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Articles on August 27th, 2008

Gold and Platinum Rise with Oil, Silver Falls with Dollar

New York gold and platinum futures rose with higher oil prices and a weaker U.S. dollar Wednesday. Silver fell nearly 1 percent.

Bullion update ...Crude oil for October finished up $1.88 to $118.15 a barrel on furthering concerns over Hurricane Gustav’s threat to the Gulf, and Energy Department data showing unexpected declines in U.S. gas and crude supplies.

Silver for October settled to $13.50 an ounce, losing 0.8 percent.

October platinum gained $19.70, or 1.4 percent, to end at $1,440.70 an ounce.

December gold climbed $5.90 to close at $834.40 an ounce.

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Andrew Jackson Individual Proof $1 Coins

Andrew Jackson Individual Proof $1 CoinsThe Andrew Jackson Individual Proof $1 Coin will be available through the United States Mint Thursday, August 28, at 12 noon (ET).

Andrew Jackson was was the seventh President of the United States and the special individual proof coins honoring his presidency are priced at $5.95 each.

There is a $4.95 standard shipping and handling charge, which makes the total cost more prohibitive unless ordering them in quantity or with additional U.S. Mint products. There is a 5 order limit is in place for the proof singles.

Jackson Presidential $1 Coins first entered circulation on August 14, 2008 with their ceremonial release at The Hermitage, the home Jackson built and lived in near Nashville, Tennessee. It was the third Presidential Dollar for 2008 and the seventh since the series began in 2007.

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