Coin News

Boy Scouts of America Centennial Silver Dollar Available March 23

United States Mint — Tue, 16 Mar 2010 16:42:56 +0000

WASHINGTON – The United States Mint announced today that it will begin accepting orders for the 2010 Boy Scouts of America Centennial Silver Dollar on March 23, at noon Eastern Time (ET).

2010 Boy Scouts of America Centennial Silver Dollars – Proof and Uncirculated Versions
(Click Image to Enlarge)

The Boy Scouts of America Centennial Commemorative Coin Act (Public Law 110-363) authorizes the United States Mint to mint and issue silver one-dollar coins in commemoration of the centennial of the Boy Scouts of America.

The mintage limit for the 2010 Boy Scouts of America Centennial Silver Dollar is set at 350,000 coins across both product options, the proof and uncirculated versions of the coin, struck in 90 percent silver. Household orders will be limited to 100 units per option.

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CAC Keeping Strict Coin Grading Standards

Certified Acceptance Corporation — Tue, 16 Mar 2010 16:17:21 +0000

Change may be in the air at one or more coin grading services, but dealers, collectors and investors will find business as usual at Certified Acceptance Corp. (CAC).

That’s the company’s message to the hobby in the wake of reports that at least one of the two largest grading services is considering the establishment of "premium-quality" grade designations.

CAC examines and evaluates coins that have been certified by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation of America (NGC).

It then affixes a distinctive green sticker to the holder of each coin which, in its judgment, fully merits the grade that was assigned. Each sticker incorporates a tamper-evident hologram.

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Gold, Silver, Metal Prices Commentary – 3/16/2010

Jon Nadler, Kitco Metals Inc. — Tue, 16 Mar 2010 15:38:16 +0000

Honey, We Shrunk…The Hedge Books!

Good Day,

Bullion prices climbed towards $1115 overnight as overseas market participants helped gold recover from its two-week lows on the back of some bargain hunting in the low $1100’s and the continuing favourable nod it is receiving from various quarters worried about the impact of credit woes on certain currencies.

Positioning ahead of the US Fed meeting also played a role in gold’s comeback from its worst slide in seven weeks, as players are still leaning towards hearing from a ’stand pat’ Fed this week.

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Sponsors Contribute $47,000 for ANA National Money Show in Fort Worth

CoinNews.net — Tue, 16 Mar 2010 06:23:13 +0000

Thirteen sponsors have contributed $47,000 in support of the American Numismatic Association’s 2010 National Money Show™, March 25-27 at the Fort Worth Convention Center.

"The support for this year’s convention has been very strong," said David Truesdell, ANA sales and sponsorship manager. "We’re pleased that so many businesses and dealers see value in the marketing opportunities the ANA offers at the National Money Show and hope this signals a strengthening market for numismatic collectibles. Our sponsors both benefit from their marketing investment and contribute significantly to helping the ANA provide great educational programs and numismatic exhibits at no cost to our members."

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New Coin Honors Australia’s Lost Soldiers of Fromelles

Royal Australian Mint — Tue, 16 Mar 2010 04:57:56 +0000

The Assistant Treasurer, Senator Nick Sherry, and the Minister for Veterans’ Affairs, Alan Griffin, have today announced the Royal Australian Mint will next month issue a collectible 20 cent coin commemorating Australia’s Lost Soldiers of Fromelles.

"This coin is a continuation of the Mint’s Australia Remembers series, exploring our nation’s war experiences and military history behind and beyond the battlefields," the Assistant Treasurer said. "The coin design is based on the Cobbers statue which stands in the Australian Memorial Park at Fromelles.

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CCAC Applicant Opportunity

United States Mint — Mon, 15 Mar 2010 19:42:02 +0000

WASHINGTON – The United States Mint is seeking applicants for appointment to the Citizens Coinage Advisory Committee (CCAC). The term of one CCAC member will expire in March 2010.

The new member would represent the interests of the general public. The application deadline is March 31, 2010. The United States Mint will review all applications and will forward recommendations to the Secretary of the Treasury for appointment consideration.

The CCAC was created to advise the Secretary of the Treasury on the selection of themes and design proposals for circulating coinage, commemorative coins, bullion coinage, Congressional Gold Medals and other medals.

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Bowers and Merena Realize $8.5+ Million in Baltimore Coin and Currency Sales

Bowers and Merena — Mon, 15 Mar 2010 16:29:57 +0000

U.S. Coin and Currency Sales Exceed $7 Million, Including Record-setting Sale of 1901-S Barber Quarter

IRVINE, Calif. — Bowers and Merena Auctions, America’s leading rare coin and currency auction house, continues its long-standing and successful partnership with the Whitman Coin & Collectibles Baltimore Expo.

This finest PCGS-certified 1901-S Barber Quarter in MS-68 went for a record-setting $327,750. (Click Image to Enlarge)

As Official Auctioneer of the March 2010 expo, Bowers and Merena realized more than $8.5 million in U.S. and foreign, coin and currency sales.

Prices realized for U.S. coins exceeded $5.5 million while U.S. currency accounted for a further $1.3 million of the total, for a combined U.S. prices realized of more than $7 million.

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Gold, Silver, Metal Prices Commentary – 3/15/2010

Jon Nadler, Kitco Metals Inc. — Mon, 15 Mar 2010 15:06:07 +0000

E.T.F. = Expect Tonnage to Flow. This Is A Two-Way River

Good Day,

Sovereign debt credit rating apprehensions once again arose in the markets as the mid-March sessions got underway worldwide. Such jitters lent fresh support to the precious metals complex overnight, however gains in gold were facing a stronger dollar, and the other side of the credit fears spectrum; that of China tightenting in the near future. Thus, advances during the nighttime hours were limited to the $1109 value zone for gold, and the yellow metal still had its work cut out trying to repair the worst weekly loss in values it sustained in seven last week.

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US Mint Gold Eagle Bullion Coins on Track for Third Best March

CoinNews.net — Sun, 14 Mar 2010 15:24:16 +0000

American Gold Eagle bullion coins are not on the same fiery pace seen in 2009 or during the Y2K “scare” in 1999, but the latest United States Mint sales figures show they are on track to record their third best ever March.

With the first two weeks of this month now history, US Mint sales of the gold bullion coins have reached 39,500. Buyers will need to scoop up another 48,501 during the next 2 1/2 weeks to pass March 1998 and earn the third best March ranking.

Any slack in sales however, and the month will likely fall to fourth place — only 16,501 more are needed to attain that spot.

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Ponterio & Associates Realizes $1.5 Million in Baltimore

Ponterio & Associates, Inc. — Sat, 13 Mar 2010 22:44:18 +0000

Russia 1882 3 Rubles Realizes an Astonishing $41,300

IRVINE, Calif. — Ponterio & Associates, America’s premier auction house for foreign coins and paper money, realized more than $1.5 million as part of the Official Auction of the March 2010 Whitman Coin & Collectibles Baltimore Expo.

The three-session sale netted nearly $500,000 in foreign paper money sales with ancient and foreign gold, silver and minor coins accounting for more than $1 million in additional prices realized.

"Capitalizing on our firm’s long-standing relationship with the Whitman Baltimore Expo," stated Rick Ponterio, executive vice president of Bowers and Merena, "we were able to conduct a highly successful auction in conjunction with the March expo. Two coins in particular stand out as commanding strong prices from the winning bidders.

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Bullion & Business Weekend Report – March 13, 2010

CoinNews.net — Sat, 13 Mar 2010 18:52:29 +0000

Precious metals were mixed for the second week of March after rallying broadly during the first. Gold declined the most, suffering a near $30 weekly collapse in London while briefly dropping below $1100 an ounce in New York — that, following a $1135 close last Friday.

Platinum was a standout, pulled higher in part by world reports of stronger auto sales figures. The metal is used to make catalytic converters for vehicles.

New York crude oil remained above $81 a barrel but did decline a modest 26 cents this week. In stocks, major indexes in the U.S. and Europe finished higher for the second straight week.

In weekly New York metals prices, April gold declined $33.50, or 3.0 percent, to end at $1,101.70 an ounce. Silver for May delivery finished at $17.048 an ounce, falling 33.4 cents, or 1.9 percent. April platinum advanced $29.30, or 1.9 percent, to close at $1,608.40 an ounce.

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Austrian Mint Strikes Renewable Energy Bimetallic Silver and Niobium Coin

Austrian Mint — Fri, 12 Mar 2010 18:21:29 +0000

Global warming, climate conferences, rising oil prices are constantly in the news. The earth’s resources of coal and oil are large but finite, and neither is a "clean" fuel.

Austrian Renewable Energy Bimetallic Coin
(Click coins image to enlarge)

The dangers of atomic reactors and the thousand years’ threat of radioactive rubbish fill many people with dread. But our industry, our living standards, our life style demand vast quantities of energy — power to run our factories, drive our transport, run our house-holds. Is the answer to be found in Nature, in "Renewable Energy."

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US Mint WASP Bronze Medals Available March 26

Darrin Lee Unser — Fri, 12 Mar 2010 17:27:50 +0000

In recognition of their heroic service over sixty-plus years ago, the Congressional Gold Medal was given to Women Airforce Service Pilots (WASP) of World War II this past Wednesday, March 10, 2010, at a ceremony held in Emancipation Hall at the Capitol Visitor Center in Washington, D.C.

Women Airforce Service Pilots (WASP) Congressional Gold Medal
(Click Image to Enlarge)

During a time of national crisis, thousands of women answered their nation’s call and volunteered for duty as a pilot for the United States Army Air Force. However, unlike their male counterparts, these women were never considered members of the military and always held civilian status.

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Gold, Silver, Metal Prices Commentary – 3/12/2010

Jon Nadler, Kitco Metals Inc. — Fri, 12 Mar 2010 15:47:12 +0000

The Blame Locker

Good Day,

Spot gold bullion prices rose overnight, having once again tested the (and held at) the just-under $1100 level yesterday — a fresh, three-week low. Dollar weakness ahead of the release of US economic data this morning kept bullion specs interested, however an early push towards the $1120 resistance area was truncated and the metal retreated towards $1110, and then even lower, turning negative within the first hour of trading, as the US dollar pared losses incurred immediately following the release of US retail sales figures for February.

Spot dealings started the week’s final session with a $6.90 gain in gold, at an $1116.50 bid quote per ounce, as against a fairly hefty 0.49 slip in the US dollar on the trade-weighted index (to 79.79 at last check) and tracking a half-dollar gain in crude oil (now at $82.66 pbbl.).

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Gold Edges Slightly Higher, Silver and Platinum Advance

CoinNews.net — Thu, 11 Mar 2010 23:23:09 +0000

US gold on Thursday snapped a three-day losing streak, but only by a smidgen with a 10 cent gain on the day.

Silver and platinum climbed as well, registering respective increases of 0.8 percent and 1.4 percent.

Oil climbed also, but as gingerly as gold, with a 2 cent gain. US stocks rose for a third straight session, as both the Nasdaq and S&P 500 hit 18-month highs.

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US Mint Sales: Bullion Coins Rebound, Disabled Vet $1s Advance

CoinNews.net — Thu, 11 Mar 2010 08:44:24 +0000

The latest United States Mint sales report is less than exciting. Only three products show week-over-week improvements. On the other hand, bullion gold and silver American Eagles displayed a touch of spunk after their prior week of easing sales. To the numbers…

Disabled American Veterans Silver Dollars followed the trend of modern commemorates — quick out of the gate, but slower as the days pass. Proofs advanced 24,784 to reach 90,993 while uncirculated sales rose 8,692 to 40,841. Together, these seven day numbers rose 33,476 following their first three days of release.

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America the Beautiful Quarter Rolls and Bags Launch April 19, 2010

CoinNews.net — Thu, 11 Mar 2010 08:24:18 +0000

Rolls and bags of the first 2010 America the Beautiful Quarter will be released on April 19, 2010, the United States Mint said this week. If tradition holds, this will also be the day the coins are officially released into circulation.

The first of the 56 quarters in the new 11-year program will honor a park in Arkansas and is named the Hot Springs National Park Quarter. The April 19 date is in line with expectations, as US Mint Director Moy discussed "the third week of April" during a recent coin forum.

The Mint has also decided on what it will charge for two-roll sets and 100-coin bags of the new quarters. The $32.95 price for the rolls is the same as what the Mint charged last years. The 100-coin bags, however, will be more expensive with a $3 price increase at $35.95.

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Gold Slips Toward $1100/oz, Silver Retreats to $17/oz

CoinNews.net — Wed, 10 Mar 2010 22:05:22 +0000

New York gold approached $1,130 an ounce earlier on Wednesday only to fall 1.3 percent and finish toward $1,100 an ounce by day’s close. Various factors for the decline were cited, including apprehension over forthcoming economic reports from China and futures liquidation with more than 1 million ounces of the yellow metal sold.

In other metals and markets, silver and platinum retreated 1.8 percent and 0.4 percent, respectively. Crude oil, which gold often follows, rose to above $82 a barrel and an eight-week high following unexpected data from the Energy Information Administration. US stocks climbed modestly for a second straight day.

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Pan-Pac Commemoratives Highlight Heritage National Money Show in Fort Worth

Heritage Auctions — Wed, 10 Mar 2010 17:37:15 +0000

Early copper, large and small cents, Indian quarter eagles all highlight wide array of deep collections, March 25-28

DALLAS, TX – World class collections are the name of the game at Heritage Auction Galleries March 25-28 Signature® ANA U.S. Coin Auction, part of the week-long happenings at the ANA National Money Show in Fort Worth, just down the highway a spell from Heritage headquarters in Dallas.

Highlights include commemorative gold, cents large and small, and quarter eagles.

"As always, it’s an honor to present the official auction," said Greg Rohan, President of Heritage Auction Galleries. "Our track record of successful events speaks for itself and is a sign of trust from both the ANA and our consignors. This auction will add to that legacy."

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Gold, Silver, Metal Prices Commentary – 3/10/2010

Jon Nadler, Kitco Metals Inc. — Wed, 10 Mar 2010 17:20:22 +0000

A Sentiment(al) Journey

Gold held steady overnight and its trading range has thus far been confined to only about $10 –between $1120 and $1130. Then again, steadiness was the operative word in the US dollar as well, and the euro did not show too much further movement after falling to a fresh one-month low of under 1.461 against the Swiss franc. The latter had gained against the common currency as speculators manifested a large pile-in into the currency until the SNB fired off a shot across the gamblers’ bow by reportedly stepping into the market and intervening. Take zat!

No further developments were reported on the Greek odyssey front, following a largely symbolic show of support by US President Obama during his tete-a-tete with Greek PM Papandreou. There really isn’t much the US can do for Greece at this moment, but nods of approval for the country’s efforts are always a nice thing to offer…Meanwhile, the EC is still at work sorting out the details of a putative European Monetary Fund (EMF?) designed to help Greece and Portugal through their respective credit travails. For its part, Portugal has now also offered a deficit-reduction plan intended to boost (fast-slipping) investor confidence levels.

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America the Beautiful Quarters Product Prices Announced

CoinNews.net — Wed, 10 Mar 2010 08:53:42 +0000

Following last week’s article series by CoinNews that reviewed each of the major United States Mint products that include America the Beautiful Quarters, the U.S. Mint has stepped forth and answered a key unknown question for each.

The Mint has announced prices for the 2010 United States Mint America the Beautiful Quarters Proof Set; 2010 United States Mint America the Beautiful Quarters Silver Proof Set; 2010 United States Mint Uncirculated Coin Set; 2010 United States Mint Proof Set; and 2010 United States Mint Silver Proof Set.

A summary of each of the products and their prices follow:

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2010 £1 London Coins Begin New UK Cities Series

Royal Mint — Wed, 10 Mar 2010 07:25:21 +0000

The Royal Mint has released its new limited edition £1 London coin in gold and silver, which is part of the new series of four £1 coins representing the UK’s capital cities.

2010 £1 London Gold and Silver Coins Begin New UK Cities Series (Click to Enlarge)

The series has been designed with a contemporary twist by the famous international coin designer Stuart Devlin, Goldsmith and Jeweller to the Queen. In spite of having designed coins for many countries throughout the world, this is the first time he has designed for the UK.

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Lord Wedgwood Unveils Coin Depicting Ancestor’s Sydney Cove Medallion

The Perth Mint — Tue, 09 Mar 2010 22:53:23 +0000

A limited collector coin replicating the design of the historical Sydney Cove Medallion has been unveiled at the Museum of Sydney by Lord Wedgwood of Barlaston, the seventh generation descendant of Josiah Wedgwood, whose company created the original Medallion in 1789.

Sydney Cove Medallion High Relief Silver Proof Coin – Click to Enlarge

Struck by The Perth Mint from 1oz of 99.9% pure silver and issued as official Australian legal tender, the coin features a special ‘high relief’ representation of the celebrated Medallion’s allegorical design portraying ‘time’s opening scenes’ in the colony of New South Wales.

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Gold Ends Mildly Lower, Silver Advances Slightly

CoinNews.net — Tue, 09 Mar 2010 22:19:19 +0000

New York bullion futures were mixed on Tuesday, with gold and platinum closing mildly lower while silver ended slightly higher. Gold reached its lowest price since Feb. 26 as the US dollar strengthened against the euro. Pundits also linked gold weakness to comments from China’s top foreign exchange manager signaling that the yellow metal would not likely be a main reserve investment.

In other markets, crude oil edged down for the first time in three days while US stock marked modest gains — although enough for the Nasdaq to finish at a new 18-month high.

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Royal Canadian Mint to Change Coin Compositions

Royal Canadian Mint — Tue, 09 Mar 2010 17:13:34 +0000

Ottawa, Ontario — As part of the Government of Canada’s budget announcement to modernize Canada’s currency , the Royal Canadian Mint will change the composition of one-dollar and two-dollar coins, using the Corporation’s cost-effective patented multi-ply plated steel technology.

The current composition for the one-dollar coin is bronze plated nickel, while the current composition for the two-dollar coin is, for the inner core, aluminum bronze (copper, aluminum and nickel), and for the outer ring, pure nickel. The primary new composition of both coins, to be launched at the beginning of 2011, will be multi-ply plated steel.

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