As of today, Craig Spencer is the owner/operator of A World of Coins. Craig has been an avid coin collector for over 40 years and would be happy to help any collector or bullion buyer achieve their goals. Craig has a passion for quality numismatics and looks forward to sharing the latest great coin with any interested party. Stop in anytime and get acquainted with the staff geared to superior customer service!
Never mind the Bitcoin craze. Gold and silver coins starring Russian czars, Chinese leaders and Roman emperors are igniting bidding wars as numismatic buffs compete with investors and wealthy collectors from emerging economies for the tiny relics.
Heritage Auctions set a record this week for a Brazilian coin sold at auction when a gold 1822 piece depicting the country’s first Emperor, Pedro I, fetched $499,375 in New York, said Cristiano Bierrenbach, the Dallas-based company’s head of world coins. Six of the 10 bidders were from Brazil. A 1711 Mexican Felipe V gold royal cob 8 escudos brought $293,750.
The sales were part of the 42nd annual New York International Numismatic Convention, the largest international gathering of dealers and auctioneers in the field of ancient and world coins. The event, running through Jan. 13 at the Waldorf Astoria Hotel, showcases an increasingly global market for the collectibles. In addition to a series of auctions, it includes 120 dealers hawking coins dating back to ancient Greece.
“Collecting coins used to be more of a hobby,” said Kevin Foley, the convention’s bourse chairman. “Now it’s an investment area, with people paying millions for coins.”
The most expensive Russian coin at auction fetched $4.4 million at Sincona AG in 2012.... Read More
The most expensive coin at auction, a 1794 Flowing Hair silver U.S. dollar, fetched $10 million at Stack’s Bowers Galleries last January in New York. In 2012, an anonymous collector paid $4.4 million for a 1740 Russian coin at Zurich-based Sincona AG, the auction house said.
Contact us for your entire coin, gold, silver needs at:
Russian President Vladimir Putin was to give a speech later Tuesday, after Crimea voted overwhelmingly in favor of becoming part of Russia in a referendum deemed illegal by the European Union and the U.S. Uncertainty over the situation in Ukraine has weighed on global sentiment over the past few weeks and boosted demand for the precious metal. Meanwhile, investors began to turn their attention to the outcome of the Fed’s policy meeting on Wednesday amid expectations for a reduction in its bond-buying program to $55 billion from the current $65 billion.
Market players looked ahead to key U.S. economic data later in the day for further indications on the strength of the economy and the future course of monetary policy. The U.S. is to produce data on consumer price inflation as well as reports on building permits and housing starts. Elsewhere on the Comex, copper futures for May delivery inched up 0.4%, or 1.1 cents, to trade at $2.964 a pound, as investors continued to close out bets on lower prices. The industrial metal fell to $2.908 a pound on March 12, the lowest since July 2010, as ongoing concerns over the health of China’s economy dampened demand for growth-linked assets.
Contact us for all you gold/silver, jewelry and coin needs at:
Austria's mint is running 24 hours a day to meet orders for gold coins, joining counterparts from the US to the UK to Australia in reporting accelerating demand boosted by the bear market in bullion.
Austria's Muenze Oesterreich mint hired extra employees and added a third eight-hour shift to the day in a bid to keep up with demand. Purchases of bullion coins at Australia's Perth Mint rose 20% this year through January 20 from a year earlier. Sales by the US Mint are set for the best month since April, when the metal plunged into a bear market.
Contact us now to buy/sell or have questions need to be answered at:
Treasure Hunters Find Gold Coin Trove Off Florida
In July of 1715, a fleet of 11 Spanish ships departed from Havana, Cuba. A hurricane struck on July 31, and all the ships sank. Fast forward 300 years, and 48 gold coins from the fleet have been discovered off the Florida coast.
Brent Brisben, who owns the shipwreck salvage company 1715 Fleet – Queens Jewels LLC, discovered the coins with a four-member crew as part of his excavation quest Saturday. A half-hour into their quest, the crew was only 100 feet away from the shore when they discovered the coins.
“It’s something I will never forget,” Brisben told ABC News. “To be one of the first person to touch these things in over 300 years is amazing.”
Brisben’s company is responsible for salvaging items from the shipwrecks. He said six of the 11 ships have been discovered.
Brisben is estimating the value of the coins at $250,000, but says his archaeologist has to come in and provide the full value. He estimated that each coin is worth $4,000 to $5,000. The oldest one dates back to 1697, and the newest one 1714, he said.
Brisben plans to sell the coins to collectors. But he said Florida is entitled to 20 percent of the haul, and he needs to see what they want to take.
Mary Glowacki, the chief and state Archaeologist of the Florida Bureau for Archaeological Research, did not return calls for comment.
During the summer, Brisbenand his crew leave the docks at 6:30 a.m. and come back after sundown. He can only look for items in the summer, he explained, because the water has to be calm and flat, conditions which really only happen during the summer months. He spends the winter months conserving and documenting the artifacts.
In 2010, Brisben and his crew discovered a bronze cannon filled with 50 gold coins and 40 silver coins that were valued at half a million dollars. That same year, they found an “extremely rare” gold artifact appraised at $885,000, which the company sold to a private collector in San Francisco.
Brisben previously owned a real estate business, but has operated the salvage company since 2010. He also told ABC News his company is filming a reality show about treasure hunting.
If you are looking to buy or sell gold, start a coin collection or add to your collection of coins, it is important that you work with a trusted coin dealer in order to ensure proper information and receive a fair value. Our team at A World of Coins is where we offer a complete knowledge of rare coins, paper money, bullion, estate jewelry and precious metals.
At A World of Coins we are pleased to offer reliable and friendly customer service and very competitive prices. We will never push a purchase as a good investment. We pride ourselves instead on guiding coin collectors towards selections that will suit their individual needs. To learn more about us, stop by A World of Coins in Littleton, Colorado.
An effort has recently been launched on the Internet to get those who believe in “real money” to buy (physical) silver on May 1st.
It’s too soon to know if this grassroots’ appeal goes “viral” and makes a statement that influences not only markets, but the mainstream media and perhaps even the world.
At least some early comments about this fledgling initiative fall in the “Why bother?” “This-is-silly” categories.
Balderdash. I love the idea, am definitely going to participate, thank those who thought of it and hope millions of liberty-loving people do as well.
Ron Paul army? You up for another great cause?
What’s the worst that can come of such an effort? I can think of two things.
1. It falls flat, never takes off, makes no real difference. No one seems to even notice.
2. You buy some silver and you have less fiat currency in your possession.
Now, what’s the best that could happen if this effort DOES go viral? Off the top of my head, I’ve come up with 12 possible outcomes and I like all of them.
1. The run on physical silver and gold that has been taking place since April 12th and 15th goes bionic ... parabolic. Even the NYT and CNBC will be unable to ignore that “something big” is happening in the world’s precious metals (physical) market.
This "something" is that Joe Smoe’s on Main Street are voting in mass for silver and gold.
And against: The Fed, fiat money, U.S. Treasuries, bloated government, deficit spending, unlimited money printing, Too Big To Fail (or Jail) banks, crony finance, etc.
2. It will become even more likely that the “real” price for gold and silver will be determined by the physical market, not the “paper” market so many of us believe is rigged and controlled by The Usual Suspects.
3. The effort will generate headlines that might cause others who have never considered investing in silver or gold to say, “Hey, what’s the fuss?” and look into precious metals to protect their own futures.
4. It will make JP Morgan brass, Ben Bernanke, Treasury Department honchos, the president and politicians who depend on money-printing to fund their playground ... squirm, cuss, panic?
5. It will make those who predicted the gold and silver bubble had burst reconsider their predictions and, well, look stupid ... again.
6. It will make those who likely orchestrated the recent “smash down”
of gold and silver prices - in an effort to kill investor sentiment toward precious metals (to protect the dollar as the ultimate “safe haven”) - rue the day they signed off on this gambit.
7. It will illustrate again how "ingenious" central planning can sometimes
backfire and confirm again “the Law of Unintended Consequences.”
8. It will perhaps make more people aware that the statistics and “talking points” that are being disseminated about the economy are not to be trusted. Nor are the journalists who are supposed to report on it.
9. If May 1 sales are significant enough, this will (one would assume) increase the price of silver. This makes the silver you have already purchased more valuable. That is, your net worth could increase.
10. If the effort reinforces notion that there actually is a run on physical silver and gold taking place (one that is clearly not abating), it will motivate others to buy into the market, which will further increase prices and enhance your net worth and protect your wealth.
11. It will reinforce Ron Paul’s notion that silver and gold are “real money” and perhaps move us closer to the day where the majority of Americans favor a return to some form of gold standard.
Finally, if you buy some silver coins, rounds or bars, you will have a store of value you can save as long as you prefer. Maybe the price will go down the next day or for a period of weeks, but you should know that, at some point, the prices are going to go back up, maybe even to the sky.
In other words, a lot of good can happen by supporting the “Buy Physical Silver” effort on May 1st, and certainly no obvious “bad." (I'm sure others can come up with even more reasons to jump on board this effort).
I say let’s all do our part, send a message from the Peons, and cast a “vote” about status-quo insanity by buying (physical) silver on May 1st; and then ...
12. ... See what happens. It might be quite fun to watch to boot.
Bill Rice, Jr. is managing editor of The Montgomery (Alabama) Independent. He can be reached at:
SAN FRANCISCO (MarketWatch) — Gold futures tilted higher Thursday, rebounding after a sharp decline in the prior session, as investors parsed through a mountain of economic reports in the U.S.
Weak regional manufacturing data and a bigger-than-expected decline in last week’s jobless claims helped spur safe-haven demand for gold.
“Those who had thought that it’s all rosy cozy for U.S. economy will now move into sidelines,” said Chintan Karnani, an independent bullion analyst based in New Delhi.
Gold for delivery in April GCJ3 +0.04% climbed $4.80, or 0.3%, to $1,582.80 an ounce on the Comex division of the New York Mercantile Exchange after trading at an intraday low of $1,554.30.
Reuters Gold futures tilted higher Thursday.
On Wednesday, gold skidded $26.20, or 1.6%, to settle at $1,578 an ounce, marking its fifth straight session of losses. Read: Gold sinks below $1,600 amid ‘death cross’ talk.
Prices fell even further in electronic trading Wednesday evening after the Comex close following the release of minutes from the Federal Reserve’s January meeting.
The Fed minutes stoked concerns that policy makers could pull back on their massive quantitative-easing program, as the U.S. central bank said that it would review the program in March. Read: Fed, uneasy over ‘QE,’ plans bond-buy debate.
The Fed’s quantitative easing has supported gold due to worries that it may spur inflation and weaken the dollar. Any indication that the Fed may scale back or end bond buying tends to put pressure on gold prices. Gold is seen traditionally as a hedge against inflation and investors often flock to the metal as a safe-haven investment.
A pullback in quantitative easing can be seen as a reaction to an improving economy, and analysts at HSBC said the recent “ongoing liquidation” in gold prices “seems to be in response to an easing of financial-market anxieties and equity-market strength.”
“Gold also was undermined by a drop in the 50-day moving average below the 200-day moving average, which encouraged technical selling,” the analysts said. It’s considered a bearish signal and some refer to it as a “death cross,” though technically that’s not completely accurate. Read: Gold's so-called death cross is not its only problem.
But on Thursday, U.S. economic data weren’t all upbeat.
Last week’s jobless claims climbed more than expected and data on manufacturing activity disappointed the market. See: Weakening new orders hit manufacturing.
Why Is gold slumping again?
The price of gold, which touched $1,750 an ounce in December, is now around $1,600 - and falling.
The Philly Fed’s gauge of regional manufacturing activity fell to negative 12.5 in February from negative 5.8 in January. Analysts had expected the Philly Fed index to rise to a reading of positive 1.6.
“The Philly Fed numbers have been the biggest catalyst for the gold rise,” said Karnani, “but it is too early to say whether the rise will be sustainable or that the rise is another bear rally.”
A daily close in Comex gold below $1,566 “will reaffirm the bearish direction” for Friday, he said. Also Friday, “Indian demand for gold will zoom” as banks reopen after a two-day national strike, and there are no U.S. economic numbers tomorrow so gold will likely see technical trading.
Still, Tyche Group associate director Martin Hennecke said that he believes gold’s recent losses present a buying opportunity.
He said that last weekend’s Group of 20 statement, in which countries pledged not to engage in competitive devaluation of their currencies, as well as the Fed minutes and gold selling in the last quarter of 2012 by notable investors, have spooked the markets lately.
Hennecke said, however, that the debt position of many countries remains as weak as ever, and he believes that they will continue to print money to devalue their currencies in order to control debt.
“They have no choice but to print,” he said. “I think there will be upside [for gold] as people come to realize that the crisis isn’t over.”
Don't forget your sweetheart this Valentines Day. Come and check out our selection of fine jewelry.
The 2013 Silver Eagles are here. Come get yours today.