CoinNews

U.S. gold futures reclaimed a new record over $1,517 an ounce Wednesday while silver prices rebounded to within a few cents of $46 an ounce after their biggest day tumble in six weeks.

Precious metals gained strength as the U.S. dollar weakened following the Federal Reserve statement saying it would keep interest rates low for "an extended period." [...]

Demand for United States Mint numismatic products turned higher for major coins and sets, the bureau's latest sales figures underscore.

This week's report includes the first batch of debuting sales for the five-ounce 2011 America the Beautiful Silver Bullion Coins, the 2011 America the Beautiful Quarters Silver Proof Set, and the 2011 American Gold Eagle Proof Coins [...]

The United States Mint on Wednesday released the 2011 Presidential $1 Coin Uncirculated Set for a price of $19.95.

The 2011 uncirculated set marks the fifth issue in a series that dates back to 2007 when dollar coins honoring American Presidents were first circulated as a result of the United States Mint Presidential $1 Coin Program.

The Presidential $1 Coin Uncirculated Set is an annual United States Mint product that is popular with coin collectors, although it does not enjoy the level of interest as compared to other collector proof and uncirculated sets that have a longer history [...]

Lingering selling pressure persisted in silver overnight and the white metal sank very near to the $45 per ounce bid quote as the US dollar rebounded from fresh lows ahead of today's Fed meeting and Bernanke press conference.

Apprehensions that the recent, eight-session-long rally in metals may have been overdone, and nervousness surrounding the possibility that the Fed may indeed indicate that it plans to take away the party platter from which commodity space speculators have been feasting for a couple of years now contributed to Wednesday morning's early patterns of volatility and indecision in the precious metals complex [...]

The United States Mint on Wednesday may increase the prices on the newly released 2011 Proof Gold Eagle Coins, the First Spouse Gold Coins and the Proof American Gold Buffalo.

These collector coins are subject to weekly price adjustments based on $50 swings in the price of gold. The United States Mint has a numismatic gold coin price policy that uses the average of the London gold fix between the previous Thursday AM and following Wednesday AM, and, if necessary, the Wednesday PM fix price as a directional component [...]

The unique 1787 Brasher Doubloon he purchased in 2005 was the inspiration for the name of a new brand of wine, Arrow&Branch, just released by well-known professional numismatist and Napa Valley California vineyard owner Steven L. Contursi, President of Rare Coin Wholesalers of Irvine, California.

The eagle on the famous gold coin is depicted clutching arrows in one talon and an olive branch in the other.

"This subsequently was a common design theme on many United States coins, indicating that America wants peace but also has the strength and [...]

U.S. gold futures fell a modest 0.4 percent Tuesday, ending a streak of six records and eight session advances. Silver prices tumbled 4.5 percent, the biggest single day loss in six weeks. Profit-taking and corrective pull-backs were noted for precious metals losses.

June gold prices lost $5.60 to end at $1,503.50 an ounce on the Comex in New York. Gold hit a low of $1,492.00 and a high of $1,508.50 [...]

The United States Mint began selling 2011 American Gold Eagle Proof Coins on Thursday, April 21. Buyers ordered more than $27.7 million worth of the 22-karat collector coins by Sunday, April 24.

The Gold Eagle products include coins in four sizes -- one ounce, half ounce, quarter ounce and tenth ounce with respective denominations of $50, $25, $10 and $5. The United States Mint also offers a four-coin set with each of the coins in a single blue velvet, satin-lined presentation case [...]

The flames of volatility turned into a veritable firestorm of price gains and declines on Monday as the new week got underway and Tuesday's opening action showed no indications that the hectic pace of change was about to abate.

Gold and silver continued to cover a large price spectrum as the morning wore on, with the former trying to hang on to the $1,500.00 level while the latter raced across a $2.50+ range that basically extended from $44.60 to $46.30 per ounce. On Monday and during the overnight hours the silver story was much the same; a frenzied spike to very near $50 followed by a near 12% insta-collapse down to the mid $44 area [...]

U.S. gold prices closed to their sixth straight session record on Monday while silver prices reached within inches of $50 an ounce. Both metals, however, dipped from earlier peaks with silver retreating the most after it failed to top its 1980 record high of $53.35 an ounce.

June gold prices climbed $5.30, or 0.4 percent, to close at $1,509.10 an ounce on the Comex in New York, marking nine days of increases. Gold traded between $1,502.20 and $1,519.20 [...]