Gold Ends at 2-Week Low on Tuesday, May 26
Precious metals futures closed mostly lower Tuesday after an extended break from trading for the U.S. Memorial Day holiday on Monday. Gold ended the day at a just over two-week low.
Gold for June delivery fell $29.90, or 1.7%, to settle at $1,705.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since May 11 [...]
ACEF: Counterfeiting Battles Continued in May
A fraudulent advertisement for bullion coins on Facebook, fake encapsulation holders and requests for expert help from federal agencies kept the nonprofit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) busy during May 2020.
"Among the cases we're investigating is the sale of ten fake one-ounce silver American Eagles. They were unsuspectingly purchased by someone who responded to an advertisement that popped up while he was checking his Facebook account. All ten coins he received in response to his order were counterfeit," said Doug Davis, Director of the ACEF Anti-Counterfeiting Task Force [...]
Gold Declines on Week While Silver, Platinum and Palladium Soar
Precious metals bounced Friday from their significant losses on Thursday, aside from palladium which sank for a second day but rallied overall on the week. Silver and platinum also jumped on the week. Gold, however, registered a weekly decline.
Gold for June delivery on Friday rose $13.60, or 0.8%, to settle at $1,735.50 an ounce on the Comex division of the New York Mercantile Exchange [...]
Perth Mint Gold and Silver Bullion Sales Score Milestone Highs in...
Australian bullion sales surged to milestone levels in April, the latest figures from The Perth Mint of Australia show. When compared against past months since CoinNews started tracking the data in February 2013, the Mint's gold sales are in first place and its silver sales are in second.
The gains happened against a backdrop of soaring precious metals with LBMA prices in April jumping 5.8% for gold and rallying 10.1% for silver [...]
Precious Metals Plunge Thursday, May 21
Precious metals futures tumbled Thursday with losses ranging from 1.7% for gold to 7.3% for platinum. On Wednesday, gold had logged a second straight day of gains while silver, platinum and palladium had climbed for five sessions in a row.
Gold for June delivery fell $30.20 to settle at $1,721.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since May 13 [...]
NGC Certifies Very First Olympic Gold Medal for Basketball
Numismatic Guaranty Corporation® (NGCcoin.com) has certified the first Olympic gold medal for basketball ever awarded. This ultimate symbol of the sport's rise to a global phenomenon was presented to US team captain William "Bill" Wheatley by James Naismith, the inventor of basketball, during the 1936 Berlin Olympic Games.
With Germany as the host country and the world on the eve of war, tensions were high during the 1936 Summer Olympic Games. The event -- one of great importance to the history of sports and the world in general -- would be the last Olympics held for 12 years [...]
GreatCollections to Auction Two Iconic U.S. Coins on June 14 to...
Two of the most famous U.S. coins ever minted are being auctioned by GreatCollections for the benefit of Andre' F. Toce Sr. Family Foundation, a non-profit that has donated to a variety of causes, including supporting orphaned children in Africa and safe houses for abused women.
The two coins, a key date 1895 Morgan Silver Dollar, graded PCGS Proof-63, and a rare 1907 Saint-Gaudens High Relief Gold Double Eagle, graded PCGS MS-64, are expected to sell for more than $60,000 when they are auctioned on Sunday, June 14th at www.greatcollections.com [...]
Gold Rises; Silver, Platinum and Palladium Log Five Straight Gains
Gold prices climbed Wednesday for a second day in a row while silver, platinum and palladium extended their gains to five straight sessions. Silver, notably, ended at a fresh, more than 12-week high.
Gold for June delivery added $6.50 or 0.4%, to settle at $1,752.10 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: 2020 Silver Proof Set Nears 200,000
The U.S. Mint's 2020 Silver Proof Set returned to the sales limelight after having been unavailable for a couple weeks with its initial inventory depleted.
Last week its ordering status changed from "Currently Unavailable" to "Back Order," allowing collectors to place orders for fulfillment when more became available. With the ordering switch turned back on, the set's sales jumped 7,869 units, making it the Mint's best weekly seller [...]
Boehner Signs Inserts for NGC-Certified 2020 Emergency Silver Eagles
A former Speaker of the U.S. House of Representatives, the honorable John Boehner of Ohio, has personally signed inserts on a limited number of the scarce 2020 silver American Eagles struck during the recent emergency production at the United States Mint facility in Philadelphia.
These coins, certified as MS 70 Early Release (ER) and First Day of Issue (FDI) by Numismatic Guaranty Corporation, are being offered exclusively by Westminster Mint [...]
