Yearly Archives: 2010
Gold Prices Top $1400, Silver Edges Higher
Precious metals rose modestly Tuesday. Gold prices returned to above $1,400 an ounce as U.S. data showed retail sales and wholesale inflation were better-than-expected in November.
A weaker U.S. dollar also lifted the yellow metal, although the greenback rallied after the Fed released its monthly statement on monetary policy -- essentially unchanged from the prior month [...]
Chinese Coins Top $10.7 Million at Hong Kong Auction
Over 300 anxious bidders filled the live auction floor for the highly anticipated sale of the Wa She Wong Collection of Chinese and other Asian Coins on Dec. 3-4.
The Hong Kong auction, presented by Ponterio & Associates, a division of Bowers and Merena Auctions, featured 1,107 lots with total sales reaching $10.7 million [...]
US Government Prints 519 Million Banknotes in October 2010
The start of a new fiscal year for the Bureau of Engraving and Printing in October 2010 translated into a delayed release of banknote production figures for the month.
The Bureau of Engraving and Printing rolled out 519,040,000 banknotes in October 2010 which amounted to only $5,769,600,000 across four denominations. As a comparison [...]
Tuesday Kitcommentary From Kitco Metals Inc. – When The Going Gets...
An overnight foray to resistance levels near $1,410.00 was noted in gold prices as the US dollar slipped closer to the 79 mark on the trade-weighted index and commodity speculators continued to enjoy an early Christmas courtesy of Chinese inaction on interest rates.
Spot bullion trading opened with an $11 gain in gold which was quoted at $1,405.50 on the bid-side as against a 79.25 print on the dollar index. Silver advanced 22 cents to the $29.75 resistance area and [...]
US Mint November 2010 Coin Production: Mt. Hood and Lincoln Mintages...
US Mint circulating coin production plunged in November 2010, falling to its worst level since April according to the latest data published by the agency.
In new revelations, the US Mint provided mintages for the Mount Hood National Park Quarter and the Abraham Lincoln Presidential dollar [...]
Gold Rebounds Near $1400, Silver Prices Rally 3.6%
Precious metals prices rallied Monday as the U.S. dollar weakened and China said it would keep interest rates unchanged. Gold prices reached just over $1,400 an ounce before closing $2 shy of the psychological level.
In percent terms, silver prices outshined other metals on Monday with an increase of 3.6 percent. Palladium came in second at [...]
Heritage’s Largest World & Ancient Coin Auction in New York...
As the profile of Heritage Auctions' World & Ancient Coins category has continued to skyrocket over the last few years, each consecutive offering has raised the bar significantly.
With the Jan. 3-4 New York Signature World & Ancient Coin Auction at the Waldorf Astoria, coinciding with the New York International Coin Show (NYINC), Heritage has not only assembled its largest World Coin auction to date, it has also once again raised the bar in terms of absolute quality [...]
Monday Kitcommentary From Kitco Metals Inc. – The Road Not (Yet)...
Gold opened with a $10.60 gain at the $1,396.40 mark as a confluence of fresh buying and a slipping US dollar added up to a good start for the week.
Silver (taking a cue from copper and other assorted industrial metals, most of which were up by between 1 and 3 percent early on) rose by 3% at the start of the first session of this week, adding 88 cents to reach the $29.56 level. Palladium once again [...]
The Coin Collector’s Survival Manual Released in Seventh Edition
Gold and grading share the spotlight in The Coin Collector's Survival Manual, Seventh Edition, the just-released latest edition of the perennial hobby bestseller by award-winning author Scott A. Travers.
Published by Random House, this thoroughly updated 400-page book also contains two new and timely fact-filled chapters; one on buying and selling gold coins and other precious metal items, the other on recent innovations in coin grading.
A new chapter titled "A Grade Leap Forward" explores what Travers calls "the new math of coin grading" -- the enhancement made possible in early 2010 when [...]
Gold, Silver, Metal Prices Commentary for Dec. 10, 2010
After having recovered somewhat during Thursday's session, gold prices opened with an eighty-cent loss on Friday, quoted at the $1,386.20 per ounce spot bid level.
Scattered selling was still being observed at opening time; however a slippage to just under 80 on the trade-weighted index by the US dollar helped minimize bullion's initial loss early this morning.
Silver also fell -- by fifteen cents -- to open at the $28.61 per ounce mark. Wednesday night's EW analysis found that [...]