Odd Lots Philip Diehl on the Booming Business of Gold Coins
69 snips
May 12, 2025 
Philip Diehl, president of US Money Reserve and former director of the US Mint, delves into the booming gold coin market. He explains why collectors prefer coins over bullion, especially during economic uncertainty. Diehl sheds light on the complexities of coin production, particularly the Sacagawea dollar, and discusses the shifting investment landscape, comparing gold coins to mining stocks. He also addresses the emotional connection people have with precious metals, revealing the multifaceted appeal of collectibles in today’s market.
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Inherited Gold Coin Collection
- Tracy Alloway inherited her gold and silver coin collection from her father over the years.
- She enjoys the tactile and visual satisfaction of checking and owning physical coins.
Gold Beats Stocks Often
- Gold performs well in both good and bad economic times.
- It beat the S&P 500 in 5 out of the last 10 years, showing its strength as an investment.
Sacagawea Dollar Launch Success
- The Sacagawea dollar coin was launched with great fanfare including a Walmart partnership.
- One billion coins were produced the first year, and people lined up around blocks for them.
