Monthly Archives: April 2012
PCGS Certifies Unique 1903 China Fengtien Province Tael
The unique 1903 Fengtien Province Tae was certified by PCGS during the April 2012 Hong Kong International Coin Convention & Antique Watch Fair.
The 1903 "dragon dollar," graded PCGS Secure Plus™ AU55, was submitted by PCGS Authorized Dealer Chun-Yo-(Stanley) Chou of Fuchin coin company of Taiwan on behalf of an anonymous collector. It is insured for $5 million.
The silver 1903 Tengtien Province Tael is listed as unique in the authoritative reference book, Illustrated Catalog of Chinese Gold & Silver, by Lin Gwo Ming and Ma Tak Wo [...]
Gold Rises 0.1% as Silver Gains 0.9%, Gold Eagle Coins Padded
Gold etched out a gain of 0.1% Thursday but was limited by a firming U.S. dollar. Silver proved to be the modest leader of precious metals on the day, advancing 0.9%.
Gold prices for June delivery climbed $1.80 to $1,641.40 an ounce on the Comex in New York. Prices ranged from an intraday low of $1,631.20 to a high of $1,654.90 [...]
2012 Proof American Gold Eagle Coins Released by US Mint
Thursday, April 19, 2012, the United States Mint issued four 2012-W Proof American Gold Eagle Coins and a Four-Coin Set. Their starting prices range from $215.50 to $3,585.50 since their sizes vary. The most expensive offering is the set containing all four proof coins.
American Gold Eagle coins contain 22-karat gold, the standard used for hundreds of years for gold coinage because of its durability, and the coins are made in four sizes. They are 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce [...]
Mark Twain Commemorative Coins Approved in House
Commemorative coins honoring Mark Twain could be issued by the United States Mint in 2016, based on legislation which overwhelmingly passed in the House on Wednesday, April 18, 2012. Entitled the Mark Twain Commemorative Coin Act and numbered H.R. 2453, the bill sailed through the House almost without opposition by a vote of 408 to 4.
Under the terms of the proposed Act, the Secretary of the Treasury would be required to produce gold and silver coins in commemoration of Mark Twain, the noted 19th century author and humorist [...]
Gold, Silver Prices Dip Slightly
Gold prices dipped Wednesday as the U.S. dollar firmed and oil prices declined, market conditions that were flipped on the previous day when gold rose for the first time in three sessions.
Gold prices for June delivery fell $11.50, or 0.7%, to $1,639.60 an ounce on the Comex in New York. Gold moved from an intraday low of $1,638.10 to a high of $1,655.20 [...]
US Mint Sales: Products Debut, Demand Raises Arthur $1 Mintages
According to the latest United States Mint sales figures, buying activity was at its height last week with the debut of proof Silver Eagles and Chester Arthur $1 Coin Covers.
U.S. Mint unit sales surged with their release, but were also surprisingly assisted by rolls and boxes of Chester Arthur $1's which were introduced nearly two weeks ago. In fact, new figures reveal that the amount of Arthur dollars sold went past their published production figures, meaning the U.S. Mint is unexpectedly striking more [...]
In The Lead – Dot-Com…modity Bubble?
Gold experienced quite a turbulent session on Tuesday as the sellers wrestled with the bargain-hunters against a background of rising economic optimism punctuated by renewed eurozone jitters.
Bullion prices initially swooned to the sub-$1,635 area (an important support zone at this time) only to claw their way back to nearly unchanged (down $2.90) status at around the $1,650 pivot-point by day's end. Silver, platinum, and palladium all eked out small gains for the session, albeit palladium's advance was quite notable, at nearly 2% [...]
Morgan Dollar Collection, Policy Updates to Enhance Coins Experience on eBay
eBay today announced continued efforts to enhance the coins experience on eBay.com that will bring new, exclusive inventory to collectors, in a trusted, appealing way.
Following the success of the recent Presidential Collection of PCGS Registry Lincoln Cents auction, six Professional Numismatists Guild (PNG) member-dealers will offer a select collection of Morgan Dollars on eBay.
The collection of more than 300 Morgan Dollars, valued at more than $1 million, will run from April 19 through April 29, and will offer [...]
PNG Approves 3-Point Definition of Coin Doctoring
Members of the Professional Numismatists Guild attending the organization's general membership meeting on April 17, 2012 overwhelmingly approved a three-point definition of so-called "coin doctoring."
Here is the wording of the definition as approved by the PNG Board of Directors and PNG member-dealers attending the meeting in the Chicago suburb of Schaumburg, Illinois on the eve of the Central States Numismatic Society convention [...]
Gold Gains Modestly while Silver Prices Advance 1%
Gold edged higher Tuesday for the first time in three sessions as support came from a weaker greenback and rising oil prices.
Gold prices for June delivery rose $1.40, or 0.1%, to $1,651.10 an ounce on the Comex in New York. Prices ranged from an intraday low of $1,635.20 to a high of $1,658.40 [...]