For a collector, "uncirculated" is more prized; for we accumulators with an occasional interest in coins, for me, anyway, the more circulated, perhaps the dirtier, the better, because that implies the coin is real and has a real history. An exception would be if the coin was left uncirculated for it's monetary value.
I don't believe in gold, but if talking gold, rather than coin, there is the *half trillion* in gold sitting in the U.S. Treasury "deep storage gold" held in Fort Knox, West Point, and Denver, held not for any value-in-use for gold, but under a monetary theory. The coins discussed in the following link (at least appear--assuming also it's not just repetition of an urban legend) also not to have been accumulated for their value as collectables, but probably for either the gold-as-money paradigm of the day, or simply for their *real value*, as currency: https://www.numismaticnews.net/archive/european-hoard-made-double-eagle-attainable.
This is not to diss coins as collectibles, but rather to deepen the discussion to various points of view on coins. Although, my own five-subscriber Substack, "Hard Currency..." is not about coins at all, but about money, so I *am* comparing apples to oranges a bit, here.
Thanks for the analysis, Tom. I looked at your substack, but, to tell the truth, all this "monetary system" and "currency" stuff is hocus pocus to me. I don't understand it. However, I hear on various alternative media channels that the US dollar is in jeopardy. Is that correct?
Not the whole topic, but: Not likely, with much more than eighty trillion in dollar denominated international debt, all requiring dollars to pay it with.
For a collector, "uncirculated" is more prized; for we accumulators with an occasional interest in coins, for me, anyway, the more circulated, perhaps the dirtier, the better, because that implies the coin is real and has a real history. An exception would be if the coin was left uncirculated for it's monetary value.
I don't believe in gold, but if talking gold, rather than coin, there is the *half trillion* in gold sitting in the U.S. Treasury "deep storage gold" held in Fort Knox, West Point, and Denver, held not for any value-in-use for gold, but under a monetary theory. The coins discussed in the following link (at least appear--assuming also it's not just repetition of an urban legend) also not to have been accumulated for their value as collectables, but probably for either the gold-as-money paradigm of the day, or simply for their *real value*, as currency: https://www.numismaticnews.net/archive/european-hoard-made-double-eagle-attainable.
This is not to diss coins as collectibles, but rather to deepen the discussion to various points of view on coins. Although, my own five-subscriber Substack, "Hard Currency..." is not about coins at all, but about money, so I *am* comparing apples to oranges a bit, here.
Thanks for the analysis, Tom. I looked at your substack, but, to tell the truth, all this "monetary system" and "currency" stuff is hocus pocus to me. I don't understand it. However, I hear on various alternative media channels that the US dollar is in jeopardy. Is that correct?
Not the whole topic, but: Not likely, with much more than eighty trillion in dollar denominated international debt, all requiring dollars to pay it with.