Newly introduced Senate legislation proposes silver commemorative coins in 2014 to honor the 75th anniversary of the March of Dimes.
Numbered S. 1935 and jointly introduced by Sen. Kay Hagan [D-NC] and Sen. Susan Collins [R-NH] on Friday, December 1, the March of Dimes Commemorative Coin Act of 2011 adds further support to an identically named Act that was brought before the House in October.
Each bill would authorize the Secretary of the Treasury, and thereby the United States Mint, to produce up to [...]
New Gold prices once again broke below moving averages as sellers emerged in the wake of a fresh party spoiler by rating agency S&P.
With just hours to go prior to the pivotal EU meeting the by now (in the minds of some) notorious firm issued a blanket warning on any and all eurozone debt. Critics have labeled S&P’s "well-timed" warning issuance as a deliberate attempt to meddle in the region’s politics and they see it as aggravating an already quite bad situation [...]
The Perth Mint of Australia (www.perthmint.com.au) released the 2012 Australian Platypus Platinum Bullion Coin on Tuesday, December 5.
Unlike the multiple series of the gold and silver bullion coins issued by the Perth Mint, there is only one platinum bullion coin, and that features the platypus. The Mint has offered other numismatic or collector platinum coins.
The 2011 Australian Platypus Platinum Bullion Coin was the inaugural issue in the new series. It sold out with a mintage of [...]
Collectors attending the upcoming Florida United Numismatists convention in Orlando, January 5 – 7, 2012, will have the opportunity to test their coin grading skills and a chance to win a valuable gold coin from the Professional Coin Grading Service (www.PCGS.com).
The competition is sponsored by PCGS Photograde™ Online and will be open to current members of the PCGS Collectors Club as well as active PCGS Set RegistrySM members. It will not be open to dealers.
The competition will be conducted at the PCGS booth (#100) at FUN, and participants should [...]
With the exception of a very modest gain in palladium futures, the major metals gold, silver and platinum each declined 1.0 percent Monday. Precious metals were further pressured when news broke that the euro nations may be stripped of their AAA credit rating by Standard & Poor’s.
"Gold is not getting stronger with all the uncertainty in Europe, and the S&P story has exacerbated gold’s losses more," Reuters quoted Michael Matousek, senior trader at U.S. Global Investors Inc (GROW.O), which has $2.5 billion in assets.
Gold prices dropped $16.80 to $1,734.50 an ounce in the February futures contract on the [...]
The Board of Directors of the Professional Numismatists Guild (PNG) has ratified the applications for ten new PNG members and three affiliate members.
"We are all delighted to welcome these new PNG members. They all have outstanding credentials and experience, and they have pledged to follow the PNG Code of Ethics in the buying and selling of numismatic merchandise," said PNG Executive Director Robert Brueggeman.
Recently accepted as PNG Regular Members are [...]
New York precious metals trading opened the week with mixed price trends. Gold, silver, and platinum fell while palladium and rhodium held steady. Spot dealings showed gold down $12.30 at the opening bell, with a bid-side quoted at $1,734 per ounce.
Silver lost 5 cents to start off the session at $32.59 per ounce. Platinum dropped $10 to open at $1,533 and palladium was unchanged at $642 per troy ounce. More on palladium and its recent performance will follow below. In the interim, we expect more of the same; more volatility, more counter-intuitive moves, more confusion among investors. That’s the ‘new’ normal [...]
United States Mint bullion sales of American Gold Eagle coins registered a third straight month of declining numbers in November. Just 41,000 ounces of the 22-karat bullion coins were ordered by the Mint’s network of authorized purchasers, the lowest monthly total seen since June 2008.
The downward trend started in September after August reached the second highest monthly total of the year at 112,000 ounces. September sales came in at only 91,000 ounces with October falling further to 50,000 ounces.
Of the 41,000 ounces sold during November, the United States Mint indicates that a majority came from the [...]
Precious metals settled mixed Friday but each notched significant weekly gains. Palladium led the major metals, jumping 13.3 percent. Silver prices surged 5.4 percent. Gold followed with its own 3.9 percent weekly increase while platinum scored a more modest advance of 1.0 percent.
In closing the week, gold prices tacked on $11.50, or 0.7 percent, to $1,751.30 an ounce in the December futures contract on the Comex in New York. Gold touched an intraday low of $1,741.70 and reached as high as $1,767.10 [...]
November turned cold for American Silver Eagle bullion sales, following numerous records including a series of best ever months, the all-time monthly high in January and a fresh annual record.
In a word, the Silver Eagle "imploded" in November. United States Mint buyers ordered only 1,384,000 in a month that is usually seasonally strong for bullion. The figure would be respectable for other months in a series dating back to 1986. But it is squarely on a pathetic level when contrasted against the explosive monthly performances market-watchers have come to expect since the demand-fueled Silver Eagle blasted off in late 2007 [...]
