Yearly Archives: 2011
Earth in Upheaval – Monday Kitcommentary
Gold continued to receive some additional safe-haven oriented bids and climbed $6.80 out of the market's starting gate in New York (the initial quote was $1,426.40 for spot bid prices). Silver added only 3 pennies to Friday's closing values however, to open at $35.93 per ounce.
Unsurprisingly, platinum and palladium suffered some declines in value as news of Japanese auto plant closures continued to unnerve speculators in that niche. Platinum dropped $16 to the $1,761.00 per ounce mark, and palladium fell $8 to the $749.00 level. Rising risk-aversion is also contributing to the possibility of additional selling. There has been a waning of investor interest in [...]
Gold Rises Friday but Dips Slightly on Week, Silver Maintains Healthy...
U.S. gold prices rebounded from earlier weakness and settled up 0.7 percent on Friday -- its biggest increase this week. The advance was not enough to overcome losses on Thursday, however, as the metal fell a modest 0.5 percent on the week.
April gold prices rose $9.30 to close at $1,421.80 an ounce on the Comex in New York [...]
US Mint Seeks Public Comment on Metallic Coin Composition Factors and...
The United States Mint wants your help, according to a press release it issued Monday.
The US Mint is seeking input from interested parties on what it should consider as it moves ahead in its Congressionally mandated look into alternative metals for use in the production of circulating coinage.
Congress ordered the review under the Coin Modernization, Oversight, and Continuity Act of 2010 [...]
1796 Half Dollar Leads March Sacramento ANA US Coin Offerings from...
A near-Mint State 1796 50C 15 Stars AU58 PCGS, O-101, R.5., will be among the top offerings from Heritage Auctions at its March 17-20 Sacramento Signature® ANA US Coin Auction, held in Hall A of the Sacramento Convention Center.
"The superb condition of this stunning 1796 15 Stars half makes it a truly exceptional coin," said Greg Rohan, President of Heritage Auctions, "one that'll make a handsome addition to the high-grade type set or a date/variety collection of an advanced numismatist." [...]
New Book Available: Coin Collecting for the Next Generation
A new book created to help hobbyists introduce the enjoyment of numismatics to children, Coin Collecting for the Next Generation, is now available.
Written by prolific author Kevin Flynn of Lumberton, New Jersey, the 128-page, softcover book gives collectors, dealers and show organizers successful ideas for getting children involved in coin collecting to help the hobby grow in future years [...]
Gold Pares Loss, Silver Prices Plunge
U.S. gold prices pared losses Thursday after news broke of protests in Saudi Arabia.
The metal still fell 1.2 percent on the day, but its decline was mild compared to the 2.7 percent plunge in silver prices.
April gold prices declined $17.10 to close at $1,412.50 an ounce on the Comex in New York. Gold hit an [...]
US Mint Sales: 2011 Medal of Honor Coins Gain, Yosemite Set...
The latest US Mint sales figures include one product addition, the Yosemite Quarter Three-Coin Set, versus the seven that debuted in the previous week's report.
The set and 2011 Medal of Honor Commemorative Coins were among the most prominent numismatic products to show better gains.
The Yosemite set outperformed the prior two releases with its sales debut of [...]
Slip and Fall on Oil Slick – Thursday Kitcommentary
The sharp decline in oil, along with an initial 0.61% gain in the US dollar on the trade-weighted index (just when one thought the "end" was nigh) made for a wobbly start in the precious metals' complex this morning.
Gold spot prices opened with a loss of $12.60 per ounce, and were quoted at $1,416.30 on the bid side. The lows came in below the second support level near $1,410.00 after [...]
2011 America the Beautiful Silver Bullion Coin Release Details
The first five-ounce 2011 America the Beautiful Silver Bullion Coin is on the horizon, according to new release details from the United States Mint.
The US Mint also indicated that the stipulations for their distribution will be substantially different than last year. Specially imposed resell terms and conditions that were put in place for the 2010 America the Beautiful Silver Bullion Coins will be lifted, owing to the fact that mintage quantities will be [...]
Gold Prices Advance, Silver Reclaims $36
U.S gold prices rose modestly Wednesday and silver returned to above $36 an ounce, but platinum and palladium prices dipped.
April gold prices rose $2.40, or 0.2 percent, to $1,429.60 an ounce on the Comex in New York. Gold traded as low as $1,423.20 an ounce and as high as $1,436.80 an ounce [...]