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Alexander the Great gold Distater coin

The World’s First Ancient Gold High Relief 

Alexander the Great’s conquest of the Persian Empire “liberated” vast stores of gold and silver that had been locked away for centuries in the Great Achaemenid King’s treasuries in Sardes, Susa, Persepolis and Babylon. At the beginning of Alexander’s reign in 336 BC, the Macedonian Kingdom was reportedly in debt to the tune of 500 silver talents (a talent being 6,000 silver drachms and a “king’s ransom” in earliest Greek times). To give an idea of the vast loot his conquests amassed, at Susa alone Alexander seized 50,000 talents of silver and 40,000 of gold. 

This huge intake of bullion resulted in the creation of unseen denominations such as the gold Distater. Tariffed at two staters and ten silver tetradrachms, about 20 day’s wages for a Macedonian soldier during wartime. The beautiful Distater was likely employed first to reward his generals for their courage and later to pay off many of Alexander’s veteran soldiers, who were rewarded for their loyalty with the equivalent of a silver talent. With the new denomination, a talent could be paid out as 120 gold distaters. 

Despite their size and enormous buying power, gold distaters evidently circulated heavily, until they were eventually melted down, most specimens found today display considerable wear and numerous contact marks. Truly the first Gold High Relief of the Ancient World. This is the finest we have handled.

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1926 $2.50 Indian Quarter Eagle PCGS MS62

Scarce Incuse $2.50 Gold Indian

Coin knowledge – because they featured incuse designs struck into the metal versus raised above the surface, the $2.50 Gold Indian coins were two of the most intriguing U.S. coins ever issued. Struck from 1908 to 1929, the coin features a proud Native American and stoic American Bald Eagle. We recently purchased this coin from a local coin collection. This coin has been certified Mint State-62 by Professional Coin Grading Service (PCGS), on of the top coin grading services in the country.

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Pre 1933 US Gold Stacking- $20 Liberties

Produced for more than 50 years (1850-1907), the $20 Liberty gold coin is one that had an extremely high face value for its day. At the time, the coin’s face value more closely coincided with the spot price of gold, but now the inherent value of these gold coins  is far greater than ever before.

Each $20 Liberty has almost one ounce of gold (.9675) giving it a understandable valuation when compared to modern gold bullion. Nowadays, serious collectors and investors from all over the world do what it takes to own these 150+ year old gold coins when premiums are low and good opportunities arise.

Before you make a purchase, it is important that you do some comparison shopping because the price you pay and quality for coins from one dealer may differ greatly from the price being asked by another. Comparison shopping may take some time, but in the case of these coins it can save you hundreds if not thousands of dollars.

Please reach out if you have any questions or pricing on adding high quality $20 Liberties to your collection or portfolio. We handle thousands of these large gold coins every year and ship directly to you.
Call us at 512-692-0744 or email us at info@capstonecoins.com

#gold #goldcoin #goldstacking #usgold #goldtwenty #collectorgold #investment #investmentgold #private #coin #uscoin #liberty #wealth #wealthbuilding #diversify #pre33 #ushistory #rare #rarecoin #biggold #goldhoarding

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California Fractional Gold

California Fractional Gold The origins of the fractional gold coins from California came about in 1848 with the discovery of gold in California. Once this discovery became known the rush was on to California to strike it rich. It is estimated that over 300,000 people traveled to California to begin their careers as gold miners. Some were successful and many were not. With this sudden influx of people there was a boom in demand for the necessities of life, such as, a place to eat, sleep, and have some fun.   

Early in the gold boom, a pinch of gold was used to purchase a beer at the local saloon; this method of payment didn’t work all that well. Until modern times, the US had been plagued with a chronic lack of coinage to take care of day to day transactions in the community. The California of the 1840’s and 1850’s was no exception.

Out of this shortage of small currency, the California Fractional gold coins were born, but little is known on how much they impacted the economic community. They are one of the most overlooked numismatic collectables on the market today. Primed to move, only to be slowed down by a small supply. Most savvy collectors put together “short sets” that include- one- 25c denomination, one- 50c denomination, and one- $1 Dollar denomination. California Fractional gold or Cal gold coins were minted by private individuals, primarily by the Jewelers in San Francisco to meet the commercial needs, and they were legal up until 1864. As time progressed from the early days of the 1850’s up until the early 1900’s the purpose and style of the coins changed. Denominations included 25c, 50c, and $1 Dollar.

Most if the fractional coins were made by the hammer method. This was a process of striking where the bottom die was placed on a block, a coin blank was laid upon it, and the top die was then struck by a sledgehammer. Strikes of varying intensity would produce coins that were well or weakly struck.

Visit our dedicated site where you can buy this California Gold.

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Electrum coin – Lydia “Walwet” lion stater

Electrum coin from 610-550 BC Lydia “Walwet” NGC AU 5×5

Coinage, as we know it, originated in western Asia Minor around the middle of the seventh century.

The first coins were almost certainly minted in the Lydian capital Sardis in western Asia Minor. Coinage was quickly adopted and struck in neighbouring areas, the Lydians who seem to have nurtured a particular disposition for commerce and, according to Herodotus, were the first people to engage in retail trade. Under King Alyattes, Lydia prospered and became the most powerful state in the region. An important feature of these first coins is that they were all made of electrum, an alloy of gold, silver, and a few other trace amounts of metal.

The Lion Head Electrum coins from Lydia with the inscription “Walwet” are among the first made. Struck from obverse dies that had far too much detail to fit on this size coin, probably intended for a larger Stater. Most coins are found with varying degrees of inscription in front of the lions head. According to many scholars, “Walwet” was written in the Lydian alphabet, but when translated into Greek- it spelled Alyattes, the great King of Lydia. These Electrum coins were understood to be the royal coinage of the Lydian monarchy and backed by their royal treasury. Forever changing how business would be done. This coin is now sold.

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Caligula silver Denarius – Roman History of this ancient coin

Caligula the 4th of the Twelve Caesars was a cruel emperor who was feared and hated by most Romans at the end of his short reign – only three years and 10 months.  He reportedly took special delight in having people tortured to death slowly in his presence. He lived in a lavish but increasingly bizarre lifestyle that emptied the Roman treasury. He had wealthy Romans executed in order to seize their assets. This created many enemies. He would be murdered by one of his bodyguards, a Praetorian officer as he was leaving from a theatrical performance.

Caligula’s laurel-crowned portrait appears on the obverse of his gold aurei and silver denarii surrounded by his titles.

Agrippina the Elder, mother of Caligula, was honored on the reverse.

Gold and silver issues of Caligula are scarce, and in high demand from collectors, especially those determined to complete a set of the “Twelve Caesars” – all the Roman rulers from Julius Caesar to Domitian.

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SS Central America shipwreck gold coins from the second recovery

We are excited to showcase the new SS Central America gold coins that have been salvaged from the second recovery.  Only a few coin dealers had the opportunity to pre-launch the second recovery campaign; Capstone Coins is one of those companies.  We have sold close to a quarter-million dollars of these beautiful SSCA shipwreck coins and have several more to sell.  When you chose SS Central America coins from Capstone Coins you have complete confidence with your purchase as we are A+ rated with the BBB and are a proud member of the PNG (Professional Numismatists Guild). Take a look at the many 1856 and 1857 S.S. Central America coins in all grades.  They all come with a pinch of gold dust, a certificate of authenticity and exquisite packaging from the second recovery.  If you would like to learn more about these SSCA coins you can reach us at 512-692-0744.

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Oldest Coin In The World

The Ionia Mint Electrum Stater is considered to be the first actual coin with a picture ever struck in human history.  Capstone Acquisitions had the extraordinary privilege of acquiring this coin in Fall of 2016.  Referred to as the “Striated” Stater because it represented “ripples” of water from a nearby river where the electrum was harvested. It is estimated that only twelve exist in the world today. We were able to help place it into a collection to complete a set of Ionian Striated Staters,  a feat that is estimated to have been done only three times.

Minted nearly three thousand years ago in modern-day Turkey,  the coin is made from electrum, a naturally occurring alloy of gold and silver that was found in streams and riverbeds.  The striated lines on the front of the coin are believed to represent flowing water which is where electrum was found.

The coin was assigned the grade of About Uncirculated condition with a star for outstanding eye appeal.


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Welcome to China in 2016- the shadow banking system black hole

February 11, 2016
Austin, Texas

Being a Texas based rare coin and precious metals company, we support any information genuine to Texans, and their friends. As a devout follower of precious metals hawk and fellow Texan, Kyle Bass, we felt the strong need to pimp the Hayman Capital Management 2-10-16 letter to investors. Capstone is merely a sheepdog, we don’t support any doom and gloom scenario’s to date, but research like this needs to be read and out there. You can’t hide from global ramifications…..
Article From ZeroHedge.com –
Texas hedge fund manager J. Kyle Bass, the founder of Hayman Capital, has sent his first letter to investors on a global scale in two years.

The letter, posted on the internet, warns that China has a problem- much bigger than the subprime crisis in 2008.

Kyle Bass was one of the hedge fund managers who correctly predicted and profited from the mortgage crisis in 2008.

The problem in China, according to Bass, is the banking system and its coming losses.

“We have been vigorously studying China over the last year, with the view that the rapid credit expansion in the Chinese banking system will result in significant credit losses that will require the recapitalization of Chinese banks and materially pressure the Chinese currency,” Bass wrote in a letter to investors dated February 10.

“This outcome will have many near-term and long-term effects on countries and markets around the world. In other words, what happens in China will not stay in China.”

In the investor letter, titled “The $34 Trillion Experiment: China’s Banking System and the World’s Largest Macro Imbalance,” Bass says China’s banking system has similarities to the US banking system before the most recent financial crisis — excessive leverage, regulatory arbitrage, and irresponsible risk-taking.

Bass said he had met with Wall Street firms, consultants, and China experts and they all had the view that China would get through the recent turbulence without an economic reset.

That’s not how Bass sees it. He wrote:

What we have come to realize through these discussions is that many have come to their conclusion without fully appreciating the size of the Chinese banking system and the composition of assets at individual banks. More importantly, banking system losses — which could exceed 400% of the US banking losses incurred during the subprime crisis — are starting to accelerate. 

Put simply: China has an enormous debt problem and the rapidly decelerating economy means that the country’s banks will only be able to paper over the soaring NPLs for so long. If Beijing wants to eliminate the acute overcapacity problem that’s contributed mightily to the global deflationary supply glut, it will mean allowing the market to purge misallocated capital. And that means bankruptcies and a wave of defaults. “The unwavering faith that the Chinese will somehow be able to successfully avoid anything more severe than a moderate economic slowdown by continuing to rely on the perpetual expansion of credit reminds us of the belief in 2006 that US home prices would never decline,” Bass begins.

Bass is among a handful of hedge fund managers betting against China’s currency, the yuan. Much of Hayman Capital’s fund right now is devoted to the yuan short.

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The Spanish Milled Dollar – America’s money

America’s first silver dollar was actually Spanish…….

In early colonial times and even before the American Revolution, there was a chronic shortage of circulating coinage in the colonies. England forbade the early colonists to mint their own coins, forcing the settlers to barter or use foreign money to conduct business. It was commonplace during this time to use French, Dutch, German, English and Spanish currencies to conduct business.

1754MO MF MEXICO 8R KM-104.1 MS61

From 1600 to 1792, the Spanish Milled Dollar or Pillar Dollar, became the most utilized money of the era and set the standard for future US coins.  It is dubbed “America’s First Silver Dollar.” Minted in the silver-rich Spanish colonies of Mexico and Peru, these large, one ounce silver coins had a patterned edge to prevent dishonest merchants from “shaving” the edges. “Milled” refers to the fact that the coin blanks, or planchets, were made on a milling machine and were of consistent weight and size, perfect for the new economy. Merchants would either take the whole coin as tender or cut the coin into halves, quarters or eighths to “make change.”

It is believed the origins of the “$” symbol came from the column and stripes on the obverse of the coins.  The obverse portrays the Pillars of Hercules surrounding crowned, conjoined globes and ocean waves below, hence the name “Pillar Dollar” and was valued at 8 reales or “Piece of eight.”  1753MO MF MEXICO 8R MS 61 006

Thomas Jefferson even recommended to the Continental Congress on September 2, 1776 that the new country adopt the Spanish Pillar as a monetary unit of value. Years later in 1792, the coinage act created the

United States Mint. Ironically, our first U.S. dollars were not as popular as the Spanish dollars, which were heavier and made of finer silver. The Spanish Dollar was THE standard coinage in America and it remained legal tender in the United States until the Coinage Act of 1857.

1754MO MM Mexico 8R MS 62   1754MO MM Mexico 8R MS62 REV

Capstone Acquisitions




Information gathered in part by:
The Official Red Book. A Guide Book of United States Coins 2015.

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Happy Halloween!

Halloween History & Origin – from Wikipedia

Halloween is the one of the oldest holidays still celebrated today. It’s one of the most popular holidays, second only to Christmas. While millions of people celebrate Halloween without knowing its origins and myths, the history and facts of Halloween make the holiday more fascinating.

Some people view Halloween as a time for fun, putting on costumes, trick-or-treating, and having theme parties. Others view it as a time of superstitions, ghosts, goblins and evil spirits that should be avoided at all costs.

As the Christian debate goes on, celebrating Halloween is a preference that is not always viewed as participating in an evil holiday. Halloween is often celebrated with no reference to pagan rituals or the occult.

Halloween History

Halloween is on October 31st, the last day of the Celtic calendar. It was originally a pagan holiday, honoring the dead. Halloween was referred to as

All Hallows Eve and dates back to over 2000 years ago.

All Hallows Eve is the evening before All Saints Day, which was created by Christians to convert pagans, and is celebrated on November 1st. The Catholic church honored saints on this designated day.


Origin of Halloween

While there are many versions of the origins and old customs of Halloween, some remain consistent by all accounts. Different cultures view Halloween somewhat differently but traditional Halloween practices remain the same.

Halloween culture can be tr aced back to the Druids, a Celtic culture in Ireland, Britain and Northern Europe. Roots lay in the feast of Samhain, which was annually on October 31st to honor the dead.

Samhain signifies “summers end” or November. Samhain was a harvest festival with huge sacred bonfires, marking the end of the Celtic year and beginning of a new one. Many of the practices involved in this celebration were fed on superstition.

The Celts believed the souls of the dead roamed the streets and villages at night. Since not all spirits were thought to be friendly, gifts and treats were left out to pacify the evil and ensure next years crops would be plentiful. This custom evolved into trick-or-treating.

Austin, TX- 6th Street on Halloween – from Capstone Acquisitions

6th Street, Austin’s most famous entertainment district, is busy on regular evenings, particularly on the weekend. Halloween, as you can imagine, is usually off the charts and barely containable.

It’s hard to believe that after all the hassle it takes to get down there, so many people still go – including myself or used to in my younger days. Depending on where you live in Austin, it usually takes 20-30 minutes to get to 6th, followed by several minutes of bobbing and weaving through one-way streets, pedicabs and jaywalkers. The amount of time it takes to find a cheap parking spot or valet, close to the club you want, is just ridiculous if you don’t know your way around.

Austin Halloween

To be completely honest, it’s not for everyone. I would compare it to the insanity and pure ridiculousness of Mardi Gras in New Orleans, just on a smaller scale. 6th street is blocked off for blocks in each direction, and there are people absolutely everywhere.

There are costumes of all shapes and sizes. The thought and creativity that is put into some of the costumes you will see down there is unmatched. From what I remember, these are not kid friendly costumes. So prepare yourself for lots of cleavage, ass cracks, exposed boobs, fake penises, 6 packs, party balls, and 300 lb people in thongs. You will laugh so hard you might cry. People watching from a vantage point with a cold beverage does not get much better than on Halloween night. Come early and stay late is the mantra.

Here is a great documentary that a fellow Austinite made on the madness and craziness of Halloween on 6th Street: http://www.hulu.com/watch/177438/halloween-on-6th-street.

At the end of every night on 6th Street, the street itself is cram-packed with people heading to their cars, stragglers trying to find their friends, people sitting on the curb eating pizza, drunk kids stumbling, and cops lined up and down the streets to scout for future jailbirds. (Word to the wise: Make sure you have a designated driver or be a hipster and use Uber.)

Have a safe and fun Halloween evening where ever you are. I’ll be relaxing in North Austin Suburbia. On my driveway handing out candy with my brothers, drinking a cold one as our kids run around with their friends. Let the holiday season begin.