November 2008

Precious metals were again mixed for the week. Gold edged up for the month in New York by an impressive 14 percent, its biggest percent rise since September. However, London gold — used as a benchmark for immediate delivery — lost 0.3 percent, although London silver and platinum gained 0.8 percent and 5.0 percent respectively. [...]

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U.S. Mint releases 2009 Native American $1 Coin design on Native American Heritage Day

The United States Mint on Friday helped to celebrate Native American Heritage Day by unveiling the design image for the new 2009 Sacagawea $1 coin, officially entitled the "Native American $1 Coin." The dollar will begin circulating in January along with the first 2009 Presidential $1 Coin.

2009 Native American $1 Coin design

The new reverse designed by U.S. Mint Sculptor-Engraver Norman E. Nemeth depicts a Native American woman planting seeds in a field of corn, beans and squash. The scene represents the Three Sisters method of planting.

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2008-W American Eagle Platinum uncirculated coins were again the big U.S. Mint movers. Since last week’s figures, one-ounce sales surged 46.5 percent to 980 coins. They are now the last standing coin in the series after sales of the one-half ounce size spiked to 18.5 percent and sold out on Monday. Double-digit percent rises were [...]

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Precious metals moved lower Wednesday as the U.S. dollar showed strength, and despite rising oil. New York silver, gold and platinum futures fell 0.5 percent, 1.2 percent and 0.2 percent, respectively. January crude-oil recovered from Tuesday’s losses, gaining $3.67, or 7.2 percent, to close to $54.44 a barrel. The average price for unleaded gasoline declined [...]

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Martin Van Buren’s Liberty First Spouse gold coin and a bronze medal replica are now available from the United States Mint. The 1/2-ounce gold proof and uncirculated versions are priced at $549.95 and $524.95, respectively. Both have a face value of $10, are composed of 24-karat gold, and have an overall mintage limit of 40,000.

Martin Van Buren First Spouse gold coin

A bronze medal bearing the likeness of Van Buren’s Liberty coin is also available for $3.50.

Dubbed "The Red Fox of Kinderhook" for his red hair, political acumen and birthplace in New York, Martin Van Buren was the eighth President of the United States. America was prosperous when Van Buren took office, but less than three months later the panic of 1837 occurred and was quickly followed by a five-year depression. Van Buren was voted out of office, making him the third president to serve only one term.

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Gold Down as Oil Tumbles

by CoinNews.net on November 25, 2008 · 0 comments

Gold moved slightly lower Tuesday as oil plunged. The yellow metal fell for the first time in five sessions following Monday’s 9.2 percent surge. New York gold futures dropped 0.1 percent while silver declined 0.8 percent. Platinum managed to climb 0.6 percent. January crude-oil gave up most of its earlier gains, falling $3.73, or 6.8 [...]

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With only a dozen exceptions, all the paper items in a Florida collector’s home safe were destroyed or damaged by intense heat during a house fire.  The only papers that survived unscathed were 12 bank notes inside PCGS Currency holders, including two 1907 $10 Gold Certificates.

1907 $10 Fr. 1171 banknote

"There were eleven large size and one small size PCGS Currency-certified notes recovered from the fire earlier this year.  The holders were sooty and some had blisters and discoloration on their surface, but the notes inside all survived without damage," said Laura A. Kessler, Vice President of PCGS Currency, a division of Collectors Universe, Inc. (NASDAQ: CLCT).

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Paper money collectors can enjoy peace of mind with guaranteed receipt of all 12 “We the People – Series 2004A $10 Collection” notes by joining the Bureau of Engraving and Printing’s (BEP) newly launched subscription program for $359.40. In addition to the guarantee, collectors will save $60.60 off the cost of purchasing each of the [...]

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High demand has depleted all but the American Eagle Gold and Silver one-ounce coins from its 2008-dated bullion coin inventory, the United States Mint told authorized dealers in a memo Monday. Further, the Mint said it will delay the launch of other bullion coins until later in 2009, citing difficulties in acquiring blanks.   "The [...]

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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. Here are today’s articles: Century Later, Gold Coin Reflects Sculptor’s Vision By Matthew Healey, The New York Times With the push of a button and [...]

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