Market News

1861 Indian Princess

The Tumultuous Times of the 1861 Indian Princess Gold Coin

Market News, Rare Coins |
In the wild days of the California gold rush (1848-1855) the supply of gold surged in the US. This influx reinvigorated Congress’s interest in producing a gold coin dollar. Originally, the idea to issue a one-dollar gold coin came from Alexander Hamilton, the Secretary of the Treasury. For a long time, government officials, and the US public, advocated for such a coin. Their argument was that issuing a one-dollar gold coin would be convenient in ... >> Read More        
Game of Thrones Coin: Mithradates VI Stater

Game of Thrones Coin: Mithradates VI Stater

Market News, Rare Coins |
Well … almost. Here, see what we mean: Matricide. Fratricide. Filicide. The slaughter of an entire Roman province of 80,000. Who would do such things? Sounds like a villain out of Game of Thrones, right? Unfortunately, these acts are all too real. They were committed by King Mithridates IV, ruler of the Kingdom of Pontus. Mithridates was loved by his people as their savior from Rome’s oppression. Rome, on the other hand, hated him as ... >> Read More        
A Shipwreck for the Ages: The S.S. Central America

A Shipwreck for the Ages: The S.S. Central America

Market News, Rare Coins |
The siren song of gold called from California to every corner of the country. Across the nation, men (and a much smaller number of women) sold their possessions, borrowed money, and spent their savings to get themselves to the Promised Land. The journey, however, was perilous. Prospective gold miners, called ’49ers for the year (1849) that the Gold Rush started, traveled overland across mountain ranges, sailed to Panama, and sailed around Cape Horn – all ... >> Read More        
Morgan Dollars

Over 270 Million of These Coins Were Melted

Market News, Rare Coins |
Over 270 million Morgan silver dollars met their fate in the melting pot under the provisions of the Pittman Act of 1918.   The U.S. government ordered this dramatic move to save Great Britain from a banking collapse and may have also helped the Allies win the war. How did this great silver meltdown come to pass? Back then, international trade was conducted in gold. Allies were buying steel, food and supplies to maintain their ... >> Read More        
1907 Saint Gaudens Double Eagle

The 1907 High-Relief Saint-Gaudens: A miniature sculpture in your hands

Market News, Rare Coins |
When President Theodore Roosevelt set his mind on something, nothing would hold him back. And one thing he wanted was to improve America’s image in the world. As part of that mission, he decided to send a fleet of battleships around the world to show how powerful our navy was. However, there was one problem: “I think the state of our coinage is artistically of atrocious hideousness,” President Roosevelt wrote to the Secretary of the ... >> Read More        
8 Escudo 1715 Treasure Fleet

The 1715 Spanish Treasure Fleet: A Coin from the Watery Depths

Market News, Rare Coins |
The men had just had two days of calm seas. But it wasn’t to last … A strange swell appeared in the sea, silent and unsettling. The sea birds vanished. The swell grew; cargo rolled in the holds; and for the 1,000 men sailing the 11 ships of Spain’s Treasure Fleet, the night passed uneasily. In the morning, the sun never seemed to rise. By noon, visibility was so poor that the convoy of ships ... >> Read More        
Oil production and gold prices

What Does an Oil Price Spike Mean for Gold?

Gold, Investment, Market News |
Just days ago, a group attacked the Saudi Arabian Abqaiq oil facility. The location outputs 5 million barrels of crude oil every day. This volume represents 5% of the global oil supply. The attacks disrupted their production sending oil prices north by about 10% marking the largest one-day increase ever seen in the oil industry. Amazingly, the response from gold was muted. This minimal movement is surprising because history shows that gold reacts violently to ... >> Read More        
What Negative Interest Rates Mean for You

What Negative Interest Rates Mean for You

Investment, Market News, Research |
Maybe you've heard the news? Zero or negative interest rates could be coming to a bank near you soon. In the topsy-turvy world of negative interest rates, there are winners and losers. Savers lose. Instead of earning 1% or 2% on your deposits, you could have to pay banks to hold your money. That's not all. Here's 7 things everyone should know. #1 What is ZIRP? ZIRP, or zero-interest-rate-policy is an emergency monetary policy measure ... >> Read More        
America’s First Silver Dollar

America’s First Silver Dollar

Market News, Rare Coins |
Many people are surprised to learn that the origins of US currency aren’t found in our country. They’re found in the Netherlands. Upon arriving in the New World, the Dutch established the colony of New Amsterdam which is known today as New York. Here, immigrants traded Lion “Daalders,” a coin first minted in Holland in 1575. By 1617 the coin was popular wherever commerce was thriving; America, Europe, Africa, the Middle East, and the Orient ... >> Read More        
“Thar’s gold in them thar hills!”

“Thar’s gold in them thar hills!”

Or rather, “There’s millions in it!” (Doesn’t have quite the same ring, does it?) This is a story about the 1858-D $1 Gold coin.  It turns out that “Thar’s gold in them thar hills!” is a Hollywood western invention, by way of Mark Twain. But let’s rewind. In 1829, the Georgia Gold Rush started. Thousands of miners flocked to the area—and Dahlonega, Georgia, quickly became a gold-rush boom town. But then in 1848, gold was ... >> Read More