Monthly Archives: October 2011

Collectors who may be interested but have not yet purchased the commemorative Canadian $20 Canoe Silver Coin may want to now, as the $20 coin sold for $20 is approaching a sell out.

The $20 Canoe silver coin is the second issue in a Royal Canadian Mint commemorative series that features coins sold at face value. The first, depicting a series of maple leafs, had a mintage of 200,000 and sold out in 29 days. The commemorative Canoe coin's mintage was raised to 250,000, and 79 percent of them have already been sold in 27 days, the Royal Canadian Mint announced Monday [...]

Release dates are now known for the five 2012 America the Beautiful Quarters® that celebrate El Yunque National Forest in Puerto Rico, Chaco Culture National Historical Park in New Mexico, Acadia National Park in Maine, Volcanoes National Park in Hawaii and Denali National Park in Alaska.

Marking the third year since the quarters were introduced, the coins represent the 11th through 15th issue in the series which honor national parks and other national sites throughout the United States, D.C., and each U.S. Territory. There will be 56 quarters in total upon the final issue in 2021 [...]

Monday's New York spot metals' dealings opened with assorted gains that ranged from a strong 3.7% for copper to about a tenth of that for silver. Gold was bid at $1,656 and showed a gain of $14.20 per ounce while the white metal climbed one dime to reach $31.51 the ounce.

Those initial gains in gold moderated somewhat after the first hour of trading action. The noble metals advanced more robustly, with platinum rising $21 to the $1,532 level and with palladium gaining $17 to reach $629 the ounce. No changes were reported in rhodium which was still bid at $1,625 this morning [...]

The Santa Clara Coin, Stamp & Collectibles Expo will be held Friday through Sunday, November 18 - 20, 2011 in the Santa Clara, California Convention Center, 5001 Great America Parkway.

Open to the public, over 400 dealers will be buying and selling gold, rare coins, paper money, postage stamps, postcards, autographs, historical documents, antiques and [...]

Gold surged Friday, snapping a string of four straight daily losses.

Gold prices rose $23.20, or 1.4 percent, to settle at $1,636.10 an ounce in the December futures contract on the Comex in New York. The yellow metal traded between $1,612.80 and $1,649.80.

Although prices moved within a somewhat narrow range Friday, they swung with a touch of volatility during the week. The five days of trading saw an intraday low price of $1,604.70 an ounce on Thursday and a high of $1,696.80 an ounce on Monday -- more than a $92 difference [...]

Pricing for the American Silver Eagle 25th Anniversary Set was announced on Thursday by the United States Mint.

The collectible anniversary set featuring five 2011-dated American Silver Eagles will be available for $299.95, more than some expectations but less than others. Scheduled for release on October 27, the sets have an order limit of five per household.

Reaffirmed by the Mint Thursday as well was the 100,000 maximum mintage, which is appealing [...]

Following a string of losses that has extended over four trading sessions, gold prices tried to stabilize in the $1,630s overnight as a modicum of optimism over Europe's debt crisis resolution emboldened a few buyers to pick up some bullion. Still, the week that was will likely be tallied as gold's worst in one month as the yellow metal's value eroded by over 3%.

Most trading surveys taken a week ago envisioned a higher gold price for this past week and traders were noted to be at their most bullish since the big price rout took place in September. However, hectic conditions in Europe, equity market turbulence, and fund redemptions kept gold in check despite the calendar showing only one week to go prior to Indian festival time [...]

Gold futures dropped for a fourth straight day Thursday as technical selling and European uncertainty weighed into the picture.

"There is no real support for gold until it trades back toward $1,550-1,575. We fear it may get there faster than anyone might wish to imagine given the liquidation pressure taking place," independent investor Dennis Gartman was quoted on Reuters.

Gold prices fell $34.10, or 2.1 percent, to $1,612.90 an ounce in the December futures contract on the Comex in New York. Gold traded from [...]

Evidently, NOT.

Thursday morning did not suffer from a lack of market-moving news, that's for sure. The world became one strongman shorter this morning as "The Colonel" -- a man who hated to climb more than 35 steps and surrounded himself by an all-female security detail -- "met his maker" over in Libya, following a gunfight.

The US State Department was uber-cautious and it did not initially confirm Mr. G's capture or demise, despite photos of a blood-covered man that appeared to be him making the rounds on the Internet already. It all started months ago with the slapping of a hapless fruit vendor in Tunisia [...]