December 2009

A $50,000 reward is being offered for information leading to the recovery of nine, stolen SS Central America gold ingots. Stolen SS Central America gold ingots – Click to Enlarge Dealers and collectors should watch for these gold ingots and their identifying markings:

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US gold futures finished higher Wednesday, rebounding from a seven-week low with the help of a falling dollar. The greenback retreated following news of weaker than expected new home sales. Silver and platinum advanced as well while oil jumped more than 3 percent to above $76 a barrel. US stocks rose slightly. New York precious [...]

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The United States Mint today revealed the final design images of the new 2010 First Spouse Gold Coins featuring the wives of Presidents Fillmore, Pierce, Buchanan, and Lincoln. These men will be depicted in 2010 on Presidential $1 clad coins while their spouses will be honored on $10 gold pieces.

2010 First Spouse Gold Coin Designs

The coins mark the fourteenth through the seventeenth to be issued in the series which began in 2007. The US Mint will produce collector proof an uncirculated versions. Each is struck in 1/2 ounces of 24 karat, .9999 fine gold. The new designs also will be featured on 1-5/16" bronze medals.

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Slim Pickings – Just The Facts Good Day, Following yesterday’s drop to seven-week lows near $1073, gold prices steadied a bit overnight as mild bargain hunting emerged on the back of the renewed decline. As for the midweek session, well, New York spot bullion trading opened on the indecisive side, with gold showing a $.20 [...]

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American Eagle Gold Bullion Coin2010 American Eagle Gold and Silver One Ounce Bullion Coins will go on sale beginning January 19, 2010, the United States Mint told its authorized purchasers on Tuesday.

In what can be described as roller-coaster of availability due to enormous demand for 2009 bullion Eagles, this news comes as an affirmation of at least an attempt by the US Mint to keep supplies available. The Mint, however, also states that the allocation process will be in place upon their introduction.

This is not surprising to most as the Gold and Silver Eagles have seen temporary suspensions this year and were under allocation through most of the first half of 2009. The most recent suspensions happened only last month, and the return of the one-ounce bullions was not seen until recently.

Fractional Gold Eagles also saw excitement. After having been in a release holding pattern for much of the year, the Mint issued 1/2, 1/4, and 1/10 oz sizes on December 3, 2009 to record sales. In a single day, the Mint recorded transactions bringing the numbers to a level near what was sold in all of 2008.

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One of the United States former Presidents will get three commemorative coins if a congressman gets his way. On December 16, 2009, US Rep. Robert J. Wittman of Virginia introduced legislation that would authorized the US Mint to strike commemorative coins in honor of the fifth President of the United States, James Monroe. The James [...]

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New York gold futures fell on Tuesday to a seven-week low as the US dollar again rallied. Propping the greenback up was a government report showing economic growth during the third quarter, and better than expected home sales data in November. In other metals, platinum declined while silver retreated slightly, reaching a low point of [...]

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The United States Mint is unlikely to cut numismatic gold coin prices for a second straight week, despite the continual decline in gold prices — now at the lowest levels since early November. The US Mint cut prices last Wednesday, Dec. 16, when the London Fix weekly gold average retreated under the $1,150.00 an ounce [...]

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Dollar Winter Fairy Tales Good Day, Following Monday’s give-up of Friday’s hard-fought gains, gold prices headed lower still in the early Tuesday trading hours. The yellow metal hit a fresh, six-and-a-half week low in spot levels, under $1085 per ounce. At least three culprits stood out in the suspect line-up like sore thumbs today as [...]

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OTTAWA, ON — The Royal Canadian Mint today released findings of third party reviews which fully accounts for the difference between the Corporation’s stock keeping records and the physical amount of precious metals on hand for the 2008 fiscal year.   "Last month, the RCMP concluded their investigation and established that no theft of gold [...]

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