Monthly Archives: December 2010
Satin Finish Ends on US Mint Sets
The satin finish will no longer be used by the United States Mint for uncirculated US Mint Sets and other products, the agency announced last week. Instead, Mint Sets will return to coins which feature a brilliant finish.
This change marks an end to a six-year run featuring the satin finish which was easily distinguishable owing to its frosted appearance. The United States Mint started issuing satin finish US Mint Sets in 2005, stating at the time that "it is handsome and provides consistency for United States Mint uncirculated products." [...]
Wednesday Kitcommentary From Kitco Metals Inc. – Copper Caper
Gold started the midweek session with a $1.90 per ounce gain, being quoted at $1,387.40 on the bid-side, as against a reading of 80.55 on the dollar index and a 35-cent rise in crude oil (to $90.17 per barrel).
The yellow metal did receive one bit of possibly supportive news, in that the IMF announced that its disposal of 403.3 tonnes of bullion has now been completed.
About half of the IMF's originally slated-for-sale tonnage was off-loaded on-market, as opposed to [...]
Baldwin’s New York Sale Features 1378 Lots of Ancient and World...
Baldwin's are pleased to announce that this years New York Sale, comprising 1378 lots of Ancient, Islamic & World Coins and Russian Coins, Orders & Medals, will be one of the finest offering from the group so far, including some sensational rarities, fresh to the market.
Held on the 5th and 6th January 2011 at the Waldorf Astoria Hotel in New York, the 25th and 26th New York sales are held in conjunction with the 39th New York International Numismatic Convention [...]
Medallic Art Company Launches New Web Site
The world-famous Medallic Art Company announced today a new web site, www.medallic.com, designed to better display its 100+ years of minting excellence and to provide ready access for customers and art historians to numerous product categories, galleries, and historic slide presentations and custom minting information.
The new www.medallic.com is intuitive, which lets a site visitor navigate with ease, letting visitors examine Medallic Art Company's custom medals, institutional chains and [...]
Gold and Other Precious Metals Rise Slightly
U.S. gold prices edged 0.5 percent higher Monday, lifted by fund buying and safe-haven appeal amid fresh concerns over European debt woes and tensions on the Korean peninsula, opined analysts.
Other precious metals rose as well. Silver and palladium each added 0.8 percent while platinum advanced 0.7 percent [...]
Malibu Collection Headlines Bowers and Merena’s January Tampa Bay Rarities Sale
Bowers and Merena, one of the world's preeminent auctioneers for rare coins and currency, will conduct the January Rarities Sale as its first event of 2011.
The single-session sale on January 4 at the Grand Hyatt Tampa Bay will offer nearly 1,700 lots of rare and desirable United State and Colonial-era coinage [...]
BEP Offers $10 Uncut Currency Sheets with Geithner and Rios Signatures
The Bureau of Engraving and Printing (BEP) on Tuesday, December 14, 2010, began selling $10 Uncut Currency Sheets featuring the signatures of U.S. Treasury Secretary Timothy Geithner and U.S. Treasurer Rosie Rios.
Each uncut currency sheet includes crisp, uncirculated $10 notes of varying quantities that range in price from $69.00 to $249.00 [...]
Monday Kitcommentary – Champagne For Some, Red Bull for Others
Gold spot prices opened $9.80 per ounce higher on Monday and were quoted at $1,385.30 as fresh fund-originated buying was noted in the wake of the aforementioned EU debt situation and Korean peninsula -- initiated jitters.
Silver added 6 cents on the open, starting off at $29.25 the ounce. Platinum and palladium also opened higher, with the former rising $9 to the $1,706.00 level and the latter gaining $5 to reach back to the $743.00 mark [...]
American Palladium Eagles Authorized
A series of new coins, American Palladium Eagles, are set join the United States Mint family of gold, silver and platinum coins.
President Obama signed the American Eagle Palladium Bullion Coin Act of 2010 into Public Law 111-303 on Tuesday, December 14, 2010. It went through the House and Senate as H.R. 6161, which was introduced by Rep. Denny Rehberg of Montana on September 22, 2010 [...]
Friday Kitcommentary From Kitco Metals Inc. – Moribund Money Morticians
After having fallen to two-week lows in the wake of dollar strength and near-year-end profit-booking, gold prices managed to stabilize and even stage a modest comeback overnight.
The keyword was 'modest' as the metal is still set to record an about 1% loss for the current week amid lackluster physical demand and the apparent shift not only in dollar sentiment, but actual dollar values over recent weeks. Nothing tells the dollar rebound story quite as well as the rise in rates on a certain instrument [...]