Monthly Archives: February 2020
Gold Marks Fourth Session Gain and Closes at 1-Week High
Most precious metals futures gained Monday. Gold prices finished ahead for a fourth straight session, registering a one-week high.
Gold for April delivery settled up $6.10, or 0.4%, to $1,579.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since last Monday, Feb. 3 [...]
Coin Designer Jamie Franki To Sign PCGS Labels
Coin designer Jamie Franki has signed an exclusive deal with Professional Coin Grading Service (www.PCGS.com) to hand autograph label inserts for certified coins bearing his designs.
PCGS is excited to announce this partnership in time for the first of three 2020-W Jefferson Nickels released in this year's U.S. uncirculated, proof, and silver proof sets, all of which feature Franki's designs [...]
1855 Proof Kellogg Gold Coin Sold For Record $1 Million
The finest of only 14 known Kellogg & Co. 1855 proof $50 gold coins has been privately sold for a record $1 million by dealer Seth Chandler, owner of Witter Coin Co. (www.WitterCoin.com) in San Francisco, to a local collector who enjoys historical items related to the California Gold Rush.
It will now be publicly displayed for several weeks in its "hometown" during Witter Coin's grand opening beginning February 10, 2020 [...]
Gold Logs First Weekly Loss in Seven Weeks
Precious metals ended divided Friday and mostly lower for the week. Gold was one the metals to post a weekly loss, its first in seven weeks.
Gold for April delivery rose $3.40, or 0.2%, to settle at $1,573.40 an ounce on the Comex division of the New York Mercantile Exchange [...]
Penny Costs 1.99 Cents to Make in 2019, Nickel Costs 7.62...
The price of producing U.S. coins for circulation climbed again last year, the United States Mint disclosed in its 2019 Annual Report. And for a fourteenth straight year, the unit cost for both cents and nickels was above their face values.
In FY 2019, the toll to make, administer and distribute the 1-cent coin eased to 1.99 cents from 2.06 cents while the cost for the 5-cent coin rose to 7.62 cents from 7.53 cents [...]
Gold and Silver Gain Thursday, Feb. 6
Precious metals futures divided Thursday as gold and silver gained and platinum and palladium declined.
Gold for April delivery tacked on $7.20, or 0.5%, to settle at $1,570 an ounce on the Comex division of the New York Mercantile Exchange [...]
2020-P National Park of American Samoa 5 Oz Silver Uncirculated Coin...
Just a few days after its companion quarter launched, the United States Mint released today the 2020-P National Park of American Samoa Five Ounce Silver Uncirculated Coin.
Like the quarter dollar, the design found on the silver coin's reverse is emblematic of the national park located in the U.S. territory of American Samoa. However, unlike the quarter, this coin is minted from 5 ounces of .999 fine silver and has an extremely large diameter of 3 inches [...]
Gold, Silver and Platinum Climb Wed., Feb. 5
Precious metals reversed course on Wednesday from Tuesday with gold, silver and platinum gaining and palladium falling after hitting a record settlement.
Gold for April delivery rose $7.30, or 0.5%, to finish at $1,562.80 an ounce on the Comex division of the New York Mercantile Exchange [...]
Perth Mint and Security Matters Introduce trueGold
Global leader in precious metals The Perth Mint has joined with leading-edge technology specialists Security Matters Ltd to develop the world's first mine to market ethical gold supply chain assurance solution.
Titled trueGold, the initiative will lead the commercialisation of a worldwide integrity application for gold mining companies, refiners, vault operators, depositories, mints, wholesalers and retailers [...]
Gold Ends At More Than Two-Week Low, Palladium Bounces To Record
Gold, silver and platinum prices declined Tuesday while palladium rebounded to a record settlement. Gold closed at its worst level in more than two weeks.
Gold for April delivery dropped $26.90, or 1.7%, to close at $1,555.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the weakest since Jan. 16 [...]