Today's Spot Prices Gold: $1,317.30$15.80

 

Silver: $15.54$0.24

 

Gold

  • Cybercrime, Cryptocurrency, & How to Keep Your Money Safe

    Have you ever heard of the saying “harder to break into than Fort Knox?” The phrase means that accomplishing a task is difficult, bordering on the impossible. A huge portion of the US’s past gold reserves were stored at Fort Knox in the past and it was never robbed. Gold is safe to invest and safe to own – it’s been a proven safe haven asset for centuries. Read More »

  • Rare Coin Market: Why are rare coins so popular?

    As the stock market’s bull run continues, investors are looking to find ways to diversify their holdings and the rare coin market has been an answer to many. The popularity of holding on rare coins as investments has skyrocketed, due to the similarity the market shares with vintage items. However, a key difference is that the rare coin market has a rock-solid infrastructure of auctions and graders that keep the market liquid and reliable. Read More »

  • Why Gold is a Safe Haven Investment

    Gold has always been a compelling financial option– for decades, even centuries, investors have all been attracted to gold bullion as a safe haven investment. The expectation from many investors it that gold prices stay stable or even increase during times of market turmoil, and it turns out that they are right. Read More »

  • The Risks of Using Banks for Gold Storage

    Sorry, You Can’t Have Your Gold - by Jeff Thomas

    We regularly caution our clients of the risk involved in storing wealth in banks.   Read More »

  • International Precious Metals Secures Entire Mint Box of Rare Gold American Eagle Coins

    (June 6, 2016) - International Precious Metals (IPM), a leading provider of rare certified coins and physical precious metals, announced today Read More »

  • Chinese Yuan Aims to Knock Out the American Dollar

    The almighty American Dollar’s current reign as the “World Champion” reserve currency may be coming to a end.  The aim is for the chinese yuan to knock out the American Dollar, and has made aggressive moves in precious metals to achieve their goals.  With the creation of its Asian Infrastructure Investment Bank (AIIB), they will challenge the U.S. dominance of the world’s financial system. Read More »

  • Edmund C. Moy Signature Labels available at International Precious Metals

    Edmund C. Moy Signature Labels

    Edmund C. Moy is a former U.S. Mint Director, celebrated author, respected economist and sought-after public speaker.  Born in Detroit, Michigan, he was raised in Waukesha, Wisconsin.  He has been celebrated for his pioneering work at the U.S. mint and has been honored with Edmund C. Moy signature labels . Read More »

  • 7 Urgent Reasons to Buy Gold Now

    Wise investors are drawing closer to Gold's defensive, safety haven, functionality. Physical gold is private, portable, secure and immutably valuable. Historically, it has retained its value, maintaining through the collapse of governments and even cultures. No paper asset offers the same security.Gold’s safety haven appeal often benefits from uncertainty in the wider financial markets.
  • Tommy Thompson & The Sunken SS Central America

    Tommy Thompson, the fugitive treasure hunter responsible for recovering thousands of gold bars and rare coins from the shipwrecked S.S. Central American and accused of cheating investors out of their share has been apprehended by authorities and was recently brought before a Florida court.

    The S.S. Central American Boat Sets out for Sail in 1857

    The S.S. Central America, a 280-ft steamer, later known as the Ship of Gold, operated between Central America and the eastern coast of the United States during the 1850s. In September of 1857, a trip from the Panamanian port of Colon to New York, turned into a nightmare when the steamer was struck and sunk by a Category 2 hurricane off the coast of South Carolina along with more than 550 passengers and crew and 30,000 pounds of gold.

    About 153 passengers escaped in a lifeboat, 50 were saved from the waters by a Norwegian boat and another three were rescued a week later from a lifeboat. However, none of the 30,000 pounds of gold - 10 short tons, valued at the time at approximately $2 million - were recovered.

    Tommy Thompson Sets Out for Exploration

    At the age of 31, Tommy Thompson convinced 161 investors to fund an underwater expedition to recover the treasure of the sunken S.S. Central American. Thompson was an oceanic engineer at Battelle Memorial Institute in Ohio, was known for his brilliance. This shipwreck- underseabrilliance, coupled with an energetic charisma, drew investors to his vision like flies to honey.

    Though Thompson was following in the footsteps of countless others who failed to find the wreckage, his methodology was sound after years of preparation and study.

    Thompson and his company, Columbus America Discovery Group, found the shipwreck on October 1, 1988. They excavated about 5 percent of the sunken gold and by early the next year, he and his crew docked a ship in Norfolk, Virginia, loaded with thousands of pounds of gold that had sat undisturbed at the bottom of the Atlantic Ocean for 131 years.

    Gold Fever

    Not long after Thompson's 1989 victorious return to the Virginia dock, he became entangled in decades-long legal battles with investors, insurers and crew members who claimed to have been cheated of their share of the gold. First up were 39 insurance companies claiming their company insured the cargo ofthat steamer in 1857. The issue was resolved in 1996 when a court awarded Thompson 92 percent of the haul, the rest to be divided among shipwreck-battling-ocean-wavesinsurers. The court's decision gave hope to investors that they'd be compensated soon.

    In 2000, Thompson sold 532 gold bars and thousands of coins to the gold investment company for about $50 million. But by 2005, 161 investors still hadn't seen any compensation. Two of them, a now-deceased investment firm president and the Dispatch Printing Company, who together invested about $1.2 million, sued Thompson.

    The following year, nine of Thompson's crew members piled on with suits of their own.

    On Aug. 13, 2012, a federal judge found Thompson in contempt of court after he failed to appear at a court hearing and a warrant was issued for his arrest. His was located and arrested on Tuesday, January 27, by U.S. Marshals who followed his companion and fellow fugitive Alison Antekeier to a Hilton hotel in West Boca Raton where it is believed the two had been living for a long while.

    Thompson reappears in Court

    Late last month, the fugitive treasure hunter appeared in a Florida court in shackles after his capture ended more than two years of running from authorities and the investors who funded the expedition that brought him unimaginable fame, wealth and, ultimately, grief.

  • Coin Experts Survey 2017: Infographic

    Here at International Precious Metals, one of the premier online coin dealers, we are always striving to bring the numismatic world to the masses, by raising awareness and interest to the rare coin community. In an effort to do this, we reached out to over 30 coin and numismatic experts, including coin club presidents and renown coin bloggers.

    Below is an infographic detailing our findings, along with an explanation and background for each question, followed by a list of those who agreed to have their names and affiliations published. Enjoy!

    One of the most common mentioned coins is the Eagle, so feel free to check out our modern American Gold Eagle 1 o/z Common Date Coin for sale here.

    (Click on the infographic to expand.)

    Coin Experts Survey 2015 Infographic

    Feel free to embed this infographic on your site, or copy and paste the image and link back to us.

    Below is an extrapolation of some of the "behind the scenes" answers to survey questions. (It should be noted that the names and references to the coins listed in our answers were not altered, in order to preserve the authenticity of the vernacular of our coin experts.)

    Will the Penny be phased out?

    This has been a perennial question for the US government, as well as a gripe by many private citizens. The US Mint currently loses over $50 million a year from Penny production, and it seems that the experts have spoken: 56% of them think it should be abolished, and believe that it will happen by the year 2026 (average mean).

    What President deserves his own denomination?

    This is another heated question that is constantly discussed by not just the numismatic community, but among history buffs, political enthusiasts, and many others. Even though he was President just 25 years ago, Ronald Reagan won the poll with 41%. In a close second place, Theodore Roosevelt carried 30%. Harry Truman came in third with 11%. It should be noted that all Presidents have already been featured or are slated to appear on a coin as part of the Presidential $1 Coin Program, authorized by Congress in 2005.

    Will there ever be a new denomination? If so, what amount?

    This question intrigued many experts, but ultimately, the majority (70%) said that they don't foresee the US Mint introducing any new denominations. Of the 30% who did believe that a new denomination will be created, the results were evenly split: 15% suggested a $200 bill, and 15% suggested a $5 coin. With inflation consistently on the rise, a $200 bill is not outrageous, though it might take some time.

    Which coin/bill will the US Mint bring back into mass circulation?

    Similar to the prior question, there were a large number of abstentions here, as 44% said that the US Mint will not bring back any of the above mentioned coins/bills. Of the listed coins/bills, the $2 bill won the vote with a solid 28%, while the Susan B Anthony coin received 12%. The Sacagawea and Kennedy half-dollar garnered just 8%. The $2 bill was officially discontinued for mass circulation in 1966, though it is still considered legal tender.

    What is the most overvalued coin on the market?

    Although experts gave many answers, the predominant choice was Morgan dollars. Here were  a few other answers which did not receive enough of a majority of votes: 1943 Lincoln Cent on Dime Planchet, 1875 CC Twenty Cent piece, 1804 Dollar, 1804 Large Cent, new release Gold Kennedy Half Dollars, Liberty Shield Nickels, 1955 Lincoln Double Die, State Quarter Proof sets, 1933 Double Eagle, & 1881 Silver Dollars.

    What is the most undervalued coin on the market?

    A fair amount of the answers here fixated on silver coins, but overall, three cent coins took the crown. Some of other undervalued coins offered up were: Indian Cents, Liberty Nickels, Jefferson Five Cents, 1876 Twenty Cent pieces, 1945, 1946, & 1947 Silver Dollars, Fugio Coppers, Canada Silver Dollars, wheat Pennies, Indian Head Gold Eagle, Flying Eagle Cents, Mint Barber coins, Proof Mercury Dimes, pre-1836 silver, & 1927 D Nickels.

    What is the hardest coin to locate?

    Many coin experts left this question blank, as it seems that every coin is locatable. Of course, it came as no surprise that the famous (or infamous) Liberty Nickel led all other coins in this category. Some other coins listed were: 1863 3 Cent Silver Proofs, Choice 1793 Chain Cent, territorial gold coins from the California Gold Rush, 1790's Copper Coins in Mint Red, the 1909 O Barber Quarter, 1804 Draped Bust Dollar, 1856 Flying Eagle, and the 1894 Silver Dollar.

    What is your favorite coin?

    Unsurprisingly, there was no specific coin which received more votes than others in this category, as coin experts each have their own subjective, fickle tastes. Here are most of the coins that were listed as answers: Gold Kennedy Half Dollar, Planchet Errors, 1982 Lincoln Memorial Penny, 1946 Iowa Statehood Centennial Commemorative Half Dollar, 1916 Standing Liberty Quarter, 1907 High Relief $20, 1794 Large Cent, 1921 Walking Liberty Half Dollar, 1732 Pillar Dollar, 1955 Double Die Lincoln Penny, 1804 Silver Dollar, 1907 St Gaudens $20, 1922 'NO - D' Cent, 2009 Double Gold Eagle, Roman Republican Denarii (Sabinus 89 BC), & 1849 Proof $20 Liberty.

    What is your favorite Coin Series?

    Although there was no specific coin series that dominated answers, there was some similar overlap, which we grouped together for the sake of our infographic visual above. This included Liberty Nickels, Quarters, Halves, and Dollars representing 17%, many types of Lincoln Pennies securing 14%, various Morgan Dollar series grabbing 10%, with Barber Quarters and Dollars as well as Kennedy Half Dollars each netting 7%. Among the miscellaneous coins which represented 44%, some of the mentions included: Peace Dollars, Canadian Silver Dollars, Half cents, Washington Quarters, Standing Liberty Quarters, Colonial and post-Colonial Copper, Liberty 'V' Nickels, Buffalo Nickels, Mercury Dimes, and Walking Liberty Halves.

    If you didn't collect coins, what would you collect?

    Stamps was the narrow victor here, securing 16% of coin experts' hobby preference. There was then a 4-way tie with 10% each for bottles, antique guns, spaceflight memorabilia, and art. The remaining miscellaneous hobbies included some of the following: Hot Wheels, postcards, vintage trains, autographs, error items, tokens, poker chips, rock and roll albums, gems, and muscle cars.

     

    Coin Experts Reference List:

    1. Mark Lighterman, President of CONECA (Combined Organizations of Numismatic Error Collectors of America)
    2. Michael McNeil, President of Madison County Coin Club
    3. Michael Turrini, President of CSNA (California State Numismatic Association) Solanocoinclub.com & Calcoin.org
    4. Merle Avila, President of Redwood Empire Coin Club
    5. Brian Grant Duff, Vancouver Numismatic Society &  Allnationsstampandcoin.com
    6. William Eckberg, President of EACS (Early American Coppers Organization)
    7. Pierre Fricke, President of SPMC (Society of Paper Money Collectors)
    8. Richard Parsons, Numismatic Expert
    9. Brian Lowe, Numismatic Expert, Theperfectcoins.com
    10. Rusty Scropper, Numismatic Expert, Coinsniper.com
    11. Charmy Harker, Women In Numismatics, Thepennylady.com
    12. Tony Swicer, President of FUN, (Florida United Numismatists) Funtopics.com
    13. Michael Kittle, President of Glendale Coin Club, Kittlecoins.com
    14. Bill Woscott, President of Richmond Coin Club
    15. Scott Barman, Numismatic Expert, coinblog.ws
    16. Kurt Springfield, President of Madison County Coin Club
    17. Gene McPherson, President of Pasadena Coin Club
    18. John Fryar, President of Albuquerque Coin Club
    19. Harold Katzman, Corresponding Secretary of NASC (Numismatic Association of Southern California)
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