Gold dropped Monday to below $1,000 an ounce, after breaking through the barrier on Friday for the first time since March 2008. New York silver, gold and platinum futures declined 0.3 percent, 0.7 percent and 1.5 percent, respectively. Oil fell 4.0 percent while the Dow and S&P 500 hit lows not seen since 1997. April [...]
US Mint gold coins have been selling like hot cakes. The American Eagle 2008 inventory is nearly exhausted. Only the 1/2 oz 2008-W Eagle Gold Uncirculated coin remains. And outside the already released 2009 UHR $20 Double Eagle, there are no Mint signs for when 2009-dated collector gold coins will launch. With these circumstances and [...]
25-coin rolls of 2009 William Henry Harrison Presidential $1 Coins are now on sale at the United States Mint for $35.95, plus $4.95 for shipping and handling. Sales kicked-off Thursday, three days after the Mint ceremoniously launched the coins from Harrison’s old Virginia home at the Berkeley Plantation. The coins are available with the Denver [...]
Precious metals surged forward with New York gold rising above $1,000 Friday for the first time in nearly a year. For the week, the London gold fixing gained 5.7 percent, silver jumped 6.8 percent and platinum climbed 2.9 percent. The Dow lost 6.2 percent, the S&P declined 6.9 percent and the Nasdaq fell 6.1 percent. [...]
Following five months of consecutive declines, consumer inflation climbed in January at the same time annual inflation stood flat for the first time since 1955, the Labor Department reported Friday. Consumer prices in January rose 0.3 percent. The increase is due mostly to higher energy costs, which jumped 1.7 percent and were led by a [...]
The one-quarter ounce 2008-W Uncirculated Gold American Eagle Coin sold out Thursday and just a day after the one ounce size.
The US Mint price guide reveals 6,203 of the 1/4 oz coins were purchased by collectors, plus the 2,997 included in the 4-coin set. The final tally will likely be reported next week.
Sales had settled down based on the most recent figures. The option showed a 0.6 percent increase following a 48.1 percent surge from the week prior.
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A new international partnership has been established between the Professional Coin Grading Service (PCGS) and the New Zealand Mint, one of the first world mints to adopt the .9999 standard for gold coin purity. Under the agreement PCGS will grade selected examples of the mint’s new commemorative and bullion issues, such as the gold Kiwi [...]
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: Classic Head Gold: An Update By Doug Winter, RareGoldCoins.com I frequently write about the state of the market as it pertains [...]
Precious metals stepped back Thursday with gold falling for the first time this week following a 7-month high. New York silver, gold and platinum futures declined 2.5 percent, 0.2 percent and 2.0 percent. In other news, U.S. stocks faltered as the DOW slid to a 6-year low and oil surged 14.0 percent as crude inventories [...]

The US Mint is left with two 2008-W American Eagles gold coins in the uncirculated collector series inventory. The 1 oz option sold out Wednesday. Sales were respectable with an increase of 799, or 9.3 percent.
The biggest jumper in the series was the 1/4 oz option, rising 11.4 percent. The 1/4 oz size settled down with an increase of just 0.6% following last week’s reported surge of 48.1 percent. After the current inventory is exhausted, these two coins will not be sold by the Mint again.
2009 Ultra High Relief $20 Double Eagle gold coins moved nicely, rising by 2,579, or 5.7 percent. Collectors have now purchased 47,999 UHRs since they went on sale Jan. 22.
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