Posted from NGC news The top NGC-certified coin was an 1870-S Seated Liberty Dollar that realized $420,000. Twenty-four vintage American coins certified by Numismatic Guaranty Company® (NGC®) each realized prices over $100,000 in the FUN US Coins Signature Auctioon January 15, 2023. The top NGC-certified coin was an 1870-S Seated Liberty Dollar graded NGC XF 40 (lot 3766) that realized $420,000. It is generally believed that not more than a dozen 1870-S Dollars were produced, and only nine are confirmed to exist today. These were apparently struck in connection with a ceremony to lay the cornerstone for the new Mint facility in San Francisco. … [Read more...]
News & Updates
NO! You Can’t Print Gold
October 19, 2022
The Fed cannot print gold, unlike every other asset. Bank of America has caught up with where we have been for the past few years. Predicting $3000per ounce as early as this year. As central banks and governments double down on their gold holdings, we believe it’s clear now that even Wall Street’s agenda is lining up with all of us who have been calling that the biggest winner of the central bank gold buying spree will be Gold. Main stream media is quick to let us know inflation isn’t going anywhere — but prices certainly are. The Consumer Price Index is consistently higher with each report. A closely watched metric of the US economy, rose by more than forecast to a 40-year high in September. The hard cold truth is … [Read more...]
Should I Invest in Silver?
June 13, 2022
Interest in the silver market pops whenever traditional investments waiver. Many of our clients are wondering if it is the right time to add physical silver to their investment portfolios. Below are some advantages to owning silver bullion. At the bottom there is a button to buy silver. We take pride in offering bullion of all types at or lower than nationally competitive pricing. If you have questions please give us a call we are happy to visit Protection — As mentioned, investors often move into precious metals during times of turmoil. When political and economic uncertainty are in the forefront, the dollar sometimes takes a backseat to assets like gold and silver. Gold and silver bullion can be appealing to investors, Silver tends to … [Read more...]
SS Central America
June 9, 2022
If you’re a history buff, you’ve maybe heard of an event called the Panic of 1857.Firstly, it had nothing to do with a disease or a shortage of toilet paper. It was an episode in history when the world economy took a dark turn for the worse. Not only did it affect those living in and working in eastern cities, but the simple farmer on the Minnesota frontier. Suddenly, his cash crops became worthless, and his bank notes were only as valuable as the paper they were printed on. In addition, the enterprising settlers that depended on the growth of new settlements would see the surge of immigration to Minnesota slow to a lowly trickle.A great many factors went into this global depression, but in America it was due in large part to the … [Read more...]
An Outside Perspective on the Rare Coin – Third Party Comments on Crypto Traders Coming in the Rare Coin Market.
January 18, 2022
Hello from Texas, We normally voice our own opinion here at rarecoinpros.com From time to time it's nice to get perspective from a third party. Take a minute to read some excerpts from Charles Passy's 1.15.22 MarketWatch article. The beauty of this article is; it cements the fact that new money coming in puts pressure on a market that has a static supply of product. Which in turn helps prices go up. This is paper money turning into gold and silver-real value assets, not numbers on computer screens. With prices for some rarities in the millions of dollars, collectible coins are becoming a hot item The numismatic market has seen tremendous growth since the start of the pandemic, with cryptocurrency investors even … [Read more...]
Inflation Reached 31-Year Highs in October
December 2, 2021
Jerome Powell suggests it’s time to stop describing inflation as ‘transitory’ So now we know...Inflation isn’t going anywhere — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase. It's the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October's data represents months of faster rising prices, compared to levels the U.S. economy has seen in years. Consumers are starting to notice the increasing bite that rising food prices are starting to take out of their monthly budgets. Nearly 60 percent said that grocery stores were where they saw the most dramatic price increases. According to an October survey of US consumers by Bank of America … [Read more...]
Watch Me Pull A Massive Spending Bill Out Of My Hat!
October 13, 2021
Before the morning sun painted my Texas sky with an artistic hue of orange and yellow, I began the daily jaunt through my favorite sources of information and written opinions. I have a cache of writers and news sources I respect and trust to have the insight necessary to prepare for the coming barrage of questions I am faced with daily. I read both sides of opinions on arguments that shape our current landscape of societal and economic chaos.In trying to make sense and direction of the mass of information, true, and mis, I am reminded of a good friend of mine who is quite adept at the art of magic. One evening, after a casual display of his sleight of hand, in summary, he explained to me that the key to illusion was distraction. To … [Read more...]
Bank of America Calls Gold “Ultimate Store of Value” Raises Target Price to $3000 oz
August 4, 2021
The Fed cannot print gold , unlike every other asset. Bank of America has caught up with where we have been for the past few years. "As central banks and governments double their balance sheets and fiscal deficits, we up our 18 month target from $2000 to $3000/oz" We believe it's clear now that even Wall Streets agenda is lining up with all of those who have been calling that the biggest winner of the central bank insanity will be the "barbarous relic". Gold. Now with the Fed committing to do whatever it takes to prevent widespread panic and bankruptcies in the US, Congress injecting 5 plus trillion stimulus and economic growth at a crawl until there is a cure or vaccine inflation could rise even if GDP … [Read more...]
The New Heavy Weight Champion of the Coin World
June 17, 2021
A 1933 Double Eagle, America’s last gold coin struck for circulation, sold for a record-shattering $18.9m at auction in New York this month. The only 1933 Double Eagle ever allowed to be privately owned, was expected to pull in somewhere along the lines of $10m to $15m at the auction but sold for far beyond that. This double eagle represents the new pinnacle of price paid for a U.S. coin. It is the latest in a long line of million dollar plus rarities to trade hands this year.The numismatic market is as hot as it's ever been. There are many "sleeper" coins out there that have the potential to be one of these million dollar coins in the future. American Rare Coin is dedicated to building rare coin portfolios based on our clients goals. … [Read more...]
Rare Coin Market Update April, 2021
April 6, 2021
In our last update, we reported news of serval classic United Statesrarities trading in excess of the million dollars mark. Five of them from2-9 million. Very impressive to say the least. Although even moreremarkable; the buyer was a newb – He had never acquired a singlerare coin prior!This is a dead giveaway that the high-end rare coin market is as we sayin Texas “hot as blue blazes”. If these transactions are not enough toconvince, just look at the latest smash from a sale in Las Vegas lastmonth. An 1822 half eagle sold for hammer price of 8.4 million. Inaddition to these public sales, there have been numerous private treatydeals we have been privy to. These have ranged from 250k to beyond5 million for single coins.We feel like all areas … [Read more...]
