Author: Sirhc

1834 Classic Quarter Eagle NGC MS65

Sirhc

A Real Classic

The 1834 remains the most plentiful Classic Head quarter eagle issue in high grade, despite its mintage of little more than 112,000 pieces being significantly lower than the production totals of the following two years. In the years leading up to 1834, gold coinage did not actively circulate in the United States, as the coins contained more bullion value than their face value, prompting individuals to melt the coins down at a profit. In 1834, William Kneass’s design marked a reduction in weight from 4.37 gm to 4.18 gm. The weight reduction returned the gold value of the quarter eagle to its face value, allowing this denomination to once again circulate domestically. This one is sharply detailed and highly lustrous with flashy, semi-prooflike surfaces. The NGC population is just 15 (two of which are star coins) with two higher.

Offered at $37,975 delivered

We do business the old fashioned way, we speak with you.

(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.

Were buying unspotted generic slab gold PCGS/NGC

Sirhc 
$20 Liberty    PCGS/NGC MS61 @ $1,985 - buy 1-100 coins

$20 Liberty    PCGS/NGC MS62 @ $2,095 - buy 1-100 coins

$20 Liberty    PCGS/NGC MS63 @ $2,190 - buy 1-100 coins

$20 Liberty    PCGS/NGC MS64 @ $2,463 - buy 1-100 coins

$20 Liberty    PCGS/NGC MS65 @ $2,785 - buy 1-20 coins

$20 Saints     PCGS/NGC MS62 @ $2,000 - buy 1-100 coins

$20 Saints     PCGS/NGC MS63 @ $2,055 - buy 1-100 coins

$20 Saints     PCGS/NGC MS64 @ $2,143 - buy 1-100 coins

$20 Saints     PCGS/NGC MS65 @ $2,390 - buy 1-100 coins

$20 Saints     PCGS/NGC MS66 @ $2,805 - buy 1-50 coins

Based on gold bid spot $1,955

Prices will adjust with gold.

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

Silver down over 3% on the day as buyers show further signs of exhaustion for now

Sirhc

Silver falls to $23.50 and back under its 100-hour moving average

Silver 30-07

The moves in silver and gold remain a major theme in the market this week and we are seeing further signs of a pullback with silver down by over 3% on the session now.
More notably, price action is starting to break its 100-hour MA (red line) after having twice moved below that but only to hold at that level in the end this week.
If anything, this points to further signs of exhaustion on the part of buyers – for now.
Gold is also down by nearly 1% to $1,951.75 currently as the dollar is keeping firmer.
In the case of silver, there is some support from the overnight low @ $23.34 next but the 28 July low @ $22.31 will be one to watch moving forward if sellers are to try and push for a sharper pullback after the parabolic rise over the past two weeks.

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Precious Metal ETFs Shines in July

Sirhc

Amid rising U.S.-China tensions and worsening COVID-19 crisis, precious metals have become attractive and more appealing to investors. Gold has skyrocketed to an all-time high nearing $2,000 per ounce while silver has jumped to the highest level of nearly $25 in seven years.

The weakness in the U.S. dollar against major global currencies also raised the metal’s attractiveness, as it does not pay interest like fixed-income assets. The Bloomberg Dollar Spot Index is poised for its worst July in decades, having lost 3.9% so far this month. The index is trading at the lowest since 2018. Additionally, massive liquidity injections by central banks across the globe and hopes of further stimulus supported the price of metals.

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Silver to surge above $35 after taking a breather – Credit Suisse

Sirhc

Silver has established its looked for base and has already moved to the first resistance at $26.09/22. Whilst strategists at Credit Suisse look for a pause here, they see scope for further gains ahead, ideally to $35.23/365. 

Key quotes

“Silver has seen an even more dramatic move higher than Gold over the past few weeks, confirming the flagged multi-year base above $19.65, and strength has already extended to our flagged resistance at $26.09/22 – the 38.2% retracement of the entire 2011/2020 bear market and key lows from 2011 and 2012.”

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