Important Metals Market Update

January 18th, 2021

We are posting this Important Metals Market Update to keep you in the loop. Gold and silver bullion we handle are taking longer and longer to acquire. In addition, there is not enough supply to meet demand. In other words, we need to tell you the truth. Something strange is happening within the gold and silver markets.

In recent weeks American Eagles and Canadian Maple Leafs have become quite scarce. Gold and silver bullion delays are building across the industry. Once readily popular bullion items are now taking 2-4 weeks, and sometimes more.

Bullion is normally available this time of year. World mints are issuing their new products en masse. However, we’re told that first allotments from the mint have already sold out! All because of an abundance of buying. Most importantly, this is even before they’re delivered to mint distributors.

This Precious Metals Report will hopefully make you more aware that something is very wrong with the physical metal’s market. Perhaps it is time to load up on all the precious metals you can find.

Shortages of gold & silver – Reasons

Safe-haven buying after the US elections could be one cause. Another cause could be the lack of individual selling. Above all, is the increase in overall demand. The fact remains, precious metals supply has dwindled.

Customer’s favorite coins are being delayed. Shortages could signal higher prices to come. We therefore advise everyone to place orders now. Do it while premiums are relatively reasonable. Silver and Gold American Eagles premiums have already gone up. You can expect them to go up on even more coins. In other words, regardless of the spot price.

We hope you’ve learned something from this Important Metals Market Update. Because, it is your money and your investments that are at stake. If you have any question about shortages of gold & silver please contact us. We are more than happy to help assist you in finding the coins you want!

What Persian Darics were used for.

An ancient Persian Gold Daric is a high-purity gold piece and weighs approximately 8.4 grams. This weight is based on an ancient weight standard.

The Daric was also referred to as a Babylonian shekel. It was called a shekel because it was equivalent to one month’s pay for a mercenary foot soldier. We know what Persian Darics were used for. Persian Darics were some of the first coins ever used as currency. Currency was a new concept, because in ancient times bartering was the norm.

One daric could be exchanged for 20 silver sigloi. This was a daric’s silver currency counterpart. It was a period in the ancient world that the concept of currency as trade started. Archeologist unearthed hoards of darics and sigloi from Sicily to Afghanistan. This area was all part of the former Persian Empire. It was also proof that the concept of currency spread quickly.

Unique Persian Gold Daric

Our video below shows a unique Persian Gold Daric. It is from the Achaemenid Empire, c.5th Century BC. However, it is slightly different than virtually every other Daric. There have been thousands of typical ones found. Furthermore, only recently were new coins like the one below uncovered in Turkey.

10 Gold Darics were found with a formerly unused symbol. Usually there is a king with bows, arrows, and daggers. For the very first time we see the use of a cross underneath the king.

Some PhD’s suggest it’s a crucifix. Not to symbolize Christ. Jesus Christ didn’t come around for another 400 years. These experts believe it symbolizes the mighty Persian army crucifying those who would not obey them.

Ideas are swirling! Other experts have suggested the symbol is an anchor. In addition, they believe it refers to the Persian naval fleets. In conclusion, we may never know. We do know what Persian Darics were used for. It was the first time coins were used for currency and trade. After that, we are not too sure. Most importantly, why was a cross stamped on only a few examples and only recently found.

Could the cross have been stamped to send a message to the people and was it for propaganda? These questions and discoveries are what makes ancient coins so much more fun to collect!

Rare Spanish silver called 4 Reales

Rare Spanish silver called 4 Reales are coins that we’ve never seen before. Moreover, certainly not in such high of a grade. These coins were struck by Ferdinand and Isabella. The two who reigned over Spain jointly in the late 1400s, together known as the Catholic Monarchs.

Ferdinand and Isabella of Spain were responsible for funding Columbus’ journey to the New World. Silver Four Reales were the circulating currency back in the late 15th century. Some of them are probably the same coins that help to fund these trips. It is important to note, that Explorers didn’t intentionally venture out to discover the new world in the Americas. All they wanted to do was to gain wealth. Their intention was “finding a new trade route to China that would bypass the Mediterranean.”

Finest certified examples known

We acquired a group of these coins from a world coin collector in Europe. These coins are often toned, cracked, and badly worn. Luckily, we bought a group of three that are the finest certified examples known today. All of them are in Mint State 63 condition. Out of 11 total coins graded, these are the finest. They are fully centered on both sides and have very intricate strikes.

We love the world coin market because of coins like these. In addition, for the money Spanish silver like 4 Reales offer great value. Above all, they come along with a rich history. A find like this does not come around often. As far as Spanish silver goes, you’ll be hard pressed to find nicer coins than these.

Just talk to one of our Rare Coin dealers and they can help you find the exact rare world coin you are looking for. You can also go online and buy directly from our rare World Coins inventory section.

THIS COIN IS STILL AVAILABLE HERE!

Are Roman coins worth anything?

When it comes to ancient Roman coins investors always ask, are Roman coins worth anything? Well today, that depends on quality, rarity, and other important factors. For example, eye appeal, artistic merit, historical significance, and precise state of preservation. These are things to consider before you buy any Ancient coin.

A gold aureus was worth 833⅓ denarii in 301. By 324, the same aureus was worth 4,350 denarii. Ancient coins appreciate in time. Mainly, due to the demand of a finite quantity that can be found.

As noted on our Ancient Gold Coins Website:

  1. Ancient coins are beautiful, miniature works of art. In other words, true antiquities.
  2. Overall, ancient coins are amazingly rare.
  3. Ancient coins are portable, private stores of wealth.
  4. Owning ancient coins is a wise decision. Because, they are very limited in supply with a growing demand from investors and collectors.
  5. It is also important to note that Ancient coins are non-reportable and non-confiscatable.
  6. In addition, you don’t need a fortune to acquire truly rare and beautiful ancient coins.

Ancient Tiberius Gold Aureus

However, some very rare coins can cost 5, 6, and sometimes even 7 figures. With this particular coin, are Roman coins worth anything? is a loaded question. This Ancient Tiberius Gold Aureus, Certified by NGC in Choice Extremely Fine 5×4 condition is worth over $11,000. There are certain historical reasons that this coin is so rare and so desired.

Tiberius ruled the Roman Empire from 14-37 AD. His reign was during the life and death of Jesus Christ. Coins bearing his likeness are very desirable. Particularly, when in such a fine state of preservation. This unique coin is well centered and struck with originality and lots of eye appeal. Great coin for the money and a classic rarity from ancient Rome.

If this coin or other Roman Empire coins strike you interest, talk to one of our Ancient Coins Dealers. They can offer great advice and sound knowledge in the Ancient Rare Coins Market.

Ancient Electrum Coinage of Cyzicus

The first coins ever made were of a substance called electrum. Ancient Electrum Coinage of Cyzicus could be found occurring naturally along riversides in ancient times. Importantly, electrum contained gold and silver, with trace amounts of copper and other metals. It was bright and had such a white color to it that ancient Greeks who found it called it “white gold.” Moreover, there were several types of electrum depending on the amount of gold and the different alloys it contained. Electrum could range in color from a bright white yellow a greenish tone. Adding Cadmium, which is highly toxic, to the gold turned it to a green color. The ancient Lydians who discovered this also realized the health concerns regarding its use.

Cyzicus Electrum Choice Very Fine Stater

An example of a Cyzicus Electrum is this Ancient Cyzicus Electrum Choice Very Fine Stater. It is an amazing coin and desirable by many types of collectors. Firstly, this is the earliest depiction of a domesticated animal on human coinage that we know of. Secondly, it was struck around 2,550 years ago. Thirdly, this 17-gram electrum full stater depicts a hound running left in lifelike fashion. Finally, the dog is atop a totem animal, the tunny (tuna fish).

This Ancient Electrum Coinage of Cyzicus is an amazing piece of history. In other words, it is truly a rare artifact. It is also a collectors item. One to put away and relish. Above all, having one of the first coins ever made is of historical value.

In conclusion, starting in 650 B.C electrum coins were coins ever made. The material they use for the coins was a naturally occurring mixture of gold and silver found in and around streams and riverbeds.

If you’d like to own this amazing piece of history it is a tough item to beat. We love the value found in the earliest of all coinage: electrum. Talk to one of our Rare Coin Advisor to purchase this coin, or other like it. The coin shown is the exact coin you will receive.

Cyzicus Electrum Stater ‘Hound on Tunny’ NGC CHVF 4×4

Welcome to our new Rare Coins BLOG

You’ve come to the right place to learn all about rare coins. We want to Welcome to our new Rare Coins Blog.

Since 1989 Austin Rare Coins & Bullion has been an industry leader in precious metals and rare coins. We have rare coins from all around the world. This blog is designed to highlight and discuss our most interesting and unique inventory highlights. For instance, it may be a 2,000 year-old Roman coin, or a rare issue minted during the Civil War.

On this blog you will find the best we have to offer. We also want to share some fun and useful information. This is so you can understand better the fascinating world of rare coins.

This rare coins blog is an information tool. We hope to assist you in buying and selling Rare Coins. It can be US Rare Coins, World Rare Coins, or even Ancient Rare Coins. Just let us know how we can help. Whether you’ve just started collecting Rare Coins, or you’re a rare coins bug, this blog will have ideas for everyone.

Strong Demand For Coins

Today, there’s a strong demand for coins and growing base of coin collectors in the United States. In fact, coin collectors growing all around the world. In the 1980’s, coin dealers estimated the number of US coin collectors at 5 to 10 million.  “Ian Russell of Great Collections estimated there are 10 million coin collectors in the U.S.” Moreover, he declared it on the Larry King Show.

The global coin collecting (numismatics) market is valued at approximately $17.59 billion in revenue annually.” This industry is growing all around the world. In addition, many starting coin collectors are discovering the joys of collecting all types of coins. From Silver Dollars to Pre-1993 dated US Gold Coins. In addition, the massive shift of wealth to Far East nations has also brought many new coin collectors. They are coming from Japan, China, Asia, and the rest of the world.

In conclusion, welcome to our new rare coins blog. If you have questions call us at 1-800-928-6468. Speak with one of our knowledgeable coin dealers.

Carson City Morgan Dollars

It would be hard to argue that any coin embodies the history and allure of the American Wild West more than Morgan Silver Dollars. Carson City was just a fledgling town with only a few small gold and silver mines in 1859. The first gold and silver began to be extracted from what would prove to be the largest find of precious metals ever discovered in the history of the United States. All coinage from Carson City Mint is highly sought after with legions of collectors. This has created a constant demand to buy and sell Carson City Morgan Silver Dollars. This also provides downside price protection, and furthermore, offers true long-term value.

TCC Morgans which were once only seen primarily as collectibles, have now become accepted as profitable long-term investments. Adding United States Rare Coins to your portfolio can be an ideal way to balance your investment portfolio. Especially, when stocks, bonds, or other precious metal holdings go through down periods.

CC Morgan Silver Dollars at Austin Rare Coins

1881 CC Morgan MS67

All Carson City Morgans we sell have been certified by PCGS or NGC. You’ll find these certified CC Morgan Silver Dollars at Austin Rare Coins from years dating between 1878-1893. The Morgan Silver Dollar series is the most collected series of coins ever produced by the United States Mint.  In addition, those produced in Carson City Nevada are the most cherished of all the Morgans.

You should call and talk to one of our rare coin advisors. Most importantly, they are there to help you understand the rare coin market. For instance, they can help tell you what rare coins are best to add to your collection. In conclusion, recommend what rare gems meet your budget and expectations.

Thank you for stopping by and viewing Carson City Morgan Silver Dollars. Questions, give us a call at 1-800-928-6468. Want to learn more about CC Morgan Dollars?

Check out our “Carson City Morgan Silver Dollars (1878-1893)” report.

Gold Coins from the 1857 Ship of Gold

The SS Central America was also known as the “Ship of Gold.” It operated during the 1850’s transporting freshly mined gold from the California Gold Rush to New York. She did this twice a month until the largest hurricane of the 19th century struck on September 11, 1857.  The ship sank along with 425 souls. Gold Coins from the 1857 Ship of Gold, millions of dollars went into the dark waters of the Atlantic Ocean. The loss of the cargo was so important to the financial market that it caused the Great Financial Panic of 1857.

Continue reading “Gold Coins from the 1857 Ship of Gold”