Monthly Archives: September 2019
Gold, Silver Drop in September But Soar in Third Quarter, US...
Precious metals futures declined on Monday, paring their quarterly gains and deepening their losses in September -- except for palladium which maintained its monthly increase and fell just a tad off from a record. Gold ended the day at an almost two-month low.
Gold for December delivery dropped $33.50, or 2.2%, to close at $1,472.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Aug. 2 [...]
Highlights From Legend’s 34th Regency Sale in Las Vegas
Legend Rare Coin Auctions presented its 34th Regency Auction on the evening of September 26, 2019 at the Bellagio, and as usual, high end quality performed very well.
Online, in person, and phone attendance at the auction, which was held as the official auction for the PCGS Members Only Show, set another record for the firm [...]
Gold Slips 0.6% on Week; Palladium Marks New Record
In futures trading Friday, losses in gold, silver and platinum brought them down on the week. Palladium, meanwhile, advanced on the day and week and also posted another record.
Gold for December delivery lost $8.80, or 0.6%, to settle at $1,506.40 an ounce on the Comex division of the New York Mercantile Exchange. The close was gold's weakest since a week ago Thursday, Sept. 19 [...]
Federal Reserve Orders 5.2 Billion Banknotes for 2020
The pace of U.S. currency production in 2020 will slow to its lowest level in at least a decade, approaching 5.2 billion notes valued at almost $146.4 billion, according to a Federal Reserve order submitted to the Bureau of Engraving and Printing (BEP).
As in recent years, most of the banknotes produced will be $1s, $20s and $100s. The order lacked $2 notes as the amount made in 2019 is expected to meet demand for several years [...]
David Motl To Autograph NGC Labels
David Motl, who formerly served as the Acting Principal Deputy Director of the US Mint during a particularly innovative time in its history, has agreed to individually hand-sign certification labels exclusively for Numismatic Guaranty Corporation® (NGC).
Motl became Acting Principal Deputy Director of the US Mint and its senior career official in January 2017, placing him in charge of the Mint until he retired in January 2018 [...]
Gold, Platinum and Palladium Advance Thursday, Sept. 26
Silver futures declined Thursday while gold, platinum and palladium gained following their losses in the previous session.
Gold for December delivery rose $2.90, or 0.2%, to settle at $1,515.20 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: 2019 American Innovation Dollars for Delaware Debut
New United States Mint sales stats offer first showings of 2019 American Innovation dollars for Delaware and sets of 2019 American Legion Centennial Coins and Emblem Prints.
Featuring a design honoring innovation and innovators from Delaware, the U.S. Mint's latest dollar launched Sept. 19 and registered combined four-day sales of 530,850 pieces from 25-coin and 100-coin bag options [...]
Precious Metals Decline Wed., Sept. 25
Precious metals futures dropped Wednesday, registering losses ranging from 1.8% for gold to 3% for silver.
Gold for December delivery declined $27.90 to settle at $1,512.30 an ounce on the Comex division of the New York Mercantile Exchange [...]
Perth Mint Bullion Sales Jump in August
Australian bullion products logged higher sales in August, according to figures published by The Perth Mint of Australia. The Mint's silver sales were the best in eleven months and its gold sales the highest in five months.
The monthly gains happened against a backdrop of soaring precious metals with LBMA prices in August advancing 7.1% for gold and 11.6% for silver [...]
Gold Ends Near 3-Week High, Palladium Posts Another Record
Silver was by itself among precious metals Tuesday, slipping modestly as the others gained. Gold finished near a three-week high while palladium rallied to another record.
Gold for December delivery advanced $8.70, or 0.6%, to settle at $1,540.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 4 [...]