May 17, 2012

Five Reasons To Expect Gold and Silver Prices To Be Suppressed This Week

There are some weeks when there are stronger incentives for the US government to work with its trading partners to hold down gold and silver prices.  Precious metals prices took a tumble as soon as the US markets opened on Monday this week.  The trading pattern on the COMEX shows that the prices have been [...]

Proof Boy Scouts Silver Dollars Move to Waiting List

Proof Boy Scouts coin

Just before the weekend, the United States Mint posted a “waiting list notice” for the proof version of the 2010 Boy Scouts of America Centennial Silver Dollar. The notice indicates that the United States Mint has received orders sufficient to reach the maximum authorized mintage for the commemorative coin issue. This amount was set by [...]

The Main Reason the US Government Is Unlikely To “Confiscate” Gold, But the Legal Basis on Which It Could Theoretically Try To Do So

My June 8 column proclaiming that the specter of “gold confiscation” is a deceptive marketing gimmick rather than reality touched a lot of nerves.  There are obviously a number of people who are deeply fearful that there could be some kind of mandatory redemption unleashed with no notice.  Even the economic information I presented in [...]

Orsegi National Park Rectangular Coin from the Hungarian Mint

Orsegi National Park Coin

The Hungarian Mint has issued an unusual coin which launches a new series honoring the country’s national parks. The new rectangular coin pays tribute to the Orsegi National Park, founded as recently as March 2002. The obverse carries an image of the Dusky large blue butterfly, an endangered species but fortunately, abundant in the Orsegi [...]

Edmund Moy Interview Part Two: Proof Silver Eagles, U.S. Coin Design

2009 Proof Silver Eagle

Editor’s Note: This is part two of an interview with United States Mint Director Edmund Moy conducted by Michael Alexander of the London Banknote and Monetary Research Centre in January 2010. In this portion of the interview, Director Moy talks about the decision not to produce the proof version of the 2009 American Silver Eagle [...]

Minah Canth and Equality €10 Silver Coin from the Mint of Finland

The Mint of Finland has issued a new €10 silver coin to mark “Minna Canth and Equality.” Minna Canth was the first woman in Finland to be awarded her own national flag day. She was considered a versatile talent, both as a writer and as an opinion leader in social affairs. The obverse of the [...]

Yellowstone National Park Quarter Covers Created by Collector

Yellostone Quarter First Day Coin Cover

Since the United States Mint will not be offering First Day Coin Covers for the America the Beautiful Quarters Program, a collector decided to make his own covers for the series. The collector, known on eBay as “greanmonkey”, has created a batch of Yellowstone National Park Quarter covers as follow up to his previously created [...]

Thinking of Selling Your Gold Jewelry? Watch Out for Gold Buying Tricks and Scams

gold jewelry

With the highest unemployment levels in decades, many Americans are looking for ways to bring home extra cash.  Well, just about everyone has heard that the price of gold has been at or near all-time record levels for much of the past two years (ignoring inflation).  In addition, there are a number of so-called gold [...]

Fractional 2010 Gold Eagle Sales Begin

Fractional 2010 Gold Eagle

Sales of the United States Mint’s fractional 2010 American Gold Eagle bullion coins are off to a brisk start, but the initial sales failed to match the torrid pace set by last year’s offering. The fractional Gold Eagles are available in one-half ounce, one-quarter ounce, and one-tenth ounce sizes. Typically, these coins are offered along [...]

US Mint Sales: 2010 American Buffalo Gold Proof Coins

2010 Gold Buffalo

This week’s report of the United States Mint’s numismatic product sales includes an updated total for the recently released 2010 American Buffalo Gold Proof Coin. Other highlights include the latest figures for the 2009 annual sets and 2009 Lincoln Cent Two Roll Sets, which will go off- sale later today. The 2010 Proof Gold Buffalo [...]