To know the actual value of Numis Network Coins I want to begin with a short history lesson!
You’ve probably heard about the California Gold Rush of 1849. Basically when gold was first found in California people flocked from all over the USA to get their hands on their share of the gold. At first there were no laws of ownership of the land, or the gold beneath it, so the Gold was totally free to take! Over time this changed and ownership was placed on the precious metals found underground.
In 1933 it became illegal to trade Gold in all forms, except for jewellery and collectors‘ coins. This was done to prevent the hoarding of bullion and the unlawful acquisition and trading of Gold. Gold has always been viewed as a special, valuable metal and trading valuable metals is extremely closely regulated.
In 1934 the Gold Reserve Act was approved, which actually prevented any US residents from hoarding bullion. Individuals owning gold had to sell it to the united states treasury!
A long time later in 1986 the United states govt issued a new law known as the Liberty Coin Act. This offered Us citizens a means of collecting special and valuable metals as collectors‘ coins. This meant that US citizens could once again own Silver and gold, which have always been considered as very valuable assets.
Numis Network distributes the best grade, MS70 Silver Numismatic Coins. These coins are manufactured in government mints worldwide. They are guaranteed for both purity and weight of silver they contain.
There’s, however, an important difference between Bullion and Numismatic coins which you need to understand. Let me to explain with an example:
If you owned an MS70 Silver American Eagle Coin from 1986 then how much is it really worth? Well the coin’s value is actually $1! It’s a $1 coin! If you walked into a shop it wouldn’t purchase you anything further than a $1 note would!
However, value of the ungraded Silver is actually 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 are considering an MS70 graded silver coin. A 1986 graded and licensed MS70 silver eagle coin may 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 to be produced and is in high demand!
All Numis silver coins are the top MS70 graded silver and some are regarded as quite rare as well.
If you’re intrigued and need to learn more about the Numis Network Coins then please follow the link below: Numis Coin of the month club.