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An unremarkable production of more than 1.8 million half eagles was accomplished at the San Francisco Mint in 1903. The 1903-S five is widely collectible through MS63 and even MS64. Examples in Gem and Premium Gem grades are scarce, while Superb Gems of this quality are condition rarities.
The PCGS population is only 5 with none graded higher.
Listed at $16,200 in the CDN CPG and $20,000 in the PCGS price guide.
Offered at $15,500
Our special for today is a gold sovereign lot, produced in South Africa – nicer than usually encountered, these are close to gem quality and all have been graded by NGC as MS 64.
5 coins are a minimum here, and a total of 14 coins are available – they are offered at the special price based at the current Gold (Au) Spot Basis of $1,964.
(Prices subject to change with gold markets, as usual)
Give us a call today to reserve your lots, gold sovereigns have always been a favorite among gold enthusiasts, and the South African issues provide a certain exotic call of the wild – follow your instincts and graze on a group of these attractive sovereigns today.
Year: 1928
Grade: MS64
Grade Service: NGC
Denomination: 1 Sovereign
Metal Content: 0.2354 troy oz
Purity: .9167
Thickness: 1.52 mm
Diameter: 22.05 mm
We are offering up to 200 XF $20 Liberties at a $30 discount off their published price HERE. All coins are solid XF’s with a really nice date mix.
10 coin lot minimum, a total of 200 coins are available, and they are on offer at the special price of $30 off each at the published price of $20 Gold Liberty Head XF Double Eagles here. Currently $2,064.45 based on a Gold spot basis of $1,979.20. (Prices subject to change with gold markets, as usual)
Unlike the quarters and halves, a large number of dimes were struck in 1884. In fact, more than 3.3 million pieces were produced. Despite the large mintage, surprisingly few coins were set aside in the ultimate grades. This particular example offers highly attractive ocean-blue peripheries with golden-brown and red fields. While typical mint state survivors certainly aren’t rare, at the MS68 level this date is a formidable conditional rarity,
The PCGS population is only 3 with none graded higher.
Listed at $17,500 in the PCGS price guide
Offered at $11,800
Editorial: The Financial Stability Oversight Council was Established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Financial Stability Oversight Council provides comprehensive monitoring of the stability of our nation’s financial system.
This council is charged by statute with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging threats to the stability of the U.S. financial system.
This council may be monitoring and identifying but they aren’t doing anything to reduce excessive government spending which has resulted in a $2.5T annual U.S. budget deficit, a 40 year high inflation rate, and a U.S. National Debt approaching $34T? This is just more of the same nonsensical approach of creating more layers of bureaucracy expense and resolving nothing.
November 3, 2023
As Prepared for Delivery
Our first agenda item is to discuss and vote on the Financial Stability Oversight Council’s analytic framework for financial stability risk identification, assessment, and response, and on the Council’s interpretive guidance on nonbank financial company designations. Before we turn to the presentation, I’d like to explain why I believe it is so important for the Council to achieve greater public transparency and analytic rigor and how these two documents will help the Council do so.
Financial stability is a public good. The U.S. financial system enables people to make payments, build businesses, save, and manage risks. To fill our needs, it has evolved to be complex, diverse, and interconnected. We rely on it every day, and it has succeeded in supporting American families and businesses, enabling wealth creation and economic growth over generations. But, when it falters, we can experience financial crises that can devastate households and businesses for years afterwards.
This is where the Council, or FSOC, comes in. Congress created FSOC after the global financial crisis to identify and respond to risks to financial stability. To maintain the strength of the financial sector, we need a nimble but robust structure to monitor and address the build-up of risks that could threaten the system. In the lead-up to the global financial crisis, inadequate oversight led to reckless risk-taking. When large, interconnected financial companies failed in 2007 and 2008, stress spread through the financial system and then to the real economy. The reforms implemented after that crisis substantially strengthened the financial system. And the banking system as a whole remains strong. But recent stresses in some financial sectors arising from the onset of the pandemic and the sudden failures of some regional banks underscore the continuing need to remain vigilant to threats to ensure the resilience of the financial system and our economic strength.
This is the purpose of the Council, and our two votes today go to the heart of FSOC fulfilling its critical mission.
Our first vote will be on approving the Council’s analytic framework for financial stability risks. This framework will help the public better understand how the Council goes about its work and how it draws on its various statutory tools to respond to risks. For the first time, it provides a clear explanation of how the Council monitors, evaluates, and responds to potential risks to financial stability, regardless of whether they come from activities, individual firms, or other sources. Under the framework, the Council’s response to a particular risk to financial stability will depend on the nature of the risk. Often, risks emanate from widely conducted activities and can be effectively addressed through action by an existing regulator or interagency coordination. Other times, risks are instead concentrated in one or more specific nonbank financial companies.
This brings me to the Council’s guidance on nonbank financial company designations. Among the tools Congress gave the Council is the authority to designate a nonbank financial company for Federal Reserve supervision and prudential standards if the company’s distress or activities could pose a threat to financial stability. The guidance we are voting on today will help ensure that the Council is able to use this authority as needed. It describes in detail the procedural steps for the Council’s review of nonbank financial companies for potential designation. These involve rigorous analysis and transparency. The guidance maintains strong procedural protections for companies under review, including significant Council engagement and communication, and provides them with opportunities to be heard. The guidance also affirms that the Council will engage extensively with companies’ primary financial regulators. The guidance also eliminates several prerequisites to designation in place under the current guidance that were not contemplated by the Dodd-Frank Act and that are based on a flawed view of how financial risks develop and spread. And, again, designation is only one of the Council’s tools and is not being prioritized over other approaches to addressing financial stability risks.
In voting to adopt the analytic framework and guidance, we will increase the transparency of the Council’s work and establish a durable process for the Council’s use of its designation authority, strengthening the Council’s ability to promote a resilient financial system that supports all Americans.
With that, let me turn to Sandra Lee, Treasury’s Deputy Assistant Secretary for the Council, for the presentation.
All 1854 Seated Liberty quarters show arrows at the date to signify a weight change in the denomination that was instituted the year before. The 1853-dated quarters also displayed a glory of rays on the reverse, but that feature was eliminated in 1854 because of striking problems and die breakage. The Arrows design was continued in 1855, then eliminated, creating an extremely popular two-year subtype.
Accounts of the precise rarity of the 1854 Arrows quarter proof issue vary to a certain extent, but all agree that it is very rare at a minimum, with no more than 12 to 15 known (according to David Akers, writing for the Pittman catalog in 1998) or around 10 (according to Walter Breen). PCGS CoinFacts estimates 10 to 15 pieces known.
The NGC population is only 2 with 2 graded higher.
Listed at $21,600 in the CDN CPG and $25,000 in the NGC price guide.
Offered at $21,900
Collectors will find the 1908 to be among the most plentiful Indian half eagles in Gem and better condition, even while some other dates such as the 1909-D are more available overall. The higher Gem population of the 1908 is due to the first-year-of-issue status of this date, which historically resulted in more widespread preservation of examples due to the novelty of the new design. Even so, the 1908 Indian is conditionally rare in MS66, and just a handful of finer pieces are known.
The NGC population is 14 with 7 graded higher.
Listed at $24,000 in the NGC price guide.
Offered at $20,300
Although heavily touted as a conditionally scarce date in Mint State, the 1883-S Morgan remains collectible in grades through MS64, and is frequently offered at auction in that range. It is the Gem grade level from where this issue draws its recognition. In MS65, the 1883-S Morgan is a grand rarity in absolute numbers, and in the context of the series, is truly rare. Including possible resubmissions, there are fewer than three dozen Gem or finer examples seen by the leading certification services.
The NGC population is 12 (3 of which have been designated “Star”) with 3 graded higher.
Listed at $28,800 in the CDN CPG and $30,000 in the NGC price guide.
Offered at $25,900
Only 8,875 quarters were struck in 1884 including 875 proofs, one of the lowest total production runs in the entire Seated quarter series. While this PR68 Cameo specimen is especially rare as a Proof, it is a piece of singular beauty and conditionally quite rare. Brilliant, glassy-mirrored silver fields surround frost-white devices on both sides of this exceptional example .
The NGC population is 3 with 2 graded higher.
Listed at $11,200 in the CDN CPG and $14,500 in the NGC price guide.
Offered at $11,800
The Carson City Mint opened for business in 1870. That year, it struck 11,758 silver dollars and 54,617 half dollars. From those figures, one might conclude that the 1870-CC dollar is rarer than its half dollar counterpart. But more dollars were set aside, and the 1870-CC half is certainly the greater rarity, as can be confirmed by both the NGC and PCGS Population reports. It is, in fact, the rarest Carson City half dollar issue.
The NGC population is a mere 2 with 6 graded higher.
Listed at $38,400 in the CDN CPG and $44,500 in the NGC price guide.
Offered at $34,000