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17th Century Silver Gilt Snuff Box

17th Century Silver Gilt Snuff Box
Photo Credit: CJ Antiques Ltd

17th Century Silver Gilt Snuff Box

Buy It Now Price: $865 (price as of 2018; item no longer available)

Pros:

-This 17th century silver gilt snuff box has been made from two large silver coins: an Austrian Taler of Ferdinand II and an English Crown of James I.

-This unusual round antique box measures 45 mm (1.77 inches) wide by 17 mm (0.67 inches) deep and contains 85.3 grams (2.74 troy ounces) of solid silver alloy.

-Inhaling very fine tobacco dust was popular among European nobility from the early 17th century to the mid 19th century.  As a result, lavish snuff boxes were the iPhones of their day – a must for any well-to-do gentleman or lady of high class.  These small silver boxes were typically gold-gilt in order to resist the corrosive effects of tobacco.  Antique snuff boxes are often similar in construction to vinaigrettes, which were intended to carry perfume soaked sponges instead of tobacco.

-A modern buyer could use this extravagant antique snuff box to as a pill box, jewelry box or trinket box today.

-The top of this silver gilt snuff box features a silver Taler coin of Ferdinand II, Archduke of Further Austria and the Tyrol.  Ferdinand II, a scion of the Hapsburgs, ruled from 1564 to 1595.  He was also the younger brother of the sitting Holy Roman Emperor, Maximilian II.

-The bottom of this 17th century silver box is made from a silver Crown of James I, the King of England from 1603 to 1625.  James was originally the king of Scotland and it was during his reign that the monarchies of England and Scotland were first combined in what would later become the United Kingdom.

-Crowns and Talers were massive silver coins that weighed in at a hefty 30 grams (0.96 troy ounces) each.  These large silver coins had considerable buying power during the 16th and 17th centuries.

-This snuff box would have contained about 14 shillings worth of silver when measured in 17th century English currency.  To put this substantial sum of money in context, it would have been enough to buy 175 stout oak boards or 168 pounds (76 kilos) of prime grade beef, or rent a room at an inn for 42 days straight.

-17th century antique silver is very rare today.  There were never very large amounts of it made and nearly all of that has been melted down over the intervening centuries.  The buyer of this fine silver gilt snuff box will be in very exclusive company.

-This beautiful old silver box was fire gilt both inside and out.  Fire gilding, also known as mercury gilding, was the original and best way to gold-plate metal.  Unfortunately, fire gilding died out in the mid 19th century with the rise of cheaper, but inferior electroplating methods.

-At only $865, this 17th century silver gilt snuff box is an investment-grade piece of early antique silver available to the connoisseur at a modest price.

 

Cons:

-While this antique silver box is in exceptional condition for being over 300 years old, there is one old, inconspicuous file mark on the side.  This was undoubtedly done centuries ago by someone who wanted to test whether the box was solid silver (which it is).

-Although the form is unmistakably old, I am unable to determine where this interesting silver gilt snuff box was made.  Because it has a coin from both England and Austria, it is natural to conclude that it was made in one of those two locations (although Southern Germany, which was also part of the Hapsburg domain, is another logical choice).  In any case, I feel confident that it was fabricated in Europe sometime between about 1660 and 1720.

-This 17th century silver gilt snuff box is not hallmarked.  It wasn’t unusual for small, personal items made from precious metals to lack hallmarks during this period.  However, hallmarks would have helped us determine its country of origin and age more precisely.

 

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Vintage Walking Liberty Half Dollar Roll

Vintage Walking Liberty Half Dollar Roll
Photo Credit: APMEX

Vintage Walking Liberty Half Dollar Roll

Buy It Now Price: $128.40 (price as of 2018; item no longer available)

Pros:

-This vintage Walking Liberty half dollar roll contains $10 face value of circulated U.S. 90% silver coins that were struck over 70 years ago.

-The Walking Liberty half dollar is a substantial coin, with a gross weight of 12.5 grams and a diameter of 30.6 mm (1.2 inches).  Like all pre-1965 U.S. dimes, quarters and half dollars, it was struck from 90% silver for a net precious metal content of 0.3617 troy ounces per coin.  The entire roll is assumed to contain 7.15 troy ounces of silver (after accounting for a small wear allowance).

-The seller is APMEX – a well-respected precious metals dealer based in Oklahoma City, Oklahoma.  APMEX is the world’s largest online precious metal retailer with aggregate sales of over $10 billion since its founding in 1999.

-Pre-1965 U.S. 90% silver coins are, without a doubt, the absolute cheapest way to buy fractional silver in the market today.  Junk silver is also widely recognized, making it an extremely liquid investment.

-Designed by the American sculptor Adolph A. Weinman, the Walking Liberty half dollar was minted between 1916 and 1947.  It is widely regarded as one of the most beautiful coins in U.S. history – so much so that its portrayal of Liberty was resurrected in 1986 for use on the tremendously popular American Silver Eagle bullion coin.

-With silver trading at $14.64 per ounce, each Walking Liberty half dollar roll has a melt value of just under $105.  This means the rolls are selling for a premium over melt of just 22.6%, a very reasonable sum for such desirable semi-numismatic coins.

-Silver bullion is a tremendously undervalued asset in today’s market.  Consequently, junk silver is a fantastic way to protect yourself from the near-continuous depreciation that the U.S. dollar has experienced over the past 90 years.

-If you are interested in investing in silver, it is tough to go wrong with a vintage Walking Liberty half dollar roll.  These old coins will undoubtedly see strong future demand from both coin collectors and silver stackers.

 

Cons:

-This Walking Liberty half dollar roll contains semi-numismatic coins that are in average circulated condition.  This could include lower grade coins that are in VG-8, G-4 or even AG-3 condition.  For collectors looking for higher quality coins, APMEX has rolls of XF Walking Liberty half dollars available for about $170 each.

-This Walking Liberty half dollar roll is not the cheapest junk silver available.  A $10 face value roll of pre-1964 Washington quarters or 2 $5 face value rolls of pre-1964 Roosevelt dimes would cost you about $10 less.  However, a lot of people prefer the history and beauty of the Walking Liberty design and are willing to pay a small premium for them.

 

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1937 British Proof Set for King George VI’s Coronation

1937 British Proof Set for King George VI's Coronation
Photo Credit: EnglishCoinCompany

1937 British Proof Set for King George VI’s Coronation

Asking Price: $616 (price as of 2018; item no longer available)

Pros:

-The United Kingdom issued this magnificent 15-coin 1937 British proof set to commemorate the coronation of King George VI.

-This King George VI coronation proof set consists of 15 different coins.  Seven coins are regular circulation silver pieces: a crown (5 shillings), 1/2 crown (2 1/2 shillings), florin (2 shillings), 2 different designs of shillings, a sixpence and a threepence.  Four coins are silver Maundy issues: a groat (4 pence), threepence, twopence and a silver penny.  The remaining four coins are base metal: a brass threepence, bronze penny, half-penny and farthing (1/4 penny).

-This lovely proof set comes with its original silk-lined, red box!  Early 20th century British proof sets have some of the best original packaging of any proof sets.  They are absolutely classic – just what you would expect from an august institution like the Royal Mint.

– Before decimalization, 1 pound equaled 20 shillings, while 1 shilling equaled 12 pence.  This made each pound worth 240 pence.  Thankfully, this unwieldy medieval currency system was finally phased out with the arrival of decimalization in 1971.

-This 1937 British proof set is a pre-World War II issue originating from a time when the British Empire was still intact.  It is a universal rule that coinage from an empire near its apogee is more desirable than coins minted during its decline.

-The face value of this 1937 British proof set totals 13 shillings and 5 3/4 pence.  This would have been equivalent to around $3.37 at prevailing 1937 exchange rates, or just under 1/10th of an ounce of gold.

-This classic British proof set includes Maundy money.  Maundy money is special coinage handed out by the monarch every year on Royal Maundy, the Thursday before Good Friday.  This uniquely British tradition has persisted since King Charles II first handed out these small silver coins in 1662.

-For much of the 20th century, Great Britain only issued proof sets for special occasions.  These included the coronation years of 1902 (King Edward VII), 1911 (King George V), 1937 (King George VI) and 1953 (Queen Elizabeth II).  Sets were also issued in 1927 (in honor of a coinage redesign), 1950 (to celebrate the end of WWII austerity) and 1951 (for the Festival of Britain).  The British Royal Mint didn’t begin striking proof sets every year until 1970.

-This vintage British proof set contains an impressive number of silver coins – 11 in total.  Like circulating British coinage of the time, all of these specimens were struck in 50% silver.  Until 1920, all British silver coins had been struck to the higher sterling standard.  But the incredible expense of World War I prompted the British government to adopt cost savings measures, including a lower standard for their silver coinage.  After World War II nearly bankrupted the U.K., all silver was removed from the country’s coinage in 1947.

-This 1937 British proof set has a mintage of only 26,402 sets.  This is relatively low, especially compared to 1950s and 1960s U.S. proof sets, which were generally issued in the hundreds of thousands or millions.

-Given the excellent condition of this vintage proof set and the fact that it is one of the few pre-modern British sets available, I find the $616 asking price to be fair.

 

Cons:

-In my opinion, the 1902 and 1911 British proof sets from the height of empire are much more desirable.  However, they are also significantly more expensive.  The 1927, 1937, 1950, 1951 and 1953 proof sets offer much more accessible price points for the aspiring coin collector or investor.

-This 1937 British proof set doesn’t include any gold coins.  Instead, there was a separately issued 4-coin gold proof set, which is highly desirable today.  Unfortunately, it is also extremely expensive (£9,500 at auction in 2018), with prices having risen considerably over the past 10 to 15 years.

-You can sometimes find these 1937 proof sets for less money, but they often contain coins that have been rubbed, scratched or otherwise compromised.  These are known in the field of numismatics as impaired proofs and should generally be avoided.

 

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A Hoard of PCGS Certified 1890 $10 Liberty Head Gold Coins

A Hoard of PCGS Certified 1890 $10 Liberty Head Gold Coins
Photo Credit: avc-numismatics

A Hoard of PCGS Certified 1890 $10 Liberty Head Gold Coins

Buy It Now Price: $900 (per coin) (price as of 2018; item no longer available)

Pros:

-This covetable hoard of one dozen 1890 $10 Liberty Head gold coins has been certified About Uncirculated (AU-50) in condition by PCGS (Professional Coin Grading Service).

-These substantial gold coins have a diameter of 27 mm (1.06 inches) and contain 0.4838 troy ounces (15.05 grams) of pure gold.  With spot hovering around $1,200, each of these 1890 $10 Liberty Head gold coins has a melt value of around $580.

-The U.S. $10 Liberty Head gold coin was struck from 1838 to 1907 – a run of nearly 70 years.  Old $10 gold pieces were also known as gold eagles.

-These 1890 $10 Liberty Head gold coins have been third-party, PCGS certified AU-50.  About Uncirculated coins only have a bit of wear on the very highest points of their design.  They generally possess excellent eye appeal without the astronomical costs of fully uncirculated specimens.

I’m a big fan of pre-1933 semi-numismatic U.S. gold coins, which trade halfway between bullion pieces and numismatic specimens.  With a premium over melt of 55%, I consider this hoard of 1890 $10 Liberty Head gold coins to be semi-numismatic, although they are beginning to shade into the fully numismatic category.

-The 1890 $10 Liberty Head gold coin is a scarce date, with a mintage of only 58,043.  But the surviving population is undoubtedly much, much smaller, as most were melted, lost or otherwise destroyed over the decades.

-This hoard comes in PCGS “old green holders” (GEN 3.1), which were encapsulated between 1993 and 1998.  Old green holders are desirable because the numismatic community generally agrees they have been graded to a slightly higher standard than more recently certified coins.  There is the possibility that some of these 1890 $10 Liberty Head gold coins would grade higher than AU-50 if resubmitted to either PCGS or NGC today.

-Hoards and collections are some of the best ways to buy old coins because they tend to temporarily depress prices when they hit the market.  Take advantage of this investment opportunity while you can!

-According to their respective population reports, only 581 of this particular date have been certified by PCGS and 449 by NGC.  That is a grand total of just 1,030 examples certified by both major grading services in all conditions!

-These gold coins are absolutely gorgeous pieces of Americana!  They possess incredibly attractive toning that occurs naturally over the course of a century or more.  This is important because superior eye appeal is one of the primary drivers of numismatic investment return.

-With a buy-it-now price of only $900 a piece, I think these 1890 $10 Liberty Head gold coins are an excellent numismatic investment.

 

Cons:

-If you purchase one of these coins, you will receive a random coin from the hoard.  It may either be a better or worse AU-50 example, depending entirely on the luck of the draw.

-The seller also has a group of 17 PCGS AU-50 1890 gold eagles for sale that have been CAC (Certified Acceptance Corporation) verified.  The CAC “green bean” sticker indicates that a previously slabbed coin’s condition has been independently CAC certified.  CAC stickered coins are choice specimens for the grade.  A prospective buyer would have to choose between these PCGS old green holder coins at $900 each and PCGS old green holder coins with CAC stickers for $945.  Decisions, decisions!

 

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