Navigating the World of Coins and Precious Metals with John Maben
Podcasts > Hard Money Matters
Hard Money Matters is a weekly radio program originating from Sarasota, Florida and featuring John Maben of Pegasus Coin & Jewelry, and hosted by overnight talk show host Kyle Warren. Each week John and Kyle discuss the precious coin and jewelry marketplace, how it fits into the contemporary investment world and how folks can access the large inventory Pegasus has to offer
The show airs Saturday afternoons at noon on AM 930 The Answer in Sarasota. Listen each week LIVE here, call John at Pegasus Coin & Jewelry at 941-725-6100, visit their website
Saturday, May 17, 2025
In this episode of Hard Money Matters, host Kyle Warren interviews John Maben, owner of Pegasus Coin and Jewelry in Bradenton, who brings over 40 years of experience to discuss the intricacies of coin collecting and precious metals investment. Maben critiques the aggressive marketing tactics of many precious metals companies, warning against their high-margin products and telemarketing upsells that often lead to significant buyer losses. He advises against storing precious metals in IRAs due to fees, limited control, and risks like depository failures, favoring physical possession instead. Maben also highlights the pitfalls of auctions for bullion, which incur high commissions, and clarifies tax implications, noting Florida’s sales tax exemptions for purchases over $500 or legal tender coins, while federal capital gains tax applies to profits. He addresses common misconceptions about coin values, explaining that circulated coins like bicentennial quarters hold little worth, while Pegasus regularly buys high-value items like pre-1964 silver coins, Morgan dollars, and pre-1933 U.S. gold coins. Maben contrasts the reliability of precious metals with the volatility of cryptocurrencies, emphasizing the tangible security of physical assets. Listeners are invited to visit Pegasus at 7230 55th Ave E, Bradenton, or call 941-725-6100 for expert guidance.
