Gold Slips on Week; US 2016 Coin Sales Soar on Start
Gold and silver futures rebounded on Friday, boosted by safe-haven buying as world stocks plunged and oil prices dropped below $30 a barrel for the first time in 12 years. Despite the gains, both metals posted their first weekly loss of the year.
Gold for February delivery advanced $17.10, or 1.6%, to settle at $1,090.70 an ounce on the Comex division of the New York Mercantile Exchange [...]
Canadian 2016 Silver Proof Set Launches
The Royal Canadian Mint this week unveiled its 2016 Silver Proof Set and the year's unique silver dollar which commemorates the 150th anniversary of the Transatlantic Cable.
Limited to 20,000, this annually issued set has a total of seven coins. All are in 99.99% fine silver. The included 2016 Transatlantic Cable Silver Dollar is gold plated, and exclusive to the set [...]
US Coin Production in 2015 Tops 17 Billion, Highest Since 2001
The United States Mint in 2015 was the busiest it's been in 14 years, with demand for coins so high it expanded operations and hired more people to fulfill coinage orders from the Federal Reserve. The agency produced more than 17 billion coins for circulation in 2015, marking a sixth straight year of growth and the quickest annual pace since 19.4 billion coins were struck in 2001.
U.S. Mint production facilities in Denver and Philadelphia shipped 17,046,700,000 coins to Fed banks for distribution into the economy last year [...]
Gold and Silver Prices Mark 2016 Lows
Gold and silver futures fell on Thursday for the fourth time in five sessions, with gold ending at a two-week low and silver closing at a one-month low.
Gold for February delivery declined $13.50, or 1.2%, to settle at $1,073.60 an ounce on the Comex division of the New York Mercantile Exchange [...]
US Mint Sales: 2016 Gift Sets Debut; Fewer Products
Two gift sets for 2016 made their first showing on the U.S. Mint's sales report, but what's more interesting is the slimmer report itself with 49 fewer products.
It appears that the Mint is tidying up some in preparation for newer releases. It also likely means that the totals reported a week earlier for those now missing products are final until audited figures become available later down the road [...]
Gold, Silver Snap 3-Session Losing Streak; US Coin Sales Rise
Precious metals futures advanced on Wednesday with gold and silver snapping a three-session losing streak. Platinum and palladium closed higher for the first time since Friday.
Gold for February delivery added $1.90, or 0.2%, to settle at $1,087.10 an ounce on the Comex division of the New York Mercantile Exchange [...]
2014 Proof Set and 2014 Mint Set Mark Mintage Lows
A number of U.S. Mint products went off sale on Dec. 30 and 31. They included two core annual sets from 2014 that, according to Mint sales figures, now have the lowest mintages in more than five decades.
Just a few years ago, it was often cheaper to buy proof and mint sets after the U.S. Mint stopped selling them. In a turnaround, more are not only holding their values but some [...]
Gold Falls for Third Session; US Mint Bullion Sales Rise
Precious metals futures declined on Tuesday with gold and silver falling for a third session in a row and platinum and palladium dropping for a second straight day.
Gold for February delivery shed $11, or 1%, to settle at $1,085.20 an ounce on the Comex division of the New York Mercantile Exchange [...]










