This coin looks much better in person than seen in our images – it’s considerably flashier, more lustrous and appealing in-hand! Double eagle production at the New Orleans Mint rebounded out of the small four-figure range in 1857, reaching 30,000 pieces. However, this issue circulated extensively and its modern-day availability is limited. Circulated pieces are occasionally seen, but the finer AU-level coins are in high demand since only a few Mint State pieces exist. Listed at $24,200, $24,200 and $26,500 in the CDN CPG, the NGC price guide and Trends, respectively.
Offered at $18,000 delivered
We do business the old fashioned way, we speak with you.
First year of issue for the popular St. Gaudens $10 Indian design. A super lustrous, well struck example, sure to elicit strong collector or dealer interest. This 1907 type with No Periods is fairly common in low grade, but robust demand exists for high end specimens such as this one.
From an original mintage of 239,406, there are only 62 graded finer by PCGS and NGC combined.
Ideal for a type set of Gem Quality U.S. gold, and it is offered here at:
No half eagles were struck between 1916 and 1929, but the Philadelphia Mint produced a total of 662,000 coins in the later year. Unfortunately, the effects of the Great Depression were beginning to be felt and there was little need for the coins in the shrinking economy. Most of the mintage was held in government storage and later destroyed after 1933. No half eagles were struck in later years and the 1929 is a key date in the series today. Although our reverse image makes that side of the coin appear to be dark, you’re seeing the effect of the angle and lighting – the true color is actually quite similar to that of the obverse. Listed at $46,500 in the NGC price guide.
Offered at $34,490 delivered
We do business the old fashioned way, we speak with you.
Courtesy of Yahoo Finance by Julia La Roche Reporter
Prominent bond investor Jeffrey Gundlach, the CEO of $130 billion DoubleLine Capital, sees the increasing likelihood of a recession within the next six to twelve months.
A couple of years ago, Gundlach began highlighting key recession indicators on his webcasts, to see if there was potentially one on the horizon.
“For the first year and a half or so, it was always, ‘No. No indication of any coming recession.’ But, now, there are several indicators that suggest a recession could occur within the next year,” Gundlach said on a webcast on Thursday.
While not yet a certainty, the billionaire bond investor noted that the probabilities of the economy moving into the red had moved up. He calculated those chances at around 40 to 45% within the next six months — and 65% in the next year.
Most economists believe the U.S. economy is slowing, but few expect a recession, technically defined as two consecutive quarters of negative growth.
The U.S. Conference Board’s Leading Economic Indicator, a key gauge followed by market watchers, is not forecasting one at present.
Still, Wall Street has been rooting for the Federal Reserve to cut interest rates by sending bond yields plunging, in part to ward off a deep downturn.
The red shaded vertical areas are recession periods historically and the dark blue line is year over year conference board leading economic indicator.
In Gundlach’s graphics, the red shaded vertical areas represent recession periods, while the dark blue line is the year-over-year conference board leading economic indicator.
Thus far, the conditions for negative growth have not been met, he said.
“You’ve never got a recession without the leading indicator touching 0 and going through it. That hasn’t happened yet,” Gundlach said.
“In fact, we are not even that close to 0 yet,” he said, adding that “2.7 is the year-over-year reading except our analysis suggests that it’s possible that the year-over-year leading indicator does go negative before year end.”
He emphasized that DoubleLine is not forecasting that move exactly, but recognizes that it’s a “possibility. So, we’re going to be watching this month by month.”
Race to the bottom in US, Europe
Gundlach proceeded to show the economic data change in the U.S., Europe, and globally, all of which he notes have been “declining pretty steadily.”
Economic data has been coming out weaker.
DoubleLine’s indicator compares data as it comes out day-by-day for each dataset to its 12-month moving average. It gives a gauge of the momentum of the economy.
According to the picture painted by DoubleLine’s data, the global economy has been performing “below trend consistently for over a year, and so that is clearly not showing signs of robust health,” Gundlach said.
