Monthly Archives: May 2010
Gold, Silver, Metal Prices Commentary – May 25, 2010
US Government Prints 519.1 Million Notes in April 2010
The U.S. government printed less money in April than in March, but more than any other month in 2010, according to the agency responsible for manufacturing U.S. currency. The value of the notes produced in April was also the second highest month this year.
The Bureau of Engraving and Printing (BEP) on Thursday released the latest production figures for April which show it made $1s, $5s, $20s and $100s -- the same denominations as in March and February. $10s and $50s have not been printed since since June 2009.
Combined, the BEP produced 519,136,000 banknotes that had a total value of $21,735,680,000. By comparison, March figures were 605.952 million notes for over $22.138 billion. February figures came in at 504.476 million notes for just over $14.098 billion, while January registered 487 million notes worth slightly more than $14.1 billion.
Gold, Silver, Metal Prices Commentary – May 24, 2010
Bowers and Merena Offers Nearly 3500 U.S. Coin Rarities in...
Bullion Prices & Business Weekend Recap – May 22, 2010
U.S. Mint Bullion Eagle Coins Surge, Despite Plunging Gold and Silver...
Precious metals had a disastrous week, yet U.S. Mint authorized buyers ordered more bullion American Eagle coins during the third week of May than in each of the prior weeks when metals were rallying.
New York gold prices finished lower for the fourth consecutive session on Friday, with June futures tumbling to $1,176.10 an ounce, plummeting 4.2 percent this week.
U.S. Mint one-ounce American Gold Eagles, however, soared. The coins advanced 67,000 this week, as compared to a 31,000 increase during the second week of May and a 41,500 gain during the first week. May sales on Friday reached 139,500, bringing the Gold Eagles to 471,000 for the year.
5-Star Generals Commemorative Coin Act Passes House
The U.S. House of Representatives on Thursday, May 20, passed the 5 Star Generals Commemorative Coin Act.
Should the act become law, the United States Mint would strike 50-cent clad, $1 silver and $5 gold commemorative coins featuring America's Five-Star Generals who taught or studied at the U.S. Army Command and General Staff College (CGSC).
The coins would get minted for the year 2013, and include portraits of Generals George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry "Hap" Arnold, and Omar Bradley -- each led U.S. forces to victory in World War II and were alumni of the CGSC.
US Mint 2010 Quarters Silver Proof Set Launches May 27
The United States Mint on Thursday afternoon officially announced that the 2010 US Mint America the Beautiful Quarters Silver Proof Set will launch on May 27 at noon Eastern Time (ET) for a price of $32.95.
The set is the second of the year to feature the first five America the Beautiful Quarters™. The first was the clad 2010 proof version issued on May 13, 2010, for a price of $14.95. The debuting sales figures for these were released by the Mint on Wednesday.