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Speaker 1: Ever thought about owning a piece of history. Introducing the

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Speaker 1: Nut Gingrich Contract with America Coin from Legacy Precious Metals.

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Speaker 1: My limited edition silvercoin celebrates the historic Republican victory in

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Speaker 1: nineteen ninety four, marking a turning point in American politics.

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Speaker 1: Give a gift with real historical weight this season. Order

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Speaker 1: now at Newt gingrichsilvercoin dot com. That's Newt Gingrichsilvercoin dot Com.

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Speaker 1: In this episode of Nuts World, I'm really pleased to

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Speaker 1: welcome back Charles Thorngren, founder and CEO of Legacy Precious Medals.

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Speaker 1: He's joining me today to talk about something that I

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Speaker 1: think is very exciting, the new Contract with America Commemorative Silvercoin.

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Speaker 1: It's a truly unique collector's item. I've watched its development,

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Speaker 1: I've watched the artwork that's gone into it, and I'm

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Speaker 1: very impressed. It can be purchased at Newt Gingrichsilvercoin dot Com.

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Speaker 1: And it's something I've never ever before been involved in,

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Speaker 1: and it's it's quite an adventure, and I'm really grateful

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Speaker 1: to Charles for taking me out here on this wild ride.

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Speaker 1: So Charles, welcome back, and thank you for joining me

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Speaker 1: again on nuts World.

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Speaker 2: Oh, thank you, sir. It's pleasure to be back. And

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Speaker 2: when we talk about commemorating coins, I think it's just

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Speaker 2: so fitting that you should be on a coin. We

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Speaker 2: look at what's going on today and now, more than ever,

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Speaker 2: we need more men like you.

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Speaker 1: I was going to say, this is one of those

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Speaker 1: cases where my stock has gone up because the market

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Speaker 1: has gone down. People now see so much chaos in

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Speaker 1: the House Republican Party that suddenly it looks better to

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Speaker 1: look back when the period where I was speaker. So

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Speaker 1: I think in that sense, you may be right. But

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Speaker 1: I was fascinated because when we got into this project,

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Speaker 1: which I had never thought about before talking with you

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Speaker 1: about it and thinking about it, there's a whole history

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Speaker 1: of silver mining and silver coin collecting in the United States,

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Speaker 1: and I think I really would intrigue our audience if

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Speaker 1: you could sort of give them a sense of the

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Speaker 1: history of silver as part of the currency of America,

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Speaker 1: and in particular the way in which silver coin collecting

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Speaker 1: became kind of its own thing.

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Speaker 2: Absolutely, and it's an interesting history. You know, when we

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Speaker 2: originally set up the nation, this was the standard of commerce,

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Speaker 2: gold and silver, silver being more importantly because it was

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Speaker 2: more available it was in a form that was more

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Speaker 2: affordable for Americans. So you look into silver mining and

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Speaker 2: most people remember, you know, the comstock load. We've talked

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Speaker 2: so much about it in history, and that was in

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Speaker 2: eighteen fifty nine and that really led to the majority

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Speaker 2: of coinage of silver for the United States. And it

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Speaker 2: really was the heyday of silver coinage because of the

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Speaker 2: out of silver that was available and the ability for

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Speaker 2: the US to mint it freely. Up until recent history,

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Speaker 2: when we were still a new nation, we weren't even

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Speaker 2: using our own coinage yet, we were borrowing coinage from

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Speaker 2: the world for our currency. We're trading based on its

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Speaker 2: gold and silver value at the time. So that was

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Speaker 2: a really big movement for the US as we created

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Speaker 2: a currency of our own. So that commstock load was

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Speaker 2: important because it gave us the ability to generate currency

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Speaker 2: that was usable for the everyday man.

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Speaker 1: It was Chris, because you've made me much more aware

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Speaker 1: of silver coins and coin collecting. I've been hearing about

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Speaker 1: the Morgan dollar. I'm curious because, first of all, why

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Speaker 1: it's called the Morgan dollar. But apparently we made a

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Speaker 1: huge number of them. But then we turned right around

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Speaker 1: and we actually melted a lot of them down. It's

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Speaker 1: a very interesting phenomenon, and I wonder if you could

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Speaker 1: sort of share with us that whole experience. Well.

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Speaker 2: Absolutely, and it's kind of good for us to too nowadays.

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Speaker 2: There was dysfunction back then too, where they took currency

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Speaker 2: and just kind of destroyed it and then had the

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Speaker 2: reverse course. It's kind of nice to know that we're

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Speaker 2: not the only ones messing up the economy. But you

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Speaker 2: look at that Morgan silver dollar, and it was important

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Speaker 2: when the Morgan dollar came out. It was a beautiful coin,

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Speaker 2: but we had the beginning of other vehicles used in trade,

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Speaker 2: so more fiat currency was coming out at the time,

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Speaker 2: and it wasn't governmental fiat currency. It was from banks,

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Speaker 2: so there was competition. There was banknotes that you could

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Speaker 2: trade in your town from your local bank, which was

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Speaker 2: more convenient than silver at the time. But just like

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Speaker 2: all fiat currency, this ran into an issue, so you

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Speaker 2: got to the point where the demand for the silver

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Speaker 2: dollars dropped so they actually couldn't minting them at all

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Speaker 2: US facilities. And the Morgan dollar, it was a very

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Speaker 2: small run, very highly collectible coin too, one of the

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Speaker 2: real the attractive coins and preferred of the silver dollars

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Speaker 2: in the Morgan series come from the Corson City Mint,

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Speaker 2: and those arener a really significant premium, and you can

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Speaker 2: still find some of those around in fantastic shape. Some

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Speaker 2: of them even in the original holders that came from

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Speaker 2: the government, right from the mints, they still had that

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Speaker 2: same holder. So it's an interesting thing to think you've

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Speaker 2: got an investment, but you've also got this major piece

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Speaker 2: of US history as well, and from the Corson City

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Speaker 2: min it was an amazing piece.

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Speaker 1: As we went through developing the contract with America's silver

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Speaker 1: coin that you're introducing, I began to realize how important

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Speaker 1: the designer was, and it's so important that the Morgan

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Speaker 1: dollars actually named for the designer. Morgan was the guy

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Speaker 1: who designed the currency, so was a name for some

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Speaker 1: president or some important politician. I had no idea until

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Speaker 1: we got into this project how intricate trying to design

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Speaker 1: to cast in silver coin size. It really does have

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Speaker 1: the contract with America on it. It's kind of amazing

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Speaker 1: how the designer figured all that out. And I noticed

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Speaker 1: that in terms of the uniqueness of the original Morgan

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Speaker 1: silver dollar that if you get one which is in

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Speaker 1: mint condition. They've sold for as much as seventeen five

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Speaker 1: hundred dollars because there now really works of art and

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Speaker 1: they're genuinely historic collection items.

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Speaker 2: Absolutely, and that's the thing most people, I don't think understand.

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Speaker 2: Going through this processing, you have a much greater introduction

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Speaker 2: to it. Your knowledge is vastly more than most, and

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Speaker 2: you realize how those details are hard to come by.

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Speaker 2: You can't just get an average artist when you're creating

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Speaker 2: and striking a coin. You need an artist that knows

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Speaker 2: that medium because it's not a two D image. It's

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Speaker 2: a three D image with different depths and things that

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Speaker 2: go into that coin so that it has the ability

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Speaker 2: to replicate what you want. It's a true art form

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Speaker 2: and there's not that many artists out there that do it.

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Speaker 2: So we drew back to the relationships that we had

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Speaker 2: and we founded a magnificent artist and I think he's

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Speaker 2: done an amazing job. And this is why, like you

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Speaker 2: mentioned the Morgan Dollar, it's important because it was the

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Speaker 2: artist and that coin was so phenomenal. There's so many

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Speaker 2: variations on it that you see that scenario where you

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Speaker 2: have these coins worth you know, tremendous amounts of money,

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Speaker 2: seventeen thousand dollars for a coin that was once worth

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Speaker 2: a dollar. So finding the right artist and creating the

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Speaker 2: right piece really goes a long way for creating the value.

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Speaker 2: And I think that we've done an amazing job on

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Speaker 2: your coin specifically because one we're not just honoring you

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Speaker 2: and what you've done, but that contract with America that

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Speaker 2: was so important, and I think having that memoralized in silver,

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Speaker 2: I think is a very fitting thing for us and

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Speaker 2: for people to look at and say, let me honor

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Speaker 2: the goodness of politics a time when we could reach

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Speaker 2: across the island, compromise, even though there was differences. It's

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Speaker 2: an art form that we don't have in politics right now.

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Speaker 2: You don't see these value in coins anywhere either, so

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Speaker 2: it's very fitting that it comes together as such.

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Speaker 1: And it's interesting to me that silver clearly is intrinsically

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Speaker 1: of value. I think at the present time it's around

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Speaker 1: almost twenty three dollars an ounce for silver itself. Historically,

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Speaker 1: silver and gold both have been reactions to inflation. I've

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Speaker 1: seen some startling projections that if the current inflation rate continues,

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Speaker 1: you're likely to see both of these precious metals go

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Speaker 1: up very dramatically.

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Speaker 2: Absolutely, precious metals are important. They fight inflation. We all

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Speaker 2: know that. But what I think a lot of us

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Speaker 2: fail to realize is the way we report inflation nowadays

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Speaker 2: has changed substantially. If we use the old metrics, you're

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Speaker 2: talking about inflation in the high double digits right now,

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Speaker 2: something that we haven't seen for a very long time.

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Speaker 2: And I think you know that's important to realize that

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Speaker 2: there is a greater need than people realize at the moment.

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Speaker 2: And as we've always said, precious metal should be a

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Speaker 2: part of your portfolio. But I think with the coin,

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Speaker 2: it's interesting way to look at it and get started.

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Speaker 2: I've often told clients who begin to look at pieces

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Speaker 2: that are not just base metal and they start to

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Speaker 2: look at coinage, it's a history lesson. It's a gift

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Speaker 2: you can pass on to the kids and the grandkids.

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Speaker 2: But you have the ability then to talk about what

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Speaker 2: was going on at the time that this coin commemorates,

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Speaker 2: and I think that's an important lesson. It's a stunning coin,

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Speaker 2: and then you have the attention. I think the contract

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Speaker 2: with America is an important piece being on this coin

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Speaker 2: because it was something that we hadn't seen in politics

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Speaker 2: for a while, and honestly it's something we need today too.

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Speaker 2: So it's a wonderful investment, but it's also a fantastic

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Speaker 2: teaching moment.

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Speaker 1: Well, you know, I was really surprised you have a

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Speaker 1: really large number of coin call. I think I had

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Speaker 1: no idea how big the market was, But I noticed

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Speaker 1: when we were looking at this and beginning to explore it,

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Speaker 1: that since nineteen eighty six there've been over five hundred

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Speaker 1: million ounces sold of the American Ego silver bullion coins.

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Speaker 1: I mean that is a lot of coin, you know,

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Speaker 1: unlike paper money that eventually falls apart. When Kloster was

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Speaker 1: the ambassador to the Vatican, we would go to places

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Speaker 1: that were Roman era and Greek era museums and you'd

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Speaker 1: see coins that are still there. So they really become

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Speaker 1: kind of permanent additions to the store of value. And

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Speaker 1: in that sense, has there been a pretty significant growth

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Speaker 1: and just the number of collectors.

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Speaker 2: I believe there has. And it's interesting. In nineteen eighty six,

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Speaker 2: when we started restriking American coins, both gold and silver,

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Speaker 2: you created a vessel that was worth investing in. Again,

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Speaker 2: our coin is before then had been reduced to very

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Speaker 2: little silver mostly copp mostly nickel. You lost actual silver

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Speaker 2: content in your quarters and your half dollars and such.

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Speaker 2: So when we came out with this new coin, it

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Speaker 2: was a one ounce coin silver specifically in this case,

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Speaker 2: so it's ninety nine point nine percent pure silver. That's

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Speaker 2: something that investors and collectors hadn't had the ability to

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Speaker 2: get into unless they went back years and started buying

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Speaker 2: true numismatic coins, coins that had a lot of rarity

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Speaker 2: to them, but also significantly more price because of that rarity.

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Speaker 2: So I think it sparked investors and collectors again. Collectors

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Speaker 2: now had something they could purchase that had the silver

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Speaker 2: that they wanted at a reasonable price. They didn't have

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Speaker 2: to go and buy it one hundred year old coin

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Speaker 2: for ten thousand dollars. And I think the mint did

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Speaker 2: an amazing job. Let me give them credit too, because

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Speaker 2: five hundred million ounces of silver, that's a lot of silver,

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Speaker 2: and they've kept it fresh and they've renewed the image

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Speaker 2: a little bit, and they've sure to keep people interested.

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Speaker 2: So congratulations to the men, it was a wonderful job,

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Speaker 2: but also congratulations to us because we now have a

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Speaker 2: vehicle that we can invest in and collect and it's

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Speaker 2: also a sound investment. So when you can mix the

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Speaker 2: art and the investment, it's a win for everybody.

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Speaker 1: Throughout history, there are clearer moments that define our nation's path,

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Speaker 1: and now you can own a piece of that history.

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Speaker 1: I'm thrilled to announce the Newt Gingrich Contract with America

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Speaker 1: Coin from Legacy Precious Metals. My limited edition one ounce

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Speaker 1: silver coin commemorates the historic victory in nineteen ninety four

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Speaker 1: when the Republican Party under my leadership, took control of Congress.

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Speaker 1: The Newt Gingriish Contract with America Coin also symbolizes the

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Speaker 1: transformative political platform that led to landmark achievements like the

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Speaker 1: overhaul of the welfare system and the Balanced Budget Act.

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Speaker 1: This holiday season, give the gift of history. The Newt

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Speaker 1: Gingrish Contract with America Coin is more than an investment.

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Speaker 1: It's a tribute to honest government and to America. Available

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Speaker 1: to order right now by calling eight sixty six four

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Speaker 1: eight four for zero four to three. That's eight sixty

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Speaker 1: six four eight four for zero four to three, or

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Speaker 1: order online at Newt gingrishsilvercoin dot com. That's Newt gingrichsilvercoin

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Speaker 1: dot com. It's interesting to me too, and I have

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Speaker 1: to confess, given the problems the House Republicans have had

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Speaker 1: in trying to get themselves organized and trying to figure

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Speaker 1: out what they're doing, that there could not be a

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Speaker 1: better time to have come to me and talked about

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Speaker 1: a contract with America Coin. Because it was the first

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Speaker 1: Republican majority in forty years, it was the first re

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Speaker 1: elected majority since nineteen twenty eight. It really represented the

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Speaker 1: power of ideas. The things we stood for, balanced budget,

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Speaker 1: stopping criminals, developing the work ethic again with welfare reform.

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Speaker 1: I mean, these were very significant issues for the American people,

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Speaker 1: and they responded to it that way. We actually won

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Speaker 1: the national popular vote by six point eight percent. We

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Speaker 1: picked up fifty four seats that year, and then we

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Speaker 1: came back and as I said, got reelected for the

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Speaker 1: first time since nineteen twenty eight, and in the process

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Speaker 1: the negotiated with Bill Clinton and got the only four

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Speaker 1: consecutive balance budgets in your lifetime. So in many ways,

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Speaker 1: this is a historic coin that really represents an historic

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Speaker 1: moment that if we could recreate it today, we would

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Speaker 1: just be a heck a lot healthier country. Going back

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Speaker 1: to a balanced budget, into tax cuts, to locking up

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Speaker 1: criminals and making the streets safe and to recognizing the

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Speaker 1: importance of the work effic And the more I talked

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Speaker 1: with you, and the more we worked with your team

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Speaker 1: and worked with the Mint, the more close and I

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Speaker 1: looked at the design for the coin. Frankly, the more

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Speaker 1: excited we got that there really was a place for

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Speaker 1: a contract with America, a new ginglish silver coin.

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Speaker 2: Absolutely, and you know, Nute, when we concede of this coin,

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Speaker 2: we designed it with a contract with America theme. This

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Speaker 2: coin is a historical reminder of where Republicans were in

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Speaker 2: nineteen ninety four, and I think this is important too.

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Speaker 2: It wasn't easy. I remember the struggle that happened to

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Speaker 2: get this to work. I remember in the news cycle.

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Speaker 2: It wasn't something that was overnight. But we had a

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Speaker 2: persistence then that we don't have now that we need

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Speaker 2: to get back. The Republicans need to get that persistence

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Speaker 2: back to focus on the good of everybody, the entire

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Speaker 2: United States, not just their little group of people, not

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Speaker 2: just their base. I think you put forth the effort

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Speaker 2: to do the right thing for everyone, and it wasn't

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Speaker 2: based on re election. That's not why you did it.

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Speaker 2: You even said if we don't do this, throw us out.

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Speaker 2: There's conviction there that I don't see from everyone in

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Speaker 2: politics nowadays. It's time to put down your own ideas

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Speaker 2: and embrace the American idea. I think that's what we

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Speaker 2: need to see more of. And I think this coin

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Speaker 2: is really important because this is exactly what you did.

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Speaker 2: You brought America to the forefront and doing right for America.

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Speaker 1: When you're sworn as a member, you swear that you

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Speaker 1: will support and defend the Constitution of the United States

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Speaker 1: against all enemies foreign and domestic, that I will bear

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Speaker 1: true faith and allegiance to the same. And the point

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Speaker 1: I made was you got to put aside your personal grievances,

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Speaker 1: your personal pettiness. We've got to recognize that you have

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Speaker 1: a job to do that is patriotic for the country,

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Speaker 1: not for yourself. And I think they've really got to

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Speaker 1: get back to that kind of recognition that their jobs

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Speaker 1: are bigger than they are. Their jobs are the duty

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Speaker 1: of maintaining, preserving, and extending the freest country in the world.

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Speaker 1: And in that sense, I think that the commemorative contract

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Speaker 1: with America's silver coin is to me, it became a

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Speaker 1: lot more meaningful in the context of the current reminder

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Speaker 1: that if you don't have big ideas, if you don't

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Speaker 1: have a team willing to get up every day and

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Speaker 1: be persistent, if you're not prepared to fight for what

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Speaker 1: you believe in as a team, not just as egos

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Speaker 1: and individuals, the country has to be in real trouble.

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Speaker 1: In this coin in that sense, I think could be

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Speaker 1: a really good addition to the current political debate. And Charles,

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Speaker 1: I want to thank you for joining me. I want

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Speaker 1: to encourage our listeners to order the Commemorative Contract with

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Speaker 1: America's Silver Coin from Legacy Precious Medals by going to

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Speaker 1: Nut gingrichsilvercoin dot com or you can call Charles N.

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Speaker 1: Charles's team at Legacy Precious Medals at eight six six

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Speaker 1: four eight four four oh four three. That's eight sixty

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Speaker 1: six four eight four four oh four three. And thank you,

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Speaker 1: Charles for this terrific introduction.

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Speaker 2: I want to thank you not just for lenning us

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Speaker 2: do the coin, but thank you for everything that you've

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Speaker 2: done in the life of service that you've put forth.

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Speaker 2: I think that made the coin easy. I think that

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Speaker 2: really made it something that needed to be commemorized.

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Speaker 1: So thank you, Thank you, to my guest Charles Thornngren.

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Speaker 1: You can learn more about Legacy Precious Medals commemorative Contract

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Speaker 1: with America silver Coin at Newt Gingrichsilvercoin dot com. Nutrial

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00:18:49,440 --> 00:18:53,400
Speaker 1: is produced by Gingrish three sixty and iHeartMedia. Our executive

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00:18:53,400 --> 00:18:57,800
Speaker 1: producer is Guarnsey Sloan. Our researcher is Rachel Peterson. The

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Speaker 1: artwork for the show was created by Eve Penley Special

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Speaker 1: thanks to the team at Gingriish three sixty. If you've

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Speaker 1: been enjoying newts World, I hope you'll go to Apple

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Speaker 1: Podcasts and both rate us with five stars and give

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Speaker 1: us a review so others can learn what it's all about.

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Speaker 1: Right now, listeners of NEWT World can sign up for

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Speaker 1: my three freeweekly columns at gingrishthree sixty dot com slash newsletter.

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Speaker 1: I'm Newt Gingrich. This is newts World. This episode of

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Speaker 1: NEWT World was brought to you by Legacy Precious Medals.

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Speaker 1: Ever thought about owning a piece of history? Introducing the

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Speaker 1: Newt Gingrich Contract with America coin from Legacy Precious Medals.

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Speaker 1: My limited edition silver coin celebrates the historic Republican victory

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Speaker 1: in nineteen ninety four, marking a turning point in American politics.

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Speaker 1: Give a gift with real historical weight this season out

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Speaker 1: at Nut gingrichsilvercoin dot com. That's nutkingridgsilvercoin dot com