eLetters – November 22, 2023

How does the fluctuation of the precious metals market affect the way you collect?

I am regularly adding to my numismatic collection regardless of the precious metals market. But, when the Ag spot price is low, I add to my silver bullion holdings with the goal in mind to trade out for numismatics coins at a later date. The gold-to-silver ratio is my indicator.

David Bondt, Address withheld

The change in precious metal values has no effect on what I collect since most of the items that I have collected over the last 68 years have numismatic value far exceeding bullion value. This includes currency, medals, tokens, errors, and early types.

Gary Lewis, Address withheld

The fluctuation of the precious metals market does not affect the way I collect. I collect classic, high-grade, U.S.-type coins. So, the amount of silver in an MS-63 Capped Bust quarter selling for $4,000-$5,000 is negligible. Even with gold, an extra $50-$100 for a $5,000-$6,000 coin is insignificant.

I do buy silver coins for our Young Numismatist presentations, i.e., a Standing Liberty quarter, a Liberty Walking half, or a Morgan dollar, usually in VF to AU. Occasionally, the dealer will say, “Oh, you know the price of silver is up.” I laugh and say, “Oh, so an extra 50 cents, maybe a dollar? OK.”

Lorne Lavertu, Herndon, Va.

I would buy a desirable coin to add to my collection regardless of an uptick in metal prices. What amazes me is the interest in acquiring bullion when prices are rising. Shouldn’t it be the opposite?

Joe G., Carlsbad, Calif.