July 2010

Gold settled higher for a third day on Friday, as bargain hunters stepped in on expectations prices would ultimately rise following a 5.0 percent loss in July — the biggest monthly decline since December. "People are trying to add to holdings of gold at a sale price," Zachary Oxman, managing director at TrendMax Futures, said [...]

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Effective August 1, 2010, Professional Coin Grading Service (PCGS) will begin offering "Plus" (+) designations for all qualified coins submitted in the Regular, Express and Walkthrough service levels. The enhancements for these services will be offered at no additional charge. "The introduction of PCGS Secure Plus™ three months ago has dramatically changed the grading landscape," [...]

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A nearly 2,500-year old silver coin of Rhegion, an ancient Greek city located in would become Italy, is expected to bring upwards of $25,000 at the Heritage Signature® Auction of Ancient and World Coins at the ANA World’s Fair of Money in Boston, Thursday, Aug. 12, starting at 6 p.m.

Ancient Tetradrachm Coin

The silver tetradrachm – lot number 20007 – a coin about the diameter of a quarter but much thicker and heavier, depicts the stylized head of a lion on the obverse and a profile portrait of Apollo, Greek god of wisdom and enlightenment, on the reverse. It was struck between 415 and 387 BC, a time when the Greek cities of Italy and Sicily were competing with each other and with Carthage in North Africa for control of the western Mediterranean.

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Good Morning, Gold prices made modest advances overnight, ahead of the release of the US GDP data this morning as more tentative buyers emerged following the precious metal’s largest monthly for of the current year. Almost at the same time, and as a few funds made a fresh foray into the market, physical gold buyers [...]

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U.S. gold prices rose $8.80 on Thursday as the dollar fell to a three-month low and sparked a bout of bargain buying. Other precious metals advanced with gold. Silver added 1.0 percent, platinum climbed 1.4 percent and palladium jumped 4.8 percent. In other markets, the weakened dollar also spurred crude oil to close higher for [...]

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US Mint Sales Figures Image The United States Mint reported a second week of rising sales, as the 2010 Proof Set attracted buyers en masse and cheaper prices lifted gold coin products.

Proof gold Buffalos rallied higher for a second straight week, and demand climbed for all eight First Spouse Gold Coins — that has not happened since the beginning of June when the Jane Pierce options were issued. There may be other reasons in play, but their price cuts last Wednesday were a factor.

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Good Morning, Another overnight period of tight trading ranges and agonizingly slow business unfolded ahead of Thursday’s New York session opening. Gold was confined to an $1162.50-$1170.40 price channel but gyrated mainly around the $1165 figure while the now familiar pattern of lack of interest among European and N. American buyers being offset by sporadic [...]

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The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization’s By-Laws. "The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin ‘doctoring’ means, but it’s a difficult [...]

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Numismatic Theatre, a popular part of the American Numismatic Association’s convention education programs, has been finalized for the 2010 ANA World’s Fair of Money, Aug. 10-14 in Boston. Numismatic Theatre consists of 30-40 minute presentations given by ANA members on a wide range of topics. Presentations will be held Aug. 11 and Aug. 13-14 in [...]

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DALLAS, TX — A very rare New Hampshire Colonial Copper printing plate — long believed to have been engraved by Paul Revere, but now known to have been engraved by John Ward Gilman — dating to June 20, 1775, is one of the principal highlights of the Heritage Auctions’ Signature® ANA Currency Auction, Aug. 11-16, [...]

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