November 17, 2023 • 20 mins
Throughout history, there are clear moments that define our nation’s path. And now you can own a piece of that history. Legacy Precious Metals is pleased to announce the all-new Contract with America one-ounce silver coin honoring Speaker Newt Gingrich’s historic victory in 1994, when the Republican party took control of the United States House of Representatives. This holiday season, give the gift of history. Call Legacy Precious Metals at 866-484-4043 or order online at http://newtgingrichsilvercoin.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Ever thought about owning a piece of history. Introducing the
Nut Gingrich Contract with America Coin from Legacy Precious Metals.
My limited edition silvercoin celebrates the historic Republican victory in
nineteen ninety four, marking a turning point in American politics.
Give a gift with real historical weight this season. Order
(00:21):
now at Newt gingrichsilvercoin dot com. That's Newt Gingrichsilvercoin dot Com.
In this episode of Nuts World, I'm really pleased to
welcome back Charles Thorngren, founder and CEO of Legacy Precious Medals.
(00:41):
He's joining me today to talk about something that I
think is very exciting, the new Contract with America Commemorative Silvercoin.
It's a truly unique collector's item. I've watched its development,
I've watched the artwork that's gone into it, and I'm
very impressed. It can be purchased at Newt Gingrichsilvercoin dot Com.
(01:02):
And it's something I've never ever before been involved in,
and it's it's quite an adventure, and I'm really grateful
to Charles for taking me out here on this wild ride.
So Charles, welcome back, and thank you for joining me
(01:23):
again on nuts World.
Speaker 2 (01:24):
Oh, thank you, sir. It's pleasure to be back. And
when we talk about commemorating coins, I think it's just
so fitting that you should be on a coin. We
look at what's going on today and now, more than ever,
we need more men like you.
Speaker 1 (01:38):
I was going to say, this is one of those
cases where my stock has gone up because the market
has gone down. People now see so much chaos in
the House Republican Party that suddenly it looks better to
look back when the period where I was speaker. So
I think in that sense, you may be right. But
I was fascinated because when we got into this project,
which I had never thought about before talking with you
(02:00):
about it and thinking about it, there's a whole history
of silver mining and silver coin collecting in the United States,
and I think I really would intrigue our audience if
you could sort of give them a sense of the
history of silver as part of the currency of America,
and in particular the way in which silver coin collecting
(02:21):
became kind of its own thing.
Speaker 2 (02:23):
Absolutely, and it's an interesting history. You know, when we
originally set up the nation, this was the standard of commerce,
gold and silver, silver being more importantly because it was
more available it was in a form that was more
affordable for Americans. So you look into silver mining and
most people remember, you know, the comstock load. We've talked
(02:45):
so much about it in history, and that was in
eighteen fifty nine and that really led to the majority
of coinage of silver for the United States. And it
really was the heyday of silver coinage because of the
out of silver that was available and the ability for
the US to mint it freely. Up until recent history,
(03:07):
when we were still a new nation, we weren't even
using our own coinage yet, we were borrowing coinage from
the world for our currency. We're trading based on its
gold and silver value at the time. So that was
a really big movement for the US as we created
a currency of our own. So that commstock load was
important because it gave us the ability to generate currency
(03:28):
that was usable for the everyday man.
Speaker 1 (03:31):
It was Chris, because you've made me much more aware
of silver coins and coin collecting. I've been hearing about
the Morgan dollar. I'm curious because, first of all, why
it's called the Morgan dollar. But apparently we made a
huge number of them. But then we turned right around
and we actually melted a lot of them down. It's
(03:52):
a very interesting phenomenon, and I wonder if you could
sort of share with us that whole experience. Well.
Speaker 2 (03:57):
Absolutely, and it's kind of good for us to too nowadays.
There was dysfunction back then too, where they took currency
and just kind of destroyed it and then had the
reverse course. It's kind of nice to know that we're
not the only ones messing up the economy. But you
look at that Morgan silver dollar, and it was important
when the Morgan dollar came out. It was a beautiful coin,
(04:19):
but we had the beginning of other vehicles used in trade,
so more fiat currency was coming out at the time,
and it wasn't governmental fiat currency. It was from banks,
so there was competition. There was banknotes that you could
trade in your town from your local bank, which was
more convenient than silver at the time. But just like
(04:41):
all fiat currency, this ran into an issue, so you
got to the point where the demand for the silver
dollars dropped so they actually couldn't minting them at all
US facilities. And the Morgan dollar, it was a very
small run, very highly collectible coin too, one of the
real the attractive coins and preferred of the silver dollars
(05:03):
in the Morgan series come from the Corson City Mint,
and those arener a really significant premium, and you can
still find some of those around in fantastic shape. Some
of them even in the original holders that came from
the government, right from the mints, they still had that
same holder. So it's an interesting thing to think you've
got an investment, but you've also got this major piece
(05:25):
of US history as well, and from the Corson City
min it was an amazing piece.
Speaker 1 (05:30):
As we went through developing the contract with America's silver
coin that you're introducing, I began to realize how important
the designer was, and it's so important that the Morgan
dollars actually named for the designer. Morgan was the guy
who designed the currency, so was a name for some
president or some important politician. I had no idea until
(05:52):
we got into this project how intricate trying to design
to cast in silver coin size. It really does have
the contract with America on it. It's kind of amazing
how the designer figured all that out. And I noticed
that in terms of the uniqueness of the original Morgan
(06:12):
silver dollar that if you get one which is in
mint condition. They've sold for as much as seventeen five
hundred dollars because there now really works of art and
they're genuinely historic collection items.
Speaker 2 (06:26):
Absolutely, and that's the thing most people, I don't think understand.
Going through this processing, you have a much greater introduction
to it. Your knowledge is vastly more than most, and
you realize how those details are hard to come by.
You can't just get an average artist when you're creating
and striking a coin. You need an artist that knows
(06:48):
that medium because it's not a two D image. It's
a three D image with different depths and things that
go into that coin so that it has the ability
to replicate what you want. It's a true art form
and there's not that many artists out there that do it.
So we drew back to the relationships that we had
(07:08):
and we founded a magnificent artist and I think he's
done an amazing job. And this is why, like you
mentioned the Morgan Dollar, it's important because it was the
artist and that coin was so phenomenal. There's so many
variations on it that you see that scenario where you
have these coins worth you know, tremendous amounts of money,
seventeen thousand dollars for a coin that was once worth
(07:29):
a dollar. So finding the right artist and creating the
right piece really goes a long way for creating the value.
And I think that we've done an amazing job on
your coin specifically because one we're not just honoring you
and what you've done, but that contract with America that
was so important, and I think having that memoralized in silver,
(07:50):
I think is a very fitting thing for us and
for people to look at and say, let me honor
the goodness of politics a time when we could reach
across the island, compromise, even though there was differences. It's
an art form that we don't have in politics right now.
You don't see these value in coins anywhere either, so
(08:11):
it's very fitting that it comes together as such.
Speaker 1 (08:14):
And it's interesting to me that silver clearly is intrinsically
of value. I think at the present time it's around
almost twenty three dollars an ounce for silver itself. Historically,
silver and gold both have been reactions to inflation. I've
seen some startling projections that if the current inflation rate continues,
(08:37):
you're likely to see both of these precious metals go
up very dramatically.
Speaker 2 (08:42):
Absolutely, precious metals are important. They fight inflation. We all
know that. But what I think a lot of us
fail to realize is the way we report inflation nowadays
has changed substantially. If we use the old metrics, you're
talking about inflation in the high double digits right now,
something that we haven't seen for a very long time.
(09:03):
And I think you know that's important to realize that
there is a greater need than people realize at the moment.
And as we've always said, precious metal should be a
part of your portfolio. But I think with the coin,
it's interesting way to look at it and get started.
I've often told clients who begin to look at pieces
that are not just base metal and they start to
look at coinage, it's a history lesson. It's a gift
(09:25):
you can pass on to the kids and the grandkids.
But you have the ability then to talk about what
was going on at the time that this coin commemorates,
and I think that's an important lesson. It's a stunning coin,
and then you have the attention. I think the contract
with America is an important piece being on this coin
because it was something that we hadn't seen in politics
(09:46):
for a while, and honestly it's something we need today too.
So it's a wonderful investment, but it's also a fantastic
teaching moment.
Speaker 1 (09:54):
Well, you know, I was really surprised you have a
really large number of coin call. I think I had
no idea how big the market was, But I noticed
when we were looking at this and beginning to explore it,
that since nineteen eighty six there've been over five hundred
million ounces sold of the American Ego silver bullion coins.
(10:15):
I mean that is a lot of coin, you know,
unlike paper money that eventually falls apart. When Kloster was
the ambassador to the Vatican, we would go to places
that were Roman era and Greek era museums and you'd
see coins that are still there. So they really become
kind of permanent additions to the store of value. And
(10:37):
in that sense, has there been a pretty significant growth
and just the number of collectors.
Speaker 2 (10:43):
I believe there has. And it's interesting. In nineteen eighty six,
when we started restriking American coins, both gold and silver,
you created a vessel that was worth investing in. Again,
our coin is before then had been reduced to very
little silver mostly copp mostly nickel. You lost actual silver
content in your quarters and your half dollars and such.
(11:06):
So when we came out with this new coin, it
was a one ounce coin silver specifically in this case,
so it's ninety nine point nine percent pure silver. That's
something that investors and collectors hadn't had the ability to
get into unless they went back years and started buying
true numismatic coins, coins that had a lot of rarity
(11:28):
to them, but also significantly more price because of that rarity.
So I think it sparked investors and collectors again. Collectors
now had something they could purchase that had the silver
that they wanted at a reasonable price. They didn't have
to go and buy it one hundred year old coin
for ten thousand dollars. And I think the mint did
(11:49):
an amazing job. Let me give them credit too, because
five hundred million ounces of silver, that's a lot of silver,
and they've kept it fresh and they've renewed the image
a little bit, and they've sure to keep people interested.
So congratulations to the men, it was a wonderful job,
but also congratulations to us because we now have a
vehicle that we can invest in and collect and it's
(12:10):
also a sound investment. So when you can mix the
art and the investment, it's a win for everybody.
Speaker 1 (12:26):
Throughout history, there are clearer moments that define our nation's path,
and now you can own a piece of that history.
I'm thrilled to announce the Newt Gingrich Contract with America
Coin from Legacy Precious Metals. My limited edition one ounce
silver coin commemorates the historic victory in nineteen ninety four
when the Republican Party under my leadership, took control of Congress.
(12:50):
The Newt Gingriish Contract with America Coin also symbolizes the
transformative political platform that led to landmark achievements like the
overhaul of the welfare system and the Balanced Budget Act.
This holiday season, give the gift of history. The Newt
Gingrish Contract with America Coin is more than an investment.
It's a tribute to honest government and to America. Available
(13:13):
to order right now by calling eight sixty six four
eight four for zero four to three. That's eight sixty
six four eight four for zero four to three, or
order online at Newt gingrishsilvercoin dot com. That's Newt gingrichsilvercoin
dot com. It's interesting to me too, and I have
(13:39):
to confess, given the problems the House Republicans have had
in trying to get themselves organized and trying to figure
out what they're doing, that there could not be a
better time to have come to me and talked about
a contract with America Coin. Because it was the first
Republican majority in forty years, it was the first re
(14:00):
elected majority since nineteen twenty eight. It really represented the
power of ideas. The things we stood for, balanced budget,
stopping criminals, developing the work ethic again with welfare reform.
I mean, these were very significant issues for the American people,
(14:20):
and they responded to it that way. We actually won
the national popular vote by six point eight percent. We
picked up fifty four seats that year, and then we
came back and as I said, got reelected for the
first time since nineteen twenty eight, and in the process
the negotiated with Bill Clinton and got the only four
consecutive balance budgets in your lifetime. So in many ways,
(14:45):
this is a historic coin that really represents an historic
moment that if we could recreate it today, we would
just be a heck a lot healthier country. Going back
to a balanced budget, into tax cuts, to locking up
criminals and making the streets safe and to recognizing the
importance of the work effic And the more I talked
(15:06):
with you, and the more we worked with your team
and worked with the Mint, the more close and I
looked at the design for the coin. Frankly, the more
excited we got that there really was a place for
a contract with America, a new ginglish silver coin.
Speaker 2 (15:21):
Absolutely, and you know, Nute, when we concede of this coin,
we designed it with a contract with America theme. This
coin is a historical reminder of where Republicans were in
nineteen ninety four, and I think this is important too.
It wasn't easy. I remember the struggle that happened to
get this to work. I remember in the news cycle.
(15:43):
It wasn't something that was overnight. But we had a
persistence then that we don't have now that we need
to get back. The Republicans need to get that persistence
back to focus on the good of everybody, the entire
United States, not just their little group of people, not
just their base. I think you put forth the effort
(16:06):
to do the right thing for everyone, and it wasn't
based on re election. That's not why you did it.
You even said if we don't do this, throw us out.
There's conviction there that I don't see from everyone in
politics nowadays. It's time to put down your own ideas
and embrace the American idea. I think that's what we
(16:28):
need to see more of. And I think this coin
is really important because this is exactly what you did.
You brought America to the forefront and doing right for America.
Speaker 1 (16:39):
When you're sworn as a member, you swear that you
will support and defend the Constitution of the United States
against all enemies foreign and domestic, that I will bear
true faith and allegiance to the same. And the point
I made was you got to put aside your personal grievances,
your personal pettiness. We've got to recognize that you have
(17:01):
a job to do that is patriotic for the country,
not for yourself. And I think they've really got to
get back to that kind of recognition that their jobs
are bigger than they are. Their jobs are the duty
of maintaining, preserving, and extending the freest country in the world.
And in that sense, I think that the commemorative contract
(17:23):
with America's silver coin is to me, it became a
lot more meaningful in the context of the current reminder
that if you don't have big ideas, if you don't
have a team willing to get up every day and
be persistent, if you're not prepared to fight for what
you believe in as a team, not just as egos
and individuals, the country has to be in real trouble.
(17:45):
In this coin in that sense, I think could be
a really good addition to the current political debate. And Charles,
I want to thank you for joining me. I want
to encourage our listeners to order the Commemorative Contract with
America's Silver Coin from Legacy Precious Medals by going to
Nut gingrichsilvercoin dot com or you can call Charles N.
(18:06):
Charles's team at Legacy Precious Medals at eight six six
four eight four four oh four three. That's eight sixty
six four eight four four oh four three. And thank you,
Charles for this terrific introduction.
Speaker 2 (18:22):
I want to thank you not just for lenning us
do the coin, but thank you for everything that you've
done in the life of service that you've put forth.
I think that made the coin easy. I think that
really made it something that needed to be commemorized.
Speaker 1 (18:35):
So thank you, Thank you, to my guest Charles Thornngren.
You can learn more about Legacy Precious Medals commemorative Contract
with America silver Coin at Newt Gingrichsilvercoin dot com. Nutrial
is produced by Gingrish three sixty and iHeartMedia. Our executive
producer is Guarnsey Sloan. Our researcher is Rachel Peterson. The
(18:57):
artwork for the show was created by Eve Penley Special
thanks to the team at Gingriish three sixty. If you've
been enjoying newts World, I hope you'll go to Apple
Podcasts and both rate us with five stars and give
us a review so others can learn what it's all about.
Right now, listeners of NEWT World can sign up for
my three freeweekly columns at gingrishthree sixty dot com slash newsletter.
(19:23):
I'm Newt Gingrich. This is newts World. This episode of
NEWT World was brought to you by Legacy Precious Medals.
Ever thought about owning a piece of history? Introducing the
Newt Gingrich Contract with America coin from Legacy Precious Medals.
(19:47):
My limited edition silver coin celebrates the historic Republican victory
in nineteen ninety four, marking a turning point in American politics.
Give a gift with real historical weight this season out
at Nut gingrichsilvercoin dot com. That's nutkingridgsilvercoin dot com
Ever thought about owning a piece of history. Introducing the
Nut Gingrich Contract with America Coin from Legacy Precious Metals.
My limited edition silvercoin celebrates the historic Republican victory in
nineteen ninety four, marking a turning point in American politics.
Give a gift with real historical weight this season. Order
(00:21):
now at Newt gingrichsilvercoin dot com. That's Newt Gingrichsilvercoin dot Com.
In this episode of Nuts World, I'm really pleased to
welcome back Charles Thorngren, founder and CEO of Legacy Precious Medals.
(00:41):
He's joining me today to talk about something that I
think is very exciting, the new Contract with America Commemorative Silvercoin.
It's a truly unique collector's item. I've watched its development,
I've watched the artwork that's gone into it, and I'm
very impressed. It can be purchased at Newt Gingrichsilvercoin dot Com.
(01:02):
And it's something I've never ever before been involved in,
and it's it's quite an adventure, and I'm really grateful
to Charles for taking me out here on this wild ride.
So Charles, welcome back, and thank you for joining me
(01:23):
again on nuts World.
Speaker 2 (01:24):
Oh, thank you, sir. It's pleasure to be back. And
when we talk about commemorating coins, I think it's just
so fitting that you should be on a coin. We
look at what's going on today and now, more than ever,
we need more men like you.
Speaker 1 (01:38):
I was going to say, this is one of those
cases where my stock has gone up because the market
has gone down. People now see so much chaos in
the House Republican Party that suddenly it looks better to
look back when the period where I was speaker. So
I think in that sense, you may be right. But
I was fascinated because when we got into this project,
which I had never thought about before talking with you
(02:00):
about it and thinking about it, there's a whole history
of silver mining and silver coin collecting in the United States,
and I think I really would intrigue our audience if
you could sort of give them a sense of the
history of silver as part of the currency of America,
and in particular the way in which silver coin collecting
(02:21):
became kind of its own thing.
Speaker 2 (02:23):
Absolutely, and it's an interesting history. You know, when we
originally set up the nation, this was the standard of commerce,
gold and silver, silver being more importantly because it was
more available it was in a form that was more
affordable for Americans. So you look into silver mining and
most people remember, you know, the comstock load. We've talked
(02:45):
so much about it in history, and that was in
eighteen fifty nine and that really led to the majority
of coinage of silver for the United States. And it
really was the heyday of silver coinage because of the
out of silver that was available and the ability for
the US to mint it freely. Up until recent history,
(03:07):
when we were still a new nation, we weren't even
using our own coinage yet, we were borrowing coinage from
the world for our currency. We're trading based on its
gold and silver value at the time. So that was
a really big movement for the US as we created
a currency of our own. So that commstock load was
important because it gave us the ability to generate currency
(03:28):
that was usable for the everyday man.
Speaker 1 (03:31):
It was Chris, because you've made me much more aware
of silver coins and coin collecting. I've been hearing about
the Morgan dollar. I'm curious because, first of all, why
it's called the Morgan dollar. But apparently we made a
huge number of them. But then we turned right around
and we actually melted a lot of them down. It's
(03:52):
a very interesting phenomenon, and I wonder if you could
sort of share with us that whole experience. Well.
Speaker 2 (03:57):
Absolutely, and it's kind of good for us to too nowadays.
There was dysfunction back then too, where they took currency
and just kind of destroyed it and then had the
reverse course. It's kind of nice to know that we're
not the only ones messing up the economy. But you
look at that Morgan silver dollar, and it was important
when the Morgan dollar came out. It was a beautiful coin,
(04:19):
but we had the beginning of other vehicles used in trade,
so more fiat currency was coming out at the time,
and it wasn't governmental fiat currency. It was from banks,
so there was competition. There was banknotes that you could
trade in your town from your local bank, which was
more convenient than silver at the time. But just like
(04:41):
all fiat currency, this ran into an issue, so you
got to the point where the demand for the silver
dollars dropped so they actually couldn't minting them at all
US facilities. And the Morgan dollar, it was a very
small run, very highly collectible coin too, one of the
real the attractive coins and preferred of the silver dollars
(05:03):
in the Morgan series come from the Corson City Mint,
and those arener a really significant premium, and you can
still find some of those around in fantastic shape. Some
of them even in the original holders that came from
the government, right from the mints, they still had that
same holder. So it's an interesting thing to think you've
got an investment, but you've also got this major piece
(05:25):
of US history as well, and from the Corson City
min it was an amazing piece.
Speaker 1 (05:30):
As we went through developing the contract with America's silver
coin that you're introducing, I began to realize how important
the designer was, and it's so important that the Morgan
dollars actually named for the designer. Morgan was the guy
who designed the currency, so was a name for some
president or some important politician. I had no idea until
(05:52):
we got into this project how intricate trying to design
to cast in silver coin size. It really does have
the contract with America on it. It's kind of amazing
how the designer figured all that out. And I noticed
that in terms of the uniqueness of the original Morgan
(06:12):
silver dollar that if you get one which is in
mint condition. They've sold for as much as seventeen five
hundred dollars because there now really works of art and
they're genuinely historic collection items.
Speaker 2 (06:26):
Absolutely, and that's the thing most people, I don't think understand.
Going through this processing, you have a much greater introduction
to it. Your knowledge is vastly more than most, and
you realize how those details are hard to come by.
You can't just get an average artist when you're creating
and striking a coin. You need an artist that knows
(06:48):
that medium because it's not a two D image. It's
a three D image with different depths and things that
go into that coin so that it has the ability
to replicate what you want. It's a true art form
and there's not that many artists out there that do it.
So we drew back to the relationships that we had
(07:08):
and we founded a magnificent artist and I think he's
done an amazing job. And this is why, like you
mentioned the Morgan Dollar, it's important because it was the
artist and that coin was so phenomenal. There's so many
variations on it that you see that scenario where you
have these coins worth you know, tremendous amounts of money,
seventeen thousand dollars for a coin that was once worth
(07:29):
a dollar. So finding the right artist and creating the
right piece really goes a long way for creating the value.
And I think that we've done an amazing job on
your coin specifically because one we're not just honoring you
and what you've done, but that contract with America that
was so important, and I think having that memoralized in silver,
(07:50):
I think is a very fitting thing for us and
for people to look at and say, let me honor
the goodness of politics a time when we could reach
across the island, compromise, even though there was differences. It's
an art form that we don't have in politics right now.
You don't see these value in coins anywhere either, so
(08:11):
it's very fitting that it comes together as such.
Speaker 1 (08:14):
And it's interesting to me that silver clearly is intrinsically
of value. I think at the present time it's around
almost twenty three dollars an ounce for silver itself. Historically,
silver and gold both have been reactions to inflation. I've
seen some startling projections that if the current inflation rate continues,
(08:37):
you're likely to see both of these precious metals go
up very dramatically.
Speaker 2 (08:42):
Absolutely, precious metals are important. They fight inflation. We all
know that. But what I think a lot of us
fail to realize is the way we report inflation nowadays
has changed substantially. If we use the old metrics, you're
talking about inflation in the high double digits right now,
something that we haven't seen for a very long time.
(09:03):
And I think you know that's important to realize that
there is a greater need than people realize at the moment.
And as we've always said, precious metal should be a
part of your portfolio. But I think with the coin,
it's interesting way to look at it and get started.
I've often told clients who begin to look at pieces
that are not just base metal and they start to
look at coinage, it's a history lesson. It's a gift
(09:25):
you can pass on to the kids and the grandkids.
But you have the ability then to talk about what
was going on at the time that this coin commemorates,
and I think that's an important lesson. It's a stunning coin,
and then you have the attention. I think the contract
with America is an important piece being on this coin
because it was something that we hadn't seen in politics
(09:46):
for a while, and honestly it's something we need today too.
So it's a wonderful investment, but it's also a fantastic
teaching moment.
Speaker 1 (09:54):
Well, you know, I was really surprised you have a
really large number of coin call. I think I had
no idea how big the market was, But I noticed
when we were looking at this and beginning to explore it,
that since nineteen eighty six there've been over five hundred
million ounces sold of the American Ego silver bullion coins.
(10:15):
I mean that is a lot of coin, you know,
unlike paper money that eventually falls apart. When Kloster was
the ambassador to the Vatican, we would go to places
that were Roman era and Greek era museums and you'd
see coins that are still there. So they really become
kind of permanent additions to the store of value. And
(10:37):
in that sense, has there been a pretty significant growth
and just the number of collectors.
Speaker 2 (10:43):
I believe there has. And it's interesting. In nineteen eighty six,
when we started restriking American coins, both gold and silver,
you created a vessel that was worth investing in. Again,
our coin is before then had been reduced to very
little silver mostly copp mostly nickel. You lost actual silver
content in your quarters and your half dollars and such.
(11:06):
So when we came out with this new coin, it
was a one ounce coin silver specifically in this case,
so it's ninety nine point nine percent pure silver. That's
something that investors and collectors hadn't had the ability to
get into unless they went back years and started buying
true numismatic coins, coins that had a lot of rarity
(11:28):
to them, but also significantly more price because of that rarity.
So I think it sparked investors and collectors again. Collectors
now had something they could purchase that had the silver
that they wanted at a reasonable price. They didn't have
to go and buy it one hundred year old coin
for ten thousand dollars. And I think the mint did
(11:49):
an amazing job. Let me give them credit too, because
five hundred million ounces of silver, that's a lot of silver,
and they've kept it fresh and they've renewed the image
a little bit, and they've sure to keep people interested.
So congratulations to the men, it was a wonderful job,
but also congratulations to us because we now have a
vehicle that we can invest in and collect and it's
(12:10):
also a sound investment. So when you can mix the
art and the investment, it's a win for everybody.
Speaker 1 (12:26):
Throughout history, there are clearer moments that define our nation's path,
and now you can own a piece of that history.
I'm thrilled to announce the Newt Gingrich Contract with America
Coin from Legacy Precious Metals. My limited edition one ounce
silver coin commemorates the historic victory in nineteen ninety four
when the Republican Party under my leadership, took control of Congress.
(12:50):
The Newt Gingriish Contract with America Coin also symbolizes the
transformative political platform that led to landmark achievements like the
overhaul of the welfare system and the Balanced Budget Act.
This holiday season, give the gift of history. The Newt
Gingrish Contract with America Coin is more than an investment.
It's a tribute to honest government and to America. Available
(13:13):
to order right now by calling eight sixty six four
eight four for zero four to three. That's eight sixty
six four eight four for zero four to three, or
order online at Newt gingrishsilvercoin dot com. That's Newt gingrichsilvercoin
dot com. It's interesting to me too, and I have
(13:39):
to confess, given the problems the House Republicans have had
in trying to get themselves organized and trying to figure
out what they're doing, that there could not be a
better time to have come to me and talked about
a contract with America Coin. Because it was the first
Republican majority in forty years, it was the first re
(14:00):
elected majority since nineteen twenty eight. It really represented the
power of ideas. The things we stood for, balanced budget,
stopping criminals, developing the work ethic again with welfare reform.
I mean, these were very significant issues for the American people,
(14:20):
and they responded to it that way. We actually won
the national popular vote by six point eight percent. We
picked up fifty four seats that year, and then we
came back and as I said, got reelected for the
first time since nineteen twenty eight, and in the process
the negotiated with Bill Clinton and got the only four
consecutive balance budgets in your lifetime. So in many ways,
(14:45):
this is a historic coin that really represents an historic
moment that if we could recreate it today, we would
just be a heck a lot healthier country. Going back
to a balanced budget, into tax cuts, to locking up
criminals and making the streets safe and to recognizing the
importance of the work effic And the more I talked
(15:06):
with you, and the more we worked with your team
and worked with the Mint, the more close and I
looked at the design for the coin. Frankly, the more
excited we got that there really was a place for
a contract with America, a new ginglish silver coin.
Speaker 2 (15:21):
Absolutely, and you know, Nute, when we concede of this coin,
we designed it with a contract with America theme. This
coin is a historical reminder of where Republicans were in
nineteen ninety four, and I think this is important too.
It wasn't easy. I remember the struggle that happened to
get this to work. I remember in the news cycle.
(15:43):
It wasn't something that was overnight. But we had a
persistence then that we don't have now that we need
to get back. The Republicans need to get that persistence
back to focus on the good of everybody, the entire
United States, not just their little group of people, not
just their base. I think you put forth the effort
(16:06):
to do the right thing for everyone, and it wasn't
based on re election. That's not why you did it.
You even said if we don't do this, throw us out.
There's conviction there that I don't see from everyone in
politics nowadays. It's time to put down your own ideas
and embrace the American idea. I think that's what we
(16:28):
need to see more of. And I think this coin
is really important because this is exactly what you did.
You brought America to the forefront and doing right for America.
Speaker 1 (16:39):
When you're sworn as a member, you swear that you
will support and defend the Constitution of the United States
against all enemies foreign and domestic, that I will bear
true faith and allegiance to the same. And the point
I made was you got to put aside your personal grievances,
your personal pettiness. We've got to recognize that you have
(17:01):
a job to do that is patriotic for the country,
not for yourself. And I think they've really got to
get back to that kind of recognition that their jobs
are bigger than they are. Their jobs are the duty
of maintaining, preserving, and extending the freest country in the world.
And in that sense, I think that the commemorative contract
(17:23):
with America's silver coin is to me, it became a
lot more meaningful in the context of the current reminder
that if you don't have big ideas, if you don't
have a team willing to get up every day and
be persistent, if you're not prepared to fight for what
you believe in as a team, not just as egos
and individuals, the country has to be in real trouble.
(17:45):
In this coin in that sense, I think could be
a really good addition to the current political debate. And Charles,
I want to thank you for joining me. I want
to encourage our listeners to order the Commemorative Contract with
America's Silver Coin from Legacy Precious Medals by going to
Nut gingrichsilvercoin dot com or you can call Charles N.
(18:06):
Charles's team at Legacy Precious Medals at eight six six
four eight four four oh four three. That's eight sixty
six four eight four four oh four three. And thank you,
Charles for this terrific introduction.
Speaker 2 (18:22):
I want to thank you not just for lenning us
do the coin, but thank you for everything that you've
done in the life of service that you've put forth.
I think that made the coin easy. I think that
really made it something that needed to be commemorized.
Speaker 1 (18:35):
So thank you, Thank you, to my guest Charles Thornngren.
You can learn more about Legacy Precious Medals commemorative Contract
with America silver Coin at Newt Gingrichsilvercoin dot com. Nutrial
is produced by Gingrish three sixty and iHeartMedia. Our executive
producer is Guarnsey Sloan. Our researcher is Rachel Peterson. The
(18:57):
artwork for the show was created by Eve Penley Special
thanks to the team at Gingriish three sixty. If you've
been enjoying newts World, I hope you'll go to Apple
Podcasts and both rate us with five stars and give
us a review so others can learn what it's all about.
Right now, listeners of NEWT World can sign up for
my three freeweekly columns at gingrishthree sixty dot com slash newsletter.
(19:23):
I'm Newt Gingrich. This is newts World. This episode of
NEWT World was brought to you by Legacy Precious Medals.
Ever thought about owning a piece of history? Introducing the
Newt Gingrich Contract with America coin from Legacy Precious Medals.
(19:47):
My limited edition silver coin celebrates the historic Republican victory
in nineteen ninety four, marking a turning point in American politics.
Give a gift with real historical weight this season out
at Nut gingrichsilvercoin dot com. That's nutkingridgsilvercoin dot com
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