Mystery, Gold, and Auctions…
It’s been said that “mystery is a resource, like gold, and its preservation is a fine thing.”
Sometimes at Pot of Gold Auctions, mystery, gold and preservation intertwine…as was the case recently with an 1834 $2.50 Classic Quarter Eagle No MOTTO Gold piece.
- 1834 $2.50 GOLD Classic, ANACS VF 30, Lot #369, July 15, 2014
Initially, this coin was received from one of our consignor’s in raw form; herein lays the “mystery”. The coin was not as brilliant and did not share the luster of similar gold coins, the fields were weak, grainy and dimpled, the reeded edge and rim appeared “off”; however the weight was correct at 4.18 grams and the diameter was exact at 17.50 millimeters and it was 180 years old! Questions began to arise… What was this coin’s history? Where had this nearly two century year old coin spent a good portion of its existence? And the flip side…Was it possible that this piece could be a “cast reproduction”, ie., a fake with no mysterious history at all? Read on…
Treasure And History Collide In One $50 Coin
In the early 1800s, money was gold. At that time, America’s largest gold coin was the $10 gold piece with our patriotic eagle on the reverse. The name for the coin became known as the “Eagle.” A $50 piece of currency is five times the size, and is called a “Quintuple Eagle”. Such a $50 Ingot or Slug as shown here, was used in large transactions, and was the coin of choice, since people shunned paper money and in fact paper money was illegal… ” Read on…
1852 $50 GOLD California Assay 887 “Quintuple Eagle” Ingot, graded by PCGS
In the early 1800s, money was gold. At that time, America’s largest gold coin was the $10 gold piece with our patriotic eagle on the reverse. The name for the coin became known as the “Eagle.” A $50 piece of currency is five times the size, and is called a “Quintuple Eagle”. Such a $50 Ingot or Slug as shown here, was used in large transactions, and was the coin of choice, since people shunned paper money and in fact paper money was illegal… ” Read on…
Is now the time to buy gold, silver, US Dollar or even do some “Bitcoin Mining” ?
Is now the time to buy gold, silver, US Dollar or even do some “Bitcoin Mining” ?
buying gold or silver dollar coins now a smart move?
There have been many thought provoking News articles in recent days as the gold and silver spot prices change by large percentages: (gold spot price ) and (silver spot price)
- Gold is “on sale” – With prices at a two year low…is it time to buy? (The Blaze)
- Gold, Twinned With Bitcoin? (Wall Street Journal)
- Bitcoin or Gold: Which is More Fiat-Proof? (Forbes)
- Gold Losses Pale Beside Silver’s Two-Year Drop… gold to silver ratio highest since 10/2010 (Bloomberg)
- Like 1973, Dow’s decline to bring massive gold rally? (Stockhouse)
We have seen large prices increases and posted actual prices realized over the past 7 years on the gold and silver dollar values. We have a plentiful selection of gold and silver dollar coins up for auction right now. What do you think will happen with precious metal prices going forward. Are we starting a long term bear market (feels like trying to catch a falling knife) or are we ready to begin the next leg up on a decade plus bull run? Let us know your opinion in the comment field below: