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November 2020, Volume 26 Issue 11 Liberty Service’s Monthly Review of Precious Metals and November 11, 2020

Gold And Win US Elections!

The Sinking Value Of The 2020 Year To Date Results Denmark Krone -5.4% Through November 10, 2020 Switzerland Franc -5.4% US Dollar Sweden Krona -7.8% 4 Weeks ended November 10, 2020 Precious Metals U.S. Dollar Index 92.707 -3.92% Silver +37.1% US $ 4 Weeks Performance To Assets +29.2% US And World Market Indices Argentina Peso +3.1% +23.4% NASDAQ +28.8% India Rupee +1.2% -8.3% Shanghai Composite +10.2%

Gold +0.7% Numismatics Standard & Poors 500 +9.7% Hong Kong Dollar +0.0% US MS-63 $20 Liberty +32.4% Tokyo Nikkei 225 +5.3% Switzerland Franc +0.0% US MS-63 $20 St Gaudens +26.0% Russell 2000 +4.1% US MS-65 , Pre-1921 +22.2% Dow Jones Industrial Average +3.1% Japan Yen -0.2% Dow Jones World (excluding US) +0.5% Shekel -0.2% US Dollar vs Foreign Frankfurt Xetra DAX -0.7% Brazil Real +34.8% S&P/ASX 200 -5.1% Taiwan Dollar -0.5% Argentina Peso +32.5% Sao Paulo Bovespa -9.2% Ringgit -0.5% Ruble +23.6% London FT 100 -16.5% Denmark Krone -0.6% Rand +11.7% Colombia Peso +10.6% 10 Year US Treasury Note interest rate Euro -0.6% 0.98% -48.96% Peru New Sol +8.9% Russia Ruble -0.7% Peso +7.4% Energy and Other Metals Dollar -0.8% India Rupee +4.2% Natural Gas, Henry Hub +38.5% Singapore Dollar -0.9% Thailand Baht +2.1% +14.2% Philippines Peso -1.0% Indonesia Rupiah +1.0% +12.2% Malaysia Ringgit +0.7% +11.5% Silver -1.5% Singapore Dollar +0.2% Tin +8.4% Yuan -2.0% Canada Dollar +0.2% Aluminum +4.5% Sweden Krona -2.5% Chile Peso +0.1% Cobalt +1.4% Great Britain Pound -0.1% Great Britain Pound -2.6% Lead -5.4% Hong Kong Dollar -0.5% Molybdenum -24.7% Dollar -2.7% New Zealand Dollar -1.6% Crude Oil, Brent -33.3% Platinum -2.7% Israel Shekel -2.1% Japan Yen -3.1% Metal Content Value Of U.S. Won -2.8% South Korea Won -3.3% cent, 1959-1982 2.07¢ Brazil Real -2.9% Australia Dollar -3.7% , 1982-date 0.68¢ Thailand Baht -3.1% Taiwan Dollar -4.4% , non-silver 4.54¢ Philippines Peso -4.6% , 1965-date 2.06¢ Indonesia Rupiah -4.7% China Yuan -5.0% quarter, 1965-date 5.15¢ Mexico Peso -4.9% , 1971-date 10.29¢ Euro -5.0% Palladium -5.2% ue against almost every other world curren- South Africa Rand -5.4% the US Dollar Index reached 103.605, its cy and against assets ever since March 19, Chile Peso -5.8% highest level since August 2003. 2020, though not in a straight line. Colombia Peso -6.2% Through yesterday, the US Dollar Index The price of gold reached its 2020 low on has dropped 10.5% from its March 19, 2020 March 19 at the COMEX close of Over the past four weeks, while peak. $1,470.75. Silver’s lowest 2020 COMEX many people in the world were focused March 19, 2020 is also significant as the close was on March 18 at $11.74. on the upcoming and now held US day it became clear that the US Congress While the US Dollar Index has sunk since elections, the US Dollar quietly fell in and President Trump had reached a consen- mid-March, gold’s price through yesterday value. sus on the terms of the CARES Act rose 27.5% and silver by 108.3% from In the four weeks through yesterday, (formally signed into law on March 27). those lows. the US Dollar Index declined from This was the largest expenditure ever made Not only did the US Dollar decline 93.536 to 92.707, a drop of 0.9%. by the federal government. Nominally, it against almost all currencies we track and The decline of the US Dollar was fur- appeared to commit to $2 trillion of precious metals (as of Friday, November 6, ther confirmed with an increase in the bailouts, loans, and subsidies. But, the fine the US Dollar had fallen 3.3% to gold since 10 Year US Treasury Debt interest print meant the potential expenditure could October 13), it also generally fell against rate. Over the four weeks through yes- grow to as much as $6 trillion. other commodities: terday, the interest rate soared 32.4%, The US Dollar has been declining in val- from 0.74% to 0.98%. That was the highest interest rate for this debt since Inside this issue: Fed, IMF Confirm Dollar Vulnerability page 2 it was 1.12% on March 19, 2020. Gold, Silver Eagle Reverses To Change page 3 That March date is significant for India Gold Demand Soars page 4 two reasons. First, it was the day that (Continued from page 1) lem, which therefore meant that the Fed was Patrick A. Heller’s Upcoming Speeches US $ 4 Weeks Performance To Com- not required to disclose the details of these and Appearances modities through 11/10/2020 transactions to Congressional committees. To be rescheduled for later in East Lan- However, these liquidity injections have Metals and energy sing, Michigan. “Consumer Protections continued ever since, now totaling many tril- Cobalt +3.0% When Buying And Selling Physical Pre- Lead +0.5% lions of dollars. Back in September 2019, LCS issued a cious Metals” at the East Lansing Rotary Tin +0.4% Club meeting at noon at the University Aluminum -2.1% news release warning that the US banking system was vulnerable. In recent weeks, both Club at Michigan State University. Not Copper -2.5% open to the general public. Molybdenum -2.7% the International Monetary Fund and the Fed- Natural gas, Henry Hub -3.3% eral Reserve Bank have confirmed the accura- For more information on any event or to Nickel -3.7% cy of LCS’s alert. arrange for a presentation at schools, senior Crude oil, Brent -3.7% A few months ago, the Fed revealed the citizen groups, coin clubs, Scout organiza- Zinc -7.8% positive results of “stress tests” of 34 banks, tions, fraternal or business organizations, using former standards. On September 17, call 800-933-4720 or email him at Agriculture the announced that a new [email protected]. Cheddar cheese +15.6% round of stress tests would be conducted by Hogs +7.8% the end of this year on all of these banks to Butter +3.1% check for their ability to manage a severe eco- public into thinking the economic lock- Eggs +2.9% nomic downturn and high unemployment con- downs are responsible for America’s and Corn oil +2.5% tinuing into 2021. the world’s current economic woes and Coffee -0.2% Further, 13 of the banks (Bank of America, future risks, the IMF explicitly acknowl- Beef -2.2% Bank of New York Mellon, Barclays US, edges that the problems existed before the Flour -3.6% Citigroup, Credit Suisse, Deutsche Bank beginning of 2020. Hominy feed -4.0% USA, Goldman Sachs, HSBC, JPMorgan What neither institution acknowledges Wheat -6.5% Chase, Morgan Stanley, State Street, UBS, is that massive government spending and Sorghum -7.0% and Wells Fargo) will be subject to an even deficits in the US are the largest danger Chicken -7.6% more rigorous test: “these firms will be re- for the future of the US economy. Oats -8.1% quired to estimate and report the potential Soaring Deficits Doom US Soybeans -10.0% losses and related effects on capital associated Corn -11.8% with the instantaneous and unexpected default Economy Cottonseed meal -18.6% The Congressional Budget Office pro- of the counterparty that would generate the It needs to be kept in mind with agri- largest losses across their derivatives and se- jects that the US government, for the fis- cultural commodities that many are sub- curities financing activities.” cal year ended September 30, 2020, spent ject to seasonal fluctuations (as can be This is not the sign of a strong banking sys- $6.55 trillion and will experience a deficit natural gas) so that a 4-week track rec- tem, as Fed Chair Jerome Powell had been of $3.1 trillion. ord may not prove a trend. claiming for most of 2020. Both figures are fake. However, as you can see in the table Then, in mid-October (as we noted in the This data does not include any increase on page one, metal and energy prices last issue), the International Monetary Fund in the net present value of Social Security have increased significantly year to date. released a report acknowledging that looming or Medicare benefits that were incurred This confirms and explains the larger- financial problems pre-dated the appearance during the fiscal year. In years past, as than-normal increases in US consumer of the Covid-19 coronavirus pandemic. A reported annually by USA Today in a June prices especially since July. It also doc- MarketWatch column on October 13 stated, issue and confirmed by David Walker, the uments a decrease in the purchasing “Some banking system vulnerabilities that former US Comptroller General, these ad- power of the US dollar. were elevated before the coronavirus pandem- ditional expenditures added $3-5 trillion to annual budget deficits. Fed, IMF Confirm Dollar, ic have continued to rise in recent months, setting up a major test of the resilience of the The Rise In The US M2 Economy Are Vulnerable global financial system, the International In mid-September 2019, the Federal Monetary Fund said Tuesday.” Supply And Federal Reserve Reserve began injecting hundreds of bil- Two days ago, the Fed released its latest its Bank Balance Sheet lions of dollars into the overnight bank latest Financial Stability Report. Here are Data sources: loan market for the benefit of the 24 pri- three key excerpts from the Overview section: https://fred.stlouisfed.org/series/M2 and mary trading partner banks of the Feder- “Given the high level of uncertainty associ- https://fred.stlouisfed.org/series/WALCL

al Reserve Bank of New York. ated with the pandemic, assessing valuation M2 Money Supply Chg from 9/16/2019 Initially, the Fed tried to pretend that pressures is particularly challenging, and asset (amounts in billions of dollars) this was just a temporary liquidity prob- prices remain vulnerable to significant de- 9/16/2019 $14,990.4 —- clines should investor risk sentiment fall or 12/30/2019 $15,328.2 +2.3% Find more than a thousand numis- the economic recovery weaken.” 2/24/2020 $15,508.2 +3.5% matic items offered for sale today “Household debt was at a moderate level 10/26/2020 $18,838.6 +25.7% in our eBay stores and on our relative to income before the public health shock, but many households have lost jobs company’s website. Gold, silver, Federal Reserve Balance Sheet and copper coins, , paper mon- and seen their earnings fall. As many house- holds continue to struggle, loan defaults may Chg from 9/11/2019 ey, and other collectibles. On eBay, (amounts in billions of dollars) search for sellers Treasurechestofliber- rise, leading to material losses.” “Some households and businesses have 9/11/2019 $3,769.673 —- ty or Collectablesofliberty. Other been substantially more affected to date than 1/1/2020 $4,173.626 +10.7% items are listed for sale on the LCS web- others, suggesting that the sources of vulnera- 2/19/2020 $4,171.570 +10.7% site at www.libertycoinservice.com, bility in these sectors are unevenly distribut- 11/4/2020 $7,157.479 +89.9% where we have added many items during ed.” the past month. While the Fed is busy trying to deceive the (Continued on page 3) (Continued from page 2) cards on the US government, the US economy, For the fiscal year just ended, this and the US dollar. When the dollar used to be LCS Recommendations For extra spending will be even higher be- “as good as gold,” it was a strong be- Precious Metals/Rare Coins cause falling interest rates increase net cause people could exchange their currency for How much of your total net worth should be present values of future liabilities. specie any time they wanted. The restraint on in precious metals and rare coins? Conservatively, figure that the US government overspending that a tie to gold or government spent at least $11.5 tril- silver imposed has been gone entirely since Au- Conservative Moderate Aggressive 10-15% 20% 25-33% lion in the last fiscal year! This makes gust 1971. the deficit at least $8 trillion. It could From the birth of the US up to August 1971, How much to allocate for each category of easily be at least $10 trillion. the value of the US dollar was propped up by precious metals and rare coins?*

The general history of the United its convertibility into gold. It suffered a 41% Conservative Moderate Aggressive States is that prosperity grew when decline to gold in 1934 when the federal gov- Gold 40% 35% 25% government spending as a percentage ernment reduced the value of the US dollar Silver 60% 55% 50% of Gross Domestic Product was small- from 0.0483792 of an of gold to Rare Coins 0% 10% 25% er. When it was larger, times were 0.0285714 of an ounce. From then to August TOTAL 100% 100% 100% less prosperous, even downhill. 1971, the value of the dollar under a gold- With the US Bureau of Economic exchange standard slid about another 17%. *Platinum and palladium both have volatile Analysis reporting that 3rd Quarter Since August 1971, the dollar has plummeted markets with long-term supply/demand 2020 GDP was just over $21 trillion, another 98% against gold. Other world curren- fundamentals that are not as attractive as that indicates that federal government cies have also fallen sharply. those for gold, silver or rare coins. While spending is now higher than 55% of To keep the purchasing power of the dollar either or both might outperform gold, silver, or rare coins in the short- to long-term, to be GDP! from falling even further (or at least slowing conservative we have omitted them from our How does that compare to the past? down the decline), the US government would allocation. According to the US Office of Man- need to sharply cut expenditures. Instead of agement and Budget, total federal ex- spending at least $11.5 trillion in a fiscal year, view the new reverse designs in the US penditures during the Great Depres- total spending plus the increase in the net pre- news release at https:// sion, an era of huge government sent value of Social Security and Medicare lia- www.usmint.gov/news/press-releases/ spending increases, never exceeded bilities would need to be $4 trillion or less. united-states-mint-unveils-new- 11% of GDP. Did either of the two major political parties in american-eagle-gold-and-silver-coin- Even during World War 2, peak fed- this month’s US elections campaign on a prom- reverse-designs. eral spending was just over 40% of ise to sharply reduce expenditures? Not at all. This means that the first 2021-dated GDP! Instead, the politicians argued about the size of Gold and Silver American Eagles will From 1947 into the early 1970s, fed- further increases in spending on bailouts, loans, bear the same reverses as the 1986- eral spending was below 20% of GDP and subsidies, only some of which had any tie 2020 issues. It also means that there every single year! to the pandemic. will be two different possible reverses In order to obtain the resources to As this is written, there has not been any cer- on 2021-dated coins. pay for the CARES Act and the follow tification of the results of the presidential race. As of right now, it isn’t possible to -on spending programs, the govern- As legal matters now stand, it may not be possi- know if any of the 2021-dated Gold ment will be forced to raise taxes, bor- ble for the Electoral College to elect the next and Silver American Eagles will be low row funds that will be paid by future president at the planned meeting on December mintage rarities. The odds are unlikely. taxpayers, or of the money 14 if one or more states is unable to certify If the coins with the new reverses come supply (meaning reduce the purchas- election results. out in the second quarter, sales of the ing power of the US dollar). The controversy over this year’s elections and first design are almost certain to be too Soaring government spending ab- their eventual resolution will impact several ar- large to be “Instant Rarities.” sorbs resources that would otherwise eas of life in America. Unfortunately, the one For example, in the first quarter of be used by businesses to create jobs or certainty is that there will not be any major re- 2020, the US Mint sold the following by consumers to purchase goods and ductions in government spending. totals of these American Eagles: 1 Oz services. Consequently, the value of the US dollar is Gold —174,500, 1/2 Oz Gold—33,000, Soaring government spending also destined to keep falling in the coming months 1/4 Oz Gold—40,000, 1/10 Oz Gold— creates uncertainty in the economy. and years. In this year’s elections, there will be 175,000, 1 Oz Silver—9,978,500. This uncertainty is compounded right winners and losers. Unfortunately, the financial Once the coins with the new reverses now with the economic lockdowns well-being of Americans will suffer, no matter come out, there is almost certain to be a from the pandemic. who is elected surge in demand. If they are in produc- Yes, the pandemic did accelerate the As a result, gold and silver prices are destined tion for more than six months, the pos- increase in government spending and to keep rising, eventually by multiples of to- sibility of low mintages is remote. deficits. But, out-of-control spending day’s prices. Those who acquire their physical Having said this, the future is uncer- and deficits by governments at all lev- gold and silver sooner rather than later will find tain. Should the , els in America (and repeated almost themselves better prepared for what is coming. where almost all of these coins are everywhere else in the world) already struck, close down for an extended pe- existed. US Gold And Silver Eagle Re- riod because of the pandemic or any Government fiscal mismanagement verse Designs To Change In other reason, who knows what might dooms the US dollar to losing value in 2021 develop. The best advice we can offer the future, whether or not the pandem- Since their debut in 1986, the Gold and Silver is to avoid paying much, if any, extra to ic ever occurred. That the pandemic American Eagle coins have featured the same acquire either design compared to what has happened only speeds up the pace designs every year. That will change next year. you would pay for any other Gold or of the dollar’s downfall. Silver American Eagles. The US Mint recently announced that the re- verse designs of these coins will change in In the past, we have seen national Why Gold And Silver Won marketing campaigns upon the intro- The US Elections 2021. No definite time for the changeover has been announced, but it is currently anticipated ductions of new US coins, usually at As I have said before, the prices of for the second quarter of the year. You can (Continued on page 4) gold and silver are effectively report (Continued from page 3) The Month purchases of the 100 Corona high markups. Avoid buying from such (2.9%), US 1 Ounce American Arts Me- companies at their prices. If they do suc- Gold Range 97.00 5.1% dallions (3.1%), the South Africa Kruger- ceed in sparking high enough demand that Net Change -37.75 rand (3.8%), 1 Ounce Gold Bars (3.7%),

premiums rise, you may consider swapping Mexico 50 Pesos (3.4%), Australia Kanga- such pieces for lower-premium is- Silver Range 2.33 9.6% Net Change -0.11 roo (4.2%) and Canada 1 Ounce Maple sues. Stay tuned. Leaf (4.3%). Gold And Gold Coins Gold/Silver Ratio 76.7 Demand for Common-Date Pre-1934 US Net change -1.3 Gold Coins has remained surprisingly The COMEX and London markets were closed today for the Veteran’s Day holiday Platinum Range 52.00 6.1% strong. Unfortunately, the dearth of coin in the US and Remembrance Day in the Net Change +7.00 shows prevents us from being able to hunt British Commonwealth. Still, there was for good values in Better-Date US Gold Platinum/Gold Ratio 0.46 Coins. The few pieces we get in quickly enough trading in physical markets that gold at the usual COMEX closing time to- Date Gold Silver Platinum find new homes before we can offer them. day was at $1,863.50, a decline of $37.75 Oct 14 1,901.25 24.36 858.00 This year, when you are considering gifts (2.0%) from four weeks ago. Oct 15 1,903.25 24.19 858.00 for those dear to you, it might be perfect to Oct 16 1,900.75 24.37 864.00 give them something in gold or silver or Uncertainty in the US elections (which al- so leads to economic uncertainty) pushed Oct 19 1,906.50 24.66 859.00 other historic treasures. Please review the up the price of gold to a 7+ week high Oct 20 1,910.50 24.94 873.00 ideas we have listed in our flyers for Treas- COMEX close last Friday. The US Dollar Oct 21 1,924.50 25.19 889.00 ured Gift Ideas For Christmas 2020 or Oct 22 1,901.00 24.66 879.00 Historic US Presidential Memorabilia. Index fell to its lowest level since August Oct 23 1, 902.00 24.63 879.00 31. Silver and Silver Coins In Asian trading hours Monday this week, Oct 26 1,902.75 24.37 873.00 As with gold, the COMEX and London gold reached as high as $1,968.00 intraday. Oct 27 1,908.75 24.53 882.00 futures markets were closed. In physical However, gold’s price tumbled in US mar- Oct 28 1,876.25 23.32 870.00 markets at the standard COMEX closing kets. An announcement of extremely posi- Oct 29 1,865.50 23.33 846.00 time today, silver was at $24.25 down a tive results for a possible coronavirus pan- Oct 30 1,877.50 23.61 845.00 modest 11¢ (0.5%) from last month. demic vaccine (which would reduce uncer- Nov 02 1,890.50 24.00 856.00 Like gold, silver rose to a 7-week high last tainty in the world) elated investors to pur- Nov 03 1,908.50 24.30 872.00 Friday, rising even higher to about $26 in chase and abandon safe haven assets Nov 04 1,894.50 23.86 867.00 intraday Asian markets early Monday morn- such as precious metals. This move was Nov 05 1,945.25 25.17 897.00 ing, then plummeted to close that day at compounded by the unofficial media re- Nov 06 1,950.25 25.65 896.00 $23.68, down $1.97 (7.7%) from Friday’s ports over the weekend that Joe Biden won Nov 09 1,853.25 23.68 865.00 COMEX close. Also, similar to gold, it re- the US presidential election, a move that Nov 10 1,875.50 24.45 890.00 covered somewhat yesterday. would also reduce uncertainty (no matter Nov 11 1,863.50 24.25 865.00 Over the past month customer demand for

whether good or bad). Trading in the com- Gold, silver and platinum quotes are physical gold has remained strong. But, in- modity markets also indicate efforts to sup- COMEX bid/working spots at 1:45 EST/ terest in silver has not matched the levels of press precious metals price to take ad- EDT each day, quoted in U.S. dollars per the previous few months. Still, as with vantage of this trend. troy ounce. In recent months, spot prices at gold, the huge shortages of physical inven- The $97.00 decline in gold from the which physical metals trade sometimes tory in the New York COMEX and London COMEX close the previous Friday to Mon- differed. markets bode well for much higher prices day’s close was an even larger percentage sooner rather than later. drop (5.0%) than the 4.6% decline on mand, because there are reported imports for only one of three kinds of gold enter- The silver market is much smaller in fi- March 13, 2020. It was also one of the nancial terms than gold. As a result, its largest daily drops in dollar amount ever ing the country—pure gold bars. There are no reports of the dore bar imports, the price is more volatile than the yellow metal. and one of the larger percentage declines It jumps by a greater percentage in bull mar- since 2008. ingots of rough refining done near mine sites to achieve 80+% purity of the ore to kets and drops a larger proportion in weak Yesterday, gold short sellers took ad- markets. Just look at the moves two days vantage of the lower price to close about reduce shipping costs. There are also no official reports (obviously) on gold smug- ago. Or compare the price moves from 200,000 of COMEX gold contracts, March 18/19 through yesterday. leading to a partial price recovery. gled into India. Gold reached all-time record high prices Supply, demand, and inventory fundamen- Today’s price action is not meaningful. tals are favorable enough that we recom- With the commodity markets closed, physi- this summer because of the significant shortages of physical gold and silver avail- mend purchasing physical gold and silver cal trading is only a tiny fraction of what now. Since prospects are more appealing, would happen in the paper markets. able to deliver against maturing commodi- ty contracts. These high prices have per- we recommend a heavier percentage of a to- During the pandemic, gold demand fell tal hard asset position be held in silver. significantly in the world’s two largest gold sisted despite tactics such as the COMEX increasing margin requirements for gold For a best low-premium buy in silver, we consuming nations, China and India. Even recommend US 90% Silver Coins (6.2%). after stores re-opened, demand did not re- and silver multiple times or the COMEX changing standards on how to effect deliv- As we advised last month, we have seen turn to normal in either nation. price increases almost across the board for However, demand in India has soared ery. Growing physical shortages will not be cured except at far higher price levels. higher-grade Common-Date Morgan and over the past month or so. Demand is so Peace Silver Dollars. Demand for Better- strong that gold is trading at prices about We encourage owning low-premium forms of physical gold that are readily liq- Date Silver Dollars exceeds our ability to 1% higher than the world price. It is not locate nice coins right now. possible to come up with exact quantity de- uid. That is why we continue to suggest 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 2020, all rights reserved. LibertyLiberty Coin Coin Service Service Computer Computer Quotes Quotes 2PM 2PM EST EST 11.11.2011.11.20 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 Oz 1 OzGold Gold Eagle Eagle 10 101.00001.00001,969.251,969.251969.251969.25 5.5%5.5% Gold:Gold: $1,866.50$1,866.50 *U.S.*U.S. 1/2 1/2Oz OzGold Gold Eagle Eagle 10 100.50000.50001,024.751,024.752049.502049.50 9.8%9.8% Silver:Silver: $24.31$24.31 *U.S.*U.S. 1/4 1/4Oz OzGold Gold Eagle Eagle 10 100.25000.2500 525.50525.502102.002102.00 12.6%12.6% Platinum:Platinum: $873.00$873.00 *U.S.*U.S. 1/10 1/10 Oz OzGold Gold Eagle Eagle 10 100.10000.1000 222.00222.002220.002220.00 18.9%18.9% Palladium:Palladium:$2,324.00$2,324.00 *U.S.*U.S. 1 Oz 1 OzGold Gold Buffalo Buffalo 10 101.00001.00001,971.001,971.001971.001971.00 5.6%5.6% *U.S.*U.S. 1 Oz 1 OzMedallion Medallion 10 101.00001.00001,924.251,924.251924.251924.25 3.1%3.1% *U.S.*U.S. 1/2 1/2Oz OzMedallion Medallion 10 100.50000.5000NotNot Available Available Notes from Liberty By Allan Beegle *Australia 1 Oz Kangaroo 10 1.0000 1,945.00 1945.00 4.2% LCS Chief Numismatist *Australia 1 Oz Kangaroo 10 1.0000 1,945.00 1945.00 4.2% *Austria*Austria 100 100 Corona Corona 10 100.98020.98021,881.751,881.751919.761919.76 2.9%2.9% October ’s sales volume joined July, Au- *Austria*Austria 1 Oz 1 OzPhilharmonic Philharmonic 10 101.00001.00001,961.751,961.751961.751961.75 5.1%5.1%gust, and September to become one of our *Canada 1 Oz Maple Leaf 10 1.0000 1,946.75 1946.75 4.3% four highest sales months over the past *Canada 1 Oz Maple Leaf 10 1.0000 1,946.75 1946.75 4.3%seven years! *Canada*Canada 1x25 1x25 Maplegram Maplegram 10 100.80390.80391,725.501,725.502146.412146.41 15.0%15.0% Once again, there was almost a complete *China*China 30 Gram30 Gram Panda Panda 10 100.96460.9646NotNot Available Available sellout of last month’s featured offerings ChinaChina 1 Oz 1 OzPanda Panda 10 101.00001.0000NotNot Available Available and items in this column. This time *Mexico 50 Peso 10 1.2057 2,327.00 1930.00 3.4% around, a higher proportion of coins were *Mexico 50 Peso 10 1.2057 2,327.00 1930.00 3.4%purchased by other coin dealers, including *S. *S.Africa Africa Krugerrand 10 101.00001.00001,937.501,937.501937.501937.50 3.8%3.8%some that were placed into their personal *1 Oz*1 OzIngot Ingot 10 101.00001.00001,935.501,935.501935.501935.50 3.7%3.7%collections. Coin shows nationwide and in Michigan *Austria*Austria 1 Ducat 1 Ducat 10 100.11070.1107NotNot Available Available are still few and far between. Hopefully *British*British Sovereign 10 100.23540.2354 473.75473.752012.532012.53 7.8%7.8%that can return to some kind or normalcy *France 20 Franc 10 0.1867 378.00 2024.64 8.5% in 2021. Still, strong activity in our show- *France 20 Franc 10 0.1867 378.00 2024.64 8.5%room with retail customers and Michigan *Swiss*Swiss 20 Franc20 Franc 10 100.18670.1867 379.00379.002029.992029.99 8.8%8.8%and other dealers brought us a number of

$20 Liberty BU 10 0.9675 2,030.00 2098.19 12.4% fresh deals. In addition, our decades-long $20 Liberty BU 10 0.9675 2,030.00 2098.19 12.4%reputation as a fair buyer with reliable $20$20 St Gaudens St Gaudens BU BU 10 100.96750.96752,030.002,030.002098.192098.19 12.4%12.4%funds continues every day to draw new $20$20 Liberty Liberty Extremely Extremely Fine Fine 10 100.96750.96752,010.002,010.002077.522077.52 11.3%11.3%opportunities over the phone from dealers $10 Liberty Extremely Fine 10 0.4838 1,015.00 2097.97 12.4% and wholesalers across the country. $10 Liberty Extremely Fine 10 0.4838 1,015.00 2097.97 12.4% This month we feature our annual Treas- $10$10 Indian Indian Extremely Extremely Fine Fine 10 100.48380.48381,040.001,040.002149.652149.65 15.2%15.2%ured Gift Ideas For Christmas 2020. $5 Liberty$5 Liberty Extremely Extremely Fine Fine 10 100.24190.2419 540.00540.002232.332232.33 19.6%19.6%Our children help us each year select ap- $5 Indian$5 Indian Extremely Extremely Fine Fine 10 100.24190.2419 565.00565.002335.682335.68 25.1%25.1%pealing and long-lasting treasures from $2.50 Liberty Extreme Fine 10 0.1209 405.00 3349.88 79.5% long, long ago right up to this year that can $2.50 Liberty Extreme Fine 10 0.1209 405.00 3349.88 79.5%fit every budget. You will discover some $2.50 Indian Extreme Fine 10 0.1209 385.00 3184.45 70.6% $2.50 Indian Extreme Fine 10 0.1209 385.00 3184.45 70.6%perennial favorites. But, we also have new items to tempt you. For instance, right *U.S.*U.S. 90% 90% Silver Coin 1,0001,000 71571518,455.0018,455.0025.8125.81 6.2%6.2%now we have in stock affordable 5 Ounce *U.S.*U.S. 40% 40% Silver Silver Coin Coin 1,0001,000 2952957,510.007,510.0025.4625.46 4.7%4.7%Silver America The Beautiful Quarters *U.S.*U.S. Peace Peace Dollars, Dollars, VG+ VG+ 1,0001,000 760760Not NotAvailable Available from about half of the states. *U.S. Silver Eagles 1,000 1,000 29,310.00 29.31 20.6% Also, we have recently acquired a num- *U.S. Silver Eagles 1,000 1,000 29,310.00 29.31 20.6%ber of specimens of Historic US Presi- *Canada Silver Maple Leaf 1,000 1,000 28,560.00 28.56 17.5% *Canada Silver Maple Leaf 1,000 1,000 28,560.00 28.56 17.5%dential Memorabilia while purchasing a significant coin and currency collection. *100*100 Oz OzSilver Silver Ingot Ingot 10 10 1001002,656.002,656.0026.5626.56 9.3%9.3%We have already posted many items on the *10 *10Oz OzSilver Silver Ingot Ingot 100100 10 10 268.10268.1026.8126.81 10.3%10.3%Liberty Coin Service website, but there are *1 Oz*1 OzSilver Silver Ingot Ingot 1,0001,000 1 1 26.8126.8126.8126.81 10.3%10.3%several notable items offered here for the

*1 Oz Platinum Ingot 10 1.0000 956.00 956.00 9.5% *1 Oz Platinum Ingot 10 1.0000 956.00 956.00 9.5%LCS Postage Charges *U.S.*U.S. 1 Oz 1 OzPlatinum Platinum Eagle Eagle 10 101.00001.0000NotNot Available Available Value of Contents Postage Charge Under $100 $5 *Canada*Canada Palladium Palladium ML ML 10 101.00001.00002,429.002,429.002429.002429.00 4.5%4.5% $100-249 $10 $250-499 $18 Liberty Coin Service Call Toll-Free: (800) 527-2375 National $500-999 $25 Liberty Coin Service Call Toll-Free: (800) 527-2375 National $1,000-4,999 $30 400400 Frandor Frandor Avenue Avenue (517)(517) 351-4720 351-4720 Local Local $5,000 and higher None Lansing,Lansing, MI MI 48912 48912 (517)(517) 351-3466 351-3466 Fax Fax web: www.libertycoinservice.com email: [email protected] Please Note: Liberty Coin Service will web: www.libertycoinservice.com email: [email protected] be closed Thursday, November 26 for TradingTrading Desk Desk Hours Hours (Eastern): (Eastern): Mon-Fri Mon-Fri 9:30AM-6PM, 9:30AM-6PM, Sat Sat10AM-2PM 10AM-2PM Thanksgiving. -over- Liberty CoinCoin ServiceService Computer Computer Quotes Quotes 2PM 2PM EST EST 11.11.2011.11.20 Spot Spot Prices Prices

Coins, RollsRolls andand Sets Sets Gold:Gold: $1,866.50$1,866.50 U.S. 10 pc Gold Medallion Set, 1980-1984, BU $14,980 $24.31 U.S. 10 pc Gold Medallion Set, 1980-1984, BU $14,980 Silver:Silver: $24.31 U.S. Morgan Dollar, 1921, Brilliant Uncirculated Roll/20 $875 Platinum: $873.00 U.S. Morgan Dollar, 1921, Brilliant Uncirculated Roll/20 $875 Platinum: $873.00 U.S. Morgan Dollar, Pre-1921, Brilliant Uncirculated Roll/20 $1,085 Palladium: $2,324.00 U.S. Morgan Dollar, Pre-1921, Brilliant Uncirculated Roll/20 $1,085 Palladium: $2,324.00 U.S. , Brilliant Uncirclated Roll/20 $725 U.S. Peace Dollar, Brilliant Uncirclated Roll/20 $725 Numismatic Coins (PCGS/NGC/ICG Graded) MS-63 MS-64 MS-65 El Cazador Shipwreck Set/3 Mi- NumismaticU.S. $20.00 StCoins Gaudens (PCGS/NGC/ICG Graded) 2,085MS-63 2,185MS-64 2,550MS-65 nor Silver Coins. To shore up the falter- U.S. $20.00 LibertySt Gaudens 2,2502,085 2,7202,185 3,6102,550 ing economy in New Orleans, Spanish King U.S. $10.00$20.00 LibertyLiberty 1,3202,250 1,6652,720 2,3553,610 Charles III decided to replace the circulating U.S. $10.00 Liberty 1,320 1,665 2,355 paper money with Spanish silver coinage. U.S. $5.00 Liberty 705 885 1,485 The El Cazador was loaded in Veracruz, U.S. 4$5.00 pc Indian Liberty Gold 4,955705 6,210885 13,0401,485 Mexico with 400,000 Silver Eight Reales U.S. 4 pcpc LibertyIndian Gold TypeType SetSet 4,6204,955 5,7656,210 8,05513,040 coins (3.2 million Reales) plus smaller silver U.S. 84 pcpc GoldLiberty Type Gold Set Type Set 9,5154,62011,8255,765 20,6458,055 denominations totaling 400,000 Reales of face value. The ship set sail on January 11, U.S. Morgan8 pc Type (Pre-1921) Set 9,51566 11,82580 15420,645 1784 and was lost at sea. U.S. PeaceMorgan Dollar Dollar (Pre-1921) 5566 69 80 125154 As a result of this loss, Spain eventually U.S. Peace Dollar 55 69 125 transferred the New Orleans lands to the Prices quoted are for quantities indicated, and are actual selling prices at today's French government, which renamed it Loui- Pricescloses. quoted Smaller are lots for are quantities available indicated, at slightly higherand are prices. actual No selling Michigan prices Sales at today's siana. When Napoleon needed funds to pay closes.Tax on rare Smaller coins lots or precious are available metals at bullion. slightly Numismatichigher prices. purchases No Michigan have Sales for military campaigns, he sold the Louisiana a 14 day return period. Orders for bullion-priced items (marked with *) are not Territory to the fledgling of Tax on rare coins or precious metals bullion. Numismatic purchases have America in 1803, a transaction that doubled returnable and, after confirmation, cannot be cancelled. a 14 day return period. Orders for bullion-priced items (marked with *) are not the size of the nation. returnable and, after confirmation, cannot be cancelled. Whenever we are able to acquire a small group of the 8 Reales from this shipwreck, they always sell quickly. We don’t see the very first time. If you enjoy history as much ed as “Early Release” plus the NGC insert smaller denomination pieces anywhere near as we do (and LCS General Manager Tom in each holder was personally autographed as often. Coulson at one time considered pursuing a by Edmund C. Moy. Detroit, Michigan- We now have a 1769 Silver 1/2 Reale, career as a history teacher!), you can appreci- born (but Wisconsin-raised) Moy served as 1747 Silver 1 Reale, and a 1760 2 Reales ate these mementos of America’s past. the 38th Director of the US Mint from 2006 salvaged from the El Cazador in the 1990s. Obviously, all of the Historic US Presiden- to 2011. Each has been certified as “Genuine” by tial Memorabilia are one-of-a-kind pieces. With a total gold content for the 3 coins at NGC and attributed to the El Cazador ship- Some of the Christmas gift ideas are only 0.85 of a troy ounce, we offer these sets, wreck. available in limited quantities. Therefore, I nicely packaged in a privately-made wooden This 3-coin set is packaged in a wooden again remind you to review our enclosed of- display box at $1,995. (Note: since these display case. Tremendous historical signifi- fers and to place your orders early. sets are priced at a bullion-related price you cance here for $275. Reach our Trading Desk toll-free at 800- cannot use a charge card to purchase them. 527-2375 to check on availability, current Affordable High Grade Ancient You must send a payment.) Roman Silver Coin: Coinage of Em- prices, and confirm your order. 2012 Australia Proof There isn’t room to list every desirable fresh peror Gordian III (238-244 AD) are among Last month’s purchase that has come in. Here are a few to 1/10 Oz Gold Koalas: the most common silver issues of the Roman tempt you: offering of older gold coins was quite popu- Emperor. This Silver Double Denarius has lar. You definitely enjoy bargains on bul- been certified About Uncirculated with Set/3 2016 US Gold Commemora- lion-priced gold! Strike 2/5 and Surface 3/5 by NGC. Gor- tives In Perfect Specimen-70 condi- The Perth Mint originally struck Platinum dian’s bust is on the obverse and a standing tion: In 2016, the US Mint struck 100th Koalas in 1988. The design proved so popu- Goddess Providentia on the back. Nicely anniversary gold coins for the introduction of lar that the Mint later began striking Gold centered and sharply detailed, but go to the the , , and Silver Koalas. In 2012, it issued 1,500 LCS website to view the photos. $59. Many and Walking Liberty Half Dollar series in of the 1/10 Oz pure gold Proof Koalas, dealers are charging much more. 1916. The 2016 Gold Commemoratives were which depicts a sleeping Koala hugging a US Treasurer Personally Auto- all struck in 24 karat pure gold, containing tree branch. graphed 1935-E $1.00 Silver Certif- 1/10, 1/4, and 1/2 troy ounce, respectively, of We just picked up a 10-piece group of this gold content. These coins were all struck icate: Ivy Baker Priest served as US Treas- coin, all still in their original Perth Mint urer for the eight years of the Eisenhower with Burnished finishes, so are described as capsules. While they last, you can purchase Specimen condition rather than as Mint State administration, 1953-1961. US currency them at the bullion-related price of 19% printed during her term in office display her or Proof strikes. above the current ask gold spot price (ask Mintages were 124,885, 91,752, and 65,509 printed signature. She subsequently person- gold spot price x .1 x 1.19). Call to check ally autographed a number of the Series pieces, respectively. We have just acquired on the current price. As these are also avail- two sets of the three coins, with each speci- 1935-E $1.00 Silver Certificates for collec- able at a bullion price you must sent a check tors, above her printed signature. This ex- men certified by NGC as Perfect Specimen- for payment instead of using a charge card. 70 quality. In addition, each coin is designat- ample is in Fine condition. $19.95.

Treasured Gift Ideas For Christmas 2020

Alison Beegle, Abigail Coulson, and Nicholas Coulson (with help from the (*Also, because Liberty Coin Service Staff) these products are Imagine being able to hold something in your hands and priced on the basis think about who might have held or spent it at one time— of their precious maybe a king or queen, an explorer, a soldier, an inventor, metal content, or- someone else historically famous, or just everyday people! ders for these items, For unique treasures of long-lasting value, Liberty Coin Ser- once confirmed, vice has something to please almost everyone on your list. cannot be canceled Whether you seek something artistic, historic, valuable, dura- or returned for refund. Charge and debit card payments are not ac- ble, or practical, you are almost certain to find several ideas cepted for these products). here that are perfect solutions—and affordable. Money has often been called the footprints of history. Years from now, 3. 2020-Dated 1 Ounce Pure Silver Christmas Round and these durable gifts will still remind your recipients of your Rectangular Commemoratives packaged in a clear plastic thoughtfulness and love. ornament holder to hang on a tree or display—$36.95 each. Many items come in a box or package ready for wrapping. These are popular every year. We have a variety of Christmas However, for your convenience, any item can be gift wrapped designs. for a $5 fee and mailed directly to your recipient for a postage All round charge of $5-30 per address (see the box on our Computer ones are 1- Quotes page for details). 5/8” in If your payment is received by December 5, our dads guaran- diameter, tee delivery before Christmas. To ensure your 100% satisfac- The round tion, you have until January 9, 2021 to return any items listed and rectan- here (other than the Silver and Gold American Eagles and oth- gular ones er bullion-priced products) for a full refund. all read on Orders over $10 paid by Visa, Mastercard, or Discover the back credit cards will get you fastest shipment (note: credit and deb- “Best it card payments are not accepted for bullion-priced products Wishes For totaling more than $100). Peace And We hope you have as much fun looking through this list as Joy This Holiday Season 2020” we did preparing it. Pick your favorites. Then call our dads or and have space if you wish to the other friendly people at Liberty at 800-527-2375 for more arrange locally for some person- details and ideas and to confirm your order. Or, come to our alized engraving. showroom in the Frandor Shopping Center to find many more Among the round designs are tempting treasures. We hope you enjoy our ideas. Thank you Baby’s First Christmas Teddy very much. Blessings to you all! Bear 2020, Merry Christmas with Christmas Tree and Snowman, Gift Ideas For Christmas 2020 Santa Claus holding an American Flag with a dog and cat (text is Mer- 1. 2020-Dated Collector Coins and Sets. Especially popu- ry Christmas 2020), 2020 with Scene lar are those issued by the US Mint. They include the Regular of a Christmas Tree and Church with Proof Set (10 coins)— Carolers and Skaters, Christmas $37.00, Silver Proof Set Wishes with Mistletoe Kisses and a (10 coins of which 7—for pair of Candy Canes, Merry Christ- the first time ever—are mas, many Ho Ho Hos with bust of made of .999 fine pure Santa Claus, Happy Holidays with silver!)—$109.00, Quar- Barn and Outdoor Scene, Season’s ter Proof Set (5 coins)— Greetings with Bottom of Christmas Tree and Gifts, Let Us $23.50, Silver Quarter Rejoice The King Is Born with Blowing a Trumpet. The Proof Set (5 coins made rectangular designs are Merry Christmas with Santa Carrying of .999 fine pure silver)— Presents, Happy Holidays with Teddy Bears on a Sled, and $64.00, and the Proof Shepherds in the Field Gazing at the Star. Multiple orders Silver Eagle Dollar—$77.00. We have all of these in stock will receive a variety, or you can pick your own themes (while available for immediate delivery. they last). 2. 2020-Dated Gold, Silver, and Platinum Bullion- 4. US 5 Ounce Silver America The Beautiful Quarters, Priced* Coins. These choices include the US Gold, Silver, and Platinum Eagles, US Gold Buffaloes, and issues from Australia, check for selection and price. If you live anywhere in Ameri- Austria, Canada, China, , , and elsewhere. ca other than Alabama (which comes out in 2021), the US Mint The available selection is constantly changing. You need to has already issued a pure 5 Ounce Silver America the Beautiful call to purchase these by mail order or come into our store for Quarter for your state, District of Columbia, or territory (see local delivery to check on current prices and availability. photo of the 2018 issue that depicts the Pictured Rocks Nation- ed in the 1800s and all in Good or Better condition (the Morgan Dollar will grade at least Very Fine). Then try to imagine all the hands that these coins passed through in everyday com- merce over 100 years ago. The set includes four silver coins and comes with a lot of history.

7. The Most Famous Coin In The Bible! The 2,000-Year Old “Widow’s Mite—$37.95. The Widow’s Mites may be our all-time best selling numismatic foreign coin! Over the years, Actual diameter we have sold thou- is 3 inches. sands of them. Ad- vertised elsewhere al Lakeshore in Michigan). The Mint issued uncirculated ver- for $59, $69 and sions with no mintmark and specimen Burnished issues that even higher prices! contain the P (for Philadelphia) mintmark. Every Burnished These popular 2,000 issue has a mintage below 30,000. About 70% of the Uncirculat- year old copper coins ed issues have a mintage under 50,000. are mentioned in the Gos- If you don’t already own one or more of these for a state dear pels according to Mark and to your heart or to those you cherish, call us to check our cur- Luke. They actually circu- rently available selection. Many issues are currently selling at a lated in the Holy Land dur- bullion related price starting about $159, with almost all availa- ing the time of Christ. We ble at $225 or less. have identified each piece 5. US Half Dollars, 1820s to 1836, Fine to by the issuing Hebrew king Very Fine—$85. From 1804 through 1839, the US Mint did or Roman procurator not strike Silver Dollars for circulation purposes. As a conse- (governor), then packaged quence, the Half Dollars were the workhorse silver bullion coin them in an attractive stand-up display containing historical in financial commerce. From 1807 to 1836, US Half Dollars background about Biblical coinage. featured a Capped Bust Liberty on the obverse, a spread eagle on 8. “The Right Hand Of God” Medieval German Silver the reverse, and edge lettering that read “Fifty Cents Or Half A Hand Hellers, 1189-1500, Average Circulated—$26.95. Dollar.” For the years from 1822 to 1836, annual mintages About 800 AD, the depiction of God on coins was considered ranged from 1,559,573 to 6,545,000. This was also the last US sacrilegious in the Jewish and Half Dollar struck of .8924 fine silver. Greek Orthodox faiths. About Because they were needed for everyday commerce, these coins 1189, the city of Hall am Kocher overwhelmingly entered circulation. How- in southwest German introduced ever, banks also kept them in their vaults a small silver coin depicting the as reserves to redeem any outstanding Right Hand of God on one side, notes they had issued. as a religiously permissible op- John Reich, the designer, had sold himself tion. The reverse features an into indentured servitude to come to the incuse star ornament. US and escape service in Napoleon’s mili- The coins were called Hellers tary. He was hired at the US Mint after for the city where they originated. The Heller denomination President Jefferson admired some of his lasted over 800 years in German and nearby European lands artistry. At first, Liberty’s cap on this de- (and in German colonies in Africa and the Pacific Ocean up to sign was thought to be a pileus, also known the end of World War I), last removed from circulation in the as the liberty cap, that was worn by eman- Czech Republic in 2008. cipated slaves. Although it looks similar to We have a modest group of well-circulated specimens, that we that style, Jefferson later explained that it offer for the first time in over 3 years. As the average quality is was a mobcap, a then popular hat such as somewhat lower than our prior groups, we also offer them at a was worn by Martha Washington. money-saving price. Here is your opportunity to acquire a circulated but still attractive coin that was important in every- 9. Hidden Waist Travel Wallet—$19.95. This high-tech day American commerce over 180 years ago. slim “fanny pack” incorporates RFID blocking technology. 5. Can be worn inside pants or skirt without showing (and not 6. Late 1800s Circulating US 6-Coin Set, Good or Better setting off metal detectors), but has a 10” x 5” waterproof Condition—$89. Imagine being able to hold in your own hands an Indian Cent, Liberty Nickel, Barber Dime, Barber pocket and a 7” x 4” Quarter, Barber Half Dollar, and Morgan Silver Dollar, all dat- pocket that can hold your cell phone with headphones inserted. We have sold hundreds of these. Adjustable stretch waist fabric fits almost everyone.

Historic US Presidential Memorabilia!

By Tom Coulson, LCS General Manager In checking, we found a nicer Coins and paper money have been called the “footprints of example of this now being of- human history.” For almost 50 years Liberty Coin Service has fered for sale at $785. In auctions over the past 15 years, all but served customers nationwide with historic rare coins and cur- one specimen auctioned for $525 to more than $1,500. The ex- rency. Over the years, we have also handled an interesting vari- ception was a piece in somewhat worse condition than this one ety of other historic memorabilia, especially inaugural . that sold in September 2016 for $487. History has always fascinated me. It is one of the prime at- 1872 US Grant/Henry Wilson Jugate Ferrotype Campaign tractions that inspired me to become a numismatist and begin to Button, 34 millimeters in diameter, Very Fine—$995. This is work at LCS in 1983. When I entered college, I briefly consid- the rarest piece in the offer. For reference, ered becoming a history teacher. the catalog number is USG-1872-17. When Since I have worked at Liberty, the company has handled doc- we searched auction records, we only uments signed by each of the first seven US presidents plus found two sales—in December, 2005 for many later ones from the 1800s and 1900s. We have in stock $1,075 and September, 2019 for $1,625 (the right now official documents signed by Jefferson, Madison, latter being in nicer condition). Monroe, John Quincy Adams, and Woodrow Wilson as presi- Jugate refers to side-by-side photographs. dent. Whenever we have the opportunity to acquire US presi- On the obverse of this silvered brass shell dential documents or memorabilia, we jump at the chance. Grant’s military portrait is at the left and American presidential memorabilia has experienced a surge in Wilson’s at the right. The texts of “Gen U. collector interest over recent decades. We suspect that part of S. Grant” and “Henry Wilson” are superim- the reason is the ability to research such items using the inter- posed at the bottom of their images. Above net. them is a spread eagle. Below them is a We recently acquired some pieces of US Presidential Memora- Union shield that bears the word “For” bilia with a coin and currency collection we purchased. Most with “President” under Grant and “Vice Pres” under Wilson. we have never handled before. Along with a few other speci- The reverse features a bust of Grant with the text “U. S. Grant mens we have in inventory, I decided this is the perfect oppor- For President.” This piece was almost certainly carried as a tunity to share them with you for your enjoyment. pocket piece for a time as the silvering at the bottom of Grant’s Review these one-of-a-kind historic treasures. Pick your fa- bust and in his hair is partially worn off. We found a compara- vorites. Then call our Trading Desk toll-free at 800-527-2375 to ble quality example that sold in auction in December 2005 for check availability and confirm your order. Refer to our Com- $1,075 and a higher grade specimen that auctioned in Septem- puter Quotes page for the postage costs. ber 2019 for $1,625. For fastest shipment, you can use your Discover, Mastercard, or Visa credit cards for payment. As with all of our numismatic 1896 or 1900 William McKinley/Stars And Stripes Swiveling offerings, you must be satisfied. You have 14 days upon your Campaign Button, 23 millimeters in diameter, receipt to return them for a full, no-questions refund. Fine-Very Fine—$125. Most McKinley politi- cal buttons sell in the range of $25-75, but we 1860 /Hannibal Hamlin Ferrotype Cam- could not find any examples of a McKinley paign Button, 24 millimeters in diameter, Very Good-Fine swiveling brass or bronze campaign button, condition—$450. This is the 3rd example we have ever handled much less this exact one. Obviously it is a of this significant historic treasure. Lincoln was scarcer issue. one of the first politicians to use photography The McKinley portrait on the front was also in his campaigns. Ferrotype images are printed used on other 1896 campaign buttons. For this on metal, sometimes called tintypes. reason, we suspect it may date to the 1896 elec- The obverse of this brass shell features a small tion. “McKinley” appears at the base of his photograph of Lincoln that was possibly copied image. The reverse shows a waving Stars and from a popular 1858 ambrotype attributed to Stripes flag, with no text. Roderick Cole of Peoria, (almost cer- tainly used for Lincoln’s unsuccessful 1858 US 1918 Henry Ford For Senator Pinback Campaign Button, 15 Senate campaign). Around the periphery are millimeters in diameter, About Uncirculated—$195. Few peo- “Abraham Lincoln 1860.” The reverse has a ple today know that the founder of Ford Motor Company won picture of Hamlin with the text “Hannibal the 1916 Michigan Republican presidential primary and placed Hamlin 1860” around the periphery. 10th on the first ballot for the presidential nomination at the There is a small sliver at the top of Lincoln’s photograph that Republican National Convention (he received more votes for is missing but it does not extend down to Lincoln's head. This the nomination than former President Taft and future President button was created with the hole at the top so it could be worn Harding combined). Historic side note—the Republicans nomi- on a necklace or pinned onto clothing. nated Supreme Court Justice Charles Evans Hughes, the only sitting Supreme Court judge nominated to run for president. Ford’s political downfall was apparently he thought he was so famous he could win elections without having to spend any time or money to campaign! Although Ford’s businesses produced weapons and equipment for the Allies in World War I, he was personally a pacifist. Be- cause of this stance, Democrat President Woodrow Wilson sought Ford to run as the Democrat candidate from Michigan for the US Senate in 1918. Wilson wrote, “You are the only man in Michigan who can be elected and help bring about the peace you so desire." He accepted the Democrat nomination and also sought the Republican nomination. The Republicans instead chose Packard automotive industrialist Truman Newberry, who defeated Ford in the general election 220,054 to 212,487. the seal appears “Eliscu,” identifying the artwork as being by The front of this button features a photo of Ford surrounded by sculptor Frank Eliscu, most famous for creating the Heisman the text “Ford For Senator.” There is a Rochester, New York un- Trophy. Note: US Mint coins and medals traditionally only in- ion bug at the right edge. clude the designer’s initials. But, since this was privately- The reverse has a pin, similar to many modern buttons. As you produced, the full last name was normal practice. might expect, some rust has developed on the back over the The bronze measures 70 millimeters in diameter, while years. the other three are all 63 millimeters in diameter. The 0.999 fine This piece is much scarcer than you might expect. We found silver medal with the antique finish contains 4.25 ounces of sil- another that auctioned in March 2016 for $280 and a nicer exam- ver. Total mintage of this piece was 2,233, including the 500 that ple that sold in June 2015 for $937. were sold in the complete four-piece sets. The 0.999 fine silver

1945 Franklin Delano Roosevelt Bronze Inaugural Medal, 44 medal with the antique 24 karat gold finish weighs 4.70 ounces. millimeters in diameter, About Uncir- The 0.999 fine silver medal with a Proof finish also weighs 4.70 culated+ with Minor Reverse Corro- ounces. Combined, this set contains 13.65 ounces of silver. sion—$175. The US Mint struck this At a bullion-related price, this set has the prospect of increasing in value either as a collectible or as a way to own silver—or both! 3,000 of these medals. The front shows a bust of Roosevelt with the peripheral Note: Several examples of US Presidential Memorabilia are text of “Franklin Delano Roosevelt- already listed on the Liberty Coin Service website. Please check Fourth Inauguration 1945.” The reverse www.libertycoinservice.com in the Exonumia category for im- depicts the Revolutionary Warship USF ages of the following: Constitution in the center with peripher- 1840 William Henry Harrison Campaign Medal, Very Fine al text of “Thou Too Sail On O Ship-Sail but Holed—$15. On O Union Strong And Great.” 1844 Henry Clay Presidential Campaign Medal, Copper re- A comparable quality specimen is cur- strike circa 1860, Uncirculated—$225. rently offered on eBay at $195; another 1844 Henry Clay Presidential Campaign Medal, Uncirculat- sold on eBay two months ago for $215. ed—$195. A comparable example sold in a major 1852 Major General Winfield Scott Medallion, About Uncir- auction in February 2018 for $187 while culated but Polished—$75. a certified MS-69 piece auctioned last 1864 General McClellan Civil War Token, Very Choice Mint month for $600. State-64, NGC—$75. 1864 General George McClellan Presidential Campaign Med- 1974 Gerald R. Ford Set/4 Inaugural medals, #326 of 500, 63-70 al, Extremely Fine—$105. millimeters in diameter, Gem Mint State-65+—$450. Gerald 1868 Ulysses S. Grant and Schuyler Colfax Presidential Cam- Ford was the only US President to never be elected by the Elec- paign Medal, Hard Rubber—$125. toral College as president or vice president. In December 1973 he 1888 Benjamin Harrison Presidential Campaign Medal, Very was selected by President Nixon and approved by Congress to Fine but Holed—$15. replace Spiro Agnew as Vice President upon the latter’s criminal 1896 William Jennings Bryan Dollar, HK-781, About Uncircu- conviction and resignation. When Nixon resigned in August lated—$250. 1974, Ford automatically became president. His 895 days as US 1908 William Jennings Bryan and John W. Kern Political president is the shortest term of any who did not die in office. Watch Fob—$24.95. These inauguration medals were struck by the Medallic Art Co. 1930 US Mint Set/4 Bronze Medals, including 1923 Medal for in New York. On the common front for all four is a bust of Ford President Harding’s death designed by George T. Morgan (of and the text “Gerald R. Ford.” In fine print near the bottom it Morgan Dollar notoriety) and the 1929 Herbert Hoover Inaugu- reads “1974 © MAC.” ral Medal designed by John R. Sinnock (of Roosevelt Dime The common back design depicts a modern stylized eagle in and fame)—$139.99. flight, the presidential seal, and the text “38 President Of The United States Of America Inaugurated August 9, 1974.” Under