Republic Precious Metals Exchange
9:00 AM – 5:00 PM (CST) | (800) 257.3253 | info@rpmex.com
A popular coin since 2014, finding groups of 5 or more raw or certified has been tough. We’ve put together a little bigger group.
10 coins available @ $1,085
We do business the old fashioned way, we speak with you.
CALL US TO LOCK TRADES
(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage
Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.
Moy pop of only 20 coins
Out of the entire 50,000 mintage, PCGS has only graded 123 total MS 70 PL coins. That is .002 of a percent that made the PL! That’s quite a small amount. Since there initial release in 2015, we’ve submitted thousands of coins and none have made a 69 or 70 PL designation. It’s a very good chance, these are the only coins available.
We have not offered a 2015 $100 HR MS 70 PL Moy since January 2017. A very elusive coin!!
1 coin available at $12,650
We do business the old fashioned way, we speak with you.
CALL US TO LOCK TRADES
(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage
Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.
By Patrick A. Heller
According to current U.S. government projections, it will need to increase outstanding debt by $12 trillion over the next decade. That is going to be a huge problem.
Such a massive increase in debt, by itself, is an indicator that the value of the U.S. dollar is destined to fall. If investors are looking for a place to allocate part of their portfolio, they would tend to shy away from assets that have the prospect of going down in value.
Already, China and Japan, the largest holders of U.S. Treasury debt, are scaling back on their holdings. Who will replace them, not only in continuing to purchase Treasury debt issued to offset existing obligations as they mature, but also in the huge increase in debt over the next decade?
There really is no outside party that will do so. Consequently, the Federal Reserve is almost certain to again engage in quantitative easing (meaning inflation of the money supply) to absorb the new Treasury debt issues. On Feb. 8, Federal Reserve Bank of San Francisco President Mary Daly told reporters that the Fed was likely to resume quantitative easing as a routine action rather than its current policy that it should only be considered in an emergency.
I have stated all along that the U.S. government would accelerate the depreciation of the U.S. dollar. In recent years, the Federal Open Market Committee had repeatedly stated that it sought to knock down the value at least 2% annually, though not worded so explicitly. How much faster the U.S. dollar will sink over the next several years is now the important question.
This development just adds to the reasons why I consider it prudent to allocate a part of one’s net worth or investment portfolio to ownership of physical bullion-priced gold and silver coins and ingots as “wealth insurance.” In years past, I suggested that the allocation be 5-10% of the total. With this latest development, I am upping the recommended allocation to at least 15%.
Patrick A. Heller was the American Numismatic Association 2018 Glenn Smedley Memorial Service Award, 2017 Exemplary Service Award, 2012 Harry Forman Dealer of the Year Award, and 2008 Presidential Award winner. He was also honored by the Numismatic Literary Guild in 2017 and 2016 for the Best Dealer-Published Magazine/Newspaper and for Best Radio Report. He is the communications officer of Liberty Coin Service in Lansing, Mich., and writes Liberty’s Outlook, a monthly newsletter on rare coins and precious metals subjects. Past newsletter issues can be viewed at http:// www.libertycoinservice.com. Some of his radio commentaries titled “Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know” can be heard at 8:45 a.m. Wednesday and Friday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http:// www.1320wils.com).
Posted on February 26, 2019 by World Coin News Staff
Masterwork: Kimon’s rendering of the nymph Arethousa dominates this Sicilian silver tetradrachm of the Second Democracy c. 406-405 BCE. The quality of this piece caused the CNG cataloger to wax poetic: “The composition’s beautiful three-dimensional perspective is augmented by a fluid style that effectively conveys the natural motion of the nymph’s hair in her liquid environment. [That] environment is further emphasized by the placement of the dolphins, who weave themselves within her hair in a playful manner. The serenity of Arethousa’s countenance, with her full, pouting lips and other-worldly gaze from her almond-shaped eyes, conveys a sense of her place aloof from the realm of man.” In EF the coin romped away to take $270,000. (Images courtesy CNG)In late January, the Classical Numismatic Group announced that their annual Triton sale had realized $10,482,153 on pre-sale total estimates of $7,831,550.
The catalog featured 1,456 lots of Greek, Celtic, Oriental Greek, Central Asian, Roman Provincial, Roman Republican & Imperatorial, and Roman Imperial coinage.
Thrown in for good measure was a selection of Byzantine, Early Medieval, Islamic, World, and British coinage plus a number of choice large lots.
Four outstanding collections dominated the sale:
• The Gasvoda Collection consisted of exceptional Greek and Roman coins with an emphasis on Magna Graecia and Sicily. It realized $3,047,376 on a $1,850,700 estimate.
• Seleukid coinage from the MNL Collection took $282,270 on a $172,250 estimate.
• The Michel Prieur Collection of Syro-Phoenician silver coinage sold for $500,844 on a $216,550 estimate.
• Roman Republican coins from the Alan J. Harlan Collection fetched $435,810 on a $273,950 estimate.
Top-selling lot from the Gasvoda Collection was a Sicilian silver tetradrachm by Kimon (26mm, 17.44 g) from the Second Democracy c. 406-405 BCE. The head of the nymph Arethousa fills much of the obverse, her sea-swept hair radiant about her. Adjectives fail to adequately describe this superb artwork. It is a true masterwork in the original sense of that word.
On the reverse, a charioteer drives his quadriga at breakneck speed with Nike hovering above waiting to crown him with a laurel wreath.
Graded EF with underlying luster, this coin shot past its $150,000 estimate to hammer at $225,000 for a total of $270,000.
A second tetradrachm came from the MNL collection and was sourced from the Seleukid Empire of Demetrios I Soter c. 155/4-150 BCE (31mm, 16.68 g). The obverse shows the king’s effigy within a laurel wreath in high relief. The reverse has Tyche seated (SC-1611.3).
Tetradrachm of the Seleukid Empire struck for Demetrios I Soter c. 155/4-150 BCE, which realized $14,400 in EF. (Images courtesy CNG)
In EF, it realized $14,400 on an estimate of $3,000.
Tetradrachm struck at Hierapolis for the Caracalla c. 215-217 CE whose reverse is devoted to cult figures of Haddad. An extremely rare coin, it fetched $16,800 in gVF, or over 5 times estimate. (Images courtesy CNG)
Top lot from the Michel Prieur Collection was a third tetradrachm (25mm, 10.58 g) struck at Hierapolis for Caracalla c. 215-217 CE (Prieur 925). The emperor is shown laureate, draped, and cuirassed. On the reverse are cult figures of Haddad seated on bulls and Atargatis seated on lions. Between is a semeion surmounted by a golden pigeon. All are supported by an eagle.
This is an extremely rare coin. Prieur cites just four examples. In gVF and toned, it made a most comfortable $16,800 on a highly conservative $5,000 estimate.
Silver denarius of Roman moneyer T. Carisius struck in 46 CE with a design that echoes a 350-300 BCE coin produced in the city of Gergis, near the site of Troy. In superb EF, it realized $5,700. (Images courtesy CNG)
From A.J. Harlan’s Imperial Roman coins came an exceptional example of a silver denarius (17 mm, 4.05 g) struck by moneyer T. Carisius for Imperatorial Rome c. 46 BCE. On the obverse, the head of Sibyl Herophile is displayed with her hair decorated with jewels and enclosed in bands. On the reverse is a Sphinx.
As the cataloger notes, this coin’s design shows that Roman moneyers were familiar with the legends and coin types of obscure Greek cities. In this instance, the city is Gergis, sited near ancient Troy. It was said to be the birthplace of the Sibyl Herophile, a priestess with prophetic powers. Coins of the city struck c. 350-300 BCE show the head of the Sibyl and a seated sphinx, a symbol of prophecy. These themes are repeated here.
Given its superb EF condition, the coin realized $5,700, or well over three times estimate.
Full catalog details and prices realized can be found at the CNG website: www.cngcoins.com. On the list, the number of each lot is hot-linked to the catalog description.
Prices and totals cited here included a buyer’s premium of 20%. However, those bidding online and who used The Saleroom.com would have paid 22.5%.
CNG is currently accepting consignments for its next mail bid auction, CNG 111, scheduled for May 8.
This little jewel is obviously one of the finest survivors for this issue. It features satiny, golden surfaces that exhibit no noticeable abrasions or other imperfections. Additionally, it’s fully struck and boasts a great overall appearance. It is particularly well suited for a collector who is looking for a fabulous Liberty quarter eagle to include in a top-notch gold type set, or someone who simply buys great coins. The NGC population is 8 with none higher. Listed at $27,500 in the NGC price guide.
We do business the old fashioned way, we speak with you.
CALL US TO LOCK TRADES
(800) 257.3253
8:30 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage
Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.
Offered at $19,250
