June 2010

The U.S. government printed more money in May than in April, making it the second highest production month of 2010 behind leading March, according to figures from the agency responsible for manufacturing U.S. currency. The value of the banknotes produced in May, however, was the most of any month this year. The Bureau of Engraving [...]

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Yuan Me, Kid, We’re Gonna Be Flexible Good Morning, A new season is here, complete with new attitudes. China’s weekend announcement that it would give the yuan greater ‘flexibility’ quickly became the dominant financial news item and driver of many a market value. Certainly, that was the case if one took a glance at movements [...]

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U.S. gold closed to a record high for a second day on Friday, capping its fourth straight week of gains. The yellow metal rode a tide of safe-haven buying as weak U.S. economic data and continued European debt woes lifted uncertainty about a global recovery. New York gold for August delivery advanced $9.60, or 0.8 [...]

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2010 Boy Scouts Centennial Commemorative CoinThe 2010 Boy Scouts of America Centennial Proof Silver Dollar sold out Friday afternoon, with the United States Mint asking potential buyers to join a waiting list.

This procedure is normal for the U.S. Mint and has been utilized on past sell outs, like when the Boy Scouts Uncirculated Silver Dollars reached the same status on April 26, 2010.

Those joining the standby list will be sent the proof commemorative on a first-come, first-served basis, and only if a previous order is: canceled, returned or affected by a processing issue such as an expired credit card.

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US Mint Lincoln Coin and ChroniclesIt has been just over eight months since the United States Mint released the Lincoln Coin and Chronicles Set on October 15, 2009 to a ravenous group of buyers.

Initial day ordering was so high that many collectors experienced technical difficulties on the U.S. Mint’s online store and when calling in by phone.

Reports placed sales in the first five hours at almost 30,000 — an amazing number considering the mintage of the sets was capped at 50,000. Fast-forward 25 hours and all of the Mint’s inventory was marked as sold. New orders were entered on a standby "waiting list" to cover cancellations.

While the 30-hour sell-out was longer than some actually predicted, it showed the intense interest collectors and the general public had for the sets… and still do.

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Never A Dull Momentum Good Morning, The final trading day of the week commenced with the euro maintaining its recently acquired strength and the US dollar slipping a tad more on the trade-weighted index. More bravado was on tap from the EU in the wake of a Spanish move to publish stress-test results. The EU [...]

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New York gold prices ended up 1.5 percent on Thursday to close at a new record and flirted with its all-time intraday high of $1,254.50 an ounce reached on June 8. Other metals followed with their own gains. Silver jumped 1.8 percent, palladium advanced 1.3 percent and platinum rose 0.3 percent. In other news, crude [...]

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United States Mint fractional bullion American Gold Eagles sprinted out of the gate, while old and new Lincoln cents and annual collector sets jumped over their prior weekly sales with sharp gains. In the case of 2010 fractional Gold Eagles, pent-up demand was minimized by their much earlier launch as compared to the fiery 2009s, [...]

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The Creeping Art of Ultracrepidarianism Good Morning, You can count Spanish bond auctioneers among the few happy campers over in Europe this morning. The country’s 10 and 30-year sales of the debt instruments met with a warm reception albeit yields on the latter were up substantially from levels seen last month. Moreover, the country is [...]

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New York gold prices shifted slightly lower on Wednesday as a variety of factors to include profit-taking, increased risk appetite, and a stronger U.S. dollar were cited for the yellow metal’s $3.90 decline. Silver and platinum retreated the most as compared to the other precious metals. Each fell 0.7 percent. In other markets, crude oil [...]

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