A2A with Patrick Heller of Liberty Coin Service

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Even if you're not a collector or numismatic enthusiast, I urge you to listen to this podcast. I learned a lot today by visiting with Patrick Heller. You'll likely learn quite a bit, too.

Among the topics discussed over the course of this 43-minute call:

  • The likelihood of a new precious metal confiscation program.
  • Which type of bullion is least likely to be counterfeited.
  • The subtle differences between the recognized coin grading systems.
  • A logical "ratio" of numismatics to bullion for your portfolio.
  • And what about "junk silver"? From where is it sourced? How much of it is out there?

Again, almost everyone will find something interesting in this call so I urge you to give it a listen when you have some time. Thanks again to Pat for joining us today.



proformatrillionaire's picture

First again

Yes sir. Thanks Turd for all you do. Now to listen to the podcast.

Marchas45's picture


Not Third!!!

silver66's picture


Thanks Turd


AARRGGHH...foiled again

Klingon's picture

I note that in response to my

I note that in response to my question about where all the Junk Silver was, he mentioned being at a big wholesaler and saw a junk silver vault with $1 million face value junk in it. That's only 10,000 $100 bags and could go quickly if a crisis were to develop.

Marchas45's picture

Darn Silver66

Pipped you again. Lol @Turd is there anyway you can ask your guests either to speak up or get closer to the microphone. You sound nice and clear. Thanks, Keep Stacking

Turd Ferguson's picture

I hear ya Charlie (no pun intended)


I thought I had this issue fixed as Pat's audio on my end was really loud. Once again, though, it git recorded at a much lower level. I'll work on it again for next week.

Response to: Darn Silver66
silver66's picture


There is only one thing to say to you



Stack till it hurts

Marchas45's picture


I Love Wabbit. Keep Stacking those KT's Wabbit

4 oz's picture

Overheard in my LCS

Earlier this week was greatly encouraged by what I overheard in my LCS;

Guy comes in and says to the Shop owner, "Hi. Um, it's time for me to get some physical bullion. Good friend of mine told me this was the place to come...."

Took everything I had not to interject myself into the conversation. But I just concluded my business and was on my way. Can't stop hearing that guy in my mind, and find myself thankful for his friend, another guy in my area has been talking and as a result someone new is beginning to stack. Another guy I work with after questioning me at length a year or so ago began stacking AG and has since added AU and is on fire!

It get's into ya. Way fun when peeps eyes start to see!

cavalier's picture

Government can require you to buy Bonds in 401k

One point Turk makes in The Money Bubble is that after the obamacare Supreme Court decision, it is decided law that the government can force you to buy something by taxing you if you don't buy it. Therefore, the US government could require you to buy government bonds in your 401k or Ira and thereby effectively confiscate it.

The Money Bubble is a great book that lays it all out in an orderly fashion. Highly recommended.

AIJ's picture

One of Jesse's best

"The Western gold market is a bucket shop.  Its manipulations are slowly depleting their will and their reserves.

Their vaults are being drained of gold, ounce by ounce, day by day, year by year.

They have taken flight from the moral high ground, and have found their true place, in wallowing with their fellow pigs.

It is a long walk down a dark hallway to waiting crowd, and the inevitable day of reckoning, when you too are fallen.    You can and do extend your time by hiding and running, masquerading and lying, but you will never rest, in this world or the next.

Besides the incremental output from mining, the basis for the great Ponzi scheme keeps getting smaller, and smaller.

Time is on our side.  And this is the nature of our warfare;  we rise by falling.

For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Have a pleasant evening."


heathbr's picture

@ Turd - Thanks!

Thanks for including my question! I missed the login for the A2A but was pleasantly surprised to hear my question! I ordered a 'copy' online from one on those gift shops to compare the weight and quality and it was significantly less. I know it's still a 1 in a million chance, but I'll take it to my LCS to get it checked out. Appreciate the great A2A!

SlobberingBull's picture

@ Turd - Camtasia

Turd, If you use Camtasia Studio there should be a way to have separate audio tracks.  I think you can setup a mic input and a system audio input.  Then you can adjust the volume on each one independently.  Make your recording and afterwards adjust the volume levels.  It's easy!  I assume that your guest is using your computer (skype, goto meeting, join.me etc...).

ReachWest's picture

Royal Canadian Mint - Lotsa Gold (and Silver)

Ever wonder about that high-tech ultra modern mint where the Gold and Silver maples are manufactured to 9999 pureness??

Wonder no more - take a tour ..

Wingy's picture

I'm not into coins but...

      I have never taken the time to learn the coin biz. I think it must be in your blood, but alas, not in mine. Call it poor upbringing.  That being said, I listened to your talk with Patrick, with only half an ear, but it was good stuff. First, the confiscation question has crossed my mind a time or two, but Patrick laid it to rest quite neatly. Thanks for asking that question, Turd. His answer to your "Final Four" question concerning stacking gold or silver was very cogent also. Once again, thanks for the question.

     To all you folks that do dig coins, good luck and God bless.

DeaconBenjamin's picture

Enjoyed the interview

Thanks.  Bernard von Nothaus came up with a Liberty Dollar based on silver (1 ounce) and gold (1 ounce and fractional ounce) coins.  He was the first that I saw to refer to Federal Reserve Notes as FRNs or ferns.

Barfly's picture

Also overheard...

A friend of mine, a stacker long before most of us knew what it was, has a daughter. She's married. Her husband has a relation, brother, cousin, not exactly clear in the conversation. This relation works in London for Tungstenman Sachs in the IT group, pretty high up. Anyway, the money part of the story comes when this guy was at my friend's house for Christmas. He got to talking about what he knew about the financial system from doing his job. He said that the system should have fallen apart by now and that without constant intervention, it crashes. Now you know.

Levon's picture

Canadian Mint video

That is pure gold bug porn.

gazzmann's picture

Excellent A2A

Way more informative than I originally thought it may be. A big thanks to Mr. Heller, and I'll be checking out his articles for some much needed learning.

Enjoy the Bahamas! 

gazzmann's picture


There is no market......only interventions. 

SS121's picture

4 oz. recent similar convert story

similar to your LCS report,  a couple of days ago a recent convert reported that his Silver finally arrived.

He had purchased 6 monster boxes which he quantitatively described as "about a  200 lb. purchase" lol

whether it's 1 oz. 10 oz. or 1000 oz, every acquisition has the same excitement!  And it never diminishes no matter how long you've been stacking or how much you already have.  It is great to see indeed.

perdman's picture

WTI Next Move???


Well WTI Crude appears to be hitting a crossroads. 50 day MA sits at at 51.60

and MACD is still positve.  A break through 55 and it could run a bit.  If you are bullish

and want a good 3x leverage crude ETF i encourage you to look at UWTI... On flip side if this rally

fails to break through 55 i think we will retest the lows.. Declining volume doesnt make me want to jump in quite yet though

Happy trails to all

lakedweller2's picture

Same - O Same - O

The manipulation only grows in frequency and openness. 

lakedweller2's picture

If We Did God's Work

What if we printed the money, controlled the mrkets, regulated the process, owned Central Banking, and were responsible to the people... Could we possibly be as evil? Would we be different? If not, why not?

2c piece's picture

Excellent A2A

I had a recent experience that might be of interest to fellow coin collectors.  A relative died about 6 months ago and I was given a container that she put pennies in for charity.  It turned out to be the equivalent of 3 roll of pennies with the most recent date being 1949.  She was not a coin collector and the container had to be broken open so they were untouched for 66 years.   Other than the uncirculated 1949 pennies (I suspect she only did it for a year) there were no premium coins in the lot.  I figure a very generous valuation would be $15.00.   I sent a check for $50.00 to the charity and figure I came out ahead, because I had more than $50.00 worth of fun going through them.  There was one nickel and one dime in the lot.  I guess they were put in on a day she felt flush.  The dime, of course, was silver.  I had expected to find some better dates, but I guess that rare dates are just that.  FWIW

TomMack's picture


I should have signed in for the A2A.  Anyway i bought a few graded numis 4 years ago, more by mistake than any other reason.   Just recently when i checked the prices (in fiat) almost all the values were higher, some significantly.  I know liquidity will be a problem.   and bartering with them near impossible should there be a system collapse but i got a little lucky so far.

Still stacking

be ready

Orange's picture

Good Morning


Silver Monkey's picture

Authenticating your Gold Coins


Nothing but positive reviews from this monkey!

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