Monthly Archives: February 2011
Uncirculated 2011 Mint Set Released
The United States Mint today, February 8, released its uncirculated 2011 Mint Set for a price of $31.95.
Its release date was first officially announced in September and is a part of a US Mint plan to issue core annual products earlier in the year.
While many coin collectors will describe the new product simply as the "2011 Mint Set," its official registered name is the [...]
Collateral Consequences – Tuesday Kitcommentary
After the first hour of trading in New York the snapshot price check indicated gold ahead by $10.00 an ounce, at $1,362.1o on the bid-side.
CFTC data continued to reveal that speculative interest in gold bullion is still waning -- to the benefit of other, apparently more 'attractive' metals. The shrinkage in long gold positions (10,500+ contracts lost in the latest reporting week) continued for a fifth week last week, despite the apparent recovery in bullion values [...]
NGC Certifies Unpublished 1892-CC $10 Gold Eagle Triple Die Variety
Numismatic Guaranty Corporation (NGC) has announced that they have certified a significant Carson City Variety.
A coin submitted to NCS for conservation followed by NGC grading has turned out to be an unpublished variety.
This gold eagle coined at the Carson City Mint in 1892 bears a distinctly tripled reverse [...]
Gold Dips Slightly, Silver Advances 1%
U.S. gold and platinum prices dipped modestly Monday while silver and palladium settled higher.
A stronger dollar and expectations for an eventual interest rate hike were among the catalysts cited in pressuring gold.
April gold prices edged lower 80 cents, or 0.1 percent, to $1,348.20 an ounce on the [...]
Gold Nugget and Huell Howser Among Highlights in Long Beach Coin...
A visit by well-known Southern California television personality Huell Howser and the first Southern California public display of a recently discovered, nearly 100-ounce gold nugget were among the highlights of the Long Beach Coin, Stamp & Collectibles Expo held February 3 - 5, 2011.
Howser videotaped interviews for an upcoming episode of his long-running TV program, "California's Gold," that is broadcast on KCET in Los Angeles and other public television stations in the state [...]
Senate Repeals IRS 1099 Form Reporting Requirement
A bipartisan amendment that recently passed in the United States Senate may mean good news for coin dealers, collectors and other businesses. It seeks to repeal the IRS 1099 form reporting requirement put in place by the Patient Protection and Affordable Care Act which passed and was signed into law last year [...]
Gold and Silver Gain for Second Straight Week
U.S. gold prices retreated Friday, but losses were slight and the yellow metal settled 0.5 percent higher on the week, capping its second straight weekly gain.
The U.S. dollar rose following a Labor Department report showing that the U.S. unemployment rate fell to 9 percent. That, combined with weakened safe-haven buying, was bearish for the yellow metal [...]
Ronald Reagan Commemorative Coin Act Reintroduced in U.S. House
The Ronald Reagan Commemorative Coin Act of 2011, numbered H.R. 497, is the first coin-related bill introduced this year and in the 112th Congress.
The legislation calls for up to 50,000 $5 coins and 300,000 $1 coins featuring an image of Reagan on the obverse or heads side with an inscription that celebrates the 100th anniversary of his birth, which is on Sunday, February 6, 2011 [...]
2011 American Gold Eagle Bullion Sales Mark Third Best January
Demand for American Gold Eagle bullion coins is on the rise with the latest United States Mint sales figures showing 133,500 ounces delivered in January 2011.
Gold Eagle bullion sales last month rank as the third best January. US Mint Authorized Purchasers snapped up 142,500 ounces during the same period in 1987, leaving it solidly second. The top two and three slots are eclipsed by the first issue month in 1999 when the US Mint recorded sales of 281,000 ounces [...]
Expect the Unexpected – Friday Kitcommentary
Gold briefly retreated to under $1,350 an ounce following the Labor Department announcement, after first spiking higher on the news.
Following that dip, it bounced back towards $1,355, once again. Then, after that, it was back down to $1,350, once more. And, following that set of gyrations, it was...back up again, nearing the $1,360 area. Do the (chart) wave, shall we? [...]