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I think you can attach PDFs, you just can't display their content within the body of your post.

 

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Here's another super low mintage Peruvian gold coin, mintage of 300. The following year in 1969 only 403 struck. Yet have a look at recent results. Has as much gold in it as a double-eagle. The coin in my collection most surely is PL though not attributed as such.

 

Yes I agree, I've bought gold from Liberty at least twice, maybe even more!

 

Or just ping my email at corvettekid1969@gmail.com and I'll send it to you direct.

 

Here's the article....I hope.

 

Yep, that worked! And here's a screen cap of the content:

 

Well, some things never change with the government. Even in 1931 it appears that $78,000 FV in gold was considered "negligible" -- I think that's been my problem all along, I don't think in negligible amounts nearly enough.

 

In general, I figure a 0.16% contribution to a total is "negligible", at least when it comes to discussing the broad distribution of the total.

But even if it's termed "negligible", neither I nor the Fed would actually neglect that amount. It's still accounted to the penny, I'm sure.

 

I also just noticed the ending sentence regarding ther Federal Reserve: "...a banker close to the situation remarked yesterday that it could well continue to sell the metal longer than the buyers could pay for it."

CLEARLY not the case 2 years later.

 

Very interesting, thanks for posting.

What was the purpose for these small, generally "poor" countries to have limited mintage of gold coins ? Was it for an elite few, maybe the government or military juntas ?

Certainly, the volume was not sufficient for general distribution (I doubt they would be circulated) and I don't believe any of these countries were on any gold standard.

As with the Vatican, I think these are almost minted as annual commemoratives, no ?

 

Good questions. To the extent that Peru is a major producer of gold, it makes sense they would strike gold coins just like South Africa. I find it interesting that the designs are so similar to the Seated Liberty series struck in the United States in the 19th century. Also, the Inca Head 50 Soles is exactly the same specs as a double-eagle: 0.9675 AGW. The only other Latin-American country with similar US standards was Guatemala, but I believe their gold was struck in Philadelphia which explains the similarity. These Peruvian coins weren't, they were all struck at the mint in Lima and any resemblance to US issues must have been to attract US collectors/investors.

 

I logged into SBG and do not see anyplace for this Gold market Subscription to subscribe. Am I missing or overlooking something? The only thing I see is their gold melt calculator. I only collect (horizontal stacks ) gold. Outside of my completed gold China Panda collection I found AGE etc contemporary bullion VERY boring and plan to start classic Pre-1933 US gold type/collection in 2026 to take advantage of almost giveaway/melt-level premiums.

Can you point me to this SBG subscription? Thanks for your help.

 

[QUOTE="Can you point me to this SBG subscription? Thanks for your help.[/QUOTE]

I couldn't find the link either, and nothing on the daily email about how to sign-up. I don't remember how I got signed-up for it originally, was many years ago. But if you email them at info@StacksBowers.com and request to be added to The Daily Gold Fax sheet I'm sure they would be happy to add you.

Once you get the email, clicking on the bid/ask sheet takes you to a PDF on your browser with the most current spreads. The bid prices are for solid examples of the grade. With premiums down considerably that's less important than it once was, but for coins in MS66 it better look like an MS66 or they won't pay the quoted price.