October 2009

The October 22nd episode of Coin Chat Radio starts off with a short edition of "What’s In the News" with Bob Van Ryzin. The topic discussed this week was the release ceremony for the US Virgin Islands Quarter that occurred on October 9th in St. Thomas. The event was hosted by Deputy US Mint Director [...]

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Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost [...]

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A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

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Legislation seeking to recognize and celebrate the establishment of the Medal of Honor was approved in the U.S Senate Thursday by Unanimous Consent. The bill, H.R. 1209, passed in the U.S. House of Representatives back on May 14, 2009. Following a procedural clearance step, the Medal of Honor Commemorative Coin Act of 2009 will make [...]

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Four numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles: The Great Branch Mint Gold Popularity Contest of 2009 Doug Winter | RareGoldCoins.com I [...]

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Winter Park, Florida — Daniel Frank Sedwick, LLC held their 6th overall and 2nd fully live internet auction of numismatic and shipwreck treasures on October 15-16, 2009, realizing a record price of over $1.6 million* in 2082 lots. Featured in the sale were coins and artifacts and printed materials from around the world, including the [...]

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Gold declined nearly $6 Thursday, breaking away from a four-day winning streak as the US dollar gained ground. Silver and platinum also fell, as did crude oil which retreated from a one-year high. US stocks rallied on positive news from several corporate earnings reports. New York precious metals figures follow: Silver for December delivery fell [...]

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The United States Mint today said the 2009 American Buffalo Gold Proof Coin will launch on Thursday, October 29, at noon Eastern Time. The release date is not surprising since it was tentatively announced earlier this month. What is nearly shocking is that there will be "no mintage or household order limit for this product." [...]

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US Mint Sales Figures ImageUS Mint sales once again look attractive following a week when collector interest in most coins dipped. Demand is strong for both silver and gold bullion coins, as has been the case for much of the year. The newly released Gold Buffalo coins were most impressive.

In other notables, Ultra High Relief $20s finally topped the 100K barrier, and the Lincoln Chronicles set shot off Mint shelves to the tune of 50,000 in 30 hours. Collector silver coins and sets also held their own, enjoying better than normal weekly gains. These and other highlights follow:

  • UHR Double Eagle Gold Coins hit 100,704 since their release on Jan. 22. Weekly sales picked up by 1,913 compared to prior 1,172.

  • As expected, although not on the first day like many anticipated, the Lincoln Coin and Chronicles set sold out. The maximum 50,000 were scooped up within 30 hours. Standby orders are now in affect. Also in the Lincoln family line, the Lincoln Proof Set climbed by 10,921.

  • Passing through their haze, Presidential Dollar Proof Set and 2009 Silver Proof Set increased by 2,872 and 12,306, respectively. Both sets were knocked down with negative adjustments in last week’s report.

  • All Braille silver coin products improved. Another 3,277 of the Braille Education Sets were purchased to bring the total up to 5,996. The proof silver dollars unexpectedly jumped 1,445 — the first time they’ve experienced weekly gains of over 1,000 in more than five weeks.

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On October 17th, 2008, SilverCoinsToday.com offered its first online article describing the addition of a silver coin melt calculator. From that simple announcement one year ago, Silver Coins Today has grown to become CoinNews Media Group’s fourth largest website, attracting more than 21,000 unique visitors a month. While the various country coin calculators are always [...]

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