Monthly Archives: March 2011
UK Royal Wedding Coins Availability
The only official UK coin being struck to commemorate the wedding of Prince William to Miss Catherine Middleton has gone into production at the Royal Mint in Llantrisant, South Wales.
Approved by the Royal Household and the Government, the coin features relaxed, modern portraits of the couple, an approach also evident in the informal use of their names and the date of the wedding circulating their portraits. The obverse bears a portrait of Prince William's grandmother, The Queen [...]
Heritage March Sacramento ANA U.S. Coin Auction Realizes $9.68 Million
It was a 1796 Half Dollar, 15 Stars AU58 PCGS, a stunning coin featuring one of the rarest designs in all of U.S. coinage, that emerged from spirited bidding as the top lot in Heritage Auctions' March 17-20 Signature® ANA U.S. Coin Auction, with a final price realized of $207,000.
The auction realized more than $9.682 million, all told, not counting continuing After Auction sales. All prices include 15% Buyer's Premium [...]
Gold Retreats After Record, Silver Touches $38
U.S. gold attempted a seventh day of straight gains Thursday as it reached a fresh record early, but the yellow metal later retreated and posted a slight 0.2 percent loss.
Silver moved its consecutive winning streak to five days as it soared over $38 an ounce before paring gains as it stepped back toward $37 to register a much more modest 0.5 percent pick-up.
April gold prices declined $3.10 to $1,434.90 an ounce on the [...]
Legend Numismatics Acquires Mickley 1793 AMERI. Chain Cent Valued at $2+...
Legend Numismatics of Lincroft, New Jersey is pleased to announce the purchase of a world-class partial Type set that has been off the market for many years.
This set contains a number of spectacular rarities in superb condition. Included in the set is the famous Mickley 1793 AMERI. Chain cent in PCGS Specimen 65. This is the finest AMERI. Chain cent ever graded by PCGS and is valued at over $2 million [...]
Ron Paul Introduces Free Competition in Currency Act of 2011
Congressman Ron Paul [R-TX] is seeking to end all taxes charged by federal, state and local governments on coins and bullion. Rep. Paul introduced the Free Competition in Currency Act of 2011, H.R. 1098, in the United States House of Representatives on March 15, 2011.
The move to end the taxation is one of three parts to the bill and marks a continuation of an effort by Paul that can be traced back to previous Congressional sessions. Those attempts stalled, leaving Ron Paul [...]
Thursday Kitcommentary: High Anxiety
Thursday's markets opened on a mixed note in New York as participants continued to digest the most potentially impactful news items from around the world and translated those conclusions into trading action.
Spot gold lost only $1.10 at the open and was quoted at a bid of $1437.50 per ounce. Contract switching, rollovers, and emergent pre-weekend trade book positioning are still likely to provide lively action as we head towards Friday's weekly close [...]
Gold Rallies to Record, Silver Tops $37 and Hits 31-Year High
U.S. gold futures rallied for a sixth straight day on Wednesday, closing to an all-time record high.
Silver prices soared 2.6 percent, advancing above $37 an ounce and finishing at its own 31-year high.
Unrest in Libya, dour U.S. housing data, and fresh euro zone debt concerns were among the bullish topics analysts cited for safe-haven gains in precious metals [...]
US Mint Sales: First Spouse Gold Coins Surge, Two Sell Out
The latest round of US Mint sales figures reveals some interesting weekly results. First Spouse Gold Coins jumped, resulting in two new sell outs this week. 2011 America the Beautiful Quarters Proof Sets debuted, but at a slower pace. And in a milestone, the 2011 Silver Proof Sets rallied above 300,000.
First Spouse Gold Coins rallied 968 as a group versus their previous weekly increase of 336. The following three uncirculated issues enjoyed the biggest gains [...]
Wednesday Kitcommentary: Gold Offer. Below Market Price. Not Spam.
Mild gains were noted in precious metals for a fourth session this morning and they were primarily driven by currency market gyrations and the uncertainties engendered by the on-going Japanese post-quake woes and by the allied campaign taking place in Libya.
Spot gold prices opened the New York midweek session with a gain of $3.80 per ounce and were quoted at $1,432.60 as of 8:20 local time. The advance in the [...]
House Committee Drafts Coinage Oversight Plan
Congress plans to address at least four topics related to coins in the upcoming two years -- counterfeits, costs, commemoratives and demand.
These topics are outlined in the recently published Oversight Plan of the Committee On Financial Services for the One Hundred Twelfth Congress. Their inclusion indicates that at least some members of the committee have an interest in [...]