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Articles on August 11th, 2008

U.S. Mint at Denver Closed During DNC Convention

The United States Mint at Denver offers exceptional public tours, but its doors will be shut for Democratic National Convention (DNC) attendees and everyone else during the week of the Democratic convention.

Politics? Not so, according to The Denver Post who quoted U.S. Mint Deputy Director of Public Affairs Greg Hernandez.

The Mint will not be producing coins or tours during the week of the convention (August 25-29) because it will be performing its Annual Physical Inventory (API).

Hernandez said:

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Gold Marks Lowest Point Since Dec. 2007

Precious metals continued their downward turn Monday with gold hitting is cheapest level since December of 2007. Declining oil prices — now $114.45 a barrel — and strength in the US dollar were the cited reasons.

Bullion update ...Silver for September was battered around, sliding 71 cents to close to $14.62 an ounce.

October platinum decreased by $24.10, falling to $1,535.50 an ounce.

December gold dropped sharply to $828.30 an ounce, losing $36.50 and 4.2%. That, after its previous weekly loss of almost 6%.

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$5 Million+ Jupiter Collection to be Featured at Long Beach

Dallas, TX: Heritage Auction Galleries’ upcoming Long Beach Currency Signature Auction, to be held September 17-19, 2008, will be anchored by the impressive Jupiter Collection.

Jupiter Collection Notes

“The collection contains a total of fifty-nine Large Size Type Notes and 11 Small Size High Denomination Notes, as well as a partial pack of twenty-five Large Size Federal Reserve Notes,” said Dustin Johnston, Consignment Director for Dallas-based Heritage.

“It was assembled by a collector with astute attention to quality and rarity. No note was added to the collection unless it was fully Gem in quality, one of the finest available for the type, or exceedingly rare.”

 

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Young Collectors Set to Inspire New Generation of Coin Collectors

In a market-leading initiative designed to help create a new generation of coin collectors, The Perth Mint has announced Young Collectors, the first Australian legal tender coin program exclusively designed, packaged and priced for 8 to 12 year-old children. 

Australian Young Collector Coins from The Perth Mint

With the number of mature-aged collectors in decline around the world, Perth Mint Sales and Marketing Director Ron Currie said that the industry was in agreement that new initiatives were needed to boost participation in one of the world’s oldest hobbies. 

 

"Young Collectors is set to tackle the challenge with a program of annual releases portraying themes appealing to children," he said.  "It starts in 2008 with the release of 12 Australian Animal $1 coins on brightly illustrated information cards." 

 

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