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Rare Money Blog

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. 

By Stack's Bowers Galleries

Last week a client came in with a few pounds of base metal foreign coins of minimal value.  However, also in this bag was a gorgeous, original 1935 three-piece set of Texas commemorative half dollars in an original holder, worth several hundred dollars.  It was strange to find a set like this mixed in with foreign coins that were accumulated from travels. But, this happens more than you would think. Needless to say, the client had no idea and thought the entire bag was pretty worthless.​​

By Stack's Bowers Galleries

Stack’s Bowers Galleries’ New York Store will be running in-store bullion specials each week.  While it sounds incredulous to say we have too much gold or silver, we actually do!  Lately we have been buying more than we are selling. To bring our inventory levels back in line, each week we will lower the premium on a particular overstocked bullion item. 

By Stack's Bowers Galleries

We are now featuring our new eBay Deals section, and already it has been a tremendous success, garnering rave reviews.  Each week we will be offering a new deal priced to be irresistible. The deal may be from our currency department, or it could be rare or bullion coins. 

Coming up next week will be a beautiful 1876 $20 Liberty graded AU-58 by PCGS!​

By Stack's Bowers Galleries

Gold took a big drop at the end of last week and did not improve by Monday morning.  This looks like a good opportunity to “buy the dip.”  We have plenty of gold bullion in stock, so we can help you do this!  We also continue to have a great stock of $10 Saints and Liberty Heads at just slightly over spot –my favorite buy at the moment. ​​

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