| Coin News |
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Revolutionary War and War of 1812 Battlefields Commemorative Coins Proposed Again
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 Newly re-introduced legislation in the House of Representatives would commemorate the battlefields of the Revolutionary War and the War of 1812 with up to 300,000 $5 gold coins, 1 million silver dollars and 2 million half dollars.
Proposed in one form or another in successive sessions of Congress since 2004, Rep. Rush Holt [D-NJ12] intends to give another shot at passage with a fifth version of the Revolutionary War and War of 1812 Battlefields Commemorative Coin Act. The Act, numbered H.R. 3818, was repackaged by adding the year 2012 and presented to the House for consideration on January 24, 2012 [...] |
| Fri, 27 Jan 2012 17:25:23 +0000 |
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In The Lead – Captain [Credit] Crunch
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 Precious metals -- with the exception of palladium -- opened mildly higher this morning in New York as players awaited US GDP and consumer sentiment data with a degree of caution and as profit-takers stood by to possibly pull the trigger on certain assets following recent spikes. Spot gold started the final session of the week $3.50 higher at $1,724 per ounce while spot silver climbed 20 cents to $33.65 on the bid-side.
Support levels in the yellow metal are at $1,707 and at $1,691 while overhead resistance looms at $1,736 and $1,744 per ounce. In silver, the barriers to overcome on the upside remain neat $34 per ounce [...] |
| Fri, 27 Jan 2012 15:38:35 +0000 |
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Gold Drives to 7-Week High while Silver Jumps 1.9%
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 Gold rallied to a seven-week high Thursday as follow-through buying remained strong from soaring prices on Wednesday that resulted from the Fed's decision to keep interest rates near zero through late 2014. The U.S. dollar has been pounded by the news which has also supported gold, opined analysts.
Gold prices tacked on $26.60, or 1.6%, to $1,726.60 an ounce in the February futures contract on the Comex in New York [...] |
| Thu, 26 Jan 2012 21:59:35 +0000 |
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Dealers and Collectors Praise News of PCGS Hong Kong Coin Grading Services
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 The recent announcement that Professional Coin Grading Service (PCGS) has established a Hong Kong-based authentication and grading service, Collectors Universe (Hong Kong) Ltd., has received enthusiastic response from some of Asia's most respected rare coin dealers and collectors.
Guidelines and submission forms on how to submit coins to PCGS in Asia will be announced soon in conjunction with the Hong Kong Coin Convention and Antique Watch Show, April 6 - 8, 2012 [...] |
| Thu, 26 Jan 2012 19:47:54 +0000 |
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US Mint Sales: Proof Platinum Eagle Improves Despite Higher Price
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 Throw out the debuting 2012 America the Beautiful Quarters Proof Set from the latest United States Mint weekly sales figures and there are only a few interesting items of note left.
Numismatic (and bullion) product sales are significantly slower in this round. Specifically, 29 U.S. Mint products improved over their prior weekly sales versus the 48 out-performers noted in the previous sales report. Two-dozen of the overachievers were lower priced products. In the $50+ category of mint offerings, only a handful of week-over-week gains were realized. Those included the 2011-W Proof Platinum Eagle and four First Spouse Gold Coins [...] |
| Thu, 26 Jan 2012 17:17:04 +0000 |
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In The Lead – Promissory Notes
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Momentum players pulled the "buy" trigger on precious and base metals, along with crude oil and equities, yesterday afternoon, after they concluded that the Fed's offer to not hike interest rates until late 2014 was tantamount to a fresh QE program.
Lost in the euphoric buying spree (and again we draw your attention to the fact that this was a new display of the "buy everything" syndrome which is anything but healthy for one or another asset in the long-run) was the other side of the Fed announcement [...]
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| Thu, 26 Jan 2012 16:54:18 +0000 |
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Gold Prices Rally Above $1700 as Silver Soars Over $33
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Gold prices had been pressured by strength in the U.S. dollar during most of Wednesday until the Fed released forecasts indicating it is likely to maintain "a highly accommodative stance for monetary policy" and that U.S. economic conditions are "likely to warrant exceptionally low levels for the federal funds rate at least through late 2014." The news was taken as inflationary long-term, and drove gold and other precious metals sharply higher.
Gold prices rallied $35.60, or 2.1%, to $1,700.10 an ounce in the February futures contract on the Comex in New York [...] |
| Wed, 25 Jan 2012 21:04:37 +0000 |
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Series 2009 $10 Uncut Currency Sheets Available from BEP
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|  The Bureau of Engraving and Printing (BEP) on Tuesday, January 24, 2012, made available Series 2009 $10 Uncut Currency Sheets.
Uncut Currency Sheets are "hot off the press" and are a "must-have in any collection and make wonderful gifts for those 'hard to buy for' people on your holiday shopping list," the Bureau of Engraving and Printing promotes on its website.
Currency sheet prices vary by the amount of $10 bills. BEP options include a [...] |
| Wed, 25 Jan 2012 19:18:21 +0000 |
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2010-2012 America the Beautiful Quarters Proof Sets Starting Sales
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|  Another round of United States Mint weekly sales figures uncovered the debut performance of the 2012 America the Beautiful Quarters Proof Set. The annual set is the third in the series to feature clad proof versions of America the Beautiful Quarters®.
Launched on Tuesday, January 17, the 2012 Quarters Proof Set kicked off with opening sales of 50,744 during the first seven days, maintaining a trend of slower starts since the first set debuted in 2010 [...] |
| Wed, 25 Jan 2012 17:28:04 +0000 |
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In The Lead – Crisis Mis-Management
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Gold prices fell for a second session on Wednesday as physical demand remained muted and as the US dollar picked up additional strength against the euro. Market participants were focused on upcoming Fed and Davos World Economic Forum statements before making any substantial bets in the precious and base metals' spaces.
Gold's decline was partially attributable to the fact that Greek debt instrument holders failed to come to an agreement with that country as regards a debt-swap plan. The impasse prompted a "risk-off" day on Tuesday and the same sentiment spilled over into this morning's trading action [...] |
| Wed, 25 Jan 2012 16:11:02 +0000 |
