DISASTER RELIEF

U.S Mint VIDEO: San Francisco Mint 2018 Silver Reverse Proof Set

In celebration of the San Francisco Mint’s 50th anniversary producing United States Mint proof coinage, this video showcases a stunning two-lens silver reverse proof set. The set features the 2018-dated Native American $1 coin, Kennedy half dollar, America the Beautiful Quarters® Program coins, Roosevelt dime, Jefferson nickel, and Lincoln penny—all with beautiful reverse proof finishes.

Watch on YouTube →

Shorter, 20-second, version on YouTube →

Veteran dealer: “We have seen the 2018 low for gold.”

“The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets. We have seen the 2018 low for gold,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (https://apmddealers.org), a division of the Professional Numismatists Guild (https://pngdealers.org).

The premium between the intrinsic value and market value of many pre-1934 dated gold coins is at its lowest point in decades, he noted.

“In my 50-year history of monitoring precious metal prices, one thing has happened again and again. Before any major gold/silver rally, there was a clean out, and normally it’s quick. A quick, sharp drop in any precious metal price allows the professionals to watch the small speculators being stopped out of their leveraged commodity contracts. It’s called ‘driving out the weak hands’ because margin calls cause small investors to sell and take a loss, rather than investing more money,” Stuppler explained.

“This week, I expect to see central banks reporting their gold purchases for June. With the U.S. dollar at the current high exchange rate versus the Euro, Yen, and Yuan, it should be sizeable. Many of the world’s largest central banks are actively exchanging their U.S. dollars for gold,” Stuppler added.

“A benefit of the strong U.S. dollar-for-gold investors is the low premium on pre-1934 U.S. and foreign gold coins. It’s the lowest it’s been in 20 years,” he pointed out.

All 48 nationwide members of the Professional Numismatists Guild Accredited Precious Metals Dealer (PNG-APMD) program undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and guarantee the authenticity of the numismatic merchandise they sell.

A directory of PNG-APMD members can be found at www.apmddealers.org/apmd-dealers.

Now Available – $2 Lucky Panda

First Day of Sale: July 10, 2018 (8:00 a.m. ET) – The Bureau of Engraving and Printing (BEP) is pleased to introduce the $2 Lucky Panda, a new addition to the Lucky Money Collection.

The $2 Lucky Panda is exquisitely designed with decorative Chinese symbolism and is packaged in a symbolic, red folder with embossed, gold foil. This product features an uncirculated $2 Federal Reserve note with a serial number beginning with “888.” The $2 Lucky Panda symbolizes character traits as peace, harmony and friendship.

Please visit our website for additional product information at www.moneyfactorystore.gov.

Barry Goldwater Jr. and NGC Agree to Signature Label Deal

Barry Goldwater Jr., a former member of the US House of Representatives from California, has agreed to individually hand sign certification labels exclusively for NGC. Goldwater, who served in the House for 14 years, is the son of former US senator and 1964 presidential candidate Barry Goldwater.

Serving alongside his father in Congress, Goldwater earned a reputation as a champion of individual liberty. He co-authored the Privacy Act of 1974, which regulates the distribution of personally identifiable information from federal agencies. He also served on the Space and Aviation Committee, which authorized and oversaw the Apollo 11 mission, including the landing of the first man on the moon in July 1969.

As part of his exclusive agreement with NGC, Goldwater will individually hand sign NGC certification labels that can be encapsulated with a variety of modern US coins that proudly display the motto “Liberty,” which has always resonated with Goldwater and his father.

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Unprecedented Grouping of Rare Territorial Gold Coins Aboard SS Central America Treasure

(July 9, 2018) — Some of the finest known Kellogg & Co. and Wass Molitor & Co. San Francisco gold coins are among the 105 historic California Gold Rush Territorial coins recovered during the last expedition to the fabled “Ship of Gold,” the SS Central America, that sank in 1857. The headline-making recovery also includes a rare variety U.S. Assay Office $20 coin and an unusual counterstamped Wass Molitor $5 gold piece.

These are some of the latest major discoveries revealed in the continuing chronicle of the United States’ greatest sunken treasure, according to the California Gold Marketing Group (CGMG).

“We have finished carefully examining and cataloging the $5, $10 and $20 gold Territorials we took possession of earlier this year that were retrieved from the SS Central America in 2014. It was exhilarating to see these gold coins created by major assayers from the height of the Gold Rush: Humbert; Kellogg; Moffat; Wass Molitor; and the U.S. Assay Office,” said CGMG Managing Partner Dwight Manley.

“There are an unprecedented fifty Kellogg & Co. $20 coins, including two monumentally rare, uncirculated coins! Ten of those 50 were found together in a pile with other coins on the Atlantic Ocean seabed off the coast of the Carolinas. Each of the 105 recovered Territorials is a remarkable part of American history and a tribute to the memory of the fabled ship, the passengers, crew and the era,” stated Manley.

Professional Coin Grading Service (www.PCGS.com) now has certified these retrieved treasure coins.

Among the highlights of the SS Central America Territorial coins are:

  • The second finest known 1854 Kellogg $20, graded PCGS MS62+.
  • The latest SS Central America sunken treasure recovery yielded the second finest known 1854 Kellogg $20 Territorial gold coin, now graded PCGS MS62+.
    Photo credit: Professional Coin Grading Service www.PCGS.com.

  • The second finest known 1855 Kellogg $20, PCGS MS61.
  • Two rare 1855 Wass Molitor Small Head variety $20 gold coins that are among the finest known with one graded PCGS AU58 and the other PCGS AU55.
  • One of the finest known 1855 Wass Molitor Small Head variety $20 gold coins, PCGS AU58, is part of the latest SS Central America recovered sunken treasure.
    Photo credit: Professional Coin Grading Service www.PCGS.com.

  • A rare 1853 U.S. Assay Office $20 “884 THOUS” variety, PCGS AU55+.
  • This rare 884 THOUS variety 1853 U.S. Assay Office $20, graded PCGS AU55+, is one of the Territorial gold coins recovered from the SS Central America.
    Photo credit: Professional Coin Grading Service www.PCGS.com.

“The very rare 884 THOUS variety, representing a gold content fineness of .884 purity, was struck for only eight days in February and March of 1853 before they switched to the more acceptable ‘900 THOUS’ standard,” explained Bob Evans, the chief scientist on the 1980’s missions that first located and recovered a portion of the fabulous SS Central America treasure and then assisted with the 2014 recovery. He is the curator of the treasure.

“We also found five 1853 Moffat & Co. $20s,” Evans revealed. “It was really exciting to locate these because we didn’t recovery any Moffat $20s during any of the earlier expeditions.”

One 1852 Wass Molitor $5 Small Head variety gold coin was counterstamped, “W.W.LIGHT/DENTIST,” by a Sacramento, California dentist.

A Small Head variety 1852 Wass Molitor $5 gold coin, with a counterstamp advertising Sacramento dentist W.W. Light, is among the 105 California Gold Rush Territorial coins recovered during the last expedition to the fabled Ship of Gold, the SS Central America.
Photo credit: Professional Coin Grading Service www.PCGS.com.

“It’s pretty cool!,” exclaimed Evans. “It’s graded PCGS VF30. It apparently had years of use in the goldfields and must have stories to tell!”

Here is a listing from CGMG of the 105 Territorials from the latest “Ship of Gold” recovery.

♦ $20 denomination (total of 77 coins):

  • 1854 Kellogg & Co. (26 coins)
  • 1855 Kellogg & Co. (24)
  • 1853 Moffat & Co. (5)
  • 1853 US Assay Office 884 THOUS (1)
  • 1853 US Assay Office 900 THOUS (19)
  • 1855 Wass Molitor & Co. Small Head (2)

♦ $10 denomination (13 coins):

  • 1849 Moffat & Co. TEN DOL. (1)
  • 1849 Moffat & Co. TEN D. (2)
  • 1852/1 Humbert (1)
  • 1852 Humbert (1)
  • 1852 US Assay Office (3)
  • 1853 US Assay Office 900 THOUS (1)
  • 1852 Wass Molitor & Co. Small Head (1)
  • 1852 Wass Molitor & Co. Large Head (2)
  • 1855 Wass Molitor & Co. (1)

♦ $5 denomination (15 coins):

  • 1849 Moffat & Co. (11)
  • 1850 Moffat & Co. (2)
  • 1852 Wass Molitor & Co. Small Head (2)

A complete inventory of U.S. and world coins and assayers’ ingots recovered in 2014 will be listed in an upcoming book, America’s Greatest Treasure Ship: The SS Central America, The Second Journey, by Q. David Bowers and Manley. It will be published by the California Gold Marketing Group later this year.

The SS Central America was a 280-foot long, three-masted side-wheel steamship carrying tons of California gold that had been shipped from San Francisco to Panama when she sank in a September 1857 hurricane during a voyage from Aspinwall (now Colón), Panama to New York City. The loss of the gold cargo was a major factor in the economically devastating financial panic of 1857 in the United States.

The California Gold Marketing Group LLC of Brea, California acquired the 2014 treasure from Ira Owen Kane, Receiver for Recovery Limited Partnership and Columbus Exploration, LLC in a court-approved transaction in November 2017. In 1999, the group acquired all of the available treasure that was recovered in the 1980s.

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