Market Alert 5-5-20
Some good news in the face of the tough situation that our country is facing, CAC and PCGS are both open again! They are hustling to catch up on the invoices they had in their offices before the shut down and are also accepting new invoices for processing. Hopefully, we’ll see new fresh coins entering the marketplace. NGC has remained open and now all three services will be working hard to get submissions processed and out the door. So far, they are doing a great jo...
Market Alert 4-17-20
The good news is that PCGS has reopened. The bad news is that CAC has extended their closure until April 27th. The U.S. Mint at West Point is also closed. The worst news is the virus is still raging.
I’m glad PCGS has reopened. The submissions that were in limbo will now start to get attention and we can submit coins to them again. It doesn’t mean that they will stay open. People come first, so if they have to close again, everyo...
On April 1st, CAC shut down temporarily. Tentatively scheduled to reopen April 15th. It seems like they may not open until April 30th at the earliest, we’ll keep you posted.
As a dealer in gold, we are allowed to come to the office, but that could change at any time. Some people that are laid off or being let go, are thankful they have coins to fall back on. We are not allowed to have anyone come inside our office. But if you call and make a...
Thank you all for the great responses to the last alert. I am still catching up to answer all of the questions and thank people for their kind thoughts and feedback.
The new alert has to do with gold bullion and $20 gold pieces. Yesterday we noticed a switch in pricing by the mint distributors and large bullion supply businesses. They are now basing their sell prices on gold futures! Futures prices are usually about $50 above gold spot. Yet they are still buying based on gold spot. ...
Important Counterfeit Alert
The country is facing some very serious challenges now. Many people are trying to purchase gold and silver as a protection position. Supplies are getting very thin and premiums have escalated. In many instances, alternative forms of bullion are being offered to clients. We are offering 40% silver, cull dollars, circ dollars, MS-63 & MS-64 Morgan dollars as examples.
Recently, I examined a large amount of circulated pre-1930 US gold coins that a customer had. We always offer free...