Capstone Acquisitions, P. O. Box 170938 Austin, Tx 78729, Austin, TX (2026)

09/05/2026

THE 2026 RARE COIN MARKET SPOKE IN PITTSBURGH. 🪙

And after 28 consecutive ANA World’s Fair of Money shows, I was paying attention.

I flew into Pittsburgh with 5 boxes of coins. I came home with 3.

This was easily my best show of the year.

U.S. Gold. Morgan Dollars. Rare U.S. Coins. Ancient Coins. World Coins. Shipwreck Gold.

It was all moving.

What impressed me most wasn’t simply a crowded bourse floor. It was who was buying.

Collectors showed up with want lists, cash and checkbooks—and they weren’t afraid of serious coins. I can’t remember another recent show where I sold multiple five-figure coins day after day and it felt this easy.

By Thursday and Friday, good material was becoming noticeably harder to replace. Some dealers were reluctant to show their newest purchases because they needed something left to bring home.

That’s when you know.

There were plenty of reminders of why the ANA World’s Fair of Money is still the greatest coin show in America: all 11 government-owned 1933 Saint-Gaudens Double Eagles displayed together, the magnificent Tyrant Collection, and the beginning of a fascinating new chapter with PCGS entering Ancient Coin grading.

But my biggest takeaway didn’t come from an exhibit.

It came from behind the tables.

Quality rare coins are finding buyers—and new buyers are entering the market.

Not just $2,000 coins.

Not just $7,000 but $20,000+ Rare Coins.

Serious coins.

I’ve watched this market for decades, through hot markets and slow ones. Pittsburgh had something you can’t manufacture with a gold chart or an auction record:

Confidence.

Five boxes in. Three boxes home.

Sometimes the market tells you exactly what you need to know.

Rare coins are alive and well.

— Michael Gonzalez
Capstone Acquisitions, LP | PNG • IAPN

ANACoinShow WorldsFairOfMoney GoldCoins USCoins MorganDollars AncientCoins WorldCoins SaintGaudens ShipwreckGold PCGS CoinCollector CoinDealer CapstoneCoins

12/27/2025

A Modestly Sarcastic (and Uncomfortably Probable) 2026 Silver Prediction
— Capstone Acquisitions

In 2026, physical silver will reportedly remain “well supplied,” provided you don’t actually want to buy any. Stock exchanges say buy SLV and don’t take delivery. China has put in place export controls, licensing bottlenecks, and strategic hoarding. This will ensure ample availability—on paper, in spreadsheets, and in official statements. But is it the truth?

Meanwhile, real silver (the kind you can hold, stack, take home, and sleep better owning) will quietly detach from spot pricing like it missed the memo. Physical Premiums will rise, stay elevated “for a while,” and then become the new normal—explained away as logistics, demand, geopolitics, or shorted.

Industrial users will panic-buy. Governments will issue reassuring press releases. Retail investors will discover that price and availability are not the same word. Get in line. Dealers will hear, daily:
“But spot price is only—” Ha, this is the real cost.

Capstone Acquisitions’ prediction:
If 2025 was the warning shot for silver, 2026 is when physical silver stops asking permission from the paper market—and starts pricing itself like the strategic metal it always was. Get ready for $100+ Silver….

Picture world leaders in line to buy from the world’s largest supplier peacefully.

12/15/2025

The silver tetradrachms of Athens, which pair the helmeted head of the goddess Athena with the standing figure of her owl, were produced on a very large scale from the mid- to late-5th Century B.C. One design element on these coins that almost always is missing or is incomplete is the horse hair cre...

10/09/2025

Friends- No macro economic lesson here. Just my market thoughts on what is happening in a nutshell with regards to my old friend Gold as we flirt with $4,000 per ounce….

Imagine the world’s money system as a giant game of musical chairs. Every country wants to make sure that when the music stops, when markets crash or wars break out. it still has a strong, sturdy chair to sit on. For a long time, that chair has been the U.S. dollar. It’s trusted, powerful, and used almost everywhere in the world since the end of WWIi. But lately, people are noticing the music is speeding up, prices are still rising, countries are arguing, and economies are wobbling. Who’s telling the truth anymore?

That’s why nations, big investors, and even regular people are turning back to something ancient, my friend Gold. This metal has been valuable for thousands of years, long before there were banks or governments. You can’t print more Gold. You can’t create Gold with a keystroke. Gold is real, a physical asset you can hold, and that’s why it’s earned people’s trust for generations. It stores value.

When times get uncertain, gold becomes the “safe haven” of the financial world. Think of it like a life jackets during a storm. It might not pay interest like a savings account or change value overnight like stocks, but when the waves get rough, Gold will keep you afloat.

Even central banks, big institutions that manage entire countries’ money — have been buying record amounts of gold. Why? Because it doesn’t depend on anyone’s promise. The dollar, the euro, and other currencies all rely on governments to keep their word. But gold bars and coins don’t make promises, they are the value.

So when people say gold is competing with the dollar for trust, what they really mean is this: in a world where confidence can disappear overnight, gold doesn’t need anyone to believe in them. People have believed in Gold for thousands of years. Thank you King Croesus of the Lydian dynasty. Your invention of pure gold coins in the 7th Century BC. This was the beginning of the world’s trust for this yellow metal.

12/26/2024

Honoring the Birth of Christ and the First Portrait of Our Lord in Gold

The celebration of Jesus Christ’s birth at Christmas is a moment to reflect on the profound impact of His life and teachings. It is a time of joy, hope, and the recognition of His divine role in shaping human history. One of the most extraordinary historical artifacts honoring His legacy is the gold coinage from the first reign of Emperor Justinian II, minted in the late 7th century.

These coins hold a unique place in history, featuring the first portrait of Jesus Christ in gold—a powerful symbol of faith and reverence. The image of Christ, depicted with a halo and a sacred, serene expression, marked a turning point in Byzantine art and Christian symbolism, reflecting the central role of Christ in the empire’s spiritual and cultural identity.

Justinian II’s gold coins not only commemorate the Savior’s divine presence but also remind us of the enduring legacy of faith that began with His birth. They stand as timeless testaments to the glory of Christ, making them a fitting connection to the sacred celebration of Christmas.

12/19/2024

Shipwreck Gold isn’t for everyone. But it should be…..

Shipwreck gold captivates people because it combines history, mystery, and treasure. Each piece of gold recovered from a shipwreck tells a story of adventure, trade, and tragedy, often connected to legendary voyages or lost civilizations. Its rarity makes it highly valuable, both financially and culturally, as it often originates from bygone eras and exotic places.

The allure also lies in the drama of its recovery—divers braving deep waters and dangerous conditions to uncover treasures lost for centuries. The idea of finding something so valuable hidden beneath the ocean, untouched by time, sparks fascination and a sense of discovery.

Additionally, shipwreck gold carries an air of romance and mystery, invoking images of pirates, sunken galleons, long-lost fortunes near and faraway. Its connection to real-life treasure hunts and its intrinsic beauty make it a symbol of wealth, adventure, and enduring human curiosity.

Pictured above-

1853-P $20 Liberty PCGS AU53 from the SS Central America Shipwreck (only 25 were recovered & certified in 2000).

1861-P $10 Liberty NGC AU58 Civil War Date from the SS Republic Shipwreck (only 57 were recovered in all states of preservation in 2001-02).

Email for more information on these new arrivals.

💰

01/16/2024

1855 Kellogg $50 Gold Commemorative Restrike S.S. Central America Shipwreck PCGS GEM PROOF.

FOR SALE - $6450.00 OBO
Email - [email protected]

This came out of a collection that’s been off the market for well over a decade. You are buying this coin and all the original materials as we have. Including the copper display frame. This coin is stunning in hand.

The S.S. Central America was a three-masted steamer ship that was often used to transport gold from the California Gold Rush to the eastern seaboard of the United States. It is estimated that during its lifetime, the S.S. Central America transported almost one-third of all the gold output from the California Gold Rush. Now, 1855 Kellogg $50 Gold Commemorative SS Central America PCGS Gem Proof Coins are available to you for purchase.

Coin Highlights:

Coins arrive inside of protective plastic slabs from the PCGS!

Gem Proof condition!

Limited mintage of only 5,000 coins available!

Contains 2.41 Troy oz of pure gold content.

Issued a face value of $50 (USD) by the United States.

On the obverse is the Liberty Head design.

Reverse includes the heraldic eagle of the United States.

Minted in August 2001.

Let us know about all your shipwreck needs.

12/17/2023

Arguably one of the most popular and greatest Roman Emperors of all time - Marcus Aureus, a high grade portrait in gold. One of the “Five Good Emperors” of Rome.

For Sale, DM for prices, shipping only in the US.

Few ancient coins attract collectors of U.S. coins like hand hammered Roman Imperial gold does.

The gold aureus was a Roman denomination originally valued at 25 silver denari. Collectors are drawn to the history and art of these coins, as seen in a gold aureus struck in Rome around A.D. 177 by Marcus Aurelius as Augustus, who was a very popular ruler from 161 to 180. Less than 230 of these are known in all grades.

Marcus Aurelius, as Augustus (AD 161-180). Gold aureus (20mm, 7.26 gm, 5h). NGC Choice AU 5/5 Strike 4/5 Surface- Fine Style. Rome, AD 177-178. M•AVREL•ANTO-NINVS•AVG, laureate, cuirassed bust of Marcus Aurelius right, seen from front / TR P ###II•IMP VIIII COS III P P, Felicitas standing facing, head left, holding caduceus, upwards, in right hand and vertical scepter in left hand. An exquisite piece, with a superb portrait of the aged emperor. Bright flan with hints of orange overtones.

Struck in Fine Style as noted on the holder for skilled craftsmanship and artistry throughout.

Translation

Obverse

Bust of Marcus Aurelius, laureate, cuirassed, right.

Script: Latin

Lettering: M ANTONINVS AVG TR P XXIII

Translation:

Marcus Antoninus Augustus, Tribunicia Potestate Tertia Vicesima.

Marcus [Aurelius] Antoninus emperor (Augustus), holder of tribunician power for the 23rd time.

Reverse

Felicitas, draped, standing front, head left, holding caduceus, upwards, in right hand and vertical sceptre in left hand.

Script: Latin

Lettering: FELICITAS AVG COS III

Translation:

Felicitas Augusti. Augustus, Consul Tertium.

Good fortune of the emperor (Augustus). Consul for the third time.

Mint

Rome, Italy

Guaranteed Genuine by NGC

Capstonecoins.com

12/10/2023

1881-O $10 Liberty PCGS MS60 New Orleans Rarity

With a incredibly low Mintage of 8,350 it’s a rarity to find this date in MS. The Finest Knowns are only one grade higher in MS61 where one last year brought $55,200. This example is a steal at this leave. It could be years before another Mint State example is discovered in Europe again.

DM for best price.

05/04/2023

1907 $20 Saint Gaudens High Relief Gold PCGS MS62 Wire Rim Fresh Old PCGS Holder. The 1907 high-relief $20 Saint-Gaudens' gold double eagle is one of the most singularly popular coins the United States has ever made. Featuring Augustus Saint-Gaudens' beautiful striding Liberty and flying eagle designs in high-relief format as the renowned artist originally intended, the 1907 high-relief Saint-Gaudens' coins are treasured by collectors.

The 1907 high-relief Saint-Gaudens' double eagles include the rare 1907 wire rim and 1907 flat rim double eagles. The wire rim and flat rim are quite distinguishable from each other, with the former indicated by a very narrow, wire-like ridge encircling the entire extreme outer periphery of the coin. The flat rim, meanwhile, shows a broad, flattish rim. These edge varieties were not necessarily intentional but rather a result of the striking process. The wire rim was inadvertently created due to a looser fit within the coin's retaining collar, with pressure creating a tiny ridge on the edges of the finished coins with the repeated strikes each piece saw.

The high-relief double eagles were struck three to five times apiece, owing to the incredible detail of these coins. Yet that also illustrates why the high-relief Saints were impractical to produce for circulation. While the 1907 high-relief Saint-Gaudens' double eagles have low mintages, many of these pieces were saved by collectors and thus are widely available in the marketplace. The wire rim double eagles are about twice to three times more common than the flat rim pieces.

Obverse: Liberty is portrayed standing on a rock, holding a torch in her right hand and an olive branch in her left. The word LIBERTY appears on the top periphery surrounded by stars. The date is stamped on the right side of the coin, just above the rock.

Reverse: A crescent sun appears at the bottom as if rising on the horizon with long rays extending to the top of the coin. A flying eagle covers the central portion, atop the rays. The words UNITED STATES oF AMERICA, TWENTY DOLLARS appear on the top periphery.

Capstone Acquisitions

09/05/2026

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10/09/2025

12/26/2024

12/19/2024

01/16/2024

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05/04/2023

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