October was explosive for US bullion coins. Unprecedented demand for gold and silver coins elevated the month with US Mint recorded sales levels that are either at or near the top of the all-time high charts.

Bullion American Gold Buffalo and American Silver Eagle coins enjoyed their best October ever.

For the Silver Eagles, more than double the amount were sold last month at 2,939,000, than in any previous October. The month also stands out as the time when 2009 became the best selling year ever for eagles — dating all the way back to their launch in 1986. The latest numbers pad the tally further with 23,406,500 delivered in the first 10 months of this year. Read the rest of this entry »

(Santa Clara, California) – The finest known 1907 Ultra High Relief Saint-Gaudens Double Eagle gold coin, insured for $5 million, will be displayed during the first three days of the Santa Clara, California Coin, Stamp & Collectibles Expo to be conducted November 19 – 22, 2009.

The show will be held in the Santa Clara Convention Center, 5001 Great America Parkway, where free parking is available.

"This magnificent-looking Ultra High Relief is graded PCGS Proof-69, and will be exhibited courtesy of Certified Assets Management of Wilmington, Delaware," said Ronald J. Gillio, Expo General Chairman.

"This famous coin was designed by renowned sculptor, Augustus Saint-Gaudens, at the personal request of President Theodore Roosevelt.  It was struck seven times to bring up all the beautiful features in the design.  There are less than 20 known surviving examples, and this is the finest.  There is no other example certified higher," said Bob Higgins, President of Certified Assets Management.

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Will Work For Less

Good Day,

Gold prices pushed higher overnight, breaking above the $1050 mark and touching a high near $1058 per ounce. The metal recovered from Friday’s indecisiveness and actually showed a bit of a de-couple from the dollar - while still rising in tandem with oil prices - and a return to contrary behavior against stocks as the Nikkei average slumped by 231 points during the nighttime hours. Today’s action - indeed, the rest of the week’s- will be punctuated by a plethora of US economic statistics and by the FOMC meeting’s results (even if only verbal ones).

A verbal nod - of sorts- was given to gold by an ECB official today, at the LBMA conference in Edinburgh, Scotland. While clearly dismissing the wishful thinking that gold will once again become the peg to which fiat currencies are to be anchored, the speaker highlighted that which we have said for years: that gold as a diversifier of risk, and as the insurance policy in the basement, has a role, and will continue to have a role. Just not the role that is being envisioned by the TEOTWAWKI crowd. NASDAQ reports that: Read the rest of this entry »