Monthly Archives: May 2011

The opening $1,760.00 price for the newly released 2011 American Buffalo Gold Proof Coin appears to have pressured demand. Fewer of the collector 24-karat gold coins were purchased during its opening days than in previous years, according to newly released United States Mint sales figures.

The United States Mint released the proof coin Thursday, May 19. Collectors scooped up 5,782 by [...]

Metals markets opened with a tad of weakness manifest in gold and lingering strength in the other components of the complex this morning.

Spot gold traded near the $1,525.00 area showing initial losses of from 20 cents to $1.50 per ounce on the bid-side. Silver remained higher, adding 55 cents on the open to rise to the $37.18 mark per ounce.

Meanwhile, platinum and palladium each gained $7 per ounce to start the midweek session off at [...]

The first ever European auction devoted primarily to PCGS certified coins will be conducted at the prominent French antiques and collectibles auction house's gallery VV, Drouot, in Paris on May 31, 2011. Over 500 lots of world and United States coins certified as authentic, graded and encapsulated by PCGS Paris will be offered.

"We chose PCGS to grade this auction as it is the premier third-party, independent grading company recognized worldwide," said Gaëtan Warin [...]

Rising gold prices will kick-in automatic price increases for United States Mint numismatic gold coins, returning them to their highest levels ever.

The Mint on Wednesday before noon Eastern Time is expected to raise the prices for its 2011 Proof Gold Eagle Coins, 2011 Uncirculated Gold Eagle Coin, First Spouse Gold Coins and Proof American Gold Buffalo. The opening price for the 2011 Proof Platinum Eagle Coin which launches on Thursday is also now known [...]

U.S gold prices continued to march higher Tuesday, closing up 0.5 percent and to a three-week high. Silver rallied 3.5 percent and to its best settlement price in two weeks.

Euro zone debt concerns and a weaker U.S. dollar precipitated precious metals gains, opined analysts.

June gold prices rose $7.90, or 0.5 percent, to $1,523.30 an ounce on the Comex in New York -- its best close since [...]

GreatCollections is proud to auction a newly discovered 1842-O $10 Gold Eagle, which ranks among the finest known.

The coin was originally purchased in the early 1960s for $225 at Woodward and Lothrop, a major department store in Washington, DC. The original envelope, with the dealer's handwriting notes "only 27,000 minted" as well as the purchase price will accompany the coin when it is sold by auction on June 26, 2011 [...]

Precious metals trading opened on a firmer note on Tuesday in New York. Gold added about $5 in the initial minutes of trading and it rose to $1,522.00 per ounce.

Silver outperformed once again, gaining more than 2% and adding 76 cents to last night's closing values with a rise to the $35.83 level on the bid-side. Platinum reversed Monday's losses with a climb of $11 to the $1,760.00 mark per ounce, while palladium gained $5 to touch the $733.00 per ounce price quote [...]

A spectacular silver tetradrachm of Naxos in Sicily, struck circa 415 BC, brought $174,800 and a gold medallion of the Roman Emperor Constantius II fetched $126,500 at the Heritage-Gemini auction of ancient coins, Thursday, April 14, in conjunction with the Chicago International Coin Fair in Rosemont, IL. All prices quoted include the 15% buyer's premium.

With ancient coins leading the way, the three-day series of auctions conducted by Heritage topped $9.6 million, nearly doubling results from the 2010 CICF sales and [...]

Northwest Territorial Mint, a primary source of US military challenge coins, has acquired Graco Awards, a prime contractor of medals and service ribbons for the Defense Supply Center and almost every government agency.

The combined entity will now employ more than 300 people at seven locations across the United States. The acquisition of Graco Awards will also add an additional 30,000 square feet of production facilities to Northwest Territorial Mint's 150,000-square-foot manufacturing capacity [...]

U.S gold prices advanced 0.4 percent Monday to a near two-week high despite a stronger U.S. dollar and falling oil prices -- conditions that tend to pressure the yellow metal. Gold's gains were attributed to safe-haven buying due to continued euro zone debt-woes.

Other precious metals retreated modestly, with registered losses of 0.8 percent for platinum and 0.5 percent for silver and palladium [...]