Tuesday, December 2, 2014

12/2/14 Report - PCGS Top 100 Modern Coins, Century of Gold & Silver Prices, National Geographic's 10 Fascinating Metal Detector Finds

Written by the TreasureGuide for the exclusive use of treasurebeachesreport.BlogSpot.com.
Hundred Years of Gold and Silver Prices.
Source: http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart

One of the pages provided by the Professional Coin Grading Service (PCGS) web site, is a page showing what they consider to be the top one hundred modern era coins.

Here is the intro.   The modern coin era began in America in 1965, the first year the U.S. Mint produced copper-nickel "clad" coins as replacement for silver coins, ending an unbroken, 173 year tradition. For many collectors, this was the death-knell for collecting, as the coins would no longer have any intrinsic value and mintages would be huge. Collectors perceived the modern coinage as a vast desert of ultra-common, mundane, unattractive and boring coins. So without further adieu, here is the TOP 100 MODERN COINS.


While many of those are so rare there is very little hope of finding one, some are possible.  It is always good to be aware of coins that could be worth considerable more than face value. 

Really inspecting coin finds can add both fun and value to the hobby of metal detecting.


Gold prices moved sharply lower Tuesday, giving back nearly half of the prior session’s gains and returning to below $1,200 an ounce.

Gold for February delivery dropped $18.70, or 1.5%, to end at $1,199.40 an ounce on the Comex division of the New York Mercantile Exchange


If you want to get the most out of your gold finds you need to sell at the best times.  The price of both gold and silver has varied widely over the last hundred years.  (See chart above.).  Silver has gone up and down pretty much along with gold and both have huge spikes that would be very difficult to time.

In the early eighties the Hunt brothers monopolized the silver market.  You can see on the chart how it peaked at over $110 per ounce and then plummeted to around $15 dollars an ounce.  Few people that ride an investment to a peak are able to sell while prices are still high.

Over the last few decades the price of gold has been a really wild ride.


Here is National Geographics list of 10 fascinating metal detector finds.  You won't want to miss this.



It looks like we'll be having a somewhere around a four to six foot surf for a few days on the Treasure Coast.  The trouble is that the wind will be mostly out of the East.  I'm not expecting any real improvement in beach detecting conditions for a few days.

Happy hunting,