Heartland Coin Gallery
We PAY CASH for Gold and Silver!
Coins • Jewelry • Sterling Silver • Scrap metals
Heartland Coin Gallery is located in Wichita, Kansas, and our goal is to serve you well and honestly, in the comfort and privacy of our showroom/gallery in NE Wichita. We are family-owned and have been doing business in Wichita for 54 years. We buy/sell/trade gold and silver bullion for investment and numismatic collectible coins and currencies for collectors.
Heartland Coin Gallery PAYS FAIR MARKET VALUE plus a CASH BONUS* for your scrap gold and silver or rare and collectible coins, should you decide to sell. We are also willing to schedule in-home appointments for appraisals at your convenience, if your coin collections are too large to carry to showroom... please call us for a private in-home appointment at your convenience: (316) 858-3050
*We'll PAY you a "GAS BONUS of $10." if you sell us at least $100 worth of scrap gold, silver, or old coins, so get our estimate, today! We're ALWAYS BUYING!
NO APPOINTMENT NECESSARY IF you stop by our showroom, Monday - Saturday between our regular business hours of 10am-4pm.
Heartland Coin Gallery - Wichita, KS
U.S. Gold & Silver Coins as Legal Tender
A few generations ago, Americans used gold and silver coins as "spending money" and never thought anything about it. That was before our monetary system converted to a fiat currency system, backed by gold. The Silver Certificates issued as money, with the backing of a stockpile of gold held at an undisclosed location in Fort Knox, KY, were also redeemable on demand, in silver coins. Pre-1934 Gold and Silver coins were widely circulated for commerce at their face value because our 'money' was backed by a gold standard in the United States.
In the early 1930s, the Federal Reserve fixed price of dollars with respect to the gold standard by raising interest rates, trying to increase the demand for dollars which resulted in deflation and runs on banks. There was simply not enough money to be had by ordinary Americans, and the economy contracted significantly, resulting in The Great Depression.
Gold Coins Confiscation - FDR, 1933
Executive Order 6102 was signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" and criminalised the possession of monetary gold by any individual, partnership, association or corporation.
Order 6102 specifically exempted "customary use in industry, profession or art"—a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins ($1,677 if adjusted for inflation as of 2010; a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011).
Paul Volcker was responsible for defining 'rare coins' for purposes of the IRS / Treasury in 1969, and later in 1975, Nixon made it LEGAL for Americans to own gold coins, once again, but took our monetary system off the gold (& silver) standard. After that, the Federal Reserve Notes (paper currency issued as legal tender) were no longer specifically redeemable for silver, because our monetary system was then based upon the "full faith and credit" of the United States of America... another reason why the 'debt crisis' is so important to the global and US economy. If we cannot pay of the National Debt, how 'good' will the credit of the USA remain? As a country we have always paid our bills, but now the multi-trillion dollar debt is NOT payable or sustainable in the foreseeable future.
Gold Eagle - First American Bullion Coin
It was not until the Gold Bullion Coin Act of 1985 that the American Gold Eagle was authorized as the first American Bullion coin. The current gold bullion coins now minted in the US are valued for gold content, rather that face value.
U.S. Liberty Gold Eagles -
Available in 1/10th oz., 1/4 oz. 1/2 oz., 1 oz. denominations
Gold fraction = .9167 (22 karat) - 91.67% gold, 3% silver, 5.33% copper
Selling price varies with the current spot price of Gold.
Silver Coins as Legal Tender
The Greeks were among the first to use silver as a coinage in the drachmas which were popular trade coins throughout the Greek empire. American silver coins are used as legal tender for commerce, but also as a store of value and a hedge against inflation because of the precious metal content.
US Silver Coins
Legal and lawful tender coins of the United States are minted as coinage for the purpose of conducting trade and commerce as set forth by and official act Congress, who has the only authority to coin money, through the Coinage Act of 1792. The first mint was in Philadelphia, which at the time was the capital of the United States. Today, the US Mint is headquartered in Washington, D.C. and the US Treasury mints coins at mint facilities in Philadelphia, Denver, San Francisco, and West Point and a bullion depository at Fort Knox.
1942 - 1945 Silver Jefferson Nickel -35% silver, 56% copper, 9% manganese
1916 - 1945 Mercury Silver Dime - 90% silver, 10% copper
1946 - 1964 Silver Roosevelt Dime - 90% silver, 10% copper
1916 - 1930 Standing Liberty Silver Quarter - 90% silver, 10% copper
1932 - 1964 Silver Quarter - 90% silver, 10% copper
1916 - 1947 Silver Walking Liberty Half Dollar - 90% silver, 10% copper
1948 - 1963 Silver Franklin Half Dollar - 90% silver, 10% copper
1964 - Silver Kennedy Half Dollar - 90% silver, 10% copper
1965 - 1970 Silver Kennedy Half Dollar - 40% silver, 60% copper
1878 - 1921 Silver Morgan Dollar Value - 90% silver, 10% copper
1971-1974, 1976 Silver Eisenhower Dollar - 40% silver, 60% copper
1971 - 1978 Eisenhower Dollar - 91.67% copper, 8.33% nickel
(note: Two varieties of the Ike dollars were produced in 1976 and varied in thickness of the lettering. The most widely circulated version of 1976 Eisenhower silver dollars did NOT have any silver content, but were made of copper and nickel. This was the first dollar coin released for general circulation that was not made of silver.)
Junk bags of silver - pre-1965 US coins
The term 'dime' comes from the French word disme, meaning "tithe" or "tenth part."
The bags of junk silver are available in varying combinations of US coins minted as US dimes, quarters, half dollars, and silver dollars. Silver content varies for the different coins (see list above).
American Silver Bullion Coins - Silver Eagles
American Silver Eagles were first minted in 1986 and it is America's only "official' investment grade silver bullion coin. We sell Silver Eagles as individual coins, in rolls of 20 coins (BU - brilliant uncirculated, by the case (50 tubes of 20 BU Silver Eagles), SF Mint coins, PCGS Certified Eagles, proof coins and Silver Eagle sets.
Silver bullion coins, which are also legal US tender, are primarily sold to investors and are not typically expected to circulate for everyday trade and commerce.
Silver Bullion Coins - International Mints:
1986 American Silver Eagle - 99.90% pure silver
2010-2021 America the Beautiful - 99.9% silver
1993 Australian Silver Kangaroo (Royal Australian Mint) - 99.90% pure silver
2007 Australian Koala (Perth Mint) - 99.9% pure silver
1990 Australian Silver Kookaburra (Perth Mint) - 99.90% pure silver
2008 Austrian Silver Vienna Philharmonic - 99.90% pure silver
1997 British Silver Britannia (1997 proofs; 1998 public) - 95.80% pure silver
1988 Canadian Silver Maple Leaf - 99.99% pure silver
2011-2013 Canadian Wildlife - 99.99% pure silver
1983 Chinese Silver Panda - 99.90% pure silver
1982 Mexican Silver Libertad - 99.90% pure silver
2009 Russian George the Victorious - 99.90% pure silver
Gold Bullion Coins - International Mints:
1986 American Gold Eagle - 91.67% Au 3% Ag 5.33% Cu (22-k)
2006 American Buffalo - 99.99% pure gold
1987 Australian Kangaroo - 99.99% pure gold
1989 Austrian Vienna Philharmonic - 99.99% pure gold
2000 British Sovereign - (91.67% gold) (first minted - 1489)
1979 Canadian Maple Leaf - 99.99% pure gold
1982 Chinese Panda - 99.99% pure gold
1981 Mexican Libertad - 99.9% pure gold
1967 South African Krugerrand - 91.667% gold, 8.333% copper (22-karat)
Gold & Silver - News and Opinion
We believe keeping you well informed with timely news and opinion is an important part of our relationship with you, our visitors and customer. The Headline News and Opinion Articles on our News page, updated weekdays, will keep you abreast of the latest financial, economic and geopolitical news and trends that dynamically shape our world today. It pays to be well informed with news, from the U.S.A. and around the world, which is critical for your investment decisions. We think you'll agree that our custom collection of news & opinion articles is the BEST you'll find.