The eagerly anticipated start of authentication and grading of rare coins in Hong Kong by Professional Coin Grading Service is underway through its new company, Collectors Universe (Hong Kong) Ltd. — PCGS. PCGS is grading coins prior to and during the Hong Kong International Coin Convention and Antique Watch Fair beginning on March 24 and continuing through April 6, 2012.
Coins now are being accepted from PCGS Collectors Club members and PCGS Authorized Dealers at "pre-show" discounted rates [...]
Following two consecutive daily losses, gold rebounded Tuesday when the U.S. dollar fell and bargain hunting ensued. Pressuring the greenback were comments from Fed Chairman Ben Bernanke about weakness in the U.S. economy and optimism over reports of progress in a Greece debt deal.
Gold prices gained $23.50, or 1.4% to $1,748.40 an ounce in the April futures contract on the [...]
The United States Mint has published the coin image for the reverse of the 2012 Native American $1 Coin. Until now, only a line art image of the design was available, and that was released back in November.
As mandated by law and since 2009, the reverse of the dollars have changed annually to feature a unique design celebrating important contributions by Indian tribes and Native Americans [...]
Kicking off the month of February for the United States Mint were bags and rolls of the first 2012-dated quarters which depict El Yunque National Forest. The second U.S. Mint product issued this month features those same quarters but in collector editions. On Tuesday, February 7, 2012, the United States Mint released the El Yunque Quarter Three-Coin Set.
The set is the eleventh released in the series of America the Beautiful Quarters®, but it has the lowest price. At $9.95, it is [...]
Gold declined Monday for a second straight session as a stronger U.S. dollar and a "risk-off" mentality pressured the yellow metal.
Gold prices fell $15.40, or 0.9% to $1,724.90 an ounce in the April futures contract on the Comex in New York. Gold moved between a low of $1,714.00 and a high of $1,740.90 [...]
United States Mint bags and rolls of 2012 El Yunque National Forest Quarters were made available Friday, February 3.
El Yunque quarters were actually released into circulation beginning on January 23. The new quarter marks the first of five releases scheduled in 2012 and the eleventh in the America the Beautiful Quarters® Program [...]
Gold’s worst loss in over one month showed signs of continuing to deepen as markets opened for trading in New York this morning. Albeit during the overnight hours gold prices managed to bump some $10 higher in a recovery attempt, the uncertainty manifest in the European news flows on Monday kept the selling pressure on in the precious metals and commodities’ complex and speculators opted to take temporary shelter under the "green" umbrella of the US dollar (up 0.52% on the index).
European leaders appear to be losing patience with Greece at this juncture and have more or less issued an ultimatum for it to cut a deal that implies further belt-tightening measures, or [...]
Gold prices rose 0.5% this week despite a $19 loss on Friday which was triggered by a stronger than expected U.S. jobs report. Said report showed that the unemployment rate fell to 8.3% — the lowest level since February 2009 — from the 8.5% reading in December.
In closing Friday, gold prices declined 1.1% to $1,740.30 an ounce in the April futures contract on the Comex in New York. Prices traded as low as $1,726.20 and as high as $1,765.90 [...]
In what could end up being an about-face in government policy, new legislation was introduced in the United States Senate on January 31, 2012 seeking to replace paper dollar bills with $1 coins.
The proposed bipartisan bill is entitled the Currency Optimization, Innovation, and National Savings (COINS) Act, S. 2049, and was introduced by Senator Tom Harkin of Iowa and Senator John McCain of Arizona.
If passed and signed into law, the COINS Act would effectively serve as a reversal to the December 2011 order [...]
Spot gold dealings opened flat, near the $1,759 bid level but it then fell by $25 to near the $1,735 area shortly after the release of the jobs statistics and then the ISM services index and factory orders numbers this morning.
Recent advances (7.4% on the 30-day chart) in the value of the yellow metal had already prompted contrarian calls (based on the readings of gold newsletter sentiment data) for caution, and then some. So long as gold does not manage a close above the $1,803 area (according to EW analysis) the metal has the potential to turn lower after the current rally runs out of steam [...]
