Monthly Archives: July 2011
In The Lead – Welcome! You’ve Got Bail (or not)!
Gold prices finally gained sufficient ground after three down sessions to recapture the $1,500.00 mark (just barely) as the new, abbreviated trading week got underway in New York this morning.
The yellow metal's overnight gains had been achieved on account of the US dollar touching three-week lows against the euro and due to continuing uncertainties surrounding the Greek debt situation. As well, some bargain hunting had manifested in the market following the contact with six-week low prices that gold had achieved last week following some sharp sell-offs [...]
GreatCollections Auctions 1842-O $10 Gold Eagle for $57,970
GreatCollections successfully auctioned the 1842-O $10 Liberty Eagle PCGS MS-60 CAC, after spirited online bidding took the final winning bid to $57,970.
The winning bidder was a private East Coast collector, who has a history of buying premium quality U.S. rarities with pedigree information.
The consignor inherited the coin from a family member who purchased it in the 1960s for $225 from Woodward and Lathrop, a Washington, D.C. department store [...]
Ulysses S. Grant Presidential $1 Dollar Coin Cover Available
On Wednesday, June 29, 2011, the United States Mint released the Ulysses S. Grant Presidential Coin Cover for $19.95.
The coin cover includes two circulation quality dollar coins mounted on a display card inside an envelope with a U.S. 44-cent Flag postage stamp. Each Ulysses S. Grant dollar is specially chosen from the first day of production. The US Mint facility in Denver produced one of the strikes on March 2, 2011, and Philadelphia's US Mint facility struck the other on March 7, 2011 [...]
In The Lead – The China Syndrome… of Another Kind
Gold prices touched lows not seen in over six weeks overnight and they were heading towards finishing this week with their worst performance since the commodity meltdown of early May.
Spot quotes received during the wee hours showed the yellow metal trading near the $1,486.00 mark per ounce despite a slightly lower US dollar but certainly being "assisted" by a larger-than-$1 slippage in black gold.
For the time being, the news that China's manufacturing activity expanded at its slowest pace in nearly two-and-a-half years also put a fairly heavy damper on [...]