New York silver, gold and platinum futures fell Tuesday, as the U.S. dollar showed strength and crude dropped following yesterday’s monstrous surge.
After gaining more than $16 Monday, November crude-oil fell $2.76 to end at $106.61 per barrel.
December silver lost 28 cents to close to $13.17 an ounce.
October platinum fell $23.80 to end at $1,212 an ounce.
December gold dropped $17.80 to close to $891.20 an ounce. Concerns over the government’s proposed $700 bailout and its impact has some analyst believing gold is better positioned to trend higher. But the known and unknown variables in play offer no guarantees either way, obviously.
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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:
Tips on How to Avoid Fraud on Collectible Coins
By Gary Eggleston, BellaOnline
Many people enjoy shopping online where there are great buys of coins that can be found. A person may prefer do his shopping while he is at home because it is convenient and time-saving instead of going out looking for stores that sell collectible coins and other souvenirs.
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Scientists study gold-laden 16th-century shipwreck in Namibia
By Sahil Nagpal, Top News
Oranjemund, Namibia - A treasure-laden 16th-century Portuguese vessel that ran aground off Namibia’s Atlantic coast was hailed Monday by archaeologists as providing a rare insight into the heyday of seafaring explorations between Europe and the Orient. "This is a cultural treasure of immense importance," Bruno Werz told Deutsche Presse-Agentur…
Read Scientists study gold-laden 16th-century shipwreck in Namibia’ »
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The mainstream press picked up and ran with the U.S. Mint’s promotion of Lincoln penny images and the new coins to honor the bicentennial of Lincoln’s birth and the 100th anniversary of the Lincoln cent in 2009.
Nearly every major outlet had something to say about the four commemorative coins. And, why not? It’s not every day a circulating U.S. coin gets a 50-year-old makeover.
Before the evening news Monday, several thousand CoinNews visitors had read about the upcoming changes.
While the quantity of visitors to the article was no record-breaker, or "top 20" for that matter, Read the rest of this entry »
Congressman Frank Lucas introduced House Resolution 6942 Thursday that would swap today’s Jefferson Nickel with a circulating half-dime of old.
In an article Friday, details were scarce because the Government Printing Office had not yet published the bill’s text. That is no longer the case.
H.R. 6942 is officially entitled the ‘5 cent Restoration Act of 2008.’ Interestingly, it is at the top of the brevity scale when it comes to coin legislation with fewer than a dozen sentences. At the bill’s core are three lines that state its intent:
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