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Wake Forest Coins
United States, World, and Ancient Coins Bought and Sold

352 South White Street in historic downtown Wake Forest, North Carolina.
We are just up the street from Shorty's and across from the SunTrust Bank (in the
old Fire House).
Office open Tuesday, June 30th through Saturday, July 4th
10 AM to 4 PM or later...
(919) 556 8300
email: George@wakeforestcoins.com
View Larger Map
We Buy and Sell Silver and Gold
The precious metals market is hot!
Collectors, bring your duplicates, damaged, low grade coins in and exchange them for
cash.
Highest prices paid for rare coins and paper money!
Buying scrap gold. We buy broken, damaged, unused
jewelry, old wedding bands, class rings.
Want to own gold or silver? Come on in. Today's markets offer profitable
investments in rare coins and precious metals.
We have quite a few United States, World,
and Ancient coins in stock. We keep most of them in safety deposit boxes at the
bank.
We have a nice selection of coins at the office including the current year (2009) US
Eagles.

We also have a few books and supplies for the coin collector.
My inventory of nice coins turns over
quickly so I find updating the photos and descriptions on the web too time consuming.
Also, I find that no matter how well the photos are taken, there is no substitute
for a visual examination. So, I'm going to try something new and list a few items
without pictures.
We'll see how well this works. Please call or write ahead to see them at the office
or see me at the coin shows! Link for schedule below.
Inventory links:
United
States Coins, Tokens, and Medals
US Civil War
Slavery and Black Americana
Slave Badges
4 badges now in stock
World
Coins, Tokens, and Medals a few new gold coins
Coins of
Ancient Greece
Roman Coins
Medals by Karl
Goetz
More categories someday.
Information:
Terms and Conditions
of Sale and How to Order
Wanted to Buy and Information Needed
Coin Show Schedule
Links
3/3/9 Strong demand remains for
physical gold. Well selected gold coins will outperform common bullion
products. The current high premiums for common gold Eagles, Maple Leafs, and
Krugerrands allow astute collectors a buying opportunity. Many low mintage,
attractive gold coins are available for a few more dollars to the ounce.
2/23/9 Gold parties are the
latest fad among gold buyers. Hostess make hundreds and everyone is happy. Be
careful, it is not safe. What if someone brings a pistol to the gold party to
collect gold and cash from the hostess and her friends. The hostess takes the risks
and the sponsor makes the money.
1/30/9 Ed McMahn and
MC Hammer will shill for Cash4Gold during the Superbowl this Sunday. Does Ed have any credibility
after Publishers Clearing House? How's Hammer done with the millions he
earned? Are you willing to accept financial advice from this pair? Obtain a
free quote from Wake Forest Coins before you are tempted to mail away your valuables.
How much does a SuperBowl ad cost?
1/20/9 A new day dawns
in America. We all should be very pleased to have at the helm of this great republic
a superbly qualified law professor and former US Senator who is so well grounded in our
country's founding documents. Even more amazing is the enthusiasm for a
better America that he has harnessed.
President Obama is asking for our help. I am willing to pitch in with the best I've
got to help the economic recovery.
An open letter to President Obama,
I hereby give up all claims to a bailout from the US Congress. I run a business on
Main Street (actually White Street) right across the street from a bank that recently
received a $3 billion check from Congress. So, I know Congress is working in my
neighborhood and will get to me in a few weeks. But, hey! I'll do my
part....just skip over me. There, I feel better. Thanks.
Now, if I could ask a small favor in return. I know you have read this
before, so I quote from Article I, Section 8, of the US
Constitution for the benefit of readers who may not be as familiar with the words of our
founders.
"The Congress shall have
power.......To coin Money, regulate the Value thereof, and of foreign Coin, and fix the
Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the
United States;..............."
The founders intended Congress to "coin Money". Benjamin Franklin printed
paper money with his name on it as early as 1731 and as late as 1760 for use by the State
of Pennsylvania. Hall and Sellers (successors to Franklin and Hall) printed paper
money (Continental Currency) as the first federally issued money in June of 1775.
The founding fathers clearly knew the difference between coins and paper money and had a
use for both. See Franklin's letter of July 3, 1784 to Felix Frecon, about
"money of account".
There currently exists a shortage of gold and silver coins 
in the market that is causing unsustainable and unfair premiums
in the purchase price of common US gold and silver coins. The US Mint is not meeting
demand. Why? I don't know. Conspiracy theories abound.
Also, please consider the charge to "regulate the Value thereof". How
about a US law that prohibits the states and the federal government from collecting sales
taxes on the purchase of US Mint products? The combination of high
premiums and sales taxes on lawful money of the United States is hard to reconcile with
the apparent intent of the founders.
So, President Obama, please include in your upcoming economic recovery package a
reminder to Congress about their responsibilities in Article I, Section 8 to "...To coin Money, regulate the Value thereof..."
Thanks, again.
George
1/12/9 Can you say "President
Barack Obama"? For all the political discussion about
"change", whether Democrat, Republican, or not, this is a change we all can see.
11/29/8 Baltimore was a big
success. Many of the dealers reported "better than expected". I
sold most of the gold and silver I had in stock (Still have 2008 quarters and tenths in
gold and a small supply of 2008 silver Eagles for my store customers). US Eagles and
older common US gold was selling at premiums at the show. Will end soon, when the
new gold hoarders realize the spreads are not sustainable. Too many choices in
bullion related products. For example, NGC MS 63 Saint Gaudens are common coins.
Trading easily at $1050 at the show. Roughly $300 / ounce over gold.
Can you hear the air coming out? sss.... historic premium $100 or less.
11/11/8 First, a big Thank You to
all the Veterans! Freedom isn't free. Thanks, again.
President-Elect Obama goes to Washington with Michele and the children to tour the White
House. Governor Palin returns to Alaska. The world watches. Did you see
the AIG bailout (round 2)? They took the money from the failed mortgage program and
gave it to the bookies at AIG. Peter to pay Paul. Too little, too late, to
help the global markets. Why is there no genuine bipartisan support for massive
public works programs? An economic stimulus package that encourages consumption
won't help. Our roads, bridges, water plants, airports, schools, ports, power
plants, railroads, and environment protection need much labor and capital
investment. To hell with rebuilding Iraq, let's pour some concrete at home.
10/24/8 Two
things on my mind this morning...first, the s tearing up Wall Street and the global
markets. Wow!
Second, the appearance yesterday of Alan Greenspan before the House Oversight
Committee. Mr. Greenspan, 82, former Chairman of the Board of Governors of the
Federal Reserve System for nearly two decades, denied the ongoing meltdown of the world's
economy was his fault. Greenspan warned that stabilization in housing prices would
take "many months". He proposed the government "should consider
tougher regulations". Greenspan, who served as Fed chairman over the longest
economic boom in our country's history, also testified he had made a "mistake"
in believing that banks, operating in their own self interest, would do what was necessary
to protect their shareholders and institutions." Greenspan called that "a
flaw in the model"...that defines how the world works. Amazing! The icon
of the free market economy on Wall Street, the former chairman of the board of the biggest
bank in world history blames the banks he supervised! Asleep at the
switch? Fox in the henhouse? Head up his...? You call it. Chairman
of the Board! Greenspan said he was "shocked" by the failure of banking
officials to protect their shareholders from their bad loan decisions.
From Wikipedia, an article titled "Federal Reserve System"
http://en.wikipedia.org/wiki/Federal_Reserve_System
Government regulation and supervision
The Board of Governors is the part of the Federal Reserve System that is
responsible for supervising the private banks. A general description of the types of
regulation and supervision involved is given by the Federal Reserve:[11]
- The Board also plays a major role in the supervision and regulation of the U.S. banking
system. It has supervisory responsibilities for state-chartered banks
that are members of the Federal Reserve System, bank holding companies
(companies that control banks), the foreign activities of member banks, the U.S.
activities of foreign banks, and Edge Act and agreement
corporations (limited-purpose institutions that engage in a foreign banking business).
The Board and, under delegated authority, the Federal Reserve Banks, supervise
approximately 900 state
member banks and 5,000 bank holding companies. Other
federal agencies also serve as the primary federal supervisors of commercial banks; the Office of
the Comptroller of the Currency supervises national banks, and the Federal Deposit
Insurance Corporation supervises state banks that are not members of the
Federal Reserve System.
- Some regulations issued by the Board apply to the entire banking industry, whereas
others apply only to member banks, that is, state banks that have chosen to join
the Federal Reserve System and national banks, which by law must be members of the System.
The Board also issues regulations to carry out major federal laws governing consumer
credit protection, such as the Truth in Lending, Equal Credit Opportunity,
and Home Mortgage Disclosure
Acts. Many of these consumer protection regulations apply to various lenders outside
the banking industry as well as to banks.
- Members of the Board of Governors are in continual contact with other policy makers in
government. They frequently testify before congressional committees
on the economy, monetary policy, banking
supervision and regulation, consumer credit protection, financial
markets, and other matters.
- The Board has regular contact with members of the Presidents Council of Economic
Advisers and other key economic officials. The Chairman also meets from time to time
with the President of the United
States and has regular meetings with the Secretary of the Treasury.
The Chairman has formal responsibilities in the international arena as well.
All this would be very humorous if it not translate directly to
misery in the Third World (also, the third world neighborhoods in the United States).
Every down tick in the capital markets means people will die prematurely from lack
of access to clean air, safe drinking water, and an uncontaminated food supply.
10/21/8 The Politics of
Fear.....the latest from the campaign trail. The 3:00 AM phone call, Putin,
terrorists, nuclear proliferation, global economic meltdown, so what? Heard it
before. I will not be afraid. We have work to do but I will not be
afraid.
10/14/8 Did
you see the full page ads in the News and Observer by traveling outfits set up in hotel
rooms this week in Raleigh? Please don't take your valuables to flea markets, pawn
shops, or hotel rooms. Think about it. Our 27th year.
10/10/8 Amazing
Market! If you picked a number for gold today between $932 and $825, you were right
at least once today. Back to $900 tomorrow? Way too much money looking for a
home.
10/8/8 The Obama / McCain debate last night didn't fix the markets. Neither
did the coordinated world wide cut in the discount rate. Gold is higher this week
and still in short supply.
Presidential candidates who selected running mates based on key votes in a close election
have caused many unintended consequences. Vice-presidential candidates should be
placed on the ticket based on their ability to assist the president to govern (4-8 years)
not just get elected. Johnson (put on the ticket to carry Tennessee) did not
implement Lincoln's post war plans. Johnson wasn't even interested. For the next 100
years Reconstruction and Jim Crow plagued the South. There are other examples.
Both parties know this. A candidate must win on his own merits.
Has anyone noticed how frail McCain looks and how he moved during the debate? Can
you say President Palin?
10/5/8 US gold and silver
Eagles are in short supply. Premiums over spot are higher than they have been for a
long time. I only have a few hundred dollars of 90% silver coin left in stock.
No .999 fine bars and only 100 of the 2008 Silver Eagles. They are $21.95
each. Limit 3 per customer until I can get some more.
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