Gold Eagle Price

Precious metals prices increased Friday, padding their gains in July. Gold was one of the biggest winners. The yellow metal notched another record after falling on Thursday for its first loss in ten... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Buyers of physical gold and silver during the 2020 "Gold Rush" should be wary of potential counterfeits in the marketplace, mistaking plated "gold coins" for bullion products, and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A China 1910 Yunnan Silver Dollar certified by Numismatic Guaranty Corporation (NGC) realized an outstanding $660,000 USD at a Heritage Auctions sale June 12, 2020. This is one of the highest prices... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Richard Giedroyc Silver rather than gold is where the action is! Gold bullion and readily available business strike gold coins prior to 1933 are holding their own following a significant price run-up to an all-time record for gold. It now appears silver is doing more than just catching up. The spot price of silver has a long way to go to reach an all-time record of about $50 an ounce, but silver American Eagles and bullion-impacted common silver coins issued through 1964 are rising quickly in price as is the spot price of their content. This, in turn, raises the question of how far this bullion impacted coin market may go. The precious metals rally so heavily impacting so many intrinsic value coins is being driven by declining U.S. government bond returns, which suggest interest rates will remain low. Adding fuel to the numismatic fire, the mint is now asking dealers to provide their 10-day and 90-day forecasts for demand in order to plan production priorities. It has been learn...

My posts with the titles “SCAM ALERT” has been the most popular posts in the last few months. They warn about these Chinese scammers. After buying two of these coins and examining several websites sent to me by readers, my analysis has lead me to the following: The scammers are in Shenzen, China It may […]

This week, the price of gold reached an all-time high price against the U.S. dollar. It closed Wednesday this week on the COMEX at $1,953.50 per troy ounce, well above even intraday gold prices during the previous peak in September 2011. Gold had previously set all-time high record prices against almost every other world currency last week. However, this record-high gold price needs to be noted with an asterisk. The reason the asterisk is needed is that the value of the U.S. dollar itself has declined over the years. As a consequence, the price of gold this week, if compared to a U.S. dollar of consistent purchasing power, is lower than the previous peak price in September 2011 of about $1,924 and even further below the January 1980 peak of about $850. To give you some idea of the instability of the value of the U.S. dollar, just compare the M2 definition of the U.S. money supply, courtesy of the Federal Reserve Bank of St. Louis: January 1980:      ...

Precious metals declined Thursday, posting losses ranging from 0.5% for gold to 5.6% for palladium. Gold's decline was its first in ten sessions and follows a streak of four straight record... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

U.S. Mint sales picked up some for the week ending July 26, supported by the release of the 2020-S Reverse Proof Connecticut American Innovation Dollar. Priced at $11.50, the collectible logged... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This 1794 half cent is graded XF-45 by Numismatic Guaranty Corporation. (Images courtesy Heritage Auctions, www.ha.com) There are a lot of interesting questions to be raised about the 1794 half cent, and in some cases the only one who can answer the question is you. That makes the 1794 half cent a piece that no two collectors may view the same way. The half cent situation in 1794 was somewhat unsettled. In fact, virtually everything at the United States Mint in 1794 was somewhat unsettled. It was, after all, only the second year of its operation, and the first year had been chaotic. There had been large cent and half cent production only in 1793 thanks to a dispute over a $10,000 bond officials needed to post before making gold and silver coins. Even those copper coins that could be made had been the subject of severe criticism, especially the first 1793 cent with a linked chain reverse. Things were looking up in 1794. The large cent had its third new design that would last for a ...

Numismatic Guaranty Corporation® (NGC) is excited to announce the addition of the Early Production designation to its industry-leading lineup of releases designations. The Early Production... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Precious metals split Tuesday with silver and palladium falling and gold and platinum rising. Gold ended the day at another record -- its third in a row -- and logged eight straight session... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The folks at Stephen Album Rare Coins bring a substantial base of combined knowledge to the process of cataloging their high quality, diverse consignments. I think also that their bidders tend to be very well versed in the specialized fields in which they collect or trade. It is for these two broad reasons that I really enjoy bringing our readers previews or reviews of the SARC live and online auctions. SARC Auction 37 was held June 11-14, 2020, at their offices in Santa Rosa, Calif., with great results. Both the strength of the coin market and of the SARC business model was on display as high prices and a huge sell-through of 96.5 percent of lots sold made this a fun event for all involved. I asked Michael Barry, Chief Operating Officer (COO) at SARC for sale totals and he supplied this information, “The total price realized was 1.85 million USD (including buyer’s fees), a new record for our growing auction house. Pre-sale estimate for the auction was 1.20 million USD.” The “Pavili...

Paper Money Guaranty® (PMG) is excited for the 2020 PMG Registry Awards, and we hope you are too! The PMG Registry is a free online platform where collectors register and display their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Numismatic Guaranty Corporation® (NGC) has certified the Beeston Collection, an outstanding set of over 200 British error coins. The coins were recently submitted to NGC International UK Ltd.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Precious metals futures registered increases Monday that ranged from 1.1% for platinum to 7.2% for silver. The latter posted its best finish in just shy of seven years. Gold hit another record -- its... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Mark Benvenuto The United States Congress brought a commemorative coin program back to life in 1982 in a quiet, almost simple sort of way. They authorized a single half-dollar coin honoring the 250th anniversary of the birth year of President Washington. The next year saw an explosion of commems, all aimed at the 1984 Olympic Games held in Los Angeles. This included some gold pieces, but they are $10 eagles, were expensive to buy then, and remain rather expensive today. It wasn’t until 1986 that a $5 half eagle was put into the growing mix, one that would be the first of many. The 1986 Statue of Liberty Centennial $5 gold piece has become something of a standard among the half eagles that have been minted in the modern commemorative program since then. The artistry of Mint Engraver Elizabeth Jones is superb, and remains a design that collectors truly enjoy. The overall mintage was high enough – 404,013 as proofs and 95,248 as uncirculated pieces – that the coin remains rather affo...

The news of the week was tragic. It blew up social media and seemed to make people upset. This news is going to be the end of the hobby. We may never recover. No, the tragedy is not the alleged coin shortage. Social media went berzerk because the U.S. Mint is going to sell colorized […]

By Robert Grand  Great art is timeless, but also inevitably tied to the time in which it was produced. Many coins are miniature works of art and as such, reveal the ideals and prejudices of the time in which they were minted. Today, as we struggle with issues of social justice, and particularly as we examine the role of civil war monuments and what they signify to Black Americans (indeed all Americans), it may be instructive to examine a coin issued in 1925 known as the Stone Mountain commemorative half dollar. On the obverse (heads), the coin depicts Stonewall Jackson and Robert E. Lee on horseback. On the reverse (tails), there is an eagle and the words “Dedicated to the valor of the Confederate soldier.” The money raised from the sale of the coin was to be used to finance carving the figures portrayed on the coin on the side of Stone Mountain in Georgia near Atlanta. The project quickly became controversial. Besides the financial irregularities that occurred in the sales of ...

By Richard Giedroyc Silver broke through the $21 an ounce barrier as this commentary was being written, so how high will silver go? Is it really the poor man’s gold? There really isn’t anything further to say that the spot price of silver can’t say for itself. Bullion and bullion-impacted coins continue their upward trend. This, in turn, is grabbing the attention of investors while the general public begins once more to check their change to see if they get lucky. In other good news, some banks and merchants are offering a premium when buying coins from consumers due to the current shortages, this too fueling that all-important “beginner’s” or introductory area of the market. Without an entry level, there will be no future hobbyists. New as well as advanced collectors will find opportunities abound as well, especially among such areas as the early silver commemoratives, all non-precious metal late 19th and early 20th century coins (cents and nickels), and Peace silver dollars as well...

Research Reveals Find Created by Chet Krause Check out this historic find! The steel penny isn’t part of it, it’s just something I picked up at the same time. I started researching and found that this publication’s founder made these. I thought it was a cool find considering I’m in Florida. Michael Blankenship Florida   Panic Buying for Gold Yet to Hit Thank you for printing the brilliant article by Patrick A. Heller: “Why Isn’t Gold $3,000-Plus?” To complete the discussion, we may add some background regarding the drag on gold bullion appreciation. When President Nixon demonetized precious metals in the late 1960s, he eliminated much demand for gold and silver. Without bullion to back money, the U.S. government needed no gold or silver for any purpose beyond defense. Other countries followed the lead of the United States, causing precious metals demand to tank. Not until bullion dealers advertised and predicted economic doom via the likes of Howard Ruff did the general pub...

By Peter Huntoon Pete Papadeas has been collecting layout varieties on Series of 1929 notes with particular attention to the odd fonts, special symbols, and punctuations used on New Jersey notes. A true prize along these lines that he found are the layouts used for this Woodstown bank. The bank received printings from three different sets of 1929 plates. The first was made by the Government Printing Office using a layout prepared at the Bureau of Engraving and Printing that was made as a stopgap measure to print the first printing for the bank because the contractor for the layouts, Barnhart Brothers & Spindler in Chicago, could not turn out their logotype plates fast enough to meet demand at the startup of the series. The BEP used the very unusual, scarce and highly prized 8-point Pastel bold font to lay out the bank name on the plates for several banks including this one as shown in the top photo. When BBS caught up, they came out with the layout on the bottom photo. Notice th...

The U.S. Mint succinctly stated in its press release about the shortage of circulating coins is that there are enough coins in the economy. There is no shortage. What is happening is that, like everything else during the COVID-19 crisis, the supply chain broke. Coins stopped circulating because people were not going out and spending […]

Precious metals mixed it up on Friday but they all racked up impressive weekly gains. Silver declined for a second straight day after notching an almost seven-year high on Wednesday, yet still shot... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It was a quiet week as far as new releases go, but for top sellers, silver continues to dominate. The front-runner this week is the 2020-W proof silver Eagle coin. With a hearty week-over-week gain of 18,089, it cracked 300,000 with a current overall total of 300,543. This pushed it from second place last week into number one. Coming in second this week is the 2020 10-coin clad proof set with “W” nickel. It jumped more than 4,500 for the week, finishing at a total of 312,001. Silver’s strength is again evident in the performance of the 10-coin silver proof set with “W” nickel. It increased by 4,128 this week. With the price of silver holding strong at just north of $21 per ounce as this is being written, it will be interesting to see how sales of silver products fare in the coming weeks. Rounding out our top 5 performers with more modest sales are 100-coin bags of the San Francisco-mintmarked 2020 Salt River Bay National Historic Park quarters with an overall total of 2,845 after ...

The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage -- the pennies, nickels, dimes, and quarters that the American people and businesses use in their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Designs for the Donald J. Trump Presidential Medal have been recommended by the Commission of Fine Arts (CFA) and by the Citizens Coinage Advisory Committee (CCAC). After the final designs are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Sales of the 2020-W Proof American Silver Eagle topped the 300,000 mark, the latest figures from the United States Mint show. The coin was also the U.S. Mint's most popular collectible for the week... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This Chinese ‘Spring Dollar’ realized a whopping $660,00 at auction. (Images courtesy Numismatic Guaranty Corporation.) A China 1910 Yunnan silver dollar certified by Numismatic Guaranty Corporation (NGC) realized a whopping 660,000 USD at a Heritage Auctions sale on June 12, 2020 . This is one of the highest prices ever paid for any Chinese coin, the corporation said in its official statement. Commonly referred to as a “Spring Dollar,” this is one of the greatest rarities in Chinese numismatics. It contains Chinese characters with a date of Spring 1910, making it the only Chinese coin to feature the season as part of its date. These may have been struck as presentation pieces for the completion of an important rail line connecting the mountainous Yunnan region with neighboring Vietnam. The finest of three known examples, this coin is graded NGC AU-58 and pedigreed to the renowned Norman Jacobs Collection of Asian coins. It previously realized $546,250 at a Heritage sale in 2011. ...

This 1794 half cent is graded XF-45 by Numismatic Guaranty Corporation. (Images courtesy Heritage Auctions, www.ha.com) There are a lot of interesting questions to be raised about the 1794 half cent, and in some cases the only one who can answer the question is you. That makes the 1794 half cent a piece that no two collectors may view the same way. The half cent situation in 1794 was somewhat unsettled. In fact, virtually everything at the United States Mint in 1794 was somewhat unsettled. It was, after all, only the second year of its operation, and the first year had been chaotic. There had been large cent and half cent production only in 1793 thanks to a dispute over a $10,000 bond officials needed to post before making gold and silver coins. Even those copper coins that could be made had been the subject of severe criticism, especially the first 1793 cent with a linked chain reverse. Things were looking up in 1794. The large cent had its third new design that would last for a ...