Monthly Archives: February 2012
Release Dates and Price Cuts for 2012 Commemorative Silver Coins
Prices have been cut for this year's commemorative silver coins, their release dates announced and another commemorative product revealed. The information is compliments of a Federal Register notice published for the U.S. Mint on Thursday, February 9, 2012.
Although the Mint clearly states that its product pricing is subject to change over time -- especially those composed of silver or gold, the cuts come unexpectedly given the bureau released a higher set of prices for the commemoratives a bit more than two weeks ago [...]
Ted Williams Collection of US and World Coins Certified by NGC
Numismatic Guaranty Corporation (NGC) has announced that they have certified select coins from the Ted Williams Collection.
The 91 coins were a part of the personal items of Baseball Hall of Fame member Ted Williams. Each coin is encapsulated with the pedigree Ted Williams Collection [...]
In The Lead – Curbing Your Enthusiasm
The fleeting optimism kind of situation was also mirrored in gold's tepid advance to $1,734 overnight and by its shrinking gains within the first half hour of trading in New York this morning.
The latest indications on the bid-side showed the yellow metal trading at $1,717 the ounce, actually down $5 from Friday's close. According to EW-think the penetration of the $1,709.94 level in gold could usher in a resumption of its previous downtrend and only a rally above $1,763.71 would signal that the counter-trend climb has not yet concluded [...]
Gold Down 0.9% on Week as Silver Dips 0.4%, US Bullion...
Gold prices declined 0.9% this week, bucking expectations of many analysts who had forecasted higher prices before the week's start. Gold, silver, other commodities and stocks were driven lower towards the end of the week as the U.S. dollar became the investment choice when drama ensued over Greece bailout negotiations.
In closing Friday, gold prices declined $15.90, or 0.9%, to $1,725.30 an ounce in the April futures contract on the [...]
US Mint January Coin Production: Presidential $1 Coins Plummet
Circulating coin production totals from the United States Mint were sharply higher in January 2012 as compared to the previous month and from the same time period of a year ago -- despite plummeting mintages of Presidential $1 coins and Native American $1 coins.
A scant 1.68 million Presidential $1 coins were minted last month compared to the 72.66 million in January 2011. Likewise, 840,000 Native American $1 coins were struck versus the 6.3 million from a year ago [...]
In The Lead – On Borrowed Time and Money
Spot precious metals dealings opened on the weak side with all four principal metals that we track losing more than 1.2 and up to 2.1 percent this morning. Spot gold was down by nearly $25 at $1,704 per ounce while silver was bid at near $33.25 with a loss of more than 60 cents.
A first-in-two-years decline in Chinese exports and imports also added to the selling pressure in precious and base metals this morning. Standard Bank's analysts opine that, should gold slip further, then the $1,700-$1,720 zone could be a good one within which to establish fresh [...]
Gold and Silver Prices Advance 0.6%
Gold prices rose Thursday as the U.S. dollar weakened and the euro strengthened in the wake of news that Greece leaders agreed to austerity measures to secure a financial bailout.
Gold gained $9.90, or 0.6% to $1,741.20 an ounce in the April futures contract on the Comex in New York. Gold moved between a low of $1,728.10 and a high of $1,755.50 [...]
Chickasaw National Recreation Area 5 Oz Silver Uncirculated Coin Launches
On Thursday, February 9, 2012 the United States Mint began selling the 2011-P Chickasaw National Recreation Area Five Ounce Silver Uncirculated Coin for $204.95...
There are no household limits for the latest uncirculated coin as there had been for the others. Previous 2011 issues had an initial limit of five coins per household for the first few months. The only restriction for the Chickasaw coin is its maximum mintage of [...]
Gold, Silver Prices Fall while US Bullion Coins Maintain Momentum
Gold declined Wednesday, taking away a sizeable portion of the sharp gains from the previous day. Profit taking was among the major reasons cited for losses.
Gold prices fell $17.10, or 1.0% to $1,731.30 an ounce in the April futures contract on the Comex in New York. Gold hit an intraday low of $1,726.00 and made it as high as $1,754.80 [...]
US Mint Sales: El Yunque Quarters Debut, American Eagle Demand Up
Buying activity increased for U.S. Mint numismatic products following three somewhat humdrum weeks. The launch of bags and rolls of El Yunque Quarters lifted demand for other quarter products, American Eagle coins were hotter, several annual sets improved and many Presidential $1 coin offerings were up, the latest U.S. Mint sales figures show.
In all, 62 products improved over prior weekly sales versus 21 out-performers noted previously [...]