Numismatic Coin News

PCGS Coin Sniffer™ Helps Detect Coin Doctoring, Hobby Protection Steps May 28, 2010 at 2:12 PM Professional Coin Grading Service (www.PCGS.com) today revealed additional steps it is taking to improve its ability to detect altered coins. PCGS announced that it has a process in development which will detect any foreign substance on a coin's surface, and also announced a major lawsuit filed against alleged coin doctors. According to PCGS officials, in conjunction with the development of coin recognition technology launched in March of this year, PCGS has been developing a process to detect foreign materials and other enhancements to a coin's surfaces. Using energy dispersive X-ray spectrometry (EDX), Fournier Transform Infra-Red Spectral analysis (FT-IR), Raman Spectroscopy and other similar analytical techniques, this detection process (code-named by PCGS, the PCGS Coin Sniffer™) will analyze the surfaces of a coin in a matter of seconds to detect foreign substances and provide quantitative information about the coin. (...) Read the rest of PCGS Coin Sniffer™ Helps Detect Coin Doctoring, Hobby Protection Steps (702 words) © Professional Coin Grading Service (PCGS) for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Counterfeit Coins or Banknotes, Press Releases and Announcements.   2010 American Buffalo Gold Proof Coin Launch Date Officially Announced May 28, 2010 at 1:30 PM The United States Mint on Thursday officially announced when the 2010 $50 American Buffalo Gold Proof Coin would launch. 2010 $50 American Buffalo Gold Proof Coin – Obverse and Reverse (Click to Enlarge) While a price point for the coin is not yet available, the U.S. Mint said in a press statement that the 24-karat gold piece would be released on June 3, 2010, at noon Eastern Time. The date is not a surprise. Earlier this month the Mint revealed the day by adding it to a notification page on its online store. But the press announcement sets its release in virtual stone. Also, it indicated that there would be no household order limits in place. Buyers can order as many as they want. (...) Read the rest of 2010 American Buffalo Gold Proof Coin Launch Date Officially Announced (218 words) © CoinNews.net for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, New Coin Releases, United States Mint News and Information.   IAU Thanks Mint for Canadian International Year of Astronomy Coin May 28, 2010 at 9:40 AM The Royal Canadian Mint is honoured to have received a Certificate of Appreciation from the IAU in recognition of our "commitment and outstanding contribution to the success of the International Year of Astronomy in Canada." In July 2009, the Mint was proud to add its own $30 sterling silver International Year of Astronomy coin to the constellation of numismatic tributes to this global celebration of the field of astronomy. Our collector coin features an observatory surrounded by outer space icons such as a galaxy, a comet and the planet Saturn. (...) Read the rest of IAU Thanks Mint for Canadian International Year of Astronomy Coin (273 words) © Royal Canadian Mint for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Canadian Coins, Coin or Numismatic News, Press Releases and Announcements, Royal Canadian Mint, World Coins.   Gold, Silver, Metal Prices Commentary – May 28, 2010 May 28, 2010 at 7:37 AM Some Like It Cold Good Morning, Global markets extended Thursday's bounce into Friday as gains in the euro provided a catalyst for risk appetite. The common currency built on yesterday's gains and climbed above the 1.24 mark this morning, still drawing strength from China's overt commitment to eurozone assets as regards its reserves. The market stage in May was clearly dominated by the euro's woes but as things stand at this juncture, the risk-reward equation for speculators shorting it versus the US dollar no longer looks enticing to technicians. As the euro rose this morning, the US dollar broke under the 86 level, crude oil climbed above $75, while US stock futures pointed towards possible gains following their second largest rise of 2010 recorded on Thursday. Nevertheless, the final May tally could end with a near 7% loss for the index, as against a probable 3% gain for gold bullion. The highly turbulent month brought with it the sharpest slump in stocks and commodities since the Lehman 'incident' back in 2008. It also gave us a $1250 record for gold prices. (...) Read the rest of Gold, Silver, Metal Prices Commentary – May 28, 2010 (988 words) © Jon Nadler, Kitco Metals Inc. for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.