Coin News

US Mint Offers Newly Designed 2009 Platinum Eagle Coin

CoinNews.net — Fri, 20 Nov 2009 19:50:33 +0000

The United States Mint officially confirmed today that the one-ounce 2009 American Platinum Eagle Proof Coin will be available for purchase at noon Eastern Time (ET) December 3, 2009 — the same date it had tentatively provided back in October. As part of the announcement, the US Mint released an image of the new theme for the reverse, which will change annually on platinum coins until 2014.

New 2009 Platinum Eagle Coin Design - Click to Enlarge

Platinum Eagles have not been available from the Mint all year and, as it announced in October, no bullion versions will be struck until at least 2010. This makes the one-ounce proof eagle the only coin available to collectors and investors who desire a 2009-dated platinum American coin. (The Mint discontinued all Platinum Uncirculated Eagles and the fractional Platinum Eagle Proofs in 2008.)

The reverse of this year’s coin will feature the first design of a six year series commemorating the core concepts of American Democracy by showcasing six principles of the Preamble of the United States Constitution.

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Gold, Silver, Metal Prices: Commentary - 11/20/2009

Jon Nadler, Kitco Metals Inc. — Fri, 20 Nov 2009 18:11:33 +0000

Curb Your Capital(ism)

Good Day,

A more robust gain in the US dollar overnight (rising 0.56 on the index, to 75.82) drew additional sales from gold holders and dented values in crude oil as well as other precious and base metals. The US currency gained ground following cautionary words on the state of economic recovery by ECB President Jean-Claude Trichet. US stock index futures were indicating a drop on the day, and risk appetite appeared to be on the wane this Friday morning.

Analysts at Fort Pitt Capital in Pittsburgh distilled the dollar-centric action as follows this morning: "Everyone is looking at the dollar right now. Low interest rates are supposed to make investors want to take risks, but that is not happening. People remain very nervous about the economy, and especially about the consumer.” Nervous, like Mr. Trichet, who cautioned that it is ‘too early to call the [financial] crisis as over.’

Against this changing set of background conditions, New York spot gold bullion opened with an $8 loss, quoted at $1136.70 per ounce. Trade talk indicates a possible dip to the $1100 area prior to a possible renewed assault on the other side of the $1150 mid-point, up to $1180 or $1200. Provided other obstacles do not materialize, of course. In any case, ‘corrections’ have been ultra-shallow up to this point, despite growing nervousness about the sustainability of the patterns now in place since the first day of September. Thus, we still expect to see attempts at higher levels not only today, but perhaps next week as well.

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© Jon Nadler, Kitco Metals Inc. for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News.

Candidate 2010 America the Beautiful Quarters Designs

CoinNews.net — Fri, 20 Nov 2009 07:38:59 +0000

America the Beautiful Quarters kick off in 2010. During the next 11 years and at a rate of 5 per year, the reverse or tails side of each quarter will feature a design emblematic of a national park or site in each state, the District of Columbia and U.S. territories.

[Read about the US Mint's announcement of the America the Beautiful Quarters Program.]

Nearly twenty art renderings were completed some months back as part of the process to select a final quarter-dollar design per location for next year.

Referred to as "candidate designs," these have also been submitted to the United States Commission of Fine Arts (CFA) and the Citizens Coinage Advisory Committee (CCAC) for review.

All of the 2010 candidates are below, with the favorites of both groups highlighted along with their comments.

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Coin News: Counterfeit Euros Detected, Graded Coins for Investments, Type Set

CoinNews.net — Fri, 20 Nov 2009 07:28:24 +0000

Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles:

Counterfeit Euros Are Detected With an Optical Mouse
ScienceDaily

The sensor of some optical mice can be used to easily and cheaply detect counterfeit euros, according to a study published by researchers of the University of Lleida (UdL) in the scientific journal Sensors. Almost 80% of counterfeit coins discovered in Europe in 2008 were two-euro coins …

Go to story »

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Gold Rises Slightly, Stocks Tumble for 2nd Day

CoinNews.net — Thu, 19 Nov 2009 22:17:05 +0000

Gold futures managed to rise slightly Thursday despite a rebounding dollar and sinking oil prices. Silver advanced modestly also, while platinum declined 0.6 percent. US stocks sank for a second straight day, tumbling to register their worst performances this month.

New York precious metal figures follow:

Silver for December delivery rose 4 cents, or 0.2 percent, to $18.455 an ounce. It ranged from $18.150 to $18.64.
Gold for December delivery climbed 70 cents to $1,141.90 an ounce. It ranged from $1,130.00 to $1,146.50.
January platinum declined $8.10 to $1,443.90 an ounce. It ranged from $1,423.60 to $1,455.90.

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Zachary Taylor Presidential $1 Coin and Dollar Rolls

Darrin Lee Unser — Thu, 19 Nov 2009 17:49:01 +0000

Zachary Taylor Presidential $1 coins in dollar rolls went on sale at the US Mint today at Noon ET. The coins mark the fourth and final release this year of a Presidential Dollar and the twelfth for the series overall.

"The idea that I should become President seems to me too visionary to require a serious answer. It has never entered my head, nor is it likely to enter the head of any other person," said Zachary Taylor when the idea of his running for President of the United States first appeared.

But, after winning the office with 47.3% of the popular vote, Taylor said : "I have no private purpose to accomplish, no party objectives to build up, no enemies to punish — nothing to serve but my country," and that is what Taylor tried to do for his short tenure.

Born into a comfortable farmers family and brought up on the frontiers of Kentucky, Taylor had little time or access to receive much of a formal education, which was not uncommon for the era. Upon reaching adulthood, Zachary joined the Army and shortly received a commission as a first lieutenant from his cousin James Madison (current President of the United States). Continuing to serve with distinction, Taylor climbed the ranks and was instrumental in the defeat of several Native American tribes before being promoted to brigadier general and given the command of the southern division of the United States Army.

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New National Park Quarters Album Gets Raving Reviews From Coin Shops!

Zyrus Press — Thu, 19 Nov 2009 15:27:59 +0000

NEWPORT BEACH — Cornerstone’s first album, the National Park Quarters Album, is proving to be a successful addition to the quarter enthusiast’s collection. After sending out test samples to select coin shops, we received an overwhelming number of positive reviews! Here is what people are saying:

“I received a set of samples sight-unseen. When they arrived they were even more impressive than I expected and I sold through them within hours.”

–John Lenertz, www.CoinSupplyExpress.com

“Zyrus Press shipped me samples to review and now that I have it in my hand, I have to say, I’m very impressed. There is no doubt this album will be a hit with our customers. I look forward to seeing the full line.”

–Andrew Auletta, www.Brent-Krueger.com

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US Mint Sales: Braille Dollars Rise, Gold Coins Jump

Mike Unser — Thu, 19 Nov 2009 07:39:12 +0000

With gold prices pounding on new highs, many of the US Mint’s gold coins enjoyed stronger sales last week, although $20 UHRs dropped back and proof Buffalo coins continue to slow.

The newly released Lincoln Presidency cent two-roll sets are visible in this week’s report. The initial numbers are solid. Braille Silver Dollars, which will go off sale in less than a month, also picked up nicely. These and more highlights follow:

2009 Buffalo Gold Proof Coin sales continue to soften as compared to their first few days following their Oct. 19 launch. Another 4,316 were added, which is down nearly half from last week’s reported increase of 8,487. On the other hand, the bullion one-ounce versions climbed 13,500 versus the prior 11,000.
American Silver Eagles topped 25 million this week. Their latest seven-day sales rose by 750,000, which is down from the prior 850,000. American Gold Eagles are moving faster. 41,500 were sold in the last seven days compared to the previous 30,000.
UHR $20 Double Eagles snapped a two-week winning streak. Numbers came in at 1,098 and lagged behind the last gain of 1,453. The year-to-date tally is at 104,862.
Louis Braille Silver Dollars improved across the board. A combined 208,272 have now been sold for all offerings. The Mint will take the Braille products off sale on Dec. 11 at 5:00 PM ET.

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© Mike Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Featured Coin News Articles, First Spouse Gold Coins and Medals, Mint Sales Figures, United States Mint News and Information.

2010 National Coin Week Theme Selected

American Numismatic Association — Thu, 19 Nov 2009 01:18:34 +0000

"Beautiful Places: Landmarks and Mintmarks" is the theme of 2010 National Coin Week, April 18-24. The theme celebrates the many landmarks and scenic places that have inspired the designs on coins and paper money. It was chosen by a panel of American Numismatic Association staff and club members active in the annual celebration.

Clubs are invited to help the ANA celebrate the week by participating in a number of fun and educational events involving geography on coins. A scavenger hunt will be held in the form of a "road trip" visiting beautiful places that have inspired designs on currency, and a program will be available for clubs to hold at their April meetings. Prizes will be awarded for individuals and clubs.

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Gold Touches $1,153/oz, US Stocks Retreat

CoinNews.net — Wed, 18 Nov 2009 23:37:14 +0000

New York gold futures reached higher Wednesday to set a new record at $1,153.40 an ounce. Demand brightened for the yellow metal as the US dollar slid against world currencies. The other metals followed, hitting more than 12-month highs. Some settling occurred later, with platinum ending lower on the day.

In other markets, crude oil finished up for a third trading session while US stocks retreated from 13-month highs.

New York precious metal figures follow:

Silver for December delivery finished up 2.8 cents, or 0.2 percent, to $18.415 an ounce. It ranged from $18.325 to $18.855 — the highest level since July 2008.
Gold for December delivery advanced $1.80 to $1,141.20 an ounce. It ranged from $1,136.00 to $1,153.40 — an all-time high.
January platinum declined $10.50, or 0.7 percent, to $1,452.00 an ounce. It ranged from $1,442.50 to $1,471.70 — the highest since Sept. 2008

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US Inflation Rises, Inflation Calculator Update

CoinNews.net — Wed, 18 Nov 2009 20:15:59 +0000

The cost of living in the US rose more than expected in October, as the price of fuel, food and cars helped drive costs higher, according to a Labor Department report released Wednesday.

Consumer prices rose 0.3 percent in the month after a 0.2 percent increase in September, according to the latest Consumer Price Index (CPI) data. Many analysts were expecting a 0.2 percent increase, according to reports.

Core inflation, which exclude volatile food and energy costs, rose by 0.2 percent.

"I don’t see anything in the report that suggests there’s any real inflation flare-up," Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York, said on Bloomberg. "The Fed is comfortably on hold."

Annual US inflation fell 0.2 percent. Core 12-month inflation rose 1.7 percent after a 1.5 percent rise was noted in September. The reading is within the Federal Reserve’s 1 percent to 2 percent comfort zone, although it is approaching the upper boundary.

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Gold, Silver, Metal Prices: Commentary - 11/18/2009

Jon Nadler, Kitco Metals Inc. — Wed, 18 Nov 2009 16:51:09 +0000

Good Day,

Today’s market news and analysis roundup begins with the -by now- ‘normal’ observance of yet another price record having been achieved by gold. During the hours preceding the New York session’s opening, spot gold touched the $1150 level (plus 30 cents) as the US dollar broke under the 75 mark on the trade weighted index once again. The metal remains overbought and continues to dart around in uncharted territory. Other commodities also climbed, with oil rising back towards $80 a barrel and copper to 13-1/3 month highs near $7,000 a tonne, as the US currency traded at 1.493 against the euro. This morning’s main trading focus was on US CPI figures and US housing starts.

Gold traders were looking for CPI-based clues as to the next direction of trade, both due to its effect on the currency markets and on bullion itself, which is often seen as an inflation hedge. But, at this juncture, we rather feel that any news is translated into "bullish-eze." "Low inflation pressures are traditionally a negative for gold prices," said HSBC analyst James Steel in a market note. "If, however, weak inflation data are seen as allowing the Fed to continue to pursue easy monetary policies, this may be seen as supportive of gold."

As it turns out, inflation figures came in higher than expected, rising 0.3% - driven mainly by an increase in energy and commodity prices. Core CPI was seen at 1.7% over the past year. The inflation data should of course help gold, but the dollar turned up slightly after the news release, although sources we polled were not sure whether to point at the inflation numbers or the very poor housing starts figures.

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Canadian 25-Cent Coin Celebrates Women’s Hockey Gold Medal

Royal Canadian Mint — Wed, 18 Nov 2009 05:59:13 +0000

The Royal Canadian Mint is inviting Canadians to save the latest circulation coin in its Vancouver 2010 collection — the 25-cent coin celebrating the women’s hockey gold at Salt Lake City in 2002.

Up to 22 million 25-cent coins (shown left) celebrating the women’s hockey gold medal at Salt Lake City in 2002 entered circulation. 3 million brilliant coloured versions (shown right) were inserted randomly into circulation rolls. (Click Images to Enlarge)

The launch of the coin was commemorated today at a special event for local hockey youth with special guests including member of the 2002 women’s Olympic hockey team, Danielle Goyette and members of the Montreal Juniors Hockey Club.

"Canada’s women’s hockey team demonstrated the true meaning of spirit and determination when they won the gold medal on February 21, 2002, which triggered celebrations from coast to coast to coast," said Ian E. Bennett, President and CEO of the Royal Canadian Mint. "Employees of the Mint are extremely proud to have produced a coin commemorating this extraordinary moment in Canadian Winter Olympic Games history."

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Gold Rises Slightly, Stocks Remain at ‘09 Highs

CoinNews.net — Tue, 17 Nov 2009 23:10:42 +0000

Precious metals were mixed on Tuesday following explosive gains from the day prior. Gold edged up slightly despite a stronger US dollar. Crude oil continued to stay atop a one-month low. US stocks registered modest gains to remain at ‘09 highs.

New York precious metal figures follow:

Silver for December delivery fell 1.3 cents, or 0.1 percent, to $18.387 an ounce. It ranged from $18.085 to $18.435.
Gold for December delivery rose 20 cents to $1,139.40 an ounce. The yellow metal ranged from $1,127.80 to $1,142.00.
January platinum gained $17.90, or 1.2 percent, to $1,462.50 an ounce. It ranged from $1,433.50 to $1,464.60.

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15.3 Million 2009 Lincoln Presidency Cents Sold

CoinNews.net — Tue, 17 Nov 2009 21:45:31 +0000

The fourth and final redesigned 2009 Lincoln cent launched in Washington, D.C., on Thursday, Nov. 12. By the following Sunday and according to the latest US Mint sales report, 153,427 of the two-roll sets were scooped up by collectors. Crunching the numbers and moving the decimal point, that is 15.3 million pennies.

During the same initial days following the launch of the previous two pennies, 15.2 million of the third Professional Life cents sold, and 20 million of the second Rail Splitter pennies sold.

In contrast, it took almost two weeks for collectors to purchase 9.6 million of the first 2009 Lincoln Birthplace cents — although these set the demand tone for the next three cents when the Mint unexpectedly stopped selling them. The following table provides the latest sales data for the Lincoln penny rolls.

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Bonhams New York Presents First Coins and Banknotes Sale

Bonhams — Tue, 17 Nov 2009 20:55:56 +0000

Collectors are eagerly awaiting the first sale of rare and exceptional Coins and Banknotes to be presented by Bonhams New York. Taking place on December 3rd, the sale consists of over 400 lots ranging from 1692 to the early 21st Century.

Lot 1234: An exceptionally rare and important 1796 $10 so-called "Eagle" graded. Est. $65,000-75,000 (CLICK TO ENLARGE)

Amongst the most coveted lots will be an exceptionally rare 1796 $10 AU50 NGC (pictured, above). Bright green-gold with warm honey and orange highlights, the coin’s intense mint bloom glows broadly in the fields and within the protected design areas. The obverse is of the Turban Head type with stars to both sides. The reverse motif, also used on the contemporary half eagle, depicts the national bird solidly perched on a branch of palm, holding aloft a victory wreath without any olives or berries.

The die work is excellent being BD-1, Breen-6832, Bass-3174, Taraszka-6, R.4, the only known die pairing for the year. From the earliest years of the regularly issued coinage of the United States which started in 1796, this highly important and elusive issue is estimated at $65,000-75,000.

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Coin News: COTY Nominees, Yellowstone Park Quarter, Presidency Penny Video

CoinNews.net — Tue, 17 Nov 2009 16:10:42 +0000

Krause Publications Announces Coin of the Year [COTY] Nominees
NumisMaster

American publishing company Krause Publications has announced the 2010 nominees for its prestigious Coin of the Year awards, to be presented at a ceremony in Berlin, Germany in January, 2010. The coins nominated were released in the year 2008, and represent the highest achievement in theme, design and marketing from mints and central banks from around the world. A panel of judges including authors, editors, numismatists and members of American numismatic associations met to choose the following nominees from hundreds received from around the world …

Go to story »

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Burke and Wills Expedition Anniversary Coins Unveiled

Royal Australian Mint — Tue, 17 Nov 2009 06:06:54 +0000

Leading the pack in commemorating the 150th anniversary of the Burke and Wills expedition, the Royal Australian Mint unveiled new coin designs alongside an exclusive Burke and Wills display at the State Library of Victoria in Melbourne.

2010 Burke and Wills Expedition 150th Anniversary 20c and $1 Australian Coins - CLICK TO ENLARGE

Modern day explorer Jesse Martin together with Assistant Treasurer Senator Nick Sherry revealed the new coin designs today in Melbourne.

Jesse Martin, the current record holder for the youngest person to sail solo around the world non-stop and unassisted, was able to, after looking through the Burke and Wills collection, empathise with taking on such a major expedition, the hardships that came with it and the sense of achievement at the end.

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Gold Touches $1,143/oz, Silver Soars, Stocks Jump

CoinNews.net — Mon, 16 Nov 2009 22:05:44 +0000

Commodities were on fire Monday as another drop in the US dollar weighed into the mix. New York gold futures surged 2.0 percent to a fresh all-time high while silver soared 5.9 percent. Crude oil rebounded from a one-month low. US stocks joined in with their own rally, as the major indexes reached new ‘09 highs.

New York precious metal figures follow:

Silver for December delivery soared $1.02 to $18.40 an ounce. It ranged from $17.475 to $18.450.
Gold for December delivery jumped $22.50 to $1,139.20 an ounce. It ranged from $1,119.5 to $1143.00 — a new all-time high.
January platinum surged $22.90, or 4.0 percent, to $1,444.60 an ounce. It ranged from $1,393.8 to $1,458.20.

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Gold, Silver, Metal Prices: Commentary - 11/16/2009

Jon Nadler, Kitco Metals Inc. — Mon, 16 Nov 2009 16:33:31 +0000

Carry On

Good Day,

With but a week to go before its December options expire, gold bullion tracked a further accelerating, and nearly vertical ballistic trace overnight, as a slew of buy stops hit the market just moments after opening for electronic trade. Some 2,000 contracts went through the order pipeline in the initial minutes of trading - not something one sees on a routine basis. The yellow metal eventually set a fresh record spot peak at 1134.20 during the night, as the dollar fell precipitously towards the 75 mark on the trade-weighted index, and then eventually broke under it.

Carl Johansson, analyst over at Belgium’s GoldEssential.com wrote that he believed that "the orders [seen] on [market] opening were too large to be mere coincidence. A similar comment was made by a bullion trader at Commerzbank who saw that "someone had an interest in making a new high" and that " there are no bullish news that can give a reason for the move, so maybe someone is playing games and trying to protect their position." Talk of $1150 gold subsequently became the order of the new trading day in Asian and European overnight markets.

Johansson added that "option plays could also steer the market over the next few days, with the expiration of the December gold options now only 7 days away (Nov 23), but warned that prices could succumb to heavy profit taking once the weight of pending options and the attached expectations were lifted from the market’s shoulders." Profit-taking. Now there is a phenomenon that has been hardly visible at all since the first session in September.

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Lincoln Cent Presidency 50c Rolls Selling for $15

CoinNews.net — Mon, 16 Nov 2009 08:19:45 +0000

Each of US Mint’s four 2009 Lincoln Cent ceremonial launch events were unique, but all have been similar in offering opportunities for the attendees to make money.

Following the Presidency cent launch in Washington, D.C., on Thursday, Nov. 12, rolls of the new pennies began to appear on the secondary market from those who were there to experience the launch.

A decent profit has been seen by resellers who waited in line to exchange cash for the new Presidency rolls, and then waited in another line to have them stamped and canceled by the US Postal Service as proof they were issued on the day of the ceremony.

In analyzing 56 completed eBay auctions between Nov. 13 and Nov. 15, the average sold price per 50c roll was just four cents shy of $15.

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Rare Coins Placed into Circulation by NJ Dealer

American Coin & Stamp Company, Inc. — Mon, 16 Nov 2009 07:58:12 +0000

By placing 107 rare coins into circulation, Jeff Angello, owner of American Coin & Stamp Co., hopes that this will delight coin collectors as well as stir up interest in the hobby.

For some lucky shoppers, that pocket change could contain super rare coins worth thousands of dollars.

To Jeff Angello, of American Coin & Stamp Company, Inc., rare coins and precious metals are a hobby, a passion and a thriving business. As a token of his gratitude for the many years of collecting, buying and selling rare coins, he is placing 107 coins back into circulation. With a face value of only a few dollars, the rare coins add up to an approximate value of $4000.00.

One of these coins is a penny from 1955, which is the year that his father Joseph Angello founded the business. This particular penny is very valuable due to fact that it was minted with a mistake. The penny, which was minted in Philadelphia, had been stamped twice, causing a doubling of the numbers and letters on the face of the coin.

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Steve Irwin $1 Coin Officially Launches

Royal Australian Mint — Mon, 16 Nov 2009 02:41:01 +0000

One of Australia’s biggest television personalities and well-known wildlife experts has been named as an inspirational Australian and now appears on a new $1 coin.

Acting Chief Executive Officer of the Royal Australian Mint Graham Smith was joined by Terri Irwin and a few of her friends including "Sanchez" the Alligator to officially launch the new coin design at Australia Zoo.

"Steve would have been so proud to see his work elevated to yet another level. His efforts in conservation recognised on a national coin! We are all very proud of him," said Mrs Irwin.

The Royal Australian Mint’s Inspirational Australians collector coin series recognises and celebrates individual achievements and commemorates unique Australians who have made an extraordinary contribution to our society.

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Coin Chat Radio: Warman’s Coin Folders, Gold Market Conditions

Darrin Lee Unser — Sat, 14 Nov 2009 20:18:56 +0000

The November 11, 2009 episode of Coin Chat Radio starts off with Bob Van Ryzin’s ‘What’s In the News’ discussing the US Commemorative Coin Act which includes a provision to strike up to 350,000 Girl Scout Silver Dollar Coins in 2013.

Also included in the new law (111-86) is an option for the Secretary of the Treasury to continue issuing numismatic items containing the 2009 Cents until June 30, 2010. Without the amendment, all sales would have had to end on December 31, 2009.

Publisher Scott Tappa is interviewed by Online Editor Lisa Bellavin about the new Warman’s coin folders available for purchase at ShopNumisMaster.com. Currently there are 14 different types that range in price from $4.99 to $7.99, covering the most popular coins that are still in circulation today.

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Bullion & Business Weekend Report - Nov. 14

CoinNews.net — Sat, 14 Nov 2009 18:18:46 +0000

Precious metals were up and down through much of the week as the US dollar mostly set gold’s direction. While metal futures finished with higher weekly gains in New York, silver was the standout in London logging a 1.2% loss. Oil slipped to a one-month low Friday following weaker than expected US consumer confidence numbers. In stocks, European indexes ended mixed on Friday but higher on the week while US indexes were positive both ways, enjoying a second consecutive up week.

In London bullion weekly figures, gold rose 0.7 percent, silver fell 1.2 percent and platinum advanced 0.9 percent. Friday precious metals prices follow:

London silver closed to $17.32 an ounce, falling 20 cents from last Friday’s close. New York December silver futures ended at $17.38 for a weekly advance of a half penny.

London gold was fixed at $1,104.00 an ounce, rising $7.25 this week. New York gold for December delivery finished at $1,116.70 for five-day gain of $21.00.

London platinum ended at $1,359.00 an ounce, climbing $12.00 since last Friday’s close. New York platinum for January delivery ended at $1,388.70, surging $40.50 on the week.

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