Gold Closes Near 3-Week High, Silver Jumps 3.2%
Gold futures rallied near a three-week high Monday as the U.S. dollar weakened and investors were bullish toward commodities and stocks.
Gold prices advanced $35.00, or 2.1 percent, to close at $1,670.80 an ounce in the December futures contract on the Comex in New York. It was the highest settlement price since September 22 when gold closed at $1,741.70 an ounce -- one day before it plunged by nearly $102. Prices on Monday traded between an intraday low of $1,639.90 and a high of $1,676.70. [...]
US Mint September 2011 Coin Production Rises 34.2%
The amount of circulating coins coming out of the United States Mint surged last month, according to September coin production figures released by the government agency. The increase snaps two-straight monthly declines.
Mintages were not revealed for James Garfield Presidential dollars or Chickasaw National Recreational Area quarters, the final 2011-dated coins set to enter circulation this year. The numbers do indicate, however, that the United States Mint is busy striking the Garfield dollars which are scheduled to launch November 17 [...]
Odyssey Finds Silver-Laden SS Gairsoppa Shipwreck
Odyssey Marine Exploration, based in Tampa, Florida, announced the find of the silver-laden, British-flagged SS Gairsoppa.
Some 300 miles off the coast of Ireland in international waters, the shipwreck site is located approximately 4,700 meters (almost 3 miles) below the surface, making the pending recovery one of the most complex operations ever undertaken.
At stake is an estimated 7 million ounces of silver, but the silver was just part of the cargo carried by the SS Gairsoppa when she was sunk [...]
Gold and Silver Prices Rise on Week, Bullion Silver Eagles Top...
U.S. gold and silver prices closed lower Friday but previous daily pick-ups combined to snap four-week losing streaks as gold advanced 0.8 percent and silver gained 3.0 percent.
Gold was pressured Friday, said analysts, as investors sold the yellow metal to meet margin calls. Gold prices declined $17.40, or 1.1 percent, to settle at $1,635.80 an ounce in the December futures contract on the Comex in New York. Prices ranged from an intraday low of $1,627.60 to a high of $1,668.00 [...]
American Silver Eagle Bullion Coins Shatter Annual Sales Record in October...
2011 officially holds the record as the best year ever for American Eagle Silver bullion coins, according to United States Mint sales figures.
American Silver Eagle year-to-date sales hit 34,673,500 Thursday, October 6, blasting past the annual record of 34,662,500 achieved in 2010. The coins soared another 400,000 Friday, rising to 35,073,500 for the year [...]
Royal Canadian Mint’s Newest 2011-2012 Collector Coins Revealed
As Her Majesty Queen Elizabeth II prepares to celebrate an unprecedented 60 years as Canada's monarch and after "The Great One" reached a new milestone by turning 50 in 2011, the Royal Canadian Mint is excited to release an array of collector coins based on these and other distinctly Canadian themes.
The countdown to Her Majesty's Diamond Jubilee is being marked by several 2012-dated coins: a $300 face value 99.999% pure gold featuring the world's first genuine diamond insert; a 99.99% pure 1/10 ounce gold coin and a $20 fine silver coin featuring the Royal Cypher; and a $20 fine silver coin featuring the profiles of Queen Elizabeth II and HRH Prince Philip.
The Royal Canadian Mint's tribute to Wayne and Walter Gretzky features: a 22-Karat gold coin featuring Wayne Gretzky sporting his [...]
NGC President Visits Universal Coin & Bullion
Rick Montgomery, President of Numismatic Guaranty Corporation (www.NGCcoin.com), visited the offices of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas on October 6, 2011 to meet with the company's sales staff and discuss the importance of third-party authentication and grading for consumer confidence and assets liquidity in the numismatic marketplace.
He explained the processes NGC uses to evaluate coins, and said his company now is examining an average of 125,000 coins each month. He also said NGC is working to remove from the marketplace counterfeits being made in China and sold in the United States [...]
US Mint Resumes Selling Silver Eagles and ATB 5 Oz Coins...
The United States Mint on Friday, October 7, cut prices and then resumed selling its line of numismatic silver products. The proof and uncirculated American Silver Eagles and the two latest America the Beautiful Five Ounce Silver Uncirculated Coins had been suspended on Monday, September 26.
The suspensions were triggered due to the rapid fall in silver prices. The metal has since "stabilized" around the $30 an ounce range, or about $10 lower than where it had been during the first three weeks of September [...]
In The Lead – Occupy This. Warehouse Space, That Is.
Gold opened flat at $1,650, silver opened flat at $31.95, platinum added $3 and palladium dropped by the same $3.
Some believe that the US automotive market is finally back on the road to the good old days of sustained robust sales.The current run-rate of near 13 million annualized car sales should give some cause for optimism in the noble metals trading space. Copper advanced 0.50% and oil fell 0.50% while the greenback slipped less than 0.20% in early action. Maybe folks were out in Zuccotti Park watching NY's finest perhaps not being their finest [...]
2010-2011 US Mint Last Chance Products Include Sets, Rolls and Commemoratives
The United States Mint on Wednesday, October 5, added a new last chance products page to its online store entitled "Last Opportunity."
The last chance products includes a variety of 2010, 2011 and even a couple of 2009-dated offerings like proof and mint sets, quarter rolls, dollar rolls, and commemorative coins that celebrate the establishment of the U.S. Army and the Medal of Honor.
It is not the first time the United States Mint has used this method of promotion. Last chance reminders have been [...]
