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Numis Coins – Why Coin Collectors Should Beware!

By Andrew Gregory Smith

To understand the actual value of Numis Network Coins I want to start with a brief history lesson!

You have probably heard about the California Gold Rush of 1849. Actually when gold was first discovered in California people flocked from throughout the united states to get their hands on their share of the gold. Initially there were no laws of ownership of the land, or gold beneath it, hence the Gold was effectively free for the taking! Over time this changed and ownership was placed on the valuable metals found underground.

In 1933 it became a criminal offence to trade Gold in all forms, except for jewellery and collectors’ coins. This was done to stop the hoarding of bullion and the illegal exchange and trading of Gold. Gold has always been viewed as a special, valuable metal and trading valuable metals is very closely controlled.

In 1934 the Gold Reserve Act was passed, which prevented any US residents from hoarding bullion. Individuals owning gold needed to sell it to the US treasury!

Several years later in 1986 the United states govt issued a new law known as the Liberty Coin Act. This offered Us residents a means of collecting precious and valuable metals as collectors’ coins. This meant that US citizens could once again own Silver and gold, which have always been regarded as extremely valuable assets.

Numis Network distributes the best grade, MS70 Silver Numismatic Coins. Those coins are manufactured in government mints all around the world. They are guaranteed for both purity and weight of silver they contain.

There is, however, an important difference between Bullion and Numismatic coins which you have to understand. Allow me to explain with an example:

If you had an MS70 Silver American Eagle Coin from 1986 then how much is it actually worth? The coin’s value is $1! It’s a $1 coin! If you walked into a shop it wouldn’t purchase you anything more than a $1 note would!

However, value of the ungraded Silver is in fact just over $40. Silver bullion is worth around $42 per ounce (this is the weight of this coin). But we’re not considering ungraded bullion here. We’re looking at an MS70 graded silver coin. A 1986 graded and certified MS70 silver eagle coin can actually fetch around $700! The value of an MS70 collector’s coin is determined by its condition, rarity and the demand for that particular coin. As you may imagine, the 1986 coin was the first one to be manufactured and is in very high demand!

All Numis silver coins are the highest MS70 graded silver and many are regarded as quite rare as well.

If you are intrigued and would like to learn more about the Numis Network Coins then please follow the link below: Numis Coin of the month club.

Article kindly provided by UberArticles.com

Topics: Coins | Comments Off

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Article Citation
MLA Style Citation:
Smith, Andrew G. "Numis Coins – Why Coin Collectors Should Beware!." Numis Coins – Why Coin Collectors Should Beware!. 3 Jun. 2012. uberarticles.com. 2 Aug 2014 <http://uberarticles.com/hobbies/coins/numis-coins-why-coin-collectors-should-beware/>.

APA Style Citation:
Smith, A (2012, June 3). Numis Coins – Why Coin Collectors Should Beware!. Retrieved August 2, 2014, from http://uberarticles.com/hobbies/coins/numis-coins-why-coin-collectors-should-beware/

Chicago Style Citation:
Smith, Andrew G. "Numis Coins – Why Coin Collectors Should Beware!" uberarticles.com. http://uberarticles.com/hobbies/coins/numis-coins-why-coin-collectors-should-beware/


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