Despite the reported mintage of more than 2 million pieces, the 1906-S Liberty double eagle is a prime condition rarity once it gets to the MS65 grade level. And if you want an MS65 instead of one of these, be prepared to pay in excess of $20,000 for it. Listed at $4,000 in the CDN CPG, $4,150 in the PCGS price guide, $5,000 in the NGC price guide and $4,350 in Trends.
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Offered at $3,950 each
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Offered here are popular San Francisco examples of a date which is virtually unobtainable for the Philadelphia mint issue. Like many of the Type Three twenties, the 1882-S is relatively available up through lower Mint State grades, but scarce in Select Uncirculated and rare any finer. Listed at $2,880 in the CDN CPG, $2.850 in the PCGS price guide, $3,750 in the NGC price guide and $3,250 in Trends.
We have eight coins available…
Offered at $2,400 each
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For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased the gold standard and the tie between the U.S. dollar and gold, which rapidly led to the devaluation of the U.S. dollar.
Not every central bank has followed this trend. Venezuela, which is in the midst of an economic collapse, sold 25 tons of gold in 2018 in an attempt to repay its debts. But Venezuela is an exception. Other central banks are eager to increase their gold reserves as a hedge against economic uncertainty. Gold ownership by central banks is at a 50-year high as global purchases have increased 75 percent over the past year.
1. United States
The Federal Reserve holds the largest amount of gold of any other central bank, 8,133.5 tons. This is 75.2 percent of its foreign reserves. The Federal Reserve has not been as active in the gold-buying spree as other countries in an effort to keep the dollar from devaluing.
2. Germany
Germany’s central bank has been busy repatriating 674 tons of gold from the Banque de France and the Federal Reserve Bank. During the Cold War, the country’s closeness to what was then Russia-controlled East Germany drove Germany to store its gold with other countries. Now, the Deutsche Bundesbank is calling its gold back home. This move is expected to be completed by 2020. Germany currently holds 3,370.0 tons of gold, which account of over 70 percent of its foreign reserves. Germany, which experienced hyperinflation in the 1930s which saw the Deutschmark become valueless, has learned its history lesson.
3. Italy
Italy plans on holding on to its 2,451.8 tons of gold. The Bank of Italy has stated that it considers gold a safe investment in times of economic turmoil and a safeguard against the volatility of the U.S. dollar. Gold represents 67.9 percent of Italy’s foreign reserves.
4. France
France has gradually ceased selling its gold reserves in an effort to hold on to the 2,436.0 tons of gold it currently has. This amounts to over 60 percent of the country’s foreign reserves. Marine Le Pen, leader of the National Front Party, has advocated for a freeze on the sale of gold, as well as repatriation of all of France’s gold currently being held by foreign countries.
5. Russia
The Russian Central Bank has been bullish on gold for six years. In 2017, it overtook China to become the fifth largest holder of gold reserves. Much of this is due to trade tensions between the U.S. and Russia. Two years ago, Russia purchased 224 tons of gold and sold off much of its U.S. Treasury debts. This move is seen as a defensive effort to weaken the U.S. dollar as the top global reserve currency. Currently, Russia holds 2,119.2 tons of gold in reserves. The Russian Central Bank is leading the way in gold purchases in its efforts to devalue the dollar.
Since the U.S. placed economic sanctions against Russian, its central bank has been accumulating gold as a safety net against having its assets frozen. In 2018, it purchased 8.8 million ounces of gold.
6. China
China, which currently holds 1,864.3 tons of gold in reserve, a low amount among the leading gold-holding countries, but there have been many reports that the country has left some of the gold purchases off its books. However. China is expanding its reserves slowly. It is also the leading producer of gold in the world.
Global central banks now hold the greatest share of the world’s gold, approximately 33,800 tons. Gold has been a critical diversification tool, a safety hedge against inflation, or as collateral for loans.
Central banks in Austria and Switzerland have also indicated that they consider gold an essential reserve against future emergencies. The Polish central bank expressed the fact that their gold reserves allow diversification and greater independence and less reliance on the financial stability of other countries.
Sweden, Greece, and Portugal have expressed the same sentiments. Gold is a haven of safety during economic turndowns.
Goldmoney Research@GMoneyResearch
Countries have held #gold as a reserve asset throughout history…
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The world’s central banks are counting on the power of gold to help them through bad economic times. Is this something investors should be thinking about, as well? The current economic growth experienced around the globe is expected to come to an end, as all economic upswings do. Some economists are predicting a recession by 2020. In the event of such an occurrence, investors should be position by having a proven hedge during bearing times.
Although authorized as a U.S. branch mint in the 1860s, the Denver Mint operated as an assay office for its first four decades until coins were finally minted there in 1906. Liberty double eagles were only produced at the Colorado facility in 1906 and 1907, with a total production for both years of less than 1.5 million pieces. Accordingly, Gems are quite scarce and eagerly sought. Listed at $6,000 in the CDN CPG, $6,200 in the PCGS price guide, $8,500 in the NGC price guide and $6,350 in Trends.
Offered at $5,500 each delivered
We have three coins available…
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The 1929 half eagle issue is a curious one, struck during the year that the Great Depression began its decade-long stranglehold on the American economy, an unusual denomination to produce at a time when the theme song (written a couple of years later) was “Buddy, can you spare a dime?” Although the Mint struck 662,000 half eagles in 1929, few were ever distributed to the public. Most of the mintage was still in government vaults when the 1933 gold recall order mandated its melting. Since the issue never circulated to a meaningful extent, most pieces known today are in various Mint State grades. Examples such as this are in demand among budget-restricted collectors, and the supply is extremely limited. This is one of just 13 so-graded by PCGS.
Offered at $27,500
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