The 2008 Philadelphia $2 Single collector note will be released Monday, October 20 at 9 A.M. EDT, a Bureau of Engraving and Printing (BEP) e-mail sent Thursday reminded customers. These are the same notes that were delayed in June due to BEP system maintenance.
The banknotes are priced at $7.85 each, with a limit of "25 units" per household.
Collectors will want to mark their calendar and be on their toes for the sprint to place orders, as each of the previous $2 notes were sold out within hours.
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Thursday was sour for commodities. New York silver, gold and platinum futures fell 5.3 percent, 8.6 percent, and 4.1 percent, respectively. Silver not only broke the $10 barrier, for a time it was closer to $9. Gold ended the day above $800, but was as low as $791 per ounce. And not to be outdone, platinum is quickly approaching gold’s price.
Can it get any crazier? Well, there is oil to talk about…
The U.S. Energy Information Administration reported on Thursday that both crude and motor gasoline supplies increased for a third week in a row. November crude-oil fell another $4.69, or 6.3 percent, to close at $69.85 per barrel. Oil is at its lowest point in 14 months, and now down 52.5 percent since its high of $147 in July.
December silver fell 54 cents to close at $9.64 an ounce.
January platinum plunged $83.90 to end at $891.30 an ounce.
Gold for December lost $34.50 cents to settle at $804.50 an ounce.
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Four numismatic articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend collectors read them for their unusual or interesting content. Have you written or know of an article that should be highlighted on CoinNews? Please let us know! Here are today’s articles:
Godless Coins Real or Just an Urban Myth?
By Richard Giedroyc, World Coin News
Urban legends regarding coins and bank notes can be entertaining. I wrote about many of them in my 2004 book Superstition, Urban Legends and Our Money (PublishAmerica). Well, according to an Aug. 22 article appearing in The Grand Rapids (Mich.) Express newspaper, the recently released U.S. Andrew Jackson dollar coin has created an urban legend of its own. Some people apparently don’t understand that the legend “In God We Trust” appears on the edge rather than on the obverse or reverse.
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Sour Grapes
By Wayne Sayles, Ancient Coin Collecting Blog
My previous blog post heralded the appointment of Brent R. Benjamin to the Cultural Property Advisory Committee (CPAC) as a positive step in fulfilling the intent of the Convention on Cultural Property Implementation Act. Specifically, that is to provide a balanced perspective when evaluating requests from other nations for the imposition of import restrictions on cultural property. The eleven presidential appointments to CPAC come from diverse segments of society that are mandated by law…
Read ‘Sour Grapes’ »
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US inflation fell for the second consecutive month, dropping to 4.9 percent in September from a year ago, the Bureau of Labor Statistics reported Thursday. Consumer prices remained flat, although energy prices plunged and food prices increased.
Lower inflation generally makes inflationary-hedge investments in commodities like gold less attractive. And at least during Thursday early afternoon trading, the latest government report did not help with spot gold falling more than $45 as it neared a few quarters shy of $800 per ounce.
The CoinNews Inflation Calculator and rate charts with their updated figures show inflation’s drop using the government’s latest Consumer Price Index (CPI) data. By entering any two dates from 1913-2008 and then a dollar amount, the calculator measures the change in the buying power of the dollar over time.
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