Market News

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        
The Ultra Rare Ram’s Horn Gold

The Ultra Rare Ram’s Horn Gold

Gold is a commodity. This means that one ounce of pure gold found in the U.S. is worth the same as one ounce of pure gold found in Russia. The value is consistent across the globe. This consistency is part of the appeal of gold. It is a fungible, meaning that it doesn’t matter if the gold is in a coin, a bar, or an ingot. As long as the purity and the weight are ... >> Read More        
Will the US Ever Be Able To Pay Its Debt

Will the US Ever Be Able To Pay Its Debt?

When an individual can't pay the mortgage on their house, the bank takes possession of the home. When a person can't pay their car loan, the finance company repossesses the car. The U.S. government is racking up more and more debt every month, with a total of $22 trillion of debt owed today. Just like a person who doesn't pay off their credit card bill in full at the end of the month has to ... >> Read More