Gold Prices Dip 0.2%, Silver Declines 1%
Gold dipped 0.2% Wednesday after gaining 1.3% during the previous day. While the U.S. dollar was down Tuesday, it rebounded slightly Wednesday to again pressure metals.
For the day, gold prices declined $4.00 to close at $1,613.60 an ounce in the February futures contract on the Comex in New York. Gold touched a low of $1,607.70 and reached a high at $1,643.70 [...]
PNG Sends Pledged Reward in New Jersey Coin Theft Case
The Professional Numismatists Guild (www.PNGdealers.com) has issued the first $2,500 in pledged rewards totaling $175,250 to New Jersey coin dealer Ken Starrett whose tip to investigators led to the recovery of rare coins and bank notes stolen in 2009.
PNG is alerting more than 70 other dealers who pledged the remaining amount of the total that the reward money now should be sent because a suspect in the case has pleaded guilty to a federal charge of sale or possession of stolen goods [...]
US Mint Sales: 2011 Commemorative Coins Rally in Finish
The newest United States Mint sales figures show that 2011 commemorative coins enjoyed a mini-rally during their final days as did nearly every Presidential $1 coin product. With those excluded, however, overall product sales remained a bit soft like they were this time last year. Both years the Mint has imposed Christmas shipping deadlines of December 12. That tends to drive selling volumes earlier in the month with resulting sluggishness right before the holiday.
Another type of deadline hit this year's commemorative coins celebrating the U.S. Army and Medal of Honor. On Friday, December 16, the Mint stopped selling them after [...]
In The Lead – Greater Expectations
New York spot metals dealings opened mixed for the midweek session this morning.
Gold was down by $3 to start at the $1,612 mark on the bid-side, while silver was off by 16 cents at the $29.40 level. Gold's half-hearted rally underscores the difficulties on the technical side of its current paradigm and it also likely points to thinning levels of market participation underway on certain metals exchanges. The condition will only intensify as we head into the next two days' worth of trading action [...]
Plain Edge 1795 S-79 Large Cent Featured in Heritage Orlando...
A possibly unique "Plain Edge" 1795 one cent piece, Fair 2 PCGS, S-79 will be a featured coin during Heritage Auctions' Jan. 5 Platinum night festivities as part of the company's U.S. Coins & Platinum Night FUN Signature Auction, Jan. 3-8, in Orlando, FL.
"This is a genuine 1795 cent from the dies of S-79," said Greg Rohan, President of Heritage Auctions. "There's been some debate regarding a suitable name for this piece. While S-79 is known as the 'Reeded Edge' large cent, this piece shows no trace of edge reeding. It's possibly a plain edge planchet that was [...]
Gold Prices Up $21 to Reclaim $1,600, Silver Advances 2.3%
Gold advanced nearly $21 Tuesday as prices closed above $1,600 an ounce for the first time since one week ago. Bargain hunting coupled with a rising euro and falling U.S. dollar were among the reasons analysts cited for the gains.
Gold prices rose $20.90, or 1.3%, to $1,617.60 an ounce in the February futures contract on the Comex in New York. In thin, pre-holiday trading, gold moved from a low of $1,594.10 to a high of $1,620.80 [...]
US Mint Platinum and Gold Coin Price Cuts Expected
United States Mint price reductions are likely in store Wednesday, December 21, for certain platinum and gold coins, based on the bureau's pricing policy for its collectible precious metals products. The Mint just trimmed gold coin prices on Wednesday, December 14, when the yellow metal's weekly average dropped between $1,650.00 and $1,699.99 an ounce.
Although gold rebounded Tuesday morning -- sustained above $1,600 an ounce for the first time in five days, the metals plunged last week and losses continued into Monday. The free fall was [...]
Chickasaw Quarter Three-Coin Set Available
Tuesday, December 20, 2011 the United States Mint made available the Chickasaw Quarter Three-Coin Set for $14.95.
The numismatic product is the tenth released in the series as each have followed coin launches from the America the Beautiful Quarters® Program which debuted in 2010.
The set's quarters feature the same design since they honor Oklahoma's Chickasaw National Recreation Area -- an American national site that was established on July 1, 1902. The three versions of the coins were produced specifically for collectors with [...]
In The Lead – Instance…Messaging
Gold once again meandered around the $1,600 mark but strayed only about $10 on either side of it and showed a lack of conviction among participants to take a stand in either direction as their ranks palpably thinned ahead of the holiday weekend. Indian physical demand continued on the lackluster side of the ledger, as locals await lower prices as well as the calendar's turning nearer to January 14th; a time until which is it considered inauspicious to buy the yellow metal.
Bullion's recent cave-in has prompted more warnings and more caution to come from the managed money sector. Yesterday gold futures closed below $1,600 per ounce for the fourth consecutive trading session and [...]
US Marshals Service Commemorative Coins Pass House
Gold, silver and clad commemorative coins celebrating the 225th anniversary of the US Marshals Service are one step closer to reality after several previous unsuccessful attempts.
Introduced in March by Rep. Steve Womack [R-AR3], the United States Marshals Service 225th Anniversary Commemorative Coin Act easily passed (412-1-20) through the US House of Representatives on Thursday, December 15.
The House bill, H.R. 886, has since been referred to the same Senate committee which has been sitting on a nearly [...]
