Monthly Archives: December 2016
Gold Logs 7th Weekly Decline; Silver Marks New 8.5-Month Low
Gold futures snapped a three-session losing streak but still logged their seventh straight weekly decline. Trading activity was subdued ahead of next week's holiday-shortened trading schedule. Most markets are closed Monday in observance of Christmas.
Gold for February delivery added $2.90, or 0.3%, to settle at $1,133.60 an ounce on the Comex division of the New York Mercantile Exchange [...]
2017 Lions Clubs Silver Dollar Images and Prices Unveiled
The United States Mint this week published images and prices of the upcoming silver dollars commemorating the 100th anniversary of Lions Club International.
LCI was founded in 1917 and has since become the world's largest service club with 1.4 million members seeking to improve local communities throughout the world [...]
BEP 2016 Year-End Holiday Closures
Continuing an annual tradition, Bureau of Engraving and Printing (BEP) facilities in Fort Worth, TX and Washington, D.C. will be closed to the public around Christmas and the New Year's holiday.
These shutdowns happen at the end of each year "as an efficiency measure," the BEP notes on its website [...]
Gold Logs Third Daily Decline; Silver Closes at 8.5-Month Low
Precious metals futures posted mostly modest declines Thursday. Gold, down for a third straight day, neared a more than 10.5-month low while silver, off for a second day in a row, registered its lowest price in 8.5 months.
Gold for February delivery gave up $2.50, or 0.2%, to settle at $1,130.70 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Coin Production in November Slips Below 1 Billion
U.S. circulating coin production slowed in November for a second month in a row and dropped below the 1 billion mark for the first time since February, the latest figures from the United States Min show.
Year-end slides are mostly the norm and the latest one will extend into December as the U.S. Mint gears up to strike coins for 2016 [...]
US Banknote Production Slips in November to 9-Month Low
Banknote production slowed in November for a third straight month and to a nine-month low, data from the agency responsible for printing U.S. currency shows. The number of notes and their combined value dropped sharply from October, although both totals climbed from year-ago levels.
538.24 million in $1s, $5s, $20s, $50s, and $100s were printed last month for a total value of more than $13.5 billion, according to Bureau of Engraving and Printing (BEP) figures [...]
2017 Canada 150 Maple Leaf Silver Coin Nears Sellout
A collectible 2017 $10 Maple Leaf 2 oz. silver coin that commemorates Canada's 150th Anniversary of Confederation is nearing a sellout. Less than 300 of the possible 6,000 coins remain, according to the Royal Canadian Mint.
Priced at CAD $169.95 or about US $127, the coin features a light-diffracting wave pattern and is based on the Mint's popular bullion Silver Maple Leaf [...]
Gold Little Changed, Silver Slips 0.9%
Precious metals futures closed lower Wednesday. Gold's loss, its second in a row, was modest in lightened trading activity as investors pause for breath ahead of Christmas weekend.
Gold for February delivery inched lower by 40 cents to settle at $1,133.20 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: Mercury Dime Update, Annual Unc. Set Debuts
One United States Mint product went on sale last week, the 2016 Annual Uncirculated Dollar Coin Set. It is the Mint's last product of the year, and it was its top weekly seller.
Released last Wednesday for $49.95, the uncirculated set of five dollars includes three 2016-P Presidential $1 Coins from the Philadelphia Mint, a 2016-D Native American $1 Coin from the Denver Mint, and a 2016-W Uncirculated American Silver Eagle from the West Point Mint [...]
US Mint Gold Coin Price Reductions Likely on Wed., Dec. 21
On Wednesday, Dec. 21, the United States Mint will likely reduce prices on two dozen gold products.
The U.S. Mint's collections of collector gold coins have prices that can change weekly depending on the trending value of gold [...]