Monday
January 16th 2006
Hello and welcome to the new weekly insight on my
view of what is going on in the coin industry and
points of view about coins in general.
The F.U.N. show was a great success for not just me,
but everyone according to all that I have heard. I
looked all over for Proof Gold and just could not
find any specimens that stuck out in my mind, there
were some Quarter Eagle’s, and Gold Dollars,
but none that I thought should be purchased right
away with the exception of a couple. I mainly was
on the hunt for Eagle’s and Double Eagle’s
which were virtually impossible to find. Also Three
Dollar Proof Gold (and business strike) was very scarce,
a denomination I love.
There was however a gorgeous Gold Dollar that I did
think was worth bringing home with me which was our
1884
Princess in PF67 Cameo NGC. This coin just had
a striking eye appeal to it which made me hand select
this treasure. The reason there are not so many Proof
Gold pieces out there is because of the mintages,
and the amount that actually exists, it’s miniscule
compared to so many other series of coins that are
out there.
I can’t put all of my focus and attention on
just Proof Gold though, because there are a lot of
other Proof and Business strike coinage out there
that are definitely worth collecting and investing
into. We specialize in Proof Gold because of how many
pieces we have handled and our love that is an area
in which I love to read and study about, it’s
an area in which we are confident about when placing
a specimen into a collection/portfolio for an amount
which may be the highest it’s ever sold for.
Which leads us to this, what other coins do I think
are worth me buying to sell with confidence? One series
I would have to say is the Trade
Dollar, an amazingly beautiful design with an
important history behind it. This design was issued
for circulation in the Far East, the Orient to be
exact and the reason behind that was to compete with
other countries Dollar sized silver content. Another
breathtaking coin I would never hesitate on are the
Large Cent pieces, I bought an 1852
in MS67BN “star” NGC that only lasted
one day at the webpage until someone who appreciates
beauty gobbled it up. I also came home with a unique
coin which is my favorite dated Eagle, the 1804
business strike in AU58 NGC, a coin with a very
neat history behind it especially considering it was
the last of that design until lady Liberty took the
spotlight.
So
the basis of the story here is no matter what design,
or metal content you are in love with, always go with
your gut on beauty, what takes your breath away, what
intrigues you the most because in the end you can
never go wrong. That is how I maintain our inventory,
with my love and instinct and to hear customers say
how much they love the coin when they receive it makes
my job all the worth while, and makes me feel truly
blessed.
Cheers,
Dean Albanese
dean@coinace.com
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