January 2010

US gold futures rose for a second straight day on Thursday as the US dollar was pressured lower by a round of disappointing economic news, including an unexpected fall in retail sales of 0.3 percent in December. Gold typically moves in the opposite direction of the greenback. In other commodities, silver and platinum also gained [...]

{ 0 comments }

The Royal Canadian Mint’s Winter 2010 Collection is here! The Mint has just released its first new collector coins of 2010, choosing the distinguished celebration of the Canadian Navy’s centennial as the theme of its 2010 Silver Dollar.

2010 Canadian Navy Centennial Silver Dollar
Canadian Navy Centennial Silver Dollar – CLICK IMAGE TO ENLARGE

This flagship of the Mint’s annual collector coin program is joined by the newest editions of annual releases consisting of $100, $200 and $300 face value gold issues, as well as proof, uncirculated and specimen coin sets featuring popular icons of Canada. Starting with the ever-popular annual proof set, the Royal Canadian Mint is pleased to share insight into the winter collection through a series of special CoinNews articles over the coming weeks.

Read the rest of this numismatic news article »

{ 0 comments }

US Mint Sales Figures Image US Mint numismatic coin sales dipped, marking the third general weekly decline in four weeks. The excitement level of the 2009-dated coins is waning as eyes begin to turn toward upcoming series, like the America the Beautiful Quarters products, 2010 Lincoln cent and 2010 silver dollars — especially the Boy Scout commemoratives.

Sales were not completely sour. Last week’s rising gold and silver prices were beneficial to most US Mint precious metal products. Momentum picked up for American Eagle Gold and Silver bullion coins, the proof American Buffalo Gold piece, and several First Spouse Gold Coins. Highlights from the most recent United States Mint sales report follow:

  • Final sales figures for the UHR $20 Double Eagle Gold coin are now known. During their availability from Jan. 22 to Dec. 31, collectors purchased 115,178 of the 24-karat, .9999 fine gold coins.

  • 2009 American Silver Eagle Bullion coins sold out earlier this week. In total, 29,134,000 left US Mint inventories, earning the 2009s first place in annual and overall sales across every other eagle dating back to the series launch in 1986. Companion 2009 Gold Eagle Bullion coins jumped 14,000 during the last seven days, bringing their January sales to 20,000. The Mint will not offer them much longer. Tuesday is the scheduled release for the one-ounce 2010-dated eagles — both gold and silver.

  • Read the rest of this numismatic news article »

     

    { 0 comments }

IRVINE, Calif. – Bowers and Merena, America’s premier rare coin and currency auction house, kicked off what promises to be an exciting year with its January 2010 Orlando Rarities Sale. This 1879 Judd-1635 Flowing Hair Stella certified Proof-66 Cameo by NGC realized $182,500 – CLICK IMAGE TO ENLARGE The sale, with nearly 1,000 lots of [...]

{ 0 comments }

New York gold futures on Wednesday advanced for the third time in four days as the US dollar was pressured lower on expectations that the Fed would hold interest rates low for some time. The yellow metal on Tuesday had dropped the most in three weeks on profit taking and news of China clamping down [...]

{ 0 comments }

2009 Ultra High Relief (UHR) Double Eagle Gold coinThe 2009 Ultra High Relief (UHR) Double Eagle Gold coin was launched by the United States Mint on Jan. 22, 2009. It was the most talked about gold coin of the year.

The 24-karat, .9999 fine gold piece was digitally reproduced from Augustus Saint-Gaudens’ original ultra high relief 1907 Double Eagle. The modern versions equaled the beauty of the original strikes, and elicited buying action from those who could justify the expense.

Coin collectors were given until 3 PM ET on Dec. 31, 2009 to place an order for the one-year-only issue. How many were sold through 2009 is now known. A US Mint spokesperson confirmed on Tuesday that the final sales number is 115,178.

The UHR $20s were originally offered on January 22, 2009. They were white-hot in their first day, with a blazing 28,173 sold. What makes that number more astonishing is the fact that the Mint had a household order limit of one in place. And at the $1,189 price upon their introduction, representing a premium of over $300 above the melt value of the gold within each coin, the picture of demand becomes more impressive.

Read the rest of this numismatic news article »

{ 0 comments }

2009 Lincoln Presidency CentThe last of the four redesigned 2009 Lincoln Cents is by far the most scarce, final production figures from the United States Mint reveal.

The Denver and Philadelphia Mints struck 198,000,000 and 129,600,000 Presidency cents, respectively, for a total run of 327,600,00. The level is nearly half that of the second least minted penny, the Lincoln Birthplace bearing the log cabin design.

2009-P Lincoln Presidency cents rank as the most scarce of the group, directly followed by the 2009-Ds, as the following table illustrates:

Read the rest of this numismatic news article »

{ 1 comment }

New York gold futures slumped 1.9 percent on Tuesday after surging to a one-month high on the day prior. Profit taking and news of China clamping down on its monetary policy were cited reasons for the decline in the yellow metal’s appeal. Other commodities retreated as well, with silver plunging 2.4 percent, platinum falling 0.9 [...]

{ 0 comments }

American Eagle Silver Uncirculated coin2009 American Silver Eagle Bullion coins have sold out, the United States Mint announced late Tuesday morning. The remaining inventory was depleted earlier in the day, leaving Silver Eagles on the sidelines until Jan. 19.

The US Mint reconfirmed today that the 19th is still the scheduled launch time for 2010 American Eagle gold and silver one ounce bullion coins.

Unprecedented demand delayed the new year dated coins, which are usually minted in late November, sold to Mint authorized purchasers in late December and made available to an eagerly awaiting public in early January.

The enormous demand was also responsible for the cancellations of the 2009-dated proof an uncirculated versions, which extremely upset the collecting community.

Read the rest of this numismatic news article »

 

{ 4 comments }

An awed hush fell over the Platinum Night bidding floor of Heritage Auctions’ Orlando FL FUN U.S. Coin Auction on Thursday, Jan. 7, as "The Olsen Specimen" 1913 Liberty Nickel, PR 64 NGC, lived up to its billing as the most famous American coin by bringing a jaw-dropping $3,737,500. This figure is tied for the third-largest sum ever paid at auction for a single U.S. coin.

1862 Republic gold 50 Francos 1862-GJ, KM-Pn10, AU55 NGC
1913 Liberty nickel, PR64 NGC, CAC realized $3.73 million – Click image to visit Heritage Auction page for additional information

With the 1913 nickel, Heritage sold three $1 million+ U.S. coins in the auction, only the third time this has ever been done in a single event, all by Heritage, and this auction is the first time that all three coins hammered above the $1,000,000 mark.

The most famous of the five known Liberty Nickels was the principal highlight in Heritage’s $36.5 million+ U.S. Coin Auction, which itself is the principal component of Heritage’s $53 million January 2010 numismatic auctions, collectively composed of U.S. Coins and Currency at Orlando FUN and the NYINC World Coins Auction, which realized $11 million+ over the first weekend of the new year. All prices include 15% Buyer’s Premium.

Read the rest of this numismatic news article »

{ 0 comments }