Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@ricko said: @1northcoin ... Wow... Your 1850 PR is a real beauty.... I love gold coins, and that one is a really nice one. Cheers, RickO
Thanks. I don't claim mine is necessarily a proof even though that is what it was described as in the 1870 James B. Longacre Estate Sale. Max Mehl in a subsequent auction (before it eventually ended up in the hands of Dr. C.W. Green) had high praise for the coin but he stopped short of deeming it a proof. I am content to agree with numismatic researcher and author Karl Moulton's having identified the coin as a "First Strike" or "Trial Piece."
The one referenced as a proof and offered in my earlier post for comparison (pictured in that post below my 1850) is in a Paris museum. David Hall and others who have seen it in person have described it as a proof. There appears to be a consensus that it is a proof since its origin has been traced back to a special presentation set that was made in October of 1850. Mine is described in the original Longacre Estate auction listing as having come from the first dies and could well be the first one minted given that it had been retained in the personal collection of its designer Longacre.
The first minting of the Double Eagles for circulation was at least as early as February of 1850, many months prior to the Paris specimen's minting in October.
Apologies if that was TMI (too much information.)
The 1850 Double Eagle Proof and the Paris Museum in which it is housed:
Wow, this thread started out heralding $1850 gold and now we are celebrating $1950 golf and beyond! Time to pull out the moderns.
@ricko said: @1northcoin ... Wow... Your 1850 PR is a real beauty.... I love gold coins, and that one is a really nice one. Cheers, RickO
Thanks. I don't claim mine is necessarily a proof even though that is what it was described as in the 1870 James B. Longacre Estate Sale. Max Mehl in a subsequent auction (before it eventually ended up in the hands of Dr. C.W. Green) had high praise for the coin but he stopped short of deeming it a proof. I am content to agree with numismatic researcher and author Karl Moulton's having identified the coin as a "First Strike" or "Trial Piece."
The one referenced as a proof and offered in my earlier post for comparison (pictured in that post below my 1850) is in a Paris museum. David Hall and others who have seen it in person have described it as a proof. There appears to be a consensus that it is a proof since its origin has been traced back to a special presentation set that was made in October of 1850. Mine is described in the original Longacre Estate auction listing as having come from the first dies and could well be the first one minted given that it had been retained in the personal collection of its designer Longacre.
The first minting of the Double Eagles for circulation was at least as early as February of 1850, many months prior to the Paris specimen's minting in October.
Apologies if that was TMI (too much information.)
The 1850 Double Eagle Proof and the Paris Museum in which it is housed:
Wow, this thread started out heralding $1850 gold and now we are celebrating $1950 golf and beyond! Time to pull out the moderns.
What is it called a troy ounce? Why are there only 12 troy ounces in a troy pound?
In Roman times one popular currency was a bronze bar called an aes grave, (heavy bronze) that weighed a Libra (equal to a modern pound), and it was divided into 12 Uncias. So that is why a pound is abbreviated lb., and the Uncias became ounces.
Troy is trickier with several interpretations. One is that it came from a town in France called Troyes who had a "Troyes weighing system" for gold and silver inherited from the Romans. Around the 1300 -1400s in England dialect dictionary references to the word "troi" are defined as balance or scale. In 1527, England formally established the official English Troy Weight system for weighing gold and silver. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces).
Later the British Imperial troy ounce (1824–1971) was adopted as an official weight standard for United States coinage by Act of Congress on May 19, 1828.
When/IF gold hits $1,988 I will post a 12 troy ounce (one troy pound) gold medal struck by the US Mint in Philadelphia to support Young Astronauts following the space shuttle Challenger disaster in 1986.
@Goldminers said:
Back to the 1870's. The never-ending cycle. LOL
Buying the dip again seems like a good idea to me.
The strong NFP number and the rise in the 10-year are pressuring gold today. Eventually, the fundamentals will take over and the X-factor for the 2020's is Indian demand as that country supplants Chinas as the most populous and fastest-growing large country.
I have a nice sell-side research report from BMO on gold prices but I don't see how to attach a PDF.
@ricko said: @1northcoin.... Beautiful coins and great historical information. Never TMI.... Cheers, RickO
Thanks. I did note a clarification needed though to the above narrative.
My 1850 Double Eagle had been in the hands of C.W. Green prior to Max Mehl's 1949 Auction Description, although subsequent to the earlier Longacre Estate Auction. In the auction description Mehl referenced the Dr. Green's prior ownership.
Powell at speech and gold goes up.
Then some re-thinking about what he said and gold goes down.
Then it is - what did he really say and gold back to where it started.
And they still want $2550 for the Rev Proof on the US Mint site. Crazy high premiums. We need a Wednesday correction. Price always seems to make its way back up by then. A 60+% premium seems high for this coin.
You realize, JM, that your frustration with our passion for following the roller coaster of precious metals, provides countless hours of entertainment. Thanks buddy. You’re a good sport and I understand your correct about this situation. I’m personally, just hopeless. 😂😂😂
@Jzyskowski1 said:
You realize, JM, that your frustration with our passion for following the roller coaster of precious metals, provides countless hours of entertainment. Thanks buddy. You’re a good sport and I understand your correct about this situation. I’m personally, just hopeless. 😂😂😂
I'm not frustrated. I also find it amusing. I just can't get excited until there's actually a real break out.
Comments
$2000 by the end of the week?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Here’s almost a $250 drop
Question is will mint bullion follow?
🎶 shout shout, let it all out 🎶
Nice to see gold cracking the $1970’s tonight.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Whose quote? Spot has a max of $1957
Wow> @1northcoin said:
Wow, this thread started out heralding $1850 gold and now we are celebrating $1950 golf and beyond! Time to pull out the moderns.
GOLD $1,954.39 (+3.34)
"..... $1950 gold and beyond" that is.
Same as last nights quote. I use COMEX for uniformity
Gold COMEX (Apr′23)
@GC.1:CEC:Commodities Exchange Centre
SQUAWK BOX
*Data is delayed | USD
Last | 6:18 AM EST
1,968.40
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
This US Mint National Commemorative gold medal was owned by the Mayor of Albany.
My US Mint Commemorative Medal Set
@1northcoin.... Beautiful coins and great historical information. Never TMI.... Cheers, RickO
What is it called a troy ounce? Why are there only 12 troy ounces in a troy pound?
In Roman times one popular currency was a bronze bar called an aes grave, (heavy bronze) that weighed a Libra (equal to a modern pound), and it was divided into 12 Uncias. So that is why a pound is abbreviated lb., and the Uncias became ounces.
Troy is trickier with several interpretations. One is that it came from a town in France called Troyes who had a "Troyes weighing system" for gold and silver inherited from the Romans. Around the 1300 -1400s in England dialect dictionary references to the word "troi" are defined as balance or scale. In 1527, England formally established the official English Troy Weight system for weighing gold and silver. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces).
Later the British Imperial troy ounce (1824–1971) was adopted as an official weight standard for United States coinage by Act of Congress on May 19, 1828.
When/IF gold hits $1,988 I will post a 12 troy ounce (one troy pound) gold medal struck by the US Mint in Philadelphia to support Young Astronauts following the space shuttle Challenger disaster in 1986.
My US Mint Commemorative Medal Set
I remember over paying for this in a NTC MS 64 holder at $800 back in 2001. Guess I am better than even now.
WS
Whoops. Can gold recover by end of day?
https://www.kitco.com
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
I hope nobody was at the LCS buying gold this morning when spot was $1970. But then again, the premium is always the equalizer.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Back down to $1,926.
fka renman95, Sep 2005, 7,000 posts
.
Answer - No. One day up the next down. Where will it go tomorrow? Flat?
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
Got down to here for the low so far this morning.
My US Mint Commemorative Medal Set
Back to the 1870's. The never-ending cycle. LOL
Buying the dip again seems like a good idea to me.
My US Mint Commemorative Medal Set
Anyone have any centennial gold, $1,876, down +50?
fka renman95, Sep 2005, 7,000 posts
The strong NFP number and the rise in the 10-year are pressuring gold today. Eventually, the fundamentals will take over and the X-factor for the 2020's is Indian demand as that country supplants Chinas as the most populous and fastest-growing large country.
I have a nice sell-side research report from BMO on gold prices but I don't see how to attach a PDF.
Could almost see$2000. “Well this is another fine mess you’ve gotten us into, Olly”. 😂
🎶 shout shout, let it all out 🎶
Thanks. I did note a clarification needed though to the above narrative.
My 1850 Double Eagle had been in the hands of C.W. Green prior to Max Mehl's 1949 Auction Description, although subsequent to the earlier Longacre Estate Auction. In the auction description Mehl referenced the Dr. Green's prior ownership.
1864 now. A date I lack.
My YouTube Channel
Lucky 8’s!
Powell at speech and gold goes up.
Then some re-thinking about what he said and gold goes down.
Then it is - what did he really say and gold back to where it started.
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
GOLD $1,883.49 (+9.15)
Heading back up to over $1900?
INYNWHWeTrust-TexasNationals,ajaan,blu62vette
coinJP, Outhaul ,illini420,MICHAELDIXON, Fade to Black,epcjimi1,19Lyds,SNMAN,JerseyJoe, bigjpst, DMWJR , lordmarcovan, Weiss,Mfriday4962,UtahCoin,Downtown1974,pitboss,RichieURich,Bullsitter,JDsCoins,toyz4geo,jshaulis, mustanggt, SNMAN, MWallace, ms71
Now in the 1880a again as well. (Nice example.)
Now at $1895 (maybe we will see $1897)
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Silver at $22 and change. Maybe it will drop to $18 again and I will look up my 5 oz bar sellers. Last time got one for $111 all in 😁
🎶 shout shout, let it all out 🎶
A reversal of fortune, now $1876
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
$290.00 spread between gold and palladium. There’s that $300 drop that was mentioned awhile back 🙀
🎶 shout shout, let it all out 🎶
And they still want $2550 for the Rev Proof on the US Mint site. Crazy high premiums. We need a Wednesday correction. Price always seems to make its way back up by then. A 60+% premium seems high for this coin.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
My YouTube Channel
My YouTube Channel
😳
$310 spread between gold and palladium. Silver keeps dropping and 5-10 oz bars are going to look good again.
🎶 shout shout, let it all out 🎶
$1857
I never thought I could own a coin like this.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Holy cow 😳
Magnificent 1857 🙀
🎶 shout shout, let it all out 🎶
Now over $350 spread. Is it really going to happen. $400 spread?🧐
🎶 shout shout, let it all out 🎶
$1,843
fka renman95, Sep 2005, 7,000 posts
We had fallen to page 3 so I thought time for an update. Seeing $1852 this am.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Poor palladium 😢
What happened?
🎶 shout shout, let it all out 🎶
21 months... no change in price
Holy moly.
It’s here. $400 spread 🙀
Palladium to gold. 😳
🎶 shout shout, let it all out 🎶
Spot gold back to a date I have
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Excellent coin!
My YouTube Channel
GOLD $1,833.90 (+6.44)
Up at least $20 from the weekend. If this upward movement continues we should soon again see $1850 shortly.
For the 37thn time. Lol
You realize, JM, that your frustration with our passion for following the roller coaster of precious metals, provides countless hours of entertainment. Thanks buddy. You’re a good sport and I understand your correct about this situation. I’m personally, just hopeless. 😂😂😂
🎶 shout shout, let it all out 🎶
I'm not frustrated. I also find it amusing. I just can't get excited until there's actually a real break out.
GOLD $1,841.36 (+13.90)
Getting closer -- faster than I had anticipated.