US Mint American Silver Eagle sales have already scored their best ever January. Who would have thought? After all, there is still a full week left in the month. On top of that, the bullion coins are rationed, they were unavailable for seven days, and U.S. silver futures tumbled 8.1 percent last week (6.7 percent in London).
Yet, January 2010 is now in the history books. It is the best starting month of a year for the series that dates back to 1986. Despite all the aforementioned obstacles, authorized buyers scooped up 3,090,500 Silver Eagles from the United States Mint as of Friday, Jan. 22.
January is a traditionally strong month for these always popular coins, with over one million in sales registered in all but two years since 1999. Making this year’s three million plus start all the more impressive is the fact that even reaching the two million mark would have been historical. That happened only once before in Jan. 2008.
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Precious metals plunged this week as prices began tumbling Wednesday as the US dollar advanced on investor concerns over China-curbed lending. The metals suffered another blow on Thursday following President Obama’s proposal to increase bank regulations as a means to limit their risk-taking. These two factors were commonly cited as reasons for pulling down other [...]
The United States Mint today at noon ET began selling 2010 Native American Dollar Rolls for $35.95. Available are rolls filled with $1 coins struck from either Philadelphia or Denver. Each roll is "wrapped with specially designed yellow and black paper" and contains 25 coins. The Native American dollar features a new reverse theme each [...]
"V" For…Volcker" Good Morning, Precious metals continued to struggle overnight, albeit a slight rebound was attempted in gold as the US dollar eased following perceptions that President Obama’s plan to rein US banks in could dent demand for US assets (the greenback among them). Very mild physical buying emerged overseas, as would-be owners ponder whether [...]
Held as part of the 38th annual New York International Numismatic Convention (NYINC), A.H. Baldwins & Sons New York Sale proved to be a welcome move away from the subdued bidding of 2009. Lot 251, a Constantinus II Solidus, Treveri, which achieved $34,500 USD at 2010 NYINC Auction (Click image for more information) The majority [...]
The American Numismatic Association is accepting applications for two summer internships at its headquarters in Colorado Springs. Young collectors, college or graduate students and numismatic professionals who are ANA members are encouraged to apply. One applicant will be selected for The Harry W. Bass Jr. Numismatic Internship, and will conduct original research using ANA resources [...]
To celebrate a 3,250 kilometer expedition to cross Australia’s frontier back in 1860, both mints from Australia have released commemorative coins. The Royal Australian Mint issued the 2010 Burke and Wills Expedition 150th Anniversary 20c and $1 Australian Coins. In further celebration, The Perth Mint of Australia is commemorating the historic journey with its own [...]
New York gold futures fell for a second straight day and to a three-week low as the US dollar rose against other currencies. The yellow metal retreated to below $1,100 an ounce before settling just above the mark, but still registered a 0.8 percent loss on the day. Silver and platinum declined 2.1 percent and [...]
In what has become almost a weekly routine of late, the United States Mint again reported unimpressive sales according to their latest figures. A few bright spots did emerge, however. The most impressive gains come not from a numismatic item, but from the US Mint’s bullion coins. Recall that the bullion 2009 American Silver Eagles [...]
New York gold futures fell the most in a month on Wednesday as the US dollar rallied against other world currencies. Concerns over China curbed lending was commonly cited as a catalyst for the greenback’s rise, and also for the day’s falling US stocks. In other commodities, silver plummeted more than 90 cents to fall [...]
