11/20/2023 0 Comments Ampex coinsWhile not written with numismatists in mind it nevertheless presents a fair and favorable view of the numismatic hobby in the context of precious metal investment. A more accurate title would be "The AMPEX Guide to Investing In Precious Metals."īut other than that jarring promotional stuff, the text is actually very usable and readable, another thorough effort from David Ganz. But in Chapter 14 "Where to Buy Gold and Precious Metals" Ganz writes: "Since AMPEX (is one of the largest and most successful Internet retailers, I have constructed the tables of comparison using AMPEX as compared to other coin dealers, whether over-the-counter of telemarketers." The remainder of the chapter consists of six tables with titles such as "Comparison of Convenience of AMPEX to Other Dealers" and "Comparison of Pricing of AMPEX to Other Dealers".ĭid I mention that AMPEX and is on the cover of the book, bigger than the author's name? That should have been my first clue. Throughout the book, references to prices are based on values from AMPEX, and the web site, is referenced repeatedly. 2023 GB 1 oz Silver Coronation Britannia PCGS GEM BU (King. Multiples of 25 are sold in tubes and 500 come in 20 mint tubes inside a Monster Box. 2023 GB 1 oz Silver Coronation Britannia PCGS MS-69 (King. The 1 oz Silver Britannia coins were first produced as Silver coins in 1997 and are renowned for their beauty, trustworthiness, and special security features. If you need to buy, sell or trade Precious Metals in your area, click on your state below to see local dealers near you. There is also a two-page ad for Krause Publications at the back, nothing unusual. 2023 GB 1 oz Silver Britannia PCGS MS-69 FS (King Label) 68.18. Our local coin shop directory allows you to search by city or state to give you both the narrow results of local dealers near you, in addition to all the available options in your state. There is a two-page ad for AMPEX at the beginning. One aspect of the book took me aback a bit, though. An 1858 $20 gold piece Pittman purchased in 1949 at $60 grew at a compound rate of 12% annually - realizing a comparatively astounding $14,300 when Pittman's collection was sold in 1997-1999. The investment performance of these coins is less impressive when viewed in that light, yet it's a powerful statement on the wonders of compound interest. The table also shows Pittman's compound interest rate on these purchases, which interestingly was only in the 9-12% range. Ampex Silver 1 Ounce Coins, 10 x 2012 Silver Canada Maple Coins, 14 x 2012 / 2013 American Silver Eagle Coins. Many of these coins ultimately sold for a hundred times Pittman's initial investment. On p100 is a nice chart of several of John Pittman's purchases, most of which were at under $70 per ounce. Many of the gold coins purchased by these gentlemen, even rarities, were at relatively small markups over the price of gold at the time. Gold Bullion Coins discusses the collections of Harold Bareford, Lou Eliasberg and John Pittman. The chapter on the History of Buying U.S. APMEX also offers several IRA-approved metals for. It's illustrated with plenty of charts and tables, but there's plenty of eye candy as well - gold, silver and platinum coins and bullion pieces, and the $7.59 million 1933 Double Eagle. APMEX has more than 40,000 products listed on its website, including coins, bars, rounds, bullion, and seminumismatic and numismatic products. While it's not directly numismatic, there are several parts collectors can relate to. Ganz is aimed at a general audience interested in adding gold, silver and other precious metals to an investment portfolio. The Essential Guide to Investing in Precious Metals by David L. If you receive commissions from sales of precious metal bullion and monetized bullion paper currency, you owe service and other activities B&O tax ( WAC 458-20-248).BOOK REVIEW: ESSENTIAL GUIDE TO INVESTING IN PRECIOUS METALS Retailing B&O tax and retail sales tax applies on such sales to consumers. Sales of bullion that will be used to manufacture items such as jewelry or works of art are subject to wholesaling B&O tax if you receive a reseller permit. an exchange medium under the laws of a government). You owe retailing B&O tax, and you must collect and report sales tax on your sales of coins that cannot be used as money (i.e. Monetized bullion is a coin or other form of money made from metal and used as an exchange medium under the laws of a government ( RCW 82.04.062). Precious metal bullion is any processed, smelted or refined precious metal valued on its content, not form ( RCW 82.04.062). 90 Silver Mercury Dime 100 Face Value Bag. This applies even if you sell bullion for more than face value. 90 Silver Roosevelt Dimes 50-Coin Roll BU (Bank Wrapped) 166.94. Generally, you do not owe wholesaling B&O, retailing B&O or retail sales tax on your gross income from sales of precious metal bullion (gold bars, processed nuggets, etc.) and monetized bullion (coins, etc.).
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