April 2010

Spectrum Numismatics had an 1882 $5 NGC PR63CAM cert #1519802005 go missing in a shipment. There were only 48 coins minted. Please contact Spectrum Numismatics at 949-955-1250 or toll-free at 888-828-2646 if you come across one either raw or slabbed. Thank you.

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The all-time finest set of Indian Head Eagles was among the first coins certified under the new PCGS Secure Plus (http://www.pcgs.com/secureplus.html) system. Known as "The Simpson Collection" and now added to the popular PCGS Set RegistrySM, the 32-coin set was assembled with the help of Laura Sperber of Legend Numismatics of Lincroft, New Jersey. This [...]

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In keeping with the annual tradition to mark Holy Thursday before Easter, Queen Elizabeth II handed out unique coins during the Royal Maundy Service that was held this year in Derby Cathedral in central England. Custom dictates that a monarch’s age is to be used to determine how many individuals are selected for the service [...]

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New York gold futures surged for a second straight day and to a two-week high on Thursday as a weakened dollar, positive manufacturing data, rallying oil and stronger risk appetite were among the cited factors in boosting the appeal for precious metals. In daily gains, gold rose 1.0 percent, silver soared 2.1 percent, and platinum [...]

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US Mint Sales Figures ImageThe newly released Boy Scouts Silver Dollars were off to the races earning headlines, but other United States Mint coins picked up in pace also last week according to the latest sales report.

Demand trended higher, with silver coins making the most noise as every US Mint silver product clamored with week-over-week gains.

The 2010 Boy Scouts coins reached 214,673 in less than a week. Collectors purchased 144,732 proofs and 69,941 uncirculated dollars. With a touch over 61% of the total allotted 350,000 mintage accounted for, it would appear these commemoratives are destined for a sell out.

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2010 American Silver Eagle Bullion Coin2010 American Silver Eagle bullion coins surged during the start and toward the end of March, capping the best United States Mint quarterly sales since the coin series debuted in 1986.

The latest sales figures, however, do not bode well for 2010-dated collector proof and uncirculated versions of the Silver Eagles. Collector coins carry the "W" mint mark, which is unlike the bullion versions that are available now and must be produced by the U.S. Mint in quantities to meet public demand. As long as that demand remains at unprecedented levels, this year’s collector options are at risk of cancellation as happened to the 2009s.

 

"Any time that we get ahead of demand, we are storing away blanks" for collector gold and silver coins. "If demand catches up, that’s when we have to use the blanks" for bullion coins, U.S. Mint Director Ed Moy explained during a public coin forum on Saturday, March 27.

 

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Bully Good Day, Gold prices held steady in the $1110-$1120 range overnight, but then again, so did the US dollar near the 81-mark on the index, while the euro followed suit and parked just under the 1.35 level once again. Dowry-related Indian demand was noted in the overnight hours, but little else was on offer [...]

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