In The Lead – How Beige Is Red
A renewed slide in gold prices commenced shortly after the release of the Fed's Beige Book on Wednesday afternoon and it then intensified into Thursday with the parsing of the Bernanke Congressional testimony.
Both of these events contributed to frustrating the commodity bulls who expected more bad news from the Beige Book and more than just hints of an imminent QE from the Fed Chairman [...]
Heritage’s US Coin Auction Tops $12.6M at Long Beach
Collectors had American gold rarities on their minds May 31-June 3 at the Long Beach Convention Center during Heritage Auctions' $12.67 million U.S. Coins Signature® Auction, as an 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, PR64 PCGS rose to the top of the auction with a final price realized of $184,000.
Two coins tied for the second and third spots in the auction's top tier: a rare and beautiful 1887 $10 PR65 Cameo NGC [...]
Gold and Silver Tumble, Gold Eagle Coin on Sales Board
Gold on Thursday gave back more than it gained during the previous two days after Federal Reserve Chairman Ben Bernanke's highly anticipated speech provided no indication of impending stimulus.
Gold prices for August delivery plunged $46.20, or 2.8%, to settle at $1,588.00 an ounce on the Comex in New York [...]
2012-S American Silver Eagle Two-Coin Proof Set Ordering Begins
Starting at noon Eastern Time (ET), the United States Mint began accepting orders for its 2012-S San Francisco American Silver Eagle Two-Coin Proof Set which was released at the expected price of $149.95. An ordering deadline has been implemented with sales cutting off in four weeks, on July 5, at 5 PM ET.
Order volume was exceptionally high early as the U.S. Mint website went through what have become traditional hiccups during the debut of popular products -- periods of complete downtime, inability to place orders and general sluggishness [...]
US Coin Sales: Annual Products Top Bicentennial Silver Dollar Set Debut
According to the latest U.S. Mint sales figures, three annually issued products were more attractive to collectors than releases last week of the 2012 Star-Spangled Banner Bicentennial Silver Dollar Set and the 2012-P El Yunque Five Ounce Silver Uncirculated Coin.
Debut sales of Bicentennial Silver Dollar Sets reached 9,430 between Friday and Monday, or about six times more than the individually sold proof Star-Spangled Banner Silver Dollar which is also in the set [...]
PCGS Reveals Winners of Coin Grading Contest
Ventura County, California collector Mike Kittle is the winner of the coin grading competition sponsored by PCGS Photograde™ Online recently conducted at the May - June 2012 Long Beach Coin, Stamp & Collectibles Expo.
He was awarded a $20 Saint-Gaudens gold coin graded PCGS Secure Plus MS65 valued at $2,000, according to PCGS President Don Willis [...]
Gold Gains 1.1% as Silver Spikes 3.8%, US Silver Coins Up
Gold and silver prices rallied for the third time in four sessions on Wednesday. Precious metals were supported by a weaker U.S. dollar, rising hopes of a coordinated response to the debt crisis in Europe, and riskier investor attitudes.
The major metals moved in parallel with surging U.S. stocks as the Dow and S&P 500 logged their best day of the year [...]
2010-2012 America the Beautiful 5 Oz Silver Coins, Sales, El Yunque...
U.S. Mint sales of America the Beautiful Five Ounce Silver Coins had been cooling. They received a jolt following the first 2012-dated release honoring El Yunque National Forest in Puerto Rico.
Produced in investment-grade bullion for investors and in uncirculated quality for coin collectors, both versions were recently issued by the U.S. Mint for El Yunque [...]
Stack’s Bowers Baltimore Auction Offers US Coins from Top Collections
The Stack's Bowers Galleries Official Auction of the Whitman Coin and Collectibles Expo will take place from June 27 through June 29, 2012, in Room 308 of the Baltimore Convention Center.
The auction will showcase coins from several major collections, including the Land of Smiles Collection of Liberty Nickels, Selections from the Anne Kate Collection, the Winecrest Collection Part II, the Walking Liberty Tribute Collection, the Geraldine Rockefeller Dodge Collection, the Truckee Meadows Collection, and much more [...]
In The Lead – Jedi Mind Tricks and Other Fed Tactics
Gold prices added over 1% ahead of the ECB rate-setting meeting this morning as the post US jobs data-sparked Friday rally continued to unfold. Yesterday was characterized as a non-event in the market as prices meandered in a very tight price range.
Still, market observers feel that the pros are not yet in the game and that their presence is essential for an extension of the move to beyond $1,640 and certainly $1,680 per ounce [...]
