May 2010

The Perth Mint’s 2010 Gold Proof Australian Sovereign marks the second year return to regular sovereign production for the Perth after a 78-year hiatus. These new strikes are composed of 22-carat gold and are sure to be hot among collectors not only for their gold content, but also for their limited mintage and for their [...]

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New York gold futures on Wednesday recovered a portion of their prior day losses despite a surging dollar that pressured other metals and helped drive crude oil to below $80 a barrel for a seven-week low. Gold usually falls when the dollar gains and oil retreats. European area debt concerns continued to dominate the news, [...]

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The United States Mint today published coin production figures for April 2010, and for the first time this year Jefferson nickels appear on the mintage boards. The US Mint also produced cents, dimes, quarters and Presidential dollars. Circulating Coins Minted in April Denver Philadelphia Total 2010 Lincoln Cents 135,200,000 149,600,000 284,800,000 2010 Jefferson Nickels 0 [...]

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Fund Feeding Frenzy Begets Fund Flight Good Morning, Yesterday’s metals price cratering certainly came as somewhat of a surprise to market watchers who were convinced that the morning rally in gold to very near the $1195.00 level was the harbinger of yet another day of robust gains, and one that might possibly bring bullion to [...]

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For some five centuries the River Danube formed an essential part of ancient Rome’s northern border against the barbarian tribes of Germania.

Austria 2010 20€ Rome On The Danube Virunum Silver Coin
Austria 2010 20€ Rome On The Danube Virunum Silver Coin
(Click coins image to enlarge)

The Austrian Mint’s new silver series called "Rome on the Danube" breathes life back into the ruined remains of the towns and forts that played such prominent roles in the life of the Roman Empire in Austria.

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New York gold futures fell below $1,170 an ounce on Tuesday as a surging U.S. dollar and plunging oil prices pressured the yellow metal away from five-month highs. Profit-taking was also a cited factor in pulling down prices. Other metals declined as well, with silver falling 5.3 percent, palladium dropping 6.0 percent and platinum retreating [...]

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In a mini surprise given their recent pace combined with a sellout announcement, 2010 Boy Scouts of America Centennial Silver Dollars took somewhat of a breather as they advanced in weekly sales by only 8,007. Although demand has been declining ever since their March 23 release, their weekly gains through most of April managed to [...]

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BEP $100 noteSecurity researchers discovered that the website for the Bureau of Engraving and Printing and associated "MoneyFactory Store" were hacked on Monday.

The attacker added instructions to the front page of both sites that would run a script to allow a Ukrainian-based system insert instructions that will allow someone to attack a user’s computer through the browser.

Currently, the BEP website (moneyfactory.gov, bep.gov, and bep.treas.gov) and the BEP’s online store (moneyfactorystore.gov) are off-line. The website used to support the launch the new $100 Federal Reserve Note (newmoney.gov) was not infected by this attack.

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The United States Mint will increase the price of First Spouse Gold Coins to better align them with the sustained and recent jump in gold prices. The US Mint typically adjusts coin prices, if needed, before noon ET on Wednesday. Last week prices remained unchanged, but only because the London Fix weekly gold average fell [...]

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Calling a Bubble With Swiss Precision Good Morning, Whatever ‘victory’ the Greek bailout is thought to represent for the euro (i.e. that a devaluation of its currency did not have to take place due to the very fact that it uses the common currency) it was certainly of the Pyrrhic variety, and it was obviously [...]

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