Douglas Winter Numismatics (DWN), a Portland, Oregon firm specializing in choice and rare United States gold coinage, recently sold the single-finest-known example of the 1855 Wass, Molitor & Company Small Head $20.00, graded MS62 by PCGS and approved by CAC. The coin was sold to a specialized collector in Southern California, and the reported price was in excess of $200,000 USD.
Gold hit new all-time highs Monday. Silver, meanwhile, is only around $24. The grey metal will outperform gold from here. Gold hit a new all-time high in dollar terms Monday, and silver rose to a seven-year high of $24. Most analysts see the metal moving far higher. With silver at $24 per ounce, the metal has been a clear laggard.
A very rare 1714 Mexican gold coin, known as the Presentation 8 Escudos, could sell for between US$200,000 and US$400,000 at a live auction on Aug. 6 in Las Vegas. The coin was believed to be minted for Spanish dignitaries, most likely for the king, as a symbol of Spain’s success in expanding into the New World, according to Stack’s Bowers Galleries, a leading numismatic auction house that is handling the sale. This coin and others like it were aboard a fleet of galleons headed from the New World to Spain in 1715. The ships all sunk in a hurricane when they neared what is today known as the Florida Keys, according to the auction house.