Monthly Archives: February 2012
Gold Pivots into Monthly Loss, Silver Dives Yet Gains 4.2% in...
On the final day of February, gold and silver fell from multi-month highs on the combination of profit-taking and testimony by Fed Chairman Ben Bernanke which offered no hints of further monetary easing.
Gold dived by more than $77 on Wednesday, switching what had been a positive month into a losing one to the tune of 1.7% -- a lopsided flip from January when the yellow metal rallied 11.1% [...]
Circulation Strike 1841 Quarter Eagles from Philadelphia Mint Recognized by PCGS
Professional Coin Grading Service (www.PCGS.com) is announcing a big change involving one of the most famous and desirable United States gold coin rarities, the famous 1841 $2.50 gold piece, nicknamed, "The Little Princess."
Traditionally, it has always been thought that only proof Quarter Eagles were struck by the Philadelphia Mint in 1841 and no circulation strikes were minted. However, over the years, several experts questioned the "proof-only" status of the 1841 Quarter Eagle [...]
US Mint Sales: Silver Products Lead while Gold Coins Outperform
According to the latest U.S. Mint sales figures, silver products were easily the bureau's best sellers but it was platinum and gold coins which outperformed their prior weekly gains -- the same coins that went up in price this week.
Demand climbed across the board for each of the First Spouse Gold Coins. Their combined weekly sales settled at 236 for a 168% increase over the previous week. In units, the American Gold Buffalo was 99 higher than before at 280. Rounding out gold coins, American Gold Eagles pulled ahead [...]
In The Lead – Buy the Rumor, Sell the Fact. Lather,...
Certainly, albeit gold did open about $2.50 higher in New York, yesterday's enthusiasm levels were nowhere near detectable in today's initial action.
In any event, we once again were confronted with abnormal concurrent headlines that observed gold trading at a five-month high and the DJIA closing above 13K for the first time since the crisis erupted in 2008. Chalk it up perhaps to month-end book-squaring and such, but within the first half hour of trading, gold went [...]
Expect to Pay More for American Eagles and Star-Spangled Banner Products
A series of price increases is expected Wednesday for numismatic American Eagles and First Spouse Gold Coins, per recent trends of precious metals on the London Fix. For the same reason, Star-Spangled Banner products released next Monday are likely to cost a bit more than anticipated.
Each week on Wednesday morning, prices are re-evaluated for United States Mint coins composed of gold and platinum. The price on the proof Platinum Eagle and numismatic gold coins has remained the same for four straight weeks. But precious metals have swung sharply higher in recent days, and coin prices should shoot up as a result [...]
Gold Reaches Toward $1,800 while Silver Prices Top $37
U.S. dollar weakness drove precious metals higher Tuesday as gold closed near $1,790 an ounce for its best price since November, and silver prices topped $37 an ounce for its best settlement since September.
Gold prices advanced $13.50, or 0.8%, to $1,788.40 an ounce in the April futures contract on the Comex in New York. Gold traded between an intraday low of $1,767.00 and a high of $1,792.70. Gold has jumped 14.1% this year [...]
Ceremony Launch for 2012 Star-Spangled Banner Commemorative Coins
As the March 5, 2012 release date of the Star-Spangled Banner Commemorative Coins approaches, the U.S. Mint on Monday revealed images for each of the four commemoratives and two-coin proof set, published online pages that will be used to order them and has provided details for their ceremonial launch.
The 2012 Star-Spangled Banner Commemorative Coins celebrate the bicentennial writing of America's national anthem by Francis Scott Key. The $5 gold coins and silver dollars bear designs emblematic of the War of 1812, with representations depicting a naval battle scene from [...]
2011-W $25 Proof American Gold Eagle Coin Sells Out
United States Mint 2011-dated Proof American Gold Eagle products are down to two as the individual $25 coin sold out Monday, joining the previous $50 and $10 sell outs.
Two proof American Gold Eagle products now remain -- the smallest $5 coin for $220.50 and the four-coin set which includes all sizes but at a steeper $3,678.00 price. As the United States Mint is no longer striking 2011-dated coins, sell outs of these two products could occur at any time as their inventories dwindle daily [...]
Gold Declines Modestly as Silver Edges Up, US Bullion Coins Rise
Gold declined slightly Monday as a stronger U.S. dollar provided pressure and stirred profit-taking following the metal's 2.9% advance last week.
Gold prices settled down $1.50, or 0.1%, to $1,774.90 an ounce in the April futures contract on the Comex in New York. Gold moved through an intraday low of $1,762.60 and a high of $1,781.00 [...]
Odyssey’s Black Swan Named Sunken Coin Treasure Lands in Spain
A story lasting over five years involving 17-tons of sunken coin treasure and legal battles is apparently ending. Spanish officials are now processing 500,000-plus gold and (mostly) silver coins along with other objects recovered from the ocean floor.
This follows a federal judge ruling last week ordering the estimated $500 million worth of recovered treasure to be turned over to Spain by Odyssey Marine Exploration, based in Tampa, Florida. Odyssey had discovered the shipwrecked treasure in 2007 in international waters about 100 miles west of the Straits of Gibraltar [...]