Friday, March 29, 2024
2011 October

Monthly Archives: October 2011

Silver Eagle 25th Anniversary Set Values Jump After Sell Out

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American Silver Eagle 25th Anniversary Set

American Silver Eagle 25th Anniversary SetSilver Eagle 25th Anniversary Set sold out within five hours. And while none of the sets have been delivered by the United States Mint yet, many are already appearing on the secondary market at incredibly high premiums.

Before those premiums are discussed, perhaps a little background is in order... The set was issued by the United States Mint to commemorate the 25th anniversary of the American Silver Eagle Program which dates back to when the first bullion and proof versions were released in 1986 [...]

Gold Pares October Gain to 6.3%, Silver Prices Surge 14.2%

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Fine Gold BarsGold stumbled $22 Monday, paring its monthly gain in October to $102.90, or 6.3 percent. Silver prices dived by nearly $1 on the day, but still finished up $4.27, or 14.2 percent for the month. A stronger U.S. dollar was blamed for the yellow metal's daily loss, which silver tracked.

The monthly increases for the two major metals come on the heels of respective gold and silver losses in September of 11.4 percent and 28.0 percent.

On Monday, gold prices declined 1.3 percent to settle at $1,725.20 an ounce in the December futures contract [...]

In The Lead – I Have A Yen [Or A Few...

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Precious Metals CommentaryThe second central bank currency market intervention in as many months sent the US dollar soaring and gold reeling overnight as market players rushed for various entry and exit doors to take advantage of the overt move. The selling of yen by the BoJ represented the third such event this year and it follows a fresh postwar high (at 75.35 vs. the USD) that the Japanese currency had reached just last week. The August intervention involved the selling of 4.5 trillion yen and it was the largest in seven years.

Last night's maneuver resulted in the greenback reaching a three-month high against the yen. The massive unilateral (as opposed to what the SNB and other central banks did in early September) pressured the yen some 4% lower during the wee hours and saw gold [...]

Gold Jumps 6.8% in Weekly Gain, Silver Prices Soar 13.1%

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Fine Gold BarsGold futures edged lower Friday, snapping a five-day winning streak, but still registering an explosive weekly gain of $111.10, or 6.8 percent.

Gold prices dipped 50 cents to close Friday at $1,747.20 an ounce in the December futures contract on the Comex in New York. The yellow metal ranged between an intraday low of $1,733.00 and a high at $1,754.00.

"We had a really heavy week on the news front with the euro zone and U.S. GDP... the market's trying to work out where gold should be, wondering if this euro zone package has solved the problem," Reuters quoted Mitsubishi analyst Matthew Turner.

Last week gold prices swung through a range difference of $92.10. This week's range spread was [...]

2012 Infantry Soldier Silver Dollar Designs Revealed

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2012 Infantry Soldier Silver Dollar Designs

2012 Infantry Soldier Silver Dollar DesignsYesterday the United States Mint unveiled the commemorative 2012 Infantry Soldier Silver Dollar designs in a pre-game ceremony at Fort Benning's historic Doughboy Stadium in Georgia.

Taking place before the football matchup between the Fort Benning Doughboys and the Columbus State University Cougars, B. B. Craig, Associate Director of Sales and Marketing at the United States Mint spoke before the crowd and special guests representing the National Infantry Foundation and Vietnam War Medal of Honor recipients [...]

Release Dates for 2012 Presidential $1 Coins

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Reverse of Presidential $1 Coin

Reverse of Presidential $1 CoinDespite an official confirmation from the United States Mint that is likely to be off into the distance, Federal Reserve Bank Services has published release dates for the upcoming 2012 Presidential $1 Coins, just as it recently listed them for the 2012 quarters. Of course, the standard caveat of "release dates are subject to change" applies, but it does give interested collectors at least a close idea of when the strikes from the sixth year of the Presidential series will be issued.

These four releases will mark the 21st through 24th of the series which honors former Presidents of the United States of America with portraits of the selected individuals showcased on the obverse of each strike. The program debuted in 2007 with a coin honoring George Washington, the first President of the United States [...]

In The Lead – EU Deal: A Treat Or Trick?

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Precious Metals CommentaryGold, silver, and the noble metals traded lower this morning as profit taking prior to the weekend emerged and players took chips off the market tables in the wake of a very good week indeed. Gold traded between $1,730 and $1,750 while silver oscillated between the $34.75 and $35.75 mileposts. Pre-weekend rallies are not to be excluded from the realm of possibilities even as book-squaring plays out in coming hours. Bull costumes have been very popular this week.

The explanation that gold gained this week on the back of perceptions that the crisis was going to be finally resolved was swiftly replaced this morning with [...]

Royal Canadian Mint Strikes World’s First 10-Kilo 99.999% Pure Gold Coin

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Royal Canadian Mint 10-Kilo 99.999 Pure Gold Coin

Royal Canadian Mint 10-Kilo 99.999 Pure Gold CoinThe Royal Canadian Mint is proud to announce it has crafted the world's first 10-kilo 99.999% pure gold coin and that this exquisite numismatic creation has been dedicated to Bill Reid's The Spirit of Haida Gwaii; one of the most celebrated masterpieces of Canadian art.

The bold contours of the sculpture commissioned in 1985 for the Canadian Embassy in Washington, D.C., are precisely captured in an ultra-high relief engraving, unique in the world of numismatic art for its sculptural quality. This first-ever Canadian coin to bear a $100,000 face value was unveiled [...]

Waiting List for Silver Eagle 25th Anniversary Sets as Orders Maxed

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2011 American Silver Eagle Anniversary SetHaving launched Thursday at noon ET, a stampede of orders maxed out all 100,000 of the available American Silver Eagle 25th Anniversary Sets in less than five hours.

The United States Mint placed a waiting list notice on the set's online product page, stating:

"Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2011 American Eagle 25th Anniversary Silver Coin Set. You may still place an order [...]

Gold, Silver Rise for Fifth Straight Day

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Fine Gold BarsGold and silver futures marked a fifth straight day of gains Thursday, lifting the metals $134.80 and $4.83, respectively, since they last declined one week ago.

Gold prices rose $24.20, or 1.4 percent, to $1,747.70 an ounce in the December futures contract on the Comex in New York. Gold traded from an intraday low of $1,707.20 to a high of $1,749.00 [...]