REMEMBER THIS GOLD INGOT?
We showed this piece here a short while ago.
It sold for $50,400.
Back in 2003, it sold for $10,925.
That's a gain of about $2,300 each year.
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THEY SAY GOLD HAS LEGS. HA!
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WOULD YOU BUY THIS FOR $300?
Many enjoy collecting Morgan Dollars.
You would probably like to have this one.
Heritage sold it for $444 this week.
1878 was the first year of issue and they were minted with 7 or 8 tail feathers on the reverse.
This one has 8 as indicated by the 8TF on the label.
The 8TF type had a mintage of 750,000.
The 7TF had a mintage of over 9 million.
In 1987 the Red Book listed this at $25.
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Not Very Often Does This Coin Come Up For Auction
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Not many own one of these,
A 1794 Flowing Hair Dollar.
Only 1,758 were minted and it is estimated only about 150 still exist.
This will leave the auction block this week.
It has been cleaned and there is some tooling on the reverse through STATES.
It is graded VF.
Current Bid: $70,000.
It sold for $84,000.
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GOLD FROM FINLAND
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Russian Duchy, Nicholas II, 20 Markkaa, 1912
This one was minted in Helsinki, Finland, the capital.
It is graded MS-63 and is very rare because of the L on the obverse, the engravers initial.
A bid of $9,001 is on it right now but it is expected to draw $15,000-$20,000 in Sunday's auction.
Heritage says it, "... displays sharp visual appeal, the strike firmly placed and the surfaces beaming radiantly with golden luster."
SUOMI means Finland in Finland.
KUPARIA is copper.
KULTAA is gold.
MARKKAA ia simply the monetary unit in Finland.
This one sold for $19,200.
The above estimate was right.
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NOT YOUR NORMAL IKE DOLLAR
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If you look closely you see that LIBERTY has been smushed off.
Even the date is hanging on the rim.
Similar situations occur on the reverse.
This tells you the planchet is too small.
That is because this was minted on a Philippine 1P planchet.
This 1974D dollar will be sold Nov. 6th at Heritage's auction on error coins.
It has an MS-65 grade.
It also has a pre-auction bid of $390.
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GOLD AND SILVER
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AS OF SUNDAY
OCTOBER 18, 2020
GOLD AU: $1899.70 One week ago it was: $1930.50 Change: +1.8%
SILVER AG: $24.17 One week ago it was: $25.12 Change: -3.8%
"It can only go higher" said one so called expert. Yeah, right. This COVID is causing all kinds of upsets. Investors don't know what to think about the stimulus bill being floated out there. And with Trump and Biden throwing all kinds of statements around what is one to think. Markets don't like turmoil so we will just wait and see what happens this week.
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