August 2010

All 10,000 of the newly released 2010 Proof Platinum American Eagles have been purchased. Still interested buyers will now see the U.S. Mint’s "Waiting List" option when visiting the coin’s online information page.

Platinum Eagle Proof Coin

The list feature has become a staple for newly sold out products, providing an opportunity for the Mint to fulfill standby orders if older orders are canceled.

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A new $1 coin launched into circulation today that honors James Buchanan, America’s 15th commander-in-chief. The release was commemorated by the United States Mint as it unveiled the James Buchanan Presidential Dollar in a ceremony on the grounds of Wheatland, Buchanan’s home, in Lancaster, Pennsylvania. The U.S. Mint today also began selling Buchanan $1 Rolls [...]

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Gold prices opened with a $1.10 per ounce gain this morning, supported by uncertainty over the release of the weekly initial jobless claims figures. Spot bullion was quoted at $1,230.40 on the bid-side, trading near a seven-week high despite a still-resilient US dollar (last quote: 82.28 on the index). "Growth concerns" were cited among the [...]

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US Mint Sales Figures Image The latest round of U.S. Mint sales figures contain the opening proof Platinum Eagle numbers, show a slowing demand for gold and silver bullion coins, and include several flat or negative product adjustments.

Far fewer American Eagle and Buffalo bullion coins were ordered than typical between last Wednesday and Monday. Fractional Gold Eagles remained unchanged, and the 1 oz size and the Buffalo Gold coins each edged only 500 higher. Silver Eagles rose just 75,000 — less than the per day average sold during the first 230 days of this year.

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The Perth Mint has introduced a new Kangaroo Minted Gold Bar range to complement the popular animal themes of Australia’s official Gold and Silver Bullion Coin Program.

Kangaroo Minted Gold Bars

The Kangaroo Minted Gold Bars are available in a choice of seven sizes ranging from 5 grams to 10 ounces. When added to the legal tender coins struck each year as part of the nation’s bullion coin program, which vary in size from 1/20 ounce to 10 kilograms, The Perth Mint now offers a 33-strong suite of 99.99% pure gold and 99.9% pure silver bullion products.

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The Professional Numismatists Guild (PNG) has announced the resignation of one member, the suspension of another and the hiring of legal counsel specifically in connection with allegations of "coin doctoring" against some PNG member-dealers. "The PNG Board has regretfully accepted the resignation of long-time member-dealer Jonathan Kern of Lexington, Kentucky. Mr. Kern was currently serving [...]

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Precious metal gains and losses kicked in new prices for United States Mint gold and platinum collector coins on Wednesday morning. Normally U.S. Mint coins price adjustments go either up or down, across the board. However, the weekly average for platinum fell as gold rose, resulting in Mint coins moving opposite of each other. The [...]

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Mild profit-taking became manifest this morning and thus gold prices and other precious metals prices turned slightly lower upon the New York session’s opening. Spot bullion opened unchanged-to-slightly-lower, very near the $1225.00 level it finished at, on Tuesday afternoon. Later in the session, the market sold off a bit further, drawing closer to the $1220.00 [...]

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U.S. gold prices climbed for a fourth straight day on Tuesday, lifted by a weaker dollar to reach its highest level in six weeks. Gold rose $2.10. Silver, platinum and palladium moved higher also, with silver up 0.9 percent, platinum up 0.6 percent and palladium up 2.4 percent. Crude oil tossed away five days of [...]

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A simply stunning 1851 $50 LE Humbert Fifty Dollar, 880 Thous. MS63 PCGS, no. 50 on Reverse, K-2, R.5, the standout territorial gold piece from the renowned Eliasberg-Oakwood Collection, added to its legend on Wednesday night, Aug. 11, when it brought $546,250 to lead Heritage Auctions’ Boston, MA Signature® & Platinum Night ANA U.S. Coin Auction.

Heritage 2010 Boston ANA Coins Auctioned

The total prices realized for the U.S. coin auction reached $34,065,984, including 15% Buyers Premium, for the 7,133 total lots in the auction, translating into a sell-through rate of 93.310% by lot.

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