Nashville Coin & Currency News

 Where Do You Get Your Precious Metals Spot Prices? That's a very common question we get, even in quiet times, but especially in active times when the market is moving rapidly.    The "Spot" price is the live market price for the raw metal used when computing how much a physical precious metals item will cost you to buy or what you'd get when selling yours.  Unlike the "Futures" Market, (paper contracts for metals delivery at some future point in time),  the "Spot Market" price is the current physical delivery price for 1,000oz bars of silver or 400oz bars of gold.  And like all commodities markets, whether gold, soybeans or orange juice, there is a BID and ASK price. Why do I see different Spot prices on different websites?  Since the physical Spot price is derived from markets that are constantly changing all throughout the day & night, it's normal to see very minor differences on different sites, usually less than $10/oz on Gold and 15-2...

Once carried as everyday pocket money, then recalled from individual ownership by the government in 1933, these "relics of the past" often represent great value in today's gold market. Gold & Silver have been used as money around the world for over two thousand years and have recently experienced an overwhelming resurgence of interest as the premier store of value as central banks, other nations and people around the world move to de-dollarize their financial holdings.  The writing is on the wall and it doesn't look good for the US Federal Reserve Dollar.  And good riddance, these Federal Reserve Notes are neither Federally issued, nor are they truly Constitutionally valid, but that's a story for another article.   Our point today is to explore Pre-1933 US Gold coins, and in particular, the $5, $10 and $20 denomination coins.  Certain dates & mintmarks can be quite rare and special, but an amazingly large number of these issues trade for just a few perce...

 Paper Currency Frequently Asked Questions Over the years, we received numerous questions about paper money, often the same questions are asked, so here's a few of the most popularly asked questions about Paper Currency: I have a bill with a star in the serial number.  Why is it there?  Is it valuable? Notes that have a star in the serial number are there to notate that it is a reprint of a note that was damaged during original printing. They reprint the serial number of damaged sheets/notes so that they can keep the accounting straight.  Current US currency notes are printed at the Bureau of Engraving & Printing in either Washington DC or Fort Worth Texas, and while they are printed at US Government facilities, they are actually the property of the privately-owned Federal Reserve System that has a "license" to control our money supply.  Because billions of currency notes are printed, mistakes are bound to happen and lots of Serial Numbers need to get reprin...

The European Union Plans to Ban Large Cash Transactions   Pictured: €500 Bank Note. €500 notes were withdrawn from circulation in 2019   The European Union is setting the stage to ban Cash transactions of 10,000 Euro or more, in the 25 countries using the Euro Currency.  Originally hailed as a method to stop money laundering, but now saying it doesn't work, the previous rule to report Cash transactions of €10,000 or more is being replaced with an outright ban on spending that amount in cash in those countries.  For decades, banks, and then businesses, have had to notify the IRS, and in the case of Europe, its European Union version of the IRS, when a person deposited, withdrew or spent $10,000 or more in cash or "cash equivalents", (ie: money orders & cashier's checks under $10,000).  Banks we'll even flag your account at much lower amounts, $3,000., to monitor if a person attempts to deposit or withdraw smaller amounts at multiple branches, totaling $10,000...

Nashville Coin & Currency, Inc. www.NashvilleCoin.com Our office is located at 213 Overlook Circle, Suite B-1, Brentwood, Tennessee 37027 Our regular office hours are Monday-Friday from 10:00am to 5pm. Due to our frequent nationwide buying trips and our active daily schedule,  we work by appointment.    Here's a map with our office locations shown, an Overlook Circle closeup map, as well as a view of the office's exterior.  Click on an image to see an expanded view of it. The street marquis signage at the office entrance where you turn in is abbreviated for security. It shows:  B-1 Mike Mouret NCC Contact us today for your appointment, we look forward to seeing you soon.     213 Overlook Circle, Ste B-1, Brentwood, TN 37027

Each year, there is approximately 10 times as much silver mined as gold, yet the Gold/Silver Ratio has been heavily skewed and considerably "out-of-whack" for many years.  Using the Gold/Silver Ratio as a guide to see which metal is favored, or unfavored, can be helpful when deciding which metal to buy at any point in time. October 15, 2025 After being as high as 100/1 in the not-too-distant past months, the Silver price's recent rise has brought the current Gold/Silver Ratio back down to the stubborn 80 to 1 ratio where it currently sits. July 19, 2023 The Gold to Silver ratio has now broken back under 80, figured today at 78.75 ounces of Silver to 1 ounce of Gold, as Silver has been outperforming Gold recently.    - - - - - Sept 7, 2022 Gold continues to dominate the Gold to Silver ratio.  At today's rates, one ounce of gold will buy 93 ounces of silver - - - - - July 18, 2022 At today's market prices, one ounce of Gold is trading at 91.4 times the price of one ...

 Great news for Tennessee buyers of precious metals, the Tennessee House and Senate have passed a recently resurrected and amended Bill to allow a Sales Tax Exemption on Coins and Precious Metals. Governor Lee signed the Act on May 27, 2022, and the Act took effect immediately upon his signature.  Here's what the new law looks like: A big THANK YOU to Rep. Bud Hulsey and Sen. Frank Nicely, the bill's initial Sponsors. Both of these men have been supporting our fight for an exemption for the last decade! Additional thanks to these bill co-sponsors: Senators Sutherland, Crowe, Bowling, Lundberg, Rose, Stevens, Walley and Watson AND Representatives Lamberth, Weaver, Gant, Sherrell, White, Crawford, Hazlewood, Ragan, Eldridge, Lafferty, Hawk, Terry, Jerry Sexton, Grills, Vital, Zachary, Doggett, Powers, Todd, Haston, Cepicky, Jernigan and Tim Hicks

By Mike Mouret     Factors That Affect The Price Of Precious Metals What factors affect the price of the Precious Metals? Gold and Silver market values fluctuate all throughout the day and night, trading worldwide nearly 24 hours a day now.  Many economic and political factors influence the physical Gold and Silver market price, known as the SPOT price. Some of the most notable factors include: current and long-term interest rates, the current rate of inflation, Gold & Silver's physical supply and the physical demand for them, speculator/investor purchases and sales, the current value of the US Dollar as a currency, large metals transactions made by Central Banks around the world, and of course, unforeseen events that can rapidly reshape whole economies. The Fed's Monetary Policies. The Federal Reserve is a privately-owned group of banks that controls the U.S. supply of money in the market to keep the economy growing at a pre-selected rate, or contracting when ...

  The amazingly strong, (but not surprising), surge in demand for gold & silver bullion items since the November 3rd Presidential Election is now being exacerbated by a shortage of Gold and Silver American Eagle coins from the US Mint.  We were informed today by one of our US Mint distributors that the current supply of coins from the US Mint has been absorbed into the market. The Mint is in the process of issuing new reverse designs for the Gold & Silver Eagles and that is planned to occur around mid-year.  So the Mint basically produced a large group of "type 1", current design coins (same design they have had since 1986), and this group was planned to last throughout the first 6 months of 2021, with the new "type 2" reverse design coins being released in time to handle the final 6 months of 2021 and that new design will continue into the future.What the Mint didn't expect was the extreme surge in demand caused by the election's political c...

  Feb 1, 2021 Demand  for physical Silver and Gold has been exceptionally strong since the November election, but we woke up today to the precious metals' markets seemingly on fire.  After having had grand success in the Short-killing run up of GameStop and AMC stock, the Reddit group has now turned it's massive buying attention to the silver markets.  Overseas trading Sunday night had silver showing a 5% to 10% increase that spilled over into London's market Monday morning, and New York trading near the close Monday is still solidly up 7%-9%  from Friday's closing price.  Even more interesting for us than the price move, is the dramatic effect that this retail demand has had on physical metal supplies.  Inventories of physical silver have been exhausted and we are seeing big spikes in the premiums that physical coins and bars bring.  We are being forced to sell many items based on extended delivery times.  We saw a similar situation in March...

  Peace Type Silver Dollars were produced from 1921 until 1935 at 3 US Mints: Philadelphia, Denver and San Francisco.  Some years had no silver dollars made: 1929-1933.  1921 dated Peace Dollars are scarce.  Dates most often seen are 1922 through 1926.   Morgan Silver Dollars were produced from 1878 until 1904, and then a hiatus with no dollar coins minted from 1905-1920, resuming again only for the year 1921.  The 1921's as a year are priced separately and priced less than the 1904 & before dated coins.  Morgan Dollars were struck at 5 different US Mints: Philadelphia, San Francisco, New Orleans, Carson City Nevada and Denver (only 1921 made in Denver). General Grading Categories of Common Date Silver Dollars    Cull Grade coins: these have a readable 4 digit date and no holes, but can have cleaning or polishing, scratches, gouges, rim dings, bending, etc.      Average Circulated coins:  These ha...