Monthly Archives: May 2012
150th Anniversary Lincoln Intaglio Print Released by BEP
On Thursday, May 10, 2012, the Bureau of Engraving and Printing released the 150th Anniversary Lincoln Intaglio Print, the first of three intaglio prints for 2012 that commemorate the BEP's 150th anniversary.
This numismatic collectible features an engraved portrait of Abraham Lincoln, the 16th President of the United States. It also has, "The Bureau of Engraving and Printing 150th Anniversary Honoring 150 Years of Pride, Craftsmanship and Innovation 1862-2012," among its decorative embellishments [...]
In The Lead – A Whale Of A Tale
After briefly poking above the $1,600 mark during the trading day on Thursday, gold prices resumed their march towards lower value ground and were once again seen touching the $1,585 level by the late evening hour in New York.
With gold prices orbiting near 17-week lows there are naturally quite a number of questions surrounding the yellow metal's near and medium-term fate and a couple of institutional firms (Barclays Capital sees an average of $1,716 gold this year) have cautiously reduced their forecast for bullion with regard to those time frames [...]
2012 Australian Koala 5 Oz and Gilded Silver Coin Issues
The Perth Mint of Australia is expanding on its 2012 koala silver coin series with the release of two new strikes. The 2012 Australian Koala 5 Oz Silver Proof Coin and the 2012 Australian Koala Gilded Silver Coin are both available now directly from the Perth.
These two new silver coin issues feature the same basic obverse and reverse designs as first seen on the 2012 koala bullion coins which made their debut on November 1, 2011 [...]
NGC Grades 25 Million Coins in Historic Milestone
Numismatic Guaranty Corporation (NGC), a Florida-based independent coin certification and grading company, announced today it has graded 25 million coins -- becoming the first grading company to reach this milestone.
Throughout its 25 years in business, NGC has been instrumental in expanding the coin industry both in the United States and abroad. The company has helped facilitate the acceptance of [...]
Gold Prices Inch Higher but Silver Dips, 1 Oz Eagle Coins...
Gold prices edged higher Thursday after the yellow metal settled to its lowest point of the year on Wednesday. Gains were limited by the U.S. dollar which turned up against other major currencies for a ninth straight session.
Gold prices for June delivery rose $1.30, or 0.1%, to $1,595.50 an ounce on the Comex in New York, trading through a daily range of $1,585.00 to $1,602.20 [...]
Gold Hits 2012 Low, American Gold Eagle Coin Rally Continues
Gold closed to its lowest level this year and under $1,600 an ounce on Wednesday, extending a streak of losses to three days in which $51, or 3.1%, of its value disappeared. European Union debt woes continued to propel the U.S. dollar while pressuring what was once considered a main safe-haven bet, gold.
Gold prices for June delivery declined $10.30, or 0.6%, to $1,594.20 an ounce on the Comex in New York, moving through an intraday range of $1,578.50 to $1,607.00. The settlement price was the lowest since [...]
US Mint Sales: Presidential $1 Coin Products Debut, Gold Eagles Fiery
Opening sales performances are in for the 2012 Presidential $1 Coin Uncirculated Set and bags of Chester Arthur Presidential $1 Coins. The latest sales figures from the United States Mint also reveal deepening demand for bullion Gold Eagles.
American Gold Eagle bullion coins are on a fiery pace with 26,000 ounces moved through the first eight days of May. The total is already ahead of last month by 6,000 ounces and above February by 5,000 [...]
In The Lead – Buffeted By Buffett
The midweek trading session in New York opened to and continued to witness additional long liquidation among holders of gold, silver, platinum, and palladium positions.
The US dollar's vault to above the 80.00 mark on the trade-weighted index and the euro's slippage to under the pivotal $1.30 level stoked the bears. They lost no time in pouncing on the already weakened prey and they clawed their way to much lower price levels right at the opening bell [...]
US Mint Expected to Cut Proof Platinum Eagle Price, Not Gold...
On Wednesday, collectors are likely to see the U.S. Mint lower its price for the 2011-W Proof American Platinum Eagle. The current Platinum Eagle price of $1,892.00 should drop $100 to $1,792.00. That would be $300 lower than when the coin was first introduced in May at $2,092.00.
In order for a reduction to kick-in, Wednesday's London PM Fix for platinum needs to be $1,549.99 an ounce or lower [...]
Gold Closes Near $1,600 as Silver Falls Below $30, US Gold...
Gold dropped nearly $35 to settle toward $1,600 an ounce on Tuesday, marking its lowest settlement price since the beginning of this year. U.S. stocks and commodities were hit across the board, with losses in precious metals ranging from 1.4% to 3.9%.
A rallying U.S. dollar, "risk off" investor attitude and renewed EU debt crisis concerns were among the factors which were attributed to the losses [...]