Final Day for U.S. Mint 2011 Commemorative Coins
Collectors have a single day left to place last-minute orders for this year's commemorative coins from the U.S. Mint. They will be removed from sale tomorrow, Friday, December 16, 2011 at 5:00 PM ET.
The coins slated to be pulled from the U.S. Mint store shelves include those honoring the establishment of the United States Army and the Medal of Honor. These gold, silver and clad collectibles are minted in both proof and uncirculated qualities.
In a two noteworthy items, prices on the gold issues were reduced just Wednesday and this year's coins look to end with relatively low mintages [...]
Production of Circulating Presidential $1 Coins Halted
Production of circulating Presidential $1 Coins has been immediately suspended at the United States Mint. The suspension comes at the direction of Secretary of the Treasury Tim Geithner as part of a broad Campaign to Cut Government Waste established by President Barack Obama earlier this year.
Presidential $1 Coins will continue to be produced by the United States Mint for coin collectors much like the Kennedy half dollars have been in recent years. New Presidential dollars, however, will no longer be available through the Federal Reserve Bank System as they had been in the past [...]
Gold and Silver Prices Dive, Yet US Mint Bullion Coins Top...
Gold prices sank below $1,600 an ounce Wednesday and toward a five-month low when the U.S. dollar rallied as the euro fell to its lowest level since January. Gold was also pressured, opined analysts, from news that the Fed would avoid new stimulus programs.
"There is turbulence across the commodity market because of the strength in dollar," Jochen Hitzfeld, an analyst at UniCredit SpA in Munich, said in a telephone interview that was recounted on Bloomberg. "No further stimulus from the Fed is bearish for the market."
Gold prices declined $76.20, or 4.6 percent, to $1,586.90 an ounce in the February futures contract on the Comex in New York [...]
US Mint Sales: 2011 Proof Set Tops 1M, Commemorative Coins Improve
Interest picked up for many commemorative coins and the 2011 Proof Set hit a new milestone, the latest sales figures from the United States Mint revealed.
Ordering deadlines are short for the series of gold, silver and clad commemorative coins released by the United States Mint this year. Collectors must place their commemorative orders by Friday, December 16 at 5:00 PM ET, or look to the secondary market for them.
The buying deadline, combined with a mailed U.S. Mint marketing brochure featuring the commemorative coins, has [...]
In The Lead – …And Whispered in The Sounds of Silence…
The price washout in precious metals intensified in the wake of the Fed's failure to please the markets with more stimulative action. The disappointment was palpable and when combined with the on-going angst surrounding the European debt debacle, the sentiment resulted in fresh two-month lows for gold and significant breaches of long-standing moving averages.
The domino theory in action here, and now. Curiously, the one domino that was supposed to be 'toast' by now -- the USD- is not only standing, but it is taking out the 80.50 (!) level on the index. Hmmm.
The yellow metal fell to fresh lows right at, and then well under the 200-day moving average price of $1,619 per ounce in increasingly scary dealings this morning [...]
US Mint Numismatic and Commemorative Gold Coin Prices Set for Decrease
Lower prices for several United States Mint numismatic gold coins should arrive Wednesday. American Buffalos, American Eagles, commemoratives and First Spouse coins are poised for a price decrease based on the Mint's pricing policy to make adjustments on its numismatic gold products when the prevailing price of gold moves significantly.
The current threshold for United States Mint numismatic gold coin prices is based on a London gold Fix [...]
Gold Dips 0.3%, Silver Prices Advance 0.8%
Gold edged 0.3 percent lower Tuesday, marking a second straight day of losses and a seven-week low. Other precious metals posted modest gains, with silver leading them with its 0.8 percent increase.
All major metals declined sharply in after-hours trading, however, after the release of the Fed's FOMC monthly statement which was noticeably missing any hints of more quantitative easing [...]
Top U.S. Rare Coins in PCGS Holders
With the reported pending $7.395 million sale of the unique 1787 Brasher Doubloon, the most valuable certified United States gold, silver and copper coins are in Professional Coin Grading Service holders.
"The most recent national numismatic treasure in the news is the one-of-a-kind Brasher Doubloon with designer Ephraim Brasher's initials, EB, on the eagle's breast. This coin is graded PCGS AU50," ," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
"The Brasher Doubloon is reportedly in the process of being formally sold next month by [...]
Stack’s Bowers Coin and Currency Auction at Whitman’s Baltimore Show Realizes...
Stack's Bowers Galleries conducted its official auction of the Whitman Coin and Collectibles Expo November 15 to 19, 2011. The impressive sale presented 8,858 lots and realized a total of $15.6 million.
U.S. coin, currency and exonumia offerings totaled 6,030 lots and realized $13.2 million. An additional 2,828 ancient and foreign coin and paper currency lots garnered $2.4 million in prices realized. Significant highlights featured in the United States coin sessions included selections from the Teich Family Collection, the Brandywine Collection, the [...]
In The Lead – Shooting The Bull
Following a $44+ slide to near two-month lows and a further overnight dip to lows near $1,650 gold prices attempted to stage a modicum of stabilization and recovery this morning, mainly on the back of a slightly weaker US dollar. Europe continues to present a vexing and continuing problem for the yellow metal despite the fact that Spain managed to sell a tad more debt than had been anticipated at an auction this morning and despite the fact that German economic data came in above expectations as well.
The principal structural issues plaguing the region remain very much rooted and are unnerving investors without any letup. The single best reflection [...]
