Record gold and 30-year high silver prices boosted demand across almost all United States Mint coin products, breaking a two-week streak of mostly falling sales.
US Mint one-ounce bullion coins were the recipients of the most buying action. American Silver Eagles rallied to a weekly level that has been more typical of the coins this year, jumping 655,000 versus 245,000 in the prior week and 205,000 during the week before that. The one-ounce American Gold Eagles moved a tad slower, rising 20,500 versus 21,500. But their September total of 53,500 has already passed the 39,000 sold in all of August.
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Good Morning, Gold prices held fairly steady near the $1,290.00 level overnight and within the $1,285-$1,295 mini-range as dollar watchers noted an attempt by the US currency to recapture the 80-mark on the trade-weighted index. More official jawboning was on display overnight and the jaws most tightly clenched appeared to be those of Premier Wen [...]
The only known 1943-dated Lincoln cent mistakenly struck at the Denver Mint on a bronze planchet has been sold for a record $1.7 million by Legend Numismatics of Lincroft, New Jersey. The unique coin, not publicly known to exist until 1979, is graded PCGS MS64BN.
The new owner is a Southwestern United States business executive who wants to remain anonymous, but who plans to exhibit this coin and others in January at the Florida United Numismatists convention.
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U.S. gold climbed toward $1,300 an ounce on Wednesday as prices soared after the Fed’s statement noted inflation was below target levels and signaled it was willing to ease its monetary policy to support the recovery. Gold rose 1.4 percent for the day, and other precious metals followed. Silver jumped 2.0 percent, platinum climbed 1.3 [...]
It was a beautiful sunny day as the United States Mint and the National Park Service (NPS) unveiled Arizona’s 2010 Grand Canyon National Park Quarter. A few clouds in the blue sky and the colorful canyon provided the perfect backdrop for the outdoor ceremony on the edge of the South Rim.
School age children watched Peter The Mint Eagle while officials from the US Mint and National Park Service made ready for the ceremony. A Native American in full dress played songs on a wooden flute before the event kicked off with the Pledge of Allegiance.
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Good Morning, The subtle language change that the Fed injected into its post-meeting statement unleashed a torrent of dollar sellers and additional gold buying in the ensuing afternoon and overnight hours. The mere mention of ‘preparedness’ as regards additional accommodation (likely in the form of bond purchases), even if made conditional upon the US economy [...]
U.S. gold prices closed the day slightly lower, but then rallied to a fresh high in electronic trading after the Federal Reserve voiced concern over low inflation, saying it was: "Prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate." While [...]
A new bill has been introduced in the U.S. House of Representatives that would require coin and precious metal dealers to disclose details prior to a transaction, including fees and a coin’s purchase price, melt value and resale value.
The Coin and Precious Metal Disclosure Act was introduced as number H.R. 6149 on Thursday, September 16, by Rep. Anthony Weiner (D-N.Y.). Weiner on the same day also announced hearings on TV gold dealers, set to take place on Thursday, September 23.
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Stack’s will be the official auctioneer for the 2011, 2012 and 2013 American Numismatic Association World’s Fair of Money, ANA Executive Director Larry Shepherd has announced. "I’m very pleased to have received multiple strong bids for these prestigious auctions," Shepherd said. "This reflects a renewed confidence auction companies have that the ANA can host high-quality [...]
Good Morning, Gold prices opened with minor losses on Tuesday morning, as market players held their cards steady ahead of US housing starts numbers and the post-Fed meeting microphone session. Spot bullion slipped $3.70 per ounce to start the session at $1,274.80 following overnight lows near $1,272.50 per ounce. Not much here that can be [...]
