Although the mintage for the 1860 double eagles was a healthy 577,000-plus pieces, the issue is a conditional rarity, like so many early Liberty Head twenties from all mints. A considerable number were found aboard the S.S. Republic, which sank in 1865 in the Atlantic Ocean off the coast of Georgia, but most of those coins were in lower Mint State grades. Jeff Garrett and Ron Guth report an average certified grade of AU53, and an average auction grade just below MS60. The current PCGS population is just 14 with 15 higher. Listed at $10,900 in the CDN CPG, $11,000 in the PCGS price guide and $12,000 in Trends.
Offered at $9,995 delivered
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Kitco News – Fund managers sharply increased their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.
Markets seemingly were factoring in a more dovish U.S. Federal Reserve even before policymakers gave markets a dovish surprise for the second straight meeting, analysts said.
During the week-long period to March 19 covered by the report, Comex April gold rose by $8.40 to $1,306.50 an ounce, while May silver dipped 4.1 cents to $15.372.
Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections.
The CFTC’s most recent “disaggregated” report showed that money managers increased their net-long position in gold to 30,475 futures contracts as of March 19 from 17,407 the week before.
The cut-off date for the data was one day ahead of the last meeting of the U.S. Federal Open Market Committee, in which policymakers collectively signaled that there may be no rate hikes in all of 2019.
“Money managers aggressively covered their short gold positions and took out new long exposure as they anticipated the FOMC to sound a dovish tone,” said TD Securities. “The significant increase in length was also driven by the concurrent weakening of the USD [U.S. dollar] and renewed economic growth concerns.
“Indeed, the Fed delivered a significantly more dovish message than the market expected as it eliminated a hike this year. This prompted a relief rally, but no surge into a sustained breakout.”
The disaggregated data showed that money managers cut their gross shorts by 12,452 lots. The number of new longs increased by a modest 616.
“Speculative financial investors are … likely to continue betting on rising gold prices after having already stepped up their net-long positions considerably to [nearly] 30,500 contracts in the week to 19 March, according to the CFTC’s statistics,” said Commerzbank. “In our opinion, this further paves the way for gold as it continues on its upswing.”
Meanwhile, in the case of silver, the funds’ net length increased slightly to 9,716 lots from 9,487 as the amount of fresh buying slightly outpaced the fresh selling. Gross longs rose by 814 lots, while total shorts increased by 585.By Allen Sykora
The 1882 three dollar gold piece claims a business-strike mintage of 1,500 pieces, certainly a small total in absolute terms, but not out-of-the-ordinary in the context of the series. The 1882 has a relatively high survival rate, probably because contemporary collectors realized the low production total would make the coins more desirable in the future and saved high-quality pieces. The issue is still very rare at the MS65 level, however. This coin is quite dramatic in appearance, with fully, deeply mirrored surfaces on each side, accompanied by heavily frosted devices. This is one of only two examples of this date to have received the highly coveted DPL designation from NGC. The other was graded a lowly MS62DPL.
Offered at $33,600 delivered
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Often called the most beautiful American coin design, the Saint-Gaudens double eagle exhibited intricate treatment of the drapery and equal depth of the reverse design, rendering a three-dimensional appearance rarely seen on American coins before or since. Barbara Baxter writes in her chapter on “Coins and Medals” published in Augustus Saint-Gaudens 1848-1907, A Master of American Sculpture: Saint-Gaudens coins and medals set a new standard for American numismatic art, and the precedent that he established resulted in the commissioning of other professional artists, notably his former associates Bela Lyon Pratt, James Earle Fraser, and A.A. Weinman, to redesign other denominations of the coinage. Listed at $25,400 in the CDN CPG and $25,000 in the PCGS price guide.
Offered at $23,650 delivered
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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
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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
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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
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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
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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
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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
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