Monthly Archives: May 2011

U.S. gold futures declined by more than 1 percent for a second straight day on Wednesday.

Silver prices plunged 7.5 percent to below $40 an ounce after margin requirements were raised three times in a week. The metal registered its biggest three-day loss since 1983, according to Bloomberg.

"The big correction in silver kind of led the way, and that got people looking at commodities as a whole," said Richard Ilczyszyn [...]

The 3rd edition of Strike It Rich With Pocket Change, by renowned error coin experts Ken Potter and Dr. Brian Allen, is now available from Krause Publications.

The new edition of Strike It Rich With Pocket Change includes dozens of new varieties on State Quarters, Presidential Dollars, "Ocean In View" Nickels, and Lincoln cents; more defined photographs and illustrations; and an addition of type and degree of error information in the descriptions.

"Have you ever knowingly spent $100 on a candy bar or $50 on a soft drink? As ludicrous as the concept sounds, there is no doubt that you [...]

The midweek trading session in New York opened with losses in all metals but gold this morning as the white and noble metals sank and the yellow one attempted to regain some lost footing in the wake of a further easing in the US dollar.

While spot gold did open with a $1.10 gain and was quoted at $1,538.20 on the bid-side, as against a 0.19 drop in the greenback on the trade-weighted index, silver slipped yet another 64 cents to open at the $41.02 mark (after having touched $40.26 overnight -- fully $10 under last Friday's high water mark in values) [...]

The Perth Mint of Australia released its 2011 Proof Australian Sovereign Gold Coin on May 3, marking the third year of issue after a 78-year hiatus from regular sovereign production.

The sovereign was a crucial component to the British commerce and banking system and has a history dating back to the 15th century. The Perth Mint was a part of that history, producing more than 100 million of the coins during the reigns of Queen Victoria, King Edward VII and King George V [...]

Gold futures dropped 1.1 percent Tuesday, ending a streak of four record settlements. Silver prices continued to tumble, falling 7.6 percent on the day and 12.4 percent since Friday.

June gold prices ended down $16.70 to $1,540.40 an ounce on the Comex in New York. Gold ranged between $1,516.20 and $1,551.40 [...]

As part of its continuing expansion, Heritage Auctions of Dallas, New York and Beverly Hills, has acquired Gold Rarities Gallery of Bedford, New Hampshire, and the firm's President, Al Pinkall, has joined Heritage as Director, Numismatic Sales Department.

A collector since childhood, Pinkall has been a full-time professional coin dealer for 25 years with extensive experience in high-grade and proof classic U.S. coins. In 2010, he acquired the rare coin and precious metal assets of another New England dealership, Ed Lee Certified Coins [...]

The latest round of United States Mint sales figures show several interesting product developments, including the near sell out of the three recently issued America the Beautiful 5 ounce Silver Coins.

The US Mint placed the collector Hot Springs National Park 5 Ounce Silver Uncirculated Coin on sale Thursday. 19,000 of the 27,000 sold by the evening. Around 2,000 remained as of late Monday afternoon. It would appear the Hot Springs issue is destined to sell out before the Mint is scheduled to lift its one per coin household limit on Thursday [...]

The focus in the marketplace remains almost entirely concentrated on silver and the silver bubble's developing story.

The CME hiked the margin requirements for silver speculation for the third time in a week, and the higher amounts necessary for gambling in the white metal will become effective as of the close of business tonight.

Yesterday, the price of silver fell by more than 8% (and by 13% earlier, ahead of Monday trading) and the price slide extended by an additional 2% during the overnight trading hours in Asia [...]

Gold futures rose modestly Monday, extending a streak of record session settlements to four.

Silver prices plunged 5.2% and toward $46 an ounce, falling the most since January and after CME Group Inc. raised trading margin requirements for the metal twice in a week.

June gold prices edged up 70 cents to $1,557.10 an ounce on the Comex in New York. Gold ranged from a low of $1,540.30 to a high of $1,577.40 [...]

The United States Mint this week on May 4 and 5 will issue three collector products after four launched last week.

Scheduled for release is the final 2010-dated America the Beautiful Quarters Three-Coin Set™ and two numismatic products with this year's date, the 2011 Uncirculated American Gold Eagle Coin, and the Eliza Johnson First Spouse Gold Coin. Each of the products are set for a 12:00 noon Eastern Time release [...]