Monthly Archives: May 2012
Gold Prices Up on Week, Silver Dips, US Silver Coins Best...
Gold prices rebounded a combined $55.30 between Thursday and Friday to spring back from its lowest price this year and eke out a 0.5% weekly gain -- the first in three weeks.
Advances on Friday were largely attributed to bargain hunting and a weaker U.S. dollar which fell after its longest winning streak since 1985, a ride of gains that lasted for 14 straight sessions [...]
US Mint Set, Cleveland $1 Coin Releases in Week of May...
Next week will be a busy one for the United States Mint with the release of another popular collector product, the 2012 Mint Set, and the launch of first term Grover Cleveland Presidential $1 Coins within rolls, bags and boxes.
Beginning Monday, May 21, the U.S. Mint will offer its 2012 Uncirculated Coin Set, also known as the 2012 Mint Set. Twenty-eight coins, all in collector uncirculated quality, will be mounted within two durable folders [....]
Mormon Gold Coins, Morgan Dollars Featured in GreatCollections June Auctions
GreatCollections will offer a number of important U.S. coins in the June auctions, including four Mormon gold pieces, a toned Morgan dollar collection and an exceedingly rare Libertas Americana medal struck in silver.
Mormon gold pieces were issued between 1849 and 1860, and have gained in popularity over the past 10 years [...]
In The Lead – Statistics! Lies! Heresy! More Statistics! Truth.
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index.
Nevertheless, the dollar -- trimmed gains and all -- was still up for a 15th day in a row (!) in pre-market action. The jump in gold was characterized as mainly a "short-covering surge" and that kind of "profile" probably should not have come as a big surprise to certain players, given the low RSI and extremely low Daily Sentiment Index levels that we had mentioned in Wednesday's commentary [...]
Gold, Silver Prices Rebound Sharply
Gold prices advanced Thursday for the first time in a week and despite a stronger U.S. dollar which extended its rally to fourteen sessions.
Gold had been moving opposite of the greenback during most of its winning streak. Buying on the dip, improved physical demand and safe-haven interest were among factors cited for gold's gain [...]
Canadian Mint Reports 2011 Financial Success as Last Penny Struck
The Royal Canadian Mint announced record revenues of $3.2 billion in 2011 as it moved forward to modernize Canadian coinage. The announcement came just days after the Mint struck the last Canadian penny, another sign of the changing times of the industry.
Of the $3.2 billion in revenue, the Mint reported pre-tax profits of $43.8 million. 2011 was the fourth best year for net income for the Mint which operates as a corporation whose sole shareholder is the Government of Canada [...]
Collectors Corner CoinSearch to Debut at Long Beach Coin Show
An exciting new era in buying and selling rare coins and collectibles will begin on May 31, 2012 with the live, beta test launch of Collectors Corner CoinSearch™ at the Long Beach Coin, Stamp & Collectibles Expo [...]
US Mint Sales: 2012 Proof Set Debut and Silver Prices Spur...
U.S. Mint numismatic product sales improved last week with the release of the 2012 Proof Set while lower silver prices this week have spurred sales of the bureau's silver bullion coins.
In the debuting category, starting sales were reported for the 2012 Proof Set which launched on Monday, May 14. Demand was strong with 243,494 units sold in one week. But that was a bit slower than the start of last year's set which came in at 253,144 [...]
Gold Falls, Silver Tumbles but Silver Eagle Coins Rally to 13M
Gold on Wednesday fell for a fourth straight session and to its lowest price in ten months as investors fled stocks and commodities to the perceived safety of the U.S. dollar.
Gold prices for June delivery declined $20.50, or 1.3%, to $1,536.60 an ounce on the Comex in New York. Gold bracketed an intraday low of [...]
2012 Proof Set Sales Debut at 243,494
Debuting sales are in for the United States Mint's newly released 2012 Proof Set. The bureau on Tuesday reported that collectors ordered 243,494 between its launch on Monday, May 7, through to Monday, May 14.
Priced at $31.95 for a third straight year, the annual offering is expected to eventually attain the highest sales total of any 2012-dated collector product offered by the U.S. Mint. With a single week now under its belt, the set already holds the second spot as it tracks [...]