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Rare Money Blog

By Stack's Bowers Galleries

​We are happy to announce that our New York City Store and Office will be back in operation starting Monday, June 15. We are still at our temporary location, 1177 Avenue of the Americas, 5th floor Regus Center.

By Mark Schimel, New York Store Manager

​We are in the midst of an unprecedented crisis and are all feeling the dramatic impact of COVID-19 on our businesses.  The recent "New York State on PAUSE" executive order, as issued by Governor Cuomo, required that all non-essential businesses statewide must close in-office personnel functions effective at 8PM on Sunday, March 22.  To be in compliance with this order, the New York City Stack’s Bowers staff has been working remotely, but we have many options to serve our clients. Please do not hesitate to contact us, and rest assured that we will find a solution for your particular needs.

By Mark Schimel, New York Store Manager

​This week in the New York store we were excited to by a number of nice collector gold coins, and I want to highlight two particular coins.  First, we purchased an 1801 $10 in NGC AU-55.  Early gold coins are fascinating. They offer a gorgeous classic design coupled with great rarity, a combination that makes them very appealing. The coin we purchased has lovely clear surfaces and not a single issue worthy of mention. 

By Mark Schimel, New York Store Manager

​This week in the store we purchased some less often seen gold bullion.  One of the interesting aspects of investing in gold bullion is the various ways that the bullion is produced for sale.  Of course there are the basic one ounce bullion coins from the United States, Canada, South Africa or China – these account for the vast majority of bullion sales.

By Mark Schimel, New York Store Manager

​We are always thrilled to welcome new collectors into our wonderful hobby. This week we were pleased to meet a very special young man. Jacob came in with his dad to look at some coins for his collection. He told me that he specializes in Lincoln cents, but he has nothing before 1944 and he would love to acquire some older coins. I had to ask this very precocious eight-year-old how long he has been collecting coins and he very proudly told me "oh, I have been collecting for a few days now!" Talk about new to the hobby!​​

By Mark Schimel, New York Store Manager

It was clearly bullion week in the New York Store.  Some of you may not realize that we do a very substantial bullion business as part of our retail operations; we do not only focus on classic numismatic collectibles.  This week we got a call from a local client who needed to sell off almost 100 one ounce Canadian Maple Leafs and a bit over 100 South African one ounce Krugerrands.  One of the advantages of selling to us is that we can purchase as much as you have to sell.  We locked in a price that our client was extremely happy with and took possession of the gold.  We sold almost all of it during the week, some to our wholesale outlets and some to our retail clientele.  We also had some nice retail sales and purchases of bullion in smaller quantities as well. As I noted above, bullion came to the fore this week and a lot of precious metal flowed through the store.  

By Mark Schimel, New York Store Manager

This week a set of three coins with an extremely low mintage and in a rarely used metal came to us.  The coins were minted by the Kingdom of Tonga, an archipelago situated in the southern Pacific Ocean.  The three coins are made of Palladium, and are the first coinage of this metal from this nation. 

By Mark Schimel, New York Store Manager

This week, a very rare modern issue came to us.  A collector called about a pure gold, one kilogram coin minted by the Royal Canadian Mint. It commemorated Looney Tunes, and featured Bugs Bunny and the entire ensemble cast.  The coin has a face value of $2,500 CDN, but of course the gold value far exceeds that amount. 

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