Below you'll find a few common questions asked of Rare Coins of New Hampshire.  If you're questions are not answered on this page, please feel free to click the Contact Us tab and fill out the contact form at the bottom of the page and we'll gladly get back to you with the best possible answer.

FAQs

Spider FAQ
  • Mailing and/or Returning Items
  • 1. How do I mail or return items to Rare Coins of New Hampshire?

    Instructions for Shipping

    Precious Metals & Numismatics Through

    USPS INSURED/REGISTERED Mail Service

    Please follow these instructions when shipping precious metals or numismatics to us:

    PLEASE CALL OUR OFFICE TO NOTIFY US BEFORE MAILING ANYTHING TO RCNH.

    1.)  Ship precious metals and numismatics via U.S. Postal Service:

    USPS Insured - for values under $1,000.00.

    USPS Registered - for values $1,000.00 and up to $25,000.

    2.)  ONLY SHIP ITEMS TO US IN A BOX!  DO NOT SHIP IN AN ENVELOPE!

    3.) Be sure to include a packing list with: your name, address, phone number and an itemized list of every item in the box.  Please keep a copy of this list for your own records.  Include values, if known.

    4.)  You can use newspaper, bubblepack, or similar packing materials in the box to protect your items.

    5.)  Registered packages require that all of the seams on the box be covered in brown paper tape.  If mailing in a Priority Flat Rate Box, please DO NOT cover the words “Flat Rate” on the box with brown paper tape.

    6.)  Ship packages to:

    R.C.N.H., Inc.

    P.O. Box 720

    Milford, NH 03055

    7.)  Please call your representative when your package has been shipped.  We in turn will call you when your package has arrived.

    Broken Coin Holder

    This was sent in an envelope and even though this was insured, the Post Office won't cover the damages because it wasn't properly packaged.  This is why items should be sent to RCNH in a box.

     Call us at: 1-800-225-7264

  • Bullion Questions
  • 1. I can't find bullion for sale on your website, how do I order?

    Although Rare Coins of New Hampshire does not maintain in-house inventory of bullion products, we are able to acquire them for our clients as need dictates and at very competitive prices. Due to the volatile nature of these markets, we require good funds on hand in the form of cleared check, certified funds, or via wire transfer before we are able to “lock in” a price for you at any given time. Credit cards are not accepted for bullion transactions. Once we have good funds in our possession we are able to purchase for you at your discretion, not ours.

    We ask a very small service charge over our wholesale cost, usually in the amount of 1% for gold and 2% for silver transactions. The only other fee involved is that of the postage cost involved in sending your package to you and varies depending on the weight and value. This charge ranges from $5-25 for most orders, particularly heavy or valuable deliveries may be more. We ship through the U.S. Postal Service and all packages are discreetly marked for purposes of confidentiality and fully insured for safety.

    If you would like to discuss bullion ownership in more detail or to request information on ordering please call us at 800-225-7264 and speak with one of our numismatists who will be glad to answer any questions you may have.

  • 2. Do you offer bullion services?

    Absolutely! Many of our clients utilize gold and silver bullion as a necessary component to their diversified hard asset portfolio. Whether as a hedge against a soft economy, to profit from underlying moves in the price of the metal itself, or just because the coins are beautiful, the reasons for ownership are many.

     

    Our core business focuses on numismatic coins, meaning those whose price is determined by their rarity, condition, and collector demand. A 1916 Standing Liberty Quarter, the key date of the series contains approximately seventy five cents worth of silver yet is usually worth anywhere from $1000 to well over $20,000 depending on its condition. A rare date $20 Saint Gaudens contains just under one ounce of gold and can also be worth many thousands of dollars. Changes in precious metal values have a relatively negligible effect of the prices of such items.

     

    Bullion on the other hand refers to gold, silver and platinum coins or bars whose value is directly tied to the price of the underlying metal they are composed of. If gold fluctuates by $5 on any given day for instance, one ounce gold bullion products will move accordingly. These items are not rare, nor particularly collectable and thus maintain very little premium over their intrinsic value.

     

    The most commonly traded forms of gold bullion are American Gold Eagles which come in coin form and are available in weights of one, half, quarter and tenth ounce denominations. These are 92% pure or 22 carat gold. Usually the smaller the denomination, the higher the premium and thus the less gold you will be getting for your dollar. Smaller denominations however can come in handy for those who may be in need of small change or even as great gift items.

     

    The Canadian Mint produces Maple Leaves which come in the same denominations as the Gold Eagles described above with the primary difference being that they are 99.99% or 24 carat pure gold.

     

    In addition, numerous manufacturers produce gold bullion in bar form, usually in weights of one and ten ounces. It is important to own bars made by widely recognized refiners such as Credit Suisse, Johnson-Matthey or Englehard and that they be a minimum of 99.9% purity.

     

    All of these items are comparably priced with each other in relation to the price of gold, and recently have been hovering at close to $15 over spot. Neither really has an advantage over the other in terms of investment potential, ownership is really just a matter of preference.

     

    The most commonly traded form of silver bullion are American Silver Eagles which are about the size of a silver dollar and contain one ounce of 99.9% pure silver. These are very popular as a form of silver ownership and also make great gift items. There are certain refining and manufacturing costs involved in the production of Silver Eagles which is passed along to the end user, usually resulting in their price running about $1.75 over the spot price of silver.

     

    Various manufacturers also produce silver bullion in bar form, usually in weights of one, ten and one hundred ounces. It is important to own bars made by widely recognized refiners such as Johnson-Matthey or Englehard and that they be a minimum of 99.9% purity. These bars often trade at prices much closer to spot than the Silver Eagles, often just a few cents over as they are treated more as a bulk item and have smaller production costs involved.

     

    Please note, certain marketers send these items to third party certification services whereupon they are encapsulated in a tamper proof holder and assigned a technical grade. These sellers may then offer them at inflated prices while extolling the virtues of these rarities which are now officially bestowed with super high grade designations such as Mint State or Proof-69. Understand that these are not rare, as a matter of fact the vast majority exist in this approximate condition due to strict production standards. It is our opinion that this is a poor form of bullion ownership and that you will be better served by ignoring these products. Except in very rare cases, certifying bullion does not increase the value and any premium paid at the time of purchase will usually be completely lost when it comes time to sell.

     

  • 3. Where can I find the most recent spot prices for gold, silver and platinum?

News

RCNH Monthly Newsletter: April 2018

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

The 2018 Baltimore Show
By Warren Mills

Welcome to the April issue of The Rare Coin Enthusiast.  I recently attended the Whitman Coin Show in Baltimore.  Many flights were cancelled due to inclement weather, but I was lucky enough to make it to the show.  About 15% of the dealers weren’t able to fly in, so the tables weren’t full.  I’m not sure why, but it worked as a plus it seems, because we were able to pick up a fair amount of coins.  Activity was brisk with many aggressive buyers.  If sellers were realistic with their prices, coins sold.  We filled many want lists and anything really expensive sold immediately.
 
I had about twenty-five auction lots to check for customers, to see if the coins were worthy of placing bids on.  About half of the coins were fine, with a couple of very P.Q. examples.  The coins we labeled as the choicest pieces brought incredibly strong prices.  One example that comes to mind was a very fresh, lustrous and original 1925-D Saint Gaudens in MS-64 PCGS CAC.  My bid was $23,000 plus the 20% buyer’s fee which would mean that the price to me would be $27,600.  I did not label the coin as an upgrade, but it was a very fresh and lustrous example.  Could it 64+ on its attributes?  I guess so, but it really was just a very nice 64.  I felt it was worthy of a premium bid due to the fact that a knowledgeable buyer would recognize the true value of the coin.  The Greysheet bid is $13,500, CCE high bid is $11,500, the high CAC bid is $18,000 and the PCGS Retail Price Guide is $17,000.  When you look at the numbers, it seems that $27,600 is absurd.  Then look at the CAC wholesale bid and compare it to the PCGS Retail Price Guide!  Why the discrepancy?  For the most part, the price guide reflects a coin that may be low end to average for the grade at best!  Also, certain denominations may have price guide numbers that are way too low, way too high or close to accurate numbers.  At best, you have a rough retail price for a low end coin to mid range coin.  On rarer issues, which seldom come onto the market, you have to go by your gut.  This coin was so fresh and original, but not an upgrade in my opinion, that I felt was worthy of a premium bid.  It finally sold, including the buyer’s premium, for over $32,000.  The CCE bid in MS-65 is $50,000 and the CAC bid in MS-65 is $100,000.  In this business, the most knowledgeable buyers are setting the prices.  Also, look at the differences between CAC and non-CAC issues for the same coin in the same grade!  It really is astonishing.
 
Public attendance at the show was so-so, but those people that came were there with a purpose to buy.  Overall, auction prices for the nicest coins were super strong.  Demand at the show was strong and if things really break right we could be in the beginning of a resurgence in the coin market.  If people gain a better understanding of the difference between low-end and high-end coins for the grade, watch out!
 
Finally, Lou spoke to a knowledgeable buyer last week.  He said he will complete his sets with coins that may not be CAC’d and CAC them later.  To me, this is puzzling.  It’s a good strategy if everything you buy is at a cheap price and then it CACs.  If however, you are paying high prices for non-CAC coins and they don’t work at CAC, you are taking a giant risk.  I would say it’s not worth it.
 
 
Thanks,
 
Warren


Partner and owner of Rare Coins of New Hampshire, Inc. since June, 1990 and a full time coin dealer since 1979.  Warren is a full member of the Professional Numismatists Guild and a life member of the American Numismatic Association.  He was selected by the Rosen Numismatic Advisory as one of the ten leading numismatists in the country for twelve consecutive years.  He was selected by PCGS and written up in their newsletter as handling and submitting some of the nicest coins they have ever seen.


Is CAC Worth The Money?

By Joe Presti 

Are you skeptical of CAC?  Well, we were cautious of CAC when they first started 10 years ago.  After all, we have seen a lot of new numismatic enterprises come and go over the years.  So before we fully embraced CAC, we wanted to see what the product looked like and judge if they were “real.” 

We are glad to say that after a short period of time we were convinced that CAC was the real thing by offering an extra layer of protection for anyone buying coins.  Not that we questioned our credentials and ability to grade coins, but our goal is to always minimize the risk to our clients.  So if we can sell coins that are top end for the grade, we will do it and have done it since our inception.  Even after 10 years of CAC’s existence, we still hear an occasional dealer say that it is a scam, a collector just doesn’t believe in it or that someone really doesn’t want to spend the $14 to submit their coin.  Ridiculous.

At the recent Baltimore Coin Convention, we looked at 17 lots of gold coins for potential inventory or client acquisition.  Some we chose to bid on, others we did not.  The coins were all CAC stickered and ranged from $2.50 Liberty to $20 Saints in grades from MS-62 to MS-65.  Nothing extremely rare, but some common dates to scarcer coins were bid on.  The PCGS Price Guide, which is basically a retail price sheet, lists the coins anywhere from $1,900 to $17,000 each. 

In the end, the coins all sold for more than we could justify paying for.  Since we have an obligation to our clients to provide nice accurately graded coins, we also feel obligated to provide good value.  And the final selling prices of these coins exceeded what we felt was good value.  The reasons could vary from a collector wanting to fill an empty spot in their collection, to a dealer feeling that the coin is an upgrade shot.

You will notice that I have not mentioned the Coin Dealer Newsletter (Greysheet) in my discussion.  That is simple, you cannot buy accurately graded coins at Greysheet levels, and if you think you can you are fooling yourself.  I just wish that the publishers of the Greysheet would recognize this and not be so reluctant about raising bid levels.

When the auction was over, the coins we wanted to bid on had a Greysheet bid total of $118,920, a PCGS Price Guide total of $145,950 and sold for $221,700.  That represents a premium of 52% over the PCGS Price Guide and a whopping 86% over the Greysheet.  I will leave it to you, is CAC worth the premium?  There is a reason CAC coins consistently bring higher and sometimes much higher prices than non-CAC stickered coins, overall they are generally better coins.

If you think I have salted this article by cherry picking only the coins with the biggest discrepancy, then please do your own research.  Go to any auction, pick any series and compare auction prices realized for the same coin, same grade, CAC and non-CAC.  Then let me know the results.

If you are interested in having your coins submitted to CAC, we will be happy to do that for you at our cost.  We will even sit with you, examine your coins and advise which coins we feel are worthy of submission.  As always if you have coins to sell please, please, please think of RCNH when you want to liquidate.


They Did The Right Thing
By Dave Carleton

I like to write about how my interest in coins has been a constant thread in my life.  Obviously coming to the same office in the People’s United Bank Building for the last 30 years is a constant thread, but the coin related stories and occurrences outside the office are constantly happening. It seems that whenever it comes out that I’m involved in numismatics, someone has an interesting tale of coins they’ve found or coins they’ve lost.

Recently, I met a gentleman that told me an interesting story of how he got started with the coin collecting hobby.  Apparently, when he was a young man back in 1972 he worked at a bowling alley, where one of his duties was to take the change out of all the pinball machines and other arcade games. One day a group of three young men were having a grand old time playing all the various games for what seemed like hours.  After they left he went over to one of the machines to check the coin container, thinking that it must be quite full because the boys had played it the most.  When he dumped out the coins, he immediately noticed that something was different.  They sounded different and had a different look than what he usually finds in the machines.  Upon closer scrutiny he realized that all of the coins were pre-1965 silver coins.  While he was examining the coins, he became aware of the various dates and then determined that all of the dates were consecutive. He then went around to the other machines and found basically the same thing.

He knew something wasn’t right so he went to his boss, the owner of the bowling alley, and showed him what he had found.  His boss told him right off the bat that it was someone’s coin collection and that they needed to find out who the owner was.  It seems that the owner of the establishment knew who one of the boys was and called his father.  Sure enough, the boys had taken several Washington Quarter and Mercury Dime sets and spent the coins at the bowling alley.

The way the story ended was that the owner of the coin collection was so happy to get his coins back that he offered both the owner and my story teller a reward of several coins from that collection. That was it, the seed was planted and my story teller was off on a 45 year numismatic journey.  This journey by the way has been a remarkable one according to my story teller.

I thought I’d share this story as it was fresh and told to me last week. This is just another reason why I love coins!

Dave


David Carleton, a New Hampshire native was introduced to coin collecting by his father and Grandfather in the 50’s. Gold bullion speculation dominated the 70’s culminating in 1980 when focus on Numismatics returned. He became a life member of the ANA , met Warren Mills  (his coin Guru) and they cofounded RCNH in 1990.


This Is Why We Wait 10 Business Days For Checks To Clear

By Joe Presti

When I saw this short video I said to myself, “Perfect, maybe now people will understand.”

For years we have had a policy of waiting 10 business days for checks of any kind to clear before we will ship product to a customer.  Despite our explanations people would still call us and want to know why the check has cleared their bank and why we won’t send their bullion or coins.

All I can say is watch this video and you will have a better understanding of why we have this policy in place.


https://www.yahoo.com/news/family-stuck-paying-loan-pickup-173040209.html


Questions From Our Mail Bag

By Warren Mills
 
D.T. emailed us the following question:
 

"I’ve been collecting for several decades and have accumulated some coins that have been certified by ANACS.  I want to maintain maximum value when I sell.  Is it best to keep them in their current ANACS holders or try to cross them over to PCGS or NGC?"   - D.T.
 
Thanks D.T.
 
Old timers like us always feel that the coin should carry its own weight regardless of the holder that it is in.  However, that is not true now!  For over three decades, people have been conditioned to think more about PCGS or NGC.  Why?  Because they have a strong dealer network of buyers, and the retail end user clamors for them.  ANACS does a great job of authenticating coins and like all of the other services, they have high-end and low-end coins slabbed in their holders.  However, ANACS just doesn’t have anywhere near the support network that PCGS and NGC has.  Just check the auction results for these services and compare the prices.  Also, look at how infrequently you see really expensive coins in ANACS holders.  PCGS and NGC have a virtual lock on this market.  So if you want maximum value when you sell, yes by all means cross them over.
 
Please keep your questions coming.
 
Thank you,
 
Warren


 

 

 

 

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