August 2010

U.S. gold prices edged $2.10 higher on Tuesday, marking a fifth straight day of gains and the longest rally since April 7. Cited reasons included improved physical demand, a weaker dollar and news that China plans to make it easier to trade the yellow metal. Silver remained little changed while platinum declined 0.9 percent and [...]

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2010 American Silver EaglesAmerican Silver Eagle bullion coins turned in slightly lower numbers for July 2010 than the month before, according to the most recent figures released by the United States Mint.

While this may come as welcome news to collectors who have been hoping for a decline in the numbers to make way for proof versions, any celebration would be premature. True, sales of the strikes showed a drop of 20,000 units, but put in perspective, the decline is negligible.

Total sales for the month of July still came in at an astonishing 2,981,000. That amount was enough to cement the month as the best ever July since the debut of the coins back in 1986. In fact, it was a leap of 171,000 coins from the previous July record set just last year.

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Good Morning, A Wall Street Journal story alluding to the possibility that the Fed might be considering the purchase of fresh batches of assets in lieu of allowing its portfolio to shrink naturally lit quite a few speculative bonfires in various, hitherto angst-ridden, carry-trader camps. While such a move might first of all depend on [...]

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While an official announcement is yet to be made, the 2010 Proof Platinum American Eagle will be released August 12, 2010, at noon Eastern Time, according to a newly published United States Mint product page.

2010 Proof Platinum American Eagle

The one ounce, 99.95 percent pure platinum coin is the second of six issues in a series celebrating the principles of American democracy as found in the Preamble to the United States Constitution.

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Heritage Auction Galleries presents a complete collection of all 102 Friedberg Colonial numbers, considered the finest ever assembled, Aug. 11-16, at the Boston ANA World’s Fair of Money. Heritage Auctions will be presenting The Collection of a Patriotic American, a complete grouping of all 102 Friedberg numbers associated with Continental Currency; it is believed to [...]

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The United States Mint and the National Park Service joined forces on Thursday, July 29, to officially release the Yosemite National Park Quarter outside the Valley Visitor Center in Yosemite, California.

2010 Yosemite National Park Quarter Ceremony

The quarter-dollars actually debuted three days earlier, July 26, as they began entering circulation through the Federal Reserve banking system, and via Yosemite quarter bags and rolls offered by the U.S. Mint.

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Good Morning, China’s leadership drew one step closer to achieving its overheating-prevention objectives as the country’s manufacturing sector reported its first shrinkage since March one year ago. The CMPMI index, released this morning, showed a reading of 49.4 (with 50 being the ‘neutral’ zone of growth-no-growth). While the slowdown is indeed just that (not a [...]

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