1908 Indian Half Eagle NGC PR64

First Year Matte Proof

The innovative, incuse Indian design by Bela Lyon Pratt was introduced on the quarter eagle and half eagle in 1908. The Philadelphia Mint found it impossible to polish the dies for the new designs to produce the old brilliant finish used on proofs of earlier years, so a new sandblast finish was adopted. The coins were struck from specially prepared dies and subjected to sandblasting with a coarse grain of sand, while being held with a glove. The sandblast finish gave the coins an artistic medallic appearance, but contemporary collectors preferred the old brilliant proofs and orders for proof sets were anemic. The Mint produced 500 examples of the new gold proofs in 1908, but only 167 were distributed. The remaining coins went unsold and were melted after the close of the year. Of course, present-day numismatists appreciate the sandblast proofs for their artistic quality and elusive nature.

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Offered at $22,000 delivered

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Inequality And The Gold Standard

11/27/2020 David Howden

Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to share in this good fortune too with an extra $25,000 (about 30%). You’re going to make $50,000 in 2014 and your boss will pull in $105,000.

Are you happy with this deal? Probably. But wait, income inequality just increased! Your boss originally outpaced you by 100%, but now his salary is 110% higher than yours.

To read the brouhaha going around right now, this situation is cause for alarm. Income inequality has increased and despite the fact that everyone is doing better than they once were, one group is doing relatively better.

What about if we reverse the example, starting from the original salaries? Instead of having a great year, imagine things were very bad and salary cuts are going around. You get a 25% pay cut so that you will now be earning $30,000 a year, and because he has more responsibility about the direction of the business and its lack of success, your boss gets a larger pay cut of $25,000. (This situation is the mirror image of the first example.)

You are making much less than you did last year. Are you upset about this? Probably. But wait, apparently there is a silver lining. Your boss now “only” makes about 80% more money than you, versus the 100% salary differential that existed last year. Income inequality decreased!

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2021 Would Be A Great Time To Audit The Fed

11/24/2020 Nick Hankoff

Gone are the days of the Federal Reserve hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for this but instead team up with the populist right to audit the Fed and demand transparency.

Let the healing begin! If it is going to be President Joe Biden a couple months from now, then there will be all the more incentive for antiestablishment Democrats to join forces with populist Republicans. What better issue than auditing the Federal Reserve System?

There is strong precedent for progressives and the populist right to unite around an “Audit the Fed” movement. In early 2009, Congressman Ron Paul introduced the Federal Reserve Transparency Act, which garnered 320 House cosponsors by the summer of 2010.

Since then, the antiestablishment factions of both parties have grown and at least one of the 2009 House cosponsors now holds a Senate seat. Audit the Fed has passed the House on three occasions, so it could see as much or more success this coming session.

Another development over the last eleven years is the Fed’s evolving public image. Before Ron Paul’s 2008 presidential run, the central bank lurked in near-total darkness. Two thousand nine was a breakout year for its public relations campaign, and the Fed has failed to return to its prior obscurity. 

Now the secretive power center larps as a super–social justice warrior, fighting for climate and racial justice, the top pet issues of the progressive left. Many grassroots progressives expressed their distaste for Hillary Clinton and Joe Biden, but even those who held their noses to vote for them shouldn’t feel at all obliged to apologize for the Fed’s virtue signaling.

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1840-D Liberty Quarter Eagle NGC AU55

This “D” Gets a Passing Grade

The Liberty Head quarter eagle series commenced in 1840 with a production of 3,532 D-mint coins. The 1840-D is tied with the 1854-D for third-rarest among all Dahlonega quarter eagles, and is the rarest in AU50 and finer. This coin was struck from shattered dies, showing bisecting cracks on each side. As is so often the case, this coin is much more lustrous than seen in our images. The NGC population is 8 with 8 higher.

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Offered at $16,350 delivered

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1873 (Closed 3) Liberty Eagle NGC AU53

Very Rare

The 1873 Closed 3 (old name) or Close 3 (current nomenclature) coins were struck early in the year and the date logotype for all denominations was modified following complaints that the digit looked like an 8. Among Liberty eagles, the entire 800-coin mintage for the year was produced in January 1873, and none were minted with the modified Open 3 date style. Proof coins were preferred over Mint State coins in the 19th century, so no circulation strikes were saved at the time of issue, despite the low mintage. As a result, high grade survivors are non-existent. The NGC population is only 2 with 9 higher, none better than AU58.

Offered at $36,560 delivered

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1854-O Three Dollar Gold Piece NGC MS61

Very Rare Unc. O-mint

While 1854-D is a great rarity, more than a thousand 1854-O examples remain from the mintage of 24,000 pieces, typically in XF to AU grades. Mint State representatives are surprisingly rare, given the tendency of the public to set aside new designs and denominations during the introductory year of issue. In hand, this one is more of a yellow-gold than orange-gold color and much more lustrous than seen in our images. The NGC population is just 10 with 7 higher.

Offered at $39,375 delivered

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1847 Liberty Eagle NGC MS64

Very Rare, Dazzling, Near-Gem

The two highest mintage issues of the No Motto Liberty ten series are the 1847 and 1847-O. Something happened that year to increase production, and the mostly likely cause was the Spanish-American War, which continued throughout 1847. Despite a comparatively large production, the 1847 is usually seen in XF and AU grades, uncirculated examples are tough to come by and choice uncirculated ones are almost unheard of. This is the only MS64 graded by NGC with none higher (though they have also recognized a single MS64PL, as well). This exquisite representative boasts flashy, semi-prooflike fields and some pleasing cameo contrast on each side.

Offered at $39,000 delivered

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1866 Motto Liberty Double Eagle PCGS MS63

Pop 1, One Graded Higher

The motto IN GOD WE TRUST was added to the reverse of the double eagle design in 1866 and the Philadelphia Mint struck 698,775 coins with the new motif. The coins circulated heavily in the 19th century and few high-quality examples were saved by contemporary collectors. The issue is prized by type collectors today, as the first year of the Type Two design, but examples in MS62 condition are very rare, and finer coins are virtually unobtainable. In hand, the color of this coin tends a bit more towards yellow gold, as opposed to the orange-gold seen in our images. This is the only PCGS MS63, with a single (MS64) example graded higher.

Offered at $59,100 delivered

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1909-D Indian Eagle PCGS MS66

One of the Finest Survivors

Ex O’neal. The 1909-D is one of the scarcer issues among early ten-dollar Indians, and is much more challenging than its mintage of 121,540 pieces would seem to indicate. David Akers contends in A Handbook of 20th-Century United States Gold Coins that it is one of the most underrated issues in the series, and is actually one of the rarest in an absolute sense. “Even in MS60 this issue is very rare and in MS63 or MS64 condition, it can be located only with great difficulty,” says Akers. The PCGS population is only 4 with 2 higher. 

Offered at $47,800 delivered

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(800) 257.3253
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The dollar could weaken further under a Biden administration, analysts say

KEY POINTS

  • Citi Private Bank strategists predicted a weaker dollar ahead, given that a Biden administration would reduce uncertainty in international trade policy.
  • Following projections over the weekend that Joe Biden has won the U.S. presidential election, the dollar continued diving sharply, while Asian currencies strengthened.
  • JPMorgan Private Bank’s Adam Margolis said the theme at play was to continue to look for “opportunities” to trim the overweight exposure on the dollar.

SINGAPORE — The U.S. dollar is poised to further weaken, amid market views that geopolitical risks are falling after the election and that the next stimulus package will likely be smaller than expected, according to analysts.

Citi Private Bank strategists predicted a weaker dollar ahead, given that a Biden administration would reduce uncertainty in international trade policy.

“Victory for President Elect Biden means a return to more conventional governance. As the province of the President, it will result in a major shift in the way foreign policy is conducted. Alliance building will return. ‘Tariff threat first’ negotiating tactics will end,” the bank’s chief investment officer, David Bailin, and Steven Wieting, chief investment strategist and chief economist, wrote in a note published Monday.

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