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2010 August

Monthly Archives: August 2010

Gold, Silver Prices Surge After Fed Policy Shift

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U.S. gold prices closed down on Tuesday, but then jumped in late afternoon trading after the Federal Reserve said the U.S. recovery is weakening,...

PNG Presents Outstanding 2010 Achievement Awards

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Gary Adkins and Patrick Heller
The Professional Numismatists Guild (PNG) presented its outstanding achievement awards for 2010 during the PNG Day banquet held in Boston, Massachusetts on August 9,...

American Palladium Eagle Coins Recommended

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American Palladium Eagle Mockup
American Palladium Eagle Mockup

The July 20 Congressional subcommittee hearing about the "The State of U.S. Coins and Currency" brought forth an interesting topic to the world of investing and numismatics -- an idea for the United States Mint to produce American Palladium Eagle Bullion Coins.

The topic was not discussed to the same degree as changing coin compositions or producing proof American Silver Eagles at the expense of the bullion versions. However, it tied into the latter as a partial solution one panel member proposed to help alleviate the current American Silver Eagle crunch.

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Gold, Silver, Metal Prices Commentary – August 10, 2010

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Gold futures prices continued to retreat at the open on Tuesday after falling 0.2 percent on Monday. U.S. gold for December delivery was down...

1794 Silver Dollar Auctioned for $1.2 Million

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Part of Bowers and Merena Auctions' $9.2 Million Boston Rarities Sale Bowers and Merena Auctions, one of the world's pre-eminent numismatic auctioneers, hosted...

US Government Prints 447.8 Million Banknotes in July 2010

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The U.S. government printed nearly 100 million fewer bills in July than in June, marking a second straight monthly production decline and the lowest...

Gold Eagle July 2010 Sales: 1 oz Eagles Rise, Fractional Sizes...

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American Eagle Gold Bullion CoinDemand for Bullion 2010 Gold American Eagles climbed in July over June, owing mostly to a renewed interest in the one ounce coins. Conversely, sales of the smaller or fractional gold coins dropped drastically.

The United States Mint experienced a rush of orders for the fractional Gold Eagles on June 10 when they were first released to its network of authorized purchasers. Prior to that, buyers were only able to obtain the 1 oz coins which have been available all year long (although 2010-dated coins were only issued beginning January 19).

The debut month for 2010 fractionals saw 355,000 ordered, with the majority of them 1/10 ounce sizes. By comparison, July fractional dropped to 34,000 coins, or less than 10 percent of what had been ordered in June.

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Gold, Silver Down Slightly; Metals Commentary – August 9, 2010

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Gold is currently maintaining its grip above $1200 an ounce after bouncing $21.40 higher last week -- although the metal edged slightly lower in...

Bullion Prices and Business Weekly Update – August 7, 2010

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Weaker-than-expected U.S. employment data set the direction of markets on Friday. The numbers rattled the dollar early and lifted gold which moved above $1200...

Historic 1907 $10 Pattern in Heritage Boston ANA Auction

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Plain Edge 1907 $10 coin
The only known Plain Edge 1907 $10 coin with Wire Rim, designed by Augustus Saint-Gaudens – and likely the only example of his coinage...