Monthly Archives: May 2014
Gold, Silver Drop in May; US Mint Coins Mixed
Gold prices declined for a fifth straight session to end at a new four-month low, sinking 3.5% for the week and 3.9% for the month.
Gold for August delivery on Friday dropped $11.10, or 0.9%, to settle at $1,246 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Ends American Silver Eagle Rationing
American Silver Eagle rationing has ended, the United States Mint announced today in a memo sent to its network of bullion distributors called "Authorized Purchases."
AP's consist of major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries who buy U.S. Mint bullion coins in bulk and then resell them for a small premium above their melt value [...]
NGC Hires Christopher Salladin from PNG’s Intern Program
A testimonial to the strength of Professional Numismatists Guild's "Promoting Numismatic Growth" internship project, Numismatic Guaranty Corporation (NGC) has hired Christopher Salladin.
The 22-year-old from Fernandina, Florida was hired by NGC only a few weeks into his initial PNG internship rotation [...]
Spider-Hunting Scorpion Coin 9th in Deadly and Dangerous Series
New this month from the Perth Mint of Australia is a proof silver coin depicting an Australian Spider-Hunting Scorpion.
Offered as the ninth release in the Australian Deadly and Dangerous series, which debuted in 2006 with each annual issue selling out, the scorpion is shown in color with a spider in its grasp [...]
RMS Empress of Ireland Coins Start Lost Ships in Canadian Waters...
Issued as the inaugural strikes in the Royal Canadian Mint's "Lost Ships in Canadian Waters" series are the 2014 $20 RMS Empress of Ireland Silver Coin and the 2014 50-Cent RMS Empress of Ireland Silver Plated Coin.
Each features a colored image emblematic of the 100th anniversary of the Empress of Ireland and its loss [...]
Fake Coin in Circulation, Warns BVI Government
The British Virgin Islands ("BVI") Government this week issued a news release warning about a coin targeted at coin dealers and the public purporting to be a commemorative coin of the BVI.
This coin is a fake, the Government of BVI cautions, adding it has [...]
Heritage World and Ancient Coin Sales Top $39M in Five Months
Heritage sales of world and ancient coins have already notched a record this year, trampling last year's robust total in just five months.
Year-to-date sales of world and ancient coins total $39,817,748, according to the company, up 11.8% from the 12-month tally of $35,606,147 in 2013 [...]
Gold Slips to 4-Month Low; Silver at $19.01
Gold dropped for a fourth session in a row and to a four-month low Thursday, poised to end down by nearly 3% for the week and month.
Gold for August delivery, the now most active contract, fell $2.60, or 0.2%, to $1,257.10 an ounce on the Comex division of the New York Mercantile Exchange [...]
Gold Coins from Saddle Ridge Hoard Selling Quickly
Collectors are scooping up gold coins from the Saddle Ridge Hoard at a brisk pace. Nearly half of the 1,427 coins sold within the first dozen hours at per coin prices ranging from $2,500 to $10,000. The collection is estimated in value of at least $10 million.
The treasure of gold pieces, discovered in buried cans on a couple's private land in California, went on sale [...]
US Mint Sales: Sets, Eagles and Baseball Coins Lead
Annual sets, Baseball coins and American Eagles filled the top ten United States Mint weekly sales slots.
2014-W $50 Uncirculated American Gold Eagles notched stronger opening sales than a year ago, starting at 1,844 versus [...]