CoinNews

U.S. gold and silver prices rebounded Thursday, supported by higher oil prices and inflationary concerns in Europe.

August gold prices rose $4.00, or 0.3 percent, to settle at $1,542.70 an ounce on the Comex in New York. The metal ranged from a low of $1,534.00 to a high of $1,550.80. Gold prices have advanced 8.5 percent in [...]

The latest US Mint sales figures recaps the week which included Memorial Day. Collectors tend to be more tepid in coin buying surrounding holidays, as personal time takes focus. That and the lack of new US Mint product releases has resulted in a rather mundane reporting week.

Still, 21 numismatic products outperformed their previous weekly gains as compared to 17 previously. Although in this round and for the first time [...]

The Perth Mint on June 7 released a new 2011 Australian Koala 5 Oz Silver Proof Coin for collectors, its largest product in the popular koala coin series and the first issue in this size. The silver coin is currently listed for a price of $431.82 (AUS), or $461.18 (US).

Minted in five ounces of 99.9% pure silver and struck to proof quality, the unique silver coin is sure to draw attention. Its mintage has been limited to just 5,000 strikes [...]

U.S. gold and silver prices declined Wednesday, pressured by a firmer U.S. dollar that benefited, opined analysts, from Federal Reserve Chairman Ben Bernanke's comments on the previous day.

August gold prices lost $5.30, or 0.3 percent, to close at $1,538.70 an ounce on the Comex in New York. The yellow metal traded between $1,531.80 and $1,547.40. Gold is up 8.3 percent this year [...]

While still impressively high, demand for American Gold Eagle bullion coins weakened in May 2011, according to finalized monthly sales figures from the United States Mint.

Sales were modestly slower than the previous month, and down significantly from the levels of a year ago -- although May 2010 happened to be a gigantic month as gold bullion sales reached their highest point since June 1999 [...]

Precious metals opened under selling pressure as the midweek trading session got underway this morning. The losses ranged from $12.20 per ounce in spot gold (opening at $1,532.50) to almost $1 in silver (trading at $36.21 per ounce on the open). Declines were also noted in platinum (it fell $22 to start at $1,811.00 per ounce) and palladium (it dropped $11 to the $796.00 mark).

Sentiment in the complex was largely similar to the goings-on in crude oil (it fell nearly 1% to $98.00), copper (it lost 2.5% this morning), and assorted other base metals. Black gold fell [...]

U.S. gold prices edged lower Tuesday, breaking away from a string of two session gains. Prices were little changed following Federal Reserve Chairman Ben Bernanke's comments about a slowing in the American economy. Bernanke gave no indication as to whether interest rates would be raised or further monetary stimulus attempted to bolster the economy.

"Everybody was looking for some concrete proposal but his (Ben Bernanke's) speech is pretty vague right now. That's one of the reasons why [...]

One of the United States Mint's most popular coins will be hitting the streets on Thursday, June 30 -- the 2011 Proof American Silver Eagle.

The silver coin market has been fierce, and this year's coin will cost more as a result. The 2010 Proof Silver Eagle had a price tag of $45.95, but the price of silver then was around $22 per ounce as compared to about $37 an ounce today. Subsequently, the US Mint indicated that it will offer the 2011 Proof Silver Eagle for a price of [...]

The Numismatic Guaranty Corporation (NGC) on Tuesday announced that it will certify San Francisco minted Silver Eagles. The San Francisco struck bullion coin was introduced just one week ago by the United States Mint.

NGC will designate such coins with a label reading "Struck at San Francisco Mint." Additionally, the label will have the "S" mintmark in parentheses next to the coin's date.

San Francisco is no stranger to the American Silver Eagle bullion coin, but the U.S. Mint's facility in California had not produced them in more than a decade. In an attempt to help [...]

The Perth Mint of Australia has launched four 2011 Australian Koala Gold Proof Coins, marking a 4th annual appearance in a series that is dedicated to the marsupial native to that country.

Koalas have appeared on collectible coins from The Perth Mint for several years now. The companion silver koala series debuted in 2007. Realizing the popularity of the creature and their inclusion on precious metal legal tender coinage, the Mint released the first gold proof coins the following year [...]