Collecting of coins or other forms of minted legal tender has been a popular hobby for probably as long as coins have been around. Of particular interest to most collectors are coins that have been circulated for only a brief time thus making them more scarce, coins with mint errors or other irregularities, exceptionally beautiful coins, or coins with certain historical significance.

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The stock market – it makes people millionaires or homeless and everything in between. We’ve all heard the “high risk, high reward” phrase. Conversely, there is also the “low risk, low reward” school of thought. Some people know how to play the investment game very well, while others just spin the wheel and hope for the best. Wherever one may be on this sliding scale, the odds of success or failure are tied to countless variables, many of which exist outside the control of the individuals playing the game.

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The pattern is quite predictable. Uncertainty and instability, whether economic, social or political, drive up the price of precious metals. This is a historic fact. Much like an archeologist can look at ancient sedimentary strata and infer that certain things happened relative to the composition of these layers; we can look at a precious metal chart alone and verify that peaks in the graph indeed correspond to various geopolitical commotions that occurred at those points in time.

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The negative economic impact resulting from events that have transpired within the last six months has been tremendous. An unprecedented closure of the economy has caused irreparable harm to small businesses across the country, forcing many to shutter their doors for good. Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession. Yet despite the pandemic, Amazon doubled its net profit year over year to $5.2 billion, compared to $2.6 billion at this time in 2019. So what’s wrong with this picture?

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Metro Pawn & Gun deals with a wide variety of collectible coins and other rare currencies. Coins may be made of precious metals or more common materials. Their values are based on their scarcity, composition and condition.

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The COVID crisis we are experiencing is unprecedented in modern times. Aside from the human toll in fatalities, it has affected nearly every aspect of life as we know it. From government mandated lock-downs to economic disruption on a global scale, it has exposed the true frailty of the engines that power our world. The prosperity of a functioning society is not simply defined by a monetary equation. Fluctuations and elasticity are an inherent part of such a system and typically weathered in stride. But when the life fabric of life is stretched beyond the breaking point, it’s wise to prepare for a potentially unfavorable outcome.

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Looking at the past year, we continue to see appreciation of precious metals across the board. Within the past 12 months, gold went from a low of $1270 per ounce to $1574 per ounce currently. Silver experienced its lowest price of the past year at $14.34 per ounce to its highest of $19.57 per ounce. Platinum soared from around $785 per ounce in January of 2019 to around $1015 per ounce in January of 2020.

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At Metro Pawn & Gun are big fans of collectible coins, coins made of precious metals, and other rare coins and currencies. Coins from around the world and throughout the ages are not only valuable, but each one carries along its own chapter of history from the era during which it was created. Can you imagine where a penny minted during World War II may have been? Or a Morgan silver dollar from 1921, steeped in history and witness to events that shaped our world. We stock silver quarters and dimes, WWII nickels and pennies, and innumerable other numismatic treasures. We are always on the lookout for rare coins you may want to sell or pawn.

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The world is far from a peaceful, stable place. Geopolitical tensions seem to increase, and then subside, but most every storm has been weathered to some extent or another. Those that believe this to be as cyclical as the weather will allude to the fact that every generation has faced its own set of crises, many of which may have been worse than current events, only to have prevailed and come out stronger as a result. And although this is true, if one examines the broader story arc of where things are going, the big picture does raise some concern.

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We all know that pawn shops, ours included, deal in many common commodities. There are firearms, coins, jewelry, tools, home electronics, car audio and many other products you would expect to find at a pawn shop. But one of the most interesting things is that our inventory is always in motion, and by the very nature of a business like this, we sometimes come across unique items that do not fit into our general product categorization.

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