July 2010

Stress test results of the European banking system were revealed Friday. Markets took their queue, moving firmly as the data indicated major banks could weather the storm of a double-dip recession. U.S. stocks rallied as the news was coupled with better-than-expected corporate earnings. The major indexes added to weekly gains that ranged between 3.2 percent [...]

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The recent hearing on "The State of U.S. Coins and Currency" by the House Subcommittee on Domestic Monetary Policy and Technology yielded another interesting sub-topic aside from the increased chance for 2010 Silver Eagle proofs previously mentioned on CoinNews. In fact, this topic proved to be a bit more contentious than the eagles as it [...]

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Good Morning, Friday’s metals market action started off with nice gains across the entire complex. Although no significant shifts took place in euro (@ $1.289) or US dollar (@ 82.55 on the index) players appeared eager to undo the five-day long string of sub-$1200 price settlement days and the five-week long overall price downdraft in [...]

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Wednesday, the U.S. government released the first in a series of educational videos, amplifying public education efforts for the new $100 note, which will begin circulating on February 10, 2011. The public education program kicked off in April with the unveiling of the new design for the $100 note and the launch of a new [...]

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Prices were cut late Wednesday afternoon for First Spouse Gold Coins and American Buffalo Proof Coins to better match the recent gold decline. According to the U.S. Mint’s gold pricing criteria, if the London Fix weekly gold average between Thursday AM and Wednesday AM moves out of the current range and the Wednesday PM price [...]

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U.S. gold futures prices rose $3.80 Thursday, marking a third straight day of gains. The yellow metal moved in concert with rallying commodities, but stayed below $1,200 an ounce. Silver and palladium posted gains as well, rising 1.8 percent and 1.1 percent, respectively. Platinum, however, edged slightly lower. In other markets, crude oil prices soared [...]

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The Professional Coin Grading Service eStore (www.PCGS.com/store) now is accepting PayPal as payment for purchases of PCGS products and services. The eStore offers Collectors Club memberships, subscriptions to PCGS CoinFacts™ and the PCGS Online Population ReportSM as well as hobby supplies.   "We are committed to the best customer service possible. PayPal is a convenient, [...]

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The United States Mint 2010 Proof Set went on sale today at noon Eastern Time for $31.95. 2010 Proof Set includes 14 proof coins Based on historical trends, more collectors will buy it than any other set this year, including the uncirculated 2010 Mint Set that was released exactly one week ago and opened with [...]

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US Mint Sales Figures ImageDemand picked up last week for American numismatic coins as compared to the prior United States Mint sales report which showed just four products registered week-over-week gains.

The latest round of numbers have all but ten U.S. Mint products surpassing prior sales, with seven of those coming from smaller Presidential $1 coin offerings.

The bigger dollar items that fell lower were three of the eight First Spouse Gold Coins — both Jane Pierce Fillmore $5 gold coins retreated, as did the proof Margaret Taylor. Prices for all coins in the series were adjusted lower by $25 late Wednesday afternoon, which should help lift their numbers this week.

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Good Morning, Gold prices slipped back under the $1190 level on the heels of yesterday’s deflation-tinged remarks by Fed Chairman Bernanke and ahead of the release of European bank stress test results tomorrow. The metal appears caught between those who attempt to load up on some ounces at levels they perceive as relative bargains, and [...]

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