Monthly Archives: March 2020
Gold Logs Fresh Low For Year; Silver Drops 5.8%
Precious metals futures stepped lower Wednesday, registering losses ranging from 3.1% for gold to 9.1% for platinum. Gold posted a fresh low for the year.
Gold for April delivery dropped $47.90, or 3.1%, to settle at $1,477.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Dec. 12 when gold ended at $1,472.30 an ounce [...]
April 2020 Weir Farm Quarter Ceremony and Coin Forum Cancelled
The United States Mint and National Park Service will not officially introduce the quarter honoring Weir Farm National Historic Site in Connecticut on April 7.
The quarter's planned ceremonial release has been cancelled along with the public coin forum that had been scheduled for April 6. In a statement, the U.S. Mint said [...]
US Mint Announces 2020 Numismatic Gold Coin Price Increases
Collectors will have to pay more for United States Mint numismatic products made of gold and palladium, including American Eagle, American Buffalo, American Liberty, and upcoming commemorative coins.
Increases range from $32.50 to $300 per U.S. Mint coin. They are not the result of changes in LBMA gold prices as can happen weekly based on the Mint's regular pricing policy. Instead, they are straight upward revisions [...]
Mark Borckardt Named Numismatist of the Year
Heritage Auctions Senior Numismatist Mark Borckardt received one of the highest individual honors within the hobby when he was named 2020 Numismatist of the Year by the American Numismatic Association.
"This honor is important to me," Borckardt said. "This award validates my numismatic work over many years."
A numismatist for 40 years, Borckardt has been at Heritage Auctions for 16 years. He was nominated for the award by Kagin's numismatist David McCarthy [...]
Gold Rebounds; Silver Marks Fresh Multi-Year Low
Gold futures rose Tuesday, registering their first gain in six sessions and after marking a 2020-low on Monday.
Gold for April delivery advanced $39.30, or 2.6%, to settle at $1,525.80 an ounce on the Comex division of the New York Mercantile Exchange [...]
Gold Sheds 2%; Silver Ends Near 11-Year Low
Palladium climbed slightly Monday while gold, silver and platinum declined. Gold marked its lowest price since December while silver finished near an 11-year low.
Gold for April delivery declined $30.20, or 2%, to settle at $1,486.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Dec. 20 when gold ended at $1,480.90 an ounce [...]
Gold Marks 2020 Low; Silver, Platinum and Palladium Plunge
Precious metals sank Friday, padding their weekly losses. Gold futures closed at their lowest level this year and registered their biggest weekly decline since 2011.
Gold for April delivery on Friday lost $73.60, or 4.6%, to settle at $1,516.70 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the weakest since Dec. 26 [...]
2020 American Silver Eagle Bullion Coins Temporarily Sell Out As Demand...
Inventories of 1-ounce, .999 fine American Silver Eagle bullion coin are temporarily depleted, the United States Mint announced Thursday, March 12.
Sales of the silver coins jumped this week by 1.57 million pieces, boosting their 12-day March total to 2,320,000 pieces -- the highest for the month of March since 2016, and after just 650,000 pieces sold in February [...]
Stack’s Bowers Galleries’ March 2020 Baltimore Auctions Relocated
Stack's Bowers Galleries' March 2020 Baltimore Auctions have been relocated from the Baltimore Convention Center to a facility near their California home office. The auction schedule published in the catalogs and on the SBG website (StacksBowers.com) will be the same, with only the physical location of the event changing.
Lot viewing for the auction has taken place over the past several weeks in California and New York, and the firm is offering additional lot viewing opportunities, by appointment, at its California offices starting Tuesday, March 17 [...]
Pennsylvania Coin Collector Wins $10,000 From Heritage Auctions
Following a tradition that has grown for more than 20 years, Heritage Auctions has awarded a $10,000 auction credit to client Steven Wilson through a drawing among collectors who participated in the firm's annual numismatic survey.
The Pennsylvania resident's interest in collecting was born out of a childhood curiosity about the hobby shared by his father and uncle [...]