World Wide Wednesday! June 3, 2026

Hinzugefügt: 2026-06-04

[00:00:01]Hello everybody. Thank you for joining me for this worldwide Wednesday. Today is June 3. June 3rd of 2026. My how is flying. If you are new here, my name is Dubc. I want to thank you for spending with me here today. Remember there are no wrong questions. They're always good questions. I want to thank everybody for joining me. We've got Zalty Chef in the house. Uh Investable Collectibles and Sever 47. Nice to see you gentlemen.

[00:00:28]Thank you for being here. West Texas Stacker. Also, as always, sir, nice to have you in the house. What is the wacky wacky world world coins going to be here? Arizona silver miner. I think what we're going to be talking about, we did kind of silver crowns in my last worldwide Wednesday, and that always seems to be popular. And I'm glad that so many people seem to think that those are as neat as I am, but I figured since we didn't talk about the silver eight reales, we didn't talk about the Spanish colonial pieces of eight. Uh, and I happen to be shooting one of those videos also. So, I thought we'll pull those out of the stack. We'll see if anybody's interested in talking about Spanish colonial silver and also Mexican Republic silver. We can talk about anything you guys want to talk about.

[00:01:09]This is just kind of what was sitting on my desk and why I was thinking about these things. Nice to have everybody in the house. Thank you for joining me. If you're not yet subscribed to the channel, please go ahead and click on that subscription button. Remember, it does not cost anything to subscribe to a channel. It's just a way to show support.

[00:01:25]We're looking at uh this is a Charles II Charles IV 1795 at realale. It's always fun Chepsa it's nice to have you in the house. Always fun to point this out because you know in the United States we grew up with Roman numerals with a four being a one followed by a V. Right? That is essentially one less than five. And in the case of this piece it's just simply four uh number I letter I's. Right? So this represents four Roman numerals. We think of them always having been a very solid stoic standard going back thousands of years. It turns out that was never really the case. In the case of Spain in Spanish colonial pieces, this is the number four. It's not an IV.

[00:02:11]It's just four eyes in a row. Uh Big Green Stacker, nice to have you in the house also. So we're just going to put out some pieces of Spanish colonial silver. I've got some Mexican Republic pieces here. We can do a little bit of Mexican Republic gold if you guys are in the mood for it too since I happen to have those pieces out of the vault.

[00:02:30]Really pretty uh color of tone on this one. I know this is one of my favorite eight reales because it is an 1804 silver dollar, right? The an American 1804 silver dollar is considered the king of American coins. They are worth millions of dollars. We have very few examples. We actually discovered an example recently that's kind of fun.

[00:02:50]Kind of flew under the radar. We thought we knew about every single example of the 1804 silver dollar. There are what 20 or 30 of them known. A couple dozen of them known. Something like that. Lo and behold, out of somebody's very, very, very deep, but very significant coin collection, a coin collection that was kind of renowned. People knew about it, but nobody had seen it since the 1970s. the family that had inherited pull out an 1804 silver dollar that up until this point nobody knew about and it's been authenticated. It's a legitimate 1804 silver dollar. I think it sold recently at auction. I'm not 100% positive. If anybody else has been following that, definitely let me know.

[00:03:30]So, this is another Charles IV piece, but this is just a really nice example of the only 1804 silver dollar I'm ever going to own. And you can see that this is the Mexico City mintmark right there.

[00:03:41]Uh so we know that this is made in in Mexico City in New Spain in 1804. This is towards the end of Spanish colonial rule. They uh kind of lost the war to hold on to Mexico in 1820, 1819, something like that. The 18s anyway, I think if you're a historian and you know the specific date, I think there's a little bit of kind of, you know, when did it actually begin? We think about 1776 as the beginning of our country, but of course that's not really true. Uh Dagwood, nice to have you in the house. Thank you. Uh we've got another example. This is an 1800 Charles IV. Not surprising, right? And these little marks that you see, we've talked about those before on the channel if you're not familiar with them. Those are called chop marks. These pieces went from New Spain, that is the new world, across the Pacific Ocean uh to uh the Philippines and then beyond to mainland China often where they were traded for goods and services that would make the return journey back across the ocean across from Aapulco across the kind of the thinnest part of Mexico where it was loaded into ships and sent over to Europe or used in the United States and other colonies in the area. Uh this is another Mexico City piece. You can see the Mexico City mint mark right there.

[00:04:58]So, just another interesting piece of history. And we talked about chop marks often on this channel, but to be able to pull these pieces out and see all of these marks, these were all punched into the surface of these coins by uh Chinese bankers, Chinese merchants in the Philippines or in the mainland. And they just always make kind of an interesting conversation piece. Chinese shiny silver, always nice to have you in the house. Thank you. Very nice to be here.

[00:05:22]Uh have you here? We're just putting out some pieces of Spanish colonial silver.

[00:05:25]I put out some pieces of Mexican Republic silver when I get done kind of going through this stack here. David Chung, nice to have you in the house.

[00:05:33]1798. Where is this one from? It's from Mexico City. That's the Mexico City mintmark. We do have other pieces. I do have other pieces from other mints.

[00:05:42]Mexico City was just one of the most prominent. Uh, but there are mints all over in South America and it's nice to be able to have a nice assortment of these. We'll keep on going.

[00:05:53]What is everybody thinking about today?

[00:05:55]Dr. Ickit, nice to have you in the house. Thank you very much for being here. I see that the markets are falling a little bit. It seems like we've been on kind of a steady decline, right?

[00:06:02]We're at 4439 for gold and 7332 for silver. I don't really mind that. I I think it's about time that we started seeing the subtle the metals kind of slowly slow kind of fade down a little bit. I'm not excited about gold or silver where they were. This is a Charles the third piece. So, this was the guy that came before Charles IV. His dad, I'm sure. I'm not up on Spanish colonial uh, you know, heritage. But 1779 piece. This one is also a Mexico City piece. Uh, and this one has chop marks on it also. The guy's nose is great. Isn't that awesome?

[00:06:39]Beautiful piece. Chop marks. Uh, nice patina. A little bit of schmutz, a little bit of scummy stuff here. I dig that. I think it's kind of fun. So, we've got some really be beautiful examples of these Spanish colonial pieces.

[00:06:52]And I'll just clink it just a little bit so we get a little bit of that. Your libertad collection is awesome. Thank you, sir. Uh, I do have a couple of pretty nice libertad pieces that I pulled out. We're doing a little bit kind of before that era. The Libertad started in 1982 83. Another Charles IV piece, 1797. Is it? Yes, it's a Mexico City mint mark. I know you guys are starting to get used to that now. the the initials that you see here, the FM, that is the moneyier, the coiner, the mintmaster of these mints. And this was a position that they paid to get. It was awarded by the king, they paid to get it. And in exchange for having their name kind of associated with these pieces, they were responsible for making sure that these pieces were the weight and the purity that they were supposed to be. But I believe they also got a form of soruridge off of these. So they actually made a little bit of money off of every single one of these pieces. And it's my understanding that in some cases that guy was located in Spain. He never even made the trip across the Atlantic Ocean to uh New Spain. He had just kind of bought this title and it became something that was, you know, frozen into silver. 1797 Charles IVth piece.

[00:08:04]I love Patina. I'm going to have that on a bumper sticker. Darby's nice to have you in the house. Thank you for being here. Uh Darby's recently went through a name change on his channel, so definitely check him out if you're not familiar with him. Unfortunately, I have to sell some items next week regardless of price. Have to get the cash in the bank so I can age long enough from my bank to allow me to use my own money.

[00:08:24]Doesn't that suck? Uh there's so many weird things that we have to do in the 2020s that we never had to do in the past. And I know a lot of us kind of go along with it and shrug and say that's just the way that things are right now.

[00:08:35]But it doesn't mean that it's not a pain in the butt. 1797. This is one of the most recent pieces that I've picked up.

[00:08:41]I got this for probably I want to say a few dollars more than the the melt value. I probably paid $80 for this piece. Uh nice example though. This is uh a Mexico City mintmark. We see it right there. Uh but this one has got beautiful chops and they have that dark patina to them. There's that word again.

[00:08:59]Uh you know, sometimes these pieces are bright and shiny, evident that they've been cleaned. You guys know that I don't like clean coins, but when you see a chop mark that is that dark, you know that that has been there for literally 200 years. And I just think that that's a neat thing. This attests to the journey of these coins. Uh, this piece has a chop mark that looks a little bit like the chops that we see on Philippine pieces. I I asked a couple of people that are more knowledgeable about the kind of history of chops than I am. I can't know everything. Come on. But they said that that just is a coincidence.

[00:09:33]That's actually like a Chinese chop.

[00:09:35]Interesting. This O, you see that doubling inside the O? I don't think I've seen that on any of my other pieces. Do I doubt that this is an authentic piece? No. This is definitely an authentic piece. They made mistakes.

[00:09:48]They made uh use of doubling the mints, the dyes. Sometimes they had to reuse them. We do see repunched dyes and things like this. They were kind of crude circumstances where they were making these. Right. This was uh the colonies in the 1700s. You can't expect that they would have everything as perfect and flawless as we do now.

[00:10:09]Uh love eight realities bumper sticker.

[00:10:12]Mr. Old uh I love eight realities except cap and ray especially with chops. Grab them anytime I can. Just don't know much about them. Sorcerer stand. I like them.

[00:10:20]And we'll put out some example of the cap and ray pieces a little bit later if you're talking about the 1800s pieces, right? The the one peso pieces that came a little bit later. I want to say those are what 1919 something like that to 1930 1915 to 1930. I've got examples of them. I give those away as gifts because they're about the size and purity of a silver half-dollar. Uh United States 90% silver half-dollar, 72% silver, but I think the weight the the actual silver weight is quite similar. So those are the ones that I kind of give away as gifts. Now I used to give away ones. I used to give away liberts, but at $75 an ounce, that's not happening anymore. So, I got to kind of protect those assets, right? Uh, Silver Serpents Dovec, he says, "Thank you for being here. I have eight reality in 1800 Carlos 4th." See, 1800 is a good date, too. And I think I have a companion piece. I don't know that I've taken it out. I think I actually have here it is since we're talking about this is an 1804. I bought these two pieces on the same day, and I remember it for the dates, right? The patina on this is just beautiful. that really dark rich patina that happens over, you know, centuries, not just even years or decades. That is just such a beautiful authentic color to this piece. And it just every time I see it, you just it it makes me happy to see it. It really does. It's not a valuable coin. You know, this is maybe a hundred bucks, $130, $140 to the right person.

[00:11:44]That's not an especially valuable point coin, but the reason I like it is that 1804 date. That is interesting. The quality of the coin, too. But I picked it up on the same day that I bought this piece. And this is an 1800 that another kind of magical date. We'll be talking about that in an upcoming video. I can't wait to share with you guys. But this is another Charles the fourth piece. So there are essentially the same piece. I think they're both from the same mint.

[00:12:10]We'll take a look at it. One with an 1804 date that is special because of those 1804 silver dollars. And these were cements in the United States up until 1857. So this would have been considered a silver dollar to any person in the United States in the 1840s, 1850s, even 1860s. They would have looked at this as a silver dollar.

[00:12:32]That's essentially what it was. So to have a silver dollar from 1804 is kind of fun, right? It's not the same thing as an American silver dollar from 1804.

[00:12:42]That's a million dollar coin. But this piece 150 bucks, how do you pass something like that up? same token 1800 date that is kind of a magical date also, right? That is the turn of the century and it's got that same natural beautiful patina. Let's see if they are the same mintmark. Oh no, this one's actually a Possi mintmark and this one is a Mexico City. So we're comparing the mintmarks of those pieces. This little squiggle and we talked about that I think in the last live stream. That is an indication that this silver came from Possi. This is kind of a mythical magical mountain made up of silver. It's true. It really was. Something like 30% of the silver in the world circulating at the time came from the minds of Possi. But this little monogram here, it spells out the word possi without the vowels. That's how they made a mintmark.

[00:13:32]I think that's where the dollar symbol came from. You can see that right there in the middle of it. That looks like a dollar symbol. Now, some scholars say it's actually this column with this wrapped around it. This banner wrapped around it. says plus ultra. Uh, but this one says plus. That looks like the dollar symbol also. And we talked about that recently. Some people say that because nobody was able to read back then or they were reading different languages, they were speaking different languages, it was just a way of shorthand that a merchant unloading pieces at a dock could write that symbol on it and it would be understood that that was something that had been paid for in Spanish colonial currency. This was the most desirable currency of the time. But I like to say that it's actually the Possi mintmark that looks more like the dollar symbol to me. But when you compare these two, they are just beautiful matching bookended sets.

[00:14:25]I bought them on the same day from the same dealer. He wasn't interested in them. He didn't get as excited about them as I did. And I think I paid, you know, $ 35, $40 a piece for them when I bought them maybe 10, 12 years ago. How do you pass that up? It's really cool, isn't it? So much history.

[00:14:42]Uh the only cap rays I have are the un pesos. Yeah, those are the ones we're talking about. We'll show some example those a little bit later. Speaking of your own 12 ounce 1987 uh onwards for the 200th anniversary of the Mexican Constitution sold for only $882 at auction. Chefs, these are the ones that were made by the Mexico City Mint. Uh but is it of the anniversary of the Mexican Constitution or is it the anniversary of the United States Constitution? That would have been the uh 1787, 1789, right? I know that the Mexico City Mint made one of those great big 12 ounce pieces and on the reverse of it, if I remember correctly, it had essentially that symbol on it, that entire reverse on it. But on the obverse of it, it had the signing of the Declaration of Independence. A very strange thing to see on a Mexican piece.

[00:15:30]Mexico has already kind of closely associated itself with American history.

[00:15:35]This was clearly something that was struck for American collectors. Mexican collectors probably wouldn't care about it, but a great big 12 troy ounce solid silver piece struck by the Mexico City Mint and they came in a really nice presentation box because I had one of those and I bought it super cheap and it was a low serial number example of that and I sold it years ago and I kind of wish that I still had it now. I love the American currency connections. I do too.

[00:16:04]It's a fun thing. And unfortunately, I didn't pull my examples of the continental currency that I have that were often, not always, but often denominated in Spanish colonial silver.

[00:16:14]Right? This was the silver that everybody wanted. It wasn't just the Chinese merchants in the Philippines and in mainland China who were looking for this stuff. It was merchants all over the world. And American merchants love this stuff, too. Everybody trusted the purity. It was incredibly recognizable.

[00:16:33]And when you're thinking about colonial American currency, we were so desperate for small change in this country. We had so little of it. And the economy was exploding. We needed money. But the crown, the British crown wouldn't let us coin our own money. That's one of the things that led to the revolution. We had to use bits and pieces, odds and ends of currency. This is a fascinating field of study and I probably haven't studied it enough in my life, but there were speculators and all over Europe and especially uh Britain who would send coins to the Americas for circulation and they were largely copper coins or bronze coins or brass coins and they were pieces that had been kind of rejected everywhere else in the world.

[00:17:19]These speculators made these smaller sized pieces. Remember that a copper coin circulated at the time would have been at least the size of American modern silver quarter. So these speculators would make these pieces lighter weight, smaller diameter, thinner, and they would uh ship them to the Americas and they would get paid for essentially the value of those pieces in good silver. So they made money in this transaction, this arbitrage almost if you want to think of it that way. That's where a lot of American circulating pieces in our colonial period came from, but this was the gold standard.

[00:17:55]Everybody wanted Mexican uh Spanish silver.

[00:17:59]Uh I would have bought a four realis. I have a half real. This is one of my other favorite pieces, right? I've already said that about the 1800 1804. I love this piece. This is a Charles III piece. This is in a very high state of preservation. This is probably XF to maybe AU. Let's call it AU. Let's go with AU. This would be on the Sheldon grading scale somewhere between a 50 and a 60. Let's call this a 53. Be conservative with it. So, this is one of my highest state preserved pieces of Spanish colonial silver. This is also an earlier piece because it's a Charles III piece. We see that 1784 date down below.

[00:18:36]This piece is beautiful to me because it is so jacked up. This piece has shroth marks on it. That's what I would call this mark right here. Right? It doesn't look like the rest of these marks that have kind of a definite shape to them.

[00:18:50]These were intentionally a Chinese character. Usually when they were made, the chop marks usually represented the banker's name or something like that.

[00:18:59]That just looks like a bore hole right there. Somebody just went punch right into it to see if it's authentic. 1784.

[00:19:06]It's covered in dirt. It's crusty. It looks like it was dug out of the sand on a beach. Uh the reverse of it even better. And I asked an expert on Reddit if they thought that it was possible that this is an ink chop mark. Some merchants at least a little bit later started using uh kind of ink stamps just like a rubber stamp to stamp these pieces to say that they had seen them and they trusted them. We So we see actual chop marks driven into the surface of this coin. But we also see the remnants of this very dark here. And I think that is possibly the remnants of an ink stamp. It's interesting. My only example, I'm not even positive that it's an ink stamp, but I think it probably is. Uh so it's just this piece just has everything going for it. It's everything that you want if you like the circulated eight realis as much as I do. That's again why it's one of my favorite pieces.

[00:20:02]Uh Kilo is in the house. Good to see you. if you are still in the house.

[00:20:05]Thank you, sir, for being here. Bought my first platinum onetenth and a two and a half chung. Love both of those pieces.

[00:20:11]I think those are awesome. Uh two and a half Indian are really nice. Hopefully you bought the two and a half Indian in a third-party graater slab. Remember the two and a half Indians are the most counterfeited gold coin in American history. Every single date, every single mintmark makes an appearance on the NGC top 50 counterfeited US coins list. So, be careful with those $2 and half dollar Indians. I uh found one on the garage sale, but it has all the top of his head and she wanted 60 bucks, but it was dark in both sides. Don't know if that's a value or not. Text, you know, if we're talking about the eight realetses, I don't have a problem with it. I think that's fine. I like the idea of those um with, you know, I've got examples. We'll pull some out. I'm sure I've got examples in here somewhere that have holes in them. It wouldn't be my first pick, but if I could find one of those for essentially the silver value, if you're talking about an eight real and you're talking about a price of 60 bucks, even with a hole in it, yeah, probably if it hadn't been clean, I tend to buy any pre-1800 realis I see under 150. I think that's reasonable, sorcerer stand, come down a little bit, right?

[00:21:16]With silver having dropped from $120ish to where it is right now at $75 an ounce somewhere in that area, I would be comfortable with a $100 maybe if it was a nice example. U see if you can talk them down, right? If it's not moving, if they're having trouble selling it, hundred bucks, $110, that seems like it would be okay. How do you feel about hold coins? Generally speaking, Mr. holder. I don't do hold coins, but in the uh case of the Spanish colonial eight reales, no problem with it. Like I said, I'll pull out some examples a little bit later.

[00:21:50]Uh 132 AU58 50 bucks under melt David Chung. That's the way to do it. That's really nice. Uh 1804, especially Texmex.

[00:21:59]I like that date, right? That's a magic date. This is a later piece. Uh this is uh Ferdinand the 7th, I think. Uh, this is an 1819 piece. So, this would have been after Mexico's independence or during the war, right? And we can clearly see the Possi mint mark right there. This one has a little bit of rim filing. It looks like might have been in a piece of jewelry. It might have just been that somebody tested it on a touchstone, rubbed it on it to see if it was good silver. Uh, but this is a little bit out of form. You see that?

[00:22:32]That's not quite as round as it should be. A little bit out of round. I paid Melt for this. You know, this as a later piece and also because it's got a little bit of these this kind of wear on it.

[00:22:43]This isn't the kind of thing that I would hunt for. If I came across it, if it was a really good price, I probably wouldn't have a problem with it.

[00:22:51]And Brent, good to have you in the house. Robot Toaster, what is your opinion on enamelled coins? Robot toaster. I like that question. That's a tough one. Um, I let let me be very specific about this because I don't know exactly what it is that you're talking about. If I had an opportunity to buy a 19th century or early 20th century British piece that was nicely enameled, then I would probably go for it.

[00:23:20]um if they this was kind of a cottage industry and I think a lot of these British pieces were really beautifully enameled and we're talking about enameling that's exactly what we're talking about. This is a coin whose surface has been covered with uh different colors all for all the different devices, right? The fields might be white, the person's face might be red or blue. It's fired in a kiln the same way that pottery is made. So, it produces a very nice solid and durable finish on these pieces. Unfortunately, some pieces are not as good as others.

[00:23:52]And if those colors bleed together, if it's not an attractive use of the color, you can tell just by looking at it if it was a well done piece or if it was kind of a sloppy piece that was probably just kind of done by somebody at some point.

[00:24:07]It would have to be a really nice example and if it was a good price, I would probably pick it up. not graded.

[00:24:14]David Chung, you know, it makes me nervous, man. Uh, can't be here, but sends his regards. Oh, okay. That's fine. My goal is to buy eight raw, two and a half under melt and trade for a $20 graded. Just did the same thing with two Indians. That's fine. If if this is really ultimately what you're trying to do, transient stacker, nice to have you in the house. Uh, we're just putting out some Spanish colonial eight reales. Uh, and we've got this one, 1798. This is another Charles IV piece. Uh, I said that the last piece was or one of those pieces was one of the most recent pickups. I think I picked this one up at the same time. An interesting chop, right? This is a fun thing to see right at the tip of his nose. What a weird design. That is a little bit of an uncommon chop to me. That almost looks like it is of Southeast Asia rather than China. This is a typical Chinese mark.

[00:25:01]And you can see that that's a Chinese character. Anything on the back? Uh, we've got a couple of punch marks there.

[00:25:07]We've got a chop here. I like these examples sometimes when you can tell that these were chopped and then they were circulated because the chops kind of wear down over time. To me, that tells me that this piece made the 7,000mi voyage from Central America, South America to the Philippines to China, where they were exchanged for goods and services. They were chopped.

[00:25:31]They were punched to check the quality of the piece. And then they made the trip all the way back again. And I'd like to think that maybe they circulated in the United States, the colonies, up until the 1850s, where people would still have really wanted these silver pieces. But by circulating and wearing them down over time, it just tells another story. These pieces didn't just go to China and get chopped like we see with this example where those chops are all nice and crisp and the quality of the coin is still really high. the preservation of the coin. This piece actually made it all the way back and then circulated. It still had a life beyond being chopmarked that first time. I know sometimes you read things into these, but it's just part of the beauty of the history of these pieces.

[00:26:18]Uh British crowns enameling usually mounted as jewelry. Think some people did it as a hobby from the quality of variation. Exactly right. So you can see when like a jeweler has made a piece, they are meticulous and they are beautiful, truly a work of art, but there's something kind of charming and kind of cottage industry about some of those pieces that maybe aren't quite so nicely done. Uh, while I appreciate that, I appreciate that you're seeing somebody's handiwork and kind of doing this, maybe this was something that was done in the war era, you know, after World War II when nobody could really afford to have jewelry jewelry. So, they made use of the pieces that they had and tried to make them something kind of nice. That tells a story, too. But for me, it would probably just be a few pieces of the really well done examples.

[00:27:05]We're talking about coin enameling here.

[00:27:10]transit gifted you something from the Philippines. That's really cool. Since we're talking about the Philippines here, I'll take a grunchy real over an enameled coin any day. There's something for everyone in stacking. Definitely true, right? That's one of the fun things about it. Uh thank you everybody for joining me. If you kn you are new here, my name is Dubc. I'm glad to have you in the house. We're hearing emails come during the day. I'm a busy person.

[00:27:31]You can tell. Uh, we'll go ahead and put out some more of these Spanish colonial 8 reales, but I did want to start with some Mexican pieces here, too. Right after Mexico overthrew Spain, they continued to make the same denomination, but of course, they didn't have the king of Spain on them anymore. They started to put their own pieces. We see a chop mark right on the neck there, and you might immediately recognize that as what looks like a swastika, right? This is uh the German expression of that design does not have anything to do with them using these punches. The this design this kind of modified cross we've seen this for a thousand years. So this was a really really important symbol in Hinduism and it was actually an important symbol in Native American cultures also at least early in the 20th century. This is often called Whoops.

[00:28:19]It's often called the whirling log symbol and it was just another kind of pictograph that was included on Harvey era pieces of jewelry from the early 1900s. This piece is crusty. You can see how dark this is. You can see it's got this punch right there. There's a little bit of a hidden punch right there. I bet there's other examples that we could see if we really spent some time looking at this. A little bit of kind of scratches in the field here. I don't mind this at all. I think this is charming. I think this tells part of the story of this piece. Mexico City piece from 1797. I love to see the pieces from the 1700s more than the 1800s. But when you have a really nice example like this 1804, it's kind of cool, too. One day I'll be able to get it more into Spanish colonial.

[00:29:03]Come on. You can definitely do it, man.

[00:29:04]You're in the right region. What else we have? We've got some Spanish colonial fractional pieces, right? The one real, the four reales, but we'll keep on going with some of these eight reales. They're a lot of fun. 1791.

[00:29:17]This one is covered. Sometimes you see these pieces absolutely obliterated with chop marks. They are just completely covered with them. And I wonder if it has something to do with the the uh the merchants, the inspectors, the bankers just not trusting a piece. So, they wanted to drive their punches into it.

[00:29:36]Also, some of these pieces are just concave because they've been hit so many times. Beautiful pieces. This is another example where we see uh dark patina on these and some of these chops look like maybe they've worn away a little bit.

[00:29:49]And again, I think that probably attests to the fact that these continued to circulate in the colonies all around the world when they needed these silver pieces. This one has a really big rim ding in it. I don't mind at all. I definitely would have picked this up just when I saw it. Nice chops. This is a really pretty chop right there. some almost kind of bore holes on either side of the crown. This one has suffered some use and abuse, but it's definitely got some character to it. Right. I've got an 1885 uh Morgan from a sale for 30 bucks.

[00:30:21]Had it checked out because the weight was off and it's real. Interesting. I don't know that I I check the weights on Morgans's very often. I use my Sigma if I have any question about it and as long as it's 90% silver, I think that's fine.

[00:30:32]Would the chop marks lower the grade?

[00:30:34]Most of the thirdparty graders would details grade these. So if you were sent these to a thirdparty grader like NGC or PCGS, they would take a look at this and they would say it's probably a VG details grade. The details grade means that the coin has suffered some kind of damage. So much so that the graders can no longer give it a numeric grade, but it still has the details that a piece would have if it were, for example, a VG somewhere on that, I don't know, 8 to 12 on the Sheldon scale. So they would call this perhaps a VG details and then they would also say chopmarked. So they indicate, most of the third party graders would indicate the chop marks are present. Sometimes we want to see those chop marks. If you have a very rare high-grade coin, it can be a heartbreaker to have it with chop marks.

[00:31:28]Uh the bankers didn't care, right? The Chinese merchants didn't care in the 1750s or the 1800s. They wanted to check and see if the silver was silver. They didn't care about the scarcity, the rarity of these pieces. Interesting. We do see pieces from all around the world with chop marks. But it's definitely the Spanish colonial pieces that have most of the chops that we see. Uh, this is an example with a hole. How about that authentic tone, right? It's got that nice dark tone in the fields. You see a little bit of a lighter color across the devices, the uh face of Charles IV there, across the lettering, across the date. A little bit of a lighter color.

[00:32:07]So, this is an indication that this toning has probably occurred over 200 years. It hasn't been cleaned. It hasn't been messed with. Can you love a coin that has a great big hole all the way through it? I think it's charming, right? Again, that's part of this piece's history. Do we see the mint mark there? Everybody shout at the screen what that mint mark is. That is the Possi mintmark right there. So, this is a piece that uh doesn't have uh chops.

[00:32:34]It has what we would probably call graffiti. You see these scratches across the surface of his neck? That wasn't made by somebody cleaning the coin.

[00:32:42]Those aren't hairlines. This is somebody taking a knife and dragging it across the surface, marking it as their own.

[00:32:49]Remember that pockets didn't really become a thing until the 1900s, probably a little even later than that. A lot of garments didn't have any kind of pocket.

[00:32:59]So, what were you to do if you had what would amount to probably a week's worth of wages and you didn't have any way to store it? You might have just put a hole in it and put it on a string around your neck, right? To make sure that you didn't lose these pieces. Not always the case. Metal detectorrists find Spanish colonial pieces all the time.

[00:33:18]Interesting. Love the history of those.

[00:33:19]Right.

[00:33:21]Uh SGTP CP9QP.

[00:33:24]Good to have you in the house. I don't have a Sigma yet, David Chung. Well, we've talked about SIGAs before. If you're not familiar with the Sigma, the Sigma is a piece of electronic equipment that can test the magnetic resonance, if I remember correctly, of gold, silver, and platinum. This is an example of a Sigma. And we might go ahead and try one of these pieces to see how they appear on the Sigma. This is a pretty expensive piece of equipment. This is the older model of the Sigma. I've had this for about eight years now. And this piece cost me about $1,000 when I bought it. I use it less and less. I have become pretty confident in my um testing of pieces before I buy them. Honestly, a lot of my stack it wouldn't really be appropriate. It's fun, right? When you first get into stacking, you think, "Well, let me go ahead and try a Sigma.

[00:34:12]I'll see if I can buy it. I'll see if I can use it. We'll see how well it works.

[00:34:16]Uh, we'll go ahead and and try a piece just to see how this looks." You can see it defaults automatically to 39 fine gold. So, we move it down to silver and we start at 49 fine silver. These are early 90%. That's really the closest setting it's going to have. So we see silver 90% US pre1900.

[00:34:37]I think that's as close as we can get.

[00:34:39]The Sigma uses presets. You have to select the preset that is closest to what it is that you're going to test.

[00:34:46]It's not an XRF. With an XRF, you simply aim it and pull the trigger on an XRF and it tells you what these pieces are made of. That's not the way the Sigma works. And I think a lot of people get that confused. With a Sigma, you have to tell it what you think you have and then you test a piece and we'll see how well it works out. So, I've put the the coin right on the the green bullseye that you saw there. And if you can see it here, there are two brackets and it's this bracket here and this bracket here. And we want to see this black cursor as close to the middle as possible. That's an indication that this is 90% silver.

[00:35:28]The eight reales were supposed to be, I think, 89.5% silver, something like that. So, this is close enough that it still comes out okay. This piece a little bit more questionable. You can see that this one is a little bit covered in dark material and it's really well worn. So, it's a little bit closer to the end of the brackets, but it's still within the brackets. So, the Sigma is telling us in all likelihood this is still a good quality piece.

[00:35:53]This one's a little bit offc center, but still well within the brackets. Let's see if we can dig out. This is the oldest example I have. I think that's that 1784.

[00:36:03]Still within the brackets, right? That piece is perfectly fine. So, when you've got a piece that's questionable, it will appear outside the brackets. And sometimes you have a piece that doesn't even appear on the screen. You've got a little arrow pointing off to the side.

[00:36:16]That's when you know you've got something that's really questionable.

[00:36:19]But unless you know how that piece is supposed to appear on the sigma, then you don't know for sure how to use the sigma and that's where it loses some of its value.

[00:36:31]If chop marks increase of coins, is there any way to tell old ones from done ones done yesterday? Robot toaster robot toaster. That is a fantastic question.

[00:36:41]When I was coming up in the 1970s and 1980s, nobody wanted chop marks. It was a damaged coin. But I think the interest in the chop marks has definitely increased. If you're just joining us, the chop marks are these uh marks that are punched into the surface of the coin by Chinese merchants as these pieces were part of the Manila Manila gallion trade that went from the New World that would have been Mexico essentially across the Pacific Ocean to the Philippines and to China beyond. Uh the chop marks have become really interesting and we do see pieces that have modern counterfeit chop marks on them. I don't think any of the third party graders have started to try to attest as to whether or not the chop marks are new or old. They just simply say chopmarked. So is it possible that you want to hunt for these pieces in very old slabs that are chopmarked? I don't know when the era of modern counterfeit chop markings started appearing. I want to say it was probably in the late 1980s. And if I remember, it had something to do with one dealer in particular who made a series of chops that were kind of really cool looking.

[00:37:57]And he started punching those into the eight reales that weren't moving very quickly and those took off like wildfire. So he just simply started chopping everything. So, it's we kind of know that dealer's chop marks. We can kind of tell if those chop marks are authentic because they're they're essentially almost too good to be true.

[00:38:19]They are too clear. They are too cool looking. They are exactly the kind of chop that you would want to see. And I think we kind of know we the numismatic community kind of recognizes his chops that he used. Uh but yeah, I mean it's it's a problem. I have pieces from the uh 20th century that have chop marks on them that I was glad to get slabbed with the word chop marks because it shows that those are older pieces, newer pieces rather. Uh not new in the terms of modern counterfeits, but like the latest. I I was fascinated for a while trying to find the very last piece that was ever made in and around Asia that would have been chopmarked. And I think we've got examples. I've got an example of the uh junk dollars and this one would have dated from the 1940s probably with what appears to be authentic chop marks in it. So about the end of World War I is when we stopped seeing so many chops being used, but we still cons continue to see them up until probably the 1930s. Uh you can Google, you can eBay, look for the most recent piece and see uh the chop marks on it. they they stop looking like pieces like this. It's just one or two kind of vague chops and they might not even have the same meaning to them. I started to show this piece. This is a Portuguese piece, right? The entire country of Portugal moved to Brazil during the colonial period because they essentially got chased out of Portugal. So the entire kingdom became the kingdom of Portugal in Brazil. And this is a really nice example of an 1810 960 ri or reyes. That is what Portugal's big silver coin was.

[00:40:04]But this was actually struck over an eight realale. Uh the eight realises were so ubiquitous. There were so many of them that it was simply cheaper for a lot of countries to take the Spanish colonial realies and strike right over them their design of their country because it meant that they didn't have to go through the process of mining, refining, making the planets. They just simply took an eight real and punched a design right over it. So there are uh really really ghostly uh kind of leftover pieces of writing. If you have this piece tilted in the right light, you can see some of the host coin.

[00:40:39]That's what we would call the eight real piece here. My only example. And of course, it also has a hole in it. Bought it from a dealer years ago. It was in his junk bin. I was like, "How can you be selling a coin from 1810 for its silver value?" And he shrugged and was like, "Happy to get rid of it. What could you do?" Right?

[00:40:59]I want to try to get a chop marked eight re uh eight graded. David Chung, I've told the story before that I had a an American trade dollar that had a beautiful chop mark on it and I sent it to P PCGS and I want to say they graded it MS63 uh straight graded with a great big obvious chop mark in the middle of it. I think they have pulled back on doing that. That causes so many questions, right? How can you have obvious postmint damage on an uncirculated American coin and still straight grade it? PCGS's logic was that that's what the chop marks were. These pieces were made the uh American trade dollars were made to be shipped overseas to the colony or to uh China and that's where the chops occurred. We've talked before about the um Elcazador and while I don't know for certain that this is an Elcazador piece, it has all of the um you know the the the marks that you would want to see literally that this is an Elcazador piece. First off, it's way too shiny.

[00:42:04]That's not what one of these should look like. Second off, it's got the kind of Elcazador shipwreck effect pitting. You see that this has been worn away in this area here. It's almost got this little ledge that drops off on either side of it. That's really indicative of an Elcazador piece. And then it's got the the most convincing piece of information that's at 1783 date. Not every single Elcazador piece was dated 1783, but like 98% of them were. So Elcazador was a Spanish ship that was sent to New Orleans. That's essentially where it was going. and it was lost off the coast of New Orleans and it was completely laden with these brand new eight reales. And historians say that it's very possible that Spain wouldn't have lost at least the Florida uh colony if they had actually gotten the Elcazador and had the money to continue to fight against everybody they were fighting which included the Americans at the time. So 1783 piece that looks like it's got shipwrecked effect. This is almost certainly an Elcazador piece. Elcazador pieces pretty excited. A lot of people in the community have examples. For a long time, they were unloved also. Who wants a beat up, crusty uh shipwreck effect um Spanish colonial, but they are cool, right? There's something very interesting about those. I said we put out some Mexican Republic pieces, so I've kind of made a little bit of room here. I know. Don't ever do that. Don't just shove your coins into a big pile.

[00:43:37]Uh these pieces all came out of uh nonPVC flips. These are safe flips. Uh you guys know that I'm a big fan of the safe flip. Might have some interesting information about safe flips coming up soon. Fingers crossed about that. You guys will definitely be the first to know if that's the case. Uh let me see if I got some Spanish colonial Spanish colonial some Mexican Republic pieces.

[00:43:57]Right.

[00:44:00]After Mexico defeated Spain in the Mexican revolution, they continued to put out the denomination of an atriale because it was you ubiquitous, right?

[00:44:10]That's what they were known for. And Mexico continued to want to have trade with China also. So we often see these uh cap ray or uh you know, whatever you want to call these eight realities, the first republic Mexican pieces. This is an eight reality. We see the 8R right there. This is an 1885 dated Zacus piece. Uh, and it's just a a nice example. This is a really nice solid example. This is probably an XF condition. It doesn't look like it's been messed with, but they are essentially the same weight, purity, and size as the Spanish colonial pieces because Mexico needed to continue to have that very valuable trade with what they would have called the Orient at the time. We don't really use that term anymore. I think Asia is probably close enough. And frankly, you should know what country these were circulating in.

[00:44:56]Sometimes it's a little bit difficult for us to tell, right?

[00:45:00]Uh, serpent. Oh, we're talking about other people. Thank you for joining me.

[00:45:04]If you are new here, my name is Dubc. I want to thank you for joining me. We're talking about Spanish colonial pieces.

[00:45:10]We're talking about early Mexican pieces. We've got some really nice examples of these uh kind of early Mexican silver pieces. Uh, some higher grade examples. I haven't shown these recently. So you can see that this is probably an AU, maybe even an uncirculated example. I try to be as conservative as I can with my grading.

[00:45:30]This piece has some beautiful luster to it. It's a beautiful example of one of these early Mexican pieces. This is dated 17 uh 1892 rather. This is also a Zacus piece. We know that from the Zacus mint mark right there. Zakatus, if I remember correctly, is kind of centrally located. Let's go ahead and put some of these nicer pieces off to the side.

[00:45:53]good information on this channel. I'm so glad to finally be able to watch live.

[00:45:56]Melissa, my channel, nice to have you here. Thank you for joining me. Oxy, good to have you in the house. Also, an 1894 piece. This is from Guanowato.

[00:46:04]That's what that go mintmark means next to the 8 R. So, another nicer example. I try to keep my nicer examples of pieces in the 2 by twos, the nonPVC 2 by twos.

[00:46:15]They go into one of these red cardboard holders here. Uh, and that's the way I like to keep them. Some people like to use coin capsules. I find coin capsules to be a little bit expensive, a little bit cumbersome. I know I just shifted a whole bunch of my silver art bars into capsules. I think that's a different story, but again, that the last chapter on that story hasn't been told yet, and I'm definitely looking forward to sharing that with you. Beautiful example. This is just a really, really pleasing example. Some of these have been cleaned, right? They're missing that cartwheel luster. But if it was cleaned, it was very lightly cleaned and it was lightly cleaned 50, 60, 70 years ago. I think it's a really good example.

[00:46:52]Shows what these pieces would look like when they weren't messed with too badly.

[00:46:57]And unfortunately, a lot of those early pieces were again we do see examples of these pieces with chops on them. That's not that I don't have a single example of one of these Mexican Republic reales that has chops on it.

[00:47:12]This one, uh, I'm not sure why I've got this one set aside. 1877. It might be that it's a slightly better date. This one is really weakly struck. That's not where in the middle of that eagle's breast. That is just this punch. This die was not a very good quality die. And we see that sometimes on these pieces.

[00:47:32]You can see this is supposed to say libertade right here across the frigian cap. That's what this device is. But it was very weakly struck in the first place. So, while this did see a little bit of wear, most of that damage, if you want to call it, that is from um the weak dyes that were used to strike that piece.

[00:47:52]Shuffling through trying to find if I've got one. I think I might.

[00:47:58]I've got so many pieces back here that are related but are not exactly what it is that I'm after. So, that's why it's taking me a little bit of time. I've showed this piece recently, too. And what makes this interesting is this is a much later piece. Obviously the same design, right? It's that frigian cap.

[00:48:13]This one definitely does have cartwheel luster. This one is a peso. This one is dated 1898, but we know that that's not really the date on it, right? This is from 1949, if I remember correctly. This was one of those pieces that was made for Mexico, made by Mexico to ship to China as the Chinese uh forces were battling Mount Sang and the communists.

[00:48:35]They needed silver. So they contacted the United States and said, "Can you send us a whole bunch of silver Mexican pieces?" The United States Mint went to Mexico and said, "Hey, can you make a whole bunch of silver Mexican coins to send to China?" And they made a whole bunch of them. And then China essentially lost the war. So Mexico was left with a whole bunch of these 1898 dated 1940s silver pesos that they didn't know what to do with. So they just essentially sold them to the public. Uh, and it became just a way to own silver. So that's why this is in such a nice state of preservation, not because it was made in the 1890s, but because it was only made 75 years ago.

[00:49:12]How's that for weird? What a weird story that is, right? The United States of America also struck a whole bunch of those Mexican pesos uh for use in China.

[00:49:24]But uh China essentially lost the war with the communists and America melted all of their examples down. None of those actually got shipped off.

[00:49:34]uh how would that kind of weak strike grade robot toaster? In my experience, the strike of a piece like that will have an impact, but the third party graders would also probably see it as struck. So, they may down down downgrade it a little bit. Higherend examples, if we're talking about mintstate examples, definitely suffer from being downgraded for having a weak strike, but a circulated example like that probably wouldn't change the grade very much. At least that's been my my experience.

[00:50:03]From what I read, the Mexican 8 that were minting in Zacotchus are more likely to have chop marks. I wouldn't surprise me at all. You know, it's probably uh, you know, a system of merchants who were looking for these pieces. They probably contracted with whatever mint and it could very well be that the pieces that were authentic that were made by the Mexico City Mint were circulating in Mexico. Mexico was an established country big time by the 1890s. They were a legitimate country that needed their own coins. So, it's not surprising. This is an eight escoo piece. This is the gold coin. Guys are making me lose my voice already. I do have copies since we're in the middle of the day.

[00:50:45]Stop and get a quick zip. So, I love to compare and contrast these pieces.

[00:50:49]That's the gold Mexican coin versus the silver Mexican coin. Just make a lovely pair, don't they? The Mexican Republic 8 escudo is not quite an ounce of gold.

[00:51:00]It's kind of the same thing as a $20 gold piece. A little bit lower in uh weight, but a little bit higher in purity. If I remember correctly, this piece dates from 1852.

[00:51:11]And we see rather than the 8R that we saw on the eight reality, we see the 8E.

[00:51:16]That's Ada Scudo. And this is like the hand of liberty writing the rules of law in a book here with the friian cap on a pole. We often see the friian cap on a pole in American coinage. Believe it or not, when you're looking at American coin and you see Liberty with it looks like her hat flying off the back of her head, it's actually supposed to be on a pole that she's carrying over her shoulder. That is a symbol of freedom.

[00:51:41]That's a symbol of a freed slave. So, while this piece doesn't say 8R on it like that example does, 8 R for eight reales. It says 8E for eight scudos. And I know I mentioned it not too long ago on my channel that this and I never even noticed this before. Always be learning, right? Uh this one actually says 21 Q.

[00:52:03]That Q is the Spanish word for carrot.

[00:52:07]So this actually says on it that is 21 karat gold. Kind of fun, right? That's that's so cool that the Mexican pieces of this era actually tell you on them what the gold and what the silver value is.

[00:52:20]Uh Captain Ray motif is really cool.

[00:52:22]We've got a better example that was uh probably cleaned at some point in the past. It doesn't bother me. This is just worth its gold value. Happy to have it.

[00:52:31]I paid its gold value when I bought it.

[00:52:32]This piece is an even better example.

[00:52:34]This piece is probably I need to have it graded. I know I said that last time. I dragged this piece out. You can see the devices a little bit better here. You can actually see that the book says lei in it. We see lay all the time on the 20th century Mexican uh silver pieces, right? They use that word lei before the word the numbers indicating what the purity of the silver is. Lay 720 lei 900. Legally, by law, uh by statute, these pieces are guaranteed essentially to be the purity that they're supposed to be. Were they always? Well, not in the 1700s, no. But in the 1800s, probably pretty close. So, this is a 1859 piece. I think that's what that says. I don't think it's 1852. Uh this one also an eight uh eight escutoo made in Zacotcus and it's got the 21K on it.

[00:53:24]This piece is just beautiful. It's it's so much nicer than what you're seeing here. Uh but you can see this one still has some beautiful cartwheel on it too.

[00:53:32]Some beautiful luster. This one is probably um 60 61 maybe on the Sheldon grading scale. No distracting marks anywhere in the field. I need to get this one graded. I need to just bite the bullet and have this one graded. It's such a beautiful piece.

[00:53:49]Lovely to have matching gold and silver pieces, right? Uh if you are new here, my name is Dubcy. I want to thank you for spending some time with me. We are doing a worldwide Wednesday. This is a live stream that takes place of the day on Wednesday afternoon. The reason I do that is because I love talking about precious metals and rare coins, but also because I typically have brand new videos that premiere on Friday evenings around 8:00 Central time. And immediately after those premiier videos, those brand new videos, we go live with what you're watching here. This is a live stream. I'm actually interacting with everybody who's speaking in the conversations off to the side of the screen here. So, if you have not yet joined the channel, if you have not yet subscribed, love to have you be a member of this community. We have a lot of fun.

[00:54:33]We talk about really cool stuff. Uh, in this case, we're talking about a great big pile of Spanish colonial eight reales, a little bit of the Mexican Republic pieces that came immediately after. We've got some nice examples of gold as well. And I've had pictures of this one recently because I love the tone on this one. This is my only uh slabbed Adoscudo piece. Uh this one is Guanowato piece. We see that GO mint mark right there. So 8 escudo guanowato 1849. We have the coiners or the moneyers's initials there. And then we see that 21 karat gold here also. You can really see how boldly struck the lay is on this book of law, the hand of liberty or justice is writing here in this case, but this one also has just really cool schmutzy dark red tone all over it. I really like that we don't see anybody uh talking in the uh community in the chat.

[00:55:28]If you are bored, I appreciate that too.

[00:55:30]I get bored of my own voice sometimes, but sometimes I'm afraid that we've also lost the live stream. So, if you are listening right now, thank you, David Chung. I do appreciate it. Sometimes, man, nobody's talking. I wonder if we've actually just gone completely blank here. Uh, I appreciate that. I would love to have the 1989 quarter ounce platinum libertad. Only 3500 minted. I love uh really small mintage modern pieces. I just don't really have very many of them. This is just a neat piece, right? This is also an older slab. We know that this is not the newest generation of NGC slab by any stretch.

[00:56:03]Picked this one up at an auction. didn't pay very much for it and now it's already worth probably twice what I paid for it just in its gold content. Nice to have an example that has been graded so you can see what these are supposed to look like. But also because this one has got such distinctive gross nasty red tone to it, that crusty red. Probably a function of the copper that these were alloyed with. But when you have interesting toning, and I do think that's interesting, it's nice to have the piece authenticated by a third party grader because that means that they have seen the piece and they think that the toning is also original. They don't think that it is an artificially toned piece and I think that adds interest. It adds value and that's what attracted me to that piece in the first place.

[00:56:50]Uh damn near PL, right? Prooflike.

[00:56:52]Bryant, you're not wrong. The problem is is that a function of it haven't been cleaned because sometimes clean coins also take on that appearance of being prooflike. So, it's a good question. I think it's probably okay. U but I'm like I said, I try to be conservative with my grading. So, if this is a 58, if it's a 60, I'd be fine with that. I don't think for a minute that it's a 63 or a 64.

[00:57:15]Love to see that, but I don't think that's really the case. Still here going through my world coins. Like to hear it.

[00:57:20]Uh, we've got one or two more examples of pieces that I'll pull out because we're coming up on about an hour and my voice tends to give out after about an hour of doing a live stream and time to talk trying to talk as quickly as I can.

[00:57:34]Uh, thank you, uh, Tony Beg. Nice to have you in the house as always. Uh, just because we were talking about libertads earlier and I, you know, I've got a strong affinity to the Libertad.

[00:57:43]The Libertad is Mexico's modern silver bullion coin, kind of like the American silver eagle. And I've talked about this piece uh recently, but it's always fun to have this. And since I was uh getting the same box out of the vault that had these Mexican pieces and Spanish colonial pieces, I just wanted to pull this example out again just because it's one of my favorite coins. People ask me if this is part of my box of 20. It's not. And I've toyed with the idea of including it in that box of 20.

[00:58:12]This is the 1983 Mexico Proof 69D cam.

[00:58:16]Right. If you're new to the idea of coins and coin grading, this is a proof coin. This is a very special example of a coin that was made just for collectors. We call those proofs. It doesn't matter how well preserved an uncirculated coin is. It can never be a proof coin because proof isn't a grade.

[00:58:36]It's literally a manufacturing method.

[00:58:38]You can have a proof coin that is very well worn down and it's still a proof coin. Or you can have a beautifully preserved business strike, a circulation example of a coin, but it will never be a proof because it was never made as a proof. It's a different manufacturing process. So this is an example of the very first year really that New Mexico released a proof. There are a couple of examples of 82 proof libertats, but they are really kind of like held by the Mexico City Mint. They're not really made for circulation, or rather made for collectors even. So, this is a 1983 and it's an example of only one of about 900 examples that were made. This was the first year that the uh proofs were really released and Mexico just didn't know how popular they were going to be.

[00:59:25]So, because of that, they didn't make very many of them. This one has been graded by professional coin grading service. That's the PCGS that we see there. It's been graded as a proof. It's obviously a proof. You can see how reflective and mirror like the fields are. That's an indication that this is a proof coin. It's been graded as a 69.

[00:59:44]Proofs are graded on the same Sheldon scale that co that circulation strikes are graded. So, it's a scale of 1 to 70.

[00:59:50]This is a 69 and it's a deep cameo.

[00:59:54]That's what that designation means. And that means that you can see this reflections. You're watching the reflection of my finger and the pointer all the way back. As I go six, seven inches away, 8 inches away. You're still seeing the reflection of this coin. The deeper the reflection, the deeper the cameo. At least that used to be the way that old school dealers would talk about cameo. This one is definitely deserves the deep cameo designation. Not every proof is a deep cameo. Sometimes they're cameo. Sometimes it's not even really a cameo. And there are different types of proof also. This is a mirror-l like proof. There are matte finish proof.

[01:00:31]There are kind of specimen finish proofs. Also, this one is the traditional proof that we think of that I think of when I think of a a proof coin. It's kind of this black and white cameo. But this is one of only a few examples that have ever been graded by PCGS as a proof 69 deep cameo of a population of only 900 pieces in the first place. So when I bought this piece, I paid like 1,500 bucks for it.

[01:00:55]Just got really lucky for it. Wasn't even really looking for it. Uh these went up to about $15,000 in value over the last couple three years and they've dropped back down again. I think the last time I was paying attention to it and looked up, there was an example that sold for5 or $6,000, maybe $7,000. So, these have become a little bit more um the the population of these have grown a little bit. More and more people have submitted their examples that they bought in a proof set because these came in a proof set just like an American proof set. Six or eight coins that were all made in this year, all in proof finish. Everybody has broken their coins out of those hoping to get one of these that grades a proof 69 or maybe even the elusive 70 because it's my know uh my understanding that a 70 has never been graded by either of the grading services that would be PCGS or NGC. So the price of these have fallen a little bit but we had that conversation not too long ago.

[01:01:52]Uh some people think that the dyes that were used to strike the early proofs were actually just a regular circulation strike dye that was meticulously handpolished to give it this really beautiful mint finish when it strikes the coin. So it was just a regular circulation strike. This was not a specially prepared piece. And because of that, in some examples, you can't see the feathers under the winged victories arm right there. You see what I'm pointing to? In some examples of that, this has been polished away. So, it leads the question, it begs the question, is the example that has the feathers visible under Liberty's wing the earlier example, or was that added by carving into the die at a later date?

[01:02:40]If you pull these up on eBay, you can see examples of them that are maybe not graded as 69, but you can see some where those feathers are not present. And it looks a little weird. you see it without the feathers and your your instinct is wow that's kind of bizarre. Does her wing just disappear there? But uh pull it a little bit closer. You can see just a little bit of that feather beneath her or wing rather beneath her arm there. So there are two different types and I think that NGC and PCGS are on the verge of actually classifying these as a legitimate uh variation of variety of the 1983 um silver proof Libertad. And my example is a 69, but this was graded many years ago before they had reached that conclusion. I'm not even sure that people were paying that close of attention. It's probably a five or six thousand coin now. It doesn't really match the rest of these pieces, but like I said, it was in the same box that the rest of these pieces were in, and that's why I like it so much. Uh, Heritage had an 86 proof lip. Yeah, they're not that uncommon. the 86s. I've got a couple of examples, but I think those are the only other examples that I have. Literally two examples of them, but I've never had them graded. They're beautiful. I like them quite a bit.

[01:03:52]Uh, such a lovely coin, Melissa, my channel.

[01:03:56]Thank you. Appreciate it. 80 and 81 S Morgans are known to be nicely struck coins with great luster. Is there an equivalent Mexico mint in year that produced great eye appeal coins? Uh, Bryant, I'm not a specialist when it comes to Mexican pieces. I am really I see these as and I know it sounds arrogant to say that this is part of my silver stack. So yeah, everybody wishes that they could stack Spanish colonial pieces, right? I was buying these a long time ago when they weren't that expensive. And because they're harder to find now, I think my stack of the Mexican eight rep uh eight realis from the Mexican Republic have definitely grown since then. Still looking for these pieces. I'll buy these when I can find them, but they're definitely selling at a premium now. But I'm not really a a scholar of Mexican pieces, especially Mexican 20th century pieces.

[01:04:41]Mexico seemed to really understand to understand how to make a black and white cameo proof. The Eisenhower dollars from the middle of the 1970s, and I'm thinking of the 1976, the bsentennial Eisenhower, America really seemed to get how to make that stunning cameo. black and white contrast. If you have a really nice example of a 1975 and 1976 Eisenhower silver dollar uh proof, sometimes those are just mind-bogglingly deep cameo black and white. They are stunners to see in hand. I think Mexico really perfected their proofs in the 1980s. The example that we saw earlier is amazing. This is a really, really brilliant black and white cameo when you see it in hand. I've taken some pretty good pictures. Uh, and I'll try to post those if I get an opportunity. So, I would say that it's the proof coins from the 1980s that really are stunning when you see them. Uh, West Texas just mentioned the 1986 proof Libertad. An inexpensive variety. You can still find those. They came in a nice little velvet clamshell case. The last a couple example picked up I paid $40 or $50 for, $30 for. Nice ones, right? Really nice ones.

[01:05:59]Weird that one wing is bigger than the other. It's just perspective. I think you're right though. Uh RJGEXQ, we are just wrapping up. It's 11:37. Uh new sports and weather on the way up after the break. You're listening to Dubc on WGLD. I'm your precious metals DJ. Uh we will be going live after this Friday's video. Haven't really decided which video it's going to be. I think I've got a pretty good idea, but I'm kind of having to shuffle videos around because I do have an important a very significant video coming up very soon.

[01:06:29]And it's kind of a time-sensitive piece.

[01:06:32]So, I'm trying to kind of evaluate in my mind when I want that video to premiere.

[01:06:37]And I think I've got it down, which means I think I know what this Friday's video is going to be. It's going to be great regardless, right? You guys know this. But after the premiere video on Friday, we'll be going live for a live stream just like this one, too. Uh, proofs and dcam iikes. Yes, they are definitely beautiful pieces. We are going to wrap it up. Thank you everybody who's joined me for this worldwide Wednesday. love to take a little bit of piece of my time out of the middle of the week when I could talk about things with you guys like precious metals, gold, and silver. I know the markets have been a little bit crazy recently.

[01:07:08]We saw some pretty dramatic drops in the spot price of gold over the last couple days. It looks like we're continuing down on a downward trend. I'm not overly concerned about it. If you got in heavy on this market six or eight months ago, this is a little bit disconcerting. If you are holding for a long time, it starts to lose some of that drama. And I'm not big on drama. In fact, I kind of hate it. So, for these pieces, this is, you know, we're not we're talking years or decades that I really want to have a really nice stack because it helps offset some of the fluctuations in the market outside of the precious metals field. And that's ultimately one of the best reasons, I think, to have precious metals. It takes a lot of those chips off the table. they aren't so susceptible to the whims of the market or the leaders of the world where things can crash in a day. Silver and gold tend to be relatively stable over time, there's very little chance that gold is going to lose all of its value overnight. And for a cryptocurrency, for a share of stock, you always have that in the back of your mind that that is something that can happen. That said, I do like having other asset classes because I do like the idea of those things growing through uh equitable trades, through buybacks, through dividends, through interest. And I've talked about that in a recent video where I said why I don't really see gold and silver as traditional uh investments. But I do think that they are a very very important corn cornerstone of your wealth. And that's why I have these pieces. Maybe not pay so much attention to these dramatic drops. Remember that we're still averaging a lot higher than we've ever been with precious metals. And if you've had gold and silver for a couple three years now, you're probably still doing okay. Remember everybody that uh we will be going live on Friday of this week. I look forward to seeing everybody back here. If I have an opportunity to join my fellow YouTubers in their streams, I will certainly follow up with that. But I will meet you back here at 8:00 p.m.

[01:09:10]sharp central time on Friday of this week. Thanks everybody. Thank you for being with me. Stay safe out there.