Hard Money Matters: Tariffs, Uncertainty, and the Thriving World of Coins

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

https://www.pegavault.com/

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Saturday, September 13, 2025

In this episode of Hard Money Matters, host Kyle Warren and guest John Mabin, owner of Pegasus Coin and Jewelry in Bradenton, discuss the impact of a recent U.S. Court of Appeals ruling that deemed most of President Trump's tariffs illegal, creating uncertainty that drives investors toward gold, silver, and collectible coins as safe havens amid global tensions involving China, Russia, and North Korea. John explains the double-edged sword of rising precious metals prices for local dealers, emphasizing the need for substantial working capital—far beyond what small shops can afford—and the challenges in securing bank loans due to the industry's nature. They advise advanced collectors on navigating auctions by reviewing past sales, leveraging personal knowledge, and consulting trusted dealers. The conversation explores niche collectibles like "bingles" (historical company tokens from remote areas such as Alaska), which form a thin market with limited value despite their storytelling appeal. John reiterates warnings against amateur coin cleaning, noting how grading services designate and devalue cleaned coins, while sharing stories of remarkable coin discoveries in attics, beaches, grounds, and even dog-dug sites. The episode wraps with a lighthearted anecdote about a customer rejecting a fair gold sovereign offer, underscoring the importance of experience in the coin business.