Precious Metal & Rare Coin Market News

President Donald Trump signed an executive order on January 20, 2025 to establish DOGE: the Department of Government Efficiency, led by Elon Musk, with a goal to cut spending. A number of programs, from diversity, equity, and inclusion (DEI) to Daylight Saving Time to the venerable one-cent piece—yes, the penny—are on the potential chopping block. In an X post, DOGE wrote that it costs more than 3 cents to make a penny, which cost taxpayers ... >> Read More        

Just nine days after President Trump was sworn in as our nation's new president, the Federal Reserve held interest rates steady at 4.25- 4.50%. Inflation remains above the Centrals bank's target and there is widespread uncertainty on how the new administration's policies will impact the economy and financial markets. This uncertainty likely played into the Fed's decision to stand pat. Today's decision from the Fed comes after three consecutive interest rate cuts in 2024. For now, ... >> Read More        

Gold is shining—trading just below its record high—as the U.S. stock market tumbles amid concerns that a Chinese artificial intelligence company may provide cheaper and better technology than American tech firms. Stocks tumbled in overseas trading to start the week and at the New York open, Nvidia crashed nearly 13%, wiping out over $400 billion in market value. In early action, the S&P 500 fell over 1.54%, the Nasdaq tumbled over 2.56% and gold is ... >> Read More        

The 1955 Double Die Lincoln penny is easily the most famous double die coin in U.S. numismatic history. How did this dramatic error come about? Blame it on the night shift. In the fall of 1955, there was a severe shortage of pennies in America. So, the Philadelphia Mint took extreme measures and struck coins for 24 hours a day, in two 12-hour shifts to help alleviate the penny shortage. What Exactly Is A Double ... >> Read More        

President Woodrow Wilson famously described World War I as the war to end all wars. After a bloody four-year conflict, from 1914-1918, in which over 8 million soldiers and sailors died, the Allied Forces and the Germans signed an armistice ending World War I on November 11, 1918. After the war ended, the American numismatic community advocated for an official coin to celebrate the peace. Soon after, a design competition for the new coin was ... >> Read More        

U.S. stocks plunged and gold climbed to a four-week high after a blow-out December jobs report on January 10. The Dow sank nearly 700 points as investors fled the equity markets following news that the U.S. economy added 256,000 new jobs in December, far outpacing estimates of around 165,000 jobs. Investors once again turned to the safety of gold as expectations the Federal Reserve will not reduce interest rates as much as previously expected took ... >> Read More        

It was January 24, 1848. At Sutter's Mill in California, James Marshall was doing his daily inspection for the sawmill he was building. He found shining flecks of metal amid loose dirt and gravel after he diverted water to clean up the construction site. Marshall showed it to his crew and everyone was fairly certain it was gold. However, Marshall unaware of the significance of his discovery was focused on completing the sawmill on schedule ... >> Read More        

Throughout history, bubbles have formed in stocks, real estate and even tulip markets. Indeed, financial history keeps repeating itself. Bubbles form, grow and then burst with disastrous consequences over and over again. Investors who are participating in the market run-up typically believe that if anything goes wrong, they can be safely one of the first people out the door. But, since bubbles are fueled by psychology—the fear of missing out—and also greed, getting out at ... >> Read More        

Gold and silver delivered extraordinary performances in 2024. It was a record-breaking year as gold climbed to multiple new all-time highs throughout the year. Gold's remarkable ascent to a new record above $2,700 an ounce was driven by multiple factors including central bank buying, geopolitical tensions, monetary policy easing, persistent inflation, and increased safe-haven demand from investors. Precious metals outpaced returns in most other asset classes. Gold climbed as much as 33% annually through the ... >> Read More        

The U.S. rare coin market is closing out a memorable year that will go down in the record books. In 2024, the numismatic market surpassed $6 billion in annual total volume. On a global scale, the coin collecting market was valued at $18.1 billion and is projected to climb to $43.9 billion by 2034, with an 8.5% annual growth rate. In 2024, the American numismatic market  registered a significant pick-up, as overall demand for rare ... >> Read More