Monthly Archives: September 2011
Royal Australian Mint Releases 2012 Numismatic Product Schedule and Pre-Order Program
The Royal Australian Mint has published its numismatic product schedule for calendar year 2012 which covers its range of product releases from September 2011 through to August 2012. The Mint also released a video describing several of the offerings.
Additionally, the Royal Australian Mint launched a new program entitled "Collection by Selection" where collectors can use a simple order form to pre-order and pre-pay for upcoming products, thereby locking in prices. Collection by Selection orders are automatically shipped when a selected product is released, and ahead of other normal orders [...]
Sedwick Coin Auction #10 Features Brazil, Serro Frio Gold Ingot #114
Daniel Frank Sedwick, LLC will offer a rare Brazil, Serro Frio gold ingot #114, Dom Pedro II, 1832, with original guia, plated in Prober, in the Treasure and World Coin Auction #10 held October 25-26, 2011.
The pseudo-monetary gold ingots of Brazil, made from 1778 to 1833, are among the rarest items of South American numismatics. They are comparable to the U.S. pioneer gold issues of the California Gold Rush of 1848--1855, as they were made from natural gold that merchants and prospectors brought in to official foundries for testing, smelting, marking and taxation. [...]
Gold Prices Remain Above Platinum, Silver Advances 2.4%
U.S. gold prices rebounded 0.9 percent Tuesday, recovering a portion of their previous day losses. The yellow metal also closed higher than platinum for a fourth straight session. Gains in gold were attributed to bargain and safe-haven buying.
"The debt crisis of euro-zone peripherals remains the dominant issue," Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt, said in a report cited on Bloomberg. "Gold should remain in demand as a safe haven."
Gold prices rose $16.80 to $1,830.10 an ounce in the December futures contract on the [...]
US Mint Silver Sets Return at Pre-Suspension Prices
The United States Mint on Monday, September 12, returned to selling two silver sets which were suspended on September 2 due to volatile and soaring precious metals. The sets returned at their same pre-suspension prices.
The Mint halted sales of the 2010 United States Mint Silver Proof Set ($64.95) and the 2010 United States Mint America the Beautiful Quarters Silver Proof Set ($39.95) after silver reached as high as $43.50 an ounce. Since, the white metal has taken a pounding, dropping as low as $39.75 an ounce on Monday [...]
In The Lead – Welcome to Chitaly?
Similar to the aforementioned ups and downs in European spirits, the overnight period also saw gold undergoing its own (by now routine) roller-coaster ride of value and emotions.
The yellow metal fell as low as the $1,794.00 level and it remained in a close overnight orbit around the psychological round figure as the markets prepared for the opening of New York action. Some still fear that there is something developing in the market at a time when 75% of money managers have been seen recommending gold to their clients; something they would not have been caught dead doing, circa 2006 or even later [...]
2012 Australian Silver Koala Coins Availability
2012 Australian Silver Koala Coins will continue the run of the sought after annual series when released by the Perth Mint of Australia on November 1, 2011.
The bullion coins will be available in four different sizes, including 1 kilo, 10 ounce, 1 ounce and 1/2 ounce. Each is struck from 99.9% pure silver.
The Australian Silver Koala series is unique among the bullion coins of the world due, in part, to their annually changing reverse designs [...]
September 2011 Long Beach Coin Expo Buoyed by Gold, Bourse Floor...
The hot gold bullion market helped propel the recent September 8 - 10, 2011 Long Beach Coin, Stamp & Collectibles Expo.
"Gold started climbing again during dealer set-up on Wednesday, September 7, and continued a strong upward move the next day, the opening day of the show. There was a lot of buying and selling of gold coins and jewelry during the September Long Beach Expo," said Ronald J. Gillio, Expo General Chairman.
"We heard positive comments from dealers and collectors about [...]
Gold Prices Fall 2.5%, Silver Tumbles 3.4%
U.S. gold prices declined 2.5 percent Monday, snapping a two-session winning streak. Among factors analysts cited for losses included profit-taking, a stronger U.S. dollar and selling to meet margin calls.
"We had a similar situation in 2008, when stock markets dropped and pulled gold lower, as some hedge funds had to compensate loses by liquidating gold positions," Reuters quoted said Peter Fertig, a consultant at Quantitative Commodity Research.
Gold prices declined $46.20 to close at $1,813.30 an ounce in the [...]
In The Lead – My Computer Did It
The new trading week got off to a fairly rocky start in the precious metals' complex this morning as slumping equity markets and a stronger US dollar sapped more value and bullish enthusiasm from the sector.
Spot gold was down about $40 near the $1,820.00 per ounce level ($1,800 appears to have come into play once again) while spot silver lost about 75 cents to trade near $40.60 the ounce [...]
Stack’s Bowers Realizes $57.7M in August U.S. and World Coin and...
Stack's Bowers Galleries numismatic auction house and subsidiary of Spectrum Group International, Inc., announced that live U.S. and world coin and currency auctions held in August realized a combined total of $57,733,927.
Stack's Bowers Galleries and world division, Stack's Bowers and Ponterio, conducted the only official auctions of the American Numismatic Association World's Fair of Money in Chicago August 13-20, the premier annual coin show and convention in the United States.
The entire auction realized an impressive total of $40,036,290, which consisted of $29.8 million U.S. coins, $6.2 million U.S. currency, and $3.4 million foreign coins, and $385,000 foreign paper money [...]