by Neil Sharkey
First, let me say that the market for SS Central America Gold Ingots is the single most exciting phenomenon I have ever studied. As I review the recent sale prices realized for these rarities, I fully believe with a tremendous amount of enthusiasm that we have only just begun.
If recent auction records for Gold Ingots are an indicator of the trend, we should be in for a long-term, steady, uphill climb in values. Add to that fact the current experts’ opinions of the gold bullion market and where they believe it’s going, and today’s price levels could explode upward in a violent surge of market activity which could cause dealers, collectors and investors to frantically try to buy what little market share is available.
You see, what most people don’t realize is that every single one of the SS Central America Gold Ingots has established a primary market value, with most ingots in the very strong hands of both investors and collectors of rare and historical artifacts. In other words, these ingots have sold out. This is a very important fact, because most dealers still think there is a bank vault somewhere with dozens of these rare ingots sitting on a shelf. The fact is they are all gone, and any ingots available from this point forward would be secondary market transactions.
Many dealers have had a “wait and see” attitude when it comes to SS Central America Gold Ingots. Little do they know that the 532 SS Central America Gold Ingots are now owned by the market’s elite, and not all are rare coin collectors. As I follow the market activity and look for the few public transactions that can give me a barometer to gauge our clients SS Central America ingot values, I have been exposed to many other types of gold ingots that have set records on the auction blocks.
For example, an “Anonymous Assayer 1849 Ten Dollar Gold Ingot” weighing in at half an ounce brought an amazing $17, 825 at the San Francisco ANA! That’s $35,650 an ounce of gold, and there are some industry experts who believe this “ingot” is not even legitimate. That sure makes the 5oz. to 10oz. Kellogg & Humbert ingots from the SS Central America treasure look like bargains at $60,000 each, doesn’t it?
A 1951 New York Assay Office Gold Ingot weighing 28.70oz. recently auctioned for a staggering $34,500. That’s $1,202 per ounce! Considering that the average per-ounce price paid for Kellogg & Humbert ingots weighing 90 oz. to 125 oz. is $1,222, please tell me which ingot you’d rather own?
One of the most impressive public sales of late is that of the 1933 New York Assay Office Gold Ingot. This bar weighs in at 20.21 oz. and recently brought $57,250 at auction. Yes, this ingot is stamped with the historically significant date of 1933; however, it is exactly like every other New York Assay Office Gold Ingot and, until recently, has been considered nothing more than bullion to the dealer market. At $2,764 an ounce, this item has now been catapulted to the rank of “Numismatic”…and that tells me to buy every Mold-3 (35 oz. to 75 oz.) Kellogg & Humbert ingot for under $3,000 an ounce that I can get my hands on.
It’s clear to me that the Rare Coin Insider’s Red Alert Buy Signal on SS Central America Ingots is playing out like a well-written script.
At the time of this writing we currently have no ingots of any kind in our vaults. But I am assured that we will buy anything within reason at current levels. And, as we continue to be very aggressive in acquiring inventory of SS Central America Ingots, we recommend you do the same!
If you have an interest in acquiring one of these very impressive California Gold Rush artifacts, then now is the time to act. Contact your Monaco Account Representative and ask to be a part of Monetary Ingot Program today, and to add your name to the waiting list.