Silver and American Eagles

Posted on Do 10 Februar 2011 in misc • 1 min read

  • Numismatics
  • Sliver tags: [] meta: _edit_last: '1' dsq_thread_id: '226840264' _wp_old_slug: '' author:

    It's probably no surprise to my readers that in addition to trading and building neural net models, I like to collect coins and paper money, especially paper money that's worthless. My approach to coin to collecting is simple; collect items I like and add in a few items for their metal value (gold and silver). I probably do more collecting nowadays than trading because the markets have become one highly frequent casino.

    For those readers who live under rocks, the price for gold and silver has been on a tear upwards over the past few years.  There have been a few scary pullbacks, but the overall trend is still higher.  Overtime these trends tend to attract the "dumb money" and I suspect its happening now.

    Why? Well the US mint suspended production of the 2010 Silver American Eagle due to unprecedented demand! Granted this is old news but the 2011 Silver American Eagle won't be available till July 2011.

    This comes right after the suspension of the 2010 Gold American Eagle and the discontinuation of fractional Gold American Eagle coins.

    The trick is knowing when to sell your gold and silver,  but in all honesty I'd have a hard time giving up my Eagles. They're so shiny and preciousssssss.