Your Questions About Silver Foreign Coins Value

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Michael asks…

can you exchange a commemorative coin for face value at a bank?

I have a 1oz. silver commemorative coin from a foreign country and am curious if I can exchange it for paper currency at face value of the coin which shows 10,000,000 lira.

financi4 answers:

I doubt you will find a bank willing to exchange for anything not intended for circulation.

Joseph asks…

When the US Government is given the constitutional power to do something, is it assumed that they must do it?

Article 1, Section 8 “The Congress shall have power to … coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures” Must they to coin money and regulate it? Are they then prohibited from removing coin money (eg. gold, silver) from the market?

financi4 answers:

No, I suppose the federal government technically doesn’t have to coin money just because they have the power to, but our economy operates on the fact that they do. The important thing about that provision when the Constitution was written was that the federal government has the *exclusive* power to coin money. Under the Articles of Confederation, each state had the power to coin their own money and it was economic chaos.

Robert asks…

Old German coin values.?

Bought some coins from a guy today. Paid $10 for 9 coins. Wanted to see what they are worth, of if anyone knows where to look up old foreign coin values online, that would be great, I have a couple hundred. The conditions I have listed are just my guess based on coins that I have bought that have been graded. I have a 1913 1/2 Mark J that was rated Very Fine and most of these coins are better than that, other than the 5 and 10 Pfennig coins. I believe they are all some percentage silver, not sure about the 1937 though.

These are the ones I got today:

1937 2 Reichsmark A – swastika on back – excellent condition
1905 1 Mark A – above average
1876 1 Mark C – below average
1887 1 Mark A – above average
1875 5 Pfennig Mint mark not visible – coin is almost smooth – poor condition
1875 10 Pfennig A – mint mark barely visible – back is almost smooth, front is in above average condition
1900 5 Pfennig E – above average condition
1908 1/2 Mark A – fair condition
1918 1/2 Mark G – fair condition
Thanks. Didn’t think of looking on ebay. Yeah, definitely made my $10 back! Not looking to sell them, I collect German stuff and saw these and had to have them.

financi4 answers:

If you want book values, there are a number of online sources. I can’t give them to you, because I deal with real, live prices. I know of several auction sites that handle mid to high end coins, and eBay is one of them, but for what you have, eBay is the only place that deals with inexpensive singles.

You can find most, if not every one of what you have. You can compare your condition against those. From what I saw, you made out pretty good. You got your $10 back, at least, just on the three 1 Mark issues.

Ken asks…

Would Liberals Ever Support Ending the FED?

Liberal progressive Democrat Woodrow Wilson gave us the Federal Reserve Banking System and I know how liberals look with admiration to President Wilson for his massive expansion of Federal government power and control. Further, I suppose liberals also appreciate the massive power and secrecy the FED enjoys in it’s issuance of fiat currency instead of what the Founding Father’s intended with Article One of the United States Constitution “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

I am hopeful liberals could channel their disdain for massive,all powerful Federal Reserve banks into an understanding of our fiat money system and at least consider what Thomas Jefferson said; “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”

I wonder if liberal’s admiration of Woodrow Wilson’s gift of the Federal Reserve Bank and the IRS could be changed into a desire to return our money system to the gold and silver coin standard that worked so well?
FIAT EMPIRE – Why the Federal Reserve Violates the U.S. Constitution

http://video.google.com/videoplay?docid=5232639329002339531#

financi4 answers:

They would never support abolishing the FED, because the institution gives us inflation.

And inflation is the hidden tax on wealth — every year people, who have money, lose somewhere between 1 and 3% (when the inflation is “low”) of their savings.

Steven asks…

Foreign/U.S. coin values?

i have googled till my fingers fell off. Some i found and just want to check and some i’ve had trouble finding.
1912 “Confoederatio helvetica” 20 cent franc
1944 “espana” 1 penseta
1891 american silver dollar (cc mint mark)
1921 american silver dollar (D mint mark)
1937 buffalo head nickel (D mint Mark)
1918 “deutsches reich” 1/2 mark
1932 french 1 Franc
1957 italian “l’200”

Any help is appreciated

financi4 answers:

Condition is everything here, and since you don’t say, I will assume these are all the typical circulated condition for the year.

The only really good ones you have are the two US silver dollars. The 1921-D would be worth a dollar or two over the silver value of $27 currently. A dealer would pay maybe $22. The 1891 -CC is a scarcer coin from the famous Carson City mint, and is worth in the $70-$90 range to a collector. A dealer might pay $50. It this one shows little or no wear and much of the original luster, it will go well over $100.

The only other coin with any silver is the German 1/2 mark, and it’s worth $4 – $5. If the buffalo nickel has a strong date, it’s worth a dollar, if not, 25 cents. The rest of them are common, made of cupro-nickel or bronze, and are the kind of coins you see in a coin shop in the 25 cents world coin box.

Daniel asks…

Why Do Liberals Resist Returning To Real, Constitutional US Money?

The Constitution says the Federal government is “to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures” and “to provide for the Punishment of counterfeiting the Securities and current Coin of the United States”.

What would be wrong with abolishing liberal, progressive Democrat President Woodrow Wilson’s fake money and return to gold and silver coin, as the Constitution mandates?
Ace doesn’t get the concept. You can still have your Visa card and banks.
Mattle doesn’t have a clue what happened to our money in 1913.
They defend the FED and don’t know what it is. They just don’t get it and won’t take the time to find out what the FED really is.

financi4 answers:

I am not a liberal, but a republican. I am not really answering your question, but asking you one. Do you have any questions that you would like to ask where you have the underlying facts and issues correct? So far, I haven’t seen one though I haven’t read all of your questions, so you may surprise me.

Richard asks…

Are mexican 2 pesos gold coin a decent investment value?

I’ve never bought gold or silver before and I’m thinking starting to buy a few coins here and there to start a very small reserve. The cheapest common gold coins I’ve found online are Mexican 2 pesos for about $88 per coin with $6 shipping. I’ve read that foreign currency coins such as British Sovereigns, French 20 Francs, South African Krugerrands, Austrian 100 Coronas, Mexican 50 Pesos are good values because they cost less per ounce then traditional American Ealges, so you get more gold for your money.

Does the same principle apply for Mexican 2 pesos? Any of the others I mentioned cost $500 or more per coin, and while I may eventually start buying that much, for now all I’m really looking to do is spend an occasional $50-$100, and gather a few coins over time.

I’ve got some other ideas for silver, but as far as gold goes would Mexican 2 pesos be a good way to go?

financi4 answers:

Seems fine to me, it’s good to buy in regular increments so you are automatically dollar-cost averaging your way into the market, which lowers your risk of trying to time the market for a large purchase.

Mexican 2 pesos gold coins are 90% gold, AGW .0482 oz and don’t carry a stiff premium so I say go for it.

Chris asks…

buying silver and gold question?

I’ve been buying silver and gold for a few years now. Bulk us/foreign junk, bars, and some collectible coins that I find interesting. I have a few questions. I check Kitco for my prices. Does the price continue to change in Europe, and on weekends after NY is closed? For example: I’m in Chicago, about 2:00am Sat. looking at Fri close. Will prices be changing in London, and Japan during there business hours? Question #2. I only have about 10oz Gold, but I have about 500oz of silver 1, & 10oz bars. (safe space is becoming an issue). I would like to sell some of the silver, and buy more gold. Is there a math formula to figure the buy, sell to value of each so I’m not screwing myself? I’m not very experienced at any of this. It started as a hobby about 5yrs back, and now that I have seen how much metals have grown I’m more interested. Any help would be great.

Thank you

financi4 answers:

I have been buying my gold at http://www.det.goldfromkb.com you may want to check it out…

William asks…

A question about my coin collection.?

I have an extensive collection of old US and foreign coins and currency. Like a penny from 1823 another one from 1849. I have what I think is a French half dollar (which ever currency they used) from 1842. I have a 2 1/2 cent coin from like 1887 with Polk’s face on the back. I even have a couple Reich Marks that we given to me from my friend who found them (in all places) in the desert of Iraq while fighting in Fallujah. I have many other such rare coins and of course bunches of old dimes, nickles, half and silver dollars, all in good condition.

The main question I have, is there a way for myself to determine the value, in today’s currency, of these coins without going to some “expert” and possibly being screwed over on their real value? And not just coins I have some rare paper currency as well.

financi4 answers:

I would recommend a few books. First, the Red Book that gives retail values for all US coins. Second, the Blue Book that gives wholesale values for all US coins. Third, the Standard Catalog of World Coins which has separate volumes for each century. Fourth, a Guide Book of US Paper Money that give wholesale values for all US paper money. These books are issued annually, and you might be able to find used versions of these at your local library, on Amazon, or elsewhere, but they would give you a good start. They also give you a very brief overview of how to grade your items. I hope this helps.

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