Monday, January 11, 2021

Numismatics and Silver Stacking

 Thought I'd share on something less financially serious but more of a hobby. In recent years, I got interested in collecting coins, silver, gold and currency notes. Most people would associate this with what the older generation folks used to do or are still doing.

Numismatics is the study or collection of currency, including coins, tokens, paper money and related objects. Nowadays, whenever I receive my change, I would take a second glance to check for error notes/coins as well as special serial numbers. When silver/gold coins are minted in limited quantities, I would also look to get them and send them for grading by a third-party coin-grading service such as NGC or PCGS. The highest grade that a coin/note can receive is 70 which states that it is Gem Uncirculated and there are no flaws that can be seen under x5 magnification.

For me, the act/hobby of collecting and accumulating precious metal coins and currency notes serves as a type of hedge. One is liquidity and I am able to use the notes for their face value. Two, silver and gold often serves as a hedge against inflation and they are a store a value, though they do not pay out/generate income.

If you are interested to see the items I have for sale, you can take a look at my listings here! There are other collectibles apart from coins and notes.

If you are a fellow silverbug/silver stacker, check out our merch store here! There might be something you are interested in!

PSA, if you missed out last year, Google Pay will give you $3 cashback after your first transaction. Use it to transfer money to your family and friends weekly to earn more! Click here to get started!

Let me know your thoughts and comments on numismatics and such hobbies!

SG FI Dad, out.

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