Yearly Archives: 2012
2011-W $5 Proof American Gold Eagle No Longer Available
As of Thursday, April 12, 2012, the United States Mint is no longer selling the individual 2011-W $5 Proof American Gold Eagle.
The 22 karat, one-tenth ounce gold coin was added to the 'No Longer Available" section of the U.S. Mint's website with a "sold out" indication. This latest removal leaves just the four-coin set as the last option available for the 2011-dated proofs. Earlier "sell outs" in the series included the $25 coin in February, the $10 denomination in [...]
In The Lead – Great Fedspectations – Part Deux
Precious metals prices headed lower this morning as the final trading session of the week got underway in New York. Yesterday's "Fedspectations" turned down a notch as market participants had somewhat bigger news 'fish' to fry this morning; specifically, the story out of China that there has been a sharper-than-expected slow-down in that country's economy....
Spot gold opened with a loss of $4.30 at the $1,671 mark on the bid-side, while spot silver dealings opened with a 13-cent decline to the $32.25 level. For an explanation of what he interprets as a bearish market tilt for gold, and why, you might wish to [...]
2012 Britannia Sets, Gold and Silver Proof Coins Mark 25th Anniversary
This year marks the 25th anniversary of Britannia proof coins from the Royal Mint. To acknowledge the milestone, special 2012 Britannia gold and silver proof coins have been released containing the original reverse design used on the inaugural 1987 issues.
Along with individual coins, the Royal Mint has also created special multi-coin sets for release as part of the anniversary celebration. Among them are nine-coin sets featuring the varying designs seen in the series since its debut [...]
Gold, Silver Prices Rally as Bullion Silver Eagles Inch Up
Gold rallied 1.2% Thursday, posting a gain in four of the last five sessions. The yellow metal was off 40 cents on Wednesday which snapped a three-session winning streak. Gold was supported on the day by a weaker U.S. dollar.
Gold prices for June delivery rose $20.30 to settle at $1,680.60 an ounce on the Comex in New York. The metal moved between an intraday low of $1,651.00 and a high of $1,681.30 [...]
2012 Proof American Silver Eagle Available from US Mint
Today, April 12, 2012, the United States Mint released the 2012-W Proof American Silver Eagle at 12:00 Noon ET.
Its initial price is $59.95, but as with all coins containing precious metals, the amount is subject to change. During the course of sales last year, the proof's pricing changed twice due to major swings in the precious metals market.
To place an order for the American Silver Eagle, visit the United States Mint website product page for it which is [...]
Gold Dips 40 Cents, American Silver Eagles Near 11 Million
Gold edged 40 cents lower Wednesday, snapping a string of three straight session increases which had padded its value by $46.60.
Gold prices for June delivery settled to $1,660.30 an ounce on the Comex in New York. The yellow metal ranged from an intraday low of $1,653.50 to a high of $1,663.90 [...]
Canada Modernizes Coinage with Penny Elimination and New $1, $2 Coins
In a span of less than two weeks, Canada announced the elimination of its penny and the Royal Canadian Mint released newly modernized $1 and $2 coins.
On March 29, 2012, the Canadian government said it will eliminate the penny with Canadian Finance Minister Jim Flaherty explaining "It's a currency without currency." Included as part of Canada's Economic Action Plan 2012, production on the one-cent coin by the Royal Canadian Mint will stop this month [...]
US Mint Sales: Chaco Culture Quarters Debut, Arthur $1 Coins Start...
After several slumbering weeks, United States Mint sales were awakened with the release of Chaco Culture quarters and Chester Arthur $1 coins. The debuting products substantially lifted unit sales for the bureau, despite the Easter holiday break.
New products claimed five of six top numismatic selling spots for the U.S. Mint, but it was Chester Arthur dollars stealing the show with rolls holding positions one and two. Sales flew by past Presidential $1 coin performances from the last year [...]
In The Lead – India Dodging Silver Bullet?
The midweek trading session in precious metals opened to the downside in New York this morning despite a 0.31% drop in the US dollar on the trade-weighted index and a 0.30% gain in crude oil values. Then again, yesterday, we witnessed the price of gold rising nearly $20 along with gains in the US dollar. Spot gold was down $4 at $1,656.50 while spot silver fell 23 cents to $31.61 the ounce.
In this morning's annual gold survey presentation, Thomson Reuters GFMS analysts noted that net gold investment demand fell last year. The finding dovetails with the revelations [...]
US Mint Commemorative, Gold Coin Price Reductions Expected
Commemorative gold and other numismatic gold coins from the United States Mint are poised for price cuts Wednesday, April 11, based on the bureau's pricing policy and the latest direction of the precious metals market.
While the U.S. Mint was using a price bracket of London gold from $1,650.00 to $1,699.99 an ounce, the yellow metal's weekly average plunged to $1,635 an ounce on Tuesday, thanks in part to a shortened week due to the Easter holiday [...]