November 2009

The US Mint has once again raised the prices on its collector gold coins due to the ever-increasing cost of gold. Utilizing a pricing grid that went into effect the first part of this year, the Mint ties the cost of the Gold UHR Double Eagles, the Gold Buffalo Proofs and the First Spouse coins [...]

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US Mint Sales Figures ImageFewer numismatic products are shouting out with noteworthy gains in the latest US Mint weekly sales report, but bullion coins are screaming along with the record highs in gold and silver prices.

More visible on collector’s radar were the debut of Zachary Taylor Presidential $1 rolls, clad US Mint Uncirculated Sets and US Mint Proof Sets, which are on a three week rise.

In fact, with the exception of the Lincoln and Silver Proof Set, all sets performed at least slightly better when compared to last week’s report.

US bullion coins burned the brightest, as the following highlights describe:

  • 2009 Buffalo Gold Bullion Coins hit 171,500 for the year, just 500 shy from matching all of those sold in 2008 — and the 2009s were released only on Oct. 15. The US Mint sold 26,000 during the last seven days alone, bringing the November total to 55,000.

  • 2009 American Eagle Gold Coins jumped up 49,500 in the same time frame for a November tally of 124,000. The month already ranks as the third best of the year.

  • 2009 American Silver Eagles are 7,000 away from reaching 26 million this year. Numbers soared 986,500 in the last seven days, reaching 2,586,500 for the month. November is ranking as the fourth best in 2009 with several days left to place orders.

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Hyperinflation. Of Sentiment Good Day, The figures mentioned in yesterday’s comment as possible betting markers in the on-going global gold roulette turned such bets into rich chips overnight, as the 75 level on the dollar index was once again breached, the euro pushed back to just above 1.50 against the greenback, and the $1175 level [...]

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(Orlando, Florida) — More than 100 coins from the all-time finest registry set of early U.S. half dollars in the PCGS Set RegistrySM will be displayed at the Professional Coin Grading Service booth, January 7 – 9, 2010, during the first three days of the Florida United Numismatists convention in Orlando. 1794 half dollar, PCGS [...]

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The Royal Canadian Mint has received written confirmation from the Royal Canadian Mounted Police (RCMP) that its thorough investigation into the unreconciled difference of gold and silver inventories at the end of the 2008 Fiscal Year does "not support further effort in the continuance of a criminal investigation into this matter." The RCMP letter is [...]

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New York gold futures advanced Tuesday for the eighth consecutive trading day despite a slightly stronger US dollar and tumbling crude oil prices. Silver and platinum retreated along with US stocks. New York precious metal figures follow: Silver for December delivery fell 15.5 cents, or 0.8 percent, to $18.455 an ounce. It ranged from $18.330 [...]

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Zachary Taylor Presidential $1 coins were ceremoniously launched today as a part of the events surrounding Zachary Taylor Appreciation Day and the 225th anniversary of his birth.   "Millions of Zachary Taylor Presidential $1 Coins will make their way into the hands of Americans who will see them and remember the life of former President [...]

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2009 American Eagle Gold Bullion CoinGold prices are ablaze. The yellow metal in New York on Monday hit a new all-time record of $1,174 an ounce, rising for a straight seven days.

During that same time frame, demand for 2009 American Gold Eagle bullion coins shot up as well. The latest United States Mint sales figures show another 46,000 of the one-ounce gold coins were sold to Mint authorized purchasers from Monday, Nov. 16, to Monday, Nov. 23.

That overshadows the prior seven day sales of the 31,500 reported on the 17th, the 29,000 cited on the 10th, and the 39,000 reported on the 3rd. November has been a bullish month. 106,500 have left US Mint inventories, bringing the year-to-date total to 1,176,000. By comparison, 860,500 ounces of Gold Eagle bullion coins were sold in all of 2008.

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(Fallbrook, California) – The Professional Numismatists Guild (PNG) has announced the next three dates in 2009 and 2010 for PNG Days, invitation-only events held in conjunction with major coin shows around the country.  Collectors can obtain complimentary invitations to attend from participating PNG member-dealers. The future dates include the first-ever PNG Day and PNG Share [...]

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Many have participated in a marathon, but does anyone know the origins of the race? The Perth Mint is issuing a coin that is not only highly collectible, but should answer that question. The Pheidippidis’ Marathon Run 2,500th Anniversary 490BC-2010 Silver Coin has been released to mark the 2,500th anniversary of what many believe to be the run that started it all.

Pheidippidis' Marathon Run High Relief Silver Coin
Pheidippidis’ Marathon Run High Relief Silver Coin – Click to Enlarge

The story starts back in 490BC. The Greeks were embroiled in the Persian War. King Darius I of Persia sent an army to Greece in the area of Athens and Plataea to gain control of the people and the land. The Persian fleet landed at Marathon Bay and prepared for battle.

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