COINS/BULLION/CURRENCY WE BUY - SELL COINS IN CT
90% Silver Coins
40% Silver coins
$5 Half Eagles
$3 Gold Piece
Three Cent Pieces
Silver Half Dollars
LIVE GOLD/SILVER/PLATINUM PRICES.
U.S. COIN HISTORY - SELL COINS IN CT
Most coins presently are made of a base metal, and their value comes from their status as fiat money. This means that the value of the coin is decreed by government fiat (law), and thus is determined by the free market only as national currencies are subjected to arbitrage in international trade. This causes such coins to be monetary tokens in the same sense that paper currency is, when the paper currency is not backed directly by metal, but rather by a government guarantee of international exchange of goods or services. Some have suggested that such coins not be considered to be “true coins” (see below). However, because fiat money is backed by government guarantee of a certain amount of goods and services, where the value of this is in turn determined by free market currency exchange rates, similar to the case for the international market exchange values which determines the value of metals which back commodity money, in practice there is very little economic difference between the two types of money (types of currencies).