Monthly Archives: September 2010
US Mint Sales: Bullion Coins Robust, Silver Products Rally
Record gold and 30-year high silver prices boosted demand across almost all United States Mint coin products, breaking a two-week streak of mostly falling sales.
US Mint one-ounce bullion coins were the recipients of the most buying action. American Silver Eagles rallied to a weekly level that has been more typical of the coins this year, jumping 655,000 versus 245,000 in the prior week and 205,000 during the week before that. The one-ounce American Gold Eagles moved a tad slower, rising 20,500 versus 21,500. But their September total of 53,500 has already passed the 39,000 sold in all of August.
Gold, Silver, Metal Prices Commentary – September 23, 2010
Legend Sells Lincoln Cent Rarity for Record $1.7 Million, Proceeds for...
The only known 1943-dated Lincoln cent mistakenly struck at the Denver Mint on a bronze planchet has been sold for a record $1.7 million by Legend Numismatics of Lincroft, New Jersey. The unique coin, not publicly known to exist until 1979, is graded PCGS MS64BN.
The new owner is a Southwestern United States business executive who wants to remain anonymous, but who plans to exhibit this coin and others in January at the Florida United Numismatists convention.
Gold Prices Near $1300, Silver Tops $21
US Mint and NPS Release Grand Canyon National Park Quarter
It was a beautiful sunny day as the United States Mint and the National Park Service (NPS) unveiled Arizona's 2010 Grand Canyon National Park Quarter. A few clouds in the blue sky and the colorful canyon provided the perfect backdrop for the outdoor ceremony on the edge of the South Rim.
School age children watched Peter The Mint Eagle while officials from the US Mint and National Park Service made ready for the ceremony. A Native American in full dress played songs on a wooden flute before the event kicked off with the Pledge of Allegiance.
Gold, Silver, Metal Prices Commentary – September 22, 2010
Gold Prices Soar to New Record After Fed Statement
Coin and Precious Metal Disclosure Act Introduced in House
A new bill has been introduced in the U.S. House of Representatives that would require coin and precious metal dealers to disclose details prior to a transaction, including fees and a coin's purchase price, melt value and resale value.
The Coin and Precious Metal Disclosure Act was introduced as number H.R. 6149 on Thursday, September 16, by Rep. Anthony Weiner (D-N.Y.). Weiner on the same day also announced hearings on TV gold dealers, set to take place on Thursday, September 23.