Coin Collecting News
Gold and silver bullion sales at the United States Mint have been on a furious pace during the month of May 2010. With about a week left to go, more than 200,000 ounces of gold and more than 3 million ounces of silver have already been sold to the Mint’s authorized purchaser network. Authorized purchasers [...]
On May 20, 2010, H.R. 1177: 5-Star Generals Commemorative Coin Act passed in the House of Representatives. The bill seeks to authorize $5 gold coins, silver dollars, and half dollars to recognize the five United States Army 5 Star Generals: George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry Arnold, and Omar Bradley. The coins would be [...]
For the recently launched America the Beautiful Quarters Program, the United States Mint offers numismatic sales of circulating coins packaged in bags and rolls. Similar products had been available for the previous 50 State Quarters Program and District of Columbia & U.S. Territories Quarters Program, however there will be some modifications for the current offerings. [...]
The Neil/Carter/Contursi specimen 1794 Flowing Hair Silver Dollar has sold for $7,850,000, setting a new record as the world’s most valuable rare coin. Graded PCGS Specimen-66, it is the finest known 1794 dollar and believed by several prominent experts to be the first silver dollar ever struck by the United States Mint. The coin was [...]
Today May 20, 2010, the United States Mint officially launched the Franklin Pierce Dollar into circulation. This coin represents the fourteenth release in the ongoing Presidential Dollar coin series, which honors the Presidents of the United States in the order served. The obverse of the Franklin Pierce Presidential Dollar features a portrait of the former [...]
Recently I purchased from a Heritage online auction a 1923 Peace Dollar, MS64, for $26 and two 1921 Morgan Dollars, MS63, for $30 and $24, respectively. That may seem like a bargain. The retail value of those three NGC and PCGS graded silver dollars is about $140, or a savings of $60. However, these “hammer” [...]
After last week’s US Mint sales report showed unusually low sales or declines across many product categories, this week’s report shows sales resuming their normal course. The debut figures for recently released 2010 America the Beautiful Quarters Proof Set are also available. The US Mint sold 841 First Spouse Gold Coins in the latest week, [...]
In a news conference today, Rep. Anthony Weiner (D-NY) denounced Goldline International, Inc. of Santa Monica, California and also media celebrity Glenn Beck, host of a radio and television program on which Goldline advertises. Weiner attacked Goldline, one of the nation’s largest coin marketing companies with reported sales of $500 million annually and a staff [...]
The United States Mint will hold a launch ceremony for the latest release of the new America the Beautiful Quarters Program. The ceremony will take place on June 3, 2010 at 10:30 AM (MT) at the Old Faithful Inn at Yellowstone National Park. The America the Beautiful Quarters series will include a total of 56 [...]
Gold And Silver Options Expire Next Week, Prices Temporarily Fall
As has been the usual pattern for at least the past year, the spot prices of gold and silver are now being suppressed going into the COMEX and OTC options expirations that occur next Tuesday and Wednesday, respectively. Since gold was about $1,215 at one point on Tuesday, it dropped as low as $1,166 in [...]