When the Dollar is no Longer the World’s Reserve Currency

1855 Wass-Molitor $10 NGC AU58

Very Rare Borderline Unc.

The San Francisco Mint opened in 1854, but it was a cramped facility that also lacked sufficient parting acids to strike satisfactory quantities of .900 fine gold coins. West Coast commerce required a steady supply of freshly coined bullion, and since the official mint was not yet up to speed, two private minters stepped in to fill the gap. Kellogg & Co. produced twenty-dollar pieces only, while Wass Molitor & Co. produced ten, twenty, and fifty-dollar coins.
These necessity issues imitated Federal designs of their respective denominations, with the exception of the fifty dollar piece, which was more reminiscent of the Federal gold dollar. The ten-dollar piece featured a small, relatively close date with the final digit repaired on the obverse die with a circular plug. The minting activities of both Kellogg & Co. and Wass Molitor ceased once the San Francisco Mint was able to resume gold production. The NGC population is just 3 with three higher, none better than MS61.

Offered at $32,990 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.

1855-C Liberty Quarter Eagle PCGS MS62

You Should “C” This

A paltry mintage of 3,677 quarter eagles was accomplished by the Charlotte Mint in 1855. That production total is the smallest from the North Carolina facility for any individual date in the series (the 1843-C Small Date coins represent only part of the mintage for 1843). Perhaps no more than 100 1855-C quarter eagles are extant in all grades, though inflated population figures might lead one to believe otherwise.   Mint State specimens are very rare and this is one of just five at this grade level with but three higher. When tilted just slightly, this coin displays lighter color and considerably more luster than indicated in our pictures.

Offered at $25,350 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.

PRECIOUS-Gold under pressure as U.S. yields, dollar firm

* European Central Bank policy meeting due on Thursday * More platinum deficits loom after record 2020 undersupply – WPIC * Platinum prices likely to reach $1,300/oz over 12 months – UBS (Updates prices) By Shreyansi Singh March 10 (Reuters) – Gold eased on Wednesday after registering its biggest jump in two months in the last session, as higher U.S. Treasury yields and a stronger dollar remained a stumbling block for bullion. Spot gold was down 0.2% at $1,711.21 per ounce by 1207 GMT after rising more than 2% on Tuesday. U.S. gold futures fell 0.5% to $1,709.20. U.S. yields regained momentum on Wednesday, raising the opportunity cost of holding bullion, while the dollar also gained. “Gold prices are likely to remain under pressure, while concerns about inflation are front of mind for the market,” said CMC Markets UK’s chief market analyst, Michael Hewson, adding a stronger dollar could be a further drag on bullion prices over the next few days.

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1799/8 Draped Bust Dollar NGC MS65

A Pre-1800 Gem Dollar

The 1799/8 Draped Bust dollars are popular because of their dramatic over dates. This is the “13 Stars Reverse” variety, as opposed to the other for this date – the “15 Stars Reverse”. The one offered here exhibits lighter color and more luster than seen in our unflattering images. Additionally, the surfaces are refreshingly clean, even considering the lofty grade. This is the only MS65 graded by NGC with a single (MS66) example graded higher.

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

Offered at $148,500 delivered

(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 Price Analysis: XAU/USD attempts to stabilize ahead of the $1670 June low – Commerzbank

Gold is attempting to stabilize at the 2019-2021 uptrend at $1667 but the yellow metal needs to do more work to negate the downside pressure, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. 

See – Gold Price Analysis: XAU/USD to near the confluence support zone at $1,660-$1,670 – DBS Bank

Key quotes

“The market has sold off towards the $1670 June low and the $1667 2019-2021 uptrend. This is currently holding the downside.” 

“Initial resistance is offered by the $1760/$1772 band, which is the May high and previous 50% retracement and the short-term downtrend in order to alleviate downside pressure and signal recovery to the 200-day ma at $1861.” 

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1879 $1 Pattern Metric Dollar PCGS PR64

Judd-1624, Pollock-1820, High R.7. The head of Liberty faces left in this design by George T. Morgan, her hair done up in a bun and tied with a ribbon bearing an incused LIBERTY. E PLURIBUS UNUM is above, with stars seven left and six right, date below. The reverse portrays a wreath of cotton, wheat, and corn. An inner circle of dots encloses 895.8 S. / 4.2–G. / 100–C. / 25 GRAMS. A “descending dove” shape surrounds DEO EST GLORIA (“God is glory”). UNITED STATES OF AMERICA and ONE DOLLAR are at the rim. Struck in aluminum with a reeded edge. Only four examples of this pattern are believed known. This is the sole highest example graded by PCGS.

Offered at $15,470 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 bears can ignore latest bounce to 100-day SMA

  • Silver struggles to keep week-start gap-up but snaps three-day losing streak.
  • Bearish MACD, downbeat RSI joins sustained break of yearly support line, now resistance, to favor silver sellers.
  • Yearly low, 200-day SMA will be a tough nut to crack for bears.

Silver prices waver around $25.40, fading the initial run-up to $25.56, during Monday’s Asian session. In doing so, the white metal confronts 100-day SMA while also keeping the last week’s break of an ascending trend line from March 2020.

Given the bearish MACD and descending RSI line join the previous week’s downside break of the key support line and 100-day SMA, silver prices are likely to remain depressed.

However, fresh selling can wait until the bears conquer January 27 low near $24.70 as it triggered the commodity’s bounce during Friday.

Also acting as the strong downside barrier is a confluence of 200-day SMA and the yearly low near $24.20.

Meanwhile, a daily closing beyond the 100-day SMA level of $25.45 will need to cross the previous support line, at $25.80 now, to recall the silver buyers.

Following that, lows marked during late February around $26.20 should test the bulls targeting the monthly top beyond $27.00.

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1876-S Liberty Double Eagle NGC MS64

Rare, Last Year of Type

The 1876-S double eagle had a mintage exceeding 1.5 million coins, but this does not necessarily translate into high-grade availability. Mint State coins are only plentiful through the MS62 level, after which the certified population drops off sharply. In MS64, the ’76-S is a major condition rarity and anything finer is almost unobtainable. The NGC is only 11 with 5 higher. This particular example offers a pleasing overall appearance.

Offered at $32,625 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 Price Outlook Remains Mired by Broader Recovery in US Yields

GOLD TALKING POINTS

The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy.

FUNDAMENTAL FORECAST FOR GOLD: BEARISH

The price of gold bounces back from a fresh weekly low ($1688) as the initial reaction to the 379K rise in US Non-Farm Payrolls (NFP) dissipates, and the recent weakness in longer-dated Treasury yields may lead to a larger rebound in the precious metal even as the Federal Open Market Committee (FOMC) maintains a dovish forward guidance.

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Daily “Sell” Special

We are offering a group of up to 75 freshly graded PCGS MS63 1915-S $20 Saint Gaudens. The 1915-S has a mintage that it only 13.1% of the 1924 which is the most common dated St. Gaudens. The 1915-S has a PCGS population that is only 4.9% of the population for the most common 1924’s, (4648 vs. 93,352)!

1915-S      1924 (most common)
Mintage 567,500 Mintage 4,323,500
Population 4468Population 93,112

Offered at $2,375 delivered (5 coin minimum)

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.