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Showing posts from February, 2020

Gold, Silver and Platinum Drop In February; U.S. Mint Bullion Sales Slow

Precious metals tumbled Friday, cementing their across-the-board weekly losses even after several of them registered milestone highs earlier in the week. All but palladium posted declines in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Letters to the Editor: March 17, 2020

Boycott the Mint I too was mad at the Mint for the way they handled the November American silver eagle fiasco. It’s amazing that 30,000 were sold in 10 minutes. I tried to get through at noon as usual, but there was a busy signal. It’s too bad us collectors can’t hold off buying from the mint for one month. I wonder what they would do. John Daniels Jr. Rock Hill, S.C.   How to Gain New Collectors I see this question all the time: What can we do to bring new collectors into the hobby? I think the answer is really simple and here is what I do. I take all my old numismatic publications when I am done with them and put them in doctor’s offices, dentist’s offices, barbershops, gyms, etc. I put them anywhere there are magazines. My favorite is one of the local grocery stores who has a bookcase where you can leave books and magazines or take them. Every time I have dropped off numismatic publications, they are gone within a day! People are hungry for this stuff but they don’t know it ex

Coronavirus Fears Impact Cash

By Richard Giedroyc  Talk about dirty money! What about money laundering? Fear of the coronavirus epidemic spreading worldwide is resurrecting the urban legend about how germs on our physical money may be making us sick. At the time this article was being written no one yet knew for certain how the coronavirus (officially known as COVID-19) is spread. It was known the disease can be passed person to person, but if the spread is generated through breathing the same air, touching an infected person, touching bank notes the infected person used, or some other mechanism is yet to be learned. It has been verified the disease is zoonotic, having been initially spread from animals to humans at an illegal live animal market in Wuhan, China. The market has since been shut down by authorities, but not before the virus had spread. Since that time travel between China and the rest of the world has been limited in an effort to contain spread of the disease. Travel within China has also been limi

Distinguished chariots on Roman Coins

Ancient civilizations used chariots for war, racing, processions, and travel. Its evidence is reflected through the coinage of the Roman civilization.  On these ancient coins the chariots are illustrated being driven by emperors, important personages and even gods and goddesses. The chariots are usually pulled by the horse but in this coinage, we also get chariots pulled by serpents, elephants, bulls, etc. The excitement related to the chariot is quite archetypal. The Latin words ‘Carrus’ is the root of the English word ‘chariot’. The descriptions of Roman historian and the excitement expressed in there writing was phenomenal when they talk about the chariot racing around the Circus Maximum in Rome.  Some of the animals were particularly assigned to pull the chariot for the important people of the empire. So let’s explore the amazing illustration of chariots on Roman coins.     Biga: Chariot pulled by two horses or other animals The above-shown image consists of Roman coins illust

Community Voice Response: March 17, 2020

From the Feb. 21, 2020, Numismatic News E-NewsLetter The Morgan dollar is one of the most popular coins to collect. What role has it played in your collecting journey? Here are some answers sent in from our E-Newsletter readers.   My grandfather gave me several Morgan dollars back in 1955 when I turned seven. It really got me interested in coin collecting and history. I’m now 72, still collecting coins and recently retired after 48 years of teaching history. So, I would say that the Morgan dollar was quite instrumental in my life. Chuck Chinici via Facebook   I’ve only started actively collecting coins and have yet to add any Morgan silver dollars to my collection, but I will be studying and learning about them. They are a favorite of mine because of our affinity for the old American West. I truly believe all of the best quality Morgans will continue to increase in price. Have a Great Day! Daniel Surles Coolidge, Ga.   I collect early American copper coins. Although I hav

New Calls for Central Bank Intervention on Coronavirus Panic

Greg Weldon: Could Get Worse for Markets But Is a Gold/Silver Buying Opportunity #moneymetals https://t.co/o4FZm7MGak — Money Metals Exchange LLC (@MoneyMetals) February 28, 2020 https://platform.twitter.com/widgets.js Greg Weldon: Could Get Worse for Markets But Is a Gold/Silver Buying Opportunity Wall Street is suffering its most severe weekly drop – more than 15% as of Friday morning — since the financial crisis of 2008. By Thursday, panic selling had already set in as the Dow plunged 1,200 points in its worst single day point loss on record, though not its worst day in percentage terms. Back in October 1987, the stock market crashed by over 20% in a single day. In retrospect, that represented a fantastic buying opportunity. Some fantastic buying opportunities will also emerge from the current carnage. Whether it’s the Dow, or the much more severely beaten up energy sector, or perhaps the much longer-term depressed silver market remains to be seen. Find Out More: https://t.

Coronavirus Fears Boost Spot Price of Gold

The soaring price of gold coupled with an increasing number of significantly rare and expensive coins appearing in recent auctions bode well for the near-future business of coins. While a strong stock market offers discretionary money, with which to encourage diversification through buying collectibles as hard assets, fears such as those due to the economic impact of the coronavirus are boosting the spot price of gold. Bullion and heavily bullion-impacted silver and especially gold coins are drawing a lot of interest from investors, likely for this reason. (The spot price of silver still lags increases in gold values in terms of percentage.) Many of the 18th and 19th century U.S. coins are now performing well. Late 19th and early 20th century key-date coin prices continue to be soft, although the ultra high grade certified examples still perform well at auction. The laggards are primarily the collectible-by-generally-available 20th century business strike coins as well as Morgan and

Rare Georgia Gold Rush Coin Brings Record $480,000 in Atlanta

A rare Georgia gold rush-era Templeton Reid $2.50 denomination gold coin made in 1830 was sold at auction in Atlanta for a record price of $480,000 by Kagin’s, Inc. of Tiburon, Calif., on Feb. 27, 2020. The buyer is a Georgia-based collector who wants to remain anonymous, according to the auction house. (Photo courtesy of Professional Coin Grading Service www.PCGS.com) On Thursday, Feb. 27, a small gold coin with a face value of $2.50 when it was struck in northern Georgia in 1830 sold for a record price of $480,000 to an anonymous Georgia collector in an auction in Atlanta. It is one of the finest known of less than two dozen surviving examples privately struck by Milledgeville, Ga. cotton gin mill manufacturer Templeton Reid during the state’s historic 19th-century gold rush. “The Georgia and North Carolina gold rush period started in 1828, about two decades before the California Gold Rush, and this important gold piece was made in 1830 to help alleviate a coin shortage at the ti

Georgia-Struck 1830 Gold Coin Sells For Record $480,000 in Atlanta

A small gold coin with a face value of $2.50 when it was struck in northern Georgia in 1830 sold for a record price of $480,000 to an anonymous Georgia collector in an auction in Atlanta Thursday... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CCAC to Review Designs for 2020 Bush Coins and 2021 American Innovation Dollars

The Citizens Coinage Advisory Committee (CCAC) will hold a two-day public meeting beginning Tuesday, March 10, to review and discuss candidate designs for 2020 coins honoring George H.W. and Barbara... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The health of the hobby, 2020

For several years when I was a kid, my father and I would plant, nurture, and eventually harvest a big vegetable garden. It was something special he and I shared—my one older brother still living at home didn’t really take to it; my mother helped, but she focused mainly on her flower gardens. It was Dad and I who planned the vegetable garden, plotted its layout on graph paper late each winter or early in the spring, and did most of the work. Now, umpteen years later, Dad still grows a garden each year. When we catch up by phone or in person, I get an update on how everything is doing—what’s growing well or poorly, what’s been affected by the weather, and what’s seeing a good yield. How do you measure the grassroots health of a hobby? I’ve always felt that the number, depth, and quality of books, magazines, and other products that serve a hobby (like coin-collecting) make good measuring sticks. These are better gauges than just looking at auction records and top-end sale prices. It’s

Gold Slides For Third Day; Palladium Gets Another Record

Gold ended lower Thursday for a third day in a row after eight straight session gains that had lifted prices to their best level since early 2013. Palladium was the only metal higher on the day,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

U.S. Mint 2020 Proof Set Purchase Includes Premium ‘W’ Nickel

New coins for collectors become available today as part of the U.S. Mint's clad 2020 Proof Set. This signature annual offering is always popular with collectors but this year we should see enhanced... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Long Beach Expo Auctions Bring $13 Million at Heritage Auctions

The Long Beach Expo was Feb. 20-23 and Heritage Auctions brought in the big bucks. The piece that took top lot during the Expo’s U.S. Coins section was an 1875 $10 in AU-50 that realized $360,000. (shown below). All Images Courtesy Heritage Auctions   Only 100 business-strike Liberty eagles were struck in 1875, making it the lowest mintage regular-issue U.S. gold coin and the premier rarity of the series. “The 1875 $10 was a leader from the stellar Harvey B. Jacobson Collection of Liberty Eagles,” said Jim Halperin, Co-Founder of Heritage Auctions. “We were extremely proud to present this collection and collectors responded in kind.” Jacobson’s collection brought a combined $3,220,896 and also offered the auction’s second-rarest Liberty Head Eagle, the  1864-S Liberty Eagle, XF-45 , which found a buyer at $126,000. The 1864-S is the rarest eagle from San Francisco with no other year claiming a smaller mintage than 1864, when just 2,500 examples were struck. There are an estimat

The backstory to this coin’s design is very intriguing…

Buy Pre-1933 Double Eagle #Gold #Coins at Just Above Melt Value https://t.co/RvXXSl3NU2 — Money Metals Exchange LLC (@MoneyMetals) February 27, 2020 https://platform.twitter.com/widgets.js Buy Pre-1933 Double Eagle Gold Coins at Just Above Melt Value Striding Liberty (obverse) – The obverse gets its design directly from Saint Gauden’s original sculpture of the General William T. Sherman monument in Central Park, New York City. It shows Lady Liberty walking while holding a torch and olive branch. The design would later be reused for the American Gold Eagle obverse as well. Soaring Eagle (reverse) – The reverse design features an American eagle flying above the sun and its rays. Find Out More: https://t.co/zrrBTEyXLj from Precious Metals News from Gold Eagle Price – Price of Silver Oz

Anti-Counterfeiting Seminar Produces Results In Fight Against Fakes

A seminar for law enforcement officials conducted by the Anti-Counterfeiting Educational Foundation (ACEF) during the recent February 2020 Long Beach Coin, Currency, Stamp & Sports Collectibles... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gold Sheds 0.4%; Palladium Posts Record; US Mint Bullion Sales Reported

Gold prices declined for a second day in a row Wednesday following eight straight session gains. Palladium, meanwhile, logged another new record. Gold for April delivery shed $6.90, or 0.4%, to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Heritage Auctions’ Early-January Numismatic Signature Sales Exceed $68.8 Million

Distributed on behalf of Heritage Auctions DALLAS, Texas (February 3, 2020) – Heritage Auctions  announced Monday, Feb. 3, that its  numismatic Signature Auction sales in the first part of January totaled a combined  $68,811,129 from auctions held during the Florida United Numismatic Convention and the New York International Numismatic Convention conventions. Sales spanned U.S. Coins, U.S. Currency, World Paper Money, and World & Ancient Coins and were only offered as part of official FUN & NYINC Convention auctions. The sale total does not include January’s weekly auctions, month-long auctions, or private numismatic sales. “We were especially pleased about the house and world records achieved across U.S. and World coins,” said Greg Rohan, President of Heritage Auctions. “These two events are among the largest of the year and we’re delighted to deliver powerhouse results to our clients.” The 1927-S double eagle that sold for $2,160,000.00 at the FUN 2020 show. (All images