Author Archive: Richard Schwary

Real Answers To Investment Questions With Richard Schwary, president of California Numismatic Investments. Richard is well known in the dealer community for he helped write the $1000 sales tax exception law regarding bullion and rare coin sales within California. He is a long time price contributor to A Guide Book of United States Coins, the premium pricing guide for US coins since 1947. He attends national shows for the latest market information, and was a Director of The Professional Numismatists Guild for more than a decade, serving as President from 1997-1999. http://www.golddealer.com/

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The Rare Coin World of Old Favorites

The Rare Coin World of Old Favorites

By Richard Schwary (www.golddealer.com) ………… Not that long ago well-known coin dealer Ray Merena passed away and I began to think about how many old favorites are not with us anymore. Ray was buying and selling important coins in the 1970’s so we knew each other from the old days. And over the years we […]

Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

By Richard Schwary – California Numismatic Investments The question of what is reportable when buying or selling precious metals is the most popular of all investor questions today at California Numismatic Investments (www.golddealer.com). And as you can tell by the title this commentary is our third revision at understanding what the government had in mind […]

Thinking of Trading Certified Rare Coins for Bullion?

Thinking of Trading Certified Rare Coins for Bullion?

Richard Schwary – California Numismatic Investments The incredible rise in precious metals prices has given more than a few rare coin investors a reason to pause and question their investment strategy. And while this commentary will not be of much interest if you own the rare coins which have moved substantially higher this past decade […]

CPM Group Releases its Gold Yearbook 2012

CPM Group Releases its Gold Yearbook 2012

The much anticipated CPM Group Gold Yearbook 2012 has arrived and once again promises to be a standard reference for both academics and investors as to what is really happening in the precious metals business. Highly recommended : Gold prices continued to rise for the tenth consecutive year, on an annual average basis, during 2011. […]

Protecting Valuables: Commercial Safe or Bank Safe Deposit Box?

Protecting Valuables: Commercial Safe or Bank Safe Deposit Box?

Richard Schwary – California Numismatic Investments Salt Lake City police investigate coin theft from residence / Burglars steal heavy gun safe containing $500,000-plus in coins: This headline along with the sad story was written by Paul Gilkes of Coin World (August 1, 2011). According to the published account the victims were away from their home […]

The Upcoming ANA Coin Show And Bourse Etiquette

The Upcoming ANA Coin Show And Bourse Etiquette

By Richard Schwary – California Numismatic Investments I just finished with the June 2011 copy of The Numismatist, which is the 120th Anniversary Convention Issue, and contains all the important information about the upcoming ANA World’s Fair of Money held August 16-20th of 2011 at the Donald E. Stephens Convention Center in Chicago. There is […]

Gold & Silver PAC update

Gold & Silver PAC update

By Mark Olanoff The House and Senate are back in session after spending time in their home districts last week. As reported earlier both the House and Senate have taken action to repeal the 1099 requirement, however, neither body has agreed on how to pay for the repeal. The repeal has been scored by the Congressional […]

New Books for Coin Collectors

New Books for Coin Collectors

One of the great things about writing is that people send you stuff and at the top of this list are books about coins. So just when you think you have seen most of everything in print a new book brightens the scene. The first is called The Secret History of the First U.S. Mint […]

Coin Doctoring Presents A Moral Imperative to the Coin Industry

Coin Doctoring Presents A Moral Imperative to the Coin Industry

Richard Schwary – California Numismatic Investments It would be a great deal more fun to consider what R.W. Julian has to say about Gobrecht dollars but at this point in time the consideration in front of us is the rather murky numismatic subject called coin doctoring. I have talked with both David Hall of the […]

The latest Gold & Silver PAC Update from Mark Olanoff

The latest Gold & Silver PAC Update from Mark Olanoff

On Thursday afternoon (March 3rd), the House of Representatives voted 314-112 to repeal the 1099 requirement that will go into effect on Jan 1, 2012. The Senate is not likely to take up this legislation. However the disagreement is not over repealing the 1099 requirement it is how to pay for it. When the new […]

Gold & Silver PAC Update and Is Inflation A Problem?

Gold & Silver PAC Update and Is Inflation A Problem?

Gold & Silver PAC update from Mark Olanoff The House and Senate are home in a district work period so now is the time to let your legislators know how you feel on the 1099 issue. Both the Senate and House have taken some action on the 1099 issue. On Feb 2nd , the Senate […]

Numismatic Specialties Are Like Gold in Your Pocket

Numismatic Specialties Are Like Gold in Your Pocket

Richard Schwary – California Numismatic Investment When someone asks what type of rare coins I collect, and what suggestions might be valuable to another person, my advice is almost always the same: The foundation of collecting or investing in numismatics should be based on your personal preferences, so take the time to investigate the many […]

Coin Marketing: Not affiliated with, licensed or endorsed by the US Mint

Coin Marketing: Not affiliated with, licensed or endorsed by the US Mint

By Richard Schwary – California Numismatic Investments How many times have you seen this disclaimer on those cheesy TV ads selling something which looks like a 1929 proof $5 Indian gold piece? And don’t laugh I get a call on something like this once a week. For the record there were never any proof $5 […]

Observations: The Government Reporting Rules and Said Fiasco

Observations: The Government Reporting Rules and Said Fiasco

Richard Schwary – California Numismatic Investments When I was in high school the required book for those who cared about reading was 1984 by George Orwell. In the 1960’s the Cold War posed the real threat of nuclear holocaust and such books were as close as you could get to underground reality in my blue […]

Sell Dad’s Coin Collection And Guarantee You Get The Right Price

Sell Dad’s Coin Collection And Guarantee You Get The Right Price

By Richard Schwary – California Numismatic Investments “My Dad had a coin collection and has since passed on giving the collection to the family. How can I be sure to get full value if we decide to sell?” It is amazing how often I get this Email so a general answer might help everyone: Most […]

How Much Gold Will Fit Into My Safe Deposit Box?

How Much Gold Will Fit Into My Safe Deposit Box?

By Richard Schwary – California Numismatic Investments At first blush this might sound like an odd question but I get this one on occasion, so I did some homework you might find interesting: Most everyone is focused on the price of gold, which is fine but I think there are a number of benefits to […]

Anyone For Real Gold and Silver Circulating Coins?

Anyone For Real Gold and Silver Circulating Coins?

By Richard Schwary, California Numismatic Investments A return to the gold standard and circulating legal tender coins made from real gold and silver has been talked about since we stopped making gold coins for circulation in 1933 and silver coins for circulation in 1964. Behind this talk was the notion that since we stopped making […]

Double Your Money in Rare Coins?

Double Your Money in Rare Coins?

By Richard Schwary – California Numismatic Investments Not too long ago I got an interesting Email: “I’m new to rare coins and I would like you to recommend a rare coin. I want to double my money.” The intonation of the rest of the Email caused me to believe this fellow was sincere and looking […]

Coin Club Profiles: The Token and Medal Society (TAMS)

Coin Club Profiles: The Token and Medal Society (TAMS)

By Richard Schwary – California Numismatic Investments Well if you have not heard of this group don’t feel too bad because it does a great deal of work in one of the more obscure areas of rare coin interest but one of the most interesting. To set you on the right foot however you should […]

Should The Government Regulate Gold In Your IRA Account?

Should The Government Regulate Gold In Your IRA Account?

By Richard Schwary – California Numismatic Investments With my many years of trying to keep the government out of private business I would never believe that I’m actually considering this government regulation on a limited basis. Why? Because there has been a significant and negative change in the way our government can regulate free enterprise […]

Commentary: Storing Your Gold Outside the United States

Commentary: Storing Your Gold Outside the United States

By Richard Schwary – California Numismatic Investments The  Heresy – It is amazing to me how many people ask about storing gold overseas. To me this is one of those crack-pot notions that were introduced along with dried food for the coming apocalypse back in the gold rush days of the 1970’s. So the idea […]

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