Monthly Archives: May 2016
Senate Bill Seeks Curved Apollo 11 50th Anniversary Coins
The call just became louder to strike commemorate coins in recognition of the 50th anniversary of the first manned landing on the moon.
In addition to a unique size, the collectibles would feature a curved shape to resemble the faceplate of an astronaut's helmet and, if possible, a continuous design that would flow over their edges [...]
Precious Metals Decline for Fourth Session; US Mint Coin Sales Gain
Precious metals futures declined on Monday for a fourth session in a row. Losses ranged from 0.1% for gold to 1.6% for palladium.
Gold for June delivery dipped $1.40 to settle at $1,251.50 an ounce on the Comex division of the New York Mercantile Exchange [...]
2016 Canadian Coins Honor Firefighters, Paramedics, Police and Military
The Royal Canadian Mint officially unveiled a new series of .9999 pure silver coins that commemorate Canada's national heroes.
Its series honors firefighters, paramedics, police and the military, all of which face danger in the line of duty yet remain steadfast in their commitment and dedication to helping others [...]
Gold, Silver Log Weekly Losses; US Coin Sales Tracking Strong May
Precious metals posted sharp losses this week. Gold registered its second straight weekly decline and silver extended its losing streak to three weeks in a row.
Gold for June delivery edged down $1.90, or 0.2%, to end at $1,252.90 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Banknote Production in April Maintains Quickened Pace
U.S. money production in April picked up for a fourth straight month, ran the quickest since October, and finished ahead of figures from a year earlier, data from the agency responsible for printing American currency shows.
624 million in $1s, $5s, $10s, $20s, $50s and $100s were produced last month for a combined value of more than $15.7 billion [...]
ECB Phasing Out €500 Banknote
The European Central Bank (ECB) announced on May 4 that it will stop printing and issuing €500 banknotes. The phase out will begin around the end of 2018, according to the ECB, when the €100 and €200 banknotes of the Europa series are planned to be introduced.
Some call the note a "Bin Laden," as it reportedly favored among [...]
Gold Logs 3-Week Low, Bullion 2016 Silver Eagles Hit 21.9M
Precious metals were slammed Thursday by bearish FOMC minutes that were released Wednesday afternoon. Gold futures ended lower for a second session in a row, after rising for three straight, and logged a more than three-week low.
Gold for June delivery declined $19.60, or 1.5%, to settle at $1,254.80 an ounce on the Comex division of the New York Mercantile Exchange [...]
Ohioan Teen Wins 2016 PNG YN Scholarship
Spencer Kinkelaar of Morrow, Ohio is the winner of the Professional Numismatists Guild's 2016 Young Numismatist Scholarship competition.
Courtesy of PNG, Kinkelaar can attend one of the week-long 2016 ANA Summer Seminar sessions in Colorado Springs, Colorado. The PNG scholarship will cover airfare and tuition [...]
2016 US Mint Uncirculated Coin Set Released
On Wednesday, May 18, the United States Mint started selling a collector set that includes this year's major coins in uncirculated quality.
Sets like this one have been issued for decades, and they're one of the U.S. Mint's most popular annual products [...]
Gold, Silver Drop After Fed Minutes; US Coin Sales Rise
Gold futures settled lower on Wednesday for the first time in four sessions, then fell further when minutes from the Fed's last meeting in April showed that a rate hike in June was on the table.
Gold for June delivery shed $2.50, or 0.2%, to settle at $1,274.40 an ounce on the Comex division of the New York Mercantile Exchange [...]