Good Morning, On a Monday morning when Ireland lost one figure from its previous Aa2 Moody’s rating, European CDS spreads widened, The IMF halted talks with Hungary on its deficit-cutting plans, and the country’s leaders refused to turn the austerity screws any further on its denizes, what happened? Well, what actually happened was that the [...]
A sharp drop in consumer sentiment and falling inflation helped take U.S. gold to its knees on Friday. The yellow metal was hit for its biggest one-day drop since July 1, accounting for nearly all of its 1.8 percent weekly loss. Other precious metals futures followed gold lower, erasing prior weekly gains. Silver fell 1.6 [...]
The American Numismatic Association’s 2010 Boston World’s Fair of Money offers some of the world’s most beautiful and famous coins, the nation’s top numismatists and a venue in the heart of one of America’s most historic cities. Held Aug. 10-14 at the Hynes Convention Center, the show features a spectacular Museum Showcase, the famous Ship [...]
US inflation over the last 12 months is the lowest since October as consumer prices slid for a third straight month, according to a government report released Friday. The Consumer Price Index, the most closely watched indicator of inflation, retreated 0.1 percent in June after a 0.2 percent dip in May, the Labor Department said. [...]
Good Morning, Livin’ in the USA cost less for a third consecutive month according to estimates offered by most economists surveyed by Bloomberg News. The drop in inflation underscores the reluctance of consumers to do what they do best as still-weak employment conditions continue to undermine their collective sentiment. Today’s CPI report is expected to [...]
Bowers and Merena Auctions, one of the world’s pre-eminent numismatic auctioneers, will host its 2010 Boston Rarities Auction on Saturday, Aug. 7 at The Castle at Park Plaza Hotel and Towers in Boston, Mass. The Bowers and Merena August Boston Rarities Auction will feature this Virgil Brand-F.C.C. Boyd-Cardinal specimen of the 1794 Flowing Hair Silver Dollar. Certified [...]
U.S. gold prices edged $1.30 higher Thursday as fresh economic worries and a weaker dollar helped spur the modest uptick. Other precious metals registered slight gains as well, with silver and palladium rising 0.4 percent and 0.3 percent, respectively. In both percent and dollars, platinum was the biggest winner with its $13.10, or 0.9 percent, [...]
The United States Mint today at noon ET issued the 2010 U.S. Mint Uncirculated Coin Set for $31.95. The 2010 Mint Set includes two folders of 14 satin finish, uncirculated coins. 2010 Mint Set includes 28 uncirculated coins The uncirculated set is traditionally the second most popular numismatic product released by the U.S. Mint each [...]
The United States Mint is not seeing a lot of action in numismatic coins as collectors take their traditional summer break from buying. U.S. Mint sales figures show that only four collector products experienced higher demand than the prior week –which was slow in itself, and those were related to older Presidential $1 offerings. Weekly [...]
Good Morning, Chinese economic growth slowed to record ‘only’ a 10.3% pace in Q2 (from a torrid 11.9% rate reported in the corresponding quarter of 2009) as the Beijing government’s efforts to contain things from boiling over appeared to take hold. Meanwhile, inflation in the country rose by 2.9% last month, following a 3.1% reported [...]