Monthly Archives: December 2010
US Mint Delays America the Beautiful Silver Coin Launch After Price...
The United States Mint planned on releasing its new America the Beautiful Silver Bullion Coins today.
Interest in the debuting 12-year series is strong and the opening demand for them was as well -- despite asking prices that were out of the park. It was the high prices that caused the US Mint to delay their launch [...]
Coin Modernization Act to Become Law
A multipurpose bill named the Coin Modernization, Oversight, and Continuity Act of 2010 is set to become law following its House passage in September 22, 2010, and its approval in the Senate on November 30, 2010.
Once President Obama signs the coin modernization act into law as he is expected to do this week, the United States Mint will be granted new powers to [...]
Seventh Annual PNG YN Scholarship Competition Announced
The Professional Numismatists Guild (PNG) will provide a scholarship to a deserving young numismatist (YN) to attend the 2011 American Numismatic Association (ANA) Summer Seminar in Colorado Springs, Colorado.
This is the seventh consecutive year of PNG YN scholarships for the popular, annual ANA program [...]
Gold, Silver, Metal Prices Commentary for Dec. 6, 2010
Gold spot prices opened at $1,414.30 per ounce in New York, showing a 20-cent loss on the bid-side as some $12 worth of physical buying was mitigated by a corresponding decline in value on account of the rising US dollar.
Spot silver on the other hand, surged 37 cents to open at $29.75 as more fund money was in sight, banking on it to outperform; this, after the metal came up four cents short of the round $30 figure overnight [...]
November 2010 Gold Eagle Bullion Coin Sales Rise for Third Month
The United States Mint sold more American Gold Eagle bullion coins in November 2010 than in each of the previous three months, with the largest one-ounce size comfortably leading sales.
The fractional one-half and one-quarter ounce sizes doubled their previous monthly sales, but the the smallest one-tenth ounce size recorded its worst month since the fractional Gold Eagles went on sale in June [...]
November 2010 Silver Eagle Bullion Coin Sales Hit 4.26 Million Record
American Silver Eagle bullion coins sprinted out US Mint doors in November 2010. Prior sales records were shattered left, right and center.
2010 Silver Eagle coin sales were higher for a second straight month, supported by physical demand driven by November silver prices which soared 15 percent and reached above $29 an ounce. But more impressive for the .999 fine silver pieces [...]
Mary Todd Lincoln First Spouse Gold Coins Issued
The United States Mint on Thursday, December 2, launched the new Mary Todd Lincoln First Spouse Gold Coins. The $10 denominated coins are struck from one-half ounce of 24 karat (.9999 fine) gold and are offered in collector proof and uncirculated conditions.
On the obverse (heads side) of the Mary Told Lincoln First Spouse Gold Coins is a portrait of her that was designed and sculpted by Phebe Hemphill. The reverse was designed by [...]
Gold, Silver, Metal Prices Commentary for Dec. 3, 2010
Spot gold prices had opened with modest gains near $1,385.00 the ounce, but quickly added value following the jobs report. Silver spot prices rose to $28.95 the ounce (up 39 cents) in the wake of the US Labor Department release.
Speculators continued to fan the flames in platinum (still up $8 to $1,719.00) and to a lesser extent in palladium (unchanged at $760.00 but up $5 earlier) despite the fact that the sagging jobs picture does cast some doubt on just who will buy more cars in December if in fact joblessness (at these elevated levels) stays with us [...]
Gold Nearly Touches $1400, Silver Prices Edge Higher
A weaker U.S. dollar again fed gold prices and this time to within an inch of $1,400 an ounce. However, profit-taking stepped in and snatched away most of Thursday's gains, leaving the yellow metal a modest pick-up of $1.
Palladium was the biggest gainer among precious metals for a second straight day. Prices soared 4.3 percent after rising 4.2 percent on Wednesday. Platinum followed [...]
Gold, Silver, Metal Prices Commentary for Dec. 2, 2010
New York market opening time had little in the way of variety to add to the overnight trading patterns and ranges in gold and silver. The yellow metal opened the Thursday session with a $1.80 per ounce gain and was quoted at $1,388.40 the ounce.
This morning's jobless claims put a bit of a damper on yesterday's jobs creation statistics. The dollar however refused to roll over and slip away on the news, at least initially. Gold and silver remain poised to try to penetrate the $1400 and the $29 levels respectively, but [...]