Nashville Coin & Currency News

  Updated 3-31-2026, read to bottom of page Record-high silver market prices are causing major changes in the world of trading physical silver items.   This article will be updated with more information as time permits and is warranted. - A 5 to 6 month backlog of scrap silver waiting to be refined has built up at silver refineries around the country and the refineries have stopped allowing any further incoming shipments for the foreseeable future. This is causing almost all of America's largest wholesale dealers to HALT purchases of many categories of silver items. This suspension of purchasing affects categories like sterling silver flatware & tableware, scrap silver jewelry, US Wartime Nickels, 40% Silver Clad Halves, Foreign silver coins, industrial silver scrap and in some cases, pre-1965 US 90% Silver coins.     This suspension of buying scrap silver by the major dealers, along with increasing processing & payment times, has trickled down to s...

 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...

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...

  Pre-1965 US 90% Silver Dimes, Quarters & Halves Often referred to as "Junk Silver", these are United States silver dimes, quarters and half dollars that were in circulation as pocket change back the 1960's and before.  These coins are all dated 1964 & before and were made of 90% Silver with 10% Copper added for durability in circulation.  Since they were made by the US Mint, their silver quality is always totally consistent and recognized worldwide.  These coins are sold by the Dollar Face Value (One Dollar face value is either 10-dimes, or 4-quarters or 2-half dollars), and each Dollar face value contains about 3/4 of an ounce of Silver.  The US 90% Junk Silver Coins are very recognizable and popular due to their small individual size.  "Preppers" often buy these for potential bartering because you can just count out whatever quantity of the small pieces you need for the barter transaction. Their Premium above their base silver value is usually r...