New York gold stretched its losing streak to eight consecutive days on Tuesday with a fall of more than $100 in August. Platinum took a body blow and staggered with a fall of $56. Both metals are at their lowest level since December of 2007.
Gold had recovered somewhat earlier Tuesday, until a rallying US dollar spooked investors away from the yellow metal.
Silver for September lost 13.5 cents to close to $14.49 an ounce.
October platinum tanked by $56.70, falling to $1,478.80 an ounce.
December gold dropped another $13.70 to close at $814.60.
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The American Numismatic Association presented 71 competitive exhibit awards at the 2008 World’s Fair of Money® in Baltimore. Winners were announced at the Exhibit Awards Presentation and Reception on Aug. 2.
Sixty-one exhibitors of all ages and experience levels, showing 85 displays, competed in this year’s program. There were also 9 non-competitive exhibitors showing 16 exhibits. The Collector Gallery featured eight current or former ANA convention Best-of-Show exhibits.
The top exhibitor was Mack Martin, who received the Howland Wood Memorial Award for Best-of-Show for his exhibit, "State of Georgia Currency Certificates, 1861-1865." First runnerup was Sam Deep, for "Off the Beaten Numismatic Path." Second runner-up was Steve Middleton for "Medals of the First Ferris Wheel."
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Andrew Jackson Presidential Dollars will enter circulation Thursday, August 14. On the same day at 12:00 noon, Bags and Rolls of the $1 coins will be available directly from the United States Mint.
While nearly one billion Presidential coins were minted in 2007, finding them in circulation or exchanging for them at banks is often a challenging task. That holds true for this year’s coins as well. Although the U.S. Mint charges a premium, purchasing $1 coins through their secure website is at least doable.
The Mint offers the presidential $1 coins in 250-coin bags and 25-coin rolls that may be purchased with either the Philadelphia, “P”, or Denver, “D”, mint mark.
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Tampa treasure hunting firm Odyssey Marine Exploration filed their second 2008 results with the Securities and Exchange Commission. Odyssey reported a decrease of $.6 million in revenue for 2008 that was mostly due to fewer coins sold.
The company provided updates on shipwreck projects, including the 17-ton gold and silver coin find from "Black Swan," the HMS Sussex with a potential cargo of coins, and the high value targets in their "Atlas" Search Project.
Odyssey indicated taping has already begun for the 11-episode primetime TV series for Discovery Channel scheduled to air in early 2009.
Financially, Odyssey’s second quarter revenue fell to $1.1 million compared to $1.7 million in the same period of 2007. The company also reported a net loss of $5.4 million in the second quarter compared with a $6.3 million loss in Q2 of 2007.
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