Rare Mint State The year 1855 saw heavy double eagle production on both coasts, with 364,666 pieces struck at Philadelphia and nearly 880,000 coins minted at San Francisco. Do not be misled by those figures! The Philadelphia coins are much scarcer than their S-mint counterparts across all grade levels, and Mint State representatives are quite…
A 59 20 in 55 The 1859 Liberty double eagle claims one of the lowest business-strike mintages of any Type One double eagle from the Philadelphia Mint, at a meager 43,597 pieces. The small business-strike production was largely ignored by contemporary numismatists and few high-quality pieces were preserved for posterity. The 1859 is an elusive…
Courtesy of ZeroHedge by Tyler Durden Yesterday we reported that Goldman now expects the Fed to restart Permanent Open Market Operations, i.e., bond purchases, i.e., QE some time in November. For those who missed it, Goldman assumes a roughly $15bn/month rate of permanent OMOs, “enough to support trend growth of the balance sheet plus some additional padding…
Tougher date; Minor Premium From a robust mintage of 1.2 million pieces, the 1879-S Liberty double eagle was heavily circulated at the time of issue and many examples were used to settle large accounts in foreign trade. Many coins have been repatriated from overseas holdings in recent years, but most examples seen have excessive bag-marks…
Courtesy of ZeroHedge by Tyler Durden One of the reasons for the sharply hawkish response to yesterday’s FOMC meeting – one which saw both the dollar and yields spike – is that as we pointed out yesterday morning, in the hours ahead of Powell’s press conference, Wall Street consensus quickly shifted with many expecting the Fed…
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