Daily Archives: November 11, 2009
Gold Hits Record Near $1,120/oz, Dow at 13-Month High
Gold futures soared to a fresh record high in New York on Wednesday, marking an eighth day of consecutive gains. Prices neared...
Ponterio & Associates 2010 Auction Schedule
IRVINE, Calif. -- Ponterio & Associates, Inc., the world and ancients auction division of Bowers and Merena Auctions, is thrilled to announce a very...
Coin News: $20 Gold Double Eagles, Fake Pound Coins
Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored...
One Penny Pushes US Mint Gold Coin Prices Higher
In ironic fashion, a single penny will push US Mint collector gold coin prices higher.
The UHR Gold Double Eagle will increase by $50 to $1,489, the newly released 2009 Gold Buffalo Proof Coins will jump $50 to $1,410 and First Spouse Gold Coins will rise $25 to $729 for the proofs and to $716 for the uncirculated options.
The US Mint uses a London Fix weekly gold average to determine whether to keep gold coin prices the same, or adjust them up or down. An upward adjustment seemed unlikely as the several day average as of Tuesday was well below the $1100 threshold that would trigger them. However, the Wednesday AM London Fix came in higher by over a dozen dollars to $1114.75 an ounce, which was exactly enough to tip the balance.