Yearly Archives: 2017
Gold, Silver End Lower for Second Week in a Row
Gold and silver futures were divided Friday but both dropped on the week, marking their second straight weekly losses after scoring three weeks of gains.
Gold for December delivery tacked on $2.70, or 0.2%, to settle at $1,297.50 an ounce on the Comex division of the New York Mercantile Exchange [...]
OSS Medal Designs Reviewed
Revised designs for a congressional gold medal honoring the Office of Strategic Services (OSS) went under review this week and two of them became the clear winners.
The medal along with bronze duplicates will honor members of the OSS for their service and contributions during World War II [...]
Gold and Silver Prices Settle at Four-Week Lows
Gold and silver maintained losses Thursday that first began in after-hours trading Wednesday when the Federal Reserve signaled a December hike in interest rates. Both metals ended at four-week lows.
Gold for December delivery declined $21.60, or 1.6%, to settle at $1,294.80 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: Ellis Island 3-Coin Set Debuts
Orders picked up a bit across U.S. Mint collector products, according to the latest round of weekly sales figures. The broader gains were supported by the release of the Ellis Island Three-Coin Set.
Containing an uncirculated quarter from the Philadelphia and Denver Mints and a proof quarter from the San Francisco Mint, the set scored four-day sales of 10,513 for the strongest start among series issues since 2016 [...]
Gold Settles Higher, Then Falls After Fed Statement
Most precious metals ended modestly higher Wednesday with gold gaining for the first time in four sessions and silver advancing for a second day in a row. Both metals than declined in after-hours trading following the statement release by the Federal Open Market Committee (FOMC) which signaled one more rate hike this year.
Gold for December delivery rose $5.80, or 0.4%, to settle at $1,316.40 an ounce on the Comex division of the New York Mercantile Exchange [...]
2017 $25 American Palladium Eagle Images Unveiled
The United States Mint today published images of the 2017 $25 American Palladium Eagle, the first issue in a new annual series of American Eagle bullion coins. Earlier this week, the agency announced that it would launch the coin program on Sept. 25.
Coin obverses offer a high-relief rendition of sculptor Adolph A. Weinman's Winged Liberty Head design for the dime struck in 1916 [...]
Perth Mint Silver Bullion Sales Tumble in August
Australian bullion demand declined in August, according to figures from The Perth Mint, though only somewhat for gold coins. They sank to a one-year low for silver coins.
These sales registered against a backdrop of rising precious metals with LBMA prices in August registering advances of 3.5% for both gold and silver [...]
Gold Little Changed, Silver Snaps 6-Session Losing Streak
Precious metals futures were, once again, mostly lower Tuesday. Gold eased just enough to log a third straight session loss. Platinum and palladium posted heavier declines. Silver, meanwhile, ended higher for the first time in seven sessions.
Gold for December delivery inched down 20 cents to close at $1,310.60 an ounce on the Comex division of the New York Mercantile Exchange [...]
PMG Certifies Rare China 1951 10,000 Yuan Note
Paper Money Guaranty® (PMG) certified a rare, high-denomination banknote from the early years of the People's Republic of China. The 1951 10,000 Yuan note is attributed as Pick 858Aa (Pick refers to the catalog numbers originally developed by Albert Pick and used by the Standard Catalog of World Paper Money) and graded PMG AU 50.
Pick 858Aa is considered to be the rarest type of all 1951 First Series Renminbi (RMB). Only 100 examples of this note are believed to still exist [...]
American Palladium Eagle Bullion Coin Debuts on Sept. 25, 2017
Investors and collectors can soon start ordering a brand new United States Mint product, the American Eagle Palladium Bullion Coin. The U.S. Mint will begin selling the bullion piece to Authorized Purchasers (AP's) on Monday, Sept. 25.
How many will be available is unknown. There are limits. Namely, the U.S. Mint will accept AP orders for the 1-troy ounce, .9995 palladium coins on an allocated basis and [...]