The Highest Graded Mint State Humbert Gold Coin of Any Denomination or Variety Graded MS-65 * by NGC
IRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will auction an extremely rare and exceptional 1851 Augustus Humbert $50 Gold Piece at their Beverly Hills Rarities Sale on Saturday, September 13, 2008, at The Tower Beverly Hills, prior to the Long Beach Coin, Stamp & Collectible Expo.
Lot viewing for the entire auction is scheduled for Thursday through Saturday, September 11-13.
The coin, cataloged as August Humbert. $50 Gold. Reeded Edge. K-5. Rarity-5. 880 THOUS. MS-65 * (NGC), boasts a combined PCGS and NGC Population (1851 $50 Reeded Edge, 880 THOUS variety only) of just 1; 0 finer.
"This coin is a new discovery that has never been available for sale to our knowledge," said Steve Deeds, president of Bowers and Merena.
"The rarity, the quality, the history – it all adds up to make this one spectacular coin of the caliber that even the most experienced numismatists only see a few times in a lifetime.
This coin is one of the high points of the year at Bowers and Merena and we know it is going to a cause a big buzz for our September Beverly Hills Rarities Sale."
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New York gold poked its head out of an eight day dark hole Wednesday only to jump back into it Thursday by dropping its previous day’s gain. Silver and platinum were also daily losers as investors eyed declining oil prices and a strong US dollar.
September crude-oil lost 99 cents from its Wednesday $2.99 gain to close at $115.01 a barrel.
Silver for September lost 61.5 cents to end at $14.23 an ounce.
October platinum fell $27.40 to close at $1,489.10 an ounce.
December gold shed $17 to close at $814.50 an ounce. It reached an earlier low point of $810.
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Andrew Jackson Presidential $1 Coins were launched into circulation Thursday with a ceremonial release at The Hermitage, the home Jackson built and lived in near Nashville, Tennessee.
The Hermitage became a museum in 1889 and has had over 15 million visitors.
Thursday, the museum experienced an influx of new traffic as the United States Mint kicked off the event in front of hundreds of people.
Most notable was the presence of more than 300 children who received a shiny new Jackson $1 coin for free. They not only brought home with them a new coin, but a fresh perspective of history and Jackson.
U.S. Mint Deputy Director Andrew Brunhart commented,
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US inflation has hit its highest point in 17 years with a rise of 5.6% over the past year according to the Bureau of Labor Statistics. The 1913-2008 Inflation Calculator and rate charts show inflation’s jump using the government’s latest Consumer Price Index (CPI) figures.
By entering any two dates from 1913-2008 and then a dollar amount, the CoinNews Inflation Calculator measures the change in the buying power of the dollar over time. At the same time, it charts plot historical annual averages for rate of inflation, and rates of inflation.
Inflation rates climb in July
Consumer prices jumped 0.8 percent in July, which was twice the level economists had expected. The rise compares to an increase of 1.1 percent in June followed by a 0.6 percent rise in May. Over the last year, the inflation rate has hit its highest point in 17 years.
The core CPI, which excludes volatile food and energy costs, rose by 0.3 percent. The food index rose 0.9 percent in July after rising 0.8 percent in June.
What’s the real world meaning of these figures? The CoinNews Inflation Calculator can provide some insights.
Inflation Calculator examples
Using the calculator, anyone can determine the purchasing power of the dollar over time. A few examples after adjusting for inflation:
- An item purchased in 1913 for $1 would now cost $22.22 (up 12 cents from June numbers)
- An item purchased in 1950 for $10 would now cost $91.27 (up 48 cents from June numbers)
- An item purchased for $20 in 1985 would now cost $40.89 (up 22 cents from June numbers)
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