Stack’s Bowers to Auction Part I of The Teich Family Collection...
Stack's Bowers Galleries is pleased to announce that Part I of The Teich Family Collection will be crossing the block as part of our the Stack's Bowers Galleries Official Auction of the Whitman Coin and Collectibles Baltimore Auction to be held November 14-19, 2011, sure to be one of the great shows of the autumn season.
The name of the Teich Family now joins the illustrious ranks of "name" collections, as Stack's Bowers Galleries prepares the first in a series of major offerings from the Teich holdings. This old-time family collection has been in private vaults since the 1950s, and has already caused worldwide excitement in the selected previews Stack's Bowers has hosted at several numismatic shows this year [...]
Gold Retreats, Silver Halts 3-Day Winning Streak
Gold futures retreated below $1,670 an ounce Thursday as strength in the U.S. dollar curbed the appeal of the precious metal, opined analysts.
"I think we can find still a pretty big correction (in gold) if the dollar regains its preeminence as the reserve currency," Reuters quoted Stanley Crouch, chief investment officer at Aegis Capital, who oversees $2 billion in client assets. "Investors are investing in gold for the perceived safety, and yet what they're getting is incredible volatility."
Gold prices retreated $14.10, or 0.8 percent, to $1,668.50 an ounce in the [...]
In The Lead – 400. This is NOT Sparta!
The overnight action in precious metals turned towards moderate selling despite some decent regional physical offtake coming from Asia.
This morning's opening was really not much different; spot gold lost $7.10 to start the day off at the $1,667.00 bid level. In the background, the US dollar firmed a bit and remained well above the 77 level on the trade-weighted index. The greenback clawed back in the wake of the European banking-related news and speculators were once again showing that all might not be well in that system while also indicating that they are not quite as glum about the prospects for the American economy [...]
2011 American Silver Eagle Anniversary Set Scheduled
Collectors were told in August to expect the American Silver Eagle 25th Anniversary Set in "late October." A firmer release date is now available, based on an update Wednesday to the United States Mint's website.
While subject to change, the Mint is planning to release the anniversary set on October 27, 2011. The launch date was added to the Mint's "2011 Scheduled Products Listing" page which visibly sports the message [...]
Gold Prices Advance 1.3%, Silver Gains 2.5%
U.S. gold prices rose 1.3 percent and peaked toward a three-week high Wednesday, but it was silver that led the percentage gains among the major metals with its 2.5 percent increase.
Gold prices gained $21.60 to $1,682.60 an ounce in the December futures contract on the Comex in New York. Gold moved between an intraday low of $1,662.00 and a high of $1,693.90 -- its highest point since September 23 [...]
US Mint Sales: Silver Products Return, Hayes Dollar Covers Debut
Buyers opted to hand out more money for coins last week as 63 United States Mint products outperformed their previous weekly gains, the latest sales figures from the bureau revealed.
Friday's returning silver coins and sets helped raise sales, although some silver products again had their totals cut lower than shown in the previous Mint sales report. The 2011-W Uncirculated American Silver Eagle led those declines, dropping 424 to 182,100.
Improving silver products included the 2011-W Proof American Silver Eagle, the 2011 Silver Proof Set and one of the collector five-ounce coins, as highlighted by the Mint's top seven selling numismatic products [...]
In The Lead – New Coke
Did anything material change in the Old World? Not the last time we checked.
What we did check was the Kitco Live Spot price indicators however. They showed gold opening with a gain of $25 at $1,688 the ounce and silver started the midweek session off with a three-quarter dollar rise to the $32.89 level.
The big gainer on the day was platinum, which showed a $30 lift to $1,544 while palladium added $9 and climbed to the $611 mark. It is being anticipated that [...]
US Mint May Hike Prices on Collector Gold and Commemorative Coins
As a result of higher trending gold, prices for United States Mint collector gold and commemorative coins may increase Wednesday, October 12.
If price hikes occur, they would mark a sixth straight week that the Mint has adjusted prices for its collector gold coins. But moving coins higher would also break a streak of four straight weeks where prices had been cut [...]
Parks Canada Centennial Commemortive Circulation Coins Announced
The Royal Canadian Mintis pleased to cap off the celebration of Parks Canada's centennial year by unveiling five new commemorative circulation coins which immortalize Canadians' pride in their legendary natural heritage and capture their trademark passion for the great outdoors.
The commemorative circulation coins unveiled by Canadian government officials and representatves of Parks Canada and the Mint, at a public ceremony hosted at the Canadian Museum of Civilization in Gatineau, Quebec include [...]
Gold Edges 0.6% Lower, Silver Prices Advance 0.1%
Gold futures retreated nearly $10 Tuesday, slicing away almost one-third of the previous day's gains as investors awaited a Slovakian vote on approving the European Union bailout fund.
"There is an incredible amount of headline risk at the moment because of the unclarity behind all the news out of the EU that may underpin gold or cause gold to sell off," Reuters quoted Fred Schoenstein, precious metals trader of Heraeus Precious Metals Management. "There is no real clear direction in which gold should trade."
Gold prices declined $9.80, or 0.6 percent, to settle at $1,661.00 an ounce in the [...]
