Monthly Archives: January 2011
Bowers and Merena’s Tampa Bay Rarities Sale Tops $4 Million
Bowers and Merena, one of the world's preeminent auctioneers for rare coins and currency, began 2011 with the first major numismatic event of the year, the January Tampa Bay Rarities Sale.
The single-day, single-session event held Jan. 4 offered nearly 1,700 lots of rare United States and Colonia-era coinage. With coins performing exceptionally well, sales topped $4 million [...]
Gold Prices Rise 0.7%, Silver Advances 2.2%
U.S. gold and silver futures prices rose for a second straight day on Tuesday, with gold climbing 0.7 percent and silver jumping 2.2 percent.
Platinum lengthened its string of daily gains to four with a pick-up of 1.4 percent while palladium rallied 4.5 percent, advancing for the first time since Wednesday [...]
US Mint 2011 Proof Set Released
The United States Mint today, January 11, 2011, at noon ET released the 2011 Proof Set for a price of $31.95.
It is the first time in more than a decade that a major annual product has been available so early in the year. The January release was announced in September, and is a part of the US Mint plan to launch core products earlier in the year [...]
The B-Word Is In The Eye Of The Beholder – Tuesday...
Spot gold started off with a $5.70 per ounce gain this morning, opening at the $1,382.40 bid level as against a US dollar at 80.84 on the index, but assisted by a near 90-cent gain in black gold (last seen at $90.23 per barrel).
The rally was rather short-lived, as it turned out, as a subsequent (and more substantial) advance in the dollar truncated the initial buying energy and the precious metals turned negative (revisiting the $1375.00 area once again) [...]
US Mint 2010 Annual Coin Production Rises 79.6%, Mintages Near 6.4...
US Mint annual coin production shot higher in 2010 after circulating coin mintages plunged to the lowest point in decades during the previous year.
2010 levels were still significantly lower than those from 2008, however, when the American recession began to earnestly kick-in and cut the demand for circulating change [...]
Raiding The Treasury(s) – Monday Kitcommentary
Some price weakness continued to remain manifest in gold, and to a lesser extent in other precious metals, as the second trading week of 2011 got underway overnight.
The near 4% loss in gold's value that took place last week is currently also being tied to the euro's most recent woes and to its own breakdown to beneath a second support line at $1.29 against the greenback.
Friday's bearish-tilting weekly low closing does not mean that bounce-backs will not be attempted this week, but it does [...]
Silver Eagle Bullion Coins Close to New Annual Sales Record
United States Mint American Silver Eagle bullion coins shattered their old annual sales record by nearly 6 million coins. Silver Eagles reached sales of 34,662,500 in 2010, capping their third straight annual gain.
December sales were sluggish -- the slowest in 2010, but previous months were mostly on fire and a new annual sales record was already assured following an all-time monthly high of [...]
Annual 2010 Gold Eagle Bullion Coin Sales Top 1.2 Million Ounces
United States Mint 2010 Gold Eagle Bullion Coins stumbled in December. Buyers in 2010 scooped up 1,220,500 ounces of the 22 karat coins which were introduced in 1986. The level marks a 14 percent decline from the previous year.
December, historically one of the strongest months of the year for sales, turned out to be dismal for the [...]
America the Beautiful Silver Bullion Coins Size to Remain at 3.0...
The United States Mint will not change America the Beautiful Silver Bullion Coin specifications despite recently inheriting new authority to adjust their size.
The Coin Modernization, Oversight, and Continuity Act, which was signed into Public Law 111-302 by President Obama on December 14, permits the US Mint to produce the 5-ounce, .999 fine silver coins in a diameter ranging between 2.5-3.0 inches. The original law mandated a 3.0 inch diameter [...]
Odyssey Wants Government Out of Black Swan Case After WikiLeaks Revelations
Odyssey directed its legal team to file a Motion to Strike the amicus brief filed by the United States in support of Spain in the "Black Swan" case currently pending before the Eleventh Circuit Court of Appeals.
If the court opts to not strike the brief, Odyssey seeks to have the court direct the United States government to amend its statement of interest to more accurately reflect its true position on the matter [...]