Gold Eagle Price

Gold and silver prices declined for a fifth straight session Thursday, although both metals still scored sharp monthly gains. Platinum and palladium advanced on the day but only former posted an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Patrick A. Heller In my experience as a coin dealer since 1981, putting customers first results in long-term customer patronage. Long-term customers are far more profitable over time than a larger number of one-shot patrons. As I have shared with the staff at the company where I work, “If you take care of your customers, your customers will take care of you.” This is probably great advice for every kind of business. Coin dealers can make a profit by selling merchandise at a higher price than what it would cost to replace it. Collectors, above and beyond the enjoyment of being able to own fascinating and historic treasures, have a different time frame than dealers. Therefore, the collector can potentially make a profit in the longer term. This makes it possible, but does not guarantee, that both the dealer who sells it and the collector who buys an item could end up making a profit on the same piece. Coin dealers, like all businesses, seek additional ways to sell more merchandise

The current enormous demand and limited supply of silver and gold bullion coins and other precious metals items during the COVID-19 pandemic have created a breeding ground for the distribution of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The United States Mint's best weekly seller was its most recently released product, the 2020 Silver Proof Set which includes 10 proof coins from the San Francisco Mint and comes with a bonus reverse... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

San Francisco Mint facility. (Image courtesy U.S. Mint) The United States Mint facility at San Francisco will resume operations the morning of Monday, May 4, 2020, utilizing a reduced staffing plan in order to maintain social distancing, the Mint announced in an official email statement April 29. San Francisco operations were temporarily suspended on March 17, 2020, to reduce employee risk of exposure to COVID-19. This measure was taken during the early stages of COVID-19 outbreaks in the San Francisco Bay Area. “The health, safety, and well-being of the Mint workforce remain my highest priority,” said Mint Director David J. Ryder.  “I made this decision following extensive contemplation as well as discussions with the leadership team at the Mint facility at San Francisco.  I believe the additional measures we have put in place in San Francisco will reduce the risk of employee exposure to COVID-19, and that we can safely resume operations at our San Francisco facility.” During t

Monster Gains in Mining Stocks Bode Well for #Gold and #Silver https://t.co/0KnscoJTT4 — Money Metals Exchange LLC (@MoneyMetals) April 30, 2020 https://platform.twitter.com/widgets.js Monster Gains in Mining Stocks Bode Well for Gold and Silver The financial media is touting the S&P 500’s surge of more than 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chunk of their 2020 losses, the major averages and nearly all sectors within them are still down significantly for the year. Find Out More: https://t.co/uDT0u7pgrT from Precious Metals News from Gold Eagle Price – Price of Silver Oz

        Optimistic hobbyists attempting to put a summer show schedule in place will have to cross Baltimore off the list. The Whitman Coin & Collectibles Expo, originally scheduled for June 18-20 at the Baltimore Convention Center, has been canceled. The decision was made due to “Maryland’s ongoing state of emergency, declared March 12 by Governor Larry Hogan to help control the COVID-19 coronavirus pandemic,” according to a statement on the show’s website . “Part of Maryland’s containment strategies include restricting public access to state buildings and controlling public events.” The official auction held in coordination with the expo, conducted by Stack’s Bowers Galleries, will still take place, only now at the firm’s home offices in California. For details and updates, keep an eye to www.stacksbowers.com . “Social distancing is a crucial part of Maryland’s strategy for flattening the hospital-capacity curve,” said Lori Kraft, Whitman Expo general manager. “The state c

I’ve made the decision to sell in bulk my 1960-2019 U.S. Mint standard proof sets. Before I sell these sets, I want to check them for major errors. I’ve reviewed my Mega Red Book and found a handful or so of sets listed with major mint errors; where else do you suggest I look? Is there a book or website you can direct me to? You can expect anything considered to be a major error to be listed in any price guide. This includes the U.S. Coin Digest guide. Among reliable websites is coinsite.com/proof-coins-proof-sets. Consider Cherrypickers’ Guide to Rare Die Varieties of United States Coins and Strikes for anything more esoteric.         A dealer was selling slabbed clad statehood quarters for a dollar apiece at a recent coin show. How can he afford to sell these inexpensive coins this low, considering the additional cost of having had them slabbed? Some dealers send large volumes of like modern coins to third-party certification services, who give them a discount on the price of e

As the stay or safe at home orders continue, news in the investing world around coins and bullion is whether there will be a recovery and what will happen. While investors are turning to gold as the equity markets are less than stable, reports that bullion and bullion-related warrants are outselling all coin offerings. Even […]

By Radek Molchan I am a Young Numismatist, and I come from a family that has no knowledge or interest in numismatics. I have been a page for many coins shows and I exhibit as much as possible. I enjoy the competition of the exhibits, and I enjoy being a page for the simple fact that if you work hard, you can make a little money and get some coins to add to your collection. Because I am around lots of dealers and people who are interested in coins, I have heard a consistent theme, “we have to get young people into coins or we won’t have our next generation of coin collectors.” It is also a common theme I read in coin magazines, I hear discussed and I get asked about most likely because I am the very youth they are trying to attract for the future. I think the biggest failing in numismatics is that no one is asking the youth and no one is understanding what we are interested in. Let me provide an example from an exhibit standpoint. Exhibits can be fun and very rewarding, especially whe

By Peter Huntoon Every once in a while, a national goes by that simply takes your breath away. This 1902 plain back from Key West is just such a note. It appeared Stack’s Bowers’ Spring 2019 Baltimore sale as lot 6008. It is flawless with full top margin and brilliantly penned signatures of the cashier and vice president. They didn’t win any penmanship awards but their signatures add greatly to the note, especially for a 1902 blue seal where signatures were usually rubber-stamped. Key West is the southernmost town in the continental U. S. at the end of the U. S. 1 causeway built to the island. The bank was a modest affair and notes from it always have been in high demand. This note is in a holder with a ridiculous grade of Very Fine. It is really an uncirculated presentation piece that probably exhibits some handling. If I owned it, that holder would hit the trash faster than you could write the serial number. It is nonsense. The grade VF no longer has meaning. I see VFs go by in ho

Profitable Collecting Takes Patience The April 14 edition of Numismatic News was excellent! Working from home has not affected your ability to put out a great product. The “Viewpoint” by CPA Ron Thompson was insightful. With most of the piece easy to agree with, a few ideas may be viewed differently. The accountant is not the “bean counter” that most people are referring to when the term is employed. The bean counter is the production manager who is so stingy that his decision costs his company much more than his penury saves in production cost; he saves 10 cents to install a poor quality part that costs the customer hundreds in future repairs or the company millions of dollars in product liability lawsuits. The auto industry is famous for bean-counter management. At the U.S. Mint, the bean counters are the decision-makers who alienate long-term customers with bonehead policies designed to boost short-term profits. The problem is chronic in management throughout the United States

I found my second “W” quarter in the same place I found the first one back in September 2019; emptying the quarters from one of the pool tables at work. It is another Lowell design, but in a much nicer condition than the first one I found. It would probably grade about MS-63 due to a couple of heavy bag marks on the obverse. Daryl Conley Truth or Consequences, New Mexico   When paying for purchases with my debit card, I always get $3.00 cashback in quarters to search for 2019-W Washington Quarters. While paying for my groceries recently using my debit card, I got $3.00 cashback in quarters, which were 2019 Lowell Park. After getting home and going through them, to my surprise out of the 12 quarters, two had the 2019-W mint mark. On another occasion, I received a 2019-W San Antonio Mission quarter. This is a great way to search for 2019 “W” mint mark quarters without going to the bank. Ken Copeland Chesapeake, Va.   These finds are different from your usual reported ones. When I

From the April 17, 2020, Numismatic News E-NewsLetter How do you think the landscape of the hobby will look once the pandemic is over and the market settles down? Here are some answers sent in from our E-Newsletter readers.   Primary sales will be online and auctions. Face-to-face purchases will be reduced considerably. This change brings two issues to light: 1) It becomes more important to understand the return policy, and 2) Consider the buyer’s premium when purchasing. In the long run, we will most likely see a down market. William Atkinson Address Withheld   The number of infections and deaths attributed to the coronavirus play on your mind. Isolation and personal protection through distancing are ingrained. I believe the crowds we’re accustomed to seeing jostling through coin shows will cease. Maybe a predetermined quantity of people will be let into a venue, and for every party that exits a new one is let in. Coin shops may be OK since traffic is a minor issue. Internet,

Contrary to popular belief, you can put metal in your microwave oven. It will not make your oven explode or catch fire. But that does not mean it is a safe thing to do. Microwaves work by shooting electrons at whatever it finds. The electrons create friction as it passes through the surfaces and generates […]

An 1858 Eagle certified by Numismatic Guaranty Corporation® (NGCcoin.com) realized nearly half a million dollars to top Heritage Auctions' high-profile Central States Numismatic Society (CSNS)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

For a third straight session Wednesday, platinum gained as gold and silver declined. Palladium also advanced on the day, its first increase in four sessions. Losses in gold and silver were actually... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The United States Mint facility at San Francisco will resume operations the morning of Monday, May 4, 2020, utilizing a reduced staffing plan in order to maintain social distancing. San Francisco... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

From the April 24, 2020, Numismatic News E-NewsLetter If you had to pick just one, what coin design is your favorite? Here are some answers sent in from our E-Newsletter readers.   The Liberty half dollar. J. Clem  Ky. I think our best coin design was the Walking Liberty half dollar with lady liberty on the obverse and a great eagle on the reverse. Howard Rogers St Albans, West Va.    My favorite is the flying eagle. I remember my grandfather had one. I always looked at it because I loved it and was fascinated by it. Unfortunately, it later was stolen. Marleen Flugge Renwick, Iowa   My favorite coin design is the Morgan dollar. Marc Heimerl Green Bay, Wis.   My favorite is the 1921 High Relief Peace dollar. Gary Silvers Address Withheld   Buffalo nickel. Ed Woolsey Address Withheld   George and the Dragon on a crown-size coin. Jim Duncan Auckland, New Zealand   The $10 Indian gold eagle. James McKinney Address Withheld   St. Gaudens double eagle. Tom

By Q. David Bowers This week I share some comments from my 2002 book on the S.S. Central America . That was 18 years ago, but in some ways, it seems like yesterday: The San Francisco Mint, which opened for business in spring 1854, plays a central role in the saga of the S.S. Central America, as the majority of coins recovered from that ship are double eagles bearing “S” mintmarks, including for all years 1854 through 1857. Among the latest-dated 1857-S coins, nearly all are in full Mint State, and some challenge the definition of perfection. Description of the New Mint The Sacramento Union, January 11, 1854, gave a view of the San Francisco Mint facilities, then in the process of being completed: The California Mint will be ready for delivery to the government in February. It will be capable of coining $100,000,000 per annum. The machinery is of the most approved style and finish, and the house adapted in every respect to receive and sustain the weight and force exerted by the

Paper Money Guaranty® (PMG®) is proud to announce that it has now graded 5 million notes, becoming the first third-party grading service to achieve this important industry milestone. PMG's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

For a second straight session, platinum prices increased while those for gold, silver and palladium declined. Gold for June delivery dipped $1.60, or 0.09%, to settle at $1,722.20 an ounce on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The XXIV Olympic Winter Games will take place in Beijing and Zhangjiakou Feb. 4-20, 2022. This is the first time China is hosting the Winter Olympic Games, and Beijing will become the first city to host both the Summer and Winter Olympic Games. To commemorate this event, the People’s Bank of China is issuing commemorative coins and bank notes for the XXIV Olympic Winter Games and is holding a worldwide contest for design submissions. The contest is open to institutions and artists alike. There will be two circulating standard commemorative coins with 5 yuan as the face value, two commemorative bank notes with 20 yuan as the face value, and 19 gold and silver commemorative coins that are listed here . The submission deadline is May 20, 2020. China Banknote Printing and Minting Corporation will award the winners of circulating standard commemorative coins and commemorative bank notes, and China Gold Coin Incorporated will award the winners of gold and silver commemorative coins. The a

This 1938 Washington quarter is graded PR-64 by NGC. (Images courtesy Heritage Auctions) A better date when it comes to a Philadelphia Washington quarter can be a relative matter. The 1938 Washington quarter is certainly better than the 1964 but with a total mintage of 564,341,347, it is probably easy to make the case that almost any quarter produced is better than the 1964. In fact, it is not easy to make a case that any Philadelphia Washington quarter is especially good. The lowest mintage of the Philadelphia Washington quarters turned out to be the 1932, which had a total mintage of 5,404,000. You do not see many quarter mintages like that anymore but it is also fair to point out that it is no longer 1932. Even the low total of the 1932 comes with questions since it was the first year of the design. That usually means some additional saving and that seems to have been the case for the 1932 as it is $45 in MS-60, while an MS-65 is $250. It does not bode well for other Philadelph

What’s Next, Trillion-Dollar #Coins ? https://t.co/GNZIU3RnFi — Money Metals Exchange LLC (@MoneyMetals) April 28, 2020 https://platform.twitter.com/widgets.js What’s Next, Trillion-Dollar Coins? Most taxpayers have already received their $1,200 “stimulus” payments. However, that one-time payment will do little to repair the long-term financial health of the 26 million (and rising) who are newly unemployed. And it surely won’t bail out all the small business owners who were callously deemed “non-essential” and forced to shut down during this pandemic. A national WalletHub survey found that 84% of Americans want another stimulus check. Find Out More: https://t.co/8HHTrF0BtR from Precious Metals News from Gold Eagle Price – Price of Silver Oz

        Optimistic hobbyists attempting to put a summer show schedule in place will have to cross Baltimore off the list. The Whitman Coin & Collectibles Expo, originally scheduled for June 18-20 at the Baltimore Convention Center, has been cancelled. The decision was made due to “Maryland’s ongoing state of emergency, declared March 12 by Governor Larry Hogan to help control the COVID-19 coronavirus pandemic,” according to a statement on the show’s website . “Part of Maryland’s containment strategies include restricting public access to state buildings and controlling public events.” The official auction held in coordination with the expo, conducted by Stack’s Bowers Galleries, will still take place, only now at the firm’s home offices in California. For details and updates, keep an eye to www.stacksbowers.com . “Social distancing is a crucial part of Maryland’s strategy for flattening the hospital-capacity curve,” said Lori Kraft, Whitman Expo general manager. “The state

In kicking off the new trading week on Monday, platinum gained while gold, silver and palladium declined. Gold for June delivery lost $11.80, or 0.7%, to settle at $1,723.80 an ounce on the Comex... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I’ve made the decision to sell in bulk my 1960-2019 U.S. Mint standard proof sets. Before I sell these sets, I want to check them for major errors. I’ve reviewed my Mega Red Book and found a handful or so of sets listed with major mint errors; where else do you suggest I look? Is there a book or website you can direct me to? You can expect anything considered to be a major error to be listed in any price guide. This includes the U.S. Coin Digest guide. Among reliable websites is coinsite.com/proof-coins-proof-sets. Consider Cherrypickers’ Guide to Rare Die Varieties of United States Coins and Strikes for anything more esoteric.         A dealer was selling slabbed clad statehood quarters for a dollar apiece at a recent coin show. How can he afford to sell these inexpensive coins this low, considering the additional cost of having had them slabbed? Some dealers send large volumes of like modern coins to third-party certification services, who give them a discount on the price of e