U.S. Coin Collecting: 6/23 Numismatic News

Gold Experts to Offer Investment Tips at 2010 Melbourne ANDA Coin Show
June 22, 2010 at 8:34 PM

As part of the 2010 Melbourne Coin, Banknote and Stamp Show, hosted by the Australasian Numismatic Dealers Association (ANDA), The Perth Mint will present four keynote speeches from some of the country's most prominent bullion and numismatic experts.

With the price of gold reaching an all time high this week, these presentations will be a timely introduction to a range of alternative investment options that are sure to captivate audiences.

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© The Perth Mint for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Australian Coinage and Numismatic News, Coin or Numismatic News, Perth Mint, Press Releases and Announcements.

Gold Rises a Dime, Silver Gains 9.4 Cents
June 22, 2010 at 3:16 PM

Bullion update ... New York gold edged a dime higher as it traded within a $11 range on Tuesday after sharp prior day declines attracted some bargain hunters and keep prices near $1,241 an ounce. Silver and platinum rose slightly as well, but palladium fell 1.1 percent.

In other markets, crude oil declined for the first time in three sessions while U.S. stocks fell with the major indexes sliding between 1.19 percent and 1.60 percent. Weaker-than-expected sales of existing homes was cited as a factor for losses.

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Security Tips & Awareness Help Protect Coins During Travel
June 22, 2010 at 9:26 AM

Briefcase of Coins During the last week, there were two more stories of dealers being robbed. One occurred in Wichita Falls, Texas and the other in Parisippany, New Jersey. In both cases, the dealers stopped at a restaurant after the show ended, and had their windows broken to take what was in the car. The incident in Wichita Falls also involved an assault on the dealer and his wife.

Earlier this year, a coin dealer was robbed in Acton, Massachusetts after leaving a coin show in Westford. Also, a coin dealer from Jacksonville, North Carolina was robbed in Wilmington when he went to visit someone's home he thought was interested in purchasing coins.

These incidents show that it is time for dealers to step up their security awareness and learn to protect themselves from the risks of robberies. Dealers with store fronts have a lot of options to protect their assets, although some have fatal ramifications. For the dealer who travels to and from shows, the security of their vehicle is very important.

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Gold, Silver, Metal Prices Commentary – June 22, 2010
June 22, 2010 at 7:31 AM

Bullion update ... Drivers Wanted. Apply Within.

Good Morning,

Monday's trading tenor changed mid-course and precious metals prices finished with rather significant losses across the board. Instead of playing into the hands of the gold bulls, the Chinese currency news gave rise to increased risk appetite for other assets and gold was sold off as safe-haven hunters gave up on portions of their holdings at least for the day.

Volatility and fake-outs of this type will likely be with us for the remainder of the week, as a slew of US economic data, the Fed meeting, and the upcoming G-20 keep markets on the boil.

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© 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.