Monthly Archives: August 2011
NGC Coin Explorer Provides Free Online Reference for US Coins
Numismatic Guaranty Corporation (NGC) announced the release of the most comprehensive online reference for US coins today.
The new NGC Coin Explorer is a free research tool designed as a resource for both dealers and collectors, whether buying or selling coins.
Both new and advanced collectors will find the NGC Coin Explorer useful when trying to find out more about coins they own in addition to researching coins they are considering buying. This new, all encompassing tool lists over [...]
Franklin Commemorative Postmaster Intaglio Print Released by BEP
The Bureau of Engraving and Printing (BEP) on Tuesday made available the Postmaster Intaglio Print, the third and final 2011 intaglio print to celebrate the life and accomplishments of Benjamin Franklin.
The Postmaster Intaglio Print, on sale for $22.50, joins the previously issued and still available Inventor Intaglio Print and Statesman Intaglio Print. The three issues comprise the 2011 Intaglio Print Program which the BEP has named the "Franklin Commemorative Series."
The Postmaster print includes two postage stamps and three engravings. The stamps feature [...]
In The Lead – BitterSwiss Chocolate
A second session of gains was on tap for gold as some buyers returned to the market in the wake of the yellow metal's ability to regain the $1,770.00 value zone and as the rising concern over Europe's economic fate motivated others to place additional bets on bullion. Spot dealings in New York opened with a $12 per ounce gain in the gold pits and the indicated bid-side quote was $1,778.00 an ounce.
Today's gains once again (as in several previous wild sessions last week) came not at the expense of the US dollar and not in concert with rising black gold, and-for a change-they were also [...]
PNG 2011 Award Winners Announced
The Professional Numismatists Guild announced winners of the organization's 2011 awards at the PNG Day summer banquet, August 15, 2011, on the eve of the American Numismatic Association World's Fair of Money in the Chicago suburb of Rosemont, Illinois.
"These prestigious, annual awards formally recognize achievements in various areas of the hobby and profession," said Robert Brueggeman, PNG Executive Director.
PNG Immediate Past President and current board member, Paul Montgomery, received the Abe Kosoff Founders Award [...]
Gold Rises 0.9%, Silver Advances 0.5%, Silver Eagles Top 27M
U.S. gold futures advanced 0.9 percent Monday, breaking a two-day losing streak. A weaker U.S. dollar was credited for bolstering investments in the yellow metal.
"The weaker dollar is definitely providing some support" to gold, Matthew Zeman, a strategist at Kingsview Financial in Chicago, said in a telephone interview, according to Bloomberg. "The market will likely remain rangebound as people are returning to equities because of positive economic numbers."
December gold prices rose $15.40 to settle at $1,758.00 an ounce on the Comex in New York. Gold moved from [...]
Hayes Presidential Dollar Launch Ceremony and Coin Exchange on August 18
The U.S. Mint announced plans to host a public launch ceremony and coin exchange for the Rutherford B. Hayes Presidential $1 Coin on August 18, 2011. The dollar is the third of four 2011 Presidential $1 Coins.
The release ceremony will be held in the Rutherford B. Hayes Presidential Center at Spiegel Grove in Fremont, Ohio beginning at 10 AM (Eastern Time). The main entrance to the center can be found at the corner of Hayes and Buckland avenues [...]
1855-S $3 Gold Tops $1.3M in $31.3M Heritage U.S. Coin &...
A unique 1855-S $3 gold PR64 Cameo NGC, CAC, Ex: Golden Gate Collection, a supreme rarity in the world of numismatics, brought $1,322,500 -- along with applause in the auction room -- as the top lot of Heritage Auctions' Aug. 11-12 Signature® U.S. Coin & Platinum Night Auction at the Marriott-Chicago O'Hare (all prices include 15% Buyer's Premium).
Overall the auction realized more than $31.345 million (not including Post Auction sales), as 5,154 bidders vied for 7,370 lots, translating into an impressive sell-through rate of 91% by total lot value and 95% by total lots [...]
PNG Board Selects Officers for 2011-2013 Term
Jeffrey F. Bernberg of Rare Coin Company of America, Willowbrook, Illinois, has been selected to serve as President of the Professional Numismatists Guild for the 2011 - 2013 term.
Other officers selected by the PNG Board are Vice President Terry Hanlon of Dillon Gage Metals Division, Addison, TX; Secretary Dana S. Samuelson of American Gold Exchange, Austin, TX, and Treasurer Fred Weinberg of Fred Weinberg & Company, Encino, CA [...]
In The Lead – Milling Rumors
Monday morning's markets saw a lower opening in gold but a tad higher values in the other components of the complex. Gold continued to be sold off and it lost $10.60 per ounce (to $1,735.70) out of the starting gate as risk appetite made a tentative reappearance among market participants, as it also did on Thursday and on Friday.
The decline in the yellow metal took place despite a small (0.14) dip in the greenback on the trade-weighted index (to 74.38) but then again in the past several sessions there really has been a notably poor inverse correlation between bullion and the dollar [...]
Gold Prices Surge 5.5% on Week, Silver Rebounds 2.4%, Bullion Coins...
U.S. gold futures fell for a second straight day, but emerged 5.5 percent higher than last Friday and extended its streak of weekly gains to six.
Gold's two-day loss was attributed to profit-taking, a rebound in equities, CME Group's decision to hike margins on gold contracts and a correction to gold's meteoric rise.
In ending the week, December gold prices declined $8.90, or 0.5 percent, to $1,742.60 an ounce on the Comex in New York [...]