Precious Metal & Rare Coin Market News
Gold and Silver Emerge as Big Third Quarter Winners
As the days get shorter, the temperatures turn cooler and pumpkin spice everything is everywhere, gold and silver emerged as clear asset class winners in the third quarter. Amid escalating war in the Middle East, the start of the Federal Reserve rate cutting cycle and uncertainty about the U.S. presidential election investors are piling into the safety of gold and silver. Precious Metals Performance In September, gold broke records again hitting a new all-time at ... >> Read More
Consumer Confidence Plummets, Gold Hits Record High
Worries about jobs drove the September Consumer Confidence Index sharply lower to 98.7 from 105.6 in August, the Conference Board said. Meanwhile investors continued to pile into gold driving the precious metal to another record high at $2,670 an ounce in late September. The September plunge in consumer confidence marked the biggest drop since August 2021 and showed deterioration in all five components of the index. Big picture, Americans worry about the upcoming U.S. Presidential ... >> Read More
10 Valuable Rare Mexican Coins Worth Money
While the field of numismatics largely revolves around U.S. coins, a close neighbor to the U.S. also boasts many rare coins worth seeking out. This article will provide a rare Mexican coins list to guide collectors to identify and appreciate these valuable treasures. Specifically, it will talk about: Rare Mexican coin values The historical significance of sought-after Mexican coins Where to find rare Mexican coins for sale online Watch a coin enthusiast discuss the rarest ... >> Read More
Silver Spotlight: Gold Isn’t the Only Precious Metal Shining Bright
While gold has been stealing all the headlines and limelight, with its impressive +25% year-to-date performance, silver has been quietly and steadily racking up stellar gains in its own right. How much has silver gained since the start of the year? Silver is up an astonishing 30%. In fact, this year, silver has topped the $30 an ounce level for the first time in a decade. Surprising? Not really, when you consider the insatiable demand ... >> Read More
The U.S. Government Debt and Gold
You are probably aware that the United States of America national debt continues to tick higher every second of every day. In 1988, the U.S. government debt stood at $6.6 trillion. In 2001, the U.S. government debt stood at $9.9 trillion. In 2014, the U.S. government debt stood at $17.8 trillion. In 2019, the U.S. government debt stood at $27.1 trillion. In 2024, the U.S. government debt has soared above $35 trillion. More concerning to ... >> Read More
Fed cuts rates 1/2% pushing gold to new record, up 24% YTD
Federal Reserve Starts Easing Cycle with a Jumbo Sized Rate Cut The record-shattering gold rally of 2024 saw another burst of investor buying on Wednesday, following the Federal Reserve's first interest rate cut of this easing cycle. The Fed came in big Wednesday with an aggressive half percent cut in benchmark fed funds rate. Investors immediately bought gold after the news, which drove the precious metal to another record high above $2,600 an ounce on Wednesday ... >> Read More
8 Most Valuable Rare Presidential Dollar Coins
Presidential dollar coins were first released in 2007 as part of an initiative to honor former U.S. presidents. With their unique designs and special role in commemorating American history, they quickly became very popular with collectors. However, with the series rapidly growing over time, collectors frequently wonder: “Which presidential dollar coins are rare?”. This piece will answer that question, highlighting: The most valuable rare presidential dollar coins. Collectible presidential bills. Sourcing rare presidential gold coins ... >> Read More
The 1857 Flying Eagle Cent: Beloved by Collectors for Many Reasons
The year 1857 in American history included many significant events. These included the tragic sinking of the S.S. Central America off the coast of North Carolina, the Panic of 1857 (exacerbated, in part, by the financial loss from the S.S. Central America) which saw New York banks close in October, not to reopen until mid-December of that year, and Congress banned the use of foreign coins as legal tender. In the numismatic world the Flying ... >> Read More
Jobs Data Misses the Mark: All Eyes on Sept Fed Meeting
Wall Street is counting on the Federal Reserve to cut interest rates at its upcoming September 18 meeting. The question is how big will that rate cut be—25 or 50 basis points? The latest U.S. jobs data came in weaker-than-expected by a smidge, showing further signs the labor market is cooling. But, it appears to be a coin toss on whether this will push the Fed to cut rates in a bigger way this month ... >> Read More
The Admiral Gardner Coin Treasure
The Admiral Gardner was a significant vessel of the late 18th and early 19th centuries. Renowned not just for its role in the British East India Company's trade, but also for its unfortunate end, the ship met a tragic demise in 1809 on Goodwin Sands. Admiral Gardner’s precious cargo of coins, salvaged years later, has been highly sought after by collectors ever since. This piece will uncover the full story of this iconic vessel, exploring ... >> Read More