May 2008

It was a struggling week for silver, gold and platinum. Each faltered with the overall strength in the US dollar, declines in crude oil prices, and sell-offs for profit taking. However, gold and platinum regained on Friday a portion of their week’s losses, and there seems to be a stronger mix in the air for [...]

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Numismatic News today announced the launch of an online Business Directory for coin collectors and numismatic professionals. In a statement, associate publisher of Numismatic News Dean Listle said,   “No matter where you’re located or what services you’re looking for, the Industry Directory will help you find it. We’ve collaborated with our partners across the [...]

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Odyssey over world treasure mapU.S. treasure hunting company Odyssey Marine Exploration struck gold twice in a single week. The company announced Thursday it had discovered new shipwreck sites near the English Channel containing Colonial period artifacts.

That announcement came on the heels of Tuesday’s revelation that Odyssey’s adventures will be spotlighted on a Discovery Channel shipwreck series that will be seen around the world.

Odyssey has been fighting a huge legal battle with Spain over ownership of 17-tons of Colonial-era coins recovered in May of 2007. While those legal battles will wage on with several hundred million at stake, the latest news from Odyssey is fortuitous in its timing.

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Dallas, TX. More than 350 rare coins from the inventory of noted Dallas firm Anaconda Rare Coins will be offered by Heritage Auction Galleries in their Summer FUN Signature® Auction catalog. The auction will be held June 25-28, 2008 in West Palm Beach, Florida. The catalog will be posted by Heritage on their HA.com website. [...]

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First Fidelity Reserve has announced today the launch of its new coin web site dedicated to coins described in the book "The Money of the Bible." The site is named after the book and provides information on Tyre Shekel or "Judas Coins" — coins believed to be the same type offered to Judas for betraying [...]

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A few days ago the U.S. Mint announced the release ceremony for the Arizona state quarter. On the same day of the ceremony, June 2, 2008, millions of Arizona state quarters will have been minted. Demand dictates how many Arizona quarters there will be in total. Based on previous state quarter production figures, around 500 [...]

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New Zealand has issued commemorative silver and gold proof coins honoring the life achievements of Sir Edmund Hillary. The release of the proof coins mark the 55th anniversary of Hillary’s adventurous climb of Mount Everest with Sherpa Tenzing Norgay on May 29, 1953. The two were the first climbers to conquer Everest.

Sir Edmund Hillary silver and gold commemorative coins

Sir Edmund Hillary was 33 then, and lived on to accomplish other extraordinary feats during his 88-year lifetime. According to the New Zealand Post, who released the coins,

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The Bureau of Engraving and Printing (BEP) had announced Monday’s release of the 2008 Cleveland $2 Single Notes for collectors. However, a follow-up message sent to customers on Tuesday, May 27, indicates there will be an unspecified delay in their sale. The BEP message said in part,   "Due to system maintenance the Bureau of [...]

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Silver, gold and platinum — all precious metals, for that matter — are experiencing sharp declines this morning. A slide in crude oil prices combined with a strengthening U.S. dollar are sighted as reasons for bullion declines. Spot gold has fallen 2 percent, and platinum by 3 percent. Prior to 11:00 a.m. (ET), New York [...]

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2008 First Spouse gold coins and bronze medals honoring Louisa Adams may be purchased from the United States Mint Thursday, May 28. The Louisa Adams gold coins are the second for 2008 and sixth in the First Spouse Gold Coin Series – a series that started off blazing hot, but have drastically cooled due to prices and demand.

United States Mint artist renderings of the Louisa Adams First Spouse Gold Coins

Martha Washington, Abigail Adams and Jefferson’s Liberty First Spouse gold coins flew of the Mint shelves and sold at records speeds — within hours of their availability.

The fourth and fifth coins — Dolley Madison and Elizabeth Monroe — sputtered. Their demand in the secondary market cooled and the high price of gold made buying them a larger obstacle.

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