Most people are simply not aware of the many benefits of rare coins. For the most part, this asset class is off the radar so research and education is a paramount first step to determine if this asset could serve your personal needs. You will be surprised to learn about the versatility and countless ways to incorporate rare coins into your investment strategy. Click here to take the first step to gain a simple understanding about the true benefits that this asset class can provide.
The "100 Greatest U.S. Coins" book is currently in its fourth edition by Whitman Publishing. The book features 100 of the greatest coins made in America. By no means does this book include all of the great rarities but it is extremely well written with beautiful pictures and stories of the coins in the book. Perhaps most significant from an investment standpoint is Appendix B in the back of the book which shows a track record of U.S. coin value information from 1960 to present. Click here to see which of the "100 Greatest U.S. Coins" are currently in our inventory.
Patterns were coins struck to test different designs, metals, or some other aspect with the intention of possibly adopting the style for circulating coinage. Some pieces can be very rare with only 2-3 known to exist. Patterns are interesting because they are often so different from the coinage we are used to seeing, such as a $20 denomination made out of aluminum or a $1 gold coin with a hole in the middle. Click here to see the current pattern coins we have in inventory.
There are many factors to consider when researching whether rare coins could fit into your investment strategy. Many misconceptions about this market exist and it is import to educate yourself to clearly understand the true nature of this asset class. Click here to learn if you should consider this asset class further. Rare coins provide many unique opportunities in addition to benefits similar to other asset classes; however, it is important to make sure that they will work for your individual situation.
Gold dollars owe their existence to two major gold rushes in the United States. The first took place in the Carolinas and Georgia in the early 1800s. During that time, a German immigrant Christoph Bechtler began privately minting gold coins including gold dollars that were the first seen in the country. In 1848, the California Gold rush vitalized Congress to expand the use of gold in U.S. coinage. On March 3, 1849 congress passed legislation authorizing the creation of the country’s smallest gold coin, the gold dollar, as well as the largest gold coin, the $20 double eagle. James Longacre , the U.S. Mint chief engraver was responsible for designing both coins. There are 3 different designs for gold dollars.
The Saint Gaudens double eagle is considered one of the most beautiful coins in the world. President Theodore Roosevelt did not believe that our gold coins accurately represented our great nation. In 1905, he enlisted the most famous sculpture of the time, Augustus Saint-Gaudens, to design a coin that captures America’s beauty. The coin features Liberty draped in Romanesque clothing, holding a torch and an olive branch. The reverse features an eagle in flight. The first year of issue in 1907 featured a high relief design with each coin receiving five blows from the Mint’s hydraulic press. The public loved these new coins which immediately were selling for $30 a piece however the banks were not fond of the new coins as the high relief coins would not stack. During that same year the Saint Gaudens double eagles were struck in regular relief and remained that way until 1933.
While performing due diligence regarding rare coin investments there are many things to consider. After deciding that investing in rare coins could be for you, the next step would be to establish a relationship with a professional coin dealer. There are thousands of different coin companies throughout the country, from the small coin stores to the national dealers, telemarketing companies, and auction houses. Click here to learn why RCW should be your trusted rare coin asset manager.
The second silver dollar designed for the United States following the Flowing Hair silver dollar, Draped Bust silver dollars were minted from 1795-1803. The most famous Draped Bust dollar is the 1804 dollar which is actually considered antedated and minted in the 1830s as a diplomatic gift from Andrew Jackson to open trade routes in Asia. Later, because of collector demand, there were restrikes made in the 1860s. In the early 1800s, silver dollars began to disappear from circulation as they were being melted for their higher intrinsic value. The increase in the value of silver caused the U.S. to stop minting dollars in 1803 and silver dollars were not issued again for general circulation in the United States until 1840.
The Taft Administration officials grew weary of Charles Barber’s Liberty Head nickel design and sought to continue the mission started by Theodore Roosevelt to beautify U.S. coinage. The administration commissioned sculptor James Fraser who created a design with a Native American and an American Bison. In a 1947 radio interview, Fraser said “Well, when I was asked to do a nickel, I felt I wanted to do something totally American- a coin that could not be mistaken for any other country’s coin. It occurred to me that the buffalo, as part of our western background, was 100% American, and that our North American Indian fitted into the picture perfectly” (Burdette 2007, p.224).
There are many benefits this asset class can provide. However, without developing a comprehensive strategy to approach this market, you may not reach its full potential. Our advisors work directly with you to discuss your personal investment objectives and assist in developing a strategy designed to provide the highest probability of success to reach your financial goals. We have active and passive approaches to this market that can be used in different manners based on your individual needs. Click here to learn more about the different investment strategies.
In 1915, Europe was engulfed in World War 1. After about a quarter of a century of the “uninspired” Barber coin design for the quarter, dime, and half dollar, the public was ready for something different. Director of the Mint Robert Wooly began the process to change the design of these silver coins and enlisted three sculptors to create a new design current with the time. Hermon MacNeil's design won, featuring standing Liberty facing viewers to the right (heraldic east) in the direction of the European war while holding a shield facing that direction as well. She holds an olive branch as she strides through a gate in a wall, which is inscribed “In God We Trust”. The reverse shows an eagle in flight.
The old adage "trust but verify" is extremely important for many investors or advisors who are new to this private market. Our firm takes your due diligence requirements very seriously, which is why we enlisted the services of one of the top four accounting firms in the world, KPMG, to review our Asset Managed Account program from December 14, 2009 to December 31, 2015. This report serves as a track record verification for prospective clients or advisors. Click here to request this report.
The early European colonists in America had little need for coins and relied on the barter system as a means for trade. As towns and cities grew, a more sophisticated medium of exchange was needed. Most American colonies were ruled by the King of England, who did not permit colonists to manufacture coins. Massachusetts Bay Colony was the first to challenge the prohibition on coins and began minting coins in 1652. From 1652 until the Revolutionary war, colonies manufactured coins which have survived today for collector and investor enjoyment.
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The Congressional Act of March 3, 1845 authorized the first U.S. postal stamps and set the local prepaid letter rate at five cents. This rate was very unpopular as large cents were inconvenient and unpopular for citizens. Six years later the postage rate was reduced to three cents when Senator Daniel Dickinson championed legislation to mint a three-cent piece to create ease of commerce. In 1854, that same logic was applied and Mint Director Robert Patterson convinced congress that a three dollar gold coin would speed the purchase of three-cent stamps by the sheet. As such, the three dollar gold coin was born, designed by Chief Engraver James Longacre.