Gold dropped below $910 Wednesday as a firmer U.S. dollar pressured the yellow metal to a two-month low. Silver and platinum were hit even harder while oil tumbled to its own seven-week low. U.S. stocks rallied late to post slight gains.
In New York trading futures for bullion:
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Silver for September delivery dropped 36.8 cents, or 2.8 percent, to 12.852 an ounce.
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Gold for August delivery fell $19.80, or 2.1 percent, to $909.30 an ounce — the lowest for a most-active contract since May 5.
- October platinum declined $34.00, or 3.0 percent, to $1,101.80 an ounce.
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The latest batch of US Mint coin production figures are now available and they show several noteworthy changes in June. Lincoln cents jumped, quarters and Presidential dollars rose more modestly, and Jefferson nickels leveled out between mints.
Coin Production Totals by US Mint Facility - June Only*
|
Denver |
Philadelphia |
Total |
| Unidentified Lincoln Cents |
164,400,000 |
64,400,000 |
228,800,000 |
| Jefferson Nickel |
480,000 |
0 |
480,000 |
| Unidentified Quarters |
26,600,000 |
42,600,000 |
69,200,000 |
| Unidentified Presidential $1s |
14,280,000 |
41,020,000 |
55,300,000 |
| Total |
205,760,000 |
148,020,000 |
353,780,000 |
US Mint year-to-date coin figures are updated at the beginning of each month, enabling mintages to be calculated as they are above. Notice the increase in Lincoln Cents — especially from Denver.
The Mint has not yet said whether these numbers are for the upcoming Aug. 13 release of the Lincoln Professional Life penny or more of the Formative Years/Rail Splitter cents. If they are for the latter, the mintage in Denver will bounce to 363,600,000 and rise in Philadelphia to 376,000,000. Read the rest of this entry »
