Author: Sirhc

1866-S Motto Liberty Double Eagle PCGS MS61

Sirhc

“Motto” for Today is…

This is the first San Francisco Type Two double eagle issue. Although struck in large quantity (842,250 pieces), the mintage circulated heavily in the West and precious few Uncirculated pieces have surfaced in the past 150+ years. Among the small number of Mint State survivors, none have graded MS63 or better at either PCGS or NGC. The PCGS population currently stands at 19 with 8 higher.

Offered at $12,600 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

Modern Monetary Theory and the crisis of capitalism: Part one

Sirhc

The Deficit Myth by Stephanie Kelton

This is the first part of a two-part article.

Throughout the history of capitalism and its recurrent crises, various theories have been brought forward by “left” theorists who maintain that these crises and the social ills they generate can be ameliorated, if not entirely eliminated, by changing the monetary system without touching the foundations of capitalist production itself.

While presenting themselves as “leftist” and “progressive,” advocating reform of the capitalist system, history shows that in periods of great crisis they seek to divert the working class from the program of socialist revolution while at the same time providing the ideological foundations for political forces that advance a counterrevolutionary solution to the crisis.

Modern Monetary Theory (MMT), the essential principles of which are outlined in this book by one of its foremost advocates, is the latest expression of this phenomenon.

The struggle against such tendencies goes back to the very origins of Marxist political economy.

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1929 Indian Half Eagle PCGS MS64

Sirhc

Last Year-Of-Issue Rarity

The Indian Head half eagle series was short-lived. Yet, it comprised a number of highly elusive dates, none more so than the 1929. Although the 1909-O is perhaps more recognizable to the uninitiated thanks to its low mintage of 34,200 coins, the 1929 is rarer in the absolute sense with a survival rate approximately 50% lower than its New Orleans counterpart. The Mint struck 662,000 five-dollar gold pieces that year, but nearly the entire mintage was held in reserve and eventually melted after the Gold Recall of 1933. Coins that avoided the melting pot are apt to be found in AU to Uncirculated condition, generally MS61 to MS63.

Offered at $35,750 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1839-C Classic Quarter Eagle NGC AU55

Sirhc

Sharp AU Charlotte $2.50

 While the 1839-C is one of the more frequently encountered Charlotte quarter eagles, it is disproportionately popular because it is a part of the Classic series. Only 18,140 pieces were produced, and of that number it is estimated perhaps 300 to 400 examples are known today in all grades.

Offered at $8,400 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.

1857-S Liberty Double Eagle NGC MS66

Sirhc

(Not SOS, but) SS Central America

Despite a mintage of 970,500 pieces, this was a rare issue in high grade before the advent of modern shipwreck finds. Like most Type One double eagles, the 1857-S was not difficult to locate in circulated grades, but Mint State specimens were extremely rare before thousands of high quality coins were salvaged from the wreck of the S.S. Central America. That famous shipwreck find made high grade Type One double eagles available to collectors for the first time. As Jeff Garrett and Ron Guth note, it “changed the landscape of collecting double eagles profoundly.” Seemingly always popular and in demand.

Offered at $21,750 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
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Private, Portable, Divisible Wealth Storage

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Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1880-CC Morgan Dollar NGC MS67

Sirhc

Frosty and Superb “GSA Hoard”

Offered at $15,450 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
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Private, Portable, Divisible Wealth Storage

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Major Credit Cards Accepted, add 3.5%
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1851 Humbert $50 PCGS MS63

Sirhc

Spectacular Choice Unc.

Lettered edge, 880 Thous. The octagonal ingots or “slugs” first produced in 1851 by the firm of Moffat & Co., operating as the United State Assay Office of Gold in San Francisco, rank among the most iconic coins ever issued in this country. Octagonal fifties were struck in 1851 and 1852 only. Several varieties exist, including those in 880 and 887 pure gold, with lettered and reeded edges, and with and without 50 at the central reverse, among other differences. The vast majority of survivors of these and similar Humbert fifties are found in grades ranging from VF to high AU. Mint State examples are significantly rarer. The PCGS population is only 2 with 2 higher, the latter both being MS63+ representatives. This particular example is highly lustrous and features a flashy, semi-prooflike obverse.

Offered at $302,500 delivered

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(800) 257.3253
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Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1855 Wass-Molitor $10 NGC AU58

Sirhc

Very Rare Borderline Unc.

The San Francisco Mint opened in 1854, but it was a cramped facility that also lacked sufficient parting acids to strike satisfactory quantities of .900 fine gold coins. West Coast commerce required a steady supply of freshly coined bullion, and since the official mint was not yet up to speed, two private minters stepped in to fill the gap. Kellogg & Co. produced twenty-dollar pieces only, while Wass Molitor & Co. produced ten, twenty, and fifty-dollar coins.
These necessity issues imitated Federal designs of their respective denominations, with the exception of the fifty dollar piece, which was more reminiscent of the Federal gold dollar. The ten-dollar piece featured a small, relatively close date with the final digit repaired on the obverse die with a circular plug. The minting activities of both Kellogg & Co. and Wass Molitor ceased once the San Francisco Mint was able to resume gold production. The NGC population is just 3 with three higher, none better than MS61.

Offered at $32,990 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
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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.

1901-S Barber Quarter NGC VF35

Sirhc

Highly Sought-After Circ. Key

The 1901-S Barber quarter boasts one of the lowest mintages in the series (72,664 pieces) and it is the scarcest date overall. The majority of the survivorship grades no finer than Very Good, and collectible midgrade pieces are inherently rare. Housed in a very popular old NGC “Fatty” holder.

Offered at $21,990 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
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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.

1920-S Saint Gaudens Double Eagle NGC MS65

Sirhc

Tied for Highest Graded

The 1920-S Saint-Gaudens double eagle is among the greatest rarities in the series, particularly in high grade.  In the absolute sense, it’s a trifle more plentiful than the 1927-D, the 1930-1932 melt rarities, and by an even smaller margin, the 1921. However, in Gem condition, the 1920-S excels — at this level, only the 1921 and 1927-D are considered rarer or more significant acquisitions. This, of course, excludes the uncollectible 1933 and the 1907 Ultra High Relief pattern. No meaningful quantities have ever turned up in European hoards, and it is likely that none were ever officially used in the foreign trade. The example offered here is lighter and brighter in hand.The NGC population is a mere 2 with none higher.

Offered at $275,000 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 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.