Precious Metal & Rare Coin Market News

American flag

The U.S. Economy and Gold: 3 Things to Watch in Second Half of 2024

Gold, Investment, Market News |
Heading into the second half of 2024, the U.S. economy is slowing down, inflation is still above the Federal Reserve's target rate, and gold has climbed to a series of new record highs. As investors look ahead, here are three factors to consider as you position your portfolio for the changing macroeconomic landscape. Making History: Interest Payments on National Debt Set to Exceed Defense Spending The U.S. National Debt continues its onward march higher and ... >> Read More        
1854-O $10 Liberty SS Republic Large Date NGC AU55

SS Republic Shipwreck Gold Coins

Market News, Rare Coins |
With a storied history that spans both military and commercial endeavors, the SS Republic holds a prominent place in American maritime history. Despite the ship’s tragic demise, its legacy remains strong today through the artifacts discovered among its wreckage, such as the SS Republic shipwreck coins. This piece will delve into the historical significance of the SS Republic and the treasures it left behind, discussing: Interesting facts about the iconic SS Republic ship. The valuable ... >> Read More        

Fed Fails to Deliver While Investors Turn to Gold in 2024

Gold, Market News |
Don't Count on the Fed: Protect Your Personal Economy with Gold As expected, the Federal Reserve held its benchmark interest rate at a 23-year high at the close of today's central bank meeting. The fed funds rate stands at 5.25%-5.50% as inflation continues to hold a tight grip on the U.S. economy. From 2022 until 2023, the fed hiked interest rates 11 times in an attempt to tame runaway inflation. To date, the Fed has ... >> Read More        
Gold bars

Gold Dips On Hotter Than Expected Jobs Report

Gold, Investment, Market News |
Gold dipped lower following a stronger-than-expected May U.S. employment report. The U.S. economy generated 272,000 new jobs in May, well above consensus estimates for 180,000 new jobs. Average hourly earnings rose 0.4% in May, also above the 0.3% consensus forecast. Meanwhile, the overall May unemployment rate increased to 4.0% from 3.9% in April. That marked the highest level since January 2022. Traders sold gold following the report as the strength in the labor market reduces ... >> Read More        
Gold on American dollar bills

Consumer Confidence Plummets, New Home Sales Sink

Gold, Market News |
While April showers may bring cheery May flowers, U.S. consumers took a decidedly more dour approach to their finances and the economy this spring. Consumer confidence and new home sales data revealed widening cracks in the economy amid still-high interest rates and elevated inflation. Gold continues to trade to ever-higher levels in 2024 and hit another new record high in May climbing above $2,400 an ounce. Investors are turning to gold in droves, piling into ... >> Read More        
Sticky note that says "Taxes" resting on taxes forms and calculators.

Trump Tax Cuts Expire After 2025: Are You Ready?

Gold, Investment, Market News |
As the presidential election starts to heat up, expect to hear more about taxes on the campaign trail this summer and fall. Why? There are potentially sweeping tax law changes on the horizon. Most Americans have paid lower income taxes since 2018, due to former President Donald Trump's Tax Cuts and Jobs Act of 2017. Yet, many of these tax breaks are set to expire next year, unless Congress acts. The 2017 tax law temporarily ... >> Read More        
Connecticut Coppers

The Most Popular Variety of Connecticut Coppers: The 1787 Horned Bust

Market News, Rare Coins |
Following the Revolutionary war in colonial America, a lack of national coinage for everyday commerce began to pose problems. Fraud and counterfeiting began to run rampant. The Articles of Confederation, ratified in 1781, had authorized states to create their own coinage. So, the state of Connecticut took action and stepped in to help solve the problem locally, while the nation debated opening a national mint. The Connecticut legislature authorized a private firm to mint what ... >> Read More        
One Centavo Coin

5 Most Interesting Coins from the Manila Mint

Market News, Rare Coins |
You may not be aware (many aren't) that the United States Mint operated a mint in the Philippine Islands. In fact, the Manila Mint is the only U.S. branch mint that was located outside the continental United States! Today we'll explore five of the most interesting coins from the historic and under the radar Manila Mint in the Philippine Islands. A Little History After the U.S. defeated Spain in the Spanish-American War in 1898, the ... >> Read More        
Brasher Gold Doubloon

Brasher Gold Doubloon: One of the Most Valuable Coins in the World

Gold, Market News, Rare Coins |
If you've been around coin collecting for a while, you may have heard of the legendary "EB" counter stamp that Ephraim Brasher marked on coins that he issued back in the late 1780's. For those who aren't familiar with Brasher, he was practically a celebrity in colonial America. Brasher was a patriot of the American Revolution, a successful businessman and neighbor of George Washington. A well-respected jeweler and coiner, Brasher was known for his integrity ... >> Read More        
$4 Stella

The Shocking Scandal Behind the Beloved $4 Gold Stella

Gold, Market News, Rare Coins |
If you ever saw an episode of the HBO TV drama: The Gilded Age, you understand how exciting this period in U.S. history truly was. Starting in the 1870's the U.S. economy was booming. Railroads were built coast to coast. The steel and coal mining industries were growing fast. Titans of industry like John D. Rockefeller, Cornelius Vanderbilt, Henry Ford and Andrew Carnegie built great fortunes. During this historic time one of the most fascinating ... >> Read More