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September 2026 - Week 2 Edition

 

Why The 1915 Quarter Eagle Gold Coin Is My Pick

My recommended “Coin of the Week” is the gold 1915 quarter eagle ($2 ½) graded in MS63, MS64 and MS65 by the Top 3 leading grading services: CAC, NGC and PCGS. Yes, we have them in stock.

The National Numismatic Collection, housed at the Smithsonian’s National Museum of American History, contains a 1915 quarter eagle gold coin but it is graded MS64. So you now have the rare opportunity to buy one of these coins in equal or better condition than the one in our country’s National Numismatic Collection.

A gold 1915 $2 ½, available in all three grades listed above, is a much better buy than most coins in the series when you consider population, price and popularity along with our “secret sauce” capitalization formula. These coins have also performed well on the collectors’ market, increasing in value substantially over the past six years … and the best part is that they are still trading at a fraction of the price of their all-time highs!.

The gold 1915 quarter eagle is also the coin made before a 10-year-gap, where the U.S. Mint didn’t resume making common gold quarter eagles until 1925, which only lasted to 1929. Some collectors only collect the scarcer issues from 1908 through 1915, creating extra demand for the 1915.

We Had a Successful World’s Fair of Money

Team Mike, which consists of myself, Stacey Stegall and Trent Roberts, had an exceptional 2026 Pittsburgh World’s Fair of Money Convention in August. We all attended the National Coin and Bullion Association dinner (NCBA) together with other numismatic leaders. I currently serve on the executive board of this important 40-plus-year-old industry-leading organization. Again this year, the NCBA has been instrumental in securing sales tax exceptions for coins and precious metals in over 40 states.

Trent and Stacey worked with leading dealers in attendance to acquire numerous rarities for our clients. Trent, Jerry Jordan, our senior marketing consultant and award-winning editor, and I had dinner with the new U.S. Mint Director Paul Hollis, former Congressman Jimmy Hayes, who serves as the NCBA’s lobbyist, and CAC’s chief coin grader Ron Drzewucki. We discussed several important topics and issues facing the coin and bullion market, while Trent, Stacey and I also spent considerable time meeting with leaders of Numismatic Guaranty Corporation (NGC).

At the show, the U.S. Mint released its new circulating Constitution quarters, President Trump golden dollars and the much-anticipated new gold 1804 dollar.

All three releases attracted long lines at their booth.

The U.S. Mint has created an incredible treasure hunt by placing a July 4th privy mark on 250,000 of the new Trump golden commemorative dollars. The mark sits at 9 o’clock on the obverse of the new circulating dollar celebrating America’s 250th birthday.

These coins are already bringing a substantial premium in the market. We will have some available in a few weeks, graded by a leading grading service.

We also learned from several industry sources at the show that a new 24k gold $250 coin was in the works and would feature President Donald J. Trump’s likeness on the obverse. That proved true, as the U.S. Mint is now listing Item Number: 26SQG on its website. To be struck at the West Point Mint, the new non-circulating legal tender .9999 gold coin celebrates America’s Semiquincentennial and will be struck in proof condition.

But wait, there’s more, because the new $250 gold coin isn’t the only new coin news we heard at the show. We also heard there is support amongst congressional leaders to strike a $2.50 gold coin in 2027 that would essentially be a tribute to the original $2.50 gold coins that were last struck in 1929.

I say all this to let you know that we are regularly in touch with the leading movers and shakers in the industry to help provide you with informed guidance and options.

Our years in the Numismatic Literary Guild (NLG) have honored us with numerous awards for our educational and news content in the industry. This year, we received two major awards at the annual luncheon, which was held at the Westin Hotel. The event went well and was led by our own Jerry Jordan, who is in his second year as NLG’s executive director.

Through the years, I have won over 70 awards for my books, columns and educational material but this was the first time that I received the prestigious Best Investment Newsletter for my Metals Market Reports in 2025 – the very column you are reading. In addition, Jerry received the Best Numismatic Spot News, Marketplace or Analysis award for his in-depth article on the unveiling of the Texas Innovation Dollar. Neither of us had ever won these two awards before.

For all my awards, I also want to thank my researcher and co-writer, Gary Alexander, who has worked tirelessly with me on almost all of my writing for over 40 years. He is a dear friend and colleague who also deserves credit for our shared efforts in covering the numismatic topics that have led to many of my awards.

August Month-End Market Summary (and 2026 to Date)

Precious Metals enjoyed a strong Renaissance in August, although they tailed off toward the end of the month. Still, we saw 15% August gains in silver and about +9% in gold and platinum. The stock market also rose, but at a slower pace, between 1% (Dow and Russell) to +4% (Nasdaq). Year-to-date, the major stock indexes are all above 10% annual gains, while only gold has managed a slim 2026 gain.

In late July, gold was fighting to stay above $4,000 but we asked here: “Will gold ever go below $4,000 again?” Our answer was a strong “no,” based on rising central bank purchases and demand in Asia.

Since that column appeared, gold has risen from just over $4,000 per ounce to over $4,600 per ounce (+15%) and then retreated slightly for profit-taking. In the previous decade, gold prices quintupled, from $1,075 in late 2015 to $5,400 in early 2026 – and now, gold has begun a huge new surge, probably because it now appears this “short incursion” into Iran could turn into another long-term quagmire.

Gold made its biggest historical moves after the launch of wars in Afghanistan: (1) After Russia invaded Afghanistan on December 27, 1979, gold shot up from under $500 to over $800 per ounce in one month; (2) After America invaded Afghanistan in 2001, gold rose from $265 to over $1,900 in the next decade.

This does not mean gold will rise during every wartime situation but wars and inflation are often linked to increased gold prices.

Also, America crossed the $40 trillion debt level in early August and the Congressional Budget Office (CBO) now predicts a Fiscal Year 2026 deficit of $2.1 trillion despite a strongly growing economy, so gold is energized now by the costs of a longer-than-expected military action, along with runaway budget deficits and increased central bank buying.

Gold surged by $600 in August but had retreated from $4,638 on August 25 to $4,386 on September 8. It rebounded the following day to close above $4,400 an ounce. Silver performed better. In the same time frame, silver rose $11 (+19%) and then fell only $2 (-3%) since its August 25th peak. It closed Wednesday above $67.29 per ounce. Some of the retreat in the metals is related to the anticipation of a Fed funds rate increase at next week’s meeting of the Federal Open Market Committee (FOMC) on September 15-16, but first we will see the Producer Price Index (PPI) and Consumer Price Index (CPI) late this week.

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