The United States Mint released the 2011 Lucy Hayes First Spouse Gold Coins on Thursday, September 1, at noon Eastern Time. The special collector coins are the twentieth in the 24-karat gold coin series that started five years ago in 2007.
The newest issues, honoring Lucy Hayes, are the third of four designs this year and are available for $1,054.00 for the proof strikes and $1,041.00 for the uncirculated strikes. Prices may rise or fall weekly depending on the direction of gold [...]
Internet coin auction company, GreatCollections, sold over $828,000 in certified coins during August 2011, setting numerous company records with almost 2,000 coin auctions sold.
One of the many highlights of the month was the Anacapa Collection of U.S. gold coins, which realized $202,178 with a sell-through rate of 96%. This collection included several U.S. rarities, notably the 1866-S Liberty Eagle No Motto NGC AU-55 and 1907 Saint-Gaudens High Relief NGC MS-64 [...]
The United States Mint released a new price guide for commemorative gold coins which determines coin prices weekly based on the direction of gold.
The U.S. Mint had suspended four 2011-dated commemorative gold coins on August 12 "due to the current market volatility" of precious metals. Each of the coins includes 0.2419 ounces of gold, which had brought their melt values very close to their selling prices [...]
The United States Mint is again selling commemorative gold coins after a thirteen-day suspension. The Mint on Thursday also brought back two suspended silver sets following six days of absence.
Volatile and surging precious metals prices were the designated culprits for triggering the product suspensions. And although gold and silver have fallen from their heights in mere days — ironically, the two metals are lower now than when the products were first suspended — the commemorative gold coins return on sale at higher prices (+$79.35 each) while prices for the silver sets are unchanged. [...]
Price hikes for United States Mint collector gold coins were forestalled Wednesday after gold prices plummeted by more than $100 in a single day and moved below $1,760 an ounce.
The United States Mint returned to selling 12 of 16 gold coins at 12:00 noon ET. And, thanks to gold’s plunge, the collector coins cost the same as when they were preemptively suspended Monday after the yellow metal rocketed toward $1,900 an ounce [...]
The United States Mint on Monday halted sales of its collector gold coins for an extended period after gold prices soared toward $1,900 an ounce. The suspensions are expected to last until Wednesday when coin prices are poised for increases. 15 of the Mint’s gold coin products are now off sale.
The action, as conveyed in a previous article published on Friday, was not completely unexpected based on gold’s explosive jump — the yellow metal in New York has surged nearly $150 in six days [...]
The near ballistic rise in gold has resulted in another series of United States Mint price increases for its gold collector coins. On Wednesday, the Mint pulled the trigger on the latest round of hikes — the fourth in five weeks. Coin prices since July have been raised on a per coin basis from as little as $25 to as high as $462.50. On Friday, the Mint suspended two of its older silver sets as silver topped $42 an ounce.
Current gold prices should hold until Wednesday morning, although with gold soaring to successive all-time record highs — at $1,850.40 an ounce as of this writing — a preemptive suspension like last week could potentially be in play [...]
Raging gold prices are disrupting United States Mint gold coin sales. The bureau on Friday stopped selling commemorative gold coins just three days after a similar suspension was implemented throughout collector pieces, including the American Gold Eagles, American Gold Buffalo and each of the First Spouse Gold Coins. The suspensions came as melt values of the coins raced toward their retail prices.
"The United States Mint has suspended sales of commemorative gold coins for re-pricing," the bureau said in a statement. "Due to the current market volatility, we will be placing these coins [...]
GreatCollections is proud to auction a collection of U.S. gold coins called the Anacapa Collection.
"These coins will be offered as part of our Sunday, August 21 auction program, which will feature over 1,000 certified coins ranging in value from $20 to over $20,000,"said Ian Russell, president of GreatCollections.
The collection was amassed over the past ten years and includes coins such as the 1876-CC Liberty Double Eagle graded PCGS MS-61 CAC and the 1905 Liberty Quarter Eagle graded NGC Proof-65 CAMEO CAC [...]
The United States Mint stopped selling its range of numismatic gold coins Tuesday, August 9, at 11:20 a.m. Eastern Time as the record high price of bullion approached their sales prices. Visitors to the coins’ online product pages will see the notice: "This product is temporarily unavailable for product repricing."
The Mint said it intends to make the gold coins available by the afternoon of Wednesday, August 10, after price increases have been implemented.
United States Mint coin pricing methodology employs an average for gold based on AM and PM London fixings from the previous Thursday to current Wednesday. When the average swings outside [...]
