The 1893-CC dollar is an issue that is hard for collectors to resist since it has so much going for it. It is the final year of issue for the Carson City mint, it has a relatively low mintage of 677,000 pieces, and better-grade Uncirculated pieces are a semi-key issue in the Morgan series. Two problems are widely known by collectors for this issue, weakness of strike and pervasive bag-marks. This particular coin is fully struck in the centers, unlike many Mint State survivors. Listed at $15,700 in the CDN CPG and $15,000 in both the PCGS price guide and Trends.
Offered at $14,300 delivered
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Prime Minister Dr Mahathir Mohamad speaks at the 25th International Conference on The Future of Asia in Tokyo today.
TOKYO: Prime Minister Dr Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative.
He said the precious metal could be used to evaluate import and export activities among the East Asian countries.
“We can make settlements using that (new) currency (using gold). That currency must relate to the local currency as to the exchange rate, and that is something that can be related to the performance of that country.
“That way we know how much we owe and how much we have to pay in the special currency of East Asia,” he said during a dialogue session at the 25th International Conference on The Future of Asia (Nikkei Conference) here today.
Mahathir arrived in Tokyo last night for a three-day working visit.
He said the new currency could also be extended to countries outside the East Asian region.
Currently, he said, the global market is tied to the US dollar, which gives room for the currency to be manipulated.
“Just because that one country is affected, there is infection to the other countries. Malaysia was very stable way back in 1997… but because of the problems that occurred in Thailand (during the Asian financial crisis), they said we must peg the Malaysian currency also.
“What happened? The currency traders sold the Malaysian currency down and the value of Malaysian currency depreciated.
“It is not even the money that they have. They never had any Malaysian currency but nevertheless they were able to sell huge quantities of Malaysian currency and when it is depressed, of course they can buy and sell it at a higher price when it comes up,” he added.
“Currency trading is not something that is healthy because it is not about the (economic) performance of countries but about manipulation.
“Anything that you have in oversupply, we will lose value. Anything that is short of supply will increase in value so they sell huge quantities of money they don’t have, and because the amount is so big, there is depression of the value.”
Mahathir said if countries are downgraded or upgraded, it should be by an uncommitted international forum, not a country.
Here, he hit out at the US for “labelling” other countries.
“The US is fond of labelling that country as no good, this country as no good, and telling countries about ways to conduct their businesses.
The 1860-S Type One Liberty double eagle claims a mintage of 544,950 pieces, a substantial production total in absolute terms, but slightly smaller than average for a San Francisco issue from this period. The coins were released into the channels of commerce, where they circulated heavily for many years, suffering the usual wear and attrition along the way. Few high-quality examples were saved by contemporary numismatists and the issue is rare in Mint State grades today. The current PCGS population is 16 with 12 higher. This particular example is a bit lighter and brighter than seen on our images. Listed at $16,300 in the CDN CPG and $12,000 in the PCGS price guide.
Offered at $10,750 delivered
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Struck shortly after the close of the Civil War, the 1866 three dollar gold piece was not saved in any meaningful quantity by collectors, and thus its low 4,000-coin mintage had more of an effect on high-grade availability than can be said of the mintages of later issues in the series. Mint State survivors are scarce across the board, but are notably rare above the MS62 level. The example offered here is highly lustrous and flashy, with a lovely overall appearance. The PCGS population is only 7 with 5 higher and if you were even able to locate an MS65 example, it would likely be more than double the price of this coin. Listed at $16,300 in the CDN CPG, $13,000 in the PCGS price guide and $17,500 in Trends.
Offered at $12,850 delivered
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The Panama-Pacific Exposition was authorized to sell up to 1,500 examples each of both the Round and Octagonal versions of the Pan-Pac fifties, and the Mint struck 1510 examples of the Round version, including 10 examples for the Assay Commission. Unfortunately, the high cost of the coins ($100 per coin) discouraged all but the most dedicated collectors, and only 483 specimens of the Round design were sold. The remaining 1,017 coins were melted after the close of the exposition. These rare gold commemoratives are avidly sought-after in today’s market. NGC population of only 19 with 5 higher. If you’ve never held one of these massive and extremely impressive coins in your hand, you owe it to yourself to do so. Listed at $260,200 in the CDN CPG and $260,000 in the NGC price guide.
Offered at $209,000 delivered
We do business the old fashioned way, we speak with you.
