And, here pictured is the Proof 1850 in a Paris Museum for comparison.
Time to start pulling out the 1910 and over gold.
Reflecting back, it seems like a distant memory when gold was at $1850 with it now at $1950 and above.
Adapted from another thread, here is the backstory for my $1850 gp;d coin:
The subject 1850 $20 double eagle gold piece presently in the author’s possession has an interesting history. As referenced in the Script Narrative, it has been traced back to having been in the personal collection of its designer, James B. Longacre, the 4th Chief Engraver of the United States Mint. As such it may have been the first $20 United States coin minted for general circulation. (The unique and priceless 1849 specimen in the Smithsonian was minted as a trial piece rather than for circulation.)
Based upon the similarity of auction descriptions and identification of its owners, including in particular a Dr. C.W. Green, the coin’s history is traced through three separate time periods to the present. It was initially identified in the 1870 Longacre Estate Auction as Lot 178 with a description as being a proof and one of the first minted. Specifically the auction description stated, “from the first dies used for the double eagle.” From an original auction catalogue in the possession of prominent coin dealer Rick Snow it was learned that the purchaser was Edward Cogan, a noted coin auctioneer and dealer at the time.
Numismatic legend and author Walter Breen wrote in his “Breen’s Encyclopedia of US and Colonial Proofs” that he was aware of a Dr. Green’s ownership of a purported proof $20 1850 double eagle.
In 1949 noted numismatist Max Mehl, and at the time the most prominent coin dealer in the United States, provided an auction description for an 1850 $20 double eagle that was both attributed to prior ownership by Dr. Green, and also of proof appearance. Identified as Lot 719 Max Mehl wrote in his auction description describing the coin, “The most beautiful specimen of this date $20.00 gold piece I have ever seen or that I can find record of. This coin was purchased by Dr. Green as a proof ….. The obverse is brilliant and equal to a brilliant proof. I classify it as a brilliant semi-proof, almost equal to a brilliant proof.”
The most recent auction appearance of a similar described 1850 $20 gold piece was lot 4170A in the Superior Galleries Pre-Long Beach sale held May 27-29, 2001. That description stated, “1850 SEGS graded Proof 62 marked Presentation/PL … pedigreed to Dr. C.W. Green and so noted on the holder.” It continued, “The coin has a beautiful bold strike with full stars and all other details sharp and clear. The fields are proof like and you can see clearly with magnification that the dies and planchet were enhanced prior to the striking …”
Numismatic author and researcher, the late Karl Moulton, concluded that the subject 1850 $20 double eagle with its matching and similar auction descriptions and Dr. C.W. Green provenance was one and the same as that sold in the initial 1870 Longacre Estate Auction.
Although Breen in his Proof encyclopedia suggested there may have been up to three such specimens, the only other that is presently known is a proof $20 double eagle piece located in a Paris museum. Through U.S. Mint records that coin appears most certainly to not have been minted from the original dies at the time of the first minting of U.S. $20 gold pieces for circulation. Contemporary accounts confirm that by April of 1850 $20 double eagles were in circulation and there is a written reference to the first double eagles having been struck on March 12, 1850. This leads to confirmation that the Paris museum’s proof specimen which evidently came from an October 1850 minting of a “Set of Gold Master Coins” made initially for the U.S. Committee on the Library was not from the original dies. This leaves the subject 1850 $20 double eagle in the author’s possession as the only one of similar appearance that can be so attributed.
The above described similarity of appearance in successive auctions coupled with the identified ownership provenance gives credence to the subject coin having been the first 1850 $20 double eagle gold piece minted in the United States.
1850 was the first year that the United States government minted a $20 gold coin for general circulation. The addition of a $20 large denomination gold coin was itself a consequence of the large supply of newly discovered gold available from the 1849 California Gold Rush that originated from the 1848 discovery of gold at Sutter’s Mill on the American River at the base of the Sierra Nevada Mountains in California.
Again, my 1850 double eagle that was likely the first 1850 double eagle minted, having come from its designer's own personal collection and having been specifically identified at the 1870 Longacre Estate Auction as having come from the original dies
Credits:
Thanks and credit goes to many here on this board who have helped to put together the pieces of the backstory. When I first acquired the coin some two decades ago I knew only what was represented on the holder. Subsequently I learned that the coin had been featured in the original CoinFacts.com as a “Significant Example” of the 1850 Double Eagle with the note, “Proofs: Unique?” The late Karl Moulton who went by “firstmint” here on the forum added additional insight as did poster “yosclimber” who identified a 1949 auction record describing the coin. Former poster Roger Bourdette provided United States Mint records that helped to distinguish the coin from an 1850 double eagle proof that exists in a Paris museum. In addition Rick Snow was able to provide to Karl Moulton helpful information from an original 1870 auction catalog in his possession.
This from Breen's discussion of 1850 double eagle proofs in his Proof Encyclopedia. In it he references both my Longacre specimen with its subsequent Dr. C.W. Green provenance as well as the proof now located in a Paris Museum that has been attributed back to the set of Gold Master Coins made for the U.S. Committee on the Library. Of course at the time of his writing that coin's whereabouts remained unknown:
Below are photos of both the obverse and reverse of the coin in the Paris Museum that was determined to have once been a part of the set of Gold Master Coins made for the U.S. Committee on the Library over a half year after the first 1850 double eagle coins minted from the original dies, to include my specimen, had been made.
Gold at $1914 this morning. Making a move down just as the big Whitman Baltimore Coins Show begins. I will be interested to see if people writing reports note dealers lowering their prices on gold coinage.
Maybe it's just wishful thinking but I predict $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
Feds rate hike meeting about an hour ago saw the yellow metal jump to 1888 briefly from around 1864 at ten in the morning, but currently at 1885-ish.
Silver almost went up 75 cents and is right now a shade below $23
Wonder what is in store for them in the long run.
@vulcanize said:
Feds rate hike meeting about an hour ago saw the yellow metal jump to 1888 briefly from around 1864 at ten in the morning, but currently at 1885-ish.
Silver almost went up 75 cents and is right now a shade below $23
Wonder what is in store for them in the long run.
Doubt it because almost every country is now adding to their gold reserves and it is finite material unlike the printing presses cranking up the fiat currency, so spot prices will have to eventually adjust as the dollar slides slowly.
Doubt it because almost every country is now adding to their gold reserves and it is finite material unlike the printing presses cranking up the fiat currency, so spot prices will have to eventually adjust as the dollar slides slowly.
Doubt it because almost every country is now adding to their gold reserves and it is finite material unlike the printing presses cranking up the fiat currency, so spot prices will have to eventually adjust as the dollar slides slowly.
Doubt it because almost every country is now adding to their gold reserves and it is finite material unlike the printing presses cranking up the fiat currency, so spot prices will have to eventually adjust as the dollar slides slowly.
Dollar has been surging
Smoke and mirrors
Actually, it's perfectly reasonable given the current global picture.
This is for those folks who I tend to irritate by my posts here. ( He only posts when it’s going up!)
Here you go “ really,I’m not that good at predicting the trend “ 😉🙀🦫
@Jzyskowski1 said:
This is for those folks who I tend to irritate by my posts here. ( He only posts when it’s going up!)
Here you go “ really,I’m not that good at predicting the trend “ 😉🙀🦫
Thanks for bringing it back up. I’ve been too busy watching the Crypto Crazies get wiped out. Lost track of the price of gold. Pulling for $1200. Need $1000 an oz to get to the drop Bitcoin has had from $60,0000.
@Jzyskowski1 said:
This is for those folks who I tend to irritate by my posts here. ( He only posts when it’s going up!)
Here you go “ really,I’m not that good at predicting the trend “ 😉🙀🦫
Comments
Gold at 1945ish.
Passed on one of these years ago in when gold was $500 an ounce.
Made in 1945 & 1946:
https://coins.ha.com/itm/world-coins-and-currency/-1945-1946-saudi-arabia-ibn-saud-gold-4-pounds-ms61-pcgs-km-34/p/1344-14029.s?ic16=ViewItem-BrowseTabs-Auction-Preview-ThisAuction-120115
I've always wanted one but they've gotten pricier than I'm willing to pay.
GOLD $1,964.11 (+19.30)
Here we go again?
Whenever I seee an uptick like this I become reluctant to check out the News Channel.
Stocks up gold and silver. Roller coaster 🎢🙀🦫
🎶 shout shout, let it all out 🎶
OK - What goes up must go down?
GOLD $1,958.46 (+0.40)
Holding for the weekend.
Reflecting back, it seems like a distant memory when gold was at $1850 with it now at $1950 and above.
Adapted from another thread, here is the backstory for my $1850 gp;d coin:
The subject 1850 $20 double eagle gold piece presently in the author’s possession has an interesting history. As referenced in the Script Narrative, it has been traced back to having been in the personal collection of its designer, James B. Longacre, the 4th Chief Engraver of the United States Mint. As such it may have been the first $20 United States coin minted for general circulation. (The unique and priceless 1849 specimen in the Smithsonian was minted as a trial piece rather than for circulation.)
Based upon the similarity of auction descriptions and identification of its owners, including in particular a Dr. C.W. Green, the coin’s history is traced through three separate time periods to the present. It was initially identified in the 1870 Longacre Estate Auction as Lot 178 with a description as being a proof and one of the first minted. Specifically the auction description stated, “from the first dies used for the double eagle.” From an original auction catalogue in the possession of prominent coin dealer Rick Snow it was learned that the purchaser was Edward Cogan, a noted coin auctioneer and dealer at the time.
Numismatic legend and author Walter Breen wrote in his “Breen’s Encyclopedia of US and Colonial Proofs” that he was aware of a Dr. Green’s ownership of a purported proof $20 1850 double eagle.
In 1949 noted numismatist Max Mehl, and at the time the most prominent coin dealer in the United States, provided an auction description for an 1850 $20 double eagle that was both attributed to prior ownership by Dr. Green, and also of proof appearance. Identified as Lot 719 Max Mehl wrote in his auction description describing the coin, “The most beautiful specimen of this date $20.00 gold piece I have ever seen or that I can find record of. This coin was purchased by Dr. Green as a proof ….. The obverse is brilliant and equal to a brilliant proof. I classify it as a brilliant semi-proof, almost equal to a brilliant proof.”
The most recent auction appearance of a similar described 1850 $20 gold piece was lot 4170A in the Superior Galleries Pre-Long Beach sale held May 27-29, 2001. That description stated, “1850 SEGS graded Proof 62 marked Presentation/PL … pedigreed to Dr. C.W. Green and so noted on the holder.” It continued, “The coin has a beautiful bold strike with full stars and all other details sharp and clear. The fields are proof like and you can see clearly with magnification that the dies and planchet were enhanced prior to the striking …”
Numismatic author and researcher, the late Karl Moulton, concluded that the subject 1850 $20 double eagle with its matching and similar auction descriptions and Dr. C.W. Green provenance was one and the same as that sold in the initial 1870 Longacre Estate Auction.
Although Breen in his Proof encyclopedia suggested there may have been up to three such specimens, the only other that is presently known is a proof $20 double eagle piece located in a Paris museum. Through U.S. Mint records that coin appears most certainly to not have been minted from the original dies at the time of the first minting of U.S. $20 gold pieces for circulation. Contemporary accounts confirm that by April of 1850 $20 double eagles were in circulation and there is a written reference to the first double eagles having been struck on March 12, 1850. This leads to confirmation that the Paris museum’s proof specimen which evidently came from an October 1850 minting of a “Set of Gold Master Coins” made initially for the U.S. Committee on the Library was not from the original dies. This leaves the subject 1850 $20 double eagle in the author’s possession as the only one of similar appearance that can be so attributed.
The above described similarity of appearance in successive auctions coupled with the identified ownership provenance gives credence to the subject coin having been the first 1850 $20 double eagle gold piece minted in the United States.
1850 was the first year that the United States government minted a $20 gold coin for general circulation. The addition of a $20 large denomination gold coin was itself a consequence of the large supply of newly discovered gold available from the 1849 California Gold Rush that originated from the 1848 discovery of gold at Sutter’s Mill on the American River at the base of the Sierra Nevada Mountains in California.
Again, my 1850 double eagle that was likely the first 1850 double eagle minted, having come from its designer's own personal collection and having been specifically identified at the 1870 Longacre Estate Auction as having come from the original dies
Credits:
Thanks and credit goes to many here on this board who have helped to put together the pieces of the backstory. When I first acquired the coin some two decades ago I knew only what was represented on the holder. Subsequently I learned that the coin had been featured in the original CoinFacts.com as a “Significant Example” of the 1850 Double Eagle with the note, “Proofs: Unique?” The late Karl Moulton who went by “firstmint” here on the forum added additional insight as did poster “yosclimber” who identified a 1949 auction record describing the coin. Former poster Roger Bourdette provided United States Mint records that helped to distinguish the coin from an 1850 double eagle proof that exists in a Paris museum. In addition Rick Snow was able to provide to Karl Moulton helpful information from an original 1870 auction catalog in his possession.
This from Breen's discussion of 1850 double eagle proofs in his Proof Encyclopedia. In it he references both my Longacre specimen with its subsequent Dr. C.W. Green provenance as well as the proof now located in a Paris Museum that has been attributed back to the set of Gold Master Coins made for the U.S. Committee on the Library. Of course at the time of his writing that coin's whereabouts remained unknown:
Below are photos of both the obverse and reverse of the coin in the Paris Museum that was determined to have once been a part of the set of Gold Master Coins made for the U.S. Committee on the Library over a half year after the first 1850 double eagle coins minted from the original dies, to include my specimen, had been made.
Gold at $1914 this morning. Making a move down just as the big Whitman Baltimore Coins Show begins. I will be interested to see if people writing reports note dealers lowering their prices on gold coinage.
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
Indeed we are sliding down today. Watching the news
Edit to say: I’m falling fast🙀
🎶 shout shout, let it all out 🎶
GOLD $1,942.24 (+9.59)
Edging back up.
$25 silver $1950+ gold 😉🦫🙀
🎶 shout shout, let it all out 🎶
GOLD $1,946.81 (+14.16)SILVER $24.79 (+0.16)> @Jzyskowski1 said:
Hanging in there for the weekend:
GOLD $1,946.81 (+14.16)SILVER $24.79 (+0.16)
GOLD $1,958.55 (+11.74)
And as the week begins ....
Up up up. For a minute 😂
🎶 shout shout, let it all out 🎶
GOLD $1,960.57 (+6.15)
Oh ye of little faith. The trend continues upward.
My US Mint Commemorative Medal Set
GOLD $1,975.96 (+8.72)
Another day, another rise.
Nice way to foretell current price from a 6 hours ago posting.
1976 coin matching now current $1,975.96 (Rounded off to $1,976.00) price for gold.
GOLD $1,975.96 (+8.72)
OK, make that now a 1976 perfect match.
GOLD $1,976.01 (+8.77)
$1984. It’s trying 😉🙀🦫
🎶 shout shout, let it all out 🎶
Maybe it's just wishful thinking but I predict $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
GOLD $1,980.37 (+13.13)
Staying above 1980
Seeing $1990 tonight. Maybe the push over $2000 is coming??
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
I think I can. I think I can 😉🙀🦫
🎶 shout shout, let it all out 🎶
For a minute. 😉🙀🦫
🎶 shout shout, let it all out 🎶
GOLD $1,990.26 (+16.15)
Hanging in there,
Now this is underwater 😉🦫🙀
$1900
🎶 shout shout, let it all out 🎶
Hoping it continues to fall. I have some gold coins on my wish list.
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
Feds rate hike meeting about an hour ago saw the yellow metal jump to 1888 briefly from around 1864 at ten in the morning, but currently at 1885-ish.
Silver almost went up 75 cents and is right now a shade below $23
Wonder what is in store for them in the long run.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
$1500 and $17
Doubt it because almost every country is now adding to their gold reserves and it is finite material unlike the printing presses cranking up the fiat currency, so spot prices will have to eventually adjust as the dollar slides slowly.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Up up and away 🎈🎈😉🙀🦫
🎶 shout shout, let it all out 🎶
GOLD $1,901.91 (+20.06)
OK, staying above $1900.
Dollar has been surging
And down, down, down Roller coaster 🎢. 😉🙀🦫
Dow down a 1000🤨
🎶 shout shout, let it all out 🎶
TIMBER!!!!!!!!!!!!
LOL
Smoke and mirrors
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Actually, it's perfectly reasonable given the current global picture.
Gold at 1876 tonight.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
1876
Gold at 1883 tonight.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Seeing $1882 tonight. This has always been a strange one for me. Only 9 higher at CAC.
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
Just curious. Does JA at CAC lump together both NGC and PCGS coins for his rankings?
Yes the pops are both. No way to separate the data.
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 is for those folks who I tend to irritate by my posts here. ( He only posts when it’s going up!)
Here you go “ really,I’m not that good at predicting the trend “ 😉🙀🦫
🎶 shout shout, let it all out 🎶
Thanks for bringing it back up. I’ve been too busy watching the Crypto Crazies get wiped out. Lost track of the price of gold. Pulling for $1200. Need $1000 an oz to get to the drop Bitcoin has had from $60,0000.
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
It's not just you.
Closing in on 1850 gold again:
GOLD $1,847.67 (+4.89)
Seems silver is trying 😉🙀🦫.
Here’s a picture of the little engine that could. Just like silver 🤨(.999😎)
And here’s the picture of what happens when I try to encourage silver 😉🙀🦫
🎶 shout shout, let it all out 🎶
Fun