Month: August 2019

1915-S Pan Pac Octagonal $50 PCGS MS63

Sirhc

Eight-Sided & Quite Large

Holding an example of the Octagonal fifty dollar gold pieces struck to commemorate the Panama-Pacific International Exposition of 1915, one notices several things. Chief among them are the coins’ size, shape, weight, and intricate design. Of the 1,509 examples struck, 645 pieces were sold to fair-goers for $100 apiece. The Octagonal coins’ novel design, reminiscent of California’s storied Gold Rush, undoubtedly contributed to their popularity. Additionally, the Octagonal slugs depict added dolphins around the margins, symbolizing the new “uninterrupted water route made possible by the Panama Canal.” For the same historic and design reasons collectors sought them out a hundred years ago, collectors continue to seek out examples today in all grades. The coin offered here is somewhat more lustrous and yellow-gold in hue, than seen in our images. Listed at $92,000 in the CDN CPG and $87,500 in the PCGS price guide.

Offered at $84,375 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1901-S Barber Quarter PCGS MS66

Sirhc

Don’t Throw Away This “Key” (Date)

David Lawrence calls the 1901-S the “King of all Barber Quarters” because of its low mintage and low survival rate. Only 72,664 Barber quarters were struck at the San Francisco Mint in 1901, a remarkably low mintage for any 20th century coin. There were relatively few coin collectors on the West Coast in 1901. Interest in collecting mintmarked issues was still in its infancy in the rest of the country, so most of the small mintage slipped into circulation at the time of production. Few examples were saved for numismatic purposes.  As a result, most 1901-S quarters appear in lower circulated grades today. Mint State coins are quite elusive. The PCGS population is only 4 with 5 higher. This one is frosty, white and gorgeous!

Offered at $118,125 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1899-S Liberty Double eagle NGC MS65

Sirhc

A Rare Gem

Although the San Francisco Mint struck slightly more than 2,000,000  double eagles in 1899, many of them were used in foreign banking and business transactions. Additionally, many of the extant examples were repatriated from European holdings in recent decades. This very sharply struck examples is tied with ten others for the highest graded by NGC. For its part, PCGS has graded only three MS65’s with one higher. Listed at $20,600 in the CDN CPG, $24,500 in the NGC price guide and $21,000 in Trends.

Offered at $18,115 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1907-D Liberty Double Eagle PCGS MS66

Sirhc

Gemmy Last Year of Issue

Although authorized as a U.S. branch mint in the 1860s, the Denver Mint operated as an assay office for its first four decades until coins were finally minted there in 1906. Liberty double eagles were only produced at the Colorado facility in 1906 and 1907, with a total production for both years of less than 1.5 million pieces. These coins are quite elusive in top grades. The one offered here features satiny looking luster and a lovely overall appearance. The PCGS population is just 24 with 3 higher, two of the latter being MS66+ examples. Listed at $18,200 in the CDN CPG and $18,000 in the PCGS price guide.

Offered at $16,675 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1653 Gold Crown England NGC MS 65 Ex. Kroisos Sale Stacks, January 14, 2008

Sirhc

Finest known 1653 Gold Crown, and possibly for any date of this rare denomination and type

Of the highest quality, an attractive and lustrous example, sure to please the most discriminating of collector or dealer – a coin of this rarity and condition does not surface very often – call or email to reserve it today.

Offered at $19,850 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1854 Arrows Seated Quarter PCGS MS65+

Sirhc

Gem Two Year Type Rep

In 1853, the weight of the quarter dollar was reduced from 6.68 gm to 6.22 gm, and the reduction was noted on the coins by the addition of arrows on each side of the date and a burst of rays in the reverse fields around the eagle. The rays were removed for 1854 coinage, but the arrows remained at the date until 1856. The With Arrows, No Rays type was coined at Philadelphia and New Orleans in 1854 and 1855, and at San Francisco in 1855. The 1854 Philadelphia issue is the most plentiful of these, coming from a mintage of more than 12.3 million coins. Nonetheless, Gem examples are scarce, and finer pieces are rarely offered. We expect to receive multiple orders for this coin, based on our asking price. So don’t say we didn’t warn you to hurry up and buy it!  Listed at $13,500 in the PCGS price guide.

Offered at $6,850 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1910-S Saint Gaudens Double Eagle PCGS MS65+

Sirhc

Gem, and Then Some

Roger Burdette estimates a total of 9,500 pieces survive from a mintage of more than 2.1 million 1910-S double eagles. About 70-75% of those were repatriated from foreign holdings. Such coins would be an unlikely source for an example of this quality, given the rigors of transit and storage. This particular example offers lovely color and atypically clean surfaces, as well as a very nice overall appearance. The PCGS population currently stands at just 6 with 13 higher. Listed at $12,500 in the PCGS price guide.

Offered at $8,250 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1895 Liberty Double Eagle PCGS MS65

Sirhc

A mere + from Highest Graded

Due to its generous mintage and the subsequent exportation and repatriation of many examples, today, the 1895 double eagle is a common date up to the lower reaches of Mint State, generally MS62-MS63 or so, at best. Examples in Choice or Gem condition, such as the one offered here, are extremely elusive, however. PCGS has recognized a mere seven MS65’s with a single MS65+ graded higher. Just two of those PCGS 65’s have sold at auction, the last one being more than three years ago. Listed at $20,000 in both the PCGS price guide and Trends.

Offered at $18,000 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1907-S Liberty Double Eagle NGC MS65

Sirhc

Very Rarely Seen

This San Francisco issue is a significant condition rarity in the Liberty Head series. Although more than 2.1 million pieces were minted, fewer than three dozen pieces are certified in Gem condition. As a final-year issue in the Liberty Head series, it is possible the San Francisco Mint turned its attentions elsewhere and used little care in releasing the freshly minted coins into commerce or storage. Most survivors are heavily bag-marked. Luckily, there are a few exceptions and this coin is one of them. It is one of nineteen so graded by NGC, with none higher. Listed at $21,800 in the CDN CPG, $21,000 in the NGC price guide and $23,500 in Trends.

Offered at $17,435 delivered

We do business the old fashioned way, we speak with you.

(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

10-year Treasury yield hits lowest since October 2016 amid geopolitical jitters

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Courtesy of MarketWatch

By Sunny Ho Published: Aug 12, 2019 4:12 p.m. ET

Treasury prices rose Monday, pushing yields lower, as protests in Hong Kong underlined geopolitical worries that have weighed on risk assets.

How are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, -5.68% tumbled 9.1 basis points to 1.640%, its lowest level since October 2016, while the two-year note yield TMUBMUSD02Y, -2.98% was down 5.1 basis points to 1.578%. The 30-year bond yield TMUBMUSD30Y, -5.61% retreated 11.1 basis points to 2.130%, its lowest level since July 2016. The longer-dated maturity remains only three basis points away from its all-time low.

Debt prices move in the opposite direction of yields.

What’s driving Treasurys?

Demand for safe assets like Treasurys continued to pull global government bond yields lower as investors juggled simmering trade tensions between the U.S. and China, U.K.’s grind toward a no-deal Brexit, and the steady drip of anemic global economic data. The worsening growth backdrop has, in turn, raised expectations that the Federal Reserve will cut rates again in September, following a quarter-point cut in July.

Thousands of protesters rushed into Hong Kong International Airport on Monday, prompting the airport authority to cancel all outbound flights. The protests added to the litany of factors that have bruised investor confidence in recent weeks.

U.S. stocks logged their second straight decline as the Dow Jones Industrial Average DJIA, -1.48% recorded a 1.5% loss. Asian equities, however, showed a more mixed picture. Hong Kong’s Hang Seng Index HSI, -0.44% ended lower even as China’s Shanghai Composite SHCOMP, +1.45%   posted gains.

What did market participants say?

“There’s no real evidence out against bonds right now,” said Kathryn Kaminski, a portfolio manager at AlphaSimplex, in an interview with MarketWatch. “There’s been a huge flight to safety across many asset classes since last week,” she said.

“You might as well thrown out the fundamentals for the time being, because as long as the globe is this unsettled, money will likely continue to pour into dollar-denominated assets like Treasuries. It almost doesn’t matter whether the data is strong or weak, that earnings continue to surprise to the upside, or that things are probably better than they seem,” wrote Kevin Giddis, head of fixed income at Raymond James.