Silver Markets Today and Silver Gold Stackers Twelve Day of Christmas Day 9
A new week is upon us yet again, it's hard to believe that November is already coming to a close. For those of us here in the United States it means a short work week with Thanksgiving coming up on Thursday followed by Black Friday. I've always enjoyed Thanksgiving, but will gladly pass on Black Friday. Far too much consumerism for my personal taste. I've always felt the holidays should be more about family than "stuff". Call me crazy...
Today we continue to see improvements in the price of Bitcoin and Hive which is always a welcome change. But today I won't be worrying about those, instead today will be more about silver. And of course, as I'm still in the middle of the Silver Gold Stackers Twelve Day of Christmas on day 9, it's only fitting that it be something made of the shiny metal.
For day 9 of the countdown I decided to go with another coin I've been wanting for quite some time, a US Trade Dollar. They were produced for a very short time in the late 1800's and are beautiful coins. So today I found a nice one on eBay that I would absolutely love to receive for Christmas from Santa. Have a look:
From eBay.com
Isn't that a pretty coin? I have always wanted to own a US Trade Dollar and is a coin that has eluded me over the years. Ideally I would like on in mint state but they are very hard to come by at a descent price. The price guide on this one would suggest it's worth around $1,850, way outside my budget so Santa would have to be extra kind this year. This one may stay on the waiting list for some time yet!
This one happens to be graded MS 61 by PCGS. For those new to coins the Professional Coin Grading Service (PCGS) is one of many companies that assigns a grade to a coin and securely seal it in a case to maintain condition. MS means mint state or as it would have looked when it first rolled out of the mint, and 61 is a grade assigned out of 70 possible points. 70 would be a perfect specimen, which for coins of this age just don't exist, but 61 is a high grade coin.
The US Trade Dollar was produced from 1873 to 1885, although business or circulating coins were principally ended in 1878 and only proof or collector's coins after that point. They were produced as a means to compete with other silver coins that were used for trade in Asia, and many were exported to China. Most coins there were damaged as merchants would make "chops" or a X shape cut into to coin to make sure it was really silver. Many others were melted down. As a result, these are fairly rare in good condition and tend to be very expensive!
The one below is from PCGS.com and is the same year, but a higher grade of MS 66, trending value on it is about $31,500 and only one is known to exist in this nice of condition!
From PCGS.com
It is oxidized a bit but the features are in amazing shape. The oxidation doesn't decrease the price of the coin, as a matter of fact some collector's prize it, especially when it comes out as a rainbow hue. But that's for another post...
Silver
Silver has had a phenomenal year and it looks to continue to become only more expensive due to shortages world wide. Not only is it used in jewelry, coins, and silver bars, it's used in most of the electronics you own including your smart phone. It's also used heavily in industry including X-ray films worldwide. Additionally it is also be bought up by governments world wide as a strategic reserve. This creates shortages as not enough is being mined to keep up with demand so prices will likely continue to climb.
It's a great place to invest right now, and holding physical silver in your hands is always wise. It has been used as money around the world for all of recorded history and even before. In one year from now silver will likely look very inexpensive at $50 per Troy ounce!
From Kitco.com, silver year to date chart
Precious metals are always a good place to park some of your wealth, and it's not only for the rich. It's how many of those very wealthy have built their wealth and managed to retain it.
I recommend crypto as well, especially since it's down in price, but eventually that will turn around. For me I see crypto and the precious metals the best place to park your investable income. Of course, I'm not a professional advisor, just my humble opinion.
TGLD
On the TGLD front, all tokens unsold during the pre-sale were burned today. And rewards are supposed to start paying now in either HBD on Hive or in USDC on Base. I am looking forward to seeing those rewards kick in today! I do like the fact that the rewards will be coming in HBD or USDC since the price of crypto is down overall right now. I'll keep you updated when I see the first rewards roll in!
That will wrap up my post for this Monday, I do hope you enjoyed my Twelve Days of Christmas Day 9. I think they are really nice coins, and one day I hope to be the proud owner of one myself! Please feel free to leave any comments or questions below, and as always thank you for all of your support, it really is greatly appreciated. Let's hope those crypto prices keep going on up, and I'll see you all back here tomorrow! Have a great week everyone!
References:
https://en.wikipedia.org/wiki/Trade_dollar_(United_States_coin)
https://www.pcgs.com/coinfacts/coin/1877-t-1/7044
https://www.kitco.com/charts/silver
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
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Really? It's kind of hard to believe that one is considered a better condition than the other one. It seems to be a bit more tarnished or whatever. I guess it's a good thing I just dabble. I wouldn't know any better!
That's why when it comes to older coins, buy graded ones only. Even though the tarnish may look worse, the details are better. The "patina" is a bonus for collectors! Buying graded coins is always safer as there are established price guides and you know exactly what you are buying.
The ungraded coins may look nice, but many times they will be cleaned, reducing their value significantly. Old coins are very fun to collect, but I almost always buy graded ones unless I can see the coin in person and feel that it's an undoctored coin. But even then you are taking a risk!
Good to know! Thank you!
I had a chance to get a really beautiful one many years back at coin show. I didn’t pull the trigger and I’m a little pissed that I didn’t. It’s nearly tripled in price since then.
!pimp
those who happen to somehow able to retrive that from a veyr old house or old building, is hitting a huge jackpot. !LOLZ !PIZA !LUV
such a a beautiful coin my friend.
Spot on about parking some of your wealth in precious metals, my friend!👍😊
Very liquid if you need money in a pinch, you could easily sell some Gold or Silver!👍😊
Hear, hear, @thebighigg
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The American Trade dollar is a coin I've been debating myself to get since it played an indirect role in my family history. So far I have a the 'slightly' impaired Trade dollar recovered from the SS Japan and I would like a coin that is of collectable condition to display with it.
Recovered 1874 CC Trade dollar from the SS Japan.
Every time my Hong Kong dealer finds one I am tempted to buy it.
!PIMP
Las conexiones familiares pueden establecer el rumbo acertado. El corazón habla y la pasión, desborda. A por el dólar. Buena motivación te asiste.
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Anything from a shipwreck is not "impaired"! That coin is sexy, I would love to have one like that. Very, very cool! Best part of all is that it's a Carson City, it doesn't get much sweeter than that!
!PIMP
Very nice !PIMP
it is great to know that oxidation does not decrease the value of the coin
It is good that the rewards for TGLD will be in HBD or USDC
agreed that Silver have a phenomenal year 2025
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