2016 has been a relatively good year for gold.
It started the year at $1,072.70 an ounce and then enjoyed steady
gains this summer when it routinely hit the $1,350 level. It has moved
down from those levels while people wait for the outcome of the
presidential election and any potential market response that may
impact precious metal prices.
RELATED: How slumping precious metals prices are
affecting the rare coin market
Despite this uncertainty, collectors still love gold coins,
especially rare and unusual ones.
Here is one of three from recent sales that caught my eye.
1993 American Numismatic Association gold 50-year membership medal
inscribed to John J. Pittman.
The American Numismatic Association is the world’s largest coin
hobby organization with roughly 25,000 members. It was founded in 1891
and has issued a variety of numismatic collectibles including
membership medals, award medals and convention medals during its long history.
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Award and membership medals often stay with the family of the
recipient, so they infrequently come to market. At Stack’s Bowers
Galleries’ Aug. 9 ANA auction, the firm sold the gold medal awarded to
past ANA President John J. Pittman in 1993
celebrating his 50 years with the organization. The obverse has the
ANA’s lamp of knowledge logo while the reverse is personally
inscribed. The gold medal of unmarked fineness weighed 11.9 grams and
Keep reading this gold-collectible-themed Market Analysis:
The tiny mistake that
makes this American Eagle gold $10 bullion coin a $10,000
rarity: The U.S. Mint was busy in 1999 striking gold
coins to meet increased demand for physical gold. So, naturally,
errors like the one this coin features happened.
No price bump for an 1889-S Coronet
$20 double eagle from the Saddle Ridge Hoard?:
The price realized was in line with prices that comparable
non-Saddle Ridge examples had brought in recent transactions.