Monthly Archives: August 2012
Gold Starts Week Higher, Silver Eagle Coins Top 20M
Gold rose for a second session Monday, closing to the highest price in a week. Support came from a weaker U.S. dollar and continued speculation of eventual Fed easing.
In starting the new trading week, gold prices for December delivery added $6.90, or 0.4%, to $1,616.20 an ounce. Gold traded between [...]
National Baseball Hall of Fame Commemorative Coin Act is Law
On Friday, August 3, 2012, President Obama signed into law (Public Law No: 112-152) the National Baseball Hall of Fame Commemorative Coin Act, which requires the Treasury Secretary to produce and sell commemorative gold, silver, and clad coins in 2014.
The designs on the coins shall be emblematic of the game of baseball, with the gold $5 and the silver $1 denomination coins having exciting shapes, in a similar fashion to the 2009 International Year of Astronomy coins issued by the French Mint [...]
In The Lead – Q: Dude, Where’s My Gold? A: In...
At the opening bell in New York this morning gold hung on to its gains and traded near $1,605 while silver remained flat-to-lower, near $27.70 per ounce.
Thomson Reuters' "inside Metals" report notes that "gold remains trapped in no man's land between hopes it will rally if Western central banks are forced to further ease monetary conditions and the reality that physical demand in Asia remains tepid." [...]
PCGS Offers On-Site Coin Grading at August 2012 Hong Kong Shows
The world's leader in rare coin authentication and grading -- Professional Coin Grading Service (PCGS) -- has opened a new corporate office and grading center in Hong Kong.
PCGS also will be accepting submissions from collectors and dealers at the Hong Kong International Coin Convention & Antique Watch Fair (HICC) at the Holiday Inn Golden Mile in Kowloon, August 24 - 26, 2012 [...]
Limits for Making American History Coin & Currency Set
On Tuesday, August 7, 2012, the United States Mint will release the Making American History Coin & Currency Set at a price of $72.95.
Limits are now officially known for the set, thanks to fresh updates revealed on the set's product page. The established production limit is a maximum 100,000. The initial production level is [...]
Gold, Silver Rebound in Mixed Week, US Coins also Mixed
Gold and silver rebounded sharply Friday after three straight daily losses, but only silver managed to cross into positive territory this week.
Among weekly prices, gold edged down 0.5% while other precious metals posted gains of 1.1% for silver and palladium and 0.4% for platinum
On Friday, gold prices for December delivery jumped $18.60, or 1.2%, to $1,609.30 an ounce [...]
Pro Football Hall of Fame Commemorative Coins Pass House
Pro Football Hall of Fame Commemorative Coins could make an appearance two years after commemorative coins for the National Baseball Hall of Fame are released.
On Thursday, August 2, 2012, the U.S. House of Representatives passed H.R. 4104, the Pro Football Hall of Fame Commemorative Coin Act. The bill calls for up to 50,000 $5 gold coins, a maximum of 400,000 silver dollars and up to 750,000 clad half dollars [...]
March of Dimes Commemorative Coin Approved in House
On Wednesday, August 1, 2012, the U.S. House of Representatives passed legislation calling for a 2015-dated commemorative coin in recognition of the 75th anniversary of the March of Dimes.
Introduced by Rep. Bob Dold (R-IL) on October 13, 2011, the March of Dimes Commemorative Coin Act would authorize the U.S. Mint to produce up to 500,000 silver dollars in [...]
collector proof and uncirculated qualities.
Coin & Currency Set, Platinum Eagle, S Acadia 25c in Week...
The United States Mint is geared up for an active period, spanning the second week of August. Another Silver Eagle related product gets things started, followed by more San Francisco-made coins and a new Platinum Eagle.
Beginning Tuesday, August 7, a new item will go on sale, the Making American History Coin & Currency Set. The set celebrates the [...]
In The Lead – Head-Hunting Of Another Kind
Ahead of this morning's jobs report, gold prices finally managed their first gain in five days, rising to near $1,595 per ounce on the assumption that bargain hunters might provide some support to the metal under the $1,600 level. It could turn out to be the case by day's end that gold will have turned in its worst weekly performance in six with a decline of roughly 1.5%...
Well, the US Labor Department reported that in the month of July US employers created a very robust 163,000 positions. The figure was 63,000 above consensus expectations. However, the overall jobless rate ticked up [...]