Author: Sirhc

1911 Saint Gaudens Double Eagle NGC PR66

Sirhc

Luscious Proof

In his recent reference on proof U.S. gold, John Dannreuther specifically commented on the color and texture of the 1911 proof twenties:

“The 100 Proof double eagles struck in 1911 have a lighter finish than seen for the 1908 issues. Many 1911 Proofs have a light orange color with shiny sparkles created by a finer sand grain. The matte finish is among the most desired by today’s collectors, so many of these have found their way into type sets. If one has a choice, the lighter color and sparkle found on 1911 Proofs often is preferred over the darker issues of 1908 and 1912 through 1915.” Only 65 to 70 individual pieces are believed to have survived today in all grades.

Offered at $115, 350 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1880-CC Morgan Dollar NGC MS67

Sirhc

Superb, Super Frosty

Demand for high-grade Carson City material is strong across all denominations and series, but Morgan dollars in particular seem to capture the hearts and mind of collectors. Part of what makes high-end Nevada mint Morgans so interesting are the numerous forces that work to influence their availability and collectability. For example, many issues, like the 1880-CC, have low mintages. But they were often also widely held in storage through the mid-20th century. Essentially, relatively few coins were made, a high proportion of them survive, but even that sizeable number is insufficient to fully satisfy demand. This particular example exhibits frosty surfaces and a wonderful overall appearance. The NGC population is 35 with 4 higher.

Offered at $15,185 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1857-D Gold Dollar NGC MS62

Sirhc

Rare Unc. D-mint Gold Buck

This issue saw a small mintage of just 3,533 pieces. The average certified survivor is in the AU range and examples of this rarity are seldom seen in any Mint State grade. Doug Winter writes in the third edition of his Dahlonega gold reference that “I have always thought that, along with the 1850-D, [the 1857-D] was the most undervalued gold dollar from Dahlonega.” The strike on this issue is universally subpar and while not unusually weak, this example is no exception.

Offered at $15,185 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1862 Liberty Quarter Eagle NGC MS64

Sirhc

Rare, Choice Unc. Civil War Issue

Although the 1862 quarter eagle has a mintage that tops 98,000 coins — one of the higher production totals of the period — Mint State examples are still rare in all grades. Most such pieces are heavily bag-marked, and relatively few grade higher than MS62. The finest graded are one PCGS 64+ and one NGC MS64+. The NGC population is just 3 with 1 higher. In hand, this example is more lustrous and less reddish-gold in hue than seen in our images. 

Offered at $21,950 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1859 Liberty Double Eagle PCGS AU55

Sirhc

A Head Turner (or Turned)

In the early 1850s, substantial California Gold Rush bullion was shipped via Panama to the Philadelphia Mint for coining. The advent of the San Francisco Mint, and its emergence from growing pains, slowed the flood of West Coast bullion to a trickle by 1859. That year, Philadelphia struck only 43,597 double eagles, down from more than 2,000,000 pieces in 1851 and 1852. The few collectors of large denomination gold selected proofs, and the 1859 is nearly unobtainable in Mint State. Patience is required to locate any example, and when one appears in the marketplace, it is almost always in XF to AU grades. This particular example is noticeably more lustrous and attractive in hand.

Offered at $15,750 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

The BIS Issues A Dire Warning: “We Are Moving From The Liquidity To The Solvency Phase Of The Crisis”

Sirhc
Profile picture for user Tyler Durden

by Tyler Durden

Tue, 12/08/2020 – 05:45

There are three certainties in life: death, taxes and the BIS – the central banks’ central bank – warning about excesses from monetary policy (the most recent amusing example of this was last October when as we wrote, “Fed Announces QE4 One Day After BIS Warns QE Has Broken The Market”). Actually, to this list of 3 certainties we can add one more: central banks roundly ignoring the warnings from the central bank mothership.

That, however, does not prevent the BIS from continuing this trend of warnings, and today the Basel-based organization did just that when in its Quarterly Review publication it cautioned that the surge in financial markets following COVID-19 vaccine breakthroughs and the U.S. election has left asset prices increasingly stretched.

Sounding surprisingly similar to Goldman, which as we reported earlier today issued an almost identical warning, when it observed that its sentiment indicator is now +2.0 standard deviations above average…

… which has left positioning extremely stretched and represents a 98th percentile reading since 2009…

READ MORE

1895-O Morgan Dollar PCGS MS62+

Sirhc

This Rare Morgan is a Definite “Plus”

There are a great number of 1895-O dollars available in the range of Very Fine to low AU, but in Mint State the population thins out by an order of magnitude, with most of those coins in the lower Mint State grades of MS60 to MS62. In MS63 the 1895-O is rarity of great achievement to acquire. In his Guide Book of Morgan Silver Dollars, Q. David Bowers writes: “The 1895-O emerged as the single circulation-strike variety that is not known to have been a part of any Treasury releases via bags. … I have heard suggestions that from several dozen to a couple hundred Mint State coins came out of the Treasury Building in the early 1950s, but how they would grade today is anybody’s guess. Uncirculated coins of years ago are often classified as AU today. I have found no account or even a rumor of any being a part of the 1962 through 1964 Treasury release.” The one offered here is considerably more lustrous than seen in our images.

Offered at $28,125 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

Breakeven Inflation is Breaking Out

Sirhc

December 04, 2020

By Bryce Coward, CFA in Economy, Markets, Portfolio Management

Inflation expectations as priced by the Treasury market are hitting 18 month highs just now. As the reader can see, inflation expectations across all treasury maturities are at cycle highs. This is happening coincident with growing expectations for the $908bn bipartisan stimulus deal and widespread expectations that the Fed will ease in some additional way at their next meeting 12 days from now. That these two events are anticipated by the market does pose some near-term downside risk for inflation expectations, since there is now room for disappointment. Even still, keeping the long game in mind is useful. Indeed, there exist multiple structural catalysts for inflationary pressure that haven’t existed in quite some time:

  1. de-globalization
  2. USD which may be under continued pressure from massive twin current account and budget deficits
  3. the possibility that US oil production has peaked, or at least will not grow as it did last cycle
  4. raw material (especially base metal) inflation from the acceleration of green transport and power generation trends
  5. demand-pull inflation from fiscal stimulus

READ MORE

1896-S Barber Quarter NGC MS65*

Sirhc

Barber Quarter “Star”

 Along with the rare 1901-S and 1913-S issues, the 1896-S quarter is unquestionably one of the top three rarities in the Barber quarter series. Just 188,039 pieces were struck. As usual, die clashing is visible within Liberty’s ear, a peculiar attribute of genuine 1896-S quarters and a quick way to help verify authenticity. The vibrantly lustrous surfaces display lovely border toning in shades of electric-blue, violet, and russet-brown. Meanwhile, ivory-gold shades at the centers resonate with silver luster. In hand, this gem is lighter, as well as more lustrous and eye-appealing than seen in our images. Including this star-designated example, the NGC population is only 7 with 2 higher.

Offered at $43,315 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1859-O Liberty Double Eagle NGC XF45

Sirhc

A Rare O-mint $20 Lib

The 1859-O is a rare New Orleans double eagle with a small 9,100-coin mintage. Perhaps only approximately 100 pieces are known in all grades, primarily distributed throughout the various XF and AU levels. Only two Mint State pieces are documented, both heavily bag-marked. The 1859-O shares its rarity with most other O-Mint twenties leading up to the outbreak of the Civil War. After the San Francisco Mint became operational in 1854, gold deposits in New Orleans declined significantly, and large denomination gold coinage plummeted. Between 1854 and the 1909, when the New Orleans Mint ceased coin production for the final time, fewer than 115,000 double eagles were struck at that facility.

Offered at $33,750 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.