Nevada Coin and Jewelry

Coin and Jewelry Buyers in Las Vegas

Rolex Oyster Quartz.

4 Facts About The Rolex Oysterquartz That Will Surprise You

By Paul Altieri
Rolex Oysterquartz 17013

Rolex Oysterquartz Datejust 17013

Yes, even Rolex joined the quartz movement

Rolex may be known for their precise and reliable mechanical movements, yet there was a time when the Swiss watchmaking company got on board with the quartz craze during what is now referred to as the “quartz crisis” era.

In the early 1970s and 1980s, the trend in the watchmaking business was towards less expensive and more precise quartz calibers rather than more intricate mechanical movements. It was referred to as a crisis because it almost toppled the entire Swiss watchmaking industry with the majority of quartz watches coming out of Japan and the United States. Although there was widespread hesitation to join the quartz bandwagon among Swiss watch manufactures at the time, there were a few top watch brands, including Rolex that introduced their own quartz watches. Here we take a closer look at the development and evolution of the Rolex Oysterquartz.

1. The precursor to the Oysterquartz was the Rolex Date 5100

Rolex Date 1500 Quartz (Image: Rolex Encyclopedia)

Rolex Date 1500 Quartz (Image: Rolex Encyclopedia)

The first Rolex quartz watch was the limited-series Date 5100 powered by the Beta 21 movement. The development of the Beta 21 was the result of the uniting of more than 20 Swiss watch brands, including Rolex, to form the Centre Electronique Horloger whose mission was to create electronic watch movements. The Beta 21 was used among numerous Swiss watch brands to equip their quartz watches.

Rolex only produced 1,000 pieces of the Date 5100 and it quickly sold out. Not only was the quartz movement a first for Rolex, but the design of the Date 5100 was also unique. Fashioned entirely from 18k yellow gold, the Date 5100 featured a distinct integrated case and bracelet that was considered very fashionable and modern during its era.

Despite the success of the Date 5100, Rolex did not believe that it was in their best interest to offer watches that were equipped with the same movements as so many other companies. Therefore, they ceased to be a part of the Centre Electronique Horloger and began the development of their own quartz movement.

2. It took five years to complete the Oysterquartz movement

Rolex Oysterquartz 17000

Rolex Oysterquartz Datejust 17000

Beginning in 1972, Rolex took five years to conceptualize, design, develop, and test their in-house quartz movement. In 1977 the brand introduced the 5035 quartz caliber for the Datejust and the 5055 quartz caliber for the Date-Date Oysterquartz models. The Rolex Oysterquartz movements included 11 jewels and a 32khz oscillator and the in-house calibers were hailed as modern marvels when launched.

3. The Rolex Oysterquartz was in production for 25 years

Rolex Oysterquartz Day-Date 19028 "Pyramid"

Rolex Oysterquartz Day-Date 19028 “Pyramid”

During its 25-year manufacturing run, the Rolex Oysterquartz movements were only ever used in the Datejust and Day-Date models. The Oysterquartz Datejust watches were offered in stainless steel (reference 17000), Rolesor stainless steel and yellow gold (reference 17013) and Rolesor stainless steel and white gold (reference 17014). Of course, the Day-Date President models were crafted full gold with an option of yellow gold (reference 19018) and white gold (reference 19019). Rolex also unveiled some special Oysterquartz versions with jewels and interesting design elements. Of particular interest, is this Day-Date Oysterquartz ref. 19028 with pyramid design details on the bezel, bracelet, and hour-markers.

4. Less than 25,000 Oysterquartz watches were ever produced

Rolex Oysterquartz Day-Date 19018

Rolex Oysterquartz Day-Date 19018

Although produced for 25 years, it’s estimated that fewer than 25,000 Oysterquartz models were ever created. In the realm of Rolex manufacturing, that is a low number, making the Oysterquartz an uncommon Rolex watch. 2001 was the final time that Rolex applied for certification from COSC for their quartz movements and certain Oysterquartz models remained in the brand’s catalog until 2003.

Rolex Oysterquartz Datejust 17013

Rolex Oysterquartz Datejust 17013

The Rolex watches that are equipped with their mechanical movements may be more coveted and famous, however, the Oysterquartz represents a historically significant time during the brand’s history, as well as the Swiss luxury watch industry at large. It illustrates Rolex’s ability to not only keep up with the current watch trends but also shows how they take it and make it completely their own.


The Mint

Congress Votes to Privatize the Mint

In what is seen as an election year move during a late night session, congress voted mostly along party lines to sell the U.S. Mint and its assets to a private corporation headed by the founders of the Poboy Mint.

The measure moved quickly through congress after the bill was introduced by House Banking Committee Chairman Jed Harding. In his floor statement, Harding said that he and his senate counterpart Carroll Cobra have been discussing this with interested companies and other members for more than a year. They see it as a way to make money without making money.

Under the terms of the agreement, the current U.S. Mint properties will be leased to the Mint of the United States Corporation (MUSC), the new entity being created for this venture. They are required to use these facilities for 50 years at which time either party can end the agreement with 120-days notice.

Rep. Brad Hoyle said that he worked hard to ensure that the facility in Philadelphia remained. “The Mint employs a lot of people in Philadelphia,” Hoyle said. “We just couldn’t see all those jobs leaving.”

“Besides,” Hoyle continued, “how would it look if the city where the Mint started would lose the Mint after all these years? It would be devastating to our local economy.”

Dana Gillette, who represents Denver was note as upbeat. Gillette disagrees with the privatization efforts saying, “I know the constitution does not say that the government doesn’t have to own the Mint, but this is a bit too far.”

The transfer to MUSC will begin immediately, ending 224 years of operating as a government entity.

Quarters New York

Do you enjoy collecting items to have a complete set? Do you have a love of history? Do you appreciate how it has made the United States such a great nation? If you answered yes to these questions, you may be interested in collecting state quarters. If you need some added motivation to understand the joy of collecting these quarters, look at the historical value of these quarters to see what treasures these coins really are.

Each quarter was made to display something important for the state that it represents. A good example of this is the statue of Liberty on the back of the New York quarter along with a picture of the state itself. On the other side of the coin is a portrait of George Washington, the first President of the United States. Throughout the series, the coins follow the same format with a design representative of the state on the reverse and the common obverse design featuring Washington.

These coins can be very educational thanks to the landmarks and historical figures that are etched on to each coin. If you look at the complete set of quarters, you will see historical events that have happened over the years and much more on each unique coin. Some events depicted include the historic First Flight, the Crossing of the Delaware, the return of Lewis & Clark, and the joining of the Union Pacific and Central Pacific Railroads.

The State Quarters are a great tribute to the past. Although no one can forget something as important as the Statue being located in New York, the coin still gives people an emotional reaction. It pays tribute to the way that this statue affects immigrants coming to America.

Canadian Penny!

It escaped from Canada!

1966 Canadian one-cent found in pocket change

1966 Canadian one-cent found in pocket change

How could it have escaped from Canada?

We need to build a wall!

We know that the Royal Canadian Mint struck their last 1-cent coin in 2012. During the six-month transition, Canadian banks were helping recall 1-cent coins while cash sales began to be rounded up or down to the nearest 5-cents.

But when I made a purchase at a local convenience store, my change included a 1966 Canadian 1-cent coin. Even though the coin is still legal tender it is not usable. I can visit an agent for the Bank of Canada or the Royal Canadian Mint to turn it in for updated coins. I was told that the minimum they will take for exchange is 100 coins. If I can scrape together 99 more coins I can trade it for a Loonie.

At the current exchange rate, the coin is worth only 0.0074 U.S. cents. Someone owes me 0.0026 cents!

Maybe I should go back to that store and see if they would give me a Canadian 5-cents coin and I would give them four U.S. cents. That would make it even.

It’s Friday. Why not have a little fun after finding a Canadian cent in my change!

The $100 bill might be next to go?

Is the $100 bill the next to go?

The latest attack on the money in your pocket is the talk about eliminating the highest denomination banknotes. This discussion was intensified in the political policy world with the article by Lawrence Summers that appeared in The Washington Post. Summers is a professor at Harvard and had once been the Secretary of the Treasury and Director of the White House’s National Economic Council.

Summers cites a paper by Peter Sands of Harvard and students that claims to make a compelling case to stop issuing high denomination notes and possibly withdraw them from circulation because of its use in crime and corruption.

Crime is mostly a cash-based enterprise. Criminals do not use gold, checks, or credit cards. As those of us who use cash over other payment types understand, cash is more anonymous. Cash transactions can be used to perform untraceable transaction that could be used to evade taxes. Criminals use cash to avoid law enforcement and terrorists use cash to fund their activities outside of the monitoring of financial transactions. In fact, Sands notes that these criminals have nicknamed the €500 note the “Bin Laden.”

In order to carry out cash-based transactions is the ability to carry the cash. Sands’ paper and Summers’ article both say that lower denomination currency will make it difficult to carry large volumes of currency in order to make these transactions. Considering the weight of United States currency, carrying $1 million worth of $100 Federal Reserve Notes would weigh about 10 kilograms (22.0462 pounds). Using a 15 liters (just under 4 gallons) as the “standard” briefcase capacity, you could carry $1 million in 0.7 cases.

As a comparison, $1 million worth of $50 Federal Reserve Notes would require 1.4 briefcases and 3.5 briefcases when using $20 notes. If the $1 million was being paid using €500 notes, it would weigh 2.2 kilograms or about 4.85 pounds that takes up a quarter of a briefcase.

Weight of $1 million using U.S. Federal Reserve Notes

Comparison of the weight of the equivalent of $1 million using U.S. Federal Reserve Notes

Weight of the equivalent of $1 million using euro currency

Comparison of the weight of the equivalent of $1 million using euro currency

Sands says:

By eliminating high denomination, high value notes we would make life harder for those pursuing tax evasion, financial crime, terrorist finance and corruption. Without being able to use high denomination notes, those engaged in illicit activities – the “bad guys” of our title – would face higher costs and greater risks of detection. Eliminating high denomination notes would disrupt their “business models”.

Summers agrees with Sands and even suggests that the baseline currencies, specifically the dollar and the euro, should “stop issuing notes worth more than say $50 or $100.” Both consider demonetizing these high denomination notes a step in the right direction.

$207 Million in $100 notes seized as part of a drug raid in 2007

$207 Million in $100 notes seized as part of a drug raid in 2007

In the world of policy analysis there is the concept of the three-legged stool. The first leg is to identify the policy, which is what Sands’ paper does. Next would be to translate the policy idea into something that could be used as the basis for a law. The final step is something to drive the policy to be considered by the lawmakers in order to do something with the policy.

This is how the one cent coin went from being 95-percent copper to being copper-covered zinc. There was the idea to change the composition of the coin in order to save money. After the idea, there was the research and the law writing that went into changing the composition. As part of that second-leg exercise was the creation of the 1974 aluminum cent pattern. Finally, by 1982, the costs were so out of line that it became the driver that forced action.

Although the article and report has been well discussed as part of the financial press it is not likely to be acted on in the near future. It is only the first leg. It will take time before this stool gets its two other legs.

New Silver Bullion Coins

2016 Wedge-Tailed Eagle Silver Bullion Coin Lands In Australia

BULLION BARS AND COINS

The outstanding 2016 Australian Wedge-tailed Eagle 1oz silver bullion coin has been designed by John Mercanti, the internationally renowned coin sculptor-engraver.

John held the position of Chief Engraver at the U.S. Mint from 2006 until his retirement in 2010. His achievements are remarkable – with the coin and medal design process traditionally a competition between members of the in-house team, John is responsible for more successful designs than any other employee in the history of the U.S. Mint.

The Perth Mint commissioned John to create the design for its 2014 Australian Wedge-tailed Eagles. Subsequently appearing on all 2015 coins in the series, the popular design featured a stunning portrayal of Australia’s largest bird of prey descending towards the stump of a tree.

John has reprised the design for 2016 with an image of a Wedge-tailed Eagle that has landed and is perching majestically on a branch. His notable use of exquisite detailing to portray the bird’s feathers is again evident in this noble representation.

Made from 99.9% pure silver and housed in an acrylic capsule, the 2016 coin is available in Australia from 1 February. A superb addition for any silver bullion coin investor, it can be purchased from the Bullion Trading Desk at The Perth Mint, 310 Hay Street in East Perth. Orders can also be placed via the Mint’s dedicated BullionLine on 1300 201 112, atwww.perthmintbullion.com and leading bullion coin distributors Australia-wide.

Whats better for investing? Gold Stocks or Physical Gold?

Gold Stocks vs Physical Gold


Gold ingot resting on a stocks and shares graph representing investment or banking

Investors seeking to build a portfolio aimed at growth and stability must make diversification a top priority. Diversification limits exposure in any single asset class and helps deliver more consistent returns over longer periods. And right now, one of the best diversification strategies available is to invest in precious metals such as silver, platinum, palladium, and especially gold.

When investors look at getting into gold, the most common options they have are gold stocks and gold bullion. While both options can provide the kind of growth and stability desired, they do not achieve these ends in the same way. Let’s examine some of the key differences between gold stocks and gold bullion.

Gold stocks

  • Represent shares in a gold mining or gold refining company
  • Value of shares depends heavily on the company’s ability to run efficiently and turn a profit
  • Value of shares may fall even if the spot price of gold rises
  • Tend to drop in value faster and farther than the spot price of gold in a downturn
  • Could lose value due to labor disputes, political unrest, nationalization of resources, and other factors unrelated to the spot price of gold
  • May pay dividends
  • Do not require storage or insurance

Physical Gold

  • Is a physical asset available in the form of coins or bars
  • May be added to Individual Retirement Accounts for growth
  • Serves as a store of value against currency depreciation and economic uncertainty
  • May be used as legal tender
  • Has no credit risk
  • May be bartered for goods or services in a crisis
  • In the form of numismatic coins, may be sold for well above face value
  • Provides investors with a hedge against stock market declines
  • May require storage fees if kept offsite

In general, the decision to purchase gold stocks or gold bullion comes down to your overall investment goals. While both types of assets help diversify your portfolio, they do so in different ways. Gold stocks are a riskier proposition by still being a paper asset, while gold bullion is considered a stable investment that is ideal for retirement funds and long-term profitability.

Although the information in this commentary has been obtained from sources believed to be reliable, American Bullion does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. American Bullion will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.

Jewelry Deisgns

As a lifelong New Yorker, Shawn Warren’s jewelry embodies that cool, understated chic you find on the streets of Manhattan. Raised around the fashion world by a mother who modeled for top fashion designers of her day, Shawn began her own career as a psychotherapist. She traveled widely, built an art collection and private practice, but remained intrigued by fashion. Eventually, she began designing herself, launching her jewelry business in 2003.

Shawn’s jewelry is bold but never over the top, made to fit and flatter a woman on the go. From the eye-catching statement jewels she designs herself to more accessible production pieces, Shawn Warren jewelry is always about accessorizing, not status. Today I’m talking to Shawn about the limited-edition jewelry that has become her signature.


Bali Small Feather Diamond Earrings by Shawn Warren

You work with some interesting gem material. Where do you find your stones?

I buy a lot of stones at the Tucson Gem Show. What is so amazing about Tucson is that you have vendors from around the world all under one roof. You can find everything from beautiful colored sapphires from Thailand to rubies from India and emeralds from South America.

What do you look for when you shop stones?

I look for the unusual. I’ve been in this business long enough that certain stones don’t have the same appeal any more, because you see them everywhere. So I’m usually looking for an unusual color, an unusual shape. I’m very drawn to palettes of blues, grays, and greens. They tend to be the stones that not only sell the best for me, but that I find myself most drawn to.

 Sage_Opal_Starburst earrings by Shawn WarrenFiona Crown ring by Shawn Warren

Orin emerald diamond lariat necklace by Shawn WarrenI love the sliced diamond pieces. That seems to have become a signature for you.

The sliced diamonds are particularly interesting to me because they’re very organic. Each one has its own story and the price point is much more compelling than a traditional cut diamond. You can get a lot of look and value. Most people I sell to don’t want to wear the same thing as their best friend. They want something a little unusual. So if you were to get a pair of diamond slice studs, chances are the shape would be unique. It lends a little individuality.

What kind of woman wears Shawn Warren jewelry?

She’s a woman who really likes fashion but is not necessarily looking to broadcast her brand. She’s more discreet. She has a bit of a downtown edge, likes to wear jeans with a great pair of boots. She probably has the newest bag but it’s more likely to say Loewe than Celine. She’s worldly and smart. She exercises. We have a page on the website that describes our philosophy and one of the phrases is “perfectly imperfect.” I like that motto.

On your website, you refer to your mother as your muse. Tell me about her.

My mother modeled for Geoffrey Beene, Halston and Kasper in the fifties. She very much embodied the kind of woman I just described – confident and comfortable. She wore jeans a lot, a woman before her time. She liked beautiful things but preferred them to be under the radar.

What would she think of your jewelry?

She got to see a little of it. She would always tell me straight out which pieces she loved and which pieces she hated. [laughs] She didn’t have a great filter! I think she would have appreciated what’s become of my business.

Rainbow_Opal_Ring_by Shawn WarrenSignature Large Oval Cuff by Shawn Warren

If we met for lunch, which pieces might you be wearing?

I’m loving these lariat necklaces. You can wear them with many different necklines because you can adjust them up or down. I’m going to do them in a lot of colors, but I tend to prefer more monochromatic pieces myself. I might wear my signature large oval cuff with the black diamonds. It fits really well, grips the wrist and doesn’t move around.

And I love the idea of the floating diamonds so I might wear that Teardrop ring. Another design I’m wearing a lot are the big Portia fan earrings. That top piece fits into your lobe and the triangle extends below.

Portia Fan Earrings by Shawn Warren Your jewelry looks very easy to wear.

I think a lot about wearability. I prefer jewelry that doesn’t call too much attention to itself but adds some dimension to your jeans or your blazer. The way women dress now is not so much about special occasion. They want something they can wear day to night, that they’ll be able to get a lot of use from. My jewelry is not just going to sit in a safe somewhere.


Half dimes

One of the favorite coins in my collection is one of tiniest. The half dime was authorized under the Coinage Act of 1792 as the smallest silver denomination. The weight of the coin was just 1.35 grams, which was later reduced to 1.34 grams. The diameter was a 15.5 mm, making it both smaller and thinner than the dime.

half-dime

I came across this 1829 half dime, which was graded NGC AU 53 in an old holder. While the scan above does not convey completely, the coin is covered in colorful, original toning. Furthermore, the coin displays much greater detail and minimal wear than the grade level would suggest. As a premium example for the given grade, I decided to mark the purchase. I sent the coin to CAC and it received their gold sticker, indicating that the coin exceeded their standards for the given grade level.

Slowly but surely I will attempt to build a collection of the Capped Bust Half Dimes in similar grade and quality. The series is relatively short lived, running from 1829 to 1837. This makes for only nine different dates to acquire. There are no significant key dates for the series so all coins carry a modest price tag for about uncirculated coins.

It's not the most popular series, so not every dealer has a lot of examples available. However, I am sure I will be able to pick up an outstanding coin or two in the coming years.

Error coins


With billions of coins produced each year by the United States Mint, it is inevitable that a few might experience inadvertent flaws or abnormalities within the minting process. Such error coins typically occur with extreme rarity and are avidly pursued by some coin collectors.

Error Coins

The rarity of the different types of errors can vary across the denominations and years of issue. Generally, errors with larger diameter coins occur with less frequency compared to smaller coins. Errors on circulating coins are more likely to escape detection than numismatic coins. Since early 2002, modifications to the production process have greatly reduced the occurrence of certain types of errors.

Due to their nature, nearly every error coin will have some unique aspects, although many of these will fall into one of several broad categories established by collectors. 

Some of the more frequently encountered errors include clipped planchets where a portion of the metal is missing, off center strikes where the coins were struck incorrectly centered, and broadstrikes which were struck outside the retaining collar. At the start of the Presidential Dollar Program, missing edge lettering errors were common until the production process was modified.

Error Coin

Less frequently encountered errors include coins which have been struck multiple times, coins struck on the wrong planchet or wrong metal, and mule errors where coins are struck with obverse and reverse dies intended for different coins.

As with many other segments of collecting, it is often useful to certify error coins. A third party company with authenticate the piece, describe the error, and assign a numerical grade. This site includes additional basic information on error coins and a selection of certified errors available for sale.