My Collections

Perth Mint – 1929 WA Centenary Medal and Sovereign Set (50 mintage)

Uniting the Perth Mint’s 1929 Western Australia Centenary Medal with a 1929P Gold Sovereign set, this prestigious pair forms a unique remembrance of the celebrations for the 100th anniversary of Western Australia in 1929, perfect for the avid collector.

Key features:

• 1929 Centenary Medal in Very Fine- Extremely Fine condition

• 1929 Gold Sovereign in Extremely Fine – about Uncirculated condition

• Commemorative set

• Prestigious timber case

• Mintage: 50

Product Specification:

Includes: The 1929 Western Australia Centenary Medal / The King George V 1929P Gold Sovereign

Year Date: 1929 / 1929

Metal Content (Troy oz): 32g Copper / 0.235

Fineness (% purity)/ Grade: Very Fine- Extremely Fine / 91.67

Maximum Diameter (mm): 39mm / 22.05

Story:

Founded in 1829

Although Europeans had contact with the west coast of the ‘Great Southern Land’ from the 17th century, European settlement did not take place until the 19th century. Indeed, it was not until May of 1829 that Britain’s Swan River Colony – renamed Western Australia in 1832 – was formally established. Celebrations were held for the centenary of Western Australia in 1929 and included the issue of the 1929 Western Australia Centenary Medal.

The 1929 Western Australia Centenary Medal

An iconic element Australian numismatics, the 1929 Western Australia Centenary Medal was struck at the Perth Mint. The obverse carries the portrait of George V by Australian artist Sir Bertram Mackennal – so well known from its employment upon Australian coinage from 1911 to 1936. The reverse carries George Kruger Gray’s distinctive, vigorous portrayal of a Black Swan, one of Western Australia’s most powerful symbols. Spanning an imposing 38mm, the 1929 Western Australia Centenary Medal is presented in Very Fine to Extremely Fine.

The King George V 1929P Gold Sovereign

The perfect partner for the Perth Mint’s 1929 WA Centenary Medal, this impressive set also comprises the Mint’s 1929P Sovereign – struck in the centenary year of Western Australia! The first of a 3-year-only type, the 1929P was the first to carry the Modified Portrait of George V and revised St George & the Dragon motif. Scarce in better grade, with so many coins lost or melted for the gold, this is your chance to secure the 1929P Gold Sovereign in Extremely Fine to about Uncirculated condition.

Source:

1929 WA Centenary Medal and Sovereign Set (perthmint.com)

https://www.downies.com/pm-1929-wa-centenary-medal-sov-set

My Collections

The Royal Mint – His Majesty The King’s Official Coinage Portrait

Image source: https://www.royalmint.com/globalassets/__rebrand/_structure/about-us/press-centre/kciii.jpg

The Royal Mint, the official maker of UK coins, has confirmed that coins featuring the portrait of His Majesty King Charles III will enter circulation.

There are approximately 27 billion coins currently circulating in the UK bearing the effigy of Queen Elizabeth II.

“Queen Elizabeth II ruled with heart and devotion, and will be dearly missed by millions of people around the world.

The King’s portrait will first appear on a £5 coin and 50p commemorating the life and legacy of Her Late Majesty Queen Elizabeth II. The 50p will enter circulation to mark the historic moment, and coins featuring His Majesty and Queen Elizabeth II will co-circulate in the UK.

Image source: https://www.royalmint.com/globalassets/__rebrand/_structure/about-us/press-centre/kciii_2.jpg

The King’s effigy has been created by renowned British sculptor Martin Jennings, and has been personally approved by His Majesty. In keeping with tradition, The King’s portrait faces to the left, the opposite direction to Queen Elizabeth II. The Latin inscription surrounding the effigy reads “• CHARLES III • D • G • REX • F • D • 5 POUNDS • 2022” which equates to ‘Charles III, by the Grace of God, King, Defender of the Faith’. The effigy will start to appear on circulating and commemorative coins produced by The Royal Mint over the coming months.

Investment

Gold Price Down USD 50 on the Day Indicating Markets in Chaos.

The markets in chaos: precious metals prices down, Bitcoin price hits lowest level since December 2020 and stocks plunges. Analysts warn of panic selling as investors are pre-reacting to the Federal Reserve’s interest rate hike on this Wednesday following a high inflation rate of the U.S.

The inflation is now expecting at annual pace of 8.6%. economists believe the Fed will need to get more aggressive to tame the inflation. The U.S. dollar reacted positively to the expected rate hike and goes stronger. In response to rising yields and a strong U.S. dollar, Gold saw a very sharp sell off as it plunged around USD 50 per oz on the day.

The precious metals are struggling as investors are still digesting inflation data and the looming economy downturn in China caused by the latest outbreak in Beijing and Shanghai. The latest lockdowns could lead to a much more extended period of supply chain issues and disruption.

Even though the market expects that the Fed will have an aggressive rate hike, but it is still not enough to get the inflation under control.

in the meantime, gold remains at risk of a more significant selloff. The support at USD 1,800 per ounce might not hold and we will see a retreat towards USD 1,750 per ounce. 

Image source: https://www.pexels.com/photo/gold-and-silver-round-coins-and-bullions-8442328/

Investment

Precious metals hit hard as Fed Chair Powell Stays


Gold and silver futures were sharply down the U.S. trading session Monday while President Joe Biden confirmed Federal Reserve Chairman Jerome Powell for his second term. The precious metals prices were under a huge pressure and selling pressure accelerated overnight. 

December gold was last down nearly USD 41.10 at USD 1,810.4 and December Comex Silver was last down USD 0.421 at USD 24.36 per ounce.

Someone argued that another term for Powell was just an excuse for bullions future traders taking profits after recent good price gains. Some analysts believe bullion markets are likely to continue to be supported by the inflation trade and to be sought out as a hedge against rising and even problematic price inflation.

Investment

Gold price is going much higher

Gold price is getting back above USD 1,800 per troy ounce. Investors expect it will continue to move higher because it is unlikely the Federal Reserve will be able to fet the inflation under control.

The growth thread of inflation and stagflation are pushing more investors reevaluate their safe-haven hedge and rearrange their investment profolio.

The inflation the year is very different from the last few years. The current inflation is not being driven by consumer demand. Prices go up because of major supply-chain around the world especially the second largest economy, China.

There is nothing the Federal Reserve can do to fix the supply chain as the inflation is on the long side of the track. With gold prices back over USD 1,800 per troy ounce, the market will see bullish momentum very soon. 

My Collections

The design for American Eagle Gold Coin – in God we trust. And in Gold we trust

The American Eagle Gold Coin is an officeal gold bullion coins of United States starting from 1986. It was produced by United States Mint. The composition of the gold coins included 91.67% gold, 3% silver and 5.33% Copper. Therefore, the fineness of this gold coin is just 22K.

The obverse of the gold coin depicts the figure of Lady Liberty. And the reverse design features a male eagle carrying an olive branch flying above a female eagle and her baby.

Let me tell you something special about American Eagle Gold Coins.

For the Eagle minted in 1986-1991, they are dated with Roman Numerals. And starting from 1992, US mint changed to use Arabic numerals for dating Gold American Eagle Coins. 

Here is the gold coin in 1990 with dated with Roman Numerals “MCMXC”.

And starting mid 2021, the reserve design of American Eagle Gold Coin changes again! It features a side profile of a Bald ealge.

The new design is stunning!                    

As the the new design is launching in mid of 2021, the collectors around the world will definitely collect the old designs of American Eagle Gold Coins especially the old design dated year 2021 and the those dated with Roman Numerals.

Investment

The Story Behind The 1933 Double Eagle

The 1933 Double Eagle Coin.

Source: https://commons.m.wikimedia.org/wiki/File:NNC-US-1933-G$20-Saint_Gaudens.jpg#mw-jump-to-license


The change of design for American Eagle gold coin triggers me to study the history or development of the American gold coins. And there is a fascinated story about the Amercian gold coins development in 1933 – The most famous gold coin – The 1933 Double Eagle Gold Coin.

I believe that most people will remember that in 1930s, US was in the bank crisis. In 1933, in order to end the 1930s general bank crisis, US president Franklin D. Roosevelt issued an important executive order – Executive Order 6102.

This Executive order 6102 was about:

  • All persons are required to deliver all gold coins and all gold bullion products which owned by them to Federal Reserve Bank.

It made:

The 1933 Double Eagle: America’s last gold coin struck for circulation and the last gold coin that can be legally owned by an individual.

However, a number of 1933 Double Eagle Gold Coins were stolen or rescured before melting and those stolen coins found their way into the hands of collectors before later being recovered. Some of the 1933 Double Eagle Gold Coins were acquired by King Farouk of Egypt who was a professional collector of many things.

In 2002, one of the 1933 Double eagle was sold to an anonymous bidder at a Stacks Bowers action in New York for USD 6.6 million.

In 2021, the coins was sold for more than USD 18 million.

If one day, you discover this 1933 Double Eagle Gold Coin, remember its story behind this gold coin.

Investment

Robert Kiyosaki suggested: Buy silver bullion now to prepare for the next decade

Silver Bullions


The famous author of RICH DAD POOR DAD as well as a famous investor indicated the importance of buying silver bullion. In his opinion, silver is the most undervalued, lowest risk, and best investment of all assets classes. He said that he would invest in silver U.S. Eagles today, not tomorrow. However, he would stop accumulating silver when silver spot get over USD 40 per troy ounce.

Robert Kiyosaki believe that globel pensions collapase will be one of the biggest threats that we will see the next 10 years. He does not think the governments and central banks will know a clear perspective to respond to this massive multi-trillion-USD global crisis. 

He suggested that “If you have no gold or Silver, start accumulating today, and do not worry about price.” “I believe that when the panic hits, gold and silver will disappear from markets as prices climb.” He also pointed out.

Physical bullion products like gold and silver are very traditional investment tools and people use it for long long time. Let wait and see whether the wisdom and experience of older people will win the monetary games.

Let me know you thought.

Investment

Transitory Inflation Sparks the Fears of Economic Slowdown

The Federal Reserve left interest rate and monetery policy unchanged. This indicates that the US is incomplete economic recovery until now.

Some economic experts believe that Federal Reserve will be wrong on inflation being temporary. From my point of view, it is quite difficult to predict inflation at this moment. Fears about the highly contagious Delta variant of Covid-19 leading to another round of economic slowdown. However, rising infection cases will cause more supply chain interruptions leading to more inflation. 

Meanwhile, some leading companies expressed that they are passing rising costs along to consumers which point out that some inflation will stick around.

As there are industry raw material inflation and higher transportation costs, implementing additional prices increases become necessary.

Another concern is that it is stagflation instead of transitory inflation. That toxic combination of slowing growth and rising prices is a real risk and a dangerous signal of stagflation.

Theoretically, stagflation will trigger bullish markets for commodity and bullions. If there is rising inflation, investors will look at hard assets including bullion markets, like Gold, Silver, Platinum.

Do you believe that bullions prices are starting to rise again?

Let me know your thought.

1 oz gold Canadian Maple Leaf Coin