Yearly Archives: 2012
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 [...]
US Mint Price Reductions for Numismatic Gold Coins
Collectors on Wednesday should expect lower prices for certain numismatic gold coins issued by the United States Mint.
Based on the U.S. Mint pricing policy and as a result of consistently lower precious metals prices, price cuts should be applied across several numismatic offerings to include American Gold Eagles, American Gold Buffalo Coins, First Spouse Coins, and Star-Spangled Banner Commemorative $5 Coin products [...]
Canadian $20 Queen’s Diamond Jubilee Silver Coin for $20
Collectors wanting the commemorative 2012 $20 Queen's Diamond Jubilee Silver Coin will need to act fast.
The Royal Canadian Mint is offering the $20 coin for $20 CAD, and a fast sell out is expected. The commemorative series of a $20 for $20 has been extremely popular, with the previous issue selling out in only 25 days [...]
Gold, Silver Prices Dip while US Bullion Coins Notch Gains
Gold and silver prices continued to drift lower Tuesday, but platinum closed higher for the first time in more than a week and palladium settled up for the first time since Thursday.
Gold was again pressured by a weaker euro and stronger U.S. dollar as the yellow metal fell to the lowest point in more than 4-1/2 months [...]
2012 Kennedy Half Dollars in Bags and Rolls
On Tuesday, May 15, 2012, the United States Mint made available bags and rolls containing 2012 Kennedy Half Dollars.
Bags of Kennedy Half Dollars are $139.95 and contain 200 coins in circulation quality for a face value of $100. Half of the coins are struck at the U.S. Mint facility in Philadelphia, so those have "P" mintmarks, and the other half are produced in Denver, with the "D" mintmarks [...]
Gold Erases 2012 Gain, American Silver Eagle Coins Jump
Gold and other precious metals slid further Monday. European debt woes continued to drive investors toward the U.S. dollar, with gold prices resultantly falling to the lowest level since December and thereby erasing this year's gains.
Gold prices for June delivery declined $23.00, or 1.5%, to $1,561.00 an ounce on the Comex in New York. It was the lowest settlement price since December 29 [...]