Monthly Archives: July 2012
2012-S Silver Eagle Two-Coin Set Moves to Secondary Market
Sales of the 2012-S American Silver Eagle Two-Coin Proof Set from San Francisco ended last Thursday, July 5, 2012. An ending sales figure published on the set's U.S. Mint product page the following day listed the total number sold at 251,302.
With roughly a quarter of a million purchased, thousands will make their way into the secondary market [...]
Gold Dips 0.6%, Silver Falls 2.1%. US Coins Unchanged
Gold gave back nearly all of its prior session gains Tuesday as the U.S. dollar rebounded, curbing the appeal of precious metals.
Gold prices for August delivery declined $9.30, or 0.6%, to $1,579.80 an ounce on the Comex in New York [...]
Gold, Silver Rebound with US Bullion Coins
Gold advanced for the first time in three days Monday, supported by weakness in the U.S. dollar which had curbed the yellow metal's appeal for much of last week when prices fell 1.6%.
Gold prices for August delivery rebounded $10.20, or 0.6%, to settle at $1,589.10 an ounce on the Comex in New York [...]
Chaco Culture National Historical Park 5 Oz Silver Uncirculated Coin Available
Today, July 9, 2012, the United States Mint released the 2012-P Chaco Culture National Historical Park Five Ounce Silver Uncirculated Coin for $204.95. It is the second of the 2012-dated numismatic five ounce uncirculated coins.
As one of the fifty-six designs honoring national sites across every state, territory, and the District of Columbia, the latest issue commemorates the national historical park located in New Mexico [...]
In The Lead – A Balancing Act To Rival The Flying...
The new trading week got off to a relatively muted but also somewhat weak start in the precious metals' complex. While the US dollar did give up one-tenth of a percent on the trade-weighted index, it still remained near 83.26 on the same and with only a less than 20-cent advance in crude oil and with the euro threatening to break the $1.23 mark against the dollar, the metals' advances at opening time were small, to say the least.
Spot gold climbed $3.70 to open at $1,586 per ounce and silver commenced the trading day at $27.24 the ounce with a 14-cent advance [...]
Congressmen Shown Counterfeit Coins in PCGS Reference Collection
During June 27, 2012 meetings with numismatic leaders in Washington, DC, influential U.S. Congressmen and congressional staff members learned about rare coin authentication and were shown examples of counterfeit coins from the Professional Coin Grading Service reference collection and examples of counterfeit PCGS encapsulation holders.
PCGS has detected over 5,500 counterfeit coins submitted in the last 12 months, a higher number by far than [...]
Gold, Precious Metals Fall on Week. US Coin Sales Weaker
Gold and other precious metals fell Friday, increasing weekly losses that amounted to 1.6% for gold, 2.5% for silver, 0.2% for platinum and 0.7% for palladium.
Gold prices for August delivery declined $30.50, or 1.9%, to settle at $1,578.90 an ounce on the Comex in New York. The yellow metal ranged from [...]
Chaco Culture 5 Oz. Coin, “S” Mint Quarters in 2nd Week...
Next week the United States Mint will launch one five ounce coin and two circulating quarter products, keeping fans of the America the Beautiful coins series busy.
Both new releases honor Chaco Culture National Historical Park located in New Mexico.
Starting Monday, July 9, the U.S. Mint will begin selling the 99.9% pure silver five ounce 2012-P Chaco Culture National Historical Park coins [...]
In The Lead – Lagarde: En Garde!
Precious metals (as well as other commodity and some equity) markets settled lower on Thursday as the pressure exerted by a very robust US dollar took its toll and speculators turned risk-averse once again.
Spot gold ended with a loss of $13 at $1,603 per ounce in New York after some bulls exhibited apprehensions about easing prospects by the [...]
US Gold, Silver Coin Sales Down in First Half of 2012
U.S. bullion coin demand in June followed the market direction of the precious metals they contain. Gold coin sales picked up while silver coin sales retreated, according to sales data released by the U.S. Mint.
And while sales were high for U.S. gold and silver coins through the first half of 2012, they were sharply lower when compared against the first six months of 2011 [...]