STOCKS YES, GOLD NO.
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THIS $10 GOLD A RARITY
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Graded MS-65 this $10 gold will be auctioned off at the Long Beach Auction starting June 4th.
This one has a rolled rim and is "one of the rarest issues in the series".
The rolled rim was an effort to improve the stacking of the coins.
However, the 31,500 pieces that were struck were almost all melted down.
Only 50 were not melted.
Notice how the L and Y are not very crisp.
One sold for $230,000 in 2007.
Current Bid: $200,000.
That one is rare but this one is an absolute rareity
Gold collectors know that this is the last year this coin was minted, by mistake.
Redbook says that there were 312,500 minted.
True, but most all of them were never put into circulation and instead melted down.
There are less than 50 out there and maybe even less than 40.
Heritage has this to say: "The pale yellow and orange-gold surfaces radiate vibrant mint luster
from both sides, enhancing the terrific eye appeal."
Further: "It may be years before a comparable example becomes available.
We expect intense competition from series specialists and Registry Set enthusiasts
when this coin crosses the auction block. The 1933 Indian eagle is listed among
the 100 Greatest U.S. Coins. Population: 8 in 65 (3 in 65+), 1 finer (4/20)."
This one is MS-65.
Current bid: $340,000.
It will be gone by this weekend.
Probably will bring close to a million.
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GOLD AND SILVER
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AS OF SUNDAY
MAY 31, 2020
GOLD AU: $1728.70 One week ago it was: $1732.70 Change: -0.2%
Oh No
SILVER AG: $17.85 One week ago it was: $17.19 Change: +3.8%
Traders and analysts are positive on both these shiny guys. Money has been flowing more into stocks than into gold recently, however, as one analyst puts it, "... increasing tensions between the U.S. and China and continued economic stimulus around the globe should give gold an upward track." But lets not forget about silver as it seems to be the stronger of the two.
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