Monthly Archives: October 2011
American Silver Eagle 25th Anniversary Set Available
The American Silver Eagle 25th Anniversary Set is now available from the United States Mint for $299.95, plus the standard shipping and handling fee of $4.95. The anniversary set, as expected, went on sale at Noon Eastern Time on Thursday, October 27, 2011.
This special release celebrates 25 years of the American Silver Eagle coin. The United States Mint has been striking the one ounce .999 fine silver coins every year since 1986 in the bullion version and all but one year, 2009, in the numismatic proof version. The collector uncirculated strike has only been around a few times in the last five years [...]
In The Lead – Europhoric Men In Black
Spot metals dealings opened with gains this morning, but such advances were more sizeable in the industrial metals than they were in gold. With the US dollar being much lower on the trade-weighted index and with risk appetite having probably turned voracious after the EU announcements, one might have expected the yellow metal to try to test the upper reaches of its recent upward correction (near $1,750). But, as they say, it's never too late to try.
In any case, the gains that gold achieved over the past couple of sessions now appear to have slowed as the semi-resolution of the European crisis does imply the waning of some safe-haven searches and the quest for making a buck in certain other assets possibly reasserting itself. We did find it a bit curious that [...]
House Passes National Baseball Hall of Fame Commemorative Coin Act
Commemorative coins celebrating the National Baseball Hall of Fame are one step closer to becoming reality.
Introduced on July 14 by Rep. Richard L. Hanna, R-N.Y., the U.S. House of Representatives on Wednesday approved the National Baseball Hall of Fame Commemorative Coin Act in an overwhelming vote of 463 to 3.
The commemorative coin Act, numbered H.R. 2527, instructs the United States Mint to produce up to 50,000 $5 gold coins, 400,000 silver dollars and 750,000 50C half-dollars to commemorate the National Baseball Hall of Fame soon after its 75th anniversary in 2014. The coins would be produced and issued for calendar year 2015 [...]
Perth Mint’s 1 Tonne Gold Kangaroo Coin is World’s Biggest Bullion...
In a move likely to intrigue anyone who hears about it, the Perth Mint of Australia has unveiled an enormous 1 tonne Gold Kangaroo Coin.
The Australian strike is touted by the Perth as the "biggest, heaviest, inherently the most valuable gold bullion coin in the world."
The specifications of the new Gold Kangaroo coin back up the Perth Mint's claim. The massive piece weighs in at approximately one ton which equates to 1,000 kilograms or 32,150.746 troy ounces. This coin's diameter and thickness are [...]
Gold Advances $110 in Four Days as Silver Rallies $3
Gold futures rallied again Tuesday, extending a streak of gains to four straight days in which the yellow metal has surged by a combined total of $110.60, or 6.9 percent. The tense situation over Europe's debit crisis has elicited safe-haven buying, opined analysts.
"There is no quick fix to European debt issues, so gold's crisis-hedge status is driving the metal higher," Scott Gardner, the chief investment officer at Verdmont Capital SA in Panama, said in an e-mail that was cited on Bloomberg.
Gold prices advanced $23.10, or 1.4 percent, to $1,723.50 an ounce in the December futures contract on the [...]
US Mint Sales: Silver Eagle Coins Slower, Vicksburg Quarter Set Debuts
Demand weakened a bit for many of the major United States Mint products, including each of its American Silver Eagle coins, but the bureau's latest sales figures show a mostly steady stream of buying across its offerings.
Sales data published last week had uncirculated Silver Eagles higher for the first time in three weeks. Its total had been suffering weekly cuts due to cancellations and returns following a drop in silver prices and resulting Silver Eagle suspensions. The coins moved higher for a second straight week, but at a slower pace. The uncirculated Silver Eagle advanced [...]
In The Lead – Europe After Dark
This morning, gold spot dealings opened at the $1,704 mark on the bid-side and follow-through buying by momentum players was expected to become manifest for at least the first half of the day's session. Silver traded 7 pennies higher and was quoted at $33.34 the ounce. Current resistance in the white metal extends from $33.50 to $34 the ounce.
The noble metals advanced by $6 each in the case of platinum and palladium. The former reached $1,570 and the latter $647 per ounce. Copper added another 3.3% this morning-for good measure. Oil fell back by [...]
Gold Rallies Above $1,700, Silver Soars $1.41
Gold futures rallied nearly $50 Tuesday and closed above $1,700 an ounce as fresh concerns surfaced over Europe's debit crisis.
"People are realizing that the European situation is not resolving itself, and it's coming to the forefront again," Reuters earlier quoted Zachary Oxman, managing director at futures broker TrendMax.com. "If we can close above $1,700, I think we will see a meaningful jump in the next few weeks and $1,900 is very possible again."
Gold prices soared $48.10, or 2.9 percent, to $1,700.40 an ounce in the December futures contract [...]
Glacier National Park 5 Oz Silver Uncirculated Coin Launches
Launched at the lowest price in the series to date, collectors can now purchase the 2011-P Glacier National Park Five Ounce Silver Uncirculated Coin for $229.95.
The United States Mint released the uncirculated coin at noon Eastern Time Tuesday, October 25. It is the second 2011-dated five ounce collector issue, and the seventh overall in the America the Beautiful Five Ounce Silver Uncirculated Coin™ series. The first four coins in the series, also released this year, sold out. The fifth and sixth coins are still available and at the same $229.95 -- these two originally launched $50 higher at $279.95 [...]
Gold, Silver Extend Gains into Second Day
Gold rose along with stocks and other riskier bets Monday, marking a second straight day of gains that cut into last week's losses.
"Gold has moved away from a more traditional safe haven to a risker asset, commodity-type play," Reuters quoted David Meger, director of metals trading at futures broker Vision Financial Markets. "And riskier assets are all trading in tandem right now with the Europe situation."
Gold prices advanced $16.20, or 1.0 percent, to $1,652.30 an ounce in the December futures contract [...]