New York silver, gold and platinum futures dropped Monday, as the U.S. stock market and the dollar soared after the government’s takeover over of Fannie Mae and Freddie Mac.
October oil climbed 11 cents to $106.34 per barrel in the wake of concern about the possibility that Hurricane Ike could disrupt oil in the Gulf.
December silver slid 2.5 percent to end at $12.06 an ounce.
October platinum moved lower 1.1 percent to $1,352.90 an ounce.
December gold fell 30 cents to close to $802.50 an ounce.
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The following numismatic articles are not written for CoinNews, but we recommend collectors read them for their unusual or interesting content:
Hispanic Society Wants Coins From ANS
By David L. Ganz, Numismatic News
The Hispanic Society of America wants to sell some 38,000 "permanent loan" coins that the American Numismatic Society has held and been cataloging since the death of benefactor Arthur Milton Huntington in 1955 at age 85. Sotheby’s apparently will use ANS cataloging data to facilitate the sale, which some say could exceed $30 million.
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U.S. Mint Price Gouging
By Susan Headley, About.com: Coins
Although the U.S. Mint has been listening and communicating better this past couple of years, I think they’re getting way too greedy in their product mark-ups… The Mint’s mark-up on the Jackson First Spouse coin is more than fifty percent over bullion value!
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The Royal Mint has developed a distinct collection of 18 silver proof coins celebrating the history of British motorcars. The Classic British Motorcars Silver Proof Collection includes coins featuring British cars manufactured during the first seven decades of the twentieth century.
The limited edition silver coins bear designs of world favorite cars from 1906 to the 1970s, like the Aston Martin, Rolls-Royce, Jaguar and the iconic Mini. Several Royal Mint promoted features of the collection include:
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