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2013 October

Monthly Archives: October 2013

How the Philadelphia Mint Polishes Dies to Make Proof Coins

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Zero Blast-N-Peen Machine for Sandblasting Proof Dies

How the Philadelphia Mint Polishes Dies to Make Proof CoinsTechnology plays a huge role in producing coins at all United States Mint facilities. It's complimented with a group of people dedicated to make it all happen, with some of them adding their own personal touch to the process.

Enter Alberto Morell, one of the Philadelphia Mint's buffer-polishers. He manually polishes dies that are used in the making of proof coins for collectors [...]

Gold Dips 0.2%, Silver Slides 0.5%

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999.9 gold bullion, three bars

Gold Dips 0.2%, Silver Slides 0.5%Precious metals on Thursday ended lower for the third time in four sessions. Losses in gold and silver were modest compared to those for platinum and palladium.

Gold for December delivery shed $3.10, or 0.2%, to finish at $1,317.60 an ounce on the Comex division of the New York Mercantile Exchange [...]

US Government Prints 1.18 Billion Banknotes in September 2013

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US Currency

US Government Prints 1.18 Billion Banknotes in September 2013The U.S. government printed more banknotes in September than in August, marking a fourth consecutive monthly increase, according to newly released figures from the agency responsible for manufacturing American currency.

At more than 1.18 billion notes worth over $65.7 billion, both the [...]

US Mint Sales: Core Products Slow

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2013 Proof Silver Eagle

US Mint Sales: Core Products SlowThere's not a lot to talk about with the latest round of U.S. Mint sales data, and that's really the story. Demand dipped for almost all major products to include sets, Silver Eagles and commemorative coins.

When looking at the range of annual coin sets in clad and silver and in proof and uncirculated, just one logged higher week-over-week sales. And it was [...]

Precious Metals Rebound, Snapping Two-Session Losing Streak

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Coins, gold bar and US dollars

Precious Metals Rebound, Snapping Two-Session Losing StreakPrecious metals advanced for the first time in three sessions Wednesday, though only silver climbed for more than it lost in the past two days.

Nearly every product and size option in U.S. Mint gold coins advanced Wednesday. Silver coins were muted after every one of them gained [...]

US Mint Bullion Coins Split in September Sales

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US Mint American Eagle gold bullion coins

US Mint Bullion Coins Split in September SalesDemand in September for United States Mint bullion coins improved from a six-year low for American Gold Eagles but slowed a bit for American Silver Eagles even as their sales drive toward an annual record.

These changing levels happened in a month that is seasonally slower for American bullion coins and in a bearish precious metals market where [...]

Gold Drops Below $1300, Silver Nears $21, US Bullion Coins Up

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10 oz Fine Gold 999.9

Gold Drops Below $1300, Silver Nears $21, US Bullion Coins UpGold, silver and other precious metals declined Tuesday, marking a second straight day of losses.

Gold for December delivery tumbled $40.90, or 3.1%, to finish at $1,286.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price is the lowest since [...]

Banjo Patterson Commemorated with 2014 Gold and Silver Coins

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2013 A.B. Banjo Patterson 150th Anniversary 1 Ounce Silver Proof Coin

Banjo Patterson Commemorated with 2014 Gold and Silver CoinsThe Perth Mint of Australia commemorates the 150th anniversary of the birth of an iconic Australian bush poet with new 2014 A.B. "Banjo" Patterson Gold and Silver Proof Coins.

These new commemorative coins appear in 1/4 oz gold, 5 oz silver and 1 oz silver varieties. Minted to a purity of 99.99%, each [...]