October 2010

U.S. gold prices closed to another record Wednesday, its second straight and 13th since mid-September. The yellow metal briefly topped $1,350 an ounce as the dollar slumped after ADP Employer Services reported a drop in private U.S. payroll numbers. Silver extended its streak of gains, closing at another 30-year high and surpassing $23 an ounce. [...]

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Bullion 2010 Gold American Eagles rebounded significantly in September. The latest United States Mint coin sales figures reveal 88,000 ounces of the precious metal strikes were sold to Mint Authorized Purchasers last month. The tally includes the one ounce Gold Eagle as well as the three fractional 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes. Across [...]

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Reverberations of the surprise easing by the Bank of Japan continued to buoy a host of assets during the overnight and Wednesday daytime trading hours. Asian equity markets staged strong rallies, as did those in Europe, following yesterday’s hefty US market gains. Commodities also continued to gain in value following Tuesday’s melt-up in gold, copper [...]

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Bullion 2010 American Silver Eagles slid in September, according to the most recent sales figures released by the United States Mint. 1,880,000 of the .999 fine silver strikes were ordered by the U.S. Mint’s network of Authorized Purchasers in September 2010. This is down 571,000 from August numbers. More interesting, the level is the lowest [...]

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Gold prices continue to surge forward with new records set nearly every day during the last two weeks. Now, the demand for the yellow metal will pull United States Mint collector gold coin prices higher, including those of the upcoming 2010 Proof Gold Eagles. Pricing for the U.S. Mint’s numismatic gold coins can change depending [...]

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U.S. gold prices rallied above $1,340 an ounce on Tuesday, scoring a fresh record as the U.S. dollar tumbled near to a nine-month low against other world currencies. Commodities jumped ahead as a group. Silver reached another fresh 30-year high as prices soared 3.2 percent to close just 26 cents shy of $23 an ounce. [...]

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Professional Coin Grading Service (www.PCGS.com) will provide on-site authentication and grading services and offer show specials for on-site submissions at the Silver Dollar & Rare Coin Expo in Saint Charles, Missouri, October 14- 16, 2010, and at the Whitman Coin & Collectibles Baltimore Expo, November 4 – 7, 2010. The following show specials will be [...]

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The United States Mint has released images of the new 5-ounce America the Beautiful Silver Bullion Coins and they clearly show sharper, more detailed scenes than those depicted on circulating America the Beautiful Quarters™ which share the same designs.

America the Beautiful Silver Bullion Coins

The U.S. Mint began producing the bullion silver coins in September, and expects to strike 100,000 of each of the five 2010 designs for a total mintage of 500,000. They will have greater detail due to their specifications and the employed manufacturing process. U.S. Mint spokesman Michael White explains:

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Good Morning, Japan’s 0.10 percent (!) rate ‘cut’ surprised and rattled currency, bond, and metals overnight markets more than any of its previous currency market intervention did. The BoJ effectively ran out of rate-tinkering ammo with this ‘all stops removed’ accommodation. The bulls-eye landing on the big, fat, nil interest rate number plus the creation [...]

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American Eagle Silver Proof CoinThe United States Mint on Monday said 2010 Proof American Silver Eagle coins would go on sale November 19, 2010, at noon ET.

"We have worked very hard with vendors to increase the quantity of precious metal planchets available to us," said U.S. Mint Director Ed Moy. "That hard work has paid off."

The collector proof Silver Eagles will have a price tag of $45.95, which is $14.00 higher than when the one-ounce .999 fine 2008 Proof Silver Eagle was issued.

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