Monthly Archives: August 2016
Gold, Silver Tumble in August; US Mint Bullion Sales Strengthen
Precious metals sank in August, their first monthly losses since May, trimming their still robust gains for the year so far.
On the final trading day of the month, gold for December delivery declined $5.10, or 0.4%, to close at $1,311.40 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: American Liberty Silver Medals Total 24,440
The first batch of official sales figures is now available for the 2016 American Liberty Silver Medals. The 1-ounce, .999 fine silver medals effectively sold out within minutes of their Aug. 23 launch.
Sales reached 24,400 of the allotted 25,000, with splits of 12,221 for the 'W' medal and 12,219 for the 'S' medal [...]
Pat Nixon, Betty Ford and Nancy Reagan Medals in First Spouse...
The United States Mint is now accepting orders for its set of three bronze medals that feature former First Ladies Patricia Nixon, Betty Ford, and Nancy Reagan.
Medal obverses (heads side) offer a portrait of the honored first lady while reverses portray a scene symbolic of her life. These same designs were introduced earlier on 2016-W $10 First Spouse Gold Coins [...]
Precious Metals Futures Fall, Gold Ends at 2-Month Low
Precious metals futures declined Tuesday. Gold closed at its lowest level in more than two months, pressured as the U.S. dollar rallied following comments from Fed Vice Chairman Stanley Fischer that raised prospects for a September rate increase.
Gold for December delivery declined $10.60, or 0.8%, to settle at $1,316.50 an ounce on the Comex division of the New York Mercantile Exchange [...]
Theodore Roosevelt Quarter Launch Ceremony Highlights
Quarters commemorating Theodore Roosevelt National Park in North Dakota were officially introduced to the public Thursday, Aug. 25, at an event in the park's Painted Canyon Visitor Center.
About 900 people attended the launch ceremony, including some 400 schoolchildren [...]
US Banknote Production Reaches 585.9 Million in July
There were fewer banknotes produced in July than in any month since March, data from the agency that prints U.S. currency shows.
585.9 million across $1s, $2s, $5s, $10s, $20s and $100s were printed last month for a combined value topping $13.2 billion [...]
Gold Gains; Theodore Roosevelt 5 Oz Bullion Coin Released
Gold was little changed Monday, but moved enough to log a second straight session of gains after marking a one-month low.
Gold for December delivery rose $1.20, or less than 0.1%, to end at $1,327.10 an ounce on the Comex division of the New York Mercantile Exchange [...]
2016 Theodore Roosevelt Quarters Released
Rolls and bags of the newest release from the United States Mint program of America the Beautiful Quarters became available today, August 29. This one commemorates Theodore Roosevelt National Park by featuring a design emblematic of the site in North Dakota.
Options include Theodore Roosevelt quarters struck in the Philadelphia, Denver and San Francisco Mints [...]
Gold, Silver Fall on Week; US Mint Coin Sales Improve
Precious metals futures climbed modestly on Friday to somewhat trim their weekly losses. Still, gold's drop this week was its biggest since mid-July.
Gold for December delivery added $1.30, or 0.1%, to settle at $1,325.90 an ounce on the Comex division of the New York Mercantile Exchange [...]
2016 American Liberty Silver Medal Photos and Video
It took less than 10 minutes on Tuesday, Aug. 23, for the United States Mint to sell its silver Liberty medals. We were able to get a partial order with three medals to go through, paid extra to have them shipped overnight, and we now have a video and some photos of them for review.
Struck in 1 ounce of silver to a .999 purity with proof finish, the U.S. Mint allotted 12,500 per medal from two mints, West Point and San Francisco. Buyers able to beat the rush could order two from each minting facility at $34.95 apiece. They're now selling in the secondary market for close to 5x their issue price [...]