U.S. gold prices rose $8.80 on Thursday as the dollar fell to a three-month low and sparked a bout of bargain buying.

Other precious metals advanced with gold. Silver added 1.0 percent, platinum climbed 1.4 percent and palladium jumped 4.8 percent.

In other markets, the weakened dollar also spurred crude oil to close higher for the first time in a week while U.S. stocks ended modestly lower in volatile day of trading.... Read the rest of Gold Prices Rise Above $1171/oz, Silver Advances (615 words)

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The United States Mint reported a second week of rising sales, as the 2010 Proof Set attracted buyers en masse and cheaper prices lifted gold coin products.

Proof gold Buffalos rallied higher for a second straight week, and demand climbed for all eight First Spouse Gold Coins — that has not happened since the beginning of June when the Jane Pierce options were issued. There may be other reasons in play, but their price cuts last Wednesday were a factor.... Read the rest of US Mint Sales: Sets and Gold Coins Big Gainers (1,074 words)

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The United States Mint reported a second week of rising sales, as the 2010 Proof Set attracted buyers en masse and cheaper prices lifted gold coin products.

Proof gold Buffalos rallied higher for a second straight week, and demand climbed for all eight First Spouse Gold Coins — that has not happened since the beginning of June when the Jane Pierce options were issued. There may be other reasons in play, but their price cuts last Wednesday were a factor.... Read the rest of US Mint Sales: Sets and Gold Coins Big Gainers (1,074 words)

© 2010 CoinNews Media Group LLC

Good Morning,

Another overnight period of tight trading ranges and agonizingly slow business unfolded ahead of Thursday’s New York session opening. Gold was confined to an $1162.50-$1170.40 price channel but gyrated mainly around the $1165 figure while the now familiar pattern of lack of interest among European and N. American buyers being offset by sporadic Indian purchases was also manifest.

In the background, the trade was still focused on the Fed survey issued on Wednesday. It shows 12 US regions within which the economic recovery can by labeled as ‘up slightly’ but at the same time still being plagued by plenty of soft patches. Of most concern, lending activity remains flat and new and/or existing home sales continue to be slow.... Read the rest of Gold, Silver, Metal Prices Commentary – July 29, 2010 (969 words)

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The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization’s By-Laws.

"The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin ‘doctoring’ means, but it’s a difficult thing to concisely and substantively define," said Paul Montgomery, PNG President.... Read the rest of PNG Formalizes New Coin Doctoring Definition (476 words)

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Numismatic Theatre, a popular part of the American Numismatic Association’s convention education programs, has been finalized for the 2010 ANA World’s Fair of Money, Aug. 10-14 in Boston.

Numismatic Theatre consists of 30-40 minute presentations given by ANA members on a wide range of topics. Presentations will be held Aug. 11 and Aug. 13-14 in Room 209 of the Hynes Convention Center.... Read the rest of Numismatic Theatre Presentations at Boston ANA World’s Fair of Money (689 words)

© 2010 CoinNews Media Group LLC

Numismatic Theatre, a popular part of the American Numismatic Association’s convention education programs, has been finalized for the 2010 ANA World’s Fair of Money, Aug. 10-14 in Boston.

Numismatic Theatre consists of 30-40 minute presentations given by ANA members on a wide range of topics. Presentations will be held Aug. 11 and Aug. 13-14 in Room 209 of the Hynes Convention Center.... Read the rest of Numismatic Theatre Presentations at Boston ANA World’s Fair of Money (689 words)

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DALLAS, TX — A very rare New Hampshire Colonial Copper printing plate — long believed to have been engraved by Paul Revere, but now known to have been engraved by John Ward Gilman — dating to June 20, 1775, is one of the principal highlights of the Heritage Auctions’ Signature® ANA Currency Auction, Aug. 11-16, in Boston.

New Hampshire Colonial Copper Printing Plate - Click to Enlarge

The New Hampshire June 20, 1775 40s; 20s; 6s; 1s Copper Printing Plate was believed, for many years, to be the engraving work of Paul Revere, and there was certainly plenty of circumstantial evidence to corroborate that conclusion.... Read the rest of Rare Colonial Copper Printing Plate Offered in Heritage Boston ANA Currency Auction (480 words)

© 2010 CoinNews Media Group LLC

Good Morning,

The lowest price in three months, achieved after Tuesday’s brutal sell-off, lured some price-conscious Indian buyers back to the bazaars overnight. It might even turn out to be the case that July’s gold sales in India end up being the best of the year thus far.

As we have often noted, it is [almost all] about price, when it comes to that demand (that, and the calendar, but in that order). In the West however, the trend towards lightening up on the previously huge gold positions and seeking ‘greener’ pastures in other assets remains intact, albeit even as of the latest tallies gold still shows outperformance versus the stock market.... Read the rest of Gold, Silver, Metal Prices Commentary – July 28, 2010 (1,289 words)

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DALLAS, TX — A very rare New Hampshire Colonial Copper printing plate — long believed to have been engraved by Paul Revere, but now known to have been engraved by John Ward Gilman — dating to June 20, 1775, is one of the principal highlights of the Heritage Auctions’ Signature® ANA Currency Auction, Aug. 11-16, in Boston.

New Hampshire Colonial Copper Printing Plate - Click to Enlarge

The New Hampshire June 20, 1775 40s; 20s; 6s; 1s Copper Printing Plate was believed, for many years, to be the engraving work of Paul Revere, and there was certainly plenty of circumstantial evidence to corroborate that conclusion.... Read the rest of Rare Colonial Copper Printing Plate Offered in Heritage Boston ANA Currency Auction (480 words)

© 2010 CoinNews Media Group LLC

SS Central America Shipwreck Moffat $10 Gold Eagle Some of the best coin investments I have ever made involved shipwreck coins. I am not and never have been a coin dealer, just a collector. So...

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U.S. gold prices plunged $25.10 on Tuesday, hitting a three-month low and falling under $1,160 an ounce to its lowest closing level since late April.

Other metals tracked gold, with silver sliding the most at 3.2 percent. Platinum lost 1.2 percent while palladium dipped 1.8 percent.

Weaker-than-expected U.S. consumer confidence data was cited for pulling down crude prices and deflating U.S. stocks. Oil fell 1.9 percent while the major indexes ended mixed, ranging between -0.40 percent and 0.15 percent.... Read the rest of Gold Prices Fall to 3-Month Low, Silver Plummets 3.2% (575 words)

© 2010 CoinNews Media Group LLC

The United States Mint on Monday started selling bags and rolls of the third coin in the new America the Beautiful Quarters™ series, the 2010 Yosemite National Park Quarter. The new 25-cent pieces were also released into circulation on the same day.

Their ceremonial launch will occur Thursday at 11:00 a.m. Pacific Time at the park’s Valley Visitor’s Center, located in Yosemite Village Loop, Yosemite, California.

The U.S. Mint Yosemite park quarter products on sale include two-roll sets and 100-coin bags.... Read the rest of 2010 Yosemite Quarter Bags and Rolls Released (260 words)

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DALLAS, TX — The Official Currency Auction of the 2010 ANA World’s Fair of Money in Boston, MA will be conducted by Heritage Auctions Aug. 11-16. The auction includes three floor sessions and one online session.

A stunning Fr. 1217 $500 1922 Gold Certificate PMG About Uncirculated 55 EPQ is among the featured items. The spectacular note earned Exceptional Paper Quality and Great Margins & Color comments from the grading service and is one of the finest known examples.

Lot viewing will be conducted at the Hynes Convention Center, Room 210, 900 Boylston St., Boston, MA 02115 and the floor sessions will be held at the Hynes Convention Center, Room 203, 900 Boylston St., Boston, MA 02115.

In addition to lot viewing in Boston, a preliminary lot viewing will take place at Heritage Galleries Beverly Hills, 9478 W. Olympic Blvd., Suite #100, Beverly Hills, CA 90212 on Friday, July 30, 2010 and Saturday, July 31, 2010.... Read the rest of Heritage to Offer 2,800+ Currency Lots at Boston ANA World’s Fair of Money (1,378 words)

© 2010 CoinNews Media Group LLC

Good Morning,

Overnight trading saw gold confined to a roughly seven dollar price range as very little in the way of external news filtered into the market to give players motivation for more active participation. The US dollar remained steady near 82 on the trade-weighted index while the euro touched the $1.30 level and held slightly above it into the early part of the morning. Some analysts remain skeptical of the common currency’s current strength and envision it giving some of it up later in the year as debt worries return.

The European bank stress story that occupied most of last week’s headlines has now largely been shelved and has been replaced by the stories anticipating the US GDP figures set to arrive on Friday. Yesterday’s better-than-expected US new home sales data amounted to a small but visible sigh of relief among those who make their plays based on risk appetite signals versus the opposite sentiment.... Read the rest of Gold, Silver, Metal Prices Commentary – July 27, 2010 (1,319 words)

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A new educational display for the Royal Australian Mint’s tourist gallery has been presented to the Mint today.

The display will further educate students and visitors to the Mint about the coin production process.

"The Mint does not make the actual blank coins so up until this point we have only been able to demonstrate to visitors what happens to the blank coins once we receive them," said Ross MacDiarmid, Chief Executive Officer of the Royal Australian Mint.... Read the rest of Coin Production Process Detailed in Royal Australian Mint Exhibit (221 words)

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United States Mint 2010 Proof Sets are moving at a fast pace, with opening sales reaching 296,379 between their release on Thursday, July 22, through to Sunday, July 25.

As a comparison, the sister 2010 Mint Uncirculated Coin Set launched less than two weeks ago and opened to sales of 200,764 during their first four days — they have since improved a further 46,321.... Read the rest of US Mint 2010 Proof Set Sales Start Near 300,000 (289 words)

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Highlights include rarities from Brazil, China, Great Britain and Russia, plus Spanish Colonial and U.S. regulated World gold, Aug. 12-16

DALLAS, TX — The global reach of numismatics is on full display with Heritage Auction Galleries’ Official American Numismatic Association World Coin Auction, to be held Aug. 12-16, at the ANA in Boston, MA.

The first known George V 1928 South Africa Sixpence, struck in sterling silver and graded SP63 by NGC is the Heritage ANA Boston World Coin Auction highlight. It is estimated at $200,000 to $300,000 (USD).

"We’ve put together a very strong sale for our first official ANA World Coin auction," said Cristiano Bierrenbach, Vice President of International Numismatics for Heritage.... Read the rest of Landmark Sixpence Leads Heritage ANA Boston World Coin Auction (977 words)

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"It’s beyond incredible to see these two coins side-by-side. A silver proof 1804 $10 redefines ‘coolness’ in my book, and I’ve handled an awful lot of world-class rarities. The gold 1804 $10 is so sharply struck it looks like a medal, and it’s one of the most beautiful coins I have ever seen," said Laura Sperber of Legend Numismatics.

One of the three known proof 1804 Eagles made on behalf of President Andrew Jackson and a rare 1804 Eagle silver pattern have been acquired by Legend Numismatics of Lincroft, New Jersey and sold to a Texas collector.

Graded NGC PF65 Ultra Cameo, this 1804 proof Eagle (Judd-33) was recently acquired and sold by Legend Numismatics, and now will be displayed at the ANA World's Fair of Money in Boston, August 10 - 14, 2010. (Photo credit: Numismatic Guaranty Corporation)

Both coins will be publicly displayed together for the first time at the upcoming American Numismatic Association World’s Fair of Money convention in Boston, August 10 – 14, 2010.... Read the rest of Legend Acquired and Sold Rare 1804 Eagle Coins to Appear at Boston ANA (527 words)

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Good Morning,

Last week’s European bank stress test results-related jitters have quickly given way to (literally) growing fears of another type. The new week began amid apprehensions that global economic growth-while not quite fit for being labeled as heading for a double-dip — is slowing in concert, from the US, to Europe, as well as to China. In fact, the principal preoccupying statistic in coming days will indeed be the figure that reveals the rate of growth of the US economy over the second quarter.

Expectations of robust rates of expansion for the world’s largest economy have undergone a relatively speedy shrinkage over recent weeks.

... Read the rest of Gold, Silver, Metal Prices Commentary – July 26, 2010 (1,217 words)

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