Yearly Archives: 2012
Gold Prices Rise for 3rd Straight Session, Silver Gains Modestly
Gold advanced for a third straight session Tuesday, notching a gain of $46.60, or 2.9%, since prices last fell on April 4. Support for the yellow metal was attributed to safe-haven demand.
Gold prices for June delivery advanced $16.80, or 1.0%, to $1,660.70 an ounce on the Comex in New York. Gold prices moved between an intraday low of $1,632.50 and a high of $1,664.80 [...]
US Mint Coin Production Jumps 34.8% in March, 2.16B Coins Minted...
American coin production rose sharply in March and over the same time a year ago, newly released figures from the United States Mint reveal.
Despite a circulating coin output that consisted of minimal quarters and dollars, the production pace surged 34.8% from February and overshadowed March of last year by 61.0%.
For the year and first quarter, circulation production totaled 2.16406 billion coins -- the quickest yearly start since the U.S. economic downswing in 2008 [...]
NGC Grades Unique 1879 $4 Gold Coin “Stella” Variety
Numismatic Guaranty Corporation (NGC) has authenticated and graded the single known example of a distinctive Stella variety as PF-60, J-1636a.
The Stella, or four-dollar gold piece, was coined solely as a series of pattern pieces dated 1879 or 1880 in two major types. Both show a left-facing bust of Liberty on the obverse and a five-pointed star on the reverse, from which the coins get their popular name "Stella."
More often seen is the Flowing Hair type designed by Mint Engraver Charles Barber, with most examples bearing the 1879 date. This newly-certified specimen features [...]
PCGS Announces Coin Grading Contest For 2012 May-June Long Beach Expo
Professional Coin Grading Service (www.PCGS.com) will award a $20 Saint-Gaudens gold coin valued at $2,000 as the prize for the winner in a coin grading competition during the upcoming Long Beach Coin, Stamp & Collectibles Expo (www.LongBeachExpo.com), May 31 - June 2, 2012, in the Long Beach, California Convention Center.
The coin grading competition at Long Beach is sponsored by PCGS PhotogradeTM Online and will be open to [...]
Gold Rises on Sour Jobs Data, US Mint Bullion Coins Advance
In thin trading Monday, gold rose for a second straight day. Gains immediately prior to the extended holiday-weekend were attributed mostly to bargain hunting. Advances on Monday were credited more toward Fed stimulus hopes which were reignited by disappointing U.S. jobs numbers.
Gold prices for June delivery added $13.80, or 0.8%, to $1,643.90 an ounce on the Comex in New York [...]
Chester Arthur Presidential $1 Dollar Coin Cover Available
Today, April 9, 2012, the United States Mint made available the Chester Arthur Presidential Dollar Coin Cover for $19.95. It follows the recent release of Arthur dollars in rolls and boxes on April 5.
The limited edition cover, up to 22,000 units may be ordered, features two Chester Arthur Presidential $1 coins from the first day of production. The one from the U.S. Mint facility in Denver was struck on December 22, 2011, and the other from Philadelphia was minted on January 11, 2012. These $1 coins are mounted within a display card featuring a portrait of the President [...]
In The Lead – Inside Jobs
Friday's US jobs data managed to yield a lift in precious metals values this morning but the advance was itself significantly below expectations and it most certainly did not come at the expense of a notable cratering in the US dollar.
Forums and news comments were chock-full of predictions over the weekend about a $6-$80 rise in the price of gold as being in the cards for today, along with a capitulation statement by the Fed that it would buckle to such economic pressures and finally launch the good ship QE3. Gold market prognosticators, as we have [...]
US Mint 2012 Proof Silver Eagle, Arthur $1 Coin Cover Releases...
In the second week of April, the U.S. Mint will launch two new numismatic products, the Arthur $1 Coin Cover and the 2012 Proof Silver Eagle, the latter being most popular.
Starting off Monday is the Chester Arthur Presidential $1 Coin Cover. Two circulating quality $1 coins from the first day of production, one from Philadelphia and the other from Denver, are mounted on a durable display card with a 45-cent postage stamp [...]
Queen Hands Out Royal Maundy Coins in York
Marking the Holy Thursday before Easter, Queen Elizabeth II handed out Royal Maundy Coins at the service that was held at York Minister, located about 200 miles from London.
Since the monarch's age, 86, is used to determine how many individuals are selected for the service to receive the special coins, commonly referred to as "Maundy Money," 86 women and 86 men were gifted money in recognition of their services to the Church and their communities [...]
Gold, Silver and Other Precious Metals Post Weekly Losses
Gold, silver and other precious metals rebounded Thursday with bargain hunters stepping in after commodities went through a trouncing in the previous session amid realization that the Fed was less keen on embracing another round of quantitative easing.
Thursday's gains, however, lacked sufficient weight to pull precious metals into the black for the holiday-shortened trading week. Weekly losses included gold at [...]