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

A Pair of Kellogg & CO. $20’s NGC MS60 and NGC MS61

Sirhc

No Cereal

John Grover Kellogg was one of the most respected assayers and coiners in San Francisco during the Gold Rush. He was involved in many of the preeminent refining operations of the period, partnering with the likes of John Moffat, G.F. Richter, and Augustus Humbert from 1849 through 1860. In 1854, these $20 gold pieces served a vital role in commerce during the time between the closure of the United State Assay Office and the full operation of the San Francisco Mint, which opened in April of that year.

1854 NGC 60 Offered at $25,875 delivered

1855 NGC 61 Offered at $30,475 delivered

Pair Price $55,000

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.

Inflation/Deflation: The Economy Is An Elephant

Sirhc

This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.

The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depends on what part they happen to touch.

This is why aggregate measures such as gross domestic product (GDP) and the consumer price index (CPI) will be misleading and therefore useless going forward: different parts of the economy might experience sharp deflation while other parts are experiencing rapid inflation. What each household and enterprise will experience depends on their exposure to these cross-currents.

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Case For Holding Gold – The Lombard Odier View

Sirhc

Tom Burroughes, Group Editor , London, 22 July 2020

The Swiss private bank sets out the reason for holding the yellow precious metal in portfolios. The commentary is another turn in the debate about the role gold should play in wealth management.

The case for gold often arises when risks appear to be higher than normal, or when fears erupt that the value of government “fiat” money is going to erode. Massive central bank quantitative easing – aka money printing – and the impact of the global pandemic create plenty of risks in the investor’s mind, even if it turns out that central bank new money gets mopped up before problems arise. This is a classic “safe haven” asset. Debate remains: the very time that a person might want to access their gold might be a time when governments try to seize it – as happened during the 1930s in the US.

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1806 Pointed 6, 8×5 Stars Draped Bust Half Eagle PCGS MS63

Sirhc

Choice Unc.

Numismatists have identified six die varieties of 1806 half eagles, five of them show a Pointed 6 in the date and the sixth has a Round Top 6. The 2021 Guide Book lists the mintage for all the Pointed 6 varieties as 9,676 pieces, while the single Round Top 6 variety has a large production total of 54,417 examples. This coin represents the BD-1 Pointed 6 variety, with stars 1 and 2 close to the curl, and imperfect T’s on the reverse. The BD-1 has a surviving population of 100-150 specimens in all grades and probably accounted for 6,000-8,000 pieces of the reported mintage. When tilted slightly, this coin is quite a bit lighter in hue (and less orange) than seen in the images. The PCGS population stands at 14 with 4 higher.

Offered at $34,500 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.

1937-D Three-Legged Buffalo Nickel PCGS MS66

Sirhc

Not Pulling Your Leg

The 1937-D Three-Legged variety is the result of a heavily eroded tail die being vigorously lapped in an effort to smooth out the fields for continued coinage. Effacing the bison’s forward right leg was an accidental consequence that may have gone completely unnoticed by mint employees. But coins struck after the fact have become one of the most sought-after varieties of the entire Buffalo nickel series. Available for a price through MS64, the Three-Legged variety becomes scarce in Gem condition, and anything finer is a great rarity that most collectors can only dream of owning. The PCGS population is only 11 with 3 higher, each of the latter being 66+.The coin offered here boasts a very pleasing overall appearance.

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
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.

1879 Liberty Double Eagle NGC MS65

Sirhc

One of the Very Finest Known

Production of double eagles declined at the Philadelphia Mint in 1879, with a reported mintage of 207,600 pieces. Many circulated survivors are available in today’s market, but Mint State coins are rare. And when it comes to choice uncirculated or better examples, we’re talking RARE! NGC and PCGS combined, have graded only 30 pieces MS63 or higher. Better yet, this is the sole MS65 graded by NGC, with just one higher and PCGS has graded a single MS65, with none higher. This one displays a sharp strike and satiny luster, which is much more pronounced in-hand.

Offered at $59,950 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.

1857-S Liberty Half Eagle PCGS MS62

Sirhc

Another “Fishing for Bass”?

Ex: H.W. Bass Jr. Collection. Of the six 1857-S half eagles offered in the three Harry Bass gold sales, this piece was the finest. At the time (1998), it was the highest certified example at PCGS, and it is still housed in the old blue label Generation 4.0 PCGS holder (with barcode on the back) from that sale. The 1857-S half eagle remains scarce in Mint State to this day, and rare with original, non-seawater surfaces.

Offered at $13,950 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.

1889 Morgan Dollar NGC MS67

Sirhc

 1 of 5, None Higher

A substantial mintage of 21.7 million Morgan dollars was accomplished at the Philadelphia Mint in 1889, making the issue readily available in lower Mint State grades. However, many examples seen were struck from overused dies and high-grade specimens with a sharp strike are not at all plentiful. At the MS67 grade level the 1889 is a prime condition rarity. In fact, this is one of only five so-graded at NGC, with none higher. This particular example is more vibrant and colorful, when viewed in-hand.

Offered at $8,250 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.