As we head into December, it’s hard to believe this will be our second holiday season in the store!
Of course, 2020 was a year we’ll all remember for many reasons, but for me it was filled with so much positivity. Whether you were visiting the area or living here, I had the fun of meeting you while you stopped in to Pismo Beach Coins Etc. Gallery to do some shopping, browse, get a verbal evaluation, or learn more about coins and collectibles.
Since then, many of you have become regular customers and I enjoy catching up when you come back to the store.
It’s been fun for me to learn what you’re interested in and let you know when an item has come in that meets your interest. It’s also an honor for me to give you evaluations of your coins and collectibles, as well as share some of my knowledge if you’re interested in purchasing items.
In this issue, you’ll find:
My thoughts on why silver is a great investment, especially now.
New in the store: Morgan Silver Dollars
And a few more things
Thoughts about the Future Price and Importance of Owning Silver
I have monitored the price of silver for the last 40 years while engaging in the pursuit of coin collecting. The spot price of silver has always affected coin prices with the exception of when the Hunt Brothers tried to corner the silver market in 1980.
Supply and demand factors have always caused price highs and lows in the silver market. In my opinion, there are events and circumstances currently occurring that are changing the game for silver bullion, which I believe will drive the price of silver to at least $100 an ounce and maybe even more.
I won't supply charts or graphs in my analysis (you can find plenty on the Internet). Instead, I will focus and zero in on what is happening currently, using some common sense.
Most are familiar with the typical uses of silver, which have been consistent for many decades. In no particular order of importance, these include jewelry, electronics, photography, batteries, dental alloys, and many other uses. These must be factored in along with new major expanded uses putting new demands and pressure into the perspective.
Solar panels that utilize silver, water purification processes to combat water shortages, and uses in medicine for a growing world population are some other very important factors in the increasing demand for silver. In addition, emerging markets such as China, India and even Vietnam are all using more silver. And don't forget that the silver used in electronics in the production of computer tablets and smartphones currently result in the use of one billion ounces of silver this year.
Even though these increased uses can cause moderate fluctuations in highs and lows over time, they are not what will cause the price of silver to surge past $100 an ounce. I believe the catalyst that will cause the price of silver to soar will be the runaway inflation caused by our government printing money 24/7 along with the increased world silver demand which is the other important factor never seen before in history.
There is a mentality in Washington on both sides of the aisle that our national debt will never be and can't ever be paid back. The dollar has become play money to the politicians.
We need to consider what would happen if we had a banking crisis whereby the banks close their doors and shut down everyone's debit and credit cards. If that happens, a large-scale panic would inevitably ensue within 48 hours of this event. Does Washington have a backup emergency plan if this happens?
It’s my opinion that everyone should have at least 10% of their savings (nest egg) in silver or gold. But my point is that silver, compared to gold, has the greatest upside price potential by far. It should be priced at least $100 an ounce, in my humble opinion.
What is the best silver vehicle to own and hold in case of a major banking or monetary crisis?
I believe owning United States 90% silver coins, also known as "junk or constitutional silver," in denominations of dimes, quarters and half dollars is a smart way to go.
At least one independent grocery store owner in San Luis Obispo county, California, has gone on record stating that he would accept silver coins as a medium of exchange as payment for groceries. For example, a loaf of bread could be bought for one silver dollar compared to the cost of fifty dollars of devalued United States flat currency.
Let’s hope it never comes to that, but I think it is prudent to be prepared just in case.
New in the Shop
We recently acquired a number of Gem Beautifully Uncirculated rolls of Morgan Silver Dollars, all dated in the late 1870s and 1880s.
All coins are Mint State 63 to 65.
Are you interested in adding these to your collection?
Please call for dates and prices.
We Buy Collectibles.
Are You Looking to Sell?
Do you have old, broken, or scrap jewelry?
Or do you have a coin collection that you’re interested in valuing and perhaps selling?
We also buy old coins, tokens, medals, WWII items, slot machines, and vintage toys.
Please contact us for a private appointment to evaluate your items so you can make a no-pressure decision.
Visit theContact page on our website and let’s set up an appointment.
Holiday Shopping Made Easy + Fun
We have coins and currency, of course, but we have so much more!
Come browse our wide and ever-changing selection of fun vintage and antique collectibles.
If you’re looking for quality jewelry for a gift (or for yourself), we have beautiful gold and sterling silver -- many with precious or semiprecious gemstones, as well as Native American turquoise and coral jewelry.
Clip the coupon below or mention the sale when you come in and shop for the jewelry that sparkles most for you!
We’re open Wednesday - Sunday, 10:30 - 5:00.
Happy Shiny Holidays!
Sterling Silver Jewelry Sale
20% off through 1/31/2022
Rings | bracelets | necklaces | brooches | earrings | and more
As you wander around the shop, you may wonder about the stories or history behind a certain piece. Don’t be shy -- ask!
I love sharing the background of items and what makes each one special.
Now a question for you. What would you like to read in this newsletter? Whether it’s what makes jewelry valuable, why certain coins are collectible, how old something needs to be before it’s called an antique, or any other question, let me know!
Just reply to this email with your question and I’ll cover it in a future issue.
P.P.S. Let’s Stay in Touch!
On my store’s website, you’ll find more information about the services and selections in the store, as well a bit about my background and how the store came to be.
While you’re online, I’d sure appreciate your review of my shop and your experience! And please share with your friends – your recommendation is the best way small businesses like mine can grow.
About the Shop
Pismo Beach Coins Etc Gallery is a bright, friendly store, and just a block and half east of the historic Pismo Beach Pier on California’s Central Coast. Inside, you’ll find a fun range of collectible and rare coins, currency and bullion… plus gold and sterling silver jewelry, antiques, art, lighting, toys, and more -- that’s the Etc. in our name!
Whether you’re looking for a memento from your vacation in Pismo Beach or a quality gift for a special person (or for yourself), you’re in for a treat when you visit our unique store in the Five Cities area near San Luis Obispo, California.
Pismo Beach Coins Etc Gallery
355 Pomeroy Ave. Pismo Beach CA 93449 United States (805) 936-5058
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