Coin Collecting News
As a journalist, whenever I see the abbreviation DNC I think about the Democratic National Committee. As a numismatist, of course, I know the abbreviation as “Did Not Cross,” meaning one grading company disagreed with the grade of another and refused to label a coin at the exact level. In some ways, DNC can stand [...]
The United States Mint included three additional coins in the lineup available under the Circulating $1 Coin Direct Ship Program. Introduced in June 2008, the program’s intention is to remove barriers and encourage robust circulation of $1 coins by allowing individuals and business to order the coins at face value directly from the Mint. The [...]
The British Royal Mint has began a new series of gold coins in conjunction with the 30th Olympiad to be hosted in London in 2012. The series is inspired by the motto of the Olympic Games: Citius, Altius, Fortius – Faster, Higher Stronger. The current gold series: CITIUS – Faster Three-Coin Set includes a £100 [...]
Today, the United States Mint released the latest coin in the ongoing Presidential $1 Coin Program featuring James Buchanan. To coincide with the release, a launch ceremony was held on the grounds of the President’s former home and sales of numismatic rolls began at the US Mint. The James Buchanan Presidential Dollar features his portrait [...]
On August 16, 2010, President Obama signed a bill into law, which authorizes the production of gold and silver coins to commemorate the bicentennial of the writing of the Star Spangled Banner. The coins would be issued during the calendar year starting January 1, 2012. The bill H.R. 2097 Star-Spangled Banner Commemorative Coin Act was [...]
The United States Mint has sold the full 10,000 maximum mintage for the 2010 Proof American Platinum Eagles. The one ounce platinum coins went on sale just one week ago today. Representing the concept “To Establish Justice”, the coins were issued for the second year of a six year design series presenting the core concepts [...]
Earlier today, the United States Mint increased prices for the 2010 Proof Gold Buffalo and available First Spouse Gold Coins. At the same time, the price of the recently released 2010 Proof Platinum Eagle was decreased. The adjustments were made in accordance with the US Mint’s pricing policy for numismatic gold and platinum coins. Prices [...]
Last week, the American Numismatic Association (ANA) World’s Fair of Money convention was held in Boston. This is one of the largest coin shows in the country each year, with hundreds of dealers hosting booths on the bourse floor. I had a conversation there with a physical metals trader for Morgan Stanley. He assists company [...]
As I have previously discussed, the COMEX silver inventories in bonded warehouses at the close on June 16 totaled 119.5 million ounces. They have generally declined ever since. Instead of the declines being spread somewhat evenly among all the depositories, the withdrawals have focused on just two companies: HSBC and Scotia Mocatta. It happens that [...]
Two Gold Price Research Articles You Must Read
Adrian Douglas, an analyst whose research I have mentioned a few times, published two articles, on August 13 and August 18. They should be mandatory reading for anyone trying to understand the movement of gold prices over the past decade. Even more chilling is where it indicates the gold market is going in the near [...]