Monthly Archives: November 2010
Canadian Coins Honor Veterans, Remember Fallen
On the eleventh hour of the eleventh day of the eleventh month of 2010, the Royal Canadian Mint will join Canadians from across the country in remembering those men and women who have made the ultimate sacrifice on our behalf.
In the spirit of remembrance, the Mint has once again issued several circulation and collector products which will help Canadians preserve the memory of Canada's fallen and their undying gratitude to our surviving veterans and active troop [...]
Gold Prices Steady, Silver Tumbles
U.S. gold prices steadied Wednesday after precious metals were thumped in the previous day's after-hours trading.
A rebounding U.S. dollar, profit-taking, and tighter margin requirements for silver were cited for sparking the sell-off. Late Tuesday the Chicago Mercantile Exchange (CME) announced an increase in silver margins from $5,000 to $6,000 [...]
Printz Joins Harlan J. Berk, Ltd.
Veteran professional numismatist, Michael D. Printz, has joined the staff of Harlan J. Berk, Ltd. in Chicago.
"When it came to our attention that Mike was no longer affiliated with Larry Whitlow, Ltd., we regarded it as an opportunity of great potential for increasing our dealings in higher-end U.S. rare coins because Mike is a market savvy, knowledgeable numismatist of great integrity [...]
US Mint October 2010 Coin Production Rises
The latest US Mint circulating coin production figures for October 2010 reveal the agency was busier than in September, snapping a string of three straight monthly declines.
October 2010 levels ranked as the fourth best this year, coming in at 730,220,00 coins minted. However, the level was far below June's peak when the United States Mint produced nearly 920 million coins [...]
Gold, Silver, Metal Prices Commentary for Nov. 10, 2010
Things got interesting in a hurry yesterday afternoon, following a rather expected rally in the oversold US dollar and following the raising of margin requirements in silver trading on Comex. The new 'game' became a proposition best suited for roller-coaster addicts as accelerating volatility buffeted both the yellow and the white metals in a fairly violent manner.
Suddenly, a $44 range for gold and a $3 price band for silver became a reality for participants to have to deal with [...]
ANA’s 2011 National Coin Week Commemorates the American Civil War
The theme for next year's 88th annual National Coin Week is "Blue, Gray and Greenbacks."
The 2011 National Coin Week theme will help collectors commemorate the American Civil War and the "numismatic changes and innovations during the conflict." [...]
Gold and Silver Close to Fresh Highs, Prices Dive After-Hours
Continuing a streak of four-day highs Tuesday, U.S. gold prices reached a new record above $1,424 an ounce and silver hit a fresh 30-year peak atop $29 an ounce.
However, precious metals gave up substantial ground in after-hour trading as profit-taking emerged when the U.S. dollar continued its upward momentum and the Chicago Mercantile Exchange (CME) announced an increase in silver margins [...]
US Mint Proof Gold Eagle Sales Near $100 Million, Expect Price...
With the sell out of the most popular single one ounce 2010 Proof Gold Eagle combined with expected price increases on Wednesday, buyers quickly shifted their attention to the remaining product options. They spent more money than in each of the prior two weeks, lifting total coin sales near $100 million.
Fractional 2010 Proof Gold Eagles and the 4-coin proof set outperformed their prior weekly gains, with the latter enjoying the most interest and posting its best weekly pick up since the 22 karat gold coins were launched on October 7, 2010 [...]
Gold Prices Skip Over $1400, Silver Rallies Above $27
U.S. bullion prices rallied Monday as gold topped $1400 an ounce, capping a third day of all-time record highs.
Silver registered its own three-day streak, reaching a 30-year high and easily surpassing $27 an ounce. Palladium, the best performer in precious metals on Monday, advanced to its highest price since 2001 [...]
Odyssey Arguments Scheduled in Black Swan Shipwreck Case
Odyssey Marine Exploration was recently notified that the United States Court of Appeals for the Eleventh Circuit would hear oral arguments on the case that is currently pending before it between Odyssey and the country of Spain.
At issue is the ownership of over 500,000 Colonial-period silver coins that were recovered from the bottom of the ocean by Odyssey [...]