Armstrong Economics Blog/Gold Re-Posted Apr 23, 2023 by Martin Armstrong

It is very interesting that I just purchased a hoard of $20 liberties, all uncirculated like the day they came from the mint and all dated 1904. The source was a foreign central bank. They were going through their reserves and came across this exciting hoard. It just goes to show that sometimes being disorganized results in new discoveries and excitement all the time. This batch was 500. The fact that every coin has the same date demonstrates that it was indeed a reserve asset directly from the Philadelphia Mint.