Author: Sirhc

1802/1 Draped Bust Half Eagle NGC MS64

Sirhc

Give Me a 1, No, a 2

 A mintage of 53,176 Capped Bust Right half eagles was accomplished in 1802, using leftover obverse dies from the previous year that have a 2 punched over the final digit in the date. Collectors have prized the early half eagles since the earliest days of the hobby and the 1802/1 began appearing at auction at least as early as lot 176 of the A.C. Kline Sale (M. Thomas & Sons, 6/1855), although the lot description did not mention the overdate. By the mid-1860s, catalogers began taking note of this feature, as W. Elliot Woodward described the coin in lot 2755 of his Sixth Semi-Annual Sale as, “1802 over 1801; uncirculated, as fine as proof; scarce.” The NGC population is 12 with only 1 higher.

Offered at $41, 975 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
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Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1884-CC Liberty Double Eagle PCGS MS62

Sirhc

Tough Unc. Twenty Lib.CGS MS62

No circulation strikes were manufactured at the Philadelphia Mint in 1884, placing even greater demand on Carson City double eagles minted that year (81,139 coins). However, survivors are generally seen in XF and AU grades, often with problems, and they are seldom offered in mint condition above MS62. The one offered here exhibits an attractive orange-gold hue.

Offered at $12,100 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.May 12 8:41am

1882 Gold Dollar PCGS PR67CAM

Sirhc

A Proof (Gold) $1 With Contrast

The 1882 and 1883 gold dollars were the last of the relatively low mintage proof issues with 125 and 207 proofs minted, respectively. Beginning in 1884 through the end of the series in 1889, proof mintages exceeded 1,000 coins each year. In addition to the 125 proofs, the Philadelphia Mint coined 5,000 circulation strikes, and many of the latter coins have proof-like surfaces, being called proofs in years gone by. This is the ONLY PR67CAM to have been graded by PCGS with none higher.

Offered at $19, 500 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.May 12 8:41am

1802 Draped Bust Half Dollar PCGS/CAC AU50

Sirhc

Atypically Original Looking

The first half dollars coined at Philadelphia appeared late in 1794, with a large production the following year, continuing the original Flowing Hair design. Gilbert Stuart’s Draped Bust concept appeared on half dollars in 1796 and 1797, featuring a Small Eagle reverse, and those coins are quite rare. After a brief intermission, the Draped Bust design resumed with a Heraldic Eagle reverse in 1801, and continued through early 1807, skipping coinage dated 1804. The first two issues, 1801 and 1802, are the key dates of that short-lived design type. Mint records indicate a production of 29,890 coins. As is usually the case and you see noted in these offerings, this coin is lighter, as well as more lustrous and appealing looking than portrayed in our images.

Offered at $15,650 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.

Silver Price Analysis: XAG/USD’s rebound stalls at critical resistance near $26.50

Sirhc
  • Silver’s comeback from weekly lows loses steam.
  • Is it a dead cat bounce amid dollar retreat?
  • $26.50 barrier is a tough nut to crack for the XAG bulls.

Silver (XAU/USD) witnessed good two-way businesses so far this Wednesday, as volatility continues to play out amid fast-moving markets and dollar dynamics.

The white metal, initially, extended Tuesday’s tumble from near 7.5-year highs above $29 and dropped as low as $23.43 before staging a V-shaped reversal towards late Asia.

However, the rebound faltered, as the bears continue to guard the $26.50 level, which is the powerful confluence of the horizontal 200-hourly Simple Moving Average (HMA) and Fibonacci 50% Retracement (Fib) level of the recent correction.

Acceptance above that level, the buyers will aim for the next barrier aligned around $27.25, where the 61.8% Fib level of the same fall coincides with the bearish 50-HMA.

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1856-O Liberty Quarter Eagle NGC MS62

Sirhc

Mint $2.50 Rarity

The New Orleans Mint struck only 21,100 examples of the 1856-O quarter eagle, a denomination that was unloved and neglected in favor of the half eagle and (after 1849) the double eagle throughout much of its history. San Francisco, in only its third year of operation, also struck 1856-S quarter eagles for the first time since opening, and managed to best New Orleans by a margin of more than 3 to 1. Whether these comparative mintages were an early sign of the increasing decrepitude that would overtake the Southern mint by the early 20th century, or merely an indication of the continuation of the hard-money tradition of the Old West that began a few years earlier with the Gold Rush of 1849, is not readily known today. Nonetheless, 1856-O quarter eagles are quite elusive in Mint State. This is one of only four so-graded by NGC with none higher.

Offered at $29,900 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
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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.

Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash

Sirhc

US REAL YIELDS A KEY DRIVER FOR GOLD

Yesterday saw the precious metals complex come under significant selling pressure with the gold price dropping 5.7%, the largest fall since April 2013, while silver crashed 14.95%, marking its biggest plunge since October 2008. While arguably precious metals were in need of a correction given their sizeable rise, the fall coincided with a surge higher in bond yields, in particular US real yields, which have been the largest driver behind the move in the precious metals complex.

TOP IN US REAL YIELD MARKS SHORT-TERM TOP IN GOLD
WHY THE SURGE IN BOND YIELDS?

Among the key catalysts behind the push higher in US yields was the anticipation of a large supply of US Treasuries. Last week’s quarterly refunding announcement saw a record USD 112bln in borrowing for this week’s auctions. This is USD 16bln larger than the package announced last quarter and also marked an interim bottom in US 10yr yields (now 17bps higher since the record low). Alongside this, the surge in corporate issuance is another contributing factor behind the push higher in US bond yields as well as better than expected US data, most notably Friday’s US NFP report that signaled that the recovery remains intact.

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1851 “887” Reeded Humbert $50 NGC XF45

Sirhc

An Eight-Sided Offering

Augustus Humbert was U.S. Assayer in San Francisco and operated his firm under Moffat & Co. as the provisional mint years before the San Francisco mint officially opened. There are two variants of the 1851 887 Thous. reeded edge fifties, differing in the placement of the outer concentric circle on the reverse relative to the rim. In spite of their large size (nicknamed “slugs”), these pieces traded hands frequently in Gold Rush California. They were one of the few forms of gold whose stated value could be trusted. When viewed in hand, the coin is lighter (in hue, not weight!) than seen in our images.

Offered at $40,250 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.

Gold, silver ETFs and miners on track for worst daily decline since March

Sirhc

Courtesy of Market Watch By Andrea Riquier

Exchange-traded funds that track precious metals and miners slumped Tuesday in premarket trade, on track for their biggest daily decline since March, suggesting that a long run-up might be on track to reverse course. The SPDR Gold Shares ETF GLD, 0.94% was down 3.2%, while the VanEck Vectors Gold Miners ETF GDX, 2.11% lost 4.5%. The iShares Silver Trust SLV, 3.13% slid about 6%, and the Global X Silver Miners ETF SIL, 3.98% was down about 5.5%. Both precious metals GC00, 0.13%SI00, -0.17% have surged to record highs over the past several weeks, boosted by declining interest rates and geopolitical concerns.

1880 Trade Dollar NGC PR67

Sirhc

Sensationally Superb

No Trade dollars were produced for circulation after 1878, but the Philadelphia Mint continued to strike proofs for collectors until 1884. When collectors and dealers became aware of the proof-only status of the denomination a popular speculation in the proofs sprang up. The increased demand resulted in a record mintage of 1,987 proof Trade dollars in 1880. Although the speculation peaked in March, and subsided after that, the Mint continued to strike proofs throughout the year. Looking and this coin in hand and comparing it to our images, we must say – a picture isn’t always worth 1000 words. In actuality, this example boasts light to medium pink and golden centers encircled by luscious violet and blue-green borders. Said differently, ignore the pictures! No non-CAM/UCAM’s have been graded higher by NGC.

Offered at 15,500 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.