High Bullion Prices Bring out the Sharks

high-bullion-prices

It must have been my lucky day. I couldn't sleep the other night, and I turned on the television. The first channel I caught was running a commercial for a coin dealer offering a very limited number of rare coins for sale. The first question I asked myself was, “How can these coins be rare if there is enough supply to run the same commercial several times?” While there are certainly many rare and valuable dates on most coins series, there are infinitely more common dates in uncirculated condition. Unfortunately, high bullion prices are bringing out the sharks, so would-be coin investors better be wary of the “good deals” on coins right now.

Morgan Dollars, Gold Eagles, and Double Eagles were minted in large numbers and are readily available in mint state condition for more years than not. In the past, not unlike today, most people preferred to use paper money instead of coins for their daily transactions, with the exception of those in western states. When was the last time any of us received a Susan B. Anthony or Presidential Dollar for change? Most of these coins were used for bank-to-bank transactions thus preserving these coins in their mint state. My definition of a rare coin is a coin that is not readily available for sale with years passing before one might become available. 

Continue reading
  161 Hits
  0 Comments
161 Hits
0 Comments

Why Do We Do Business By Appointment Only?

by-appointment

Grand Rapids Coins operates our business by appointment only. We do this to ensure the safety and security of our customers. You may wonder why we do not operate a retail showroom or have hours in which we are open to the public. Let’s talk about the advantages of meeting by private appointment only. 

Meeting By Appointment Is More Secure

Could you imagine meeting your financial advisor, accountant, or banker to obtain a home mortgage in a room full of strangers hanging around you? Most of us have an expectation of privacy when it comes to our finances. In addition to being a fun hobby, coin collecting is also an investment. When it comes time to make a purchase or dispose of a collection, the last thing anyone wants is to feel rushed or uncomfortable.

Continue reading
  408 Hits
  0 Comments
408 Hits
0 Comments

PCGS NGC Michigan State Numismatic Society 

Mullen Coins, LLC, Coin Dealers, Supplies, Grand Rapids, MI

 PMG Authorized DealerWest Michigan Coin Club