Market News

Federal Reserve Starts Easing Cycle with a Jumbo Sized Rate Cut The record-shattering gold rally of 2024 saw another burst of investor buying on Wednesday, following the Federal Reserve's first interest rate cut of this easing cycle. The Fed came in big Wednesday with an aggressive half percent cut in benchmark fed funds rate. Investors immediately bought gold after the news, which drove the precious metal to another record high above $2,600 an ounce on Wednesday ... >> Read More        

Presidential dollar coins were first released in 2007 as part of an initiative to honor former U.S. presidents. With their unique designs and special role in commemorating American history, they quickly became very popular with collectors. However, with the series rapidly growing over time, collectors frequently wonder: “Which presidential dollar coins are rare?”. This piece will answer that question, highlighting: The most valuable rare presidential dollar coins. Collectible presidential bills. Sourcing rare presidential gold coins ... >> Read More        

The year 1857 in American history included many significant events. These included the tragic sinking of the S.S. Central America off the coast of North Carolina, the Panic of 1857 (exacerbated, in part, by the financial loss from the S.S. Central America) which saw New York banks close in October, not to reopen until mid-December of that year, and Congress banned the use of foreign coins as legal tender. In the numismatic world the Flying ... >> Read More        

Wall Street is counting on the Federal Reserve to cut interest rates at its upcoming September 18 meeting. The question is how big will that rate cut be—25 or 50 basis points? The latest U.S. jobs data came in weaker-than-expected by a smidge, showing further signs the labor market is cooling. But, it appears to be a coin toss on whether this will push the Fed to cut rates in a bigger way this month ... >> Read More        

The Admiral Gardner was a significant vessel of the late 18th and early 19th centuries. Renowned not just for its role in the British East India Company's trade, but also for its unfortunate end, the ship met a tragic demise in 1809 on Goodwin Sands. Admiral Gardner’s precious cargo of coins, salvaged years later, has been highly sought after by collectors ever since. This piece will uncover the full story of this iconic vessel, exploring ... >> Read More        

As America hurtles toward a significant presidential election in just a few months, Thomas Jefferson's inaugural address in 1801 carries an instructive theme. Students of American history will remember that in 1801, Thomas Jefferson was sworn in as the third president of the United States. His victory over incumbent president John Adams marked the first time the American presidency changed from one party to another—shifting from the Federalist party to the Republican party. After a ... >> Read More        

In a few short months Americans will go to the polls to elect our next president. Depending on who wins, your taxes might go up or they might go down. But no matter who wins—changes to U.S. tax laws are coming that will impact all Americans. The Tax Cuts and Jobs Act of 2017 included many tax breaks that will automatically expire in 2025 unless Congress acts. Both presidential candidates: Donald Trump and Kamala Harris ... >> Read More        

You may agree that coin collecting is one of the most rewarding pursuits in the world. After all, it was once known as the "hobby of kings" due to its roots during the European Renaissance among wealthy Europeans. Historically, collectors purchased rare coins for their historical significance and beauty. But as these coin collections were sold for significantly higher values, investors began turning to rare coins as an asset class of their own, to gain ... >> Read More        

Collectors who appreciate the rich history of the United States highly value presidential coins for their meticulous craftsmanship and stories they tell about the nation's leaders. To add depth to their presidential coin collections, enthusiasts often go beyond the standard issues. They seek out interesting varieties and errors of coins featuring their favorite leaders. Among the most sought-after presidential coins are those featuring the two Adams presidents, John Adams and John Quincy Adams. This piece ... >> Read More        

The Federal Reserve finally got what it was waiting for. Inflation appears to be under control and trending lower. It's been a long wait for not only the Fed, but for millions of Americans who have been battered by the double whammy of high inflation and high interest rates. That has put big ticket purchases like homes, cars and other items out of reach and on hold for many consumers. In July, the Consumer Price ... >> Read More