<?xml version="1.0" encoding="utf-8"?>
<feed xmlns="http://www.w3.org/2005/Atom" xml:lang="en">

    <title type="text">Monaco Rare Coin Rare Coin News</title>
    <subtitle type="text">Rare Coin News:</subtitle>
    <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/rare-coin-news/" />
    <link rel="self" type="application/atom+xml" href="http://www.zoomcoin.com/rare-coin-news/atom/" />
    <updated>2010-07-01T23:08:50Z</updated>
    <rights>Copyright (c) 2010, Monaco Rare Coin</rights>
    <generator uri="http://www.pmachine.com/" version="1.6.8">ExpressionEngine</generator>
    <id>tag:zoomcoin.com,2010:03:23</id>


    <entry>
      <title>Famous 1849 $20 Gold to be Displayed at National Money Show: March 25&#45;27</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/famous-1849-20-gold-to-be-displayed-at-national-money-show-march-25-27/" />
      <id>tag:zoomcoin.com,2010:rare-coin-news/5.486</id>
      <published>2010-03-23T23:03:08Z</published>
      <updated>2010-03-23T23:33:09Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p>Some of the most valuable coins and paper money will be displayed by the Smithsonian Institution at 2010 ANA National Money Show, March 25th through 27th, and the most famous of all is the 1849 Type I Double Eagle.  This classic rarity is considered by most top numismatists to be the "world's most valuable coin" and it is the featured coin of the Smithsonian's National Numismatic Collection.  However, since the industry has increased its support at the American Museum of History, the Smithsonian has generously provided wonderful exhibits at both the ANA's World's Fair of Money and the National Money Show over the past several years in an effort to increase its exposure and growth of what is known to many as the "Hobby of Kings."</p> 

<div style="text-align:center; margin: 1em 0;"><img alt="Adam Crum of Monaco Rare Coins." src="http://www.zoomcoin.com/images/uploads/adam-speak-smith.jpg" /></div>

<p><em>Learn more about the <a href="http://www.zoomcoin.com/rare-coin-news/article/night-at-the-museum-the-new-smithsonian-stories-on-money-exhibit/">Smithsonian's National Numismatic Collection</a></em></p>
<img style="float:right; padding-left:10px; padding-bottom:10px;" alt="1849 $20 Gold" src="http://www.zoomcoin.com/images/uploads/slab1856-o_obv.jpg" />
<p>The ANA Museum Showcase will make its debut and features the Smithsonian exhibit, which is dubbed, "Good as Gold: America's Double Eagles."  It chronicles the story of the $20 gold  coin, and includes other important Double Eagle rarities like a 1933 Saint-Gaudens Double Eagle which is the topic of much controversy due to its "illegal status" in private hands. The only exception to this is the "King Farouk" specimen which sold in 2001 for a whopping $7.59 million.</p> 

<p>But these are just a few of the important rarities from the collection which will be on display. Referencing various exhibits to be on view at the convention, ANA Executive Director Larry Shepherd said, "This collection of rare, beautiful and historically-significant pieces is truly something special.  It's a once-in-a-lifetime opportunity for many people to see these treasures in person."</p>

<p>As part of the ongoing Monaco Rare Coins-sponsored exhibit of the "World's Most Valuable Coins Tour," we will be exhibiting a number of wonderful rarities, including the famed 1856-O Double Eagle which recently sold for $1.8 million. For more information on the convention, please contact your Monaco Account Representative.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>Government Gone Wild</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/government-gone-wild/" />
      <id>tag:zoomcoin.com,2010:rare-coin-news/5.485</id>
      <published>2010-03-19T20:47:38Z</published>
      <updated>2010-07-01T22:54:39Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>

<p>On February 24, 2010, Mad Money's Jim Cramer was asked the question: "What about gold?"  Reiterating the stance he has taken since the beginning of the economic crises, Cramer responded, "Just like no responsible driver would drive down the highway without automobile insurance, no responsible investor would go without insurance on his stocks, bonds and cash and the only insurance for those is... GOLD!"</p>

<p><strong><em>Is the bond market on the brink of collapse?  Recent data suggests several warning signs! Here are just a few...</em></strong></p>

<p>I read the phrase "government gone wild" recently, and considering the economic times in which we presently find ourselves, the phrase seems apropos... painfully so.</p>

<p>Today, as government spokespersons and members of the media report that the world is emerging from the latest economic morass, I translate any rosy outlook currently being peddled not as a turnaround, but rather as a call to personal economic action – a call to defend one's self and one's personal finances. And the only defensive measures which can protect from total economic meltdown is owning tangible gold in one of its various forms. The following information is not reported in popular media, but is information which every investor should know.</p>

<p>By bailing out nearly everyone you can think of, Washington has managed to produce possibly the most perilous "bubble" yet: U.S. treasuries.  According to highly-respected investment analyst Martin Weiss, "like the tech bubble and the real estate bubble, this new bubble will also burst, wiping out trillions more dollars of invested wealth."  I don't know if Mr. Weiss will be proven correct.  But why take a chance?  After all, you probably won't have an accident today on the way to the office, but you certainly aren't going to cancel your auto insurance, are you?  That would be irresponsible.</p>

<p>Given the economic environment, wouldn't it be just as irresponsible to go without money insurance? Not convinced yet?  Just look at these statistics:</p>

<p><strong>Foreclosures, unemployment and entitlements . . . oh, my!</strong></p>

<p>When you can't pay your bills, it can get ugly.  That's true for you and me, AND it is true for the federal government of the United States.</p>

<p>The U.S. Treasury reported that approximately 3.9 million homes went into foreclosure in 2009.  Government officials predict that a minimum of three million homes will face foreclosure in 2010.  Washington's response is to "throw money" at the problem.</p>  

<p>Unemployment at this point in time is probably more than 20%, a combination of about 10% "newly" unemployed individuals and another 10% who have been unable to find jobs or have given up.  Of course, there are also those who continue to be under-employed as they just try to hang on.  Then there are those cities and counties throughout the country whose average unemployment rate is even higher than the nation's average, severely higher.  California alone has eight counties with unemployment at 20%.  Again the government's solution is to throw money at the problem.  Money it doesn't actually have.</p>  

<div class="inset">
<p><strong>According to CNSNEWS.com, the present administration will spend about 25% of the nation's gross domestic product (GDP), nearly double that spent by Franklin Delano Roosevelt during the Great Depression . . . FDR having the distinction (at least for the moment) of being the president who spent the most!  Even federal spending as a percentage of GDP during World War II was less than what the present Administration will spend in 2010!</strong></p>
</div>

<p>Trillions of dollars of private sector junk credit has been guaranteed by the U.S. Federal Reserve.  The Fed has also purchased over a trillion dollars in junk mortgages . . . all with money it doesn't actually have, you understand.</p> 

<p>The U.S. Treasury has bailed out Fannie Mae, Freddie Mac, Citigroup, Bank of America, AIG, GM and others, directly AND indirectly.  Last Christmas Eve, in order to relieve investor fears, the U.S. Treasury eliminated limits on aid to Fannie Mae and Freddie Mac for three years.  From where do you suppose the money for that aid will come?</p>

<p>In addition to all of this "good news," the Federal Reserve reports that many banks, credit unions and every kind of insurer you can think of are assuming ever higher levels of interest-rate risk.  Plus, we have just learned that Federal entitlement payments now exceed the amount of money that the Federal government takes in through taxation.</p>

<p>Like the tech and real estate bubbles from which we are still feeling the repercussions, the bubble being created by Washington's ever-increasing Federal debt (also known as U.S. Treasuries) cannot do anything but burst, destroying trillions more dollars of invested wealth.</p> 

<p><strong>To put things into perspective</strong></p>

<p>To put things into perspective, Greece's deficit as a percentage of its GDP is about 13%.  The European Union Council of Financial Ministers is requiring that Greece must comply with EU austerity demands by March 16, reduce its deficit as a percentage of its GDP to three percent in three years or, according to Article 126.9 of the Lisbon Treaty, lose its sovereignty as a nation due to its insolvency.  Let me repeat that: lose its sovereignty as a nation.</p>

<p>Portugal, Spain, Italy and Ireland are also in grave danger of defaulting on their debts.  And, the United Kingdom and Japan, two of the world's biggest debtor nations, are not far behind as they confront massive deficits.</p> 

<div class="inset">
<p>According to a new report from a group of leading economists, financiers and former federal regulators, the possibility of yet another economic crisis is great.</p>

<p>The report is especially critical of Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner, the very individuals who were in charge as the economy went into a free fall and who are now in charge of fixing the situation.  Fascinating!</p>

<p>The study reports that: "In 2008-09, we came remarkably close to another Great Depression.  Next time we may not be so 'lucky.'  The threat of the doomsday cycle remains strong and growing.  What will happen when the next shock hits?  We may be nearing the stage where the answer will be – just as it was in the Great Depression – a calamitous global collapse."</p>
</div>

<p>The United States of America, however, is the world's greatest debtor of all.  If we aren't already at the point of no return, we most certainly will be soon, and we will be faced with some very difficult choices.  Here's why the potential for a crash in long-term bonds is seemingly unavoidable and what you must do to protect yourself.</p>

<p><strong>Warning signals of a potential crash in the bond market</strong></p>

<p>While I cannot cover them all in this article; here are some of the warning signals that indicate that the bond bubble could quite easily burst.</p>

<p><strong>Warning Signal #1:  Largest Federal budget deficits in U.S. history</strong></p>

<p>During the last week of 2009, the Treasury Department set a record when it borrowed $44 billion with the sale of 2-year notes, $42 billion with the sale of 5-year notes and $32 billion with the sale of 7-year notes.  It borrowed a grand total of $118 billion.  Similar borrowing is expected throughout 2010.</p>

<p>The budget deficit for 2009 was a whopping $1.4 trillion <strong>(more than three times the previous record).</strong>  The Congressional Budget Office (CBO) has projected that the 2010 deficit will be $1.4 trillion as well, with a projected $7.4 TRILLION increase in debt over the next decade.  The Office of Management and Budget (OMB) at the White House offers us an even more dismal scenario, projecting the 2010 deficit to be $1.6 trillion and an $8.5 trillion debt over the next ten years.</p>

<p><strong>We are witnessing the biggest government borrowing binge of all time! But, wait...that's not all.</strong></p>

<p><em>The New York Times</em> has pointed out that over the past three decades approximately 80 percent of the government's forecasts regarding deficits were too optimistic.  Two years ago, for example, the CBO estimated that the 2010 deficit would be $241 billion...compared to the $1.4 TRILLION now being projected.  What if the government's other projections continue to be that far off as well?</p> 

<p><strong>Warning Signal #2: The most inflationary policy of all time</strong></p>

<p>On November 21, 2002, and it doesn't appear that he has changed his modus operandi since then, Federal Reserve Chairman Bernanke stated "...the U.S. government has a technology...that allows it to produce as many U.S. dollars as it wishes at essentially no cost."  Mr. Bernanke apparently believes that he has discovered the panacea to all financial challenges known to mankind.  Just rev up the old printing presses and stand back.</p>

<p><strong>We are seeing the most inflationary monetary policy ever in the history of the U.S., in addition to the doubling of the nation's monetary base . . . a record breaker!</strong></p>

<p>Don't be misled.  Just because the powers that be are failing to remember how difficult and painful it is to get inflation under control once it has reared its ugly head, inflationary policies are as bad as they've always been.  With today's low yields, the least little hint of inflation will turn long-term U.S. Treasuries into guaranteed losers.</p>  

<p><strong>Warning Signal #3:  U.S. Treasury Bonds are no exception to the law of supply and demand</strong></p>

<p>Washington not only has to borrow enough to cover budget deficits, it also has to borrow enough to replace Treasuries that are maturing.   There is a detrimental effect on value when a massive increase in the supply of anything takes place.  It is what we know as the law of supply and demand, and U.S. Treasury bonds are not immune to this law.</p>

<p><strong>Warning Signal #4:  Global investors are starting to back away</strong></p>

<p>Moody's is warning that the U.S. could lose its AAA credit rating, but foreign investors, who now hold about 60 percent of all marketable U.S. Treasuries, aren't waiting for Moody's or anybody else.  Up until now, foreigners have been willing to pay higher prices and accept lower yields, but that may be changing.  Some of these foreign investors are already beginning to back away.</p>

<p>Last December, regardless of the reason, China became a major net seller of U.S. government bonds.  The holder of more U.S. debt than anyone else, China got rid of more Treasuries than in any month since 2000, the year the government started keeping track of this kind of data.</p>

<div class="inset">
<p><strong>U.S. headed for debt-driven "financial meltdown" within five to seven years according to outgoing Senator Judd Gregg (R-NH).</strong></p>  

<p>In an interview for the Financial Times' <em>View from DC series</em>, U.S. Senator Judd Gregg was very complimentary when it came to China's concern over the expanding U.S. public debt.</p>

<p>"We have had China say that they are looking for other places to put their reserves and that is probably a smart decision on their part," said Mr. Gregg, who will not seek re-election in November.  "So, the warning signs are pretty clear and the path is unsustainable and, at this point, unless we take different actions, unavoidable."</p> 
</div>

<p>As takers for Washington's debt appears to be waning, the 30-year auction was especially dismal.  Compared to a 43.2 percent ten-auction average, indirect bidders (mostly foreign governments and investors) purchased only 28.5 percent of the bonds sold.  Investors were enticed with higher yields to get them to buy.</p>

<p>If massive selling occurs, it will send ALL bond prices - government, corporate and municipal – into an uncontrollable nose dive.  Credit will evaporate and interest rates will rise, creating massive instability in every asset class...not just the bond market.  It will ignite an even more destructive phase of economic volatility.</p>

<p>Gold will explode!</p>

<p><strong>Rare gold coins: Insurance...a hedge...an asset class...and more</strong>

<p>Now, if there ever was one, there is potential for a "gold rush" of epic proportions.</p> 

<p>Gold has historically been the best inflation hedge.  Gold is truly a form of insurance and should be one of the foundational elements of any portfolio to reduce overall risk and create the ultimate hedge against inflation and other economic turmoil.</p>

<p>In a recent interview on CNBC, famed billionaire investor Jim Rogers said that one of the world's biggest bubbles was in U.S. Treasuries.  He also predicted that gold would hit $2,000 per ounce in the next 10 years, adding that ALL of the world's currencies are suspect.</p> 
 
<div class="inset">
<p><strong>The three shared attributes of inflationary periods:</strong></p>

<p>Inflationary periods, first off, always occur under fiat money.  This took place quite some time ago with the end of the Bretton Woods System in 1971 . . . and currencies have been falling ever since. Today, when trading currencies, you just look for the "less-ugly" one.</p> 

<p>Second, inflationary periods are a function of huge public deficits, largely due to the increase of the monetary base.  It is fairly obvious that this is the nature of the beast today in Washington.</p> 

<p>Third, inflationary periods are always a result of conscious political decisions.  In their report, <em>Rethinking Macroeconomic Policy</em>, economists at the International Monetary Fund have recommended that the world central banks double their official inflation target from 2 percent to 4 percent.</p>

<p>And, if that weren't enough to make the case for coming inflation, we have Ben Bernanke, our nation's inflationist-in-residence.  Remember, he is already on record saying he will "drop money from a helicopter," thus earning him the moniker "Helicopter Ben."</p>
</div>

<p><strong>Gold is an asset class of absolute value!</strong>  Since time immemorial, gold in all its various forms has possessed a security and intrinsic value like nothing else.  You will never see the government bailing out gold.  While past performance is no guarantee of future results, it is well documented that gold in its various forms has generated strong long-term increases in value . . . a true storage of wealth which is both private and portable.  With rare gold, you can quite literally store hundreds of thousands, even millions of dollars of wealth in a shoe box!  In addition, rare gold coins are that unique investment that combines value with rarity and history with a fixed or diminishing supply.  As demand increases, so does the price.</p>

<p><strong>Gold remains a strong buy.</strong>  Gold has been in a secular bull market and the inflationary which are potentially looming on the horizon argue that this bull market has a long way to go.  Strategically gold still is a strong buy and the situation for gold looks very attractive.</p>

<p><strong>Gold is an uncomplicated investment.</strong>  Gold in its various forms is essentially management-free, an investment that does not require daily buy/sell decisions or monthly statements to decipher.  And, it is easy to liquidate your gold coins when the time comes.</p>

<p>If you do not yet have adequate insurance for your money, then now is the time to act. Owning gold in one of its various forms is the only way to truly insure your other assets.  It is capable of huge upside movement and can only diversify and complement your other holdings.</p>

<p>Call Monaco Rare Coins today to discover the many ways you could protect your wealth using gold.  We stand ready to assist you in developing a personalized gold acquisition strategy that fits your unique financial situation.  Call Monaco at &#123;embed="inc/DisplayPhoneNum"&#125; today.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>1869 $1 Legal Tender Large Size Notes</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/1869-1-legal-tender-large-size-notes/" />
      <id>tag:zoomcoin.com,2010:rare-coin-news/5.481</id>
      <published>2010-02-23T22:40:41Z</published>
      <updated>2010-02-23T23:52:42Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>

<p>Several months ago I called a market bottom of United States Large Size Notes ( <a href="/rare-coin-news/article/large-sized-united-states-currency-red-alert-buy-signal/">See the full story</a> ) - and according to the February 2010 <em>Currency Dealer Newsletter</em> the activity is strong.  "None of the cited sell through levels suggest a shirking or faltering marketplace, and indeed, the results for Obsolete, Nationals, Small Type and especially Large Size Type, suggest significant buyer support at current levels."  It goes on to say regarding specifically Large Size Notes, "results here can be summed up as confirming higher levels of demand and buyer interest...".</p>

<div style="text-align:center; padding:10px 0;"><img src="http://www.zoomcoin.com/images/uploads/RC1869.jpg"  alt="Beautiful 1869 $1 Legal Tender Large Size Notes" /></div>

<p>The longest-lived type of U.S. paper money, the United States Notes or Legal Tender Notes, was first authorized in 1862 and is still current today, though none have been authorized since 1969. The notes were backed only by the credit of the government.</p>

<p>The Series of 1869 $1 Legal Tender Note is commonly called the "Rainbow Note."  In fact, all denominations in the series of 1869 owe this appellation to the colorful tint of their paper. The face of the $1 note features the portrait of George Washington at the center. This was the first appearance of George Washington on any federal $1 denomination and he remains on the $1 denomination today.</p>

<p>A vignette exhibiting the artistic beauty of an old master – of Christopher Columbus making sight of land – is located on the left obverse of the note.</p>

<p>The series of 1869 legal Tender Note is the only note which bears the label "Treasury Note" instead of the label "United States Note," found on all later issues (series of 1874, 1878, 1880, 1907, 1917 and 1923).</p>

<p>The back of the note is extremely interesting with an array of contiguous geometric "flowers" surrounding the intertwined letters "U.S." and a block of text describing the penalties for counterfeiting. The all-green colored backs also gave way for the term "greenbacks" for these early American Notes.</p>

<p>The historical significance and beauty of these notes has been recognized and four denominations of these Series of 1869 Notes are represented in the book, <em>100 Greatest American Currency Notes</em> by Q. David Bowers.  The $1 Note was awarded the number 41 spot in the book.</p>

<p>For the FR18 type, PMG has certified a total of 103 notes and PCGS Currency has certified a total of 23, for a combined total of only 126 notes in AU53 or better. Monaco has acquired a small hoard of these certified notes, mostly in Choice Uncirculated to Superb Gem condition. In fact, this recent acquisition represents 43% of all certified notes in AU to Superb Gem by both leading certifying agencies.</p>

<p>After speaking with three other leading experts in the currency field, one theme rang through: This is the only hoard of its kind that ANY had ever heard of; in fact, one begged me to offer  HIM the deal.</p>

<p>I am very excited to offer such an array of one the most sought-after Large Size Currency notes in the market. The following list are the grades and offering prices for this wonderful deal. Please be advised that availability is "first come-first served."  Given the current state of the market, these beautiful notes will not last long. </p>
<p>&nbsp;</p>
<table width="201" border="0" cellspacing="3" cellpadding="3">
  <tr>
    <td width="50"><span  class="strike">AU53</span></td>
    <td width="54"><span  class="strike">$1,900</span></td>
    <td width="64"><span  class="strike">SOLD OUT</span></td>
  </tr>
  <tr>
    <td>AU58 </td>
    <td>$2,950</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>62EPQ</td>
    <td>$3,250</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>63EP</td>
    <td>$3,900</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><span  class="strike">64</span></td>
    <td><span  class="strike">$4,700</span></td>
    <td><span  class="strike">SOLD OUT</span></td>
  </tr>
  <tr>
    <td>64EPQ</td>
    <td>$5,500</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>65EPQ</td>
    <td>$9,900</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><span  class="strike">66EPQ</span></td>
    <td><span  class="strike">$15,000</span></td>
    <td><span  class="strike">SOLD OUT</span></td>
  </tr>
</table>
 
      ]]></content>
    </entry>

    <entry>
      <title>Report From Long Beach Coin Show</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/report-from-long-beach-coin-show/" />
      <id>tag:zoomcoin.com,2010:rare-coin-news/5.482</id>
      <published>2010-02-09T21:00:36Z</published>
      <updated>2010-02-24T01:15:37Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <div style="text-align:center;padding: 20px 0;">
<div style="width="480px;">
&#123;exp:flvplugin playerpath="http://www.zoomcoin.com/media/flvplayer.swf" playernumber="1" file="http://www.zoomcoin.com/media/video/ship-of-gold.flv&autostart=false&image=http://www.zoomcoin.com/media/video/ship-of-gold-title.jpg" width="480" height="360" showdigits="false"&#125;
<small>Adam Crum at Long Beach Coin Show</small>
</div>
</div> 
      ]]></content>
    </entry>

    <entry>
      <title>$20 Million Dollar Treasure Exhibit Coming To Long Beach, CA</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/20-million-dollar-treasure-exhibit-coming-to-long-beach-ca/" />
      <id>tag:zoomcoin.com,2010:rare-coin-news/5.475</id>
      <published>2010-01-25T23:09:34Z</published>
      <updated>2010-01-25T23:43:35Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <div id="port">
<p>Coming (Again!) to the Port of Long Beach<br />
February 3rd through February 6th:</p>

<p>$20 Million in Treasure Recovered from the 1857 Shipwreck<br />
of the S.S. Central America "The Ship of Gold"</p>

<p>Sponsored by Monaco Rare Coins</p>
</div>

<img  style="float:right; padding-left:10px; padding-bottom:10px;"src="http://www.zoomcoin.com/images/uploads/exhibit2.jpg" alt="Ship of Gold Exhibit" />

<p>In honor of the 10-year anniversary of the S.S. Central America treasure coming to market, Monaco Rare Coins has generously brought back the incomparable exhibit which captivated and enthralled thousands of collectors and history buffs a decade ago all across North America – the "Ship of Gold" experience.</p>

<p>Included in the impressive display will be at least three of the huge California Gold Rush unparted gold bricks and ingots, which will include the colossal 933 ounce "Eureka Bar" created by Kellogg & Company, which sold for $8,000,000 in 2002.  Other items in the exhibit include territorial gold coins . . . gold dust and nuggets . . . and pristine $20 gold coins from the San Francisco Mint, as beautiful and perfect as the day they were minted, along with the "fish tank" full of $20 gold coins stacked just like they were the day the left the mint in 1857 – all recovered more than 8,000 feet beneath the sea off the coast of the Carolinas in the 1980s by a team of scientists, engineers and salvage experts.</p>

<img style="float:left; padding-right:10px; padding-bottom:10px;" src="http://www.zoomcoin.com/images/uploads/fishtank.jpg" alt="territorial gold coins" />

<p>This is the culmination of months of work to coordinate the display with collectors who privately own and now have generously loaned many of the items for the exhibit, according to Adam Crum, Monaco Vice President.</p>

<p>The story of the treasure, which can be viewed at <a href="http://www.shipofgoldinfo.com/">http://www.shipofgoldinfo.com/</a>, and its recovery have been documented in Gary Kinder's best-selling book, Ship of Gold in the Deep Blue Sea, and in the award-winning, hour-long History Channel "History's Mysteries" program, The Ship of Gold, which was sponsored for years by Monaco Rare Coins.</p>

<p>This will likely be your last chance to see this fabulous exhibit – to marvel at these exceptional Gold Rush historical artifacts – and at the same time, to meet with shipwreck treasure experts Adam Crum of Monaco Rare Coins and Bob Evans, the Chief Scientist of the "Ship of Gold" treasure recovery and conservation efforts.</p>

<img style="float:right; padding-left:10px; padding-bottom:10px;" src="http://www.zoomcoin.com/images/uploads/sog_hoard.jpg" alt="bricks, ingots, coins, gold dust and nuggets"  />
<p>A wide range of S.S. Central America treasure items – from bricks and ingots, to coins, gold dust and nuggets – will be available for sale at the Monaco Rare Coins "Ship of Gold" exhibit.</p> 

<p><strong>Be Sure to Visit Booth #512 at the Long Beach Coin Expo</strong> to pick up a FREE "Ship of Gold" treasure catalog . . . see the S.S. Central America treasure up close . . . meet treasure expert Bob Evans . . . and receive a limited-edition S.S. Central America "Redbook" autographed by Bob Evans if you're one of the first 100 people to purchase a PCGS-certified S.S. Central America "Gold Nugget Treasure Set."</p> 
      ]]></content>
    </entry>

    <entry>
      <title>A Double Squeeze Play</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/a-double-squeeze-play/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.473</id>
      <published>2009-11-18T23:15:08Z</published>
      <updated>2010-07-01T22:56:09Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>

<p>The argument has been made that the current price spike in gold is ONLY due to the declining value of the dollar; however, the fundamentals of supply and demand are also at play.</p>

<p>The market is being SQUEEZED by 1) a substantial increase in demand from increasingly wealthy nations with HUGE populations that prefer to hold wealth in tangibles (gold being their preference) AND 2) a world that grows increasingly afraid of holding the dollar as a reserve currency.</p>

<p>It's a "double squeeze" play...and higher prices are the likely result.</p>

<h4>It is increasingly difficult to find ore</h4>

<p>Production of gold worldwide peaked around the year 2000 and has been in decline ever since, even as exploration budgets tripled during the same period.  Not only is it more difficult to find ore, the quality of ore has declined as well.</p>

<p>In recent days, India's central bank bought up half of the gold being sold by the International Monetary Fund.  China has quietly doubled its holdings to 1,054 tonnes and is believed to be adding to its holdings periodically as dips in prices occur.  Gold exchange-traded funds (ETFs) have accumulated 1,778 tons, making them the fifth biggest holder after the United States, Germany, France and Italy.</p> 

<p>With supply down and demand up, gold continues to set all time highs.  But, that is only part of the story.</p>  

<h4>President to focus on economic concerns next year</h4>

<p>In just three years, the Federal deficit has exploded 770%…$161 billion in 2007…$407 billion in 2008 and now a mind-boggling $1.4 trillion in 2009.</p>  

<p>According to the White House's own Office of Management and Budget, the future deficits will add $9 trillion in debt over the next ten years, bringing the national debt to more than $21 trillion.</p>  

<p>Peter Orszag, the White House budget director, recently stated that: "The President strongly believes that as the recovery strengthens and job growth returns, we will have to take the tough steps necessary to return our nation to a fiscally disciplined and sustainable path."</p>

<p>That all sounds fine, of course, except the government is already planning to send supplemental checks to 50 million seniors, extend unemployment benefits, renew tax credits for new homeowners, pass the biggest health care legislation in history and pursue an aggressive global warming bill.</p>

<h4>Debt even LARGER than Washington claims</h4>

<p>When reporting the national debt, Washington apparently has forgotten about the $104 trillion for Social Security, Medicare, Medicaid and veterans benefits.  And, oh, by the way, the oldest of the 76 million baby boomers turn 63 this year and are beginning to collect these benefits.</p>

<div class="inset">
<p>"We're seeing deficits projected for the next 10 years of over a trillion dollars a year," said Senator Judd Gregg of New Hampshire, the ranking Republican on the Budget Committee, in congressional comments last week. "It's not sustainable. It's not fair, and it's not right."</p>
</div>

<p>The nonpartisan Congressional Budget Office reports we could be on the verge of an economic crisis of colossal proportions.  In its 2009 report, "The Long-Term Budget Outlook," the CBO writes: "[Our] model predicts only a gradual change in the economy as federal debt rises.  In actuality, the economic effects of rapidly growing debt would probably be much more disorderly as investors' confidence in the nation's fiscal solvency began to erode. If foreign investors anticipated an economic crisis, they might significantly reduce their purchases of U.S. securities, causing the exchange value of the dollar to plunge, interest rates to climb, and consumer prices to shoot up... The growth of debt would lead to a vicious cycle in which the government had to issue ever-larger amounts of debt in order to pay ever-higher interest charges."</p>

<h4>Printing money like there's no tomorrow</h4>

<p>The only alternative Washington has is to pay its bills with cheaper dollars.  In fact, the Federal Reserve has been doing its part by printing money like there's no tomorrow.</p>

<p>To put it into perspective, the Fed increased bank reserves by an unparalleled $73 billion in an extraordinary three month period before the Y2K scare.  That was only 1/14<sup>th</sup> as large as what they have just done!  In the days following 9/11, the Fed again flooded the banks with liquidity, $40 billion by September 19th.  But, that was only 1/25th as big as what they've just done. More on the effect of this in a minute!</p>

<div class="inset">
<p>Time honored tradition of debasing currency</p>

<p>While the new terminology may be quantitative easing or money printing hedging, currency has been debased throughout history when countries can't pay their debts.  Think of the Roman Empire, British Empire and the Russian Empire.  It took 4.2 German realmarks to buy one U.S. dollar at the start of World War I and three trillion realmarks to buy one in August 1923.  In 1933, Franklin Roosevelt devalued the dollar by 75% simply by raising the official price of gold.  And, more recently, similar currency devaluations have occurred in Argentina, Brazil, Indonesia, Zimbabwe and other countries around the world.</p>
</div>

<p>This is why the dollar...your dollar…has plunged 40% in value.  THIS is why the price you pay for just about everything has increased and will continue to do so.</p>
 
<p>Back to the effect earlier explosions in the supply of the dollar...after the Y2K effect, the rare coin market saw a mild drop in value through 2001 and then experienced the biggest rise in value we have ever witnessed. Beginning in mid-2009 the rare coin market saw decreases off of those highs and have begun to rise again. Given the HUGE increase in the supply of dollars, I believe we are at the precipice of a rise by epic proportions.</p>

<h4>China Central Bank governor says dollar should be replaced by new global reserve currency</h4>

<p>Washington now owes $7.9 trillion to foreign investors and governments (mostly Asian) according to the U.S. Treasury Department.  Since that debt is now worth 15% less than just seven months ago, as is the interest on the debt, it is not surprising that foreign lenders are not pleased.</p>

<p>China, the largest holder of U.S. debt, has announced repeatedly its concerns about the U.S. Dollar.  Zhou Xiaochuan, governor of the China Central Bank, says "The costs of a dollar-dominated system to the world may have exceeded its benefits.  The dollar should be replaced by a new global reserve currency."</p> 

<p>China's commerce ministry spokesman Yao Jian just told reporters while the U.S. President travels in that country: "It is necessary to create for enterprises a stable and predictable environment, including (stable) economic and foreign exchange policies, to help the global economy grow steadily and China's exports recover."  While the U.S. administration says Washington is not at fault, the commerce ministry spokesman added that the United States had "continued" to let the dollar drop "to improve its competitiveness" while pressing for the yuan's appreciation.  "It is detrimental to the global recovery and is unfair for (the U.S.) to require other (currencies) to rise while allowing the dollar to keep slumping."</p>

<p>Members of the G-20, the International Monetary Fund and the World Bank have called for the dollar to be replaced as the world's reserve currency.  And, the United Nations has recommended a "global currency [that] would be backed by a basket of currencies of all the members."</p>  

<p>We have entered an entirely new uncertain economic era.  One thing is for sure, however.  You must protect yourself!</p>

<h4>We're witnessing a paradigm shift in the way the world economy operates</h4>

<p>We're witnessing a change in the way the world economy operates.  We are now in a period of asset deflation and debt payback that has major implications, not only for the economy, but for financial markets in the years ahead.  The tangible assets in your portfolio will be extremely important in the months and years to come.</p>

<p>Most of my wealthiest clients are aggressively seeking unencumbered investments. Gold in its various forms is the only unencumbered, time-tested asset on the face of the earth.  Numismatic quality gold coins can provide the following important aspects to your portfolio...</p>

<ul>
<li>Diversification. Investment professionals recommend ten to twenty percent of an investment portfolio be devoted to tangible assets like gold coins as a hedge against inflation and protection in times of economic upheaval</li>
<li>Security. Gold coins possess the security and intrinsic value of bullion…and the government will never have to bail out gold.</li> 
<li>Privacy. Gold coins are a true storage of portable wealth that you can have in your own possession.</li> 
<li>Certification. Numismatic quality gold coins are certified by the Numismatic Guaranty Corporation and safeguarded in a protective holder designed exclusively by them.</li> 
<li>Liquidity. There are abundant opportunities to easily liquidate gold if the time comes.</li>
<li>Profitability. While all other asset classes collapsed in the past years, gold continues to skyrocket, and many economic analysts are now projecting much higher prices in the very near future.</li> 
<li>Simplicity. Gold coins are essentially management-free, that does not require daily buy/sell decisions or monthly statements to decipher.</li> 
<li>Rarity and History. Gold coins are unique works of art and pieces of history providing a time tested asset class.</li>
</ul>

<h4>It's time for action!</h4>

<p>The plunge in the dollar's value we've seen so far is only a drop in the proverbial bucket I'm afraid.  From what we've already experienced, we're likely to see the dollar devalued and wealth diminished to an even greater extent in 2010, 2011 and beyond.  Your standard of living and quality of life are being threatened.  Even if the budget of the U.S. government was balanced today...generated surpluses every year from now on ... and paid down its debt at a rate of $100 million per day… it would take 3,446 years for the United States to pay what it already owes!</p>

<p>I know it's a lot to think about!  But, in this turbulent and uncertain economic environment, the need for a well diversified portfolio is increasingly obvious.</p>
 
<p>I invite you to follow-up with us personally for a one-on-one portfolio review and consultation with a member of Monaco's professional investment staff.</p>

<p>Call us right now toll-free at <span class="telephone">&#123;embed="inc/DisplayPhoneNum"&#125;</span> for a thorough and objective review of the hard asset part of your portfolio. If you do not yet have hard assets as a hedge against a devaluing dollar, increased risk of inflation or other unforeseen economic turmoil, then now is the time start. Our mission is to educate and assist you so you can begin or enhance the rare coin portion of your portfolio, as well as preserve and grow your capital.  That's what we do for our clients every day.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>2009 American Buffalo 1 oz. Gold Coins &#45; NGC Certified &#8220;Early Release&#8221;</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/2009-american-buffalo-1-oz-gold-coins-ngc-certified-early-release/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.448</id>
      <published>2009-10-09T21:56:58Z</published>
      <updated>2009-11-08T03:29:59Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline"><small>by Adam Crum</small></p>
                <p>Monaco Rare Coins has just acquired a small cache of the highly
                  anticipated &#8220;Early Release&#8221; American Buffalo 24
                  karat 1 ounce gold coins. Due to the extreme popularity of
                  this coin since its release in 2006, the mint was forced to
                  mint coins bearing the date of 2009, which was initially thought
                  not to be a possibility.</p>
                <div style="margin: 1em 0; text-align: center;"><img src="../../../images/uploads/2009-american-buffalo.jpg"  alt="2009 American Buffalo 1 oz. Gold Coins - NGC Certified Early Release" width="550" height="254" />
                  <p class="caption">Obverse and reverse of the American Buffalo
                    24-kt gold bullion coin. <br />
                    <em>NOTE: 2008 mintage shown, as 2009 image not available
                    at press time.</em></p>
                </div>
                <p>Since the first coins are not to minted and delivered until
                  October 15th, it doesn&#8217;t take an MIT Mathematician to
                  understand that the 2009 issue will be very limited. These
                  beautifully-designed coins are a remake of the 20th century
                  classic Buffalo Nickel, one of the most collected coins by
                  date and mint-mark of all U.S. coins. It is due to this popularity,
                  and the current gold bull market, that ensure these beautiful
                  gold coins will not last long.</p>
                <p>Call today and secure your limited edition of this American
                  Gold Classic!</p> 
      ]]></content>
    </entry>

    <entry>
      <title>Large&#45;Sized United States Currency &#45; Red Alert Buy Signal!</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/large-sized-united-states-currency-red-alert-buy-signal/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.447</id>
      <published>2009-09-23T18:26:16Z</published>
      <updated>2010-07-01T22:58:17Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>
              <p>The United States Large-Sized paper currency market is heating
                up after a reprieve from the from the highs of April 2008. Across
                the board, most type notes of these important rarities have been
                off an average of 25%, which is incredible when considering that
                most markets are still off some 40% or more, and that&#8217;s
                with the Dow surging 40% off its lows. This is strong evidence
                that supports what I have known for decades, and that is, rarities
                are a tremendous storage of wealth.</p>
              <p>I have spent countless hours for the past year reading up on,
                watching inventories, sitting in auction rooms, wining and dining
                key players, talking with sophisticated collectors, buying and
                selling the high end of large-sized notes; and all of this has
                lead to me this conclusion:</p>
              <p style="text-align: center;" class="u"><strong>Now is the time to buy this
                  growing and exciting market!</strong></p>
              <p>With most notes trading off their highs, there are some tremendous
                bargains to be had, especially in the high-end material. These
                notes were rare before the financial markets collapsed, and they
                are rare now. Industry projections are extremely bright, as the
                collector base is expected to double in the next 7-10 years.</p>
              <h4><strong><em>The fact is this: you can't make any more of the
                    material and the demand is growing&#8230;you know the rest.
                    Fixed supply, growing demand&#8230;the rest is easy!</em></strong></h4>
              <p>While I have always loved the art and beauty of paper currency,
                and have from time to time indulged myself by adding notes such
                as early Colonial notes all the way through to uncut sheets of
                the recent $2 notes of today to my collection. I have never jumped
                into the trenches and traded with pros, like I have with coins
                for over twenty years.</p>
              <p>But rest assured, I have done my homework. In mid-2008, I started
                buying and selling within the wholesale market to test a number
                of factors. I wanted to learn what are the most popular, most
                rare and most liquid notes. All factors which can only be learned
                by jumping in and making a few mistakes&#8230;and yes, I made
                a few, but what I learned was well worth the investment. The
                mistakes were few, but the successes were many&#8230;and that
                is why I am now putting out a <strong class="redalert">Red Alert</strong> to
                the market to buy Large-Sized United States Currency Notes.</p>
              <p>Why now? Because I have witnessed the following over the past
                two months:</p>
              <ul>
                <li>One of the largest and oldest companies in the rare coin
                  and currency markets&#8212;who got out of currencies in late
                  2007&#8212;has recently jumped back into the game in a big
                  way!</li>
                <li>The past three auctions I attended saw much higher sell rates
                  on items offered, AND, prices have firmed with each passing
                  sale.</li>
                <li>The most respected dealer, one who I have cultivated a great
                  relationship with, has seen his collector/investor sales jump
                  some 40% in the past quarter.</li>
              </ul>
              <p>The bottom line: the tide has turned and I expect prices to
                recover to early 2008 prices in the next quarter. In fact, I
                expect many of the most popular notes to exceed those levels.</p>
              <p>But wait&#8230;before you say, &#8220;okay, I am convinced&#8212;I
                want to start building a collection,&#8221; I think it is important
                to understand the demographics of those who are already collecting.
                Where is this demand coming from, and who is already at the party?</p>
              <p>The biggest reason I started down this path in the first place
                was because I asked the above question. And the answers I discovered
                after reviewing industry studies were overwhelming:</p>
              <ul>
                <li>There is a high cross-over from rare coin collectors to rare
                  currency collectors.</li>
                <li>Those who do collect currencies tend to be higher income
                  earners and are younger than the average coin collector.</li>
                <li>They have a higher level of interest in more traditional
                  investments, like stocks and bonds, and their portfolios are
                  larger than the average coin collector.</li>
                <li>They possess a high level of education.</li>
                <li>And, as with coins, they have a keen interest in pursuing
                  investigations into history and the arts. </li>
              </ul>
              <p>The one consistent trait I have discovered in my years with
                high-end coin collectors, and the evidence is that high-end currency
                collectors too, are highly intellectual people seeking to improve
                their understanding of money in today&#8217;s world by collecting
                and understanding money of years gone by. Whether intentionally
                or not, the collecting of money teaches us a lot about how to
                preserve and earn more wealth&#8212;two things in which I have
                a high level of desire.</p>
              <p>These are all traits of individuals whom I believe to be the
                kind of people to associate. I believe it can serve to enhance
                our lives by collecting objects such as these beautiful rare
                notes&#8230;and right now, I believe this represents an excellent
                opportunity to acquire notes at discounted levels.</p>
              <p>If you are convinced, here is a special offer which can serve
                to help you discover this exciting opportunity with a very small
                initial investment. I have gone into the market for the past
                six months and acquired every 1899 $1 Silver Certificate, better
                known as &#8220;Black Eagle Notes,&#8221; in choice to gem uncirculated
                condition that I could find, and will continue to do so.</p>
              <div style="text-align:center; margin: 1em 0;"><img src="http://www.zoomcoin.com/images/uploads/blackeagle.jpg" alt="1899 $1 Silver Certificate, better known as Black Eagle Notes" /></div>
              <p>These &#8221;Black Eagle&#8221; notes are not only beautiful,
                they are also one of the most popular notes available, as evidenced
                by their #16 listing in the book, <strong><em>100 Greatest American
                Currency Notes</em></strong>, by the greatest living numismatic
                scholar, Q. David Bowers.</p>
              <p>I think these notes are an excellent value, and most are valued
                at well under $1,000. But with the market expected to more than
                double in the next 7-10 years, they have a very bright future
                for price appreciation.</p>
              <img src="http://www.zoomcoin.com/images/uploads/100greatestcurrencybook.jpg" alt="100 Greatest American Currency Notes" style="float:right; padding-left:15px; padding-bottom:10px;" />
              <p>Here is the special offer I have for you to get started: Call
                today and make an acquisition of one of these beautiful &#8220;Black
                Eagle&#8221; silver certificates and I will send you a FREE 100-year-old,
                uncirculated Morgan Silver Dollar. But that's not all&#8230;to
                help educate you on this exciting world of rare paper currency,
                I will also send you a FREE copy of Q. David Bowers&#8217; beautifully
                illustrated book, <strong><em>100 Greatest American Currency
                Notes.</em></strong></p>
              <p>Don&#8217;t hesitate, I only have a couple a dozen of these
                beautiful notes and they won't last long. Call your Monaco Account
                Representative, or if you want to discuss a larger position,
                I will be happy to talk with you myself. Call us today at <span class="telephone">&#123;embed="inc/DisplayPhoneNum"&#125;</span>.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>MS65 Humbert Reeded Edge $50 Gold Ingot Sells for $600,000!</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/ms65-humbert-reeded-edge-50-gold-ingot-sells-for-600000/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.446</id>
      <published>2009-09-16T22:49:38Z</published>
      <updated>2010-07-01T22:58:39Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <img src="http://www.zoomcoin.com/images/uploads/ms65-humbert-reeded.jpg" alt="MS65 Humbert Reeded Edge $50 Gold Ingot" style="float:right; padding-left:15px; padding-bottom:10px;" />

<h4>One of the 100 Greatest U.S. Coins</h4> 

<p>Q. David Bowers, the most prolific author in the field of numismatics, named it &#8220;the signature coin of the California Gold Rush.&#8221;  It is number thirty-five in <em><span class="u">The 100 Greatest U.S. Coins</span></em> and will be featured in the upcoming book by Adam Crum entitled <em><span class="u">TGold Coins and Ingots of Augustus Humbert: U.S. Assayer of San Francisco, 1849-1859.</span></em></p>

<p>The Augustus Humbert $50 gold ingots, as they were legally termed (known today
  as &#8220;slugs&#8221;), are unique due to their size, octagonal shape and California Gold
  Rush provenance. They represent an expanding area of numismatics that remains
  an undervalued segment of the rare coin market.</p> 

<h4>Humbert ingot a special example of territorial coinage</h4>
<p>One of the many challenges created by the fast and furious arrival of thousands of people to the California Gold Rush was insufficient coinage to conduct simple, mundane financial transactions.  Weighing gold dust and nuggets was often inaccurate and coins issued by the U.S. government were utilized primarily for banking, gambling and paying customs; not ordinary business.  Private minters quickly filled the void, even though they were prohibited to do so by the United States Constitution.  However, people soon discovered that what these private minters had to offer was also suspect, since the value marked on one of their gold coins wasn&#8217;t necessarily a function of its gold content.</p>  

<p>Then in 1851, Congress authorized Moffat &amp; Company, under the direction of
  official Assayer of the United States Augustus Humbert, to strike substantial
  eight-sided ingots of pure gold as legal tender. Charles C. Wright was commissioned
  to engrave the original dies that Humbert carried with him to California. Humbert
  arrived in San Francisco on January 30, 1851 and the first fifty-dollar coins
  of nearly 2.75 troy ounces of 887 gold were issued on February 14th.</p>

<div style="text-align:center; margin: 1em 0;"><img src="http://www.zoomcoin.com/images/uploads/1851humbert.jpg" alt="Humbert Reeded Edge $50 Gold Ingot" /></div>

<p>Humbert ingots continued to be struck in 1852 under the authority of both the United States Assay Office and its successor, the United States Assay Office of Gold.  Variations in the ingots over that two year period are found in the edges (lettered and reeded), reverse designs and/or fineness of the gold content.  Because they were technically ingots and not coins, they were not required to be of the same 90% purity as federal gold coins.  Consequently, the Humbert ingots can be found in finesses of .880, .884, .887 and .900.  Some varieties required as many as 14 steps to produce a single coin.</p>

<h4>Subtle details and history combine to make the Humbert coins highly desirable</h4>
<p>The Humbert coins are a unique example of territorial coinage and represent what many would consider the most fascinating period in the history of California.  In addition to their place in history, the subtle details of the Humbert coins also add to their desirability.</p>
<ul>
<li>Prior to the staggering gold discoveries in California, along with the highly inflated Western economy, there hadn&#8217;t been a need for such a large gold coin.</li>
<li>Charles Cushing Wright, probably the most skillful medal engraver of the era, artfully rendered the design of an eagle perched on a rock with a scroll in its beak, clutching a shield, a group of arrows and an olive branch.</li>
<li><strong>Uniqueness.</strong>  A handsome engine-turned spiral decorates the reverse (with either a target in the center or the number &#8220;50&#8221;), a design that connects the coins in a very personal and unique way to Augustus Humbert, who was a watchmaker in New York City prior to his position as assayer.</li>

<li><strong>Rarity.</strong>  The mass melting of early gold rush era coinage,
  a function of new U.S. government issued coins being struck at the new San
  Francisco Mint, contributed to making the Humbert ingots rare. According to <em><span class="u">The
  100 Greatest U.S. Coins</span></em>, &#8220;although thousands of United States
  double eagles were found in the wreckage of the steamer <em>SS
  Central America,</em>  very few fifty-dollar &#8216;slugs&#8217; were discovered (13), most of which were Augustus
  Humbert issues.&#8221;</li>
</ul>

<h4>Renowned numismatist calls Humbert coin a beautiful object in and of itself</h4>
<p>Perceiving it to be an excellent value at $600,000, Mark Salzberg, one of the most sophisticated numismatists in the world, recently purchased the Augustus Humbert ingot from Monaco Rare Coins.  The coin is described as:  &#8220;Augustus Humbert. $50 Gold. Reeded Edge. K-5. Rarity-5. 880 THOUS. MS-65 * (NGC), boasts a combined PCGS and NGC Population (1851 $50 Reeded Edge, 880 THOUS variety only) of just 1; 0 finer.&#8221;</p> 

<p>Mr. Salzberg, who is Chairman of the Numismatic Guaranty Corporation (NGC) and Numismatic Conservation Services (NCS), stated that &#8220;This was the most memorable coin I have graded all year, a true pleasure to see such an original coin with original luster. &#8221; Salzberg was named American Numismatist Association&#8217;s 2006 Numismatist of the Year in recognition of his overall devotion and dedication to the American Numismatics Association and numismatics.</p>

<p>The rarity, quality and historical significance of the Humbert coin purchased by Mr. Salzberg make it a coin or ingot that even the most experienced numismatists may only be privileged to see a few times in their lives.  For more information about these exciting and undervalued rarities, please contact Monaco Rare Coins at <span class="telephone">&#123;embed="inc/DisplayPhoneNum"&#125;</span>.</p>

<h4>Gold Coins make more sense than ever</h4>
<p>Gary Dugan, chief investment officer for Merrill Lynch Global Wealth Management, commented in London&#8217;s Daily Telegraph that: &#8220;It is amazing how many clients want physical gold. They are so worried; they want a portable asset in their house. The metal should do well whatever happens. If deflation sets in&#8230;it will serve as a safe-haven, but if massive monetary stimulus gains traction and sets off inflation once again it will also come into its own as a store of value. It&#8217;s win-win either way.&#8221; 
Precious metals and commodities specialist Jim Sinclair says that as the dollar falls, gold will be &#8220;going to the moon.&#8221;</p>

<p>With more and more investors seeking unencumbered investments, gold, more particularly rare gold, looks more desirable than ever. Gold is the only unencumbered, time-tested asset on the face of the earth.  It provides overall portfolio protection because of&#8230;</p>

<ul>
<li><strong>Diversification.</strong> Gold can reduce overall risk and creates the ultimate hedge against inflation.</li>
<li><strong>Security.</strong>  Gold coins possess the security and intrinsic value of bullion&#8230;and the government will never have to bail out gold.</li>

<li><strong>Privacy.</strong> Gold is a portable storage of wealth that can be kept secure in a private vault.</li>
<li><strong>Certification.</strong>  Quality rare gold coins are certified by the Numismatic Guaranty Corporation.</li>
<li><strong>Liquidity.</strong> There are many ways to easily liquidate gold.</li>
<li><strong>Profitability.</strong>  Many economic analysts are predicting higher prices for gold, and rare highly collectible gold coins, similar to works of art, are in a class by themselves.</li>
<li><strong>Simplicity.</strong> Gold does not require daily buy/sell decisions or monthly statements to decipher.</li>

<li><strong>Rarity and History.</strong>  Numismatic quality rare gold coins are unique and a very tangible representation of our historical heritage.</li>  
</ul> 
      ]]></content>
    </entry>

    <entry>
      <title>A Western Assayer of the Mark Twain Period</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/a-western-assayer-of-the-mark-twain-period/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.445</id>
      <published>2009-09-08T22:28:28Z</published>
      <updated>2009-11-08T04:01:29Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline"><small>by Fred N. Holabird</small></p>
              <h4>Introduction</h4>
              <p>Conrad Wiegand was a boisterous man who was born in Philadelphia,
                worked for the US Mint, and came to the California Gold Rush
                in the early 1850&#8217;s. He went to work for the US Branch
                Mint in San Francisco at or near its inception in 1854.</p>
              <p>Wiegand was small in stature, but big in ideas, and even stronger
                still in his opinions. He was a devoutly religious person who
                saw such injustice in the world that he undertook the publishing
                of his own newspaper&#8212;two of them, in fact. His other passion
                was the metals question, particularly his political stance generally
                held by most miners that money should be in the form of circulating
                hard specie&#8212;gold and silver coinage and ingots. Wiegand&#8217;s
                outspoken nature repeatedly got him into trouble, especially
                during his life on the Comstock. He was severely physically assaulted
                and beaten twice, which endeared him to the likes of Sam Clemens.
                As he advanced in age, his mental troubles worsened. Ultimately,
                his life ended in a hangman&#8217;s noose at the age of fifty
                in Virginia City.</p>
              <p>A number of his precious metal ingots exist today as testimony
                of his work as a mainstream western assayer. These include nearly
                every phase of gold, silver and copper bullion in which Wiegand
                worked, as well as examples of items used to promote monetary
                specie.</p>
              <div style="text-align:center;"><img src="http://www.zoomcoin.com/images/uploads/cwiegand.jpg" alt="Conrad Wiegand Ingots" /></div>
              <h4>Background</h4>
              <p>Conrad Wiegand shared with friends in Virginia City that he
                was born in Philadelphia in March, 1830. His father was John
                Wiegand, a one-time banker and later surgical instrument manufacturer.
                His brothers included a pharmacist (Thomas) and an inventor (George).
                The family lived in Philadelphia. Conrad, however, soon disappeared
                from the written historical record of Philadelphia and all American
                census data.</p>
              <p>In an interview later in life, Wiegand said that he &#8220;entered
                the assay department of the Philadelphia Mint on $1 a day for
                wages.&#8221; Wiegand apparently trained for several years at
                the Philadelphia Mint, and mention was made that he worked in
                New York as well, probably for a private assaying firm.</p>
              <h4>Wiegand Appointed Assayer, Branch Mint, San Francisco, 1854</h4>
              <p>In 1854 he was appointed by President Pierce to the Branch Mint
                at San Francisco as Assayer. By his own admission, he returned
                to the east coast shortly after to run the New York New Boys
                Club, then left that job to study for the ministry. Unsuccessful
                with the Boys Club, he worked for a stint at the Brooklyn Naval
                Yard. President Abraham Lincoln subsequently appointed him as
                assayer to the Branch Mint in San Francisco once again. Working
                again in San Francisco, he soon published an opinionated pamphlet
                promoting the use of gold and silver as circulating specie.</p>
              <p>As one of the original presidential appointees of President
                Pierce for the US Branch Mint at San Francisco when it opened
                in 1854, Wiegand held special status. Information on this early
                period is scant. By 1855 he held the position with the Branch
                Mint as Assayer, though this may be near the time that he returned
                to New York for a short while. While working there, his naturally
                boisterous and vociferous nature came to the forefront almost
                immediately, particularly when the Vigilance Committee was formed
                and action later taken. Wiegand gave a public speech, reported
                October 12, 1856 on the moral aspects of the Casey matter. He
                also published at least one article under the pseudonym William
                Carroll. </p>
              <p>Wiegand was right in the middle of the 1856 Vigilance Committee
                fracas after James King of William was assassinated by James
                Casey. These events shaped his life forever, and more importantly,
                probably helped save his own life a decade later when a possible
                assassination attempt was made on his own life by John B. Winters.
                Perhaps the main way in which the James King of William Vigilance
                problem affected Wiegand was the power of and the use of a free
                press. In the same manner as James King of William assailed corruption,
                fraud among politicians and businessmen in San Francisco, Wiegand
                did the same later in Gold Hill against the powerful Bank of
                California. Indeed, in a strong paper published after the death
                of James King of William, it was noted that &#8220;he has died
                a martyr to Freedom of Speech.&#8221; This period of Wiegand&#8217;s
                life set the stage for his future work: as an assayer and as
                a humanitarian speaker and religious leader, probably stemming
                from his upbringing and family&#8217;s roots in Germany.</p>
              <p>Wiegand traded jobs within the Mint system several times, perhaps
                typical of many jobs today, where one changes positions within
                a specific company for the express purpose of learning all aspects
                of the business. In this regard, when Wiegand became Coiner in
                about 1860, he was given the opportunity to learn even more about
                the assay, gold and coining business.</p>
              <p>Wiegand was present for the troubles at the San Francisco Branch
                Mint in 1856 when charges were brought against A. Haraszthy for
                embezzlement. However, once it was learned that the Mint had
                been under tremendous pressure to process gold shipments at record
                rates of production never before seen in America, Haraszthy was
                exonerated. The losses were simply a result of fast and furious
                throughput in the Mint, and the dust exhumed from the Mint&#8217;s
                chimneys found on neighboring rooftops carried much of the missing
                gold. Under these extreme circumstances, Wiegand would have learned
                how to handle the toughest jobs under pressure. It may also have
                been the first event in his life that placed tremendous stress
                and burdens upon his mind that may have later led to his undoing.</p>
              <h4>Wiegand Starts Politicking President Lincoln, 1861-2</h4>
              <p>In February, 1862, Wiegand wrote to President Lincoln in Washington.
                He had tried unsuccessfully to use an end-around method to take
                charge of certain affairs in the Assay department at the San
                Francisco Mint by trying to gain authority from Lincoln to hire
                and fire staff in the assay department whom he did not approve
                of. Wiegand tried to fire Jackson Snyder, but Branch Mint Superintendent
                Stevens instead terminated James Mars, who was Wiegand&#8217;s
                apparent right hand man in the Assay department. The letter shows
                a clear serious disagreement between Branch Mint Superintendent
                Stevens and Wiegand, but Wiegand felt the matter of such importance
                and &#8220;to the integrity of our National Coinage&#8221; that
                he wrote Lincoln, bypassing the established chain of command.</p>
              <p>President Lincoln must have taken heed, because Superintendent
                Stevens was subsequently compelled to write a lengthy letter
                to Lincoln days later justifying his actions and further stating
                that Wiegand&#8217;s letter was part of a &#8220;persistent system
                of attack which this singular person has kept up against me for
                months.&#8221; Stevens noted that Wiegand was &#8220;removed
                at the close of 1857 for extraordinary and unofficerlike conduct&#8212;indeed
                it was the common report at the time that he was insane.&#8221; Indeed,
                in Haraszthy&#8217;s defense of the embezzlement charges, &#8220;the
                counsel for the defense strenuously urged the unfitness of Wiegand
                for the position from (claiming) unsoundness of the mind, and
                the consequent unreliability of the assays by which the bullion
                was charged to the Melter and Refiner.&#8221; Wiegand was reinstated
                in June, 1858. Stevens wrote Lincoln that Wiegand&#8217;s behavior
                was so bad, and his &#8220;insidious inciting&#8221; of other
                officers of the Mint against him, that he asked Secretary of
                the Treasury Salmon P. Chase to prefer charges and remove him.
                Stevens was subsequently given authorization to remove him. Stevens
                wrote in a post script in April that Wiegand was minding his
                own business and doing his job satisfactorily. Wiegand agreed
                to obey orders, but was removed in October, 1861. Stevens went
                on to write that Mars was removed because he was &#8220;one who
                thinks the South should be left alone.&#8221;&#8230;  &#8220;Mr.
                Snyder is a northern man.&#8221;  Wiegand was later reinstated,
                perhaps because the Mint could not find a suitable replacement.</p>
              <p>Wiegand continued to correspond with Lincoln, in both writing
                letters of recommendation for various people, and in a request
                for a personal audience. Ultimately, Wiegand resigned his position
                at the San Francisco Branch Mint in December, and Lincoln was
                notified December 14, 1863.</p>
              <h4>Wiegand Starts New Era in Nevada, 1863-1864</h4>
              <p>Conrad Wiegand immediately went to work at the newly constructed
                huge mill of the Gould &amp; Curry Gold &amp; Silver Mining Company
                located at the intersection of Six and Seven Mile canyons about
                a mile below Virginia City. The Gould &amp; Curry had struck
                a bonanza ore deposit in 1862-3 which vaulted the Company into
                becoming the leading producer of gold and silver in America.
                A new mill was built to handle the ore, and the Company was so
                big at the time that it employed about a third of the local work
                force. Louis Janin, the mine and mill superintendent, must have
                been happy to have one of the key assayers from the Branch Mint
                helping manage the company&#8217;s operations. Wiegand had been
                recommended by Thomas Starr King of San Francisco, the brother
                of James King, of William, assassinated in 1856. But Janin, a
                well trained mining engineer of the Freiberg School of Mines,
                was a tough taskmaster, and probably did not tolerate Wiegand&#8217;s
                antics. Regardless of Wiegand&#8217;s behavior, there was a problem
                at the mill in late 1865, and Wiegand may have been subject to
                layoff. This is perhaps best evidenced by a letter Janin wrote
                to Gould &amp; Curry President Alpheus Bull that there was a &#8220;bullion
                shortage at the mill&#8230; due to the long stoppage at the mill&#8230;I
                have been unwilling to engage outside mills.&#8221;  This would
                have precipitated a major employee layoff as a cost-saving measure,
                even if temporary.</p>
              <p>Wiegand&#8217;s job with the Gould &amp; Curry lasted only a
                few months. With business booming on the Comstock, Wiegand went
                into business for himself. At that time he must have decided
                to open his own assay office on the Comstock, and began preparations
                to relocate to Gold Hill, Nevada, just south of Virginia City.</p>
              <h4>The Gold Hill Assay Office, 1865</h4>
              <p>Wiegand opened the Gold Hill Assay Office on May 14, 1865. He
                scheduled the official opening for June 1, but the Virginia Daily
                Union reported the earlier opening. Wiegand was financed by the
                Bank of California through his friend William Chapman Ralston,
                whom he had befriended in San Francisco. Ralston&#8217;s agent
                on the Comstock was William Sharon, who had full charge of all
                the affairs of the Bank in the Virginia City region. Sharon had
                tight control over Comstock mines and businesses. This control,
                and conflicts created by competing business interests, would
                soon work against Wiegand.</p>
              <p>Wiegand took on a partner a few months after he opened the Gold
                Hill Assay Office, W. T. Rickard. Apparently Rickard also may
                not have been able to tolerate Wiegand&#8217;s antics, and left
                for the employ of Van Wyck &amp; Co., assayer competitors who
                held the Savage Mine contract. Coincidentally, Wiegand&#8217;s
                business failed. The insolvency affected Wiegand, and he swore
                that he would never again go through such humiliation.</p>
              <p>The insolvency was not due to normal debt. William Sharon showed
                up at Wiegand&#8217;s Assay Office one day without notice with
                a Sheriff in tow, and demanded immediate repayment of the loan
                which was about $19,000. Wiegand was unable to comply, especially
                on no notice. Sharon had the Sheriff seize most or all of Wiegand&#8217;s
                assay equipment. Within a couple of weeks, Wiegand was able to
                secure private financing, but suffered from financial harm while
                closed. The reason behind the seizure may have been competition
                with some of Sharon&#8217;s friends, not atypical of Sharon&#8217;s
                behavior as Bank manager. Regardless, the episode shaped Wiegand&#8217;s
                future business affairs and steered him toward helping the plight
                of small miners and businessmen. It was the foundation and the
                inspiration behind the People&#8217;s Tribune, which he published
                a few years later. By the beginning of 1866, the Gold Hill Assay
                Office was once again in operation, and Wiegand had brought in
                A. S. Edwards as a partner.</p>
              <p>When Wiegand opened the Gold Hill Assay Office, his competitor
                was Harvey Harris, who may have had more work than he could handle.
                Harris was a successful well-known western assayer who got his
                start in the California gold rush with Kellogg &amp; Co. and
                the US Assay Office, and later for the assay firm of Justh &amp; Hunter.
                He had come from the New Orleans Branch Mint, and after the Branch
                Mint at San Francisco opened in 1854, he moved into the Melting &amp; Refining
                Department. In late 1855 Harris and Desiree Marchand opened assay
                offices in Sacramento, San Francisco and Marysville. The firm
                is perhaps best known today for their beautiful gold ingots recovered
                from the wreck of the SS <em>Central America</em> which sank
                in 1857. Harris, in tune with the latest gold and silver rushes,
                opened offices in Carson City and Aurora in 1861, some of the
                earliest assay offices in the Territory, if not the first. The
                Comstock so enthralled Harris, that in 1863 he sold his interest
                in his firm of Harris &amp; Marchand to his partner and moved
                to Gold Hill.</p>
              <h4>The Circulating Specie Push</h4>
              <p>During the early phases of his western career as assayer, Wiegand
                began a long period of openly politicking for specie payments.
                The Federal Government was making a strong move to sell the American
                People on the use of greenbacks, and the possibility arose that
                the Fed might demonetize silver and perhaps gold, which set the
                western miners and businessmen on their heels. Paper currency,
                known as &#8220;greenbacks&#8221; because of their colorful green
                backsides, were so despised in the West that newspapers regularly
                published advertisements by merchants offering to buy them at
                discounts up to fifty percent. The feeling among the Western
                miners and merchants was that miners produced all this new money,
                and they wanted to be paid in it, not some paper replacement.
                In their minds, the paper currency was worthless, as proven by
                the many broken and failed banks in the East during the three
                decades preceding the establishment of the San Francisco Branch
                Mint which left depositors with piles and wallets full of worthless
                paper that had never been backed by gold or silver. Paper currency
                issued and distributed by San Francisco banks during the gold
                rush also proved to be worthless. This experience drove home
                the uselessness of paper currency to western miners, and they
                wanted nothing to do with it whatsoever.</p>
              <p>Wiegand was a continuous pusher of precious metals as a medium
                of exchange. He gave many speeches, first in San Francisco while
                under the employ of the US Branch Mint, then in Gold Hill and
                Virginia City where he operated his own assay offices. He used
                the power of free speech and freedom of the press to further
                his agenda of specie circulation. These speeches set the stage
                for the issuance of a number of gold ingots which he used as
                money in late 1865 and early 1866. In 1866, he made at least
                one pure monetary gold ingot - a gold ingot with a face value
                of $20.00. As circulating specie, this ingot exactly fit the
                needs of the daily businessmen with whom he was acquainted, including
                William Ralston, a friend, and president of the Bank of California.
                With a serious shortage of circulating specie, Wiegand proposed
                more metals be circulated in the public sector. If the Federal
                Government couldn&#8217;t do the job, private industry could.</p>
              <p>His personal slants on religion also came back into the limelight,
                and he became a Rector for the Humanitarian Christian Society
                in January 1868, though he resigned two months later. His main
                concern was for the plight of the small miner and businessman,
                many of whom were overrun by big business interests. The press,
                controlled in large part by the Bank of California, suggested
                Wiegand was crazy and some of the public bought into the idea,
                though those that knew him said otherwise.</p>
              <p>Wiegand continued to make small ingots for presentation, prizes,
                and so forth. Indeed, he may have been the most prolific of the
                Comstock assayers to do so since there are nearly twenty known
                specimens remaining of which there is direct knowledge. One of
                these ingots, which is well documented but has not been located,
                was given by Wiegand to Sam Clemens (Mark Twain) in 1868 on the
                occasion of Clemens&#8217; second lecture in Virginia City. Clemens &#8220;was
                yesterday made the recipient at the hands of Conrad Wiegand,
                the well known assayer, of a very beautiful and highly polished
                silver brick, worth some $40. The Brick bears the following inscription: &#8220;&#8216;Mark
                Twain&#8230;.&#8217;&#8221; About ten other ingots, both gold
                and silver, were contained in the famous John J. Ford Collection.</p>
              <h4>Wiegand Becomes Publisher and Assayer, 1870</h4>
              <p>In early 1870, Wiegand began publication of the Peoples Tribune,
                a newspaper he started to further moral issues with the public,
                including the exposure of fraud and scandalous activity on the
                Comstock. Its technical title, People&#8217;s Tribune; Devoted
                to the Betterment of All Things to the Defense of Right and to
                the People paralleled the efforts of the Germans in 1848 and
                later James King, of William&#8217;s San Francisco Bulletin.
                Here, Wiegand used his power of free speech and freedom of the
                press in exactly the same manner as James King of William with
                very nearly the same result. Bank of California interests told
                the people through their voice in the newspapers that he was
                using the Tribune as a &#8220;religious forum,&#8221; but he
                was clearly using it for his political forum for his views of
                maintaining specie payments and the standardization of gold and
                silver in the US monetary system. Rich Lingenfelter and Karen
                Gash summarized the effort: &#8220;To Wiegand, the Tribune was
                a moral mission. It was a crusading magazine, which endeavored
                to become the conscience of Washoe.&#8221; Only six issues were
                printed because of the trouble it caused. A month later, he tried
                to start another paper &#8220;The People&#8217;s Paper&#8221;,
                but its level of success is unknown as no copies survive.</p>
              <p>Just after the People&#8217;s paper began publication, Wiegand
                was seriously physically attacked by Griff Williams as reported
                in the <em>Territorial Enterprise</em> January 14, 1870. Williams
                coldcocked Wiegand, who was preoccupied, carrying an armload
                of papers and headed for his Gold Hill office. Williams repeatedly
                struck Wiegand with his fist from behind and violently kicked
                his head with his boots without provocation. Wiegand at first
                had no idea who hit him. Witnesses came to his aid and Williams
                was later arrested, fined $7.50 and told the judge &#8220;that
                he had been talking about him, and he could not stand it any
                longer.&#8221;  Clemens later claimed any talk of Williams by
                Wiegand was imaginary.</p>
              <p>&#8220;Mr. Wiegand is a weak man, and notoriously non-combative&#8221; wrote
                the editor of the <em>Territorial Enterprise</em> Joseph Goodman.
                Then, a few days later, Wiegand was physically assaulted again
                in what was probably an assassination attempt, this time by John
                B. Winters, the superintendent of the Yellow Jacket Mining Company.
                Winters had asked (Wiegand later stated that Winters demanded
                and ordered his appearance) for a meeting with Wiegand after
                somewhat insulting charges and insinuations were made in the
                Peoples Tribune. Wiegand refused, so Winters went to Wiegand&#8217;s
                office and waited out of sight in the dark and sent Gold Hill
                News editor Phillip Lynch to find Wiegand. Wiegand, soon encountered
                Winters, thinking Lynch was an impartial witness. Winters denied
                what he claimed were the charges in the Tribune and demanded
                a retraction. Wiegand refused, and Winters struck him with a &#8220;cowhide&#8221; several
                times, apparently knocking him silly. The <em>Territorial Enterprise</em> interviewed
                Lynch, who thought the action of Winters was disgusting. Ultimately
                it may have cost Winters his job, as William Sharon, a Board
                member of the Company, and financier through the Bank of California,
                may have decided the behavior was unacceptable, though some have
                suggested Sharon was behind the attack. In July, Wiegand experienced
                another setback when his assay office burned in a terrible fire
                that destroyed most of the local Gold Hill business district.
                It caused Wiegand to temporarily open an office in the Morrill
                building in Virginia City, which subsequently remained open for
                a number of years.</p>
              <h4>Enter Sam Clemens (Mark Twain)</h4>
              <p>Sam Clemens was a friend of <em>Territorial Enterprise</em> editor
                Joe Goodman&#8217;s, as well as most of the Comstock editors.
                At the time of the attacks, he was deep in the throws of writing
                &#8220;Roughing It,&#8221; later published in 1872, a wondrously
                humorous autobiographical work of Clemens&#8217; mining sojourns
                and editorial whimsies and mishaps. Clemens heard of the affairs,
                and was so incensed at their nature, that he published the whole
                mess in the back of the first edition of &#8220;Roughing It.&#8221; A
                short recitation of a few of Clemens&#8217; comments on Wiegand
                well illustrate his sentiments:</p>
              <blockquote>
                <p class="style1">Concerning a Frightful Assassination That Was
                  Never Consummated</p>
                <p><em>If ever there was a harmless man, it is Conrad Wiegand
                    of Gold Hill, Nevada. If ever there was a gentle spirit that
                    thought itself unfired gunpowder and latent ruin, it is Conrad
                    Wiegand&#8230; When I met Conrad Wiegand he was superintendent
                    of the Gold Hill Assay Office&#8212;and he was not only its
                    superintendent, but its entire force. And he was a street
                    preacher too, with a mongrel religion of his own invention,
                    whereby he expected to regenerate the universe.</em></p>
                <p><em>Something less than two years ago, Conrad assailed several
                    people mercilessly in his little </em>People&#8217;s Tribune<em> and
                    got himself into trouble. Straightaway he airs the affair
                    in the </em>Territorial Enterprise<em> in a communication
                    over his own signature, and I propose to reproduce it here,
                    in all its native simplicity and more than human candor.
                    Long as it is, it is the richest specimen of journalistic
                    literature the history of America can furnish, perhaps.</em></p>
              </blockquote>
              <p>Wiegand in the <em>Territorial Enterprise</em> article noted
                how John Winters&#8217; threats were carried out. His assay business
                suffered severely, as other mining companies took their business
                elsewhere, again implicating coercion by Sharon and the Bank
                of California. He described Winters&#8217; direct conversation
                to him about how they were going to kill him, and indeed, he
                was told he would have been killed (&#8220;not permitted to reach
                home alive&#8221;) then and there if he were not quite full in
                the head. Wiegand insisted that Winters was assisted by <em>Gold
                Hill News</em> Editor Lynch, who was in on the scheme from the
                start. Lynch later admitted he was involved, though denied any
                knowledge of an assassination attempt.</p>
              <h4>Wiegand Finds Ways to Reestablish His Assay Business</h4>
              <p>After the Winters attack, Wiegand lost a lot of business. But
                after the <em>Territorial Enterprise</em> article, business slowly
                dribbled back in. Public sentiment eventually went against Winters,
                but Wiegand had to find new ways to gain business. He held lectures,
                taught classes and did most anything in the limelight to draw
                attention to his business.</p>
              <p>In 1873, Wiegand published papers on the refining of copper-based
                precious metals bullion, and it is most likely during this period
                that he produced the few copper-based precious metals ingots
                that survive today.</p>
              <p>During the course of his career, he authored at least one book
                on assaying, and several pamphlets on the specie issues, as well
                as many public lectures on specie and religion, morality, etc.
                He wrote and published a pamphlet for the Money Commission in
                1876, and was said to have greatly assisted Nevada senator John
                P. Jones in his specie arguments on Capitol Hill.</p>
              <p>Always the inventor, as were other members of his family, Wiegand
                patented a new process for slimes and tailings reduction machinery
                in 1874. A few years later he was involved in a new mercury and
                silver separation process.</p>
              <p>In the mid to late 1870&#8217;s Wiegand taught assaying classes
                in Virginia City that included blowpipe analyses and mineralogy.</p>
              <p>But the next few years were devoted to his work and the &#8220;Silver
                Question.&#8221; Feds had proposed to eliminate silver from the
                money issues, and Nevada lobbied and protested vehemently, through
                their newspapers, Congressmen, Senators and business interests.
                Somehow the Centennial year prompted the most action from Wiegand,
                and the local papers were full of his commentaries.</p>
              <p>Tragedy struck Wiegand many times. His daughter died, and her
                husband, an assayer in Eureka Nevada, also died a premature death.</p>
              <h4>An Assayer Dies in the Hangman&#8217;s Noose</h4>
              <p>Wiegand hastened his meeting with his maker on May 31, 1880
                by questionably committing suicide in his office by way of hanging.
                Though there were injuries to the body and blood was found in
                unusual places in his office, his death was ruled a suicide by
                the Storey County Coroner. He was suffering serious debt, though
                his wife felt it was under control. He also suffered fits of
                what he himself considered insanity, and he feared that mental
                condition as an ultimate fate at old age. Sam Dowling, who had
                been working for Wiegand for a number of years, took over the
                business, which retained the name for several years. W. S. James
                later bought the business. Many people thought Wiegand was murdered,
                and the usual suspect was believed to be John Winters. Even <em>Territorial
                Enterprise</em> Editor Goodman thought there was a bit of possible
                tom-foolery in the death. Later journalists, such as Sam Davis
                of the <em>Carson Appeal</em> commented: &#8220;No review of
                early journalism in Nevada would be complete without mention
                of Conrad Wiegand, the most peculiar man who ever tramped the
                trails through the sagebrush. As assayer by profession, he was
                a deep student of the question of metals as a medium of exchange
                and wrote voluminously on the subject.&#8221; Davis noted that
                he was beaten by opponents, while &#8220;most any other editor
                would have had recourse to a six shooter.&#8221;</p>
              <h4>The Wiegand Ingots</h4>
              <p>A number of precious metal ingots remain today as a testament
                to this troubled, yet apparently brilliant man. Perhaps ten different
                silver ingots exist, mostly from the Gold Hill Assay Office.
                A few may have originated from the short-lived Virginia City
                office. At least five gold ingots exist from Wiegand&#8217;s
                Gold Hill Assay Office, all dated 1865 or 1866, which was during
                the initial period of his Comstock assay business, and during
                which time Wiegand pushed the specie in payment issue in preference
                over greenbacks. </p>
              <p>Much has been written of late on Wiegand, but little of it coming
                from detailed research. Wiegand&#8217;s historical record clearly
                demonstrates that he made many presentation ingots including
                one to Sam Clemens. More importantly, he was an outspoken proponent
                of specie as money. He constantly pushed the &#8220;specie as
                money&#8221; concept in the press, in public speeches, in printed
                pamphlets, and in his own newspaper. From his early days working
                for the Branch Mint at San Francisco to his last days on the
                Comstock, Wiegand promoted the use of gold and silver. The $20
                gold ingot from Gold Hill is a lasting artifact and testament
                to Wiegand&#8217;s life.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>Night at the Museum: The New Smithsonian &#8220;Stories On Money&#8221; Exhibit</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/night-at-the-museum-the-new-smithsonian-stories-on-money-exhibit/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.444</id>
      <published>2009-06-23T21:04:37Z</published>
      <updated>2009-11-08T04:14:38Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>
              <p> Several years in the making, the new exhibition of U.S. coins
                and currency titled, &#8220;Stories on Money&#8221;, was unveiled
                June 10, 2009 at the recently renovated Smithsonian National
                Museum of American History. Located on the first floor of the
                museum, the exhibition has a fresh new look dedicated fully to
                numismatics in American history. </p>
              <p>&#8220;Stories on Money&#8221; displays a vast array of items
                from the National Numismatic Collection and walks you through
                time, from Colonial Americana&#8230;the California Gold Rush&#8230;the
                Great Depression&#8230;and finally, to modern America – all pivotal
                events in American numismatics. As I toured the exhibit on the
                day before its grand opening, my thoughts quickly began to compare
                the changes in coin designs over time, and I couldn't help but
                recognize the visible changes in attitudes and philosophy of
                the American people and the government in charge of making these
                changes. </p>
              <div style="text-align:center; margin: 1em 0;"><img alt="Mark Salzberg of NGC and Adam Crum of Monaco Rare Coins cut a red ribbon to officially open Stories on Money." src="http://www.zoomcoin.com/images/uploads/ribboncutting.jpg" />
                <p class="caption">Mark Salzberg of NGC and Adam Crum of Monaco
                  Rare Coins cut a red ribbon to officially open &#8220;Stories <br />
                  on Money.&#8221; From left to right: Brent Glass, Adam Crum,
                  Richard Kurin, Mark Salzberg, Edmund Moy, <br />
                  Jeff Garrett, and Elizabeth Little. </p>
              </div>
              <p>It's interesting to think about the time when George Washington
                was shown a proposed pattern of early coinage depicting himself
                on the obverse, similar to the coinage of England portraying
                the King, and he ordered it destroyed. Washington instead preferred
                and advocated symbols of liberty and other important ideals supporting
                those of the peoples wishes and dreams. Those ideals are depicted
                on these early coins now displayed at the Smithsonian for all
                to enjoy. Rightly or wrongly, the designs of coins of the mid-
                to late-20th century changed dramatically from our founding fathers'
                wishes and began to immortalize individuals rather than the ideals
                of a nation. </p>
              <p>These changes in American currency are a reflection and a record
                of our history. &#8220;This display illuminates history in fresh
                and unexpected ways and will allow visitors to think of how money
                tells stories about different historical periods,&#8221; said
                Brent D. Glass, director of the museum. </p>
              <div style="text-align:center; margin: 1em 0;"><img alt="Adam Crum addresses the attendees at the grand opening event of the Stories on Money." src="http://www.zoomcoin.com/images/uploads/adamspeaking.jpg" />
                <p class="caption">Adam Crum addresses the attendees at the grand
                  opening event of the &#8220;Stories on Money.&#8221; </p>
              </div>
              <p>Although each individual who visits the exhibit will be touched
                in their own way, I have my own personal favorites. For me the
                love of coins extends from my interest in financial history.
                I look at coins and think about the times in which they were
                made and imagine the hopes and dreams of those living at the
                time. I believe it is important to understand our nation's financial
                history to fully appreciate our current state of economic affairs
                and effectively predict the future. </p>
              <p>Entering the exhibit, it excites me to look at the early colonial
                coins and paper currency and ponder the hardships of those living
                in this exciting, but difficult era, and it is amazing to think
                that these objects symbolize the birth of a sovereign nation
                soon to be known as &#8220;America.&#8221; Just two steps over,
                I can then see a case full of classics from the California Gold
                Rush era and am fascinated by the unique coin designs such as
                the Baldwin $10 Horseman. Examining the beauty of the objects,
                I find my mind drifting to the incredible hardship yet extremely
                exciting times that the California gold rush thrust onto the
                hopes and dreams of the entire world. </p>
              <div style="text-align:center; margin: 1em 0;"><img alt="Michael Carabini, Jim Hughes and Adam Crum get a close up look at box of the legendary $20 gold coins minted in America." src="http://www.zoomcoin.com/images/uploads/vaultcoins.jpg" />
                <p class="caption">Michael Carabini, Jim Hughes and Adam Crum
                  get a close up look at box of the legendary $20 gold coins <br />
                  minted in America. These legends will be on display at the
                  ANA in August. The 1849 will be among them. </p>
              </div>
              <p>Continuing through the exhibit I come to the case sure to garner
                the most attention: the display housing &#8220;America&#039;s
                Legendary Coins.&#8221; Included among these legendary rarities
                are all three types of the 1804 silver dollar&#8230;both extant
                gold 1877 $50 Half Unions&#8230;two versions of the 1907 Ultra
                High Relief $20 Saint-Gaudens&#8230;a 1933 $20 Saint-Gaudens&#8230;and
                finally, the hero of the entire collection, the unique 1849 Proof
                $20 gold Type I Double Eagle, described in the exhibit simply
                as follows: &#8220;Many consider this the most historically significant
                U.S. coin because it is the very first twenty-dollar gold coin&#8230;ever
                made.&#8221; To be sure, the 1849 $20 gold Double Eagle is widely
                considered to be the single most valuable coin in existence. </p>
              <p>Lastly, I see the exhibit case which portrays the many images
                of &#8220;Lady Liberty,&#8221; from the early coins of the Roman
                Empire, all the way through to the coins of today, dramatically
                showing how early coinage continues to play a key role in thoughts
                and designs of coins and currency, even in modern times. </p>
              <p>At the end of the night I sat and thought about my day (and
                night) at the museum. From our private tour of the back room
                vault, home to 1.6 million numismatic related items, to the grand
                opening event that evening, I found myself a little overwhelmed
                by the whole experience. </p>
              <div style="text-align:center; margin: 1em 0;"><img alt="Adam Crum gives a thumbs up for the new Stories on Money exhibit." src="http://www.zoomcoin.com/images/uploads/thumbsup.jpg" />
                <p class="caption">Adam Crum gives a thumbs up for the new &#8220;Stories
                  on Money&#8221; exhibit. The exhibit was made <br />
                  possible by the financial donations of NGC, NCS and Monaco
                  Rare Coins. </p>
              </div>
              <p>I cannot begin to express what an honor it has been to have
                had the privilege of being involved in the efforts to get this
                historical and wonderful collection back on display for the public
                to enjoy. The Smithsonian's &#8220;Stories on Money&#8221; exhibition
                explores the importance of our country's sovereignty, heritage
                and financial independence. The beauty of the coins is obvious,
                but the history witnessed by these little objects is what excites
                me the most. </p>
              <p>I want thank Mark Salzberg, President of NGC, for sharing in
                Monaco's vision and joining our efforts in supporting the collection
                and bringing this new Smithsonian exhibit to life. But keeping
                this exhibit in public view is a responsibility which falls on
                all numismatists. In these very difficult financial times, it
                will take sincere efforts from all of us to see that these wonderful
                items are never locked away in some vault somewhere. </p>
              <p>I hope this important event challenges industry leaders to continue
                our educational efforts to share the real value of collecting
                coins, not just as an asset, but also to see the value in educating
                people on the &#8220;history of money&#8221; and its important
                role in a developed society. </p>
              <p>For more information on the Smithsonian's &#8220;Stories on
                Money&#8221; exhibit and to view many of the coins of the National
                Numismatic Collection on-line, log on to: <a href="http://www.americanhistory.si.edu">http://www.americanhistory.si.edu</a></p> 
      ]]></content>
    </entry>

    <entry>
      <title>1856&#45;O Type I Double Eagle Branch Mint Proof Sells for More Than $1.4 Million</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/1856-o-type-i-double-eagle-branch-mint-proof-sells-for-more-than-14-million/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.443</id>
      <published>2009-06-17T23:14:00Z</published>
      <updated>2009-11-08T04:17:01Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <img src="http://www.zoomcoin.com/images/uploads/1856-OPCGSobv.jpg" alt="The 1856-O Type I $20 gold piece"  style="float:right; padding-left:15px; padding-bottom:10px;" />
              <h4>Monaco Rare Coins is excited to announce its most recent acquisition&#8230;</h4>
              <p>What is considered to be the greatest New Orleans minted coin
                in existence set a record on May 29th for the highest price ever
                realized for a proof Double Eagle. The 1856-O Type I $20 gold
                piece&#8212;certified Specimen-63 by PCGS&#8212;is the rarest New Orleans-minted
                Double Eagle&#8218; and is by far the finest known example of
                this famous American coin.</p>
              <p>Entering the auction as the featured specimen of the sale&#8218; it
                did not disappoint the crowd and certainly lived up to its billing.
                At more than $1.4 million&#8218; it is the most ever paid at
                auction for a New Orleans Double Eagle&#8218; eclipsing the 1854-O
                Type I Double Eagle which sold in November 2008 for just over
                $600&#8218;000. This new record for a New Orleans-minted coin
                will no doubt continue to stir the imagination and drive interest
                from both collectors and investors for these highly-desired branch
                mint coins. Many specialists believe that this is the single
                most important New Orleans Double Eagle in existence&#8218; and
                the most important O-mint coin of any denomination.</p>
              <div style="text-align:center; margin: 1em 0;"><img src="http://www.zoomcoin.com/images/uploads/1856-overview.jpg" alt="The 1856-O Type I $20 gold piece" /></div>
              <p>The seven-figure price is even more impressive when you consider
                the price journey this particular coin has taken just over the
                past decade alone&#8218; where it sold twice before&#8218; bringing
                $310&#8218;500 in 2002&#8218; just months after the tragedy of
                September 11th&#8218; and then again for $542&#8218;800 in 2004.</p>
              <p>Only 19 coins (of any type) have ever sold at auction for more
                than this one&#8218; and none of those were struck in New Orleans.
                Monaco Rare Coins is honored to have purchased the first million-dollar
                piece of Southern branch mint gold. While the value of this coin
                is important&#8218;  the sheer beauty of the piece cannot be
                overlooked. It exhibits deeply mirrored fields and sharply-struck
                devices which jump off the surface of the coin. By any standard
                it's a work of art and is arguably more important&#8218; and
                certainly more impressive&#8218; than coins like the 1894-S Barber
                dimes&#8218; two of which have sold over the past two years for
                more than $1.5 million&#8218; with the most recent selling for
                a record $1.9 million.</p>
              <p>I used the sale of the 1894-S dime at $1.9 million and the 1861  &#8220;Paquet&#8221; Reverse
                Type I Double Eagle&#8218; which sold in January 2008 for $2.5
                million&#8218; to help determine the price to bid for the 1856-O.
                After careful market analysis and much discussion with my staff&#8218; I
                determined that anything under $2 million would be a good value.
                We are so excited to have acquired this important rarity for
                only $1&#8218;437&#8218;500 and believe it to be one of the best
                values in numismatics today.</p>
              <p>Whomever we place this coin with will have the honor of being
                the custodian of not only a great portfolio cornerstone coin&#8218; but
                will also be acquiring an asset of outstanding value and time-tested
                appeal of an important part of American history.</p> 
      ]]></content>
    </entry>

    <entry>
      <title>What would happen if the United States lost its AAA credit rating?</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/what-would-happen-if-the-united-states-lost-its-aaa-credit-rating/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.442</id>
      <published>2009-06-03T03:01:09Z</published>
      <updated>2010-07-01T22:59:10Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <p class="byline">by Adam Crum</p>
              <p>Two years ago&#8218; a company that performs financial research
                and analysis on commercial and government entities and has a
                40% share in the world credit rating market warned the United
                States government that it risked losing its triple A rating if
                it didn&#8217;t get its finances under control. That company was Moody&#8217;s
                and the warning was motivated by the future of healthcare and
              Social Security costs and long before the present financial upheaval.</p>
              <h4>Does our government deserve a triple A credit rating?</h4>
              <p>While the U.S. government has had a triple A credit rating since
                1917&#8218; there are those who feel that if the United States
                were any other country&#8218; its coveted top-tier credit rating
                might have been stripped away by now.</p>
              <p>&#8220;For too long&#8218; the U.S. has delayed making the tough
                but necessary choices needed to reverse its deteriorating financial
                condition&#8218;&#8221; David Walker&#8218; chief executive of
                the Peter G. Peterson Foundation and a former comptroller general
                of the United States&#8218; recently wrote in the Financial Times. &#8220;One
                could even argue that our government does not deserve a AAA credit
                rating based on our current financial condition&#8218;  structural
                fiscal imbalances and political stalemate.&#8221;</p>
              <p>&#8220;The triple-A rating is undeserved&#8218;&#8221; suggests
                Peter Morici&#8218; a professor of international business at
                the University of Maryland. &#8220;If Washington were a state
                capitol&#8218; we would have lost the AAA with the current budget.&#8221;</p>
              <p>Here are just some of the reasons Mr. Walker and Professor Morici
                would make such statements:</p>
              <ul>
                <li>Equal to about 80 percent of total output of the United States&#8218; the
                  Treasury Department recently reported that the total U.S. government
                  debt is $11&#8218;270&#8218;547&#8218;397&#8218;564.64.</li>
                <li>With the U.S. relying on foreign buyers to keep its borrowing
                  costs low&#8218; China and Japan alone hold more than $1.4
                  trillion of U.S. Treasury bonds as of March&#8218; according
                  to U.S. Treasury data. A sovereign downgrade would certainly
                  alarm at least some of those buyers.</li>
                <li>The Fed is now burdened by the same kind of toxic paper that
                  has been plaguing private U.S. banks for several quarters.</li>
                <li>Leveraging its capital 48-to-1&#8218; Fed banks are holding
                  total capital of just $45.7 billion against the sum total of
                  $2.19 trillion in assets. Two years ago the ratio was only
                  27-to-1.</li>
                <li>The government's $787 billion economic stimulus package and
                  $700 billion bank bailout fund have strained the country's
                  resources and the jury is still out as to whether any of this
                  will actually make a difference.</li>
                <li>The International Monetary Fund expects the debt-to-GDP ratio
                  to hit 97.5 percent next year. Standard &amp; Poor reaffirmed
                  its AAA sovereign rating for the United States in January;
                  however&#8218; the ratings agency also cautioned that the hundreds
                  of billions of dollars committed to bailing out the banking
                  sector would lead to a &#8220;noticeable deterioration in the
                  U.S. fiscal profile.&#8221;</li>
                <li>The Chinese premier and the head of the People's Bank of
                  China have expressed concern over America's long-term credit
                  worthiness and the value of the dollar. China has also called
                  for the creation of a new international reserve currency to
                  replace the U.S. dollar.</li>
                <li>With a loss of 5.7 million jobs since December 2007&#8218; the
                  number of workers collecting unemployment checks increased
                  to a record of more than 6.6 million in the week ending May
                  9&#8218; the highest level of unemployment since 1983.</li>
                <li>The present economic situation in the U.S. is taking a huge
                  chunk out of tax income&#8218; reported to be down 34%.</li>
                <li>Manufacturing in the U.S. Mid-Atlantic area shrank in May
                  for the eighth straight month.</li>
                <li>States like California have been hit hard by the credit crunch
                  and are struggling to arrange backing for municipal bonds and
                  short-term debt.</li>
              </ul>
              <p>Then there is still that two year old warning of Moody&#8217;s. The
                significance of that warning appears to be even greater now.
                A government report released on May 12 found that the Social
                Security trust fund would be exhausted by 2037&#8218; four years
                earlier than previously estimated&#8218; and the Medicare hospital
                trust fund would become insolvent by 2017&#8218; two years earlier
                than estimated. All of that in light of the fact that the first
                big wave of the 72 million strong Baby Boomers (folks born from
                1946 to 1964) will soon become eligible to start collecting retirement
              benefits.</p>
              <h4>Is losing a triple A rating that big of a deal?</h4>
              <p>The answer to whether it&#8217;s a big deal or not for the United
                States to lose its triple A rating would be a resounding &#8220;Yes&#8218; it
              is a big deal!&#8221;</p>
              <ul>
                <li>A credit rating reflects the risk of default. A downgrade
                  will raise the cost of borrowing for the United States government&#8218; could
                  have a spillover effect on corporate debt and investors will
                  buy fewer U.S. Treasuries.</li>
                <li>There could be a massive outflow of foreign investment. Some
                  global funds are mandated to invest only in AAA debt and if
                  the U.S. loses its AAA rating&#8218; it loses those investors.</li>
                <li>A credit rating downgrade provides a perfect excuse for an
                  alternative reserve currency to replace the dollar. China&#8218; Russia
                  and other countries are already suggesting creating a &#8220;basket
                  of currencies&#8221; that would replace the U.S. dollar.</li>
                <li>Interest rates will increase. Should the United States lose
                  its AAA credit rating&#8218; it will trigger rising interest
                  rates in an already unfrozen credit market.</li>
                <li>The risk of inflation increases. Philadelphia Federal Reserve
                  President Charles Plosser has warned that the U.S. government&#8217;s
                  emergency programs for the economy undermined central bank
                  independence and raised the risk of inflation. &#8220;When
                  a nation&#8217;s treasury or finance ministry and its central bank
                  work too closely together&#8218; there is a clear risk that
                  the government&#8217;s spending will end up being financed by the
                  central bank&#8217;s power to create money&#8218;&#8221; Plosser
                  cautions. &#8220;History shows us that you can get very bad
                  economic outcomes with rapidly rising inflation.&#8221;</li>
              </ul>
              <p>The ultimate outcome depends upon the reaction of the capital
                markets and the actions of the Federal government.</p>
              <ul>
                <li>Will investors continue to aggressively bid on U.S. Treasuries
                  at auction?</li>
                <li>Will foreign creditors start balking at supporting the country's
                  irresponsibility?</li>
                <li>Will the AAA credit rating of the United States come under
                  even greater scrutiny?</li>
                <li>Will the dollar start to reflect the fact that the Fed is
                  throwing money around like never before&#8212;and taking on
                  any and all kinds of bad assets?</li>
                <li>Will the federal government enact tough spending&#8218; tax
                  and budget control measures after we turn the corner on this
                  shaky economy or will we discover that the government and our
                  political system is not up to the task of addressing the economic
                  imbalances that confront us?</li>
              </ul>
              <p>Don&#8217;t look for answers to these questions anytime soon.
                But that doesn&#8217;t mean we shouldn&#8217;t discuss the risks
                now. The reality is that you must start taking protective steps
                immediately if you haven&#8217;t already. I recommend you consider
                buying gold.</p>
              <h4>Are you hedged against this very real possibility?</h4>
              <p>In the 19th century&#8218; the gold standard was the monetary
                system that dominated the developed world. Then with the final
                breakdown of the Bretton Woods system in 1971 and exchange rates &#8220;floating&#8218;&#8221; investors
                searched for investments that provided a &#8220;safe haven.&#8221; It
                is ironic and not surprising that among the ways investors found
                security was by returning to gold in its many forms&#8218; such
                as rare gold coins.</p>
              <ul>
                <li>Rare coins have always provided an ideal hedge against inflation&#8218;  thrived
                  in times of insecurity and rising interest rates and provided
                  a long-term storage of wealth that has consistently outperformed
                  other assets in times of turmoil against the dollar.</li>
                <li>Numismatic quality rare gold coins have proven time and time
                  again to be an excellent hedge because they have become a standardized
                  asset easily traded in a market that is always open.</li>
                <li>Rare gold coins have become a solid asset because governmental
                  authorities cannot produce and thus debase them. Because of
                  this characteristic they have acquired long-term wealth preserving
                  properties over the centuries.</li>
                <li>Gold coins have intrinsic&#8218; aesthetic and historic value
                  as well. They are&#8218; quite honestly&#8218; works of art
                  and pieces of history&#8218; making them highly collectible
                  and desirable.</li>
              </ul>
              <p>I encourage you to call one of Monaco Rare Coin&#8217;s account executives
                toll-free today at <span class="telephone">&#123;embed="inc/DisplayPhoneNum"&#125;</span> to initiate or enhance the
                rare coin portion of your portfolio. Monaco&#8217;s investment professionals
                can:</p>
              <ul>
                <li>Assist you in planning your rare coin investment strategy
                  or reviewing one that is already established;</li>
                <li>Recommend the best coins for your investment objectives and
                  help ensure that your rare coin portfolio is balanced;</li>
                <li>Update you on market news&#8218; what America&#8217;s top numismatists
                  are recommending and new offerings.</li>
              </ul> 
      ]]></content>
    </entry>

    <entry>
      <title>Monaco Discovers Lost Gold of the Republic</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/monaco-discovers-lost-gold-of-the-republic/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.441</id>
      <published>2009-05-25T17:10:25Z</published>
      <updated>2010-07-01T22:59:26Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <h4><strong>The Story of the SS <em>Republic</em> Treasure</strong></h4>
              <p class="byline">by Adam Crum</p>
              <p>In October of 1865, six months after the end of the Civil
                War, the side-wheel steamer SS <em>Republic</em> was bound from
                New York to New Orleans.  Aboard the former Civil War blockade
                ship was precious cargo to aid in the rebuilding of the war-ravaged
                city of New Orleans to its prewar glory.  Unfortunately, the
                ship never made port, sinking in a massive hurricane off
                the coast of Georgia.  The ship and its cargo,  including
                a reported $400,000 in gold and silver coins, came
                to rest 1,700 feet deep in the Atlantic Ocean.  Nearly
                140 years later a team of salvage experts, aided by state-of-the-art
                electronics and recovery equipment, found and brought to
              the surface a stunning treasure trove of numismatic classics.</p>
              <p>The quality of the coins recovered cannot be overstated.  You
                see,  during and just after the Civil War, in both
                the North and especially the South, gold and silver coins
                were a valued but extremely scarce commodity.  <strong>Rampant
                inflation, caused by both sides financing their huge war
                costs through the near-nonstop printing of paper currency,</strong> resulted
                in the widespread hoarding of &#8220;hard money.&#8221;  At the
                end of the war, the South, for all practical purposes, was
                broke&#8230; <strong>its paper money was worthless,</strong> its
                hard money virtually gone.  The years following the Civil War
                saw wild fluctuations in the value of gold and silver.  As a
                result of these fluctuations, many of the coins of this
              era were melted or saw heavy circulation.</p>
              <p>The wonderful and rare SS <em>Republic</em> treasure gold in the small
                collection we recently purchased are available today only because
                of the tragic loss of the SS <em>Republic</em>.  The coins offered here
                are all beautifully preserved in their pristine condition due
                to the fact that they were locked in a time capsule at the bottom
                of the deep blue sea.</p>
              <p>Each gold coin in this small collection are of the $10 denomination,  or
                more commonly known as gold &#8220;No Motto&#8221; Liberty Eagles&#8221; minted
                prior to the 1865.  <strong>Many of these coins have the highly
                collected New Orleans mint mark which is denoted with the letter  &#8220;O&#8221; on
                the reverse below the tail feathers.</strong></p>
              <p>I am excited to announce that Monaco Rare Coins has been able
                to acquire this near complete date and mint mark collection in
                tact and they are ready for immediate acquisition and delivery. 
                The average grade is AU53-AU55, which is amazing given
                the fact that many of these rarities are nearly impossible to
              find in ANY condition.</p>
              <p>Here is the most exciting part of this deal:  We are now offering
                these last remaining coins for BIG savings over what many SS
                <em>Republic</em> coins have been sold for by the discovery group in their
                initial offering, which has been sold out for years.  How
                can we do this?  Very simple: &#8220;Cash is King,&#8221; especially
                when negotiating for an entire collection. </p>
              <p>Don&#8217;t miss this exciting opportunity to own a beautiful
                and certified piece of Civil War history.  This collection of
                only 29 coins, all different dates and mint marks, will
                not last long.  Call your Monaco representative as soon as possible
              at <span class="telephone">&#123;embed="inc/DisplayPhoneNum"&#125;</span>. </p> 
      ]]></content>
    </entry>

    <entry>
      <title>Money Talks at the Smithsonian&#8217;s National Museum of American History</title>
      <link rel="alternate" type="text/html" href="http://www.zoomcoin.com/rare-coin-news/article/money-talks-at-the-smithsonians-national-museum-of-american-history/" />
      <id>tag:zoomcoin.com,2009:rare-coin-news/5.440</id>
      <published>2009-05-14T19:22:01Z</published>
      <updated>2009-11-08T04:21:02Z</updated>
      <author>
            <name>Monaco Rare Coin</name>
            <email>info@zoomcoin.com</email>
                  </author>

      <content type="html"><![CDATA[
        <h4>New Display of Numismatic Rarities</h4>
              <p>WASHINGTON, May 11&#8212;A new exhibition at the National Museum
                of American History invites visitors to explore the development
                and meaning behind American coinage and currency. &#8220;Stories
                on Money&#8221; demonstrates the interplay among people, money
                and history, from the earliest times to the present day. The
                display of coins and other related objects will open June 12
                in a new first-floor gallery.</p>
              <p>&#8220;Stories on Money&#8221; explores the museum&#8217;s vast
                numismatic collections from seven vantage points. The main section
                shows what money looked like in Colonial America and at pivotal
                times, including the Gold Rush, Great Depression and in the current
                era. Visitors will compare the coin designs of the 19th century
                with those produced during the renaissance of American coinage
                in the early 20th century. The section called &#8220;The Power
                of Liberty,&#8221; presents an array of coins from the United
                States and the world depicting Liberty, the feminine personification
                of freedom; coins with real and mythological women are also featured.</p>
              <p>&#8220;American currency is a reflection and a record of our
                history,&#8221; said Brent D. Glass, director of the museum. &#8220;This
                display illuminates history in fresh and unexpected ways and
                will allow visitors to think of how money tells stories about
                different historical periods.&#8221;</p>
              <p>&#8220;Stories on Money&#8221; was made possible through the
                generosity of the Numismatic Guaranty Corporation of America,
                Numismatic Conservation Services and Monaco Rare Coins.</p>
              <p>&#8220;Having this wonderful space at the museum is very meaningful
                to the entire community of numismatists, and we are very proud
                to be a part of it. &#8216;Stories on Money&#8217; is an especially
                fitting exhibition since it illustrates the close interplay between
                coins as objects and the personal history of their use,&#8221; said
                Mark Salzberg, chairman of sponsoring organizations Numismatic
                Guaranty Corporation and Numismatic Conservation Services.</p>
              <p>&#8220;The &#8216;Stories on Money&#8217; exhibition explores
                the importance of our country&#8217;s sovereignty, heritage and
                financial independence,&#8221; said Adam Crum, president of Monaco
                Rare Coins. &#8220;The beauty of the coins speaks for itself,
                but the history witnessed by these miniature objects is often
                epic.&#8221;</p>
              <p>The exhibition draws from the museum&#8217;s National Numismatic
                Collection, which consists of more than 1.5 million objects,
                including coins, medals and paper currency and preserves the
                role of money in economic history. Featured objects include a
                colonial Massachusetts shilling from 1690&#8212;the first paper
                money in the Western hemisphere, the unique 1849 $20 gold coin
                and a clam shell used as currency during the Great Depression.</p>
              <p>The exhibition uses objects and interactive media to immerse
                visitors in these stories on money, including an opportunity
                to view enlarged images and delve further into numismatic history.
                In &#8220;A penny for your thoughts?&#8221; visitors can cast
                their opinion about the future of the most-produced coin in the
                world.</p>
              <p>Two books based on the National Numismatic Collection have been
                published in conjunction with the exhibition. Exhibition curator
                Richard Doty&#8217;s &#8220;America&#8217;s Money, America&#8217;s
                Story&#8221; and <em>The Encyclopedia of U.S.
                Gold Coins</em> by
                visiting researcher Jeff Garrett substantiate the scholastic
                value of the National Numismatic Collection. Doty and Garrett,
                a lifelong coin collector, have spent their careers working in
                numismatics and have written several books on the subject.</p>
              <p>The National Museum of American History collects, preserves
                and displays American heritage in the areas of social, political,
                cultural, scientific and military history. After a two-year renovation
                and a dramatic transformation, the museum shines new light on
                American history, both in Washington and online. To learn more
                about the museum, check <a href="http://americanhistory.si.edu">http://americanhistory.si.edu</a> For
                Smithsonian information, the public may call (202) 633-1000,
                (202) 633-5285 (TTY).</p> 
      ]]></content>
    </entry>


</feed>