The availability of the 1908 No Motto double eagle in high grade skyrocketed with the discovery of the Wells Fargo Hoard, a cache of 19,000 coins discovered in the 1990s that had been untouched in a Nevada bank vault since 1917. Most examples of the date that grade MS68 today are from the hoard, probably even the present coin, despite the lack of such a pedigree on the holder. Listed at $19,400 in the CDN CPG and $27,000 in the NGC price guide.
Offered at $16,500
We do business the old fashioned way, we speak with you.
We are offering up to 20 PCGS Certified MS64 $20 Liberties at just $1,595 per coin. Dates are our choice and this is a $15 discount off the current spreadsheet pricing. Buy 10 or more coins at just $1,590 per coin. Minimum order is 5 coins.
We do business the old-fashioned way, we speak with you…
For the first time in the American Silver Eagle series, a significant variety was released in 2008. This was known as the 2008-W Silver Eagle Reverse of 2007 Variety. The US Mint had slightly altered the reverse design between 2007 and 2008, and they inadvertently struck some 2008 coins with the 2007 reverse type.
The Reverse of 2007 Variety is the scarcer version of the coin and carries a big premium. Shortly after the discovery of the coin, the US Mint estimated that approximately 47,000 of the variety may have been released. This estimate was based on the fact that West Point Mint employees found 15 dies with the reverse type of 2007.
The mintage estimate was later revised to 46,318 within a response to a Freedom of Information Act request.
NGC pop of 132 coins Numismedia Price Guide of $3,500
(20) coins available at $1,900 each delivered
We do business the old-fashioned way, we speak with you…
AFP AFP•February 10, 2019
Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai
Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai (AFP Photo/KARIM SAHIB)
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Dubai (AFP) – The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations.
“The bottom-line — we see an economy that is growing more slowly than we had anticipated,” IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.
Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.
Lagarde cited what she called “four clouds” as the main factors undermining the global economy and warned that a “storm” might strike.
The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, she said.
Lagarde said trade tensions — mainly in the shape of a tariff spat between the United States and China, the world’s two biggest economies — are already having a global impact.
“We have no idea how it is going to pan out and what we know is that it is already beginning to have an effect on trade, on confidence and on markets,” she said, warning governments to avoid protectionism.
Lagarde also pointed to the risks posed by rising borrowing costs within a context of “heavy debt” racked up by governments, firms and households.
“When there are too many clouds, it takes one lightning (bolt) to start the storm,” she said.
Gold futures edged higher early Friday but remained on track for a small weekly loss in the face of a stronger U.S. dollar, though bulls remained encouraged by the haven yellow metal’s resilience.
Gold for April delivery GCJ9, +0.34% on Comex was up $2.20, or 0.2%, at $1,316.40 an ounce, leaving it down 0.4% for the week. Gold remains up 2.7% since the end of last year. March SIH9, +0.84% was up 6.7 cents, or 0.4%, to $15.78 an ounce.
Gold bulls said growing concerns about global growth should provide underlying support. The European Central Bank last month took a more dovish-than-expected stance amid continued weakness in European data, while the Federal Reserve last week surprised investors with a dovish pivot, putting future rate moves on hold until further notice. The Reserve Bank of Australia has also struck a dovish tone and the Bank of England on Thursday offered a downbeat outlook for growth amid Brexit uncertainty.
“The fact that we are seeing major central banks turn dovish at the same time is probably alarming for some investors, which may explain why stocks have failed to sustain their rally. But this is good news for bonds and therefore noninterest-bearing and low-yielding assets such as gold and silver,” said Fawad Razaqzada, market analyst at Forex.com, in a note.
“What’s more, with the dollar index having just completed a six-day rally, you would think that these dollar-denominated metals would simultaneously be down for the same number of days. However, over the last six trading days, gold has only been down on three occasions, while silver has been down on 5 occasions, although higher today,” he said.
The ICE U.S. Dollar Index DXY, -0.12% a measure of the U.S. currency against a basket of six major rivals, was up 0.1% on Friday, leaving it on track for a 1.1% weekly rise. A stronger dollar can be a negative for commodities priced in the unit because it makes it more expensive to users of other currencies.
U.S. stock-index futures pointed to a lower start for Wall Street, putting equities on track for a three-day losing streak.
In other metals trade, April platinum PLJ9, +0.59% was up $2, or 0.3%, at $799.30 an ounce, while March palladium PAH9, +0.59% rose $17.90, or 1.3%, to $1,376 an ounce.
March copper HGH9, +0.02% was off 0.6 cent, or 0.2%, at $2.8225 a pound.
