Monthly Archives: November 2011
Gold, Silver Retreat; Bullion Silver Eagles Top 37M
Gold dipped for the first time in three days Wednesday as the U.S. dollar surged amid turmoil in world stocks as fears escalated over Europe's debt crisis. Those fears were said to limit losses in gold, despite gains in the greenback.
"Gold prices are likely to reflect the degree of trust and confidence that investors have in the authorities to solve the (European debt) crisis," said HSBC metals analyst James Steel, according to Reuters.
Gold prices declined $7.60, or 0.4 percent, to $1,791.60 an ounce in the December futures contract on [...]
Final Days for Mount Hood National Forest Quarters
Buyers have less than a week to purchase directly from the U.S. Mint bags and rolls of Mount Hood National Forest Quarters. In keeping with its last chance announcement, the Mint will permanently pull the coins from store shelves on Tuesday, November 15, at 12:00 noon ET.
Bags and rolls of Mount Hood Quarters first went on sale November 15, 2010 when they were released into circulation. Two-roll sets were released at $32.95 while bags were listed for $35.95. Those same prices are available until Tuesday at http://www.usmint.gov/catalog or via 1-800-USA-MINT(872-6468) [...]
American Silver Eagle 25th Anniversary Sets Delivered, Back on eBay
American Silver Eagle 25th Anniversary Sets started arriving at buyer's doorsteps Wednesday. The sets, which commemorate the 1986 introduction and resulting anniversary of the American Silver Eagle, sold out in under five hours -- all 100,000 of them.
Many collectors were none too pleased with the outcome, having spent hours trying to order one themselves only to be turned away by a non-responsive United States Mint online ordering system and busy phone lines. But those who were able to make a purchase through the difficulties are smiling happily. Their American Silver Eagle collection is enhanced. There are those who will also resell their set(s) for a very tidy profit [...]
US Mint Sales: Annual Sets and Silver Eagles Top 10 Sellers
The latest sales figures from the United States Mint are here. While the buzz in the numismatic community continues to key on American Silver Eagle 25th Anniversary Sets which have started shipping, collector's spent their dollars on always-popular and less expensive United States Mint offerings, like annual sets and individual American Silver Eagles.
Often leading sales, 2011-W Proof Silver Eagles came in second place with 17,701 scooped up versus the previous 22,110 weekly gain. That brought their individual total to 823,598. 2011-W Uncirculated Silver Eagles rang the bell as the fifth best seller, rising 4,767 to 187,810. Their previous weekly sales had actually trimmed their total by -12,464 [...]
Gold Touches $1,800 while Silver Prices Advance 0.9%
Gold prices advanced with a high above $1,800 an ounce on Tuesday, although the yellow metal later gave back a portion of its gain and missed the milestone by 80 cents. A weaker U.S. dollar and continued worries over Europe's debt crisis supported higher prices, opined analysts.
"Today's focus is the lack of real resolution to the issues in the euro zone and the concerns of the Italian debt crisis. For the short term, gold looks like it is going to break over the psychological resistance of $1,800," Reuters quoted said Miguel Perez-Santalla, vice president at Hereaus Precious Metals Management.
Gold prices advanced $8.10, or 0.5 percent, to close at $1,799.20 an ounce in the December futures contract on [...]
Certain Gold Coins Again Set for US Mint Price Increases
Based on the recent direction of precious metals, another series of prices increases is more likely than not for certain United States Mint commemorative and collector gold coins.
Unlike prices for investment-grade bullion coins that change based on the latest value of the precious metal they contain, United States Mint commemorative and gold coins produced for collectors may have their prices adjusted up to once a week. For a second straight week, it appears those prices will be increased on Wednesday [...]
Chickasaw Quarter Ceremony Location Moves to Vendome Well
Chickasaw National Recreation Area Quarters will launch as expected on Wednesday, November 16, at 11:00 a.m. CT, but the United States Mint has announced that the ceremony location has changed to Vendome Well, a popular attraction in the Chickasaw National Recreation Area. The Chickasaw quarter ceremony was originally scheduled at the Point at the Lake of the Arbuckles.
Coin forum details have also been provided by the Mint. Occurring on the day before the ceremony, Tuesday, November 15, coin enthusiasts can [...]
In The Lead – Secrets Exposed. Burn After Reading.
Precious metals prices opened mixed on Tuesday with gold and silver retreating a bit while platinum and palladium staged advances. Spot gold was quoted at $1,791 per ounce, down about $5 while silver fell 15 cents to the $34.bid level per ounce. A $2 gain was noted in platinum (quoted at $1,658) while palladium moved $13 higher to reach $673 per troy ounce. Rhodium remained static at $1,675 per ounce on the bid-side.
The noble metal palladium (still our favorite medium-term play) partially benefited from recent robust GM and Toyota car sales figures coming out of China and partially from the replay of the story that Russia's state-owned palladium reserves [...]
Gold Prices Hit Six-Week High, Silver Gains 2.2%
Gold prices on Monday reached a six-week high on safe-haven demand as the global spotlight shifted from Greece's debt-woes to those of Italy.
"The problems in Europe are not disappearing in a hurry, and there is so much confusion," Thorsten Proettel of Landesbank Baden-Wuerttemberg in Stuttgart, Germany, said in a telephone interview cited on Bloomberg. "There is a basis for gold to continue to rise."
Gold prices rose $35.00, or 2.0 percent, to $1,791.10 an ounce in the December futures contract on the Comex in New York [...]
American Gold Eagle Bullion Coin Sales Ease Again in October 2011
Demand for American Gold Eagle bullion coins eased for a second straight month in October, according to finalized sales figures from the United States Mint. October's 50,000 ounces trailed behind September's 91,000 ounces which followed the rush for gold in August at 112,000 ounces.
Last month's pace was also the slowest in 2011, and much slower than October 2010 which had registered sales of 94,000 ounces. Against every October since the series started 25 years ago, the month ranked 14th highest. October 1986 remains the best at 692,000 total ounces [...]