Gold and Silver Gain for Second Straight Week
U.S. gold prices retreated Friday, but losses were slight and the yellow metal settled 0.5 percent higher on the week, capping its second straight weekly gain.
The U.S. dollar rose following a Labor Department report showing that the U.S. unemployment rate fell to 9 percent. That, combined with weakened safe-haven buying, was bearish for the yellow metal [...]
Ronald Reagan Commemorative Coin Act Reintroduced in U.S. House
The Ronald Reagan Commemorative Coin Act of 2011, numbered H.R. 497, is the first coin-related bill introduced this year and in the 112th Congress.
The legislation calls for up to 50,000 $5 coins and 300,000 $1 coins featuring an image of Reagan on the obverse or heads side with an inscription that celebrates the 100th anniversary of his birth, which is on Sunday, February 6, 2011 [...]
2011 American Gold Eagle Bullion Sales Mark Third Best January
Demand for American Gold Eagle bullion coins is on the rise with the latest United States Mint sales figures showing 133,500 ounces delivered in January 2011.
Gold Eagle bullion sales last month rank as the third best January. US Mint Authorized Purchasers snapped up 142,500 ounces during the same period in 1987, leaving it solidly second. The top two and three slots are eclipsed by the first issue month in 1999 when the US Mint recorded sales of 281,000 ounces [...]
Expect the Unexpected – Friday Kitcommentary
Gold briefly retreated to under $1,350 an ounce following the Labor Department announcement, after first spiking higher on the news.
Following that dip, it bounced back towards $1,355, once again. Then, after that, it was back down to $1,350, once more. And, following that set of gyrations, it was...back up again, nearing the $1,360 area. Do the (chart) wave, shall we? [...]
New Prince William and Kate Middleton Royal Engagement Coin Released
Pobjoy Mint is honoured to produce and release a commemorative coin from the Administration of the British Indian Ocean Territory celebrating the Royal Engagement.
It was on the 16th November 2010 following a great deal of public speculation that an announcement was made by Clarence House confirming that Prince William, oldest son of Prince Charles, the Prince of Wales had become engaged to his long time girl friend Miss Catherine Middleton [...]
Gold, Silver and Other Precious Metals Prices Rise
U.S. precious metals prices rose Thursday with gold and silver taking lead as each gained 1.6 percent.
Safe-haven demand and bargain-hunting were most often attributed for the gains in gold.
April gold prices finished up $20.90 to $1,353.00 an ounce on the [...]
PCGS Celebrates Quarter-Century Anniversary
Professional Coin Grading Service (www.PCGS.com) marked its 25th anniversary with PCGS leaders proudly looking back at a quarter-century filled with accomplishments and eagerly looking ahead to upcoming methods and plans for increasing consumer protection.
PCGS officials and PCGS Authorized Dealers gathered on February 2, 2011 for a celebration in Long Beach, California on the eve of the milestone anniversary date [...]
US Mint Sales: Gettysburg Quarters Appear, 2011 Proof Sets Top 300K
The latest series of US Mint sales figures include the opening performances of several recently issued products and a mini-milestone for the 2011 Proof Sets.
The 2011 Proof Sets now have nearly three full weeks under their sales belt since they were released on January 11. Buyers ordered 253,144 during the first six days. The following week they climbed 25,879. The US Mint reports their latest weekly increase at 21,784, which lifted the 2011 Proof Sets over the 300K barrier [...]
Inflation Jitters? Bring Your Vuvuzelas – Thursday Kitcommentary
Selling resumed in the precious metals complex overnight as the US dollar added to yesterday afternoon's gains and despite a fresh rise in crude oil, copper, and the commodities' complex overall.
In fact, during January -- a month when gold lost over 8% in value -- commodities turned in their best performance in over two years' time. Copper, rubber, and cotton recorded new all-time highs, and other raw materials did not do to poorly either [...]
Silver Eagle Hits 6.42M Monthly Sales Record in January 2011
American Silver Eagle bullion coins are off to an amazing start this year with January 2011 numbers shattering the all-time monthly record, according to the most recent figures released by the United States Mint.
In total, the US Mint recorded 6,422,000 of the one ounce Silver Eagles being ordered by its network of authorized purchasers during January. This easily surpassed the previous [...]
