May 2010

Platinum Goal Rush? Good Morning, Global equity markets sagged overnight as apprehensions about a zonal slowdown in Europe undermined investor appetite for taking much if any risk. The European debt crisis remained front and centre on global market stages as the IMF presses Spain for further budget cuts and what it called a ‘labour overhaul.’ [...]

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BEP Production FiguresThe U.S. government printed less money in April than in March, but more than any other month in 2010, according to the agency responsible for manufacturing U.S. currency. The value of the notes produced in April was also the second highest month this year.

The Bureau of Engraving and Printing (BEP) on Thursday released the latest production figures for April which show it made $1s, $5s, $20s and $100s — the same denominations as in March and February. $10s and $50s have not been printed since since June 2009.

Combined, the BEP produced 519,136,000 banknotes that had a total value of $21,735,680,000. By comparison, March figures were 605.952 million notes for over $22.138 billion. February figures came in at 504.476 million notes for just over $14.098 billion, while January registered 487 million notes worth slightly more than $14.1 billion.

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Strippers Strut Their Stuff While Diggers Dig In Good Morning, Bullion prices snapped back from a five-session losing streak as the opening of Monday’s overseas markets brought with it a weaker euro and renewed worries about the fate of the same. Albeit parts (Germany, Switzerland) of the Old World (and the Canadian part of the [...]

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Bowers and Merena, the world’s preeminent auctioneer for rare coins and currency, will conduct the Official auction of the June 2010 Whitman Coin & Collectibles Baltimore Expo. This 1930-S Double Eagle is one of nearly 3,500 U.S. coin rarities up for auction at the June 2010 Baltimore Expo (Click to Enlarge) Scheduled for June 16-20, [...]

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Markets settled somewhat calmer on Friday, with stocks rising and declines in commodities tempered. However, the week as a whole was disastrous, with Europe’s debt crisis rattling financial sectors and fostering concerns over a global recovery and demand for industrial metals and oil. Gold’s weekly decline was the largest in nearly 15 months. Palladium and [...]

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2010 American Eagle Gold Bullion CoinPrecious metals had a disastrous week, yet U.S. Mint authorized buyers ordered more bullion American Eagle coins during the third week of May than in each of the prior weeks when metals were rallying.

New York gold prices finished lower for the fourth consecutive session on Friday, with June futures tumbling to $1,176.10 an ounce, plummeting 4.2 percent this week.

U.S. Mint one-ounce American Gold Eagles, however, soared. The coins advanced 67,000 this week, as compared to a 31,000 increase during the second week of May and a 41,500 gain during the first week. May sales on Friday reached 139,500, bringing the Gold Eagles to 471,000 for the year.

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Coin Legislation on Capital BuildingThe U.S. House of Representatives on Thursday, May 20, passed the 5 Star Generals Commemorative Coin Act.

Should the act become law, the United States Mint would strike 50-cent clad, $1 silver and $5 gold commemorative coins featuring America’s Five-Star Generals who taught or studied at the U.S. Army Command and General Staff College (CGSC).

The coins would get minted for the year 2013, and include portraits of Generals George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry "Hap" Arnold, and Omar Bradley — each led U.S. forces to victory in World War II and were alumni of the CGSC.

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The United States Mint on Thursday afternoon officially announced that the 2010 US Mint America the Beautiful Quarters Silver Proof Set will launch on May 27 at noon Eastern Time (ET) for a price of $32.95.

2010 US Mint America the Beautiful Quarters Silver Proof Set

The set is the second of the year to feature the first five America the Beautiful Quarters™. The first was the clad 2010 proof version issued on May 13, 2010, for a price of $14.95. The debuting sales figures for these were released by the Mint on Wednesday.

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Cash as Kin Good Morning, Erosion in precious metals values continued overnight as gold was headed for its largest weekly fall in 15 months. Yesterday’s price rout capped the biggest decline in twelve years in palladium and the most significant drop in platinum in over seventeen months. Lest we think this complex was the only [...]

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Ottawa, Ontario — A cousin of T-Rex is on the loose as the Royal Canadian Mint rolls out a new dinosaur collector coin just in time for the Canadian Museum of Nature’s long-awaited re-opening and centennial celebration weekend, from May 22 to May 24, 2010. The Mint has taken this coin’s life-like motion of its [...]

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