Meridian Coin & Meridian Arms will be open: Monday November 21st – Wednesday November 23rd at regular hours of 10:00 am – 5:00 pm. For the Thanksgiving holiday, we will be closed: Thursday November 24th – Saturday November 26th. We will resume our regular lobby hours on Tuesday November 29th. We hope […]
This Monday October 24th 2016, Meridian Coin and Meridian Arms will be closed. Starting the following Monday, October 31st 2016, Mondays will be by appointment only. Appointments must be set up 72 hours in advance or the Thursday prior. Please give us a call or send us an email to confirm an appointment time on […]
A generic article about the 1970 Washington Quarter and how it could be worth many thousands of dollars. And believe us, we have many phone calls rolling in about their 1970 quarter they found in pocket change.
It’s that time of year… one of the popular television stations has aired a program talking about the incorrect metal errors of 1943 and 1944. In 1943, the Lincoln Cent was minted in zinc-plated steel to save copper for shells to be used in the war effort. A total of 500,000,000 were minted that year, about right for that period of mintage. They are totally common. If you have a Lincoln Wheat Cent dated 1943 that is a gray or silvery color, it is almost certainly common. I have a few in the bargain bin that have been reprocessed (replated) by a telemarketing company I will gladly sell you for $0.10 each (that’s 10 cents).
The news about Harriet Tubman making the $20 Bill is an exciting for the numismatic community. No matter what your opinion on the forthcoming change, what we have is a new National conversation kicking into high gear that is all about the $20 Bill. As a numismatist, that has me pretty excited.
Along with coins and paper money, Meridian Coin is a competitive buyer of jewelry- both whole items and scrap! Bring in any unwanted or unused pieces today and walk out with a check in hand- We pay strong prices for these precious metals!
Meridian Coin is constantly involved in the rare coin and precious metals marketplace. Aside from the institutional level and investor level analytical information that we, like other interested parties, review; we also get the benefit of seeing consumer sentiment from the street level due to our brick and mortar coin shop. As 2016 gets ready to begin, we have developed our own view of what we think is more likely than not to be the general trend over the year. Please keep in mind that we are in no way in possession of a crystal ball and we fully reserve the right to blatantly state that we were wrong and you never should have listened to us. But, we do believe that there are some macro trends that are developing in both the rare coin and precious metals markets.
There is no question that being engaged in the lovely trade of numismatics is going to expose one to numerous types and degrees of counterfeit coins. These counterfeits can range from the completely obvious to the advanced and deceiving. The novice person is usually astounded at how easily the trained eye can catch counterfeits but there are some standard features and tricks that the interested can learn to apply quickly.
For quite some time I have thought that gold prices should trend downwards towards the $1,000 to $1,100 per ounce mark, with the potential for panic selling and paper trading to cause prices to dip below the $1,000 per ounce mark. This has been my opinion since the end of the first quarter of 2014 and I have shared that opinion amongst investors, collectors and casual acquaintances here at our store. For 2014, the trading range has been from a low of $1220 in January of 2014 to a high of approximately $1,380 in March of 2014. I believe that prices would have trended down sooner but we have had a few instances in the news, both domestic and geopolitical, that have been, uhhhhh, been somewhat serious. There was the missing Malaysian airline, the Malaysian airliner shot down over Ukraine due to a war that has started between Ukraine and Russia, there was the rise of ISIS, there were the race riots of Ferguson, Mo. and of course the continuing Ebola crisis. Through all of these events, and many more, gold has at times shot up a percent or two, but nothing dramatic.
We are please to announce that Meridian Coin has won “Best of the South Bay 2013” for the category of Antiques/Collectibles. This is very exciting for us and we appreciate all the help from everyone that voted to make this possible! After over a decade of trading rare coins and other collectibles on the national rare coin circuit, it was the vision of David Cloyed to open a coin shop that would really redefine a retail space for numismatics, antiques, collectibles, etc. After 6 years in the area as an appointment only office above ETrade, at the intersection of Torrance & Hawthorne, it makes us very proud to have won this designation in our first year of retail operation. Thank you again to all that deserve it. Furthermore, for all those looking for a place to buy/sell coins, coin collections, antiques, rare Americana, paper money, firearms and anything else exceedingly interesting, Meridian Coin is definitely a place you should at visit to get our no hassle and free evaluations and/or pricing.
As much as I love the daily calls inquiring about how much the 1795,1796, 1804, 1848-CC, the ridiculously large Washington Head dollar (my favorite) and other wonderful rarities are worth, I have decided it is time to put this stuff out there so many of you can quickly discern whether your coins (that you most likely bought for $25 with a vision of selling for $250,000) are real or counterfeit. There is an enormous amount of counterfeit coins circulating around the Los Angeles area, and truthfully in the world. While I am not going to get into hardcore counterfeiting techniques and the different methods in this article, I am going to show you a few basic characteristics of the coins that I see, and get called about, on a daily basis.