Monthly Archives: November 2018
Gold Edges 20 Cents Higher on Week
Precious metals futures declined Friday with all but gold logging declines for the holiday-shortened trading week. Markets in the U.S. closed Thursday for the Thanksgiving holiday and ended early on Black Friday.
Gold for December delivery on Friday shed $4.80, or 0.4%, to settle at $1,223.20 an ounce on the Comex division of the New York Mercantile Exchange [...]
Federal Reserve Orders 7 Billion Banknotes for 2019
U.S. currency production in 2019 is expected to reach just over 7 billion notes valued at more than $206.9 billion, based on a Federal Reserve order submitted to the Bureau of Engraving and Printing (BEP).
Most of the banknotes will be $1s, $20s and $100s. In a bit of a surprise, orders for $2s have been placed for the first time since 2016 [...]
Sedwick’s Treasure Auction #24 Tops $3.1 Million
A variety of rarities and strong turnout by bidders helped propel Daniel Frank Sedwick, LLC's Treasure Auction 24 results to over $3.1 million, a record-breaking sale for the firm.
The sale, held live on Nov. 2-3 in Orlando, Florida and online on Nov. 5, featured over 2,300 lots. All prices cited include a 19 percent buyer's premium [...]
US Mint Sales: Block Island Quarters and 5 Oz. Coin Debut
The latest U.S. Mint sales figures include first results for the new collector coins depicting Rhode Island's Block Island National Wildlife Refuge.
Released last week on Tuesday, Nov. 13, the Block Island quarter is the last of five 2018-dated issues. Available products include rolls and bags of quarters from Philadelphia, Denver and San Francisco with mint marks of 'P', 'D' and 'S' [...]
Gold and Silver End at Two-Week Highs Ahead of Thanksgiving
Precious metals futures advanced in pre-holiday trading Wednesday. Markets in the U.S. are closed Thursday for the Thanksgiving holiday and re-open to an abbreviated trading schedule on Friday. Gains in gold and silver were their fifth in six sessions. Both closed at two-week highs.
Gold for December delivery rose $6.80, or 0.6%, to settle at $1,228 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the strongest since Nov. 7 when prices ended 70 cents higher [...]
Legend’s XXIX Regency Auction Highlights
Legend Rare Coin Auctions (www.legendauctions.com) presented their 29th Regency Auction on the evening of Thursday, Nov. 15.
The official auctioneer of the PCGS Members Only Show in San Antonio saw more than 90% of the sales going to collectors [...]
Gold and Silver Retreat, Logging First Losses in Five Sessions
Gold and silver broke away Tuesday from their four-session winning streaks, falling from around one-and-a-half week highs.
Gold for December delivery declined $4.10, or 0.3%, to settle at $1,221.20 an ounce on the Comex division of the New York Mercantile Exchange [...]
Block Island Quarter Launch Ceremony Highlights
Last Thursday, Nov. 15, quarters celebrating Block Island National Wildlife Refuge in Rhode Island were officially introduced to the public.
A crowd of around 325 people, including about 100 schoolchildren, attended the outside tent event which was hosted by officials from the U.S. Mint and U.S. Fish and Wildlife Service. Kids aged 18 and under received a free Block Island quarter to commemorate the ceremony [...]
Gold and Silver Post Fourth Straight Session Gains
Most precious metals futures advanced Monday in their start to the new trading week. Gold and silver moved ahead for a fourth straight session with each closing around one-and-a-half week highs. Palladium, meanwhile, declined for the first time in five sessions to slip under its all-time record.
Gold for December delivery tacked on $2.30, or 0.2%, to close at $1,225.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 7 [...]
Perth Mint Silver Bullion Sales Top 1 Million Ounces in October
Australian bullion sales slowed in October for the first time in five months for gold coins and bars and for the first time in four months for silver coins and bars, according Perth Mint figures published Nov. 1, 2018.
The most recent month-over-month declines lacked a lot of surprise. September was a standout month for the Mint with its silver sales the highest since March 2016 and its gold sales the strongest since January 2017 [...]