Archive for November, 2011

It’s All About The “O”

Posted on November 18, 2011 by No Comments

Barber Half Dollar

The coin pictured about is a PCGS MS65 1892-O Micro O Half Dollar, the rarest and most desirable of all the Barber Half Dollar varieties.  This one is owned by Dr. and Mrs. Peter K. Shireman and resides in their PCGS Registry Set (currently ranked #1).

“Micro O” is an apt name for this variety, as it describes a mintmark that is substantially smaller than normal.

Filed Under: News

What Other Collectibles Markets Are Doing

Posted on November 18, 2011 by No Comments

Monroe Dress sold at auction for $5.4 MillionThere are millions of collectors out there in the world. Some collect paintings, antiques, cars, currency, cards, stamps comic books, lamps, statues, cans, bottles and I can go on and on. And then there is the wonderful coin market.

In a sense, all these other collectibles markets can be a great benefit to the coin market as it gives collectors the confidence that there is a real market for collectibles and including coins. What kind of confidence? Well, some of the following examples are just glimpse of what other collectibles markets are doing. If you think coin prices are high, some of the other collectibles prices will blow you away!

For instance, in July of 2011 a Marilyn Monroe Dress sold at auction for $5.4 Million, it was originally expected to bring 1-2 million.  A 1936 Buggati (car) sold for over $30 million last year in a private deal. Bill Gates also paid $30.8 million for a historical notebook written by Leaonrado da vinci.Bugatti1

A Statue called “L’Homme Qui Marche” which was sculpted as a representation of humanity, fetched $103 million in a Sotheby’s auction.

Finally, the art market has also realized some staggering prices. For example, a painting featuring the “Portrait of Adele Bloch Beauer” sold for $135 million in a private sale.  These are just a few examples of some of the records that other collectibles have been selling for.

1794 DollarThere are tens of thousands of other collectibles that are not mentioned here which have also realized staggering prices. In the meantime, the single highest price paid for a coin so far is $7.85 million for a 1794 Dollar.

 Based off how other collectibles markets are performing, I wouldn’t be surprised if the record price of $7.85 million is broken in the coin market sometime soon.

Filed Under: News

U.S. Mint Spends $3.75 Billion in Buying Precious Metals

Posted on November 10, 2011 by 2 Comments

The U.S. Mint has already spent an amazing $3.75 billion on buying precious metals in 2011 alone. This is an increase of over $1 billion more than last year, despite last year also hitting record numbers.

The Mint purchases precious metals from at least 5 different bullion suppliers. One of its main precious metal suppliers is Sunshine Minting, which also happens to supply 13 other World Mints with precious metals. The Sunshine Minting Company has also had to quadruple its work staff, in order to keep up with other World Mints increased demand for precious metals.

As we can see precious metal demand is definitely not just taking place in the U.S. as World Mints are also experiencing a huge demand in selling bullion related coins. precious Metals

Filed Under: News

Proof-only with Color!

Posted on November 10, 2011 by No Comments

1879 Trade Dollar

A lovely, colorful example of the Proof-only 1879 Trade Dollar, in PR67!  Learn more here.

Filed Under: News

Silver Dollar Dreaming

Posted on November 3, 2011 by No Comments

1801 silver dollar

Here’s a beautifully toned 1801 Silver Dollar in PCGS MS-64.  Learn more here.  Pleasant dreams!

Filed Under: News

Super-rare, Proof 1829 Half Eagle

Posted on November 1, 2011 by 1 Comment

1829 Proof 5

An exceptional 1829 $5 gold piece from a collection certified by PCGS in October.  This exceedingly rare coin is now in a PCGS PR64 holder.  You can see larger images of this coin here.

Filed Under: News