Monthly Archives: August 2012
Rare Coins Certified by PCGS Featured in August Hong Kong Auctions
Hundreds of rare coins certified by Professional Coin Grading Service will be featured in the four auctions conducted before and during the August 2012 Hong Kong International Coin Convention & Antique Watch Fair (HICC).
The first auction will be conducted by Rarehouse Auction Ltd. at the Marco Polo Hong Kong Hotel, 3 Canton Road, Harbour City, Kowloon, on August 18 and 19, 2012 [...]
Gold Slips Below $1600, Silver Under $27, US Bullion Coins Up
Gold extended a losing streak to three days, weighed down by disappointed over the perceived inaction from central banks. Neither the ECB on Thursday nor the Federal Reserve on Wednesday offered investor-desired stimulus measures.
Gold prices for December delivery slid $16.60, or 1.0%, to $1,590.70 an ounce [...]
2012-W Uncirculated American Silver Eagles Debut
On Thursday, August 2, 2012, the United States Mint released collectible 2012-W Uncirculated American Silver Eagles for $45.95 each.
Although the price of the one ounce, 99.9% fine silver coin is the same as the 2011-dated issue, the newer one debuts $14.50 lower than the initial price of last year's Eagle when it launched in September [...]
American Eagle Gold, Silver Coin Sales Dip in July
Demand for U.S. gold and silver coins retreated in July, continuing a hilly trend of gradually declining sales.
Buying activity did spike, but late. Exceptionally sluggish demand around July 4th and through the third week of July drove U.S. Mint sales of American Eagle gold and silver coins to three-month lows [...]
Gold, Silver Decline for Second Day, US Coins Unchanged
Gold declined Wednesday as investors' doubts of more easing from the Fed turned into reality.
After ending 0.6% higher in July, gold prices for December delivery lost $7.30, or 0.5%, to $1,607.30 an ounce. It was gold's second straight day of losses [...]
US Coin Sales: 2012 Proof Silver Eagles Surge Atop 500,000
2012-W Proof Silver Eagles dominated an improved U.S. Mint weekly sales cycle. The collector proof Silver Eagles joined investment-grade bullion coins as top celebrities in the latest round of U.S. Mint sales.
Proof Silver Eagles surged 34,061 to hurdle over the 500,000 milestone. The coin's recent suspension and $5 price cut attracted buyers, making them the Mint's leading numismatic seller [...]
In The Lead – Fedsday Afternoon
Precious metals, crude oil, equity markets, and certain currencies spent the first trading days of this week basically treading water and fast-forwarding to the last three days of sessions; days from which market participants are hoping to be able to extract some benefit if -- but only if -- central bankers are willing to play along.
While gold prices held above the $1,600 pivot level the action in either direction was [...]