Transitioning from Hobby to Investment in Precious Metals
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, June 28, 2025
In this episode of Hard Money Matters on AM 930, host Kyle Warren and John Maben of Pegasus Coin and Jewelry guide listeners on moving from collecting coins and precious metals as a hobby to a viable investment. Maben, with over 40 years of experience, advises against self-directed investing due to the high risk of costly mistakes, recommending instead to work with a trusted dealer for confidence and education. He suggests starting with low-risk metal investments (gold, silver, platinum) rather than numismatic items, tailoring strategies to individual goals like long-term holding or short-term profit. The discussion also covers market fluctuations, the impact of industrial demand on rare metals, and the pitfalls of including precious metals in IRAs, favoring physical ownership over managed accounts. Maben explains the evaluation and melting of used jewelry for gold value, noting that only rare pieces are resold, highlighting the dynamic and personalized nature of investing in this unregulated field.
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