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2016 May

Monthly Archives: May 2016

Gold, Silver Dive in May; US Mint Bullion Sales Exceptional

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Gold, Silver Dive in May; US Mint Bullion Sales ExceptionalGold futures snapped their eight-session selloff on Tuesday but the modest increase came nowhere near to curbing their sharp monthly decline.

Gold for August delivery edged up 80 cents, or less than 0.1%, to settle at $1,217.50 an ounce on the Comex division of the New York Mercantile Exchange [...]

Gold Ends Week at 3-Month Low; US Mint Bullion Sales Strong

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Gold bars and stok market

Gold Ends Week at 3-Month Low; US Mint Bullion Sales StrongGold futures drove their losing streak to eight sessions in a row, posted their third straight weekly decline, and settled at their lowest level in more than three months.

Gold for August delivery on Friday shed $6, or 0.5%, to close at $1,216.70 an ounce on the Comex division of the New York Mercantile Exchange [...]

U.S. Mint Medals Honoring Military

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American Fighter Aces 3-Inch Bronze Medal, Obverse

U.S. Mint Medals Honoring MilitaryIn addition to U.S. coinage, the United States Mint strikes Congressional Gold Medals, military medals, Presidential medals, First Spouse medals and others that commemorate major historical events and sites.

My interest in medals was kindled after seeing some very old ones when visiting the U.S. Mint in Philadelphia. That's where they're all made [...]

D. Brent Pogue Collection, Part IV, Tops $16.7M

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1795 Draped Bust Silver Dollar

D. Brent Pogue Collection, Part IV, Tops $16.7MThe fourth auction of the D. Brent Pogue Collection, named the "Masterpieces of United States Coinage, Part IV," realized $16,749,038.

Part IV was presented jointly by Stack's Bowers Galleries and Sotheby's in New York City on May 24. Its more than $16.7 million total [...]

Gold Logs New 7-Week Low, Silver Gains for Second Day

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silver bars, 3 and 1

Gold Logs New 7-Week Low; Silver Gains for Second DayGold futures extended their losing streak on Thursday to seven straight sessions, and closed at a fresh, more than seven-week low.

Gold for June delivery slipped $3.40, or 0.3%, to end at $1,220.40 an ounce on the Comex division of the New York Mercantile Exchange [...]

Harpers Ferry Quarters, Coin & Currency Set and Platinum Eagle for...

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Harpers Ferry Quarters, Coin & Currency Set and Platinum Eagle for JuneUnited States Mint product releases in and around summer tend to be sparse, especially in June, but now there's at least a clearer picture about what will launch next month.

The U.S. Mint in the early AM added two products with release dates to its schedule, the 2016 American $1 Coin and Currency Set for June 16 and the [...]

Gold Posts Sixth Session Loss, Marks 7-Week Low

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Gold Posts Sixth Session Loss, Marks 7-Week LowGold futures dropped on Wednesday for a sixth session in a row and settled at their lowest point in more than seven weeks.

Gold for June delivery declined $5.40, or 0.4%, to close at $1,223.80 an ounce on the Comex division of the New York Mercantile Exchange [...]

US Mint Sales: 2016 Uncirculated Coin Set, Ford $1 Cover Debut

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Photo of 2016 Mint Set

US Mint Sales: 2016 Uncirculated Coin Set, Ford $1 Cover DebutThe United States Mint logged stronger sales for about 64% of its collector products. Buying activity picked up from a rather humdrum previous week, supported by releases of the 2016 Mint Set and the 2016 Gerald R. Ford $1 Coin Cover.

Covers hold two circulating-quality dollars from the first day of their production. Released on May 17 for $19.95, the 2016 Ford $1 Coin Cover scored opening sales of 10,499 [...]

Gold Logs Fifth Session Loss; 2016 Silver Eagle Sales Top 22.8M

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gold bar and notes

Gold Logs Fifth Session Loss; 2016 Silver Eagle Sales Top 22.8MGold futures declined on Tuesday for a fifth straight session, and marked their lowest settlement in about six weeks as the U.S. dollar strengthened.

Gold for June delivery fell $23.30, or 1.8%, to end at $1,229.20 an ounce on the Comex division of the New York Mercantile Exchange [...]

US Mint Gold Coin Prices Expected to Drop on Wed., May...

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US Mint Gold Coin Prices Expected to Drop on Wed., May 25On Wednesday, May 25, the United States Mint will likely trim prices on its suite of gold coins for collectors. Reductions would be as large as $50 for every ounce of gold they contain.

U.S. Mint policy is to set their gold coin prices based on a weekly average of London gold [...]