Monthly Archives: June 2012
Collectible Coin Protection Act Introduced
The fight against counterfeit coins has advanced in the United States Congress with the introduction of a new piece of legislation. Entitled the Collectible Coin Protection Act, H.R. 5977 was introduced on June 20, 2012 in the House of Representatives by Lamar Smith of Texas.
The proposed legislation seeks to amend the Hobby Protection Act currently in place. It would extend the act to [...]
Gold Edges Up, Silver Prices Dip, US Gold Coins Surge
Gold rose gently in light trading Wednesday as many investors are said to be sidelined as they await results of the European Union summit that begins on Thursday and ends on Friday.
Gold prices for August delivery edged up $3.50, or 0.2%, to $1,578.40 an ounce on the Comex in New York [...]
In The Lead – The Semi That Could Be A Final
Gold's roller-coaster continued as the yellow metal basically gave up all of Monday's gains on Tuesday and touched lows near the $1,560 level once again overnight.
Options expiry-related selling and more risk-aversion in the wake of once again soaring Spanish and Italian bond yields kept the pressure up on bullion values and enabled the bears to remain in firm control of the market [...]
US Mint Numismatic Gold and Platinum Coin Prices Poised for Cuts
It seems likely that on Wednesday the United States Mint will lower prices on its numismatic gold and platinum coins, just one week after it raised them.
Gold and platinum prices have declined sharply since Thursday, compared to the previous week. Gold's average in London is presently hovering near $1,577 an ounce, and platinum's average is around $1,440 an ounce [...]
Gold and Silver Pull Back, Popular US Bullion Coins Rise
Gold on Tuesday declined for the first time in three days amid growing concerns over the European economic crisis. As was the case for much of last week, safe-haven buying flowed to the U.S. dollar instead of the yellow metal.
Gold prices for August delivery retreated $13.50, or 0.8%, to $1,574.90 an ounce on the Comex in New York [...]
CoinSearch Mobile App Available at June 2012 Baltimore Expo
The first mobile application of its kind for collectibles, Collectors Corner CoinSearch™, will be available free during the upcoming Whitman Baltimore Coin & Collectibles Expo.
The unprecedented mobile app will let collectors instantly locate specific coins they're looking for at the show, June 28 - July 1, 2012 [...]
Heritage Announces Weekly Internet-Only World Coin Auctions
Heritage Auctions has announced that it is expanding its World Coins category to include Weekly Internet-Only Auctions at HA.com/WorldCoins, ending its practice of Monthly Internet World Coin Auctions.
The first world coin auction will start on Thursday, July 5, at 10 pm CT, continuing through the following Thursday, July 12. The next week's auction will commence immediately after [...]
2012 P&D Presidential $1 Four-Coin Sets on Sale for $9.95
On Tuesday, June 26, the United States Mint released its 2012 Presidential $1 Four-Coin Sets. Buyers have the choice of two, filled with either circulating quality dollars produced in Philadelphia or from Denver, priced at $9.95 each.
These sets contain the 2012 Presidential $1 coins featuring the 21st through 24th Presidents of the United States [...]
PCGS Implores Congress to Act Against Counterfeit Coins
Executives of the PCGS warn that the problems of Chinese-made counterfeits of rare coins are getting worse and could soon expand to include fakes of rare bank notes imported into the United States.
In personal meetings and messages conveyed to influential members of Congress in Washington [...]
Gold, Silver Jump as US Bullion Coins Maintain Rally
Gold rose for a second straight session Monday with safe-have-demand and bargain-hunting cited as supporting elements after gold prices plunged $61.20, or 3.8%, last week.
In starting the new week, gold prices for August delivery settled up $21.50, or 1.4%, to $1,588.40 an ounce [...]