Yearly Archives: 2012
Cent and Half Eagle Coin Each Bring $1.38M in Heritage’s $64M+ FUN...
An extraordinary 1793 S-4 Chain Cent, MS65 Brown PCGS -- a coin whose origins can be traced back to the very earliest days of America's first mint -- brought $1.38 million, and a crush of national and international media attention, as one of the top two lots in Heritage Auctions' $55.8+ million Jan. 4-6 Orlando, FL U.S. Coins & Platinum Night FUN Signature® Auction, part of Heritage's $64+ million combined FUN Coin and Currency events. All prices include 15% Buyer's Premium.
"This amazing 1793 Chain cent, the Cleneay-Atwater-Eliasberg Specimen and the plate coin in Walter Breen's Encyclopedia of Early United States Cents 1793-1814," said Jim Halperin, Co-Founder of Heritage Auctions [...]
Gold and Silver Fall Friday but Gain on Week
Gold dropped Friday but gained $14 on the week as a result of the prior three-day winning streak. Standard & Poor's on Friday downgraded the credit ratings of nine euro zone governments, including France and Austria. That news bolstered the dollar which pressured stocks, gold and other commodities.
Gold prices declined $16.9, or 1.0%, to $1,630.80 an ounce in the February futures contract on the Comex in New York [...]
US Mint 2011 Annual Coin Production Rises 28.7%, Mintages Top 8.2...
United States Mint annual coin production climbed higher last year, marking a second straight yearly advance. The United States Mint produced over 8.2 billion coins for circulation in 2011, which was an increase of more than 1.8 billion, or 28.7 percent, from the nearly 6.4 billion coins minted in 2010.
Leading gains were Jefferson nickels which soared higher 101.9 percent and Roosevelt dimes which shot up 34.2 percent. In unit totals, almost 500 million more nickels and 383 million more dimes were struck than in 2010. Lincoln cents notably improved by more than 927.7 million, or 23.1 percent [...]
In The Lead – The Higher They Climb…
Spot precious metals dealings opened the week's final session with lower prices across the boards and then went lower still. Gold fell $18 and was quoted just above the $1,630 bid level per ounce while silver dropped 70 cents to touch $29.55 per ounce.
Platinum and palladium declined between 1.4 and 1.9 percent with the former losing $22 at $1,480 and the latter slipping $11 to $625 the troy ounce.
Here's a headline you did not expect to run across very often, if at all: "India Dumping Gold and Moving to Bonds." That is not a typo; locals are selling their bullion and [...]
2012 Queen Elizabeth II Diamond Jubilee Australian Gold Coin Nears Sell...
The Perth Mint of Australia on Thursday warned its customers that its 2012 Queen Elizabeth II Diamond Jubilee Australian Gold Coin is nearing a sellout. From an already extremely limited mintage of 1,000, just 60 remain.
Released on January 3, 2012, the 99.99% fine proof gold coin honors the Queen's 60 years of reign, having ascended to the throne on February 6, 1952 with her coronation at the age of 27 as Queen Elizabeth II on June 2, 1953. The only other British monarch to celebrate a Diamond Jubilee was Queen Victoria in 1897, the Queen's great-great grandmother [...]
Gold Rises For Third Day, Bullion Silver Eagles Best Since Jan....
Gold prices climbed for a third straight session Thursday as weakness in the U.S. dollar spurred buying. The yellow metal did achieve a four-week high earlier in the day but fell just below the level in later trading.
"The dollar appears to have peaked last week and people are buying gold as a hedge," MarketWatch quoted Mike Smith, president of T&K Futures and Options.
For a second straight day, gold prices rose by exactly $8.10 or 0.5%. The February gold futures contract on the Comex in New York closed at [...]
Vicksburg National Military Park 5 Oz Silver Uncirculated Coin Launches
The first 5-ounce coin to be released by the United States Mint in 2012 is the 2011-P Vicksburg National Military Park Five Ounce Silver Uncirculated Coin. It went on sale Thursday, January 12, 2012, at noon Eastern Time for $204.95.
As the fourth 2011-dated uncirculated coin and the ninth overall in the America the Beautiful Five Ounce Silver Uncirculated Coin™ series, the Vicksburg coin was delayed as the Mint only started releasing the 2010 and 2011-dated collector coins last year as production hurdles had to be overcome in producing the massive five ounce, 3.0 diameter pieces. [...]
Mount Hood 5 Oz Silver Uncirculated Coin Sold Out
The collectible Mount Hood National Forest Five Ounce Silver Uncirculated Coin for Oregon sold out Wednesday, January 11. The fifth .999 fine silver coin issued in the U.S. Mint's America the Beautiful Five Ounce Silver Uncirculated Coin series is now the fifth one to sell out.
The bulk of the mintage, 14,759, was sold within the first six days of its release and each went for $279.95. Those who waited long enough to make a purchase were fortunate to get one or more at cheaper prices [...]
In The Lead – How To Train Your (Inflation) Dragon
Risk appetite was still manifest in the commodities and equity markets this morning on the heels of better-than-anticipated Spanish bond sales and a decent reception for Italian bond offerings...
Gold prices opened with a gain of $11 at $1,654 the ounce in New York while silver advanced about 40 cents to the $30.35 level. Both metals are in the midst of an upward push which might carry them to the $1,700 and $32 areas respectively, before their downtrends resume. Much speculative chatter has been [...]
Gold Prices Advance to 1-Month High, Silver Rises Modestly
Gold prices advanced to a one-month high Wednesday on news of better-than-expected demand from China and despite a stronger U.S. dollar. Reports say China imported 102,799 kilograms of gold in November from 86,299 kilograms in October. The monthly amount was an all-time high.
Gold prices rose $8.10, or 0.5%, to $1,639.60 an ounce in the February futures contract on the Comex in New York. Gold's settlement price was the highest since [...]