September 2017, Volume 23 Issue 9 Liberty Service’s Monthly Review of Precious Metals and September 6, 2017 Higher And Prices—As Forecasted!

In the May 3, 2017 issue of Liberty’s 2017 Year To Date Results Euro -11.7% Outlook, I made a prediction that about Through September 5, 2017 Sweden Krona -12.5% the beginning of August this year Peso -13.8% Precious Metals would be the time when pressures U.S. Dollar Index 92.28 -9.8% +42.0% would build that would result in higher Gold +16.5% US And World Market Indices precious metals prices. Silver +12.3% Sao Paulo Bovespa +19.8% I did not necessarily expect sudden +12.0% NASDAQ +18.4%

sharp increases, but stated I anticipated Numismatics Dow Jones World (excluding US) +17.0% that prices by August 2019 would be US MS-63 $20 Liberty +13.4% Dow Jones Industrial Average +10.1% much higher than almost anyone today US MS-63 $20 St Gaudens +12.5% S&P 500 +9.8% US MS-65 Morgan Dollar, Pre-1921 -4.9% Shanghai Composite +9.0% would expect. Frankfurt Xetra DAX +5.6% From May 3 to July 31, the price of US Dollar vs Foreign London FT 100 +3.2% gold and silver both rose 1.6%, plati- Argentine Peso +8.6% Russell 2000 +3.1% num was up 3.7%, and palladium Philippines Peso +3.1% Nikkei 225 +1.4% jumped 10.7% Hong Kong Dollar +0.9% S&P/ASX 200 +0.7% Indonesia Rupiah -1.5% So, how have precious metals and Colombia Peso -2.4% 10 Year US Treasury Note interest rate 2.072% -15.3% other financial indicators fared from Peru New Sol -3.5% the end of July through yesterday, a Brazil Real -4.2% Energy and Other Metals span of just over five weeks? Dollar -4.3% Cobalt +85.0% Ringgit -5.0% Copper +25.5% Gold +5.7% Great Britain Pound -5.3% Zinc +24.6% Silver +6.5% India Rupee -5.7% Aluminum +21.5% Platinum +7.7% Yuan -5.8% Nickel +21.3% Palladium +8.2% Rand -5.8% Lead +18.5% Ruble -6.2% Molybdenum +5.1% Dow Jones Industrial Average -0.6% Switzerland Franc -6.2% Tin -0.7% NASDAQ +0.0% Won -6.2% Crude Oil, Brent -4.2% S&P 500 -0.5% Singapore Dollar -6.5% Natural gas, Henry Hub -22.3% Russell 2000 -1.8% Chile Peso -6.9% Japan Yen -7.0% Metal Content Value Of U.S. Sao Paulo Bovespa +10.2% Shekel -7.2% Lincoln cent, 1959-1982 2.09¢ London FT 100 +0.0% Taiwan Dollar -7.4% Lincoln cent, 1982-date 0.82¢ Frankfurt Xetra DAX -0.2% Thailand Baht -7.4% Jefferson nickel, non-silver 4.11¢ Nikkei 225 -2.8% Dollar -7.9% Roosevelt dime, 1965-date 1.86¢ Shanghai Composite +3.4% Australia Dollar -9.9% Washington quarter, 1965-date 4.66¢ Denmark Krone -11.7% Kennedy half dollar, 1971-date 9.31¢ Australia S&P/ASX 200 -0.3% US 10-Yr Treasury Int Rate -9.9% much has been spent thus far in 2017 to US Dollar Index -0.5% years that the price of gold serves effective- prop up stock prices all seem to be at ly as a report card on the US dollar, US gov- When you consider the above results, least $1 trillion. ernment, and US economy. keep in mind that two activities were In the circumstances, how did precious For many people around the world, the going on out of the public’s eye. metals perform so well in August, espe- choice for holding safe haven assets is be- First, There were multiple attempts cially compared to the overall lackluster tween US dollars and Treasury debt or gold to suppress precious metals prices dur- performance of the other financial indi- (and, by association, silver). Estimates of ing the month of August. ces? how many dollars and US Treasury debt is Second, governments, central banks, held by foreigners ranges from $12-16 tril- and investment funds have US Government Got Stuffed I have mentioned repeatedly over the lion. If the US government is in trouble, or continued to prop up stock prices all the US economy is weak, foreigners tend to year long by purchasing and stock futures. As I first mentioned last year, these entities now own more than Inside this issue: How US Government Suppresses Prices page 2 50% of all publicly traded stocks US Vulnerable to Devastating EMP Attack page 3 worldwide! The estimates of how US 90% Silver Is The Form To Buy page 4 (Continued from page 1) to $35.00 per . The original act author- Patrick A. Heller’s Upcoming Speeches reduce their holding of dollars and ized the ESF to deal in gold and foreign ex- and Appearances increase their demand for gold. change to stabilize the value of the US dollar. The US government is the world’s A modification of the law in 1970 allows the Postponed to a date to be determined in largest beneficiary of low gold and Secretary of the Treasury, with approval by 2018, Livonia, Michigan, Michigan silver prices. When precious metals the President, to use ESF assets to “deal in Treasure Hunters meeting. “The Rise prices are low, foreigners are more gold, foreign exchange, and other instruments And Fall Of Rome’s , And What It content to hold dollars. This helps of credit and securities.” Over the years, the Means For American Today.” Meeting hold down the interest rate that the US government has admitted using ESF assets starts at 7:00 PM at the Holy Cross Lu- federal government pays on its debt. for manipulating financial markets other than theran Church, 30650 Six Mile Road in Livonia. Guests are welcome at no For every 1% decline in the interest gold. charge. rate that the US government has to Further, in response to the massive one-day pay on $20 trillion in outstanding decline in US stock market prices on October November 24-26, 2017, Warren, Michi- debt, that reduced the federal budget 19, 1987 (The Dow Jones Industrial Average gan, Michigan State Numismatic Socie- deficit by $200 billion per year. If fell 22.6%), President Ronald Reagan signed ty Fall Convention. “The Story Behind the interest rates go up, that will also Executive Order 12631 on March 18, 1988 to The 2018 Michigan America The Beauti- boost the budget deficit. establish the Working Group on Financial ful Quarter Honoring Pictured Rocks Na- Another benefit to the federal gov- Markets, popularly called the Plunge Protec- tional Lakeshore.” Time to be deter- ernment of having foreigners hold tion Team. The members of the Working mined. Macomb County Community massive quantities of US dollars and Group are the Secretary of the Treasury, Fed- College South Campus Building P, 14500 Treasury debt is that America re- eral Reserve Bank Chair, Securities and Ex- East 12 Mile Road in Warren. No charge ceives goods and services in return change Commission Chair, and Commodity to attend presentation but there may be a for exporting this paper. Should for- Futures Trading Commission Chair. charge to non-MSNS members who wish to enter the separate bourse floor. eigners want to reduce their holding The Working Group had three purposes—1) of dollars, then goods and services enhance the integrity, efficiency, orderliness, For more information on any event or to (and ownership in US businesses and and competitiveness of US financial markets arrange for a presentation at schools, sen- real estate) will be exported from the and maintain investor confidence, 2) consult ior citizen groups, Scout organizations, US in return for the import of paper with exchanges, clearinghouses, self- fraternal or business organizations, call obligations. This would have the ef- regulatory bodies, and major market partici- 800-933-4720 or email fect not only of increasing the federal pants to implement private sector support for [email protected]. budget deficit, it would also lower the first purpose, and 3) to report to the Presi- the standard of living for Americans. dent on the Working Group’s progress and, if all. However, here are some examples: On a random basis, there will al- appropriate, recommend any legislative ways be fluctuating prices in pre- changes. •Executing trades during thin volume cious metals and other asset classes. The mechanism. The US government does trading times which magnifies their In my judgment, though, the long- relatively little direct financial market manip- price impact. term trading patterns indicate delib- ulation. Instead, it almost certainly uses its 20 •Entering large one-time sell orders erate suppression of gold and silver primary trading partners (major US and for- that will tend to realize the lowest possi- prices. If accurate, who would be the eign banks and brokerage firms) and allied ble selling price, which is not the way primary beneficiary of such activity? central banks to execute the actual trades to that profit-maximizing sellers would dis- To me, the logical culprit is the US effect gold and silver price suppression. The perse their holdings. government. trading partners are not “required” to follow •Executing trades just before events There are multiple reasons why I the orders of the US government. However, happen that influence financial markets. consider that the prices of gold and they make commission income when execut- silver are being suppressed and that ing such trades and, if they did not cooperate •Changing commodity market mini- the US government is ultimately be- with the federal government, would lose their mum margin requirements for leveraged hind such actions. status as a trading partner (meaning the loss of transactions to force some long positions Legal authority. The US govern- that commission income). to be unexpectedly sold out. ment established the Exchange Stabi- Because these banks and brokerages conduct Propping up stock market prices, espe- lization Fund (ESF) as part of the financial transactions for a wide clientele and cially through trading in index futures, Gold Reserve Act enacted January even their own accounts, transactions conduct- to draw attention away from precious 31, 1934. The ESF was funded with ed on behalf of the US government would metals. $2 billion of the US government’s tend to become “lost in the shuffle” and not be The timing. There has been a multi- $2.8 billion paper profit when it apparent as to who was behind the trades. year highly consistent pattern of times raised the price of gold from $20.67 Further, these firms also know, from all of when gold and silver prices tend to de- their clientele, the stop-loss points and other cline. Again, not every example is listed Find more than a thousand nu- buy and sell limits accompanying prospective below, but these will give you some idea mismatic items offered for sale future trades. Access to this information of when to expect to see price dips: today in our eBay stores and on makes it easier to precisely trigger a buying or •Right before US financial reports are our company’s website. Gold, selling surge for a particular asset. issued such as the monthly jobs and un- silver, and copper coins, , In addition, the Bank for International Set- employment report, the quarterly Gross paper money, and other collectibles. tlements has listed among its services the exe- Domestic Product data, and the Con- On eBay, search for sellers Treas- cution of swaps and other financial transac- sumer Price Index. urechestofliberty or Collectablesof- tions that can be used to manipulate prices. The means. There are so many different •Going into meetings of the Federal liberty. Other items are for sale on Open Market Committee. our website at ways that precious metals markets can be ma- www.libertycoinservice.com. nipulated so as to possibly appear to be nor- •Before major politicians, such as the mal market reactions, that I cannot list them President, Treasury Secretary, or the (Continued from page 2) down 0.2% from the previous day. Summary Of Current LCS Chair of the Federal Reserve Bank •The next major suppression at- give major addresses or testimony to tempt happened on Friday August Recommendations For Precious Congress on matters related to the 25. Unfortunately for the US gov- Metals and Rare Coins economy or financial markets. ernment, that day started off poorly How much of your total net worth should be in •On the last trading days of each with the release of the durable precious metals and rare coins? month, especially those that are the goods sales data for July, which end of a calendar quarter. were down 6.8% from June. That Conservative Moderate Aggressive was the largest month-to-month de- 10-15% 20% 25-33% •Before the beginning of major in- ternational financial conferences, cline since August 2014. When this How much to allocate for each category of news hit the market, the US Dollar precious metals and rare coins?* such as those of the International Monetary Fund, World Bank, Bank Index fell to its then 2017 low, and Conservative Moderate Aggressive for International Settlements, or gold and silver jumped. But, right Gold 35% 30% 20% meetings of the G-7 or G-20 groups before Fed Chair Yellen was to give Silver 65% 60% 55% of nations. her speech in Jackson Hole, within Rare Coins 0% 10% 25% a 2-minute period a single trader TOTAL 100% 100% 100% •On days when gold or silver op- sold 2 million of gold plus tions contracts expire on the New multiple parties sold short 50 mil- *Platinum and palladium both have volatile markets York COMEX or the London over- lion ounces of silver. These quanti- with long-term supply/demand fundamentals that are the-counter market. ties represent more than 2% and 5% not as attractive as those for gold, silver or rare coins. While either or both might outperform gold, silver, or •Just, before, during, and right af- of annual worldwide mine output rare coins in the short- to long-term, to be conservative ter holiday weekends, which also for these metals, respectively. Such we have omitted them from our allocation. tend to be times of thin trading activ- large sales had the desired effect of instantly pushing down the gold ity. on America. You can read their re- As of Tuesday last week, the price price 1.4% and silver 3.0%. But, to the dis- may of the US government, both prices quick- ports at http:// of gold reached a 10-month high and www.empcommission.org/ the US Dollar Index reached a 31- ly shot back up, closing on the COMEX that day about 0.5% higher than the prior close. In their 2008 report on page 92 month low. This was absolutely not (available at http:// supposed to happen. There were •Things continued downhill for the US gov- www.empcommission.org/docs/ multiple events in the past two weeks ernment. Late on August 25, North Korea A2473-EMP_Commission-7MB.pdf) where the US government would launched three missiles. One did not clear the it states, have wanted gold and silver prices launch pad. The other two were described as “An EMP attack that disrupts the fi- knocked down. in-flight failures. However, these so-called in- nancial services industry would, in ef- First, there was the Federal Reserve flight failures occurred at altitudes that would fect, stop the operation of the U.S. Bank of Kansas City annual meeting cause the most widespread damage from an economy. Business transactions that in Jackson Hole, Wyoming August electro-magnetic pulse weapon, which would create wealth and jobs could not be 24-27. Federal Reserve Chair Janet the most devastating way to attack economi- performed. . . . The alternative to a Yellen gave a major speech as well cally advanced nations. disrupted electronic economy may not as Mario Draghi, the head of the Eu- •To compound the bad news, Hurricane be reversion to a 19th century cash ropean Central Bank. economy, but reversion to an earlier Next, on August 28, the COMEX Harvey struck the coast of Texas on short no- tice, flooding large parts of that state, includ- economy based on barter.” September Silver Options contracts When you put together the failed expired as of the close of trading. To ing many ports and oil refineries. With the expected tighter oil supplies in the near term, price suppression actions, the risky sa- minimize the sudden demand for im- ber rattling by North Korea (where the mediate delivery of physical silver gasoline prices rose, which tends to support higher gold and silver prices. US government and the regular media from those exercising their call op- are carefully avoiding the subject of tions at prices below the close, it was •Then, this past Sunday, the North Korean an electro-magnetic pulse attack), and necessary for the US government to government detonated a nuclear bomb under- the economic devastation already try to at least make sure that the sil- ground, which it claimed to be a hydrogen done by Hurricane Harvey (which ver spot price closed that day below bomb. The magnitude of the blast was con- may soon be augmented by the effects $17.00, and hopefully even lower firmed, though not whether it was a hydrogen of Hurricane Irma), it is no wonder than $16.75 or even $16.50. or conventional nuclear detonation. that this week, the US Dollar Index is To help make sure that prices were Between the missile launches and the deto- down near its lowest level in three suppressed in advance of those nation, there is a significant prospect that years and, during intraday trading to- events, there were multiple blatant North Korea may have the capability of deliv- day in New York, the price of gold actions that took place, all of which ering an electro-magnetic pulse weapon to reached its highest level since the fall were ultimately unsuccessful: detonate over the US mainland at least 300 of 2016. •On August 22, in a 2-minute peri- miles in altitude (where it would inflict the Over the past month, the standard od from 8:58-9:00 AM Eastern, a to- most damage). If such a weapon were deto- times when precious metals prices tal of 23.85 million ounces of silver nated over Nebraska, for instance, estimates would normally be clobbered have ei- were sold short on the COMEX, an are that as much as 90% of the US population ther not happened or have failed to amount equal to about 2.5% of annu- would die within twelve to eighteen months. hold. al worldwide new silver mining out- Some would die from lack of access to medi- It is entirely possible that the US put. Despite this massive dump, the cal supplies or care; most would die of thirst government had significantly depleted silver spot price fell less than 1% as or starvation. its economic ammunition available for this happened. The August 22 In 2001, the US government established the further gold and silver price suppres- COMEX close for silver was only Electromagnetic Pulse Commission to evalu- (Continued on page 4) ate the potential magnitude of such an attack (Continued from page 3) The Month that demand for these coins has sion. The next major indicator will be in been so strong that people were the 24-48 hours leading up to the an- Gold Range 66.25 5.2% able to trade in these coins and re- nouncement on Wednesday, September 20 Net Change +58.50 ceive other forms of that at the conclusion of the next Federal Open Silver Range 1.03 6.1% contain more ounces of silver, with Market Committee meeting. More than Net Change +1.03 the last time being in 2008. Should 90% of the time over the past six years there come a time where the gen- gold and silver prices have been sup- Gold/Silver Ratio 74.6 eral public is panicking to acquire pressed going into these meetings. If that Net change -1.0 physical gold and silver, supplies is not the pattern two weeks from now, Platinum Range 42.00 4.3% are almost certain to disappear. In precious metals prices could rise more Net Change +31.00 those conditions, 90% Silver Coins quickly than I previously thought. Even if Platinum/Gold Ratio 0.76 would be worth a substantial premi- prices are temporarily knocked down, I um to the value of their silver con- don’t see how that will change the overall Date Gold Silver Platinum tent. positive trend for gold and silver prices. Aug 09 1,273.00 16.83 976.00 Products such as 100, 10, and 1 Ounce Incidentally, even the US government Aug 10 1,283.75 17.03 985.00 Ingots (4.5-5.6%) are available at reason- report acknowledges that there could be Aug 11 1,287.75 17.04 990.00 able premiums. However, in times when significant value in holding barterable Aug 14 1,284.25 17.09 975.00 the premium for 90% has physical assets once the US monetary sys- Aug 15 1,273.75 16.69 967.00 soared since 1980, the premiums on the tem fails. Physical gold and silver fit this Aug 16 1,282.75 17.10 976.00 ingots, because they are in current produc- Aug 17 1,286.50 17.03 981.00 need perfectly. tion, did not rise as much. Aug 18 1,285.75 16.98 982.00 The numismatic silver coin market has Silver and Silver Coins Aug 21 1,290.75 16.99 985.00 Silver continued its strong surge from been somewhat quiet over the past few Aug 22 1,285.00 16.96 981.00 weeks. We have taken advantage of some July again in August and early September. Aug 23 1,289.00 17.03 981.00 It settled on the COMEX today at $17.86, Aug 24 1,286.50 16.95 982.00 opportunities to be able to offer the Can- $1.03 (6.1%) higher than four weeks ago. Aug 25 1,292.50 16.95 979.00 ada 2015 1-1/2 Ounce Silver $8.00 Po- lar Bear And Cub and Mexico Silver 5 Because of the higher spot prices, premi- Aug 28 1,309.75 17.43 989.00 ums have fallen slightly on most products, Peso Cuauhtemoc Commemoratives at Aug 29 1,313.00 17.42 1,003.00 bullion prices. Please see our offer. which remain readily available for imme- Aug 30 1,308.00 17.40 995.00 diate or short-delay delivery. Aug 31 1,316.25 17.48 995.00 Gold And Gold Coins Although demand for physical precious Sep 01 1,324.50 17.72 1,009.00 Gold was also up a healthy $58.50 metals has been strong in the Far East and Sep 04 closed (4.6%) from a month ago to close today at in Europe this year, the higher prices Sep 05 1,339.25 17.84 1,009.00 $1,331.50. brought out more sellers than buyers in Sep 06 1,331.50 17.86 1,007.00 As with silver, the trend in the US for

America. One consequence is that the Gold, silver and platinum quotes are work- more people to be liquidating their bullion premium for US 90% Silver Coins in spots at 1:45 EST/EDT each day, -priced physical gold coins and ingots (3.1%) fell even more than the change in quoted in U.S. dollars per troy ounce. than are purchasing them. In my judg- spot price would indicate. Shanghai Gold Exchange premiums above ment, those buying today will be very Now that 90% Silver Coins is selling at London spot prices as of newsletter date: happy they did so within a year or two. such a low premium, it is my all-around There have been a few premium de- recommended form of bullion-priced Gold: +$ 7.70 Silver: +$ 1.20 clines, especially for the US Gold Ameri- physical silver to purchase. can Eagle (3.4%), among the higher pre- Compared to other coins and bars it has Current Shanghai Gold Exchange mium forms of bullion-priced gold coins several advantages beyond the low premi- premiums can be tracked at and ingots. However, the low-premium www.didthesystemcollapse.com um. issues that we recommend such as the US 1. It is the most widely recognized ly diminishing. However, their li- American Arts Medallions (1.9%), the form among the general public. quidity is still unsurpassed. 100 Corona (1.5%), and the Mex- There are still tens of millions of 4. US 90% Silver Coins are the most ico 50 Pesos (2.3%) are still at the same Americans who remember spending divisible form available at a reasona- premiums they were last month. these coins. ble premium. One silver dime con- The prices of Pre-1934 US Gold Coins 2. They have status. If tains about 1/14th of an ounce of sil- tended to rise at least by the change in crossing national borders, that ver, making it much better for barter gold value, except that top quality Gem avoids a lot of hassles that would purposes, if ever needed, than coins State-65 pieces are still a bit soft. come up if carrying non-legal ten- or ingots containing a full troy There are some great values out there, if der ingots. It might also save on ounce or more of silver. you can find them. paying import duties. 5. To this list has to be added one more We did not pick up an sizeable bargain 3. They are also about the most liquid benefit—the potential to someday gold deals over the past few weeks but did form you can own. Thirty years perhaps sell it at a much higher pre- find some more of our popular Small Lot ago, this was the highest volume for mium above silver value than coins Bargains #2. See our flyer. of bullion silver that was traded. and ingots in current production. It Since the last of these coins are dat- has happened multiple times since ed 1964, however, their share of the the 1980 gold and silver price peak physical silver marketplace is slow- Liberty’s Outlook is published monthly by Liberty Coin Service, 400 Frandor Ave., Lansing, MI 48912. Telephone: National 800/527-2375 Fax: 517/351-3466 Website: www.libertycoinservice.com, E-mail: [email protected] Patrick A. Heller, Editor. Subscriptions are available at $159.00 per year (12 issues). Send subscription orders and changes of address to the above address. All information is derived from sources believed to be reliable, but accuracy cannot be guaranteed. No guarantee of profitability of any investment or recommendation contained herein is made or implied. Liberty Coin Service has been a dealer in rare coins and precious metals since 1971. Find recent commentaries and like our Facebook page at https://www.facebook.com/LibertyCoinService or on Twitter at @libertyfrandor. The publisher, its principals and associates may, from time to time, have a position in items recommended here. Copyright 2017, all rights reserved. LibertyLiberty Coin Coin Service Service Computer Computer Quotes Quotes 2PM 2PM EDT EDT 9.6.179.6.17 Spot Spot Prices Prices Item Item Qty Qty Fine Fine Wt Wt Price Price Cost/Oz Cost/Oz Premium Premium *U.S.*U.S. 1 1 Oz Oz Gold Gold Eagle Eagle 1010 1.00001.0000 1,379.751,379.751379.751379.75 3.4%3.4% Gold:Gold: $1,334.50$1,334.50 *U.S.*U.S. 1/2 1/2 Oz Oz Gold Gold Eagle Eagle 1010 0.50000.5000 716.75716.751433.501433.50 7.4%7.4% Silver:Silver: $17.91$17.91 *U.S.*U.S. 1/4 1/4 Oz Oz Gold Gold Eagle Eagle 1010 0.25000.2500 369.00369.001476.001476.00 10.6%10.6% Platinum:Platinum: $1,012.00$1,012.00 *U.S.*U.S. 1/10 1/10 Oz Oz Gold Gold Eagle Eagle 1010 0.10000.1000 151.50151.501515.001515.00 13.5%13.5% Palladium:Palladium: $943.00$943.00 *U.S.*U.S. 1 1 Oz Oz Gold Gold Buffalo Buffalo 1010 1.00001.0000 1,400.001,400.001400.001400.00 4.9%4.9% *U.S.*U.S. 1 1 Oz Oz Medallion Medallion 1010 1.00001.0000 1,359.751,359.751359.751359.75 1.9%1.9% Notes from Liberty *U.S.*U.S. 1/2 1/2 Oz Oz Medallion Medallion 1010 0.50000.5000 681.25681.251362.501362.50 2.1%2.1% By Allan Beegle LCS Chief Numismatist *Australia*Australia 1 1 Oz Oz Kangaroo Kangaroo 1010 1.00001.0000 1,396.001,396.001396.001396.00 4.6%4.6% Higher precious metals prices in August *Austria*Austria 100 100 Corona Corona 1010 0.98020.9802 1,327.751,327.751354.571354.57 1.5%1.5% prompted a surge in sales. Further price *Austria*Austria 1 1 Oz Oz Philharmonic Philharmonic 1010 1.00001.0000 1,385.251,385.251385.251385.25 3.8%3.8% increases to start September have led to *Canada*Canada 1 1 Oz Oz Maple Maple Leaf Leaf 1010 1.00001.0000 1,373.251,373.251373.251373.25 2.9%2.9% even greater customer activity. If this rate continues, September could become our *Canada*Canada 1x25 1x25 Maplegram Maplegram 1010 0.80390.8039 1,210.001,210.001505.161505.16 12.8%12.8% highest volume month over the past few *China*China 30 30 Gram Gram Panda Panda 1010 0.96460.9646 1,380.001,380.001430.641430.64 7.2%7.2% years. *China*China 1 1 Oz Oz Panda Panda 1010 1.00001.0000 1,426.501,426.501426.501426.50 6.9%6.9% Although last month ’s featured offerings *Mexico*Mexico 50 50 Peso Peso 1010 1.20571.2057 1,646.001,646.001365.181365.18 2.3%2.3% sold reasonably well, we did not have the high percentage of sellouts that we usually *S.*S. Africa Africa Krugerrand 1010 1.00001.0000 1,379.751,379.751379.751379.75 3.4%3.4% experience. Perhaps it was influenced by *1*1 Oz Oz Ingot Ingot 1010 1.00001.0000 1,371.751,371.751371.751371.75 2.8%2.8% the uptick in bullion-priced precious met- als business we did. The super high quali- *Austria*Austria 1 1 Ducat Ducat 1010 0.11070.1107 160.50160.501449.861449.86 8.6%8.6% ty King Cnut Medieval English Silver Pen- *British*British Sovereign Sovereign 1010 0.23540.2354 332.75332.751413.551413.55 5.9%5.9% ny sold almost instantly, and we could *France*France 20 20 Franc Franc 1010 0.18670.1867 264.50264.501416.711416.71 6.2%6.2% have sold more, which continued our ex- perience with strong collector demand for *Swiss*Swiss 20 20 Franc Franc 1010 0.18670.1867 265.00265.001419.391419.39 6.4%6.4% exceptional Ancient and Medieval coins. Instead of attending any coin shows over $20$20 Liberty Liberty BU BU 1010 0.96750.9675 1,430.001,430.001478.041478.04 10.8%10.8% the past few weeks, several of us enjoyed $20$20 St St Gaudens Gaudens BU BU 1010 0.96750.9675 1,430.001,430.001478.041478.04 10.8%10.8% vacations with our family. As a result, we $20$20 Liberty Liberty Extremely Extremely Fine Fine 1010 0.96750.9675 1,410.001,410.001457.361457.36 9.2%9.2% did not have the opportunity to examine $10$10 Liberty Liberty Extremely Extremely Fine Fine 1010 0.48380.4838 710.00710.001467.551467.55 10.0%10.0% inventory of several dealers looking for those special bargains that you love. $10$10 Indian Indian Extremely Extremely Fine Fine 1010 0.48380.4838 750.00750.001550.231550.23 16.2%16.2% However, from a conversation that start- $5$5 Liberty Liberty Extremely Extremely Fine Fine 1010 0.24190.2419 365.00365.001508.891508.89 13.1%13.1% ed in early August at the American Numis- $5$5 Indian Indian Extremely Extremely Fine Fine 1010 0.24190.2419 425.00425.001756.921756.92 31.7%31.7% matic Association World’s Fair of Money $2.50$2.50 Liberty Liberty Extreme Extreme Fine Fine 1010 0.12090.1209 325.00325.002688.172688.17 101.4%101.4% in Denver, we completed the purchase of a small group of spectacular one-of-a-kind $2.50$2.50 Indian Indian Extreme Extreme Fine Fine 1010 0.12090.1209 280.00280.002315.962315.96 73.5%73.5% Historic Ancient Rome Silver And Gold Coin Rarities. The silver coins came *U.S.*U.S. 90% 90% Silver Silver Coin Coin 1,0001,000 71571513,200.0013,200.00 18.4618.46 3.1%3.1% from the turbulent era when Rome *U.S.*U.S. 40% 40% Silver Silver Coin Coin 1,0001,000 295295 5,445.005,445.00 18.4618.46 3.1%3.1% changed from a Republic and eventually *U.S.*U.S. Peace Peace Dollars, Dollars, VG+ VG+ 1,0001,000 76076017,350.0017,350.00 22.8322.83 27.5%27.5% became an Empire. The Gold Aureus of *U.S.*U.S. Silver Silver Eagles Eagles 1,0001,000 1,0001,00020,510.0020,510.00 20.5120.51 14.5%14.5% Nero was issued right after he imposed a significant devaluation of the money, a *Canada*Canada Silver Silver Maple Maple Leaf Leaf 1,0001,000 1,0001,00020,000.0020,000.00 20.0020.00 11.7%11.7% trend the eventually contributed to the collapse of the Roman Empire. LCS In- *100*100 Oz Oz Silver Silver Ingot Ingot 1010 100100 1,871.001,871.00 18.7118.71 4.5%4.5% ventory Manager Paul Manderscheid has *10*10 Oz Oz Silver Silver Ingot Ingot 100100 1010 189.10189.10 18.9118.91 5.6%5.6% personally collected coins of this era for *1*1 Oz Oz Silver Silver Ingot Ingot 1,0001,000 1 1 18.9118.91 18.9118.91 5.6%5.6% more than a quarter century, and had a lot of fun drooling over these special coins. *1*1 Oz Oz Platinum Platinum Ingot Ingot 1010 1.00001.0000 1,062.001,062.001062.001062.00 4.9%4.9% While we didn ’t find any major lots of *U.S.*U.S. 1 1 Oz Oz Platinum Platinum Eagle Eagle 1010 1.00001.0000 1,163.001,163.001163.001163.00 14.9%14.9% gold or silver coins to offer, we did pur- LCS Postage Charges *Canada*Canada Palladium Palladium ML ML 1010 1.00001.0000 970.00970.00 970.00970.00 2.9%2.9% Value of Contents Postage Charge Under $100 $5 LibertyLiberty Coin Coin Service Service CallCall Toll-Free: Toll-Free: (800)(800) 527-2375 527-2375 National National $100-249 $10 400400 Frandor Frandor Avenue Avenue (517)(517) 351-4720 351-4720 Local Local $250-499 $18 $500-999 $25 Lansing,Lansing, MI MI 48912 48912 (517)(517) 351-3466 351-3466 Fax Fax $1,000-4,999 $30 web:web: www.libertycoinservice.com www.libertycoinservice.com email: email: [email protected] [email protected] $5,000 and higher None TradingTrading Desk Desk Hours Hours (Eastern): (Eastern): Mon-Fri Mon-Fri 9:30AM-6PM, 9:30AM-6PM, Sat Sat 10AM-2PM 10AM-2PM -over- LibertyLiberty Coin Coin Service Service Computer Computer Quotes Quotes 2PM 2PM EDT EDT 9.6.179.6.17 Spot Spot Prices Prices

Coins,Coins, Rolls Rolls and and Sets Sets Gold:Gold: $1,334.50$1,334.50 U.S.U.S. 10 10 pc pc Gold Gold Medallion Medallion Set, Set, 1980-1984, 1980-1984, BU BU $11,540$11,540 Silver:Silver: $17.91$17.91 U.S.U.S. Morgan Morgan Dollar, Dollar, 1921, 1921, Brilliant Brilliant Uncirculated Uncirculated Roll/20 Roll/20 $640$640 Platinum:Platinum:$1,012.00$1,012.00 U.S.U.S. Morgan Morgan Dollar, Dollar, Pre-1921, Pre-1921, Brilliant Brilliant Uncirculated Uncirculated Roll/20 Roll/20 $850$850 Palladium: Palladium: $943.00$943.00 U.S.U.S. Peace Peace Dollar, Dollar, Brilliant Brilliant Uncirclated Uncirclated Roll/20 Roll/20 $540$540

NumismaticNumismatic Coins Coins (PCGS/NGC/ICG (PCGS/NGC/ICG Graded) Graded) MS-63MS-63MS-64MS-64 MS-65MS-65Only $34.95 each for these official docu- U.S.U.S. $20.00 $20.00 St St Gaudens Gaudens 1,4851,485 1,5451,545 1,7751,775ments more than 175 years old. U.S.U.S. $20.00 $20.00 Liberty Liberty 1,6001,600 1,6951,695 2,6852,685 More High Grade Classic Silver U.S.U.S. $10.00 $10.00 Liberty Liberty 810810 1,1351,135 2,4652,465Commemorative Half Dollars: Here U.S.U.S. $5.00 $5.00 Liberty Liberty 540540 740740 1,7601,760are two more newly acquired lovely white or near white specimens. U.S.U.S. 4 4 pc pc Indian Indian Gold Gold Type Type Set Set 3,7803,780 5,2055,205 12,52012,520 1934 Maryland, Gem MS-65, U.S.U.S. 4 4 pc pc Liberty Liberty Gold Gold Type Type Set Set 3,3453,345 4,0554,055 7,5907,590PCGS—$189, and Superb MS-66, U.S.U.S. 8 8 pc pc Gold Gold Type Type Set Set 7,0657,065 9,1109,110 19,66019,660PCGS—$279. Mintage is a modest U.S.U.S. Morgan Morgan Dollar Dollar (Pre-1921) (Pre-1921) 5959 70 70 13513525,015. PCGS and NGC together have certi- fied 4,327 coins in MS-65 and higher grades, U.S.U.S. Peace Peace Dollar Dollar 4141 50 50 120120of which just 1,343 grade MS-66 or nicer. In PricesPrices quoted quoted are are for for quantities quantities indicated, indicated, and and are are actual actual selling selling prices prices at today's at today's mid-1989 this coin would have cost you $2,240 in MS-65 or $6,375 in MS-66 quali- closes.closes. Smaller Smaller lots lots are are available available at atslightly slightly higher higher prices. prices. No NoMichigan Michigan Sales Sales ty. Today, PCGS Retail conservatively lists TaxTax on on rare rare coins coins or or precious precious metals metals bullion. bullion. Numismatic Numismatic purchases purchases have have this coin at $190 and $250, respectively. aa 1414 day day return return period. period. Orders Orders for for bullion-priced bullion-priced items items (marked (marked with with *) are *) arenot not Coin Values catalogs it at a more reasonable $200 and $325, respectively. One reason returnablereturnable and, and, after after confirmation, confirmation, cannot cannot be be cancelled. cancelled. why we like this coin at the prices we offer them is that in major auctions over the past year or so, the MS-65 grade pieces have sold for as much as $259, while the MS-66 coins chase in our store some attractively-priced time in office. Thereafter, land grants still have realized as much as $341. small lots that are listed in our Small Lot bear a line with the signature of the US presi- Gold Coin Bargains #2, Canada 2015 1- dent, though that signature was actually writ- High Quality Hungary Medieval 1/2 Ounce Pure Silver $8.00 Polar Bear ten by a secretary at the White House. Un- Madonna And Child Silver Denar: And Cub, and Mexico 5 Peso Silver derneath the line for the “president’s signa- Over the years we have sold hundreds of Cuauhtemoc Commemoratives! Several ture” is another line for “By” and then the these popular almost 500-year old silver of the coins are offered at bullion-coin pric- actual signature of the secretary who signed coins, many of them as religious gifts. They es, which means that you must pay for them the president’s name. are among the earlier coins to bear a date. by check instead of using a charge card. By By the way, it wasn’t until Abraham Lin- At the Denver ANA show, LCS Communi- being able to purchase these coins at the bid coln became president that the workload grew cations Officer Pat Heller was able to screen side of the market, we can pass along signifi- enough that a third secretary had to be hired, a quantity of NGC-certified Extremely Fine cant savings to you. whose almost exclusive task was to sign land condition Madonna And Child Denars. He With limited quantities of each of the items grants. selected the seven pieces from the group that we offer, I once again urge you to review the We just acquired four specimens of land not only were sharply detailed, they were offers right away. Then call our Trading grants for homes in Alabama bearing the sec- also problem-free and well-centered. Dates Desk toll-free at 800-527-2375 to verify retarial signature of President Martin Van in this group range from 1538 to 1543. They availability and lock in your order. Buren. What makes these genuine historic all bear the KB mintmark signifying they Naturally, we have also acquired other one documents more interesting than for other were struck at the mint in Kremnitz. -of-a-kind or small group treasures to tempt presidents is that Van Buren hired his own The obverse shows a seated Madonna, the you: sons to be his secretaries. The two specimens patron saint of Hungary, with baby Jesus on Four “US President Martin Van dated August 15, 1837 were signed by his her lap. Lettering around the edge reads Buren”-Signed Land Grants: Alt- oldest son Abraham. The document dated PATRONA VNGARIE. On the reverse is a hough it may be hard to visualize today, the September 20, 1839 was signed by Martin coat of arms in the center, the date at the top, workload of the early US presidents was Van Buren Junior. The August 21, 1837 land and the inscription FERDINAND D G R VN light. When homesteaders claimed new grant is something of a mystery. The style of (meaning Ferdinand, by the Grace of God, property in territories being developed, or presidential signature appears to be that of King of Hungary). Ferdinand I served as merchant ships set sail to deliver goods, the Martin Junior. However, the secretarial sig- king of Hungary, Bohemia, and Croatia and president personally signed each of these nature underneath is that of Abraham. eventually became the Holy Roman Emperor land grants and ship’s papers. Land grants of this era were not printed on in 1558. We wish we could find more certi- All land grants issued from the terms of paper, which was not a durable medium. fied specimens of this quality. Your cost— George Washington through John Quincy Instead, they are on vellum, which is literally only $59 apiece while they last. Adams bore their personal signatures. The sheepskin. They measure about 16” wide and P.S. By the way, the denar denomination quantity of land grants issued eventually rose 10” high. They have a minimum of tears and traces its roots all the way back to the An- to such a high total that Andrew Jackson the seals are all there. The average condition cient Roman silver denarius, a coin that orig- stopped signing them part way through his is at least Very Fine. Suitable for framing. inally debuted about 211 BC.

Stunning Quality! Historic Ancient Rome Silver And Gold Coin Rarities!

by Tom Coulson, LCS General Manager, Allan Beegle, LCS Chief Nu- name is derived from the Latin word monēre, which re- mismatist, and Patrick A. Heller, LCS Communications Officer fers to warm, remind, or instruct. It likely also derived Other dealers have noticed that our customers are eager from the Greek word moneres, which means alone or to purchase ancient Greek and Roman coins of historic unique. significance, especially if they are in better than typical By the way, moneta is the source of the words condition! “money” and “monetize.” In Russian and Italian, the From discussions that began at the American Numis- word moneta means “coin.” In Spanish, moneda also matic Association World’s Fair of Money in Denver ear- means “coin.” ly last month, a long time dealer who specializes in an- Juno Moneta was the protectress of funds. As such, she cients has sold us four of his awesome treasures. also warned of instability. The temple erected in Rome Not only is each of these coins a genuine rarity, you to honor her was adjacent to the city’s Mint where coins would have to look for a long time to even try to find were struck. The world today could well use the wisdom pieces of equal quality! about monetary stability that Juno Moneta represented. The quality of the second and third coins offered here is What is especially interesting about this coin from a even more impressive when you understand that, during numismatic perspective is that the reverse of the coin de- the civil wars of the Roman Imperatorial era, coin mint- picts the crude tools used to strike coins in Ancient ing operations were often moved or hastily established, Rome. It shows the anvil and garlanded punch dies, the with pieces being struck under less than optimum condi- tongs used to hold the coin blank between the dies, and tions. the hammer used to pound on the top die to impress the With only a single specimen of each coin available, we designs onto the coin blank. The moneyer’s name, T have eliminated the order blank. Please call to check on CARISIVS runs across the top. availability and lock in your purchase. While the coin is not perfectly centered, it is better than Review the description of average. This may be the these coins, then pull out only coin we have ever han- your phone to call our dled in our 46 years in busi- Trading Desk today, toll- ness struck for the moneyer free, at 800-527-2375. Con- T. Carisius. If we have had sult the chart on the Comput- any others, this one is almost er Quotes page for postage certain the most beautiful.

charges. For fastest ship- Ancient Rome Silver De- ment, you can use your Visa, narius, Pompey Junior, Mastercard, or Discover (died 45 BC) issued circa 46 charge cards to have your -45 BC, Choice Very Fine, purchase shipped to the cred- Strike 4/5, Surface 3/5, light it card billing address. graffito, NGC—$1,550. As with all of our numis- Also known as Gnaeus Pom- matic items, your satisfaction peius (meaning son of Pom- is guaranteed. You have 14 pey the Great) or Pompey the days upon your receipt to re- Younger, he was the elder turn these coins for a full, son of Pompey the Great with prompt, no-questions refund. his third wife. His father was

Ancient Rome Silver De- one of the greatest military narius, T. Carisius (circa 46 leaders of his era, who had, -45 BC), Choice Very Fine, with Julius Caesar and Mar- Strike 4/5, Surface 4/5, cus Licinius Crassus, formed NGC—$795. The obverse of the First Triumvirate in 59 this coin shows the goddess BC to overcome the power of Juno Moneta along with the the Roman Senate. inscription MONETA. The As Julius Caesar’s military prowess grew, it became almost inevitable that a civil scription C CASSI IMP. The reverse shows a jug and war would break out, which began in 49 BC. After his lituus, which are symbols of the augurate (the office of father was killed in 48 BC, Pompey Junior joined African making predictions) along with the inscription Province resistance against Caesar. The army he raised LENTVLVS SPINT (the moneyer who issued coins for in Spain was defeated by Caesar’s forces and he was both Brutus and Cassius). killed shortly thereafter. This may be the only issue by Cassius we have ever This coin was struck in Spain to use to pay his troops. handled in our many decades in business. Beyond that, it All Pompey Junior coins are rare. This is probably the may be the first Mint State Ancient Roman silver coin we only specimen of this issuer we have ever handled. It is have every handled—of any and all issuers. Had this easily the scarcest of all four of the rarities offered here. coin been struck slightly more centered it would be worth The front shows a helmeted head of Roma and the in- double the price! Still, this is an absolutely spectacular scription M. POBLICI LEG PRO PR. The back features piece of history. a standing Hispania (Spain) at the right presenting a palm Ancient Rome Gold Aureus, Nero (54-68 AD), Very branch to one of Pompey’s soldiers, who stands on a Fine, Strike 5/5, Surface 5/5, NGC—$5,500. Nero was ship’s prow, with the inscription CN MAGNVS IMP adopted by his great uncle Emperor Claudius after his (meaning Pompey Imperator). mother became Claudius’ fourth wife. Nero succeeded The reference to light graffito refers to a small banker’s Claudius as Emperor at the age of 17. mark in the obverse at the top of the letter B. Merchants During the early years of his reign, Nero was largely of the era often attested to the authenticity of coins by guided by wise counselors, including Seneca and Burrus. stamping their personal marks into coins, such as hap- However, he asserted his pened here. own mind in 62 AD, after Ancient Rome Silver Denarius, Cassius (died 42 which he was more influ- BC), issued 42 BC, Mint State, Strike 4/5, Surface 4/5, enced by what are described NGC—$3,200. Cassius was one of Crassus’s top com- as his “dissolute” friends. It manders during the days of the First Triumvirate. Upon is possible that he may have Crassus’s defeat and death in battle with the Parthians in started the great fire of Rome 53 BC, Cassius then led the Roman defense of Syria. in 64 AD, where he is often When civil war broke out between Julius Caesar and portrayed as playing the fid- Pompey the Great, Cassius sided with Pompey. Caesar dle while Rome burned. pardoned him after Pompey was defeated. Cassius repaid Nero considered himself a this kindness by being one of the assassins, along with great artist, poet, and actor. Brutus, of Julius Caesar on the Ides of March, March 15, His lack of attention to his 44 BC. Brutus and Cassius Imperial duties eventually led fled to the east. The Roman to widespread provincial re- Senate appointed the two as volts. General Vespasian commanders of the eastern commanded the legions that provinces. Then, almost im- crushed the First Jewish Re- mediately, they were pro- volt in the Holy Land in 66 claimed public enemies AD. When uprisings in Gaul through the machinations of (France) and Spain led to the Octavian (who later became proclamation of Galba as the Caesar Augustus). new Emperor, Nero commit- The forces of Octavian and ted suicide. Marc Antony met those of In 64 AD, Nero reduced the Brutus and Cassius at Phil- weight of the gold aureus lipi, in eastern Macedonia, in from the 8.18 grams during October 42 BC. After his the time of Julius Caesar down to 7.27 grams in order to forces lost the first battle, inflate the money supply. Obviously, this coin is a later Cassius committed suicide. issue during his reign. Brutus committed suicide The front displays a bust of Nero with the inscription shortly after his forces lost NERO CEASAR AVGVSTVS. The reverse shows a the second battle. standing Nero with either his second wife Poppaea or Like Pompey Junior, Cas- third wife Statilla Messalina and the inscription sius issued very few coins. AVGVUSTVS AVGVSTA Even the most common in This is not the first Nero gold aureus we have had in poor quality is priced at sev- stock but it is stunning for its virtually perfect centering eral hundred dollars. (a rarity in itself in these times) and problem-free surfac- The obverse portrays a caul- es. It also may be the finest we have handled. dron on a tripod with the in-

Small Lot Gold Coin Bargains #2

have only handled two to by Allan Beegle, LCS Chief Numis- matist, and Patrick A. Heller, LCS three dozen specimens. We Communications Officer can only recall ever having Once again we did not lo- one MS-63 specimen that cate any sizeable quantities would be any nicer than the of high-grade, less-common MS-62 pieces offered here. gold coins that to offer to all Despite its relative rarity, of our valuable customers. Yet, over the telephone and this date does not get as much from collectors in our store, we picked up a few small lots respect in the catalogs. In PCGS Retail the MS-61 catalogs of bargain gold coins. for $760 and the MS-62 at just $845. In Coin Values the As we did last month, with so few coins on hand, we have MS-60 quality coins list for $875 (it does not list MS-61 eliminated the order blank. Please contact us early to con- grade) and the MS-62 at $950. firm availability and lock in your purchase. Foreign Coins Review the coins listed here, then reach our Trading 1852 Brazil Emperor Pedro II 20,000 Reis, Extremely Desk today, toll-free, at 800-527-2375. Be sure to consult Fine—$799 (7 coins available). Pedro II (the Magnani- the chart on the Computer Quotes page for postage charges. mous) served as Emperor of Brazil for 58 of his 66 years of For fastest shipment of any of the US Gold Coins, you can life, from 1831 to 1889. He was a nephew of Napoleon use your Visa, Mastercard, or Discover charge cards to have Bonaparte, and first cousin to Franz Joseph I (Emperor of your purchase shipped to the billing address. For the Austro-Hungarian Empire from 1848 to 1916, who is the bullion-priced Brazil coins you must send a check. depicted on the Austria 100 Coronas gold coins) and Maxi- As with all of our numismatic items, your satisfaction is milian I (younger brother of Franz Joseph I who was a short guaranteed. You have 14 days upon your receipt to return -lived Emperor of Mexico from 1864 to 1867). His grand- these coins for a full, prompt, no-questions refund. father was Francis II, the last Holy Roman Emperor, 1792-

US Coins 1806. His uncle Miguel I was king of and the Al- 1883 $5.00 Liberty, Choice Mint State-63, PCGS/ garves from 1828 to 1834. He was also the grandson of NGC—$1,095 (2 coins available), and Choice Mint State Joao VI (king of Portugal, Brazil, and Algarves, 1816- -63, PCGS (CAC)—$1,195 (1 coin available). The 1883 1825). is far scarcer than the 1882 $5.00 Liberties we offered last Pedro II’s father, Pedro I, chose to support Brazil in its month. While mintage is a moderate 233,400 for this date, fight for independence from Portugal, becoming Brazil’s it is incredibly rare in top quality. In the past 31 years, Emperor from 1822 to 1831. During this time, he was also PCGS and NGC combined have certified a paltry 111 MS- king of Portugal for almost three months in 1826 (after 63 specimens and a meager 55 in all higher grades. We can which his daughter Maria II—Pedro II’s sister—then be- only find one specimen to appear in a major auction over came Portugal’s queen). In 1831, his father abdicated to the past year in all grades MS-63 and nicer. These three return to Portugal to lead an army in that country’s civil coins, which all came from different sources, may be one of war. the largest “hoards” of premium quality 1883 Half Eagles Pedro II became Emperor at that will ever again be assembled! the age of 6, but was not coronat- PCGS Retail lists the MS-63 grade coins at $1,500 and ed until he was 14. During his Coin Values is at $1,450. Obviously we were able to find reign, Brazil enjoyed political these Half Eagle treasures at money-saving prices. stability, economic prosperity, freedom of the press, and respect 1883 $10.00 Liberty, Mint State-61, NGC—$775 (1 for civil liberties. coin available, Mint State-62 , NGC—$850 (4 coins This variety of Brazil’s Gold available). The mintage is also moderate for this coin, at 20,000 Reis were only struck in 208,700 pieces. Like the $5.00 Liberties of the same date two years, 1851-1852. Gold listed above, it is also tough to locate in Mint State grades. content is .5286 oz. The coins in Together, PCGS and NGC have certified 963 specimens in this group are nicer than the typi- Mint State-61, another 888 in MS-62, and only 279 in any cal surviving specimens that are higher grades. offered elsewhere at higher pric- As a result MS-61+ specimens are more than 16 times rar- es. Since we offer these coins at er than the common-date 1901-S while MS62+ grade coins a bullion-related price, you can- are more than 27 times scarcer! not use a credit card to pay for This is a date we have been chasing after in Mint State them; you must send a check. grades for at least a quarter century. Over that time, we may

Canada 2015 1-1/2 Ounce Mexico 5 Peso Silver Pure Silver $8.00 Polar Cuauhtemoc Commemoratives!

Bear And Cub! From 1947 to 1948, Mexico issued a large (40 milli- In 2013, the started meters, same as the US Silver Eagle Dollar) 5 Pesos issuing a variety of annual commemo- silver coin with a gross weight of 30 grams and a silver rative .9999 fine 1-1/2 ounce silver coins purity of .900. Silver content per coin is 0.8681 troy depicting different forms of wildlife. oz. The diameter remained the same 38 milli- The coin honors the last Aztec Emperor Cuauhtemoc. meters as for the 1-ounce Royal Canadian His reign as emperor only lasted from 1520-1521 be- Mint $5.00 silver coins. However, since these fore he surrendered to the forces of Spanish conquista- coins have a 50% higher silver content, they dor Hernan Cortes. are 50% thicker (4.5 millimeters versus 3.0 Cortes originally spared his life and allowed millimeters) than the smaller issues. Cuauhtemoc to remain chief of the Aztecs. However, The initial 2013 coin depicted a polar bear. on an expedition to Honduras in 1525, Cortes had Cuauhtemoc and other native chiefs executed. The design proved so popular with collectors These coins used to be relatively available in the that a second Polar Bear $8.00 silver coin 1990s, but not anymore. It has been more than a doz- was issued in 2015, this time accompanied en years since the last time we had enough coins to by its Cub, both standing on the Arctic make a general offering to all of our customers. landscape. A quick search of other dealers did not find any sizea- This lot came from a Michigan collector, so ble inventories of Cuauhtemocs, whether circulated or we are able to offer them to you at a price Mint State. In fact, one national competitor is cur- lower than we have found offered by any of rently offering circulated Cuauhtemocs for more than our online competitors $34 apiece.

1-9 Coins at $36.75 apiece That’s too much! 10-14 Coins at $35.75 apiece LCS acquired this lovely Mint State-60+ mini-hoard 15 Coins at $34.75 apiece at the wholesale bid side of the market from a Michi- gan dealer friend and pass along substantial savings to Because of our limited supply, we must you. limit orders to one 15-coin tube per While they last, pick up one or more of these beauti- customer. No exceptions! ful large coins for much less than the competition:

Call our Trading Desk Today! Reach us 5-9 Coins at $24.95 each toll-free at 800-527-2375 to check on 10-19 Coins at $23.50 each availability and to confirm your order. 20-60 Coins at $21.95 each As these coins are offered at bullion-related prices, you cannot use a charge card to Limit 60 coins per order. At this bullion-related purchase them. You must send a check for price, you cannot use a charge card. You must send a check for payment. payment. To confirm your order, Call our Trading Desk at As with all of our numismatic offers, your 800-527-2375. satisfaction is guaranteed. You have 14 days As we guarantee with all of our numismatic offers, upon your receipt to return this coin for a you must be satisfied with your purchase. You have full, immediate refund. 14 days upon your receipt to return any of these coins —Tom Coulson, LCS General Manager for a full refund. —Tom Coulson, LCS General Manager