Coin News

In The Lead – Rational Exuberance?

Jon Nadler, Kitco Metals Inc. — Mon, 27 Feb 2012 16:27:02 +0000

http://www.kitco.com/

The G-20 meeting in Mexico City failed to produce a pledge by its attendees to chip in with half a trillion dollars’ worth of fresh lending facilities for the IMF. The group signaled that if there is any new money to come from anyone to provide further help to Europe’s now three-years-long crisis, it would have to be doled out only after the region reassesses its financial safeguards next month. [...]
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Gold, Silver Surge in Weekly Gain and Silver Eagles Rebound

CoinNews.net — Sat, 25 Feb 2012 15:35:12 +0000

Gold dipped Friday, breaking away from a three-day winning streak but still notching a weighty weekly advance of $50.50, or 2.9%.

This week proved to be silver’s party, however, as prices soared 6.4% — a gain that triggered several U.S. Mint silver product suspensions.

Platinum was not far behind the white metal, rising 5.0% and ahead of palladium’s 3.3% weekly increase. [...]
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US Mint Halts Sales of Silver Numismatic Products for Repricing

Mike Unser — Fri, 24 Feb 2012 20:40:51 +0000

The U.S. Mint suspended sales of each of its 2011-dated America the Beautiful Five Ounce Coins

As market prices for silver surged above $35 an ounce on Thursday, the United States Mint stopped selling several of its numismatic products that contain the white metal, including all five of its 2011-dated America the Beautiful Five Ounce Silver Uncirculated Coins™ as well as its one ounce 2011-W Uncirculated American Silver Eagle. [...]
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Birth Set with 2012 US Coins Designed for Newborn Babies

CoinNews.net — Fri, 24 Feb 2012 17:42:48 +0000

A new "2012 Birth Set" was revealed by the United States Mint Thursday when the bureau updated its product schedule with several upcoming releases. The U.S. Mint has since published a product page for the Birth Set which is currently targeted with a release date of March 13. [...]
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In The Lead – At The Movies

Jon Nadler, Kitco Metals Inc. — Fri, 24 Feb 2012 16:00:16 +0000

http://www.kitco.com/

Gold prices remained near three-month highs around $1,780 overnight and early this morning as a similarly-sounding achievement was also noted in its most recent tandem trading partner-the euro. The common currency hovered near ten-week highs above $1.34 despite an EU projection of a recession to take place in the region this year and despite earlier contraction-oriented readings in European manufacturing activity. [...]
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Gold Maintains Momentum, Silver Prices Surge 3.8% to Top $35

CoinNews.net — Thu, 23 Feb 2012 21:06:37 +0000

Gold advanced 0.8% Thursday to extend its winning streak to three straight days and close at a fresh three-month high while silver prices soared 3.8% to settle well above $35 an ounce.

Gold prices gained $15.00 to $1,786.30 an ounce in the April futures contract on the Comex in New York. The settlement price was the highest for gold since November 11. Gold bracketed an intraday low of $1,773.30 and a high of $1,789.50. [...]
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US Mint 2012 Numismatic Product Schedule Updated

CoinNews.net — Thu, 23 Feb 2012 18:49:46 +0000

The United States Mint on Thursday updated its 2012 numismatic schedule, adding a handful of products for release in March, April and May.

Major releases include the Star-Spangled Banner commemorative coins which celebrate the bicentennial of the writing of American national anthem, issuance of the Chaco Culture National Historical Park Quarters for New Mexico and the Kennedy half-dollars. [...]
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US Mint Sales: American Eagles Improve, Infantry Dollars Lead Numismatic Coins

Mike Unser — Thu, 23 Feb 2012 17:40:13 +0000

Sales of U.S. Mint American Eagles improved for the gold, platinum and silver issues.

New U.S. Mint sales figures show that buying activity picked up slightly last week for the bureau’s numismatic coins. Sales were no doubt supported by the introduction of the commemorative 2012 Infantry Soldier Silver Dollars yet kept in check by the extended U.S. holiday weekend. While Infantry dollars stood out, bullion and collectible coins in the form of American Eagles were among the weekly overachievers. [...]
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Gold Closes to 3-Month High as Silver Declines, Silver Eagles Jump 300K

CoinNews.net — Wed, 22 Feb 2012 20:42:01 +0000

Gold struggled early Wednesday but later rallied to a three-month high as safe-haven demand picked up and the U.S. dollar pulled back from its earlier peak.

Gold prices rose $12.80, or 0.7%, to $1,771.30 an ounce in the April futures contract on the Comex in New York. The settlement price was the best for gold since November 16. The metal touched an intraday low of $1,750.70 and reached a high of $1,776.30. [...]
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2012 Infantry Silver Dollars and Freedom Set Sales Debut

Mike Unser — Wed, 22 Feb 2012 19:08:05 +0000

Collectors purchased 54,675 Proof and Uncirculated 2012 Infantry Soldier Silver Dollars between Thursday and Monday

Debut sales for the 2012 Infantry Soldier Silver Dollars and the companion 2012 Infantry Soldier Silver Dollar Defenders of Freedom Set were released on Wednesday by the U.S. Mint. Their sales start was faster than last year’s 2011 Medal of Honor Commemorative Coins but slower than the opening demand for 2011 U.S. Army Commemorative Coins. [...]
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