Update on Project 2020 – Our Targeted Plan for Stockpiling Tomorrow’s Winners Today
1st American Reserve has been trying to “quietly” assemble an inventory of what we think will be tomorrow’s top rare coin winners – based on several factors, including sheer beauty, historical importance, popularity and low population capitalization (that’s a coin’s value multiplied by the number of coins in a specific grade). We’re finding that it’s becoming harder to acquire rare coins quietly, as these coins are becoming tougher and more costly to buy.
The market for many gold coins priced under $10,000 is definitely rising! Civil War-dated and Carson City-minted coins are in especially high demand. Over the last few months, we have posted over $2 million in higher bids (above any other dealer’s bids) on hundreds of different coins in our attempt to corner the finest specimens of lower-mintage, low-population $10 and $25 Gold American Eagles, $2.50, $3.00, $5.00 and $10.00 Indians, Type II and Type III Liberty Gold, and the best classic Commemorative halves. But even our higher bids are attracting fewer and fewer offers!
Although 1st American Reserve's bids on many of these coins are consistently rising, we continue to invest in these coins because we believe they are still underpriced relative to their population capitalization. In the process of accumulating these coins, we scrutinize each coin very carefully. We never sacrifice in our quest for top quality. We buy only hand-selected, top-quality specimens. That is why you should only buy rare coins from well-recognized experts. Each coin should have good eye appeal. When you see these coins, you will understand what I mean. Each coin is a classic piece of American history. Owning these coins is like holding history in your hands.
Call your Team Mike representative for a description of our fresh and quickly changing inventory of classic American gold and silver coins, but you must act quickly. As a numismatic mentor of mine used to say, there is a difference between a “fast” rabbit and a “dead” rabbit. When gems come into our inventory, they tend to move fast. That’s when you want to be a fast rabbit.