Monthly Archives: April 2011

As silver prices shot over $40 an ounce on Friday, the United States Mint suspended the sale of two of its silver products.

The US Mint online store shows a hold on its 2010 Silver Proof Set and 2010 America the Beautiful Quarters Silver Proof Set, indicating they are "temporarily unavailable."

The US Mint last suspended the sale of silver products in mid-March when the agency implemented [...]

The opening gains in precious metals this morning brought the achievement of previously estimated price targets near $1,475.00 into the realm of reality.

Spot gold dealings opened with a $13.60 per ounce gain in New York and a bid-side quote at $1,472.00 amid hectic activity. Silver added 63 cents to open at $40.27 the ounce. Massive gains in platinum (up $33 to $1,813.00) and palladium (rising $24 to $798.00) were also manifest and cited "economic optimism" as the principal driver of such value additions [...]

U.S. gold and silver prices continued to extend their gains Thursday, although advances were modest. Gold edged up 80 cents to a new record for a third straight day while silver added 16.5 cents to mark a fourth consecutive day at a new 31-year high.

June gold prices inched 0.1 percent higher to settle at $1,459.30 an ounce on the Comex in New York. Gold traded between [...]

In a written statement to Congress, well-known rare coin dealer and award-winning numismatic author, Michael Fuljenz, stated that recent problems involving the marketing and delivery of popular gold and silver bullion coins are due to "a lack of adequate communications" by officials of the United States Mint.

Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas, submitted his written comments for the record of the April 7, 2011 hearing on "Bullion Coin Programs of the United States Mint: Can They Be Improved?" conducted by the House Financial Services Subcommittee on Domestic Monetary Policy and Technology [...]

Precious metals trading opened on a mixed note this morning as the trade parsed the various statements coming out of the Brussels, Lisbon, London, and Tokyo for clues as to what tenor today's market betting might take on.

No surprises were detected in such announcements, and thus a bit of stability is what defined the first hour of trading action. Spot gold traded from up 80 cents on the open to down $2.10 cents shortly thereafter, but remained largely in orbit around the $1,460.00 level [...]

U.S. gold and silver prices extended their gains Wednesday as gold reached a new all-time record high for a second straight day and silver advanced to a fresh 31-year high for a third day.

The metals gained on the back of a weaker U.S. dollar and expectations of higher inflation [...]

The US Mint introduced three coin products last week, and the agency has provided the debuting sales figures for two of them in its latest weekly report.

2011 Native American $1 Rolls debuted first with their launch on Monday, March 28. By Sunday, April 3, debut sales combined to 19,056, split out at 9,655 for the 25-coin (P) rolls and 9,401 for the 25-coin (D) rolls. An apple-to-apple comparison with last year's rolls [...]