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MONTHLY SUPPLEMENT: MODERN FULL-STEPS JEFFERSON NICKELS ARE SURPRISINGLY RARE

BY JOSHUA MCMORROW-HERNANDEZ, EDITOR

Jefferson nickels have slipped under the radars of coin dealers and collectors for years, with many proclaiming the current five-cent coin series a “sleeper.” It’s one of the few current, long-running series of which a complete collection remains possible to build from circulation with enough patience.

This, thanks to many of the semi-keys and even the various 35% silver wartime issues (struck from 1942-45) occasionally floating around from pocket to pocket, purse to purse, or roll to roll with little notice from non collectors and relatively scant attention from even many collectors who mistakenly think there’s little of value worth saving from the series. Perhaps even fewer numismatists still realize that it’s virtually impossible to find some dates in MS66 or higher with all five or six steps intact at the base of Monticello on the reverse.

The Jefferson nickel is by no means a challenging series for typical collectors hoping to fill coin folders or coin albums with circulated examples or run-of-the-mill uncirculated specimens. However, diehard registry set enthusiasts hoping to complete a collection of certified Jefferson nickels in the highest grades have a much more trying-and expensive-objective on their hands. For many issues, there simply are few-and often-no survivors with Full Steps details above MS66 or MS67. Even some non-FS Jeffersons are unknown in grades as “low” as MS67.

WHY ARE FULL-STEPS JEFFERSON NICKELS SCARCE?

What is it about Full Steps Jefferson nickels that make these coins so difficult to find? Bill Fivaz, who contributed to A Guide Book of Buffalo and Jefferson Nickels (Whitman Publishing, 2007), says high-grade Jefferson nickels are elusive for many reasons.

“First, the hardness of the 75%-25% copper-nickel composition does not lend itself well to quality strikes,” explains Fivaz. “Also, in many cases the dies were used well past their effectiveness, resulting in ‘mushy’ and clouded features of the design(s) and an ‘orange peel’ look in the fields, which is a characteristic of coins struck by eroded dies.” Thus, “collectors should be aware that many, if not most, of the dates from 1938 through 1970 are very difficult to locate with ‘Full Steps.’”

DEFINING “FULL STEPS”

What exactly are “Full Steps”? “The original design of Monticello on the reverse of the Jefferson nickel had six steps, with the Variety 1 (1938 and some 1939 issues) being characterized as having ‘wavy’ or rather ill-defined steps,” Fivaz notes. “Mintages after this have well-defined, straight and easy-to-count steps. It is important to understand that the count starts with the top (porch) step, and proceeds downward to the bottom one.” He says some Jefferson specialists establish step counts by counting the incuse lines between each step, with four unbroken lines equating a five-step coin whereas five undisturbed lines make a six-step specimen.

“A coin is generally considered to qualify for the Full Steps designation if it has five complete steps with no nicks, cuts, abrasions, or weakness to interrupt the step count,” Fivaz explains. “Because the definition of the steps in this series is a function of the quality of the strike, the weakness problem area always occurs beneath the third pillar of the building. This is undoubtedly due to the deepness of the hair design on the obverse directly opposite this area, which ‘steals’ planchet metal to fill that portion of the die.”

Fivaz says every Jefferson nickel is “supposed” to exhibit six steps. “Due to the striking issue and prolonged die use, these are rare except on some of the Denver mint issues from 1940 through 1945. ‘Five Steppers’ are especially challenging to locate from the San Francisco coins of this era.” In the end, the presence of a sixth step is generally regarded as the exception, and not the rule, when identifying a Jefferson nickel as an “FS” specimen. “Because five steps qualifies a coin as being ‘Full Steps,’ the sixth step is considered a bonus and in most instances may command a premium.”

“SLEEPERS” ARE WAKING

When it comes to the top-money Jefferson nickels, the presence of “Full Steps” details is key. Fivaz notes there are many dates in the series that are well known to be weakly struck and thus are exceedingly rare when encountered with full strike and/or full steps. “The two most widely known are the 1953-S and 1954-S,” he says. The former counts just 1 PCGS MS66 FS specimen and 3 in MS65 while the latter has just 1 each in MS66 FS and MS67 FS in PCGS plastic-and they’re all five-figure coins.

“However, there are several others that could be considered ‘second-tier’ rarities that a few more collectors are aware of that bring big bucks in slabbed MS65 ‘Full Steps’ condition. A couple of these are the 1944-S and especially the 1945-S silver issues.” The 1945-S is the most challenging of all the wartime issues to find in Full Steps. According to Fivaz, a PCGS MS65+ FS 1945-S recently sold through Great Collections for $685.00, hardly a surprising figure given PCGS has graded only 63 Full Steps specimens in MS65 and just 118 with the MS66 FS designation. The top grade of MS67 FS has been awarded to only 16 examples in PCGS slabs.

Many dates from the 1960s, a period of relative modernity in the numismatic sense, yielded some of the toughest conditional rarities of the entire Jefferson nickel series. “Not so commonly known but well worth looking for are the 1960-D and 1961-D dates, and even more so the 1968-D, 1969-D and 1970-D. Find one of these and you’ll be able to eat surf ‘n turf for months!” Consider the PCGS MS64 FS 1968-D, which has only a single PCGS specimen and sold last fall for a stunning $2,450.

“There are several other late date ‘sleepers’ that you should look for that the registry set boys passionately vie for in auctions and on the internet. Slabbed MS65 and especially MS66 issues are tough, such as the 1976 (Philadelphia) PCGS MS66 FS, with a population of 13, which sold through GreatCollections earlier this year for $580.00. Adds Fivaz, “so please don’t discount these ‘common’ coins in top condition!”

TOP-FLIGHT JEFFERSONS SLIDE UNDER THE RADAR

In many instances, such conditionally scarce-even rare-Jefferson nickels are simply disregarded by individuals who give nary a thought to scouring modern business-strike coins for good surfaces and strong strike details. Yet, it’s well-struck Jefferson nickels that are among the most valuable class of moderns, similar to “Full Torch” or “Full Bands” Roosevelt dimes, which are also grossly uncommon.

Consider the situation with Jefferson nickels struck during 1982 and 1983, when federal budget cuts brought a halt to the United States Mint’s uncirculated set program and a deep recession pushed many budget-constrained collectors into spending their rolls of late-date uncirculated coins on food and rent. Relatively few Jefferson nickels from that period were saved, and of the four business-strike issues from those two years, only a handful of PCGS specimens from either the Philadelphia or Denver Mint grade as high as MS67, with only 1 PCGS-encapsulated representative each for the 1982-P and 1983-D, 4 for the 1982-D in MS67 and 1 for that same issue with “Full Steps,” and no MS67s of any classification for the 1983-P. MS65 and MS66 specimens with Full Steps details from 1982 and 1983 regularly trade in the low to mid hundreds of dollars each.

Meanwhile, MS67 FS Jefferson nickels of even more recent vintage are snagging respectable four-figure prices, such as the only known PCGS MS67 FS 1985-P that took $3,120 in a January 2018 Heritage Auctions sale. Eclipsing that figure is the 1992-D PCGS MS67 FS (population of 3), which claimed $3,760 in a 2016 Heritage event. As with any era of Jefferson nickels, overall strike quality and preservation for the various 1990s issues vary from year to year. For example, PCGS has graded 2 1994-P Jeffersons with the rarely bestowed MS70 FS designation, and these have an estimated retail value of about $4,500. Yet, no 1998-D Jefferson is certified by PCGS in a grade higher than MS66. Only a single 1999-P PCGS MS68 FS exists, and it traded for $4,465 in a 2016 Heritage Auctions sale.

The bottom line? Top-grade Jefferson nickels deserve more attention from coin dealers and coin collectors alike. “The Jefferson nickel series is a very interesting and rewarding area, especially if you know what to look for and if you have a good grading eye,” Fivaz remarks. “I might suggest that you peruse the top third-party grading services’ population and pricing reports on their websites to acquaint yourself with those dates that have the most potential and desirability. I guarantee that it will pay off for you!”

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Best Junior Silver Stocks of 2018 on the TSXV

While investors continue to turn to precious metals as a safe-haven within the current state of the market, silver has not managed to pick up the type of gains its sister metal, gold, has. While it managed to hit a high of US$17.54 on January 24, it declined more than 3 percent in Q1.

Many analysts and insiders believe that despite silver’s performance in the first three months of the year, a bull market might be around the corner for the gray metal. With that in mind, here we look at the best junior silver stocks making the most gains for the quarter.

The list below was generated on March 29, 2018 using the Globe and Mail’s market data filter, and it shows the TSXV-listed silver companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $10 million as of that date are included.

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1. Minaurum Gold (TSXV:MGG)

Current price: C$0.57; year-to-date gain: 132.65 percent

Minaurum focuses on the exploration and development of high-grade gold and silver projects in the Southern Sonora State, Oaxaca-Chiapas Region and Guerrero Gold Belt.

The company had been credited with the discovery of over 200 million ounces of silver and 8 million ounces of gold in Mexico.

In January, the company released results from its ongoing drill program in the Alamos silver district in Sonora, Mexico which returned results of 1.2 meters grading 542 g/t (17 opt) silver.

“As only the second hole ever drilled outside of the historic core of the district, it confirms our “piano-key” structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program,” said Stephen Maynard, vice president exploration of Minaurum.

The drill program also produced lead, zinc and copper results.

2. Hunt Mining (TSXV:HMX)

Current price: C$0.370; year-to-date gain: 23.33 percent

Hunt Mining is a precious metal exploration and development company with core projects located in the Santa Cruz Province of Argentina. Since its inception, the company corporation has drilled more than 62,000 meters of diamond core, conducted 416 line km of IP/Resistivity geophysical surveys and collected more than 20,000 surface chip, channel and trench samples.

Towards the end of January, Hunt Mining announced positive drill results from its Martha project in Argentina. A total of 19 holes were drilled, with highlighted results above 400 g/t.

By the end of February, six concentrate shipments from production at the Martha project were finalized and the company was able to positively revise its 2017 production summary, boosting an additional 20,049 silver and 31 additional ounces of gold back from the smelter. In addition to the improved ounces of silver and gold, the timing of when the corporation sold the ounces factored significantly and added for total increase US$634,076.

3. Aura Silver Resources (TSXV:AUU)

Current price: C$0.025; year-to-date gain: 25.00 percent

Aura Silver Resources is an exploration company engaged in the discovery of precious metal deposits with a focus on gold and silver.

Currently, Aura Silver has two significant precious metals projects – the Taviche project in Mexico and Greyhound project located in Nunavut, Canada.

In early February, the company announced that it had significant grab sample assay results taken over the past four year on the Greyhound project and results were up to 103 grams au per tonne.

Robert Boaz, director of Aura Silver, stated, “the Greyhound project hosts substantive potential for discovery of a gold/silver deposit given the extraordinary number of significant mineralized showings on the property. Each prospecting campaign conducted over the years has returned with further exciting samples of precious metal mineralization.”

4. Maya Gold & Silver (TSXV:MYA)

Current price: C$2.23; year-to-date gain: 26.70 percent

Maya Gold & Silver is an international mining and mineral exploration company with a growing number of precious and base metal properties in Morocco. These include past-producing mines and high-potential exploration properties.

At the beginning of January, Maya reported an impressive resource estimate for its Zgounder silver mine property.

By the beginning of March, the company released another Zgounder silver mine update that stated Maya had reached a highly mineralized pass identified in hole ZG-15-Ext-12 with a new 24 meter drift at the 2030 level. The hole had intersected 10 meters at 1098 g/t Ag.

5. Impact Silver (TSXV:IPT)

Current price: C$0.415; year-to-date gain: 18.57 percent

Impact silver operates two production centres within its 623 square kilometer claim package located in close proximity to Mexico City.

Currently, the company is carrying out a continuous three-part program of exploration, development and mine production.

In mid-January, Impact Silver reported high-grade silver results from surface drilling which have extended mineralization 250 meters south at the San Ramon mine in central Mexico. The zone remains open for further extension.

Fred Davidson, CEO, stated, “with these drill results we continue to successfully extend the San Ramon mineralizing system which is larger at depth than near surface. These results along with some historic holes, extends the mineralization 250 meters south of existing mine workings and 200m vertically up-dip representing potential additional mining areas for the San Ramon Mine. We have two underground drill stations almost ready from which we will test the further extension of the zone to depth and to the south.”

What do you think were the best junior silver stocks of 2018? Let us know in the comments below.

Don’t forget to follow us @INN_Resource for real-time news updates.

The data for this article was retrieved on March 29, 2018 using The Globe and Mail’s market data filter. Only TSXV-listed silver companies with market capitalizations greater than $10 million are included.

Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.

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GREENSHEET: ACTIVITY ACROSS THE MARKET

BY PATRICK IAN PEREZ, EDITOR

The United States currency market got a major shot in the arm with the March Whitman Baltimore Expo and the associated Stack’s Bowers auction. It was the largest sale in terms of prices realized for the firm, netting just under $10.5 million. While it will surprise exactly no one that the first part of the Joel Anderson Collection provided a large chunk of that total, the overall sale was strong. The Anderson notes brought home over $7.9 million for 64 notes for an average of more than $123,000. A remarkable 44 of the 64 notes sold for above their high estimate, and the only note that did not sell above the low estimate was the Series 1891 $10 Silver Certificate (Fr.-298) which brought $45,800 versus a $50,000 estimate. While the outright rarity of the Anderson notes were going to bring high prices regardless, a true measure is both the demand and comparisons to what comparable or the same notes brought in the past. The top two lots of the sale both sold for $960,000: the Series 1863 $1,000 Legal Tender (Fr.-186d) and the Series 1880 $1,000 Legal Tender (Fr.-187b). While one (or both) of these notes certainly had the potential to break the $1 million mark, falling just short is nothing to scoff at. Close on the heels of these two notes was the Series 1863 $500 Legal Tender (Fr.-183c) at $900,000. The previous high for this exact note was $621,000 in 2005.

The Anderson sale was the greatest offering of the so-called “middle of the book” issues in recent memory. Named because of where they fall in “Paper Money of the United States,” by Arthur L. and Ira S. Friedberg, these include Interest Bearing Notes and Compound Interest Treasury Notes. In addition to the rarity, these note types feature many designs and vignettes that are not found on any other piece of American currency. This alone may contribute to their demand. That there are collectors who will to go into the six figures to acquire these esoteric pieces is certainly a positive thing for the market. Interest Bearing Notes were essentially circulating bonds, and the top note of this type, the 1861 $500 (Fr.-209a) sold for $660,000. This note was last seen by the collecting community in 2005 when it sold for $299,000. While a high-denomination rarity is expected to be a stunner, the result of the 1861 $50 Interest Bearing Note was truly astounding, selling for $576,000, more than doubling its high estimate. This note is made payable to Samuel Colt, an aspect that surely increased it price. Nonetheless, this note was sold for $86,250 in 1999, realizing a 568% return in less than two decades. Two Interest Bearing Notes that deserve mention are the 1861 “Two Year” Specimens in the denominations of $50 and $500 that both smashed their $25,000 high estimate, bringing $43,200 and $40,800 respectively. In the case of the $500, this Specimen is the only example of this note anywhere.

Turning to the Compound Interest Treasury Notes, the lead example was the 1864 $10 (Fr.-190b), certified Uncirculated-61, bringing $96,000. The previous high watermark for this exact note was $54,625.

Another hallmark of the Anderson notes is that many of them are at the very top of the condition census of their type, and these performed very well. The Series 1907 $10 Gold Certificate (Fr.-1168), certified Superb Gem-67 PPQ (all notes graded by PCGS Currency) sold for $24,000. The previous high for this note type in 67 was $13,800. The finest known Series 1875 $5 “Woodchopper” Legal Tender (Fr.-65), graded Gem-66, sold for $9,900, nearly double its previous high. Top-grade Federal Reserve Notes drew very spirited bidding. A Series 1914 $10 from San Francisco (Fr.-951a) graded Superb Gem- 68 that is otherwise common brought $11,400, a full 280% over its high estimate. A 1914 $100 certified Superb Gem-67 (Fr.-1104) took home $8,400 and a 1914 $20 from Atlanta (Fr.-984) also in Superb Gem- 67 sold for $5,520. Even the least-expensive note of this part of the collection, a 1914 $5 FRN sold for $780, well above its estimate. The second part of the Anderson Collection will cross the block in August at the ANA in Philadelphia.

We must also mention another stunning note that sold in Baltimore, and that is the 1861 $5 Demand Note issued from Philadelphia (Fr.-2) in Gem-65 from the A.J. Vanderbilt Collection. Last sold way back in 1990 for $26,400, this note sold for an astounding $372,000. The appetite for rare notes is clearly there in today’s market.

On the wholesale side of the market, among the best movers have been circulated, mid-grade large-size type notes in the $500 to $5,000 price range. This is especially seen in Legal Tenders and Gold Certificates. There are many Legal Tenders, especially in the lower Friedberg numbers, that are deceptively scarce and it seems the market is recognizing this. All one has to do is browse online auction results and compare the frequency with which notes appear to see this. The Series 1917 $1 and $2 Legal Tenders outnumber the earlier Series 1880 by a wide margin, although the difference in price is not yet as wide. As a result, honest, evenly worn notes in Fine through Extra Fine are in demand.

BLUESHEET: STACK’S BOWERS SALE IN BALTIMORE SHOWCASES ECLECTIC VARIETY OF GEMS

The Whitman Baltimore Expo bourse floor was hot with hundreds of dealers and thousands of attendees even as a nor’easter brought much of the Boston-Washington corridor to a freezing halt. The spring show, spanning March 22-25, was anchored by a multi-session Stack’s Bowers sale with thousands of tantalizing lots crossing the block at the Baltimore Convention Center. Among the early offerings from the Baltimore sale as this issue of Bluesheet was going to press included selections from the Brian Dobbins and A.J. Vanderbilt Collections, with the former featuring some 800 lots of fascinating tokens and medals and the latter offering 582 lots of classic American coinage.

Leading the Stack’s Bowers event was the sale of the Dobbins Collection, representing the stuff of any exonumist’s dreams with its exciting array of vintage medals, tokens, and many other unusual curiosities. Atop the listings from the Dobbins offerings was an 1892- 1893 Columbian Expo Award Medal with Rejected Nude Youth Reverse designed by none other than Augustus Saint-Gaudens. The medal, billed as “the holy grail of Columbian Expo numismatics,” was intended for sale at the World’s Columbian Expo in Chicago, an internationally recognized event attracting 27 million visitors and thousands of exhibitors from 46 countries. A work of pride and joy for the renowned sculptor, the medal was ultimately rejected by the United States Quadro- Centennial Committee for the depiction of the nude youth, is extremely rare, with the reverse having appeared on only a few medals and progress pieces. This hefty Gem Mint State bronze medal, measuring 102 millimeters and weighing 309.94 grams, commanded $45,600.

Other highlights from Session 1 include a pair of election tickets for the 1856 election of James Buchanan and John C. Breckenridge to the presidency and vice presidency, taking $120. Another relic from presidential campaigns of the past was an NGC MS65 Abraham Lincoln “Rail Splitter” medal issued in 1860 for the 16th president’s inauguration, taking $7,800. Fans of President William Henry Harrison could have bought several items from his successful 1840 campaign, such as a group of six brass medalets that drew $216. Hobo nickels saw fervent bidding, including a piece known as “Man with Beard, Hat and Collar” hosted on an AU 1913 Type I Buffalo nickel; this piece, carved by original hobo nickel legend George Washington “Bo” Hughes, hammered for $1,800.00.

Session 2, the sale of the Vanderbilt Collection of U.S. Coins, presented a multitude of high-end certified specimens from many classic series, including a scintillating sampling of early gold issues. A PCGS/CAC MS62 1795 Capped Bust Right Heraldic Eagle Reverse half eagle traded hands for astounding $180,000, serving as the high-water mark for the second day of action. Following closely behind was a PCGS MS62 1795 Capped Bust Right Small Eagle half eagle, which sold for $132,000.

A pair of the remarkably rare and sought-after round and octagonal 1915-S Panama-Pacific Exposition $50 gold coins stunned bidders; the round $50, an NGC/ CAC MS64, took $120,000 and the octagonal PCGS MS64 went for $96,000. A host of other high-end classic commemoratives paraded across the block, such as a PCGS MS64 1900 Lafayette silver dollar that sold for $1,980, PCGS MS65 1921 “Plain” Missouri Centennial half dollar trading for $1,440, and PCGS/CAC MS64 1905 Lewis and Clark Exposition gold dollar with a going price of $3,840.

Early copper also performed well, with a PCGS AU58 1795 Liberty Cap Lettered Edge with Pole half cent taking $15,600 and a nice PCGS/CAC MS63BN 1795 Liberty Cap large cent selling for $20,400. Small copper had its share of the spotlight, too, with a PCGS PR65 1858 Flying Eagle cent Small Letters, Low Leaves Reverse Type III pulling in a respectable $33,600.

A rainbow-mottled PCGS/CAC Gold MS64 1868 silver three-cent “trime” and a PCGS/CAC PR64 1877 twenty-cent piece posted excellent results for the “odd denominations,” with final bids of $22,800 and $15,600, respectively. Speaking of obsolete denominations, a PCGS AU Details (Cleaned) 1795 Flowing Hair half dime snatched $3,360 while a PCGS/CAC Gold MS62 1846 Liberty Seated half dime, drummed up a whopping $48,000.

Other classic silver also recorded huge figures, such as an extremely rare PCGS MS63 1874-CC Liberty Seated dime with arrows going for $108,000. A PCGS/CAC AU55 1795 Flowing Hair Two Leaves half dollar took a tidy sum of $33,600, while a PCGS/CAC MS64 1904-S Barber half dollar, a series key dappled with apricot and powder blue hues, was $20,400. Another 1795-dated entry, an NGC MS62 Flowing Hair Two Leaves silver dollar, transacted for $72,000, while its same-year counterpart, a PCGS MS62 1795 Draped Bust silver dollar with off-center bust, took a final bid of $108,000. Wrapping this roundup of early Baltimore auction highlights was a particularly hot entry from the ever-popular Morgan silver dollars series, a PCGS/CAC MS61PL 1889-CC notching an astonishing $30,000.

Best Silver Stocks of 2018 on the TSX

The silver price was under pressure in the first quarter of the year. While it managed to hit a high of US$17.54 per ounce on January 24, it declined 3.76 percent in Q1 to end at US$16.20.

As investors watch interest rate hikes, political uncertainty and a depressed dollar, they are slowly turning their direction towards the gray metal as a safe-haven asset.

Despite silver’s slow start to the year, analysts and industry experts believe that the silver price could increase later this year. With that in mind, it’s interesting to look at which silver stocks performed the best in the first quarter of 2018. 

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The list below was generated on March 28, 2018 using the Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $50 million as of that date are included.

1. Sierra Metals (TSX:SMT)

Current price: C$3.27; year-to-date gain: 10.1 percent

Sierra Metals is a Latin American precious and base metals producer. The company owns and operates three producing mines: the Yauricocha mine in Peru and the Bolivar and Cusi mines in Mexico.

In January, the company said it expects its 2018 silver production to range between 13.9 and 16.2 million ounces. The forecast range is the result of “increased throughput, production, and higher recoveries” at its Bolivar and Cusi mines. At the beginning of February, the company reported drill results from the Cuye zone, located at the Cuye zone extension within the Central Mine at Yauricocha.

2. SSR Mining (TSX:SSRM)

Current price: C$12.23; year-to-date gain: 9.29 percent

SSR Mining is an intermediate precious metals producer with three mines in the Americas. As of December 31, 2017, the company boasted a balance sheet of US$460 million in cash and cash equivalents and US$114 million in marketable securities.

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In the middle of January, SSR Mining announced that it had exceeded 2017 production guidance at its Puna Operations to put out a total of 6.2 million ounces of silver. Puna is expected to produce between 3 and 4.4 million ounces of silver in 2018, with approximately 1.6 million ounces of production anticipated in the first half of the year. SSR Mining also produces gold

3. Pan American Silver (TSX:PAAS, NASDAQ:PAAS)

Current price: C$20.42; year-to-date gain: 3.29 percent

Pan American Silver is the second-largest primary silver producer in the world. The company is involved in the discovery, engineering, innovation and sustainable development of the gray metal.

In January, the company announced that it expects to produce between 25 and 26.5 million ounces of silver in 2018 at a forecast price of US$16.50 per ounce. Additionally, Pan American anticipates spending approximately US$21 million on near-mine and regional exploration in 2018, drilling a total of approximately 115,000 meters.

Michael Steinmann, president and CEO, said in February that the company, “[g]enerated US$224.6 million in cash flow from operations in 2017. La Colorada, Morococha, Huaron and Dolores [mines] had record annual operating free cash flow … resulting in a balance of $227.5 million at year-end.”

What do you think were the best silver stocks of Q1 2018? Let us know in the comments below.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.

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Best Silver Stocks of 2018 on the TSX

The silver price was under pressure in the first quarter of the year. While it managed to hit a high of US$17.54 on January 24, it declined 3.76 percent in Q1 to end the period at US$16.20.

As investors watch interest rate hikes, political uncertainty and a depressed dollar, they are slowly turning their direction towards the gray metal as a safe-haven asset.

As interest grows, analysts and industry experts believe that prices could increase later this year. With that in mind, it’s interesting to look at which silver stocks performed the best in the first quarter.

The list below was generated on March 28, 2018 using the Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $50 million as of that date are included.

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1. Sierra Metals (TSX:SMT)

Current price: C$3.27; year-to-date gain: 10.10 percent

Sierra Metals is a Latin American precious and base metals producer. The company owns and operates three mines in commercial production: the Yauricocha Mine in Peru and the Bolivar and Cusi mines in Mexico.

In January, the company announced that they expect for 2018 silver production to range between 13.9 and 16.2 million ounces. The forecast range is a result of “increased throughput, production, and higher recoveries” at their Bolivar and Cusi mines.

At the beginning of February, the company released drill results of 1.58 percent copper, 99 meters with 1.48 percent copper and 44 meters with 1.04 percent copper at their Cuye zone, boosting “intercepted polymetallic sulphide mineralization containing high-grade silver, zinc, copper and lead zones over significant widths.”

2. SSR Mining (TSX:SSRM)

Current price: C$12.23; year-to-date gain: 9.29 percent

SSR Mining is an intermediate precious metals producer with three mines in the Americas. As of December 31, 2017, the company boosted a balance sheet with US$460 million in cash and cash equivalents and US$114 million in marketable securities.

In the middle of January, the company announced that they had exceeded their 2017 production guidance and revised it to a total of 6.2 million ounces of silver. With this announcement, SSR reported that their Puna operations would complete development of this deposit in 2018, in order to extend its operating life. The Puna operations will produce lead-silver and zinc concentrates and the company also expects it to produce between 3.0 million and 4.4 million ounces of silver in 2018.,

Approximately 1.6 million ounces of silver production is anticipated in the first half of the year based on “processing of stockpiles and Chinchillas production.”

3. Pan American Silver (TSX:PAAS, NASDAQ:PAAS)

Current price: C$20.42; year-to-date gain: 3.29 percent

Pan America is the second largest primary silver producer in the world. The company is involved in the discovery, engineering, innovation, and sustainable development of the gray metal.

In January, the company announced that they expect 2018 to produce between 25.0 to 26.50 million ounces of silver at a forecast price of US$16.50 per ounce.

Additionally, Pan American anticipates to spend approximately US$21 million on near-mine and regional exploration in 2018, drilling a total of approximately 115,000 metres.

In February, the company reported that their mineral reserves are estimated to contain approximately 288 million ounces of silver and 1.9 million ounces of gold.

Michael Steinmann, president and CEO, also announced in February that they, “[g]enerated US$224.6 million in cash flow from operations in 2017. La Colorada, Morococha, Huaron and Dolores [mines] had record annual operating free cash flow […] resulting in a balance of $227.5 million at year-end.”

What do you think were the best silver stocks of Q1 2018? Let us know in the comments below.

Don’t forget to follow us @INN_Resource for real-time news updates.

The data for this article was retrieved on March 28, 2018 using The Globe and Mail’s market data filter. Only TSX-listed silver companies with market capitalizations greater than $50 million are included.

Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.

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Zinc One Reports High-Grade Zinc Results from 2018 Drill Program at its Bongara Mine Project, Peru

Zinc One Resources Inc. (TSXV:Z) (OTC Pink: ZZZOF) (FSE: RH33) (“Zinc One” or the “Company”) has received the first drill results from the previously announced drill program at its Bongará Zinc Mine project located in north-central Peru. The drill program commenced at the Mina Grande Sur and Bongarita zones where two portable drill rigs are currently operating. The results of this drill program continue to demonstrate the potential value of the project and will provide valuable information towards advancement of the project going forward.

Initial Drill Results Highlights:

Mina Grande Sur

  • A total of 542.9 metres completed from 33 holes (11 platforms x 3 holes each) and results for 11 drill holes reported herein.
  • Mineralization at Mina Grande Sur includes zinc oxides, carbonates and silicates.
  • Significant intercepts include (1):
    • MGS18001 – 5.5 metres of 26.1% zinc, starting at 3.0 metres drill depth
    • MGS18003 – 4 metres of 32.5% zinc, starting at surface
    • MGS18003 – 15 metres of 21.5% zinc, starting at 15.0 metres drill depth
    • MGS18004 – 9.1 metres of 43.6% zinc, starting at surface
    • MGS18006 – 14.1 metres of 32.8% zinc, starting at surface

Bongarita

  • A total of 587.2 metres completed from 36 holes (12 platforms x 3 three holes each) in an area approximately 100 metres x 150 metres and results from 13 drill holes are reported herein.
  • Mineralization at Bongarita includes zinc silicates hosted exclusively by soils.
  • Significant intercepts include (1):
    • BO18005 – 11.5 metres of 16.0% zinc, starting at surface
    • BO18005 – 5.7 metres of 29.2% zinc, starting at 5.8 metres drill depth
    • BO18007 – 7.0 metres of 25.3% zinc, starting at surface

Jim Walchuck, President and CEO of Zinc One commented, “The results of the drill program at Bongará are very optimistic and further demonstrate the potential of this project going forward. The Mina Grande Sur drill holes confirm the high-grade nature of the Bongará project with many of these intercepts starting at or near surface. Additionally, this is the first time any drilling has been done at Bongarita and the results we have received thus far have been very encouraging.

The results from the program will also contribute to the upcoming resource estimate and PEA planned for 2018. Overall, we could not be more pleased with the drill progress and results to date.”

Geology and Discussion of Results

The zinc mineralization at Bongará is hosted by carbonate rocks and is classified as a Mississippi Valley-type deposit. The mineralization is stratabound and is basically a tabular body with irregular boundaries. Hydrozincite, smithsonite, hemimorphite, and a zinc-aluminum-iron silicate, erroneously referred to as baumite in a previous press release, are the primary zinc minerals that are hosted primarily by heavily-weathered fractured dolomites and dolomite breccias. At Bongarita specifically, mineralization is exclusively hosted by soils. Overall, the mineralization is focused along the axis of a doubly-plunging anticline as well as within the eastern flank of the anticline.

Significant results, including drill-hole orientation and total depths for Mina Grande Sur and Bongarita can be found below in Tables 1 and 2, respectively. Although, there was no zinc mineralization found within the carbonate rocks at Bongarita as there was elsewhere along the 1.4 kilometre long trend, much of the soil drilled provided significant high-grade zinc results. Links to two figures pertaining to the drill program are included below. The first is a link to a plan map of Mina Grande Sur showing the current and proposed drill holes and the second is a plan map of Bongarita again showing completed and proposed drill holes. Both maps also include the recent channel and pit sampling locations previously reported.

Figure 1Bongará Project – Mina Grande Sur

https://zincone.com/projects/bongara-project/drill-program-1/

Figure 2Bongará Project – Bongarita

https://zincone.com/projects/bongara-project/drill-program-1/

Table 1Mina Grande Sur – Drill Results (1)

Drill Hole Easting* Northing* Azimuth Inclination Total Depth From (m)

To (m) Total (m) Zn (%)

MSG18001 171428 9367776 320 -60 20.0 3.0 8.5 5.5 26.1
MGS18002 171428 9367776 0 -90 23.6 0.0 9.3 9.3 13.3
Including 6.4 9.3 2.9 17.0
MGS18003 171431 9367778 110 -45 33.0 0.0 30.0 30.0 16.5
Including 0.0 4.0 4.0 32.5
Including 4.0 15.0 11.0 3.9
Including 15.0 30.0 15.0 21.5
MGS18004 171521 9367686 320 -60 18.0 0.0 9.1 9.1 43.6
MGS18005 171521 9367686 0 -90 20.0 0.0 4.5 4.5 7.5
MGS18006 171521 9367683 180 -45 18.5 0.0 14.1 14.1 32.8
MGS18007 171495 9367673 0 -90 10.5 No significant intercepts
MGS18008 171495 9367673 100 -45 18.0 No significant intercepts
MGS18009 171491 9367672 225 -45 12.5 No significant intercepts
MGS18010 171457 9367668 0 -90 12.8 No significant intercepts
MGS18011 171457 9367668 180 -45 15.0 No significant intercepts

 

*Preliminary coordinates; land survey pending

Table 2Bongarita – Drill Results (1)

Drill Hole Easting* Northing* Azimuth Inclination Total Depth From (m) To (m) Total (m) Zn (%)

BO18001 170471 9368830 -90 25.0 0.0 4.5 4.5 12.3
BO18003 170470 9368830 225 -45 16.3 0.0 2.8 2.8 1.7
BO18004 170442 9368823 -90 19.5 0.0 4.5 4.5 4.0
BO18005 170442 9368823 315 -45 16.3 0.0 11.5 11.5 16.0
Including 5.8 11.5 5.7 29.2
BO18006 170442 9368823 225 -45 14.8 0.0 4.2 4.2 9.5
BO18007 170468 9368796 -90 17.0 0.0 7.0 7.0 25.3
BO18008 170468 9368796 225 -45 11.0 0.0 3.2 3.2 20.0
BO18010 170436 9368801 0 -90 10.5 Not sampled
BO18011 170436 9368801 90 -45 10.3 Not sampled
BO18012 170433 9368799 225 -45 17.0 0.0 0.5 0.5 9.7
BO18013 170442 9368768 -90 12.0 0.0 1.3 1.3 18.7
BO18014 170442 9368768 180 -45 15.0 0.0 4.3 4.3 18.1
BO18015 170444 9368769 90 -45 25.3 0.0 6.9 6.9 10.2

 

*Preliminary coordinates; land survey pending

Sampling and Analytical Protocols

Zinc One follows a systematic and rigorous Quality Control/Quality Assurance program overseen by Dr. Bill Williams, COO and Director of Zinc One.

The sample from each core run is placed in a 60 centimetre long, plastic core box that has five columns. Core recovery, rock quality designation (“RQD”), and geologic features are logged and sample intervals, which are generally <2 metres, are chosen. Each core box is photographed and then sampled with a spatula (soil and heavily-weathered rock) or cut with a core saw, 50% of which is placed in a sample bag and stored on site in a secure location. The Company independently inserts certified control standards, blanks, and duplicates, all of which comprise approximately 30% of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until such time they are shipped to ALS laboratory in Lima (ISO 9001 Certified) for preparation and assay. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This is followed by the ICP-AES analytical technique for 33 elements, including lead. The same method is used to assay zinc for values up to 20%. If zinc exceeds 20%, it is then analyzed using a titration method. The laboratory also inserts blanks and standards as well as including duplicate analyses.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Dr. Bill Williams, COO and Director of Zinc One, a qualified person as defined by National Instrument 43-101.

________

(1) Given that the strike and dip of the mineralization is not known, the intercepts do not necessarily represent true thicknesses; moreover, long intercepts, e.g., MGS18-003, most likely drilled subparallel to the dip of the tabular mineralized body.

About Zinc One Resources Inc.

Zinc One is focused on the exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. The Company’s key assets are the Bongará Zinc Mine Project and the Charlotte Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008, but was closed due to the global financial crisis and concurrent decrease in the zinc price. Past production included 20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte Bongará Project, which is nearly six kilometres to the NNW and where past drilling intercepted various near-surface zones with high-grade zinc. Zinc One is managed by a proven team of geologists and engineers who have previously constructed and operated successful mining operations.

Additional Information

Monica Hamm

VP, Investor Relations

Zinc One Resources Inc.

Phone: (604) 683-0911

Email: mhamm@zincone.com

www.zincone.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Project and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click here to connect with Zinc One Resources Inc. (TSXV:Z,OTC Pink: ZZZOF,FSE: RH33) for an Investor Presentation

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NCS & NGC Chosen To Conserve, Grade SS Pulaski Coins

1838 Half Dollar

Numismatic Guaranty Corporation (NGC) and Numismatic Conservation Services (NCS), both of Sarasota, Florida, have been selected to conserve, attribute, and grade coins from the wreck of the SS Pulaski, a steamship on which 128 died when it sank some 30 miles off the coast of North Carolina while en route to Baltimore from Charleston, South Carolina on June 14, 1838. The tragedy, involving a crew of 37 and about 155 passengers, saw just 59 survivors and became one of the most notable shipwrecks in early American history. The SS Pulaski hit the news again in recent months after divers reported finding what they believed to be the wreckage about 40 miles off the coast of North Carolina in January 2018.

1838 Half Dollar

In recent weeks, Endurance Exploration Group and Blue Water Ventures International have sent recovery crews to the site of the wreckage, where they have pulled up many artifacts, including coins of the United States, Spain, Mexico, and Great Britain. The presence of foreign coins on a United States ship traveling a domestic route reflects the fact that foreign coins circulated freely as legal tender in the U.S. during its early years due to the relative scarceness of American coinage in the nation’s early commerce system. Among the United States coins found in the shipwreck, one of the earliest of wrecks to include US coinage, are well-preserved half dollars and $5 gold half eagles from the 1830s and many earlier issues.

Experts from NCS, a sister company of NGC, will be responsible for conserving any coins recovered from the SS Pulaski, a coveted assignment of the type with which the company has extensive experience. Since NCS was founded in 2001, it has conserved more than 1 million coins, tokens, and medals, and has been involved with the conservation of coins from many major shipwrecks, such as the SS Republic and SS New York.

Once the coins have been processed through NCS’s conservation services, they will be attributed and graded by NGC, which was founded in 1987 and has graded more than 40 million coins from “from virtually every past and present company,” according to the company’s website. SS Pulaski coins that have been attributed and graded by NGC will then be encapsulated in NGC plastic holders, or slabs, which will include a special certification label bearing an engraving of the ship and reference the coin’s SS Pulaski provenance.

“This may be one of the most significant shipwreck finds of early US silver and gold coins,” NGC and NCS Chairman Mark Salzberg said in a press release. “We are honored to have been selected to examine, conserve and grade coins from this historic shipwreck.”

Micah Eldred, president of the Endurance Exploration, said, “We are pleased that NCS and NGC have begun their conservation and evaluation of the recovered coins.” Keith Webb of Blue Water Ventures International had similar enthusiasm for the collaborative project, saying “With recovery efforts resuming in 2018, we hope to keep NCS and NGC very busy.”

At this point, it’s impossible to say what ripple effects the coin market may see once these coins presumably hit the sales channels. Also left for speculation are more clues about specifically what coins have been found. Will their recovery dramatically affect the known available quantities for a given issue, especially if coins once thought to be extremely rare for their date or grade are recovered in the wreck of the SS Pulaski?

Time will tell. Nevertheless, this exciting numismatic development from the world of shipwreck recoveries is sure to mean many great things for coin dealers, collectors, and others who wish to own pieces of early American history long buried under the cold, deep Atlantic waters off the Eastern Seaboard.

Stratabound Announces Closing of First Tranche of Private Placement

Stratabound Minerals Corp. (TSXV:SB) (“Stratabound” or “the Company”) is pleased to announce that it has closed the first tranche of the non-brokered private placement offering (the “Private Placement”) which was first announced on February 20, 2018.

The Company has issued 3,830,036 units (the “Units”) at a price of $0.055 per Unit for gross proceeds of $210,652.  Each Unit consists of one common share of the Company and one-half of one transferable share purchase warrant (a “Warrant”). Each Warrant will be exercisable for one common share at $0.08 for 24 months from the date of issue. As noted previously, the Company’s major shareholder has subscribed for the lead order of the Private Placement.

All securities issued pursuant to the Private Placement are subject to a statutory hold period through July 27, 2018 in accordance with applicable securities legislation. Fees of $4,929.50 and 86,100 non-transferable finder warrants (exercisable for one common share at $0.055 for 18 months from the date of issue) were paid in respect of the first tranche of the Private Placement. A total of 1,230,000 Units were purchased under the existing shareholder exemption. As previously mentioned, the funds raised in the Private Placement are being used for the Golden Culvert and Little Hyland option acquisition and of general working capital purposes.

The Company continues to receive subscriptions for the remaining approximately 3.4 million Units of the Private Placement offering, and expects to close the final tranche of the Private Placement in early April.

Kim Tyler, Stratabound’s president and CEO, commented, “We are pleased to have closed the first $210,000 of the Private Placement, and we continue to receive strong interest in the Company and the Golden Culvert project. We have an exceptional project in the right location with the right geology and the right management team. Once we can get on the ground in May to start our exploration program, we expect to have good exploration success. We have exceptional showings and soil geochemistry that demonstrate that we have above-average opportunities to discovery a new major gold deposit.”

About the Golden Culvert and Little Hyland Properties

Golden Culvert and Little Hyland cover 83.8 square kilometres across a 24-kilometre strike located approximately 20 kilometres northeast of and parallel to Golden Predator Mining Corp.’s 3 Aces property. Work filed in Yukon mineral claims assessment reports has outlined a northerly trending, 3 kilometre by 250 metre, +30 ppb Au up to 791 ppb Au gold-in-soil anomaly that remains open at both ends. The soil anomaly is centred around partially exposed primary gold-bearing quartz veins grading between 7.7 to 22.8 gpt gold over 1 metre and complimentary gold-bearing quartz vein stockwork within a larger silicified, altered, sulphide and gold-bearing wallrock grading up to 2.27 gpt gold over 0.5 metre.

To date a total of $564,400 of work has been done on the Property, including 3,645 soil samples, 48 stream samples, 239 rock samples,  19.4 line-km of ground magnetic survey and 18.5 line-km of VLF survey.

About Stratabound

Stratabound Minerals Corp. is a Canadian exploration and development company focused on the Yukon Territory and to a lesser extent the Bathurst Mining Camp in New Brunswick. Stratabound has a portfolio of quality properties including:

  1. The Golden Culvert gold-silver property in the southeast Yukon.
  2. The Little Hyland gold-silver property in the southeast Yukon.
  3. The Captain copper-cobalt property in the Bathurst area of New Brunswick.
  4. The CNE base metal property in the Bathurst area of New Brunswick.
  5. The Taylor Brook base metal property in the Bathurst area of New Brunswick (currently under option to Bandera Gold Ltd.).

Stratabound management also has a diversified track record of exploration, development and operating successes that includes the Kemess mine in British Columbia; the Colomac mine in the Northwest Territories; the Nighthawk Lake mine in Timmins, Ontario; the Matachewan mine in Ontario; the Pine Point project in the Northwest Territories; rescuing the Caribou mine in New Brunswick from an insolvency auction; Olympic Dam mine in Australia, the Siguiri gold project in Guinea; Norilsk Nickel’s projects in Siberia and Western Australia; and Vale and Rio Tinto Minerals in North America.

For further information, please see the Golden Culvert presentation and the NI 43-101 technical report on the Stratabound web site, www.stratabound.com.

For further information contact:

R. Kim Tyler, President and CEO

416-915-4157

info@stratabound.com

www.stratabound.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for “forward looking” statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Click here to connect with Stratabound Minerals Corp. and receive an Investor’s Presentation.

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Auction Showcases Finest Saint-Gaudens Double Eagles, Raises Funds for Numismatic Crimefighting & Other Worthy Causes

1907 High Relief Wire Edge Saint Gaudens Double Eagle

The A&A Saints Collection, billed as “one of the all-time finest collections” of Saint-Gaudens double eagles, will be auctioned on eBay from March 29 through April 8, 2018. The sale offers the entire 52-coin registry set, with 21 of its coins graded as either the finest known or tied for the finest known. The Saint-Gaudens double eagle, designed by iconic American sculptor Augustus Saint-Gaudens, was struck from 1907 through 1933.

1907 High Relief Wire Edge Saint Gaudens Double Eagle

 

According to recent court rulings on the matter, only one 1933 Saint is known to be legally in private hands, in light of circumstances following Executive Order 6102, which was signed by President Franklin Delano Roosevelt in 1933 and banned the hoarding of gold by the public. Unless future rulings determine otherwise, 1932-dated Saint-Gaudens double eagles are the last issues in the series that can be freely traded between private parties.

 

The A&A example of the 1932 Saint Gaudens double eagle, a MS66+ specimen that was graded by the Professional Coin Grading Service (PCGS) and bears its prestigious Gold Shield designation, is the finest of its kind known. This 1932 Saint once belonged in the collections of Dr. Steven Duckor and David Akers.

 

The sale is being facilitated by Barry Stuppler, who serves as president of Mint State Gold by Stuppler in Woodland Hills, California. Stuppler is representing an anonymous seller, who wishes to donate three percent of the proceeds from the sale toward the numismatic community’s Anti-Counterfeiting Education Foundation, Children’s Hospital of Los Angeles, and The ALS Association.

 

Considering the exciting array of lots in this sale, there’s a good chance tens of thousands of dollars will soon be going to several great causes. This collection offers Saint-Gaudens enthusiasts, and especially those who are building Saint-Gaudens registry sets, a rare opportunity to get their hands on many scarce key dates and some incredible conditional rarities.

 

“The amazing A&A Saints Collection is ranked as the fourth all-time finest in the PCGS Set Registry with a remarkable weighted grade point average of 65.77 and a GPA with ‘Top Pop’ bonuses of 66.13,” explained Stuppler. “Ten of these historic coins previously belonged in the most renowned collections assembled over the decades by the country’s most respected collectors,” Stuppler explained. “This is the largest set of its kind ever offered on eBay.”

 

While the 1932 double eagle rightfully captures the spotlight ahead of the upcoming A&A Saints Collection sale, there are several other outstanding lots in this sale. Among these is the PCGS Gold Shield/CAC MS67 1907 High Relief Wire Edge from the famous Harry Bass collection. Another gem is a PCGS Gold Shield/CAC 1909-D that came from the Louis E. Eliasberg and tied for the finest known and Duckor collections. The ex. Duckor PCGS Gold Shield/CAC MS66+ 1914 Saint is the finest example known, as is the 1924 PCGS Gold Shield MS68.

 

Aside from the unparalleled quality of coins in the A&A Saints Collection, there is another novel aspect to this auction, and that is the very method of sale. It’s not often that a high-level collection such as the A&A Saints enters the marketplace through a generalized online marketplace like eBay. However, it’s certainly not the first headlining collection to enter a mainstream consumer online exchange. In 2014, Kagin’s offered hundreds of coins from the famous Saddle Ridge Hoard of gold coins on Amazon, where various classic American gold coins listed for between $2,975 to $17,500.

 

All told, Stuppler believes the value of the entire A&A Saints Collection tops $7 million, making it one of the most valuable coin holdings ever offered on eBay. “We are honored to partner with Stuppler in the auctioning of the A&A $20 Gold Saint-Gaudens Collection,” said an eBay spokesperson. “Our ability to reach a broad, sophisticated market of 170 million active buyers is the perfect fit for this unique coin collection. We recognize that bidders will go beyond the typical coin collectors, as this is a chance to own a truly one of a kind investment.”