.
Numismatics (Latin: numisma, nomisma, "coin"; from the Greek: νομίζειν nomízein, "to use according to law") is the study or
collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or
collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
Lacking a structured monetary system, people in the past lived in a barter society and used locally-found items of inherent or implied value. A few
people today still use bartering in absence of a monetary system. Early money used by people is referred to as "Odd and Curious", but the use of
other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes in prison). The Kyrgyz people used horses as
the principal currency unit and gave small change in lambskins. The lambskins may be suitable for numismatic study, but the horse is not. Many
objects have been used for centuries, such as cowry shells, precious metals and gems.
As stated above and referenced from the Wiki
site, the word numismatic
refers to coinage or
paper money. Many people believe that this type of medium is ill advised based on the current fears of the dollar failing. The
offers a wide variety of numismatic options for investment in precious metals. I'll start
with silver and work my way "up", though it should be noted that the purchase of these coins is available through the
offer authorized dealer's in your area as well.
American Eagle Silver Bullion Coins:
American Eagle Silver Bullion Coins are affordable investments, beautiful collectibles, thoughtful gifts and memorable incentives or rewards.
Above all, as legal tender, they're the only silver bullion coins whose weight and purity are guaranteed by the United States Government. They're
also the only silver coins allowed in an IRA.
These coins contain one Troy onuce
of point (.999%) pure silver. They generally range in price
(current year) from spot
to just above. Simplified, you are paying the price of the amount of
silver in the coin and sometime a bit more for the minting, although the face value
may be lower
then what you actually pay.
Older versions of these coins sometimes increase in value depending on what collectors are willing to pay above their value in silver alone. some
Other U.S silver coins include
please check with your local coin dealer for prices
Authorized by the Bullion Coin Act of 1985, American Eagle Gold Bullion Coins quickly became one of the world's leading gold bullion investment
coins. Produced from gold mined in the United States, American Eagles are imprinted with their gold content and legal tender "face" value. An
American Eagle's value is based on the market price of its metal content, plus a small premium to cover coinage and distribution.
Face slection for American "gold eagles" minted in four weights as follows, - 1/10, 1/4, 1/2 and 1 ounce. Prices for these coins range from $100 to
almost $1500 (current) Values
Many example of the above mentioned coins exist, please be advised that purchase of these coins through a reputable dealer is advised as many
counterfeits are passed off to unsuspecting buyers.
Non numismatic or bullion.
This section contains examples of gold and silver that are not minted by the government. This option is a more reasonable approach as is is possible
to buy in relatively affordable amounts.
These examples are available for purchase in almost every coin shop and reputable dealer and for many, represent the bulk of their collection. Ranging
from silver "shot" to
Available in many quantities, this option is not for everybody as the price of gold is very high. I have provided some links for
the reader to review.
I hope this information is useful please exercise caution when investing in these products, take care and above all have fun!