Monthly Archives: April 2012
Gold Prices Dip 0.5% in April, Silver Falls 4.5%
Gold prices retreated Monday, adding to what turned into a modest 0.5% loss for April but yet an enviable level as compared to the monthly losses of 4.5% for silver and 4.4% for platinum. All precious metals looked up to palladium with its furious 4.3% rally in April.
For comparative purposes, last month was across the board bearish with losses of 2.3% for gold, 6.2% for silver, 2.9% for platinum and 7.7% for palladium [...]
Online Chinese Modern Coin Price Guide Released by NGC
Numismatic Guaranty Corporation (NGC) has released an online price guide of Chinese Panda coins 1974 to date. The NGC Chinese Modern Coin Price Guide, accessible on NGC's website, is a comprehensive free resource and includes silver, gold, platinum, palladium and bi-metallic Panda coins and medals.
Values for more than 640 Panda issues are available, as well as photographs of different issues. Many coin prices will be updated regularly. All prices are for NGC-certified coins [...]
Chester Arthur Presidential $1 Coins Available in Bags
Bags filled with Chester Arthur Presidential $1 Coins are now available from the United States Mint. The bureau released 100-coin bags containing circulating quality Arthur dollars on Monday, April 30, at a price of $111.95 per bag.
The bag products actually fall behind earlier releases of Arthur dollar rolls and boxes. Those went on sale April 5 with prices of $32.95 for 25-coin rolls, $275.95 for 250-coin boxes and $550.95 for 500-coin boxes [...]
In The Lead – Bartering In Style, The Day After Tomorrow
Gold prices started the final trading day of April with minor ($3 per ounce) losses (that turned into larger, $12 ones within the first 20 minutes of action) in New York and were seen headed for a net loss for the month (based on the PM Fix) on the order of 1.75%...
Silver prices did not fare much better in April either; the white metal fell by roughly 6.0% during the past 30 days. By contrast, our perennial favorite, palladium, will have notched a gain of more than 4.25% on the period. Monday's opening level bid-side quotes came in at [...]
Stack’s Bowers, Ponterio Realize $10.5M in Hong Kong Coin and Currency...
Stack's Bowers and Ponterio conducted its April 2012 Hong Kong sale at the Mira Hotel in Kowloon. Drawing huge crowds of bidders, the four day auction event realized an impressive total of $10,546,612.
In three catalogs, the sale covered everything from Chinese coins and provincial issues to modern Chinese coins and paper money. The sale spotlighted important collections such as the Wa She Wong Collection, Part III, the Frank Robinson Collection, Part II, the Dr. John Abner Snell Collection, Duplicates from the American Numismatic Society Museum Collection, the Neil Nelson Collection and more [...]
Gold Gains 1.3% on Week but Silver Sheds 0.8%, Eagle Coins...
Gold rose Friday, capping its biggest weekly increase since late February. Other precious metals advanced on the day as well but were mixed for the week.
Gold prices for June delivery closed up $4.30, or, 0.3%, to $1,664.80 an ounce on the Comex in New York. It was gold's best settlement since April 12. Prices traded as high as $1,668.40. Ending week gains were greatly attributed to a weaker U.S. dollar brought on by disappointing economic data and a bit of safe-haven buying over euro zone debt woes [...]
US Mint Ends April, Starts May with 2012 Presidential $1 Coin...
The United States Mint ends its most active month of the year with the launch of one more Presidential $1 Coin product and then kicks off May with another one.
Beginning Monday, April 30, 100-Coin Bags of Chester Arthur Presidential dollars will be released. The bags will contain circulation quality strikes from either Philadelphia or Denver, each priced $111.95 [...]
In The Lead – All The Gold In The World…
The US dollar and stock index futures frowned upon the GDP estimate and headed lower. The development may give gold players another chance at trying to go for the assault on the $1,660-$1,675 resistance area provided the dollar keeps at lower levels and provided the euro does not suffer too much in the wake of the Spanish debacle.
Spot gold dealings started off with a modest, $1.30 per ounce decline in New York. Bullion was bid at $1,655.80 on the open. Silver climbed 4 cents to the $31.13 mark per ounce. Platinum added $3 at $1,568 while palladium [...]
2012 American Silver Eagle San Francisco Two-Coin Proof Set
"It's not an anniversary set," U.S. Mint spokesman Michael White reveals of the 2012 American Eagle San Francisco Two-Coin Silver Proof Set which was released on June 7, 2012. While it may not mark an anniversary, the proof set has already caught collectors' attention as if it was.
Taking a fresh approach to mitigate customer concerns and release issues, the American Silver Eagle San Francisco Two-Coin Proof Set will be minted to demand but available for only four weeks [...]
Gold and Silver Prices Rally, US Bullion Coins Again Unchanged
Gold rallied Thursday after a prior session loss which was assigned to the Fed's QE3-lacking statement. One day later, a weaker U.S. dollar, less cheerful U.S. jobless numbers and further time to reflect on possible Fed action proved bullish for precious metals.
Gold prices for June delivery gained $18.20, or, 1.1%, to $1,660.50 an ounce on the Comex in New York. Intraday prices reached a low of $1,642.50 and a high of $1,662.00 [...]