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1700 Rockville Pike, Suite 400

Rockville, MD 20852

infoasi@assetstrategies.com

1-800-831-0007 (Toll Free)

301-881-8600

9 am - 5 pm EST

Monday - Friday

 

Asset Strategies International is an industry leading full service tangible asset dealer specializing in precious metals, foreign currency and rare tangible assets.


For other products and services:

www.ASIPMDirect.com

800-831-0007

301-881-8600

Fax: 301-881-1936

9 AM - 5 PM EST

infoasi@assetstrategies.com

 

Asset Strategies International

1700 Rockville Pike, Suite 400

Rockville, MD 20852

Best Buy: Just Your ‘Everyday’ Coins

August15 Libertyset
MS62 $5 and $2.5 Liberty Date Sets

With the wild popularity of our June $2.5 and $5 Indian set, we’ve worked hard to see if we could find the same value in a Liberty coin set for you. We were successful, but only a few clients will be able to take advantage of what we have found. Don’t wait, call 800-831-0007 now to claim your set!

Throughout American financial history, gold coins have played an important role. Whereas copper, nickel and silver coins were typically used for everyday spending, gold pieces were more likely to be used for larger transactions, bank transfers and long-term holdings.

In the late 19th and early 20th century, coins like the $2.50 gold Quarter Eagle and $5 Half Eagle might have been used to pay out weekly wages or settle a rental payment. The larger gold denominations ($10 Eagle and $20 Double Eagle), were used primarily by banks and merchants, but the $2.50 and $5 pieces were the “everyday” person’s gold coins.

This month, we have put together special two-coin sets featuring a MS62 $5 Liberty and a MS62 $2.5 Liberty. At just over $1,000 for the set, and less than 60 sets total, these will not last long.

Call 800-831-0007 or email me today to add these $5 and $2.5 Liberty coins to your portfolio. Whether you add one set, or buy one set of each date, these are a great way to buy the right coins at the right price.

History

For a number of reasons, these two denominations lost their popularity as the 20th century continued. The two biggest nails in the coffin, however, were the increased use of paper currency, and revised monetary policy. Although the United States government began releasing $1, $2 and $5 paper notes in the 1860’s, they did not fully catch on until decades later.

Many Americans preferred to keep their long-term savings in gold coins, but paper money became acceptable for everyday transactions. By the 1920’s, a coin like the quarter eagle was used more for special purposes than daily spending.

The biggest death knell was Franklin Delano Roosevelt’s Executive Order of 1933. To stabilize the Depression-era economy, FDR forbade the ‘hoarding of gold coin, gold bullion and gold certificates within the Continental United States.’ Ultimately, the President was trying to increase the money supply and eliminate constraints on the Federal Reserve. By eliminating physical gold holdings—and converting the metal into paper money—the Fed was able to pump currency into the failing economy.

Penalties for gold ownership were steep; cash fines of up to $10,000 (nearly $200k today) could be assessed, and potentially, the metal itself confiscated.

This emergency order put an end to the production of United States gold coins, but also affected the supply of coins already in circulation. As Americans redeemed their gold pieces for paper money, the coins were melted by the U.S. government and turned into bars and ingots. The net result was the destruction of massive amounts of U.S. gold coins.

Despite this order, many U.S. gold coins survived the ban and mass meltings. For one, not all citizens complied with the order—countless individuals surreptitiously maintained their gold holdings.

Secondly, significant amounts of American gold coins were exported to Europe in the early 20th century. Foreign countries, when collecting on U.S. government debt or receiving post-war aid, insisted on being paid in gold. Therefore, enormous amounts of United States gold coinage sat untouched in Europe even after the Roosevelt ban was signed into law.

However, there is one important numismatic note about these overseas gold payments: the vast majority of the coins were $10 and $20 gold pieces. For large transactions, banks and other institutions preferred larger denominations to make counting and inventorying easier. Some $2.50 Quarter Eagles and $5 Half Eagles crossed the pond, but they were far outnumbered by their $10 and $20 counterparts. The net result is relatively few $2.50 and $5 half eagles were spared the melting pot during the 1930’s. The coins that survived tended to be well-worn specimens kept by private American citizens.

For this reason, we have always felt $2.50 and $5 gold pieces have been undervalued in Uncirculated form, especially relative to their $10 and $20 brethren. Finding common date $10 and $20 Liberties in MS61 or MS62 is rarely an issue—literally thousands can be bought on the open market at any given time. An order for a few hundred $2.50 Quarter Eagles in MS62, meanwhile, can instantly deplete the market of its entire supply.

A few coins can make a big difference

This exact phenomenon has taken place numerous times before. As NGC’s price history graphs indicate, MS62 $2.50 and $5 Liberty gold coins have seen wild market value fluctuations over the past 5-10 years.

The Quarter Eagle’s history is particularly dramatic; bottoming out at $450 in late 2008, and then surging all the way to over $900 by late 2010. Even after sliding back to the high $500’s in 2011, it returned back to over $800 in 2012. The half eagle has seen major zigzags in its price history too. The explanation is simple; with a tight market supply, demand surges quickly generate price spikes.

August15 Spotlight Chart2 F

August15 Spotlight Chart1 F

These two coins have followed a boom and bust cycle for the past decade—and they are currently in a quiet phase. The Liberty $2.50 Quarter Eagle and $5 Half Eagle are dormant right now, but their big denomination cousins are attracting considerable interest.

Thanks to the Greek turmoil and the demand for physical gold, $10 and $20 gold pieces have actually maintained price levels, if not risen in value, even as gold spot price has dropped. We expect this demand to spill over into the smaller denominations as well. If this demand surge is big enough to move the $10 and $20 gold coin markets, it would have a tremendous impact on the $2.50 and $5 pieces.

Real Value

August15 LibSet Slab1

We believe strongly in owning the $2.50 ‘Lib’ and $5 ‘Lib’ in MS62 right now — all of the least expensive dates seem like superb buys in this current environment. We’re even more enthusiastic about the group of two-coin sets we’re able to offer you this month.

As many of you will remember, we were able to find a limited group of two-coin $2.50 Indian and $5 Indian sets in PCGS MS62 earlier this year. The same source was able to make a group of two-coin Liberty date sets available too. Each two-coin set will have both a $2.50 Liberty and $5 Liberty of the same grade in PCGS MS62. The two coins in the set are the same date and same grading service.

These coins have an increased upside in two-coin sets, as they are more attractive from a numismatic standpoint. While random dates have appeal to investors and accumulators, matched date sets 

are desirable to collectors and numismatic specialists.

August15 LibSet Slab2

Act Now!

In conclusion, the $2.50 and $5 Liberty gold coins are significantly scarcer than their $10 and $20 Liberty counterparts. They were not produced, saved or exported to nearly the same degree as the larger denominations, making them substantially more difficult to find in today’s market. This limited supply has resulted in dramatic price movement over the past decade, with the two coins experiencing repeated peaks and valleys. These two gold denominations are in a valley right now — but perhaps not for long.

With demand in the $10 and $20 denominations surging, it’s not long before investors start looking to the Quarter Eagle and Half Eagle as well. The ability to buy these two underpriced coins in matched two-coin sets further amplifies an already exceptional opportunity.

We have just over 50 sets total, and these two-coin date sets are priced at least 10% less (delivered) than price guides suggest.* All coins are certified by either NGC or PCGS.

$5 & $2.5 Liberty Gold date set - Call for price & availability Both coins will be the same date & grade (MS62)

There is no additional cost for shipping, handling or insurance. While supplies last, the price you see is the price you pay.

Call - 800-831-0007 - or email me today to purchase your coins and to take advantage of this low price before the market discovers the price anomaly.

*Prices are subject to change based upon product availability and due to market fluctuation.

Contact ASI

1-800-831-0007 (Toll Free)
301-881-8600

Fax: 301-881-1936

infoasi@assetstrategies.com

8AM - 5PM EST, Monday - Friday

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    1-800-831-0007
    301-881-8600
    Fax: 301-881-1936 infoasi@assetstrategies.com
    Monday - Friday
    8:00 am - 5:00 pm EST
    1700 Rockville Pike, Suite 400, Rockville, MD 20852

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