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Wednesday, June 30, 2010

6/30 Coin News






Gold Prices Rise Slightly, Silver Falls
June 29, 2010 at 3:14 PM

Bullion update ...U.S. gold prices edged $3.80 higher Tuesday, marking their third increase in four days as an unexpected drop in U.S. consumer confidence, signs of slower growth in China and continued fears over widening European debt woes boosted the yellow metal's safe-haven appeal.

Other commodities and stocks fell sharply. Crude oil plunged 3 percent — the most in more than three weeks, while major U.S. indexes plunged between 2.6 percent and 3.9 percent.

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D.C. & U.S. Territories Quarters First Day Coin Covers Sales Completion
June 29, 2010 at 11:33 AM

The United States Mint will end sales for all six D.C. and U.S. Territories Quarters First Day Coin Covers on Wednesday, June 30, 2010 at 5:00 pm Eastern Time.

2009 D.C. and U.S. Territories Quarters First Day Coin Covers

The U.S. Mint published a last chance product page at its online store in mid-May which listed the coin covers discontinued date and time, which followed the June 15, 2010 ending availability of its 2009 Lincoln cents and related products.

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$18 Million Rare Double Eagles Exhibit at ANA World's Fair of Money
June 29, 2010 at 9:50 AM

1861-P Paquet and 1921 Proof Double Eagles in Historic ANA Boston Exhibit

(Boston, MA) — An $18 million display of two rare Double Eagles accompanied by Boston-related early Americana will be one of the exhibit highlights in the Museum Showcase area at the American Numismatic Association World's Fair of Money convention in Boston, August 10 – 14, 2010.

1861-P Paquet and 1921 Proof Double Eagles
The 1861 Philadelphia Mint "Paquet Reverse" gold $20, graded NGC MS67, was formerly in the famous Farouk and Norweb collections. Not known to exist until 2006, the gem proof 1921 Saint-Gaudens Double Eagle, graded NGC SP64, is insured for $8 million. Both rare coins will be displayed at the ANA World's Fair of Money in Boston courtesy of Brian Hendelson of Classic Coin Co. (Photos courtesy of Numismatic Guaranty Corporation.) – Click image to enlarge

The coins in this first-ever display are the finer each of the two known 1861 Philadelphia Mint "Paquet Reverse" gold $20, graded NGC MS67, and 1921 Proof Roman Finish Saint-Gaudens Double Eagle, graded NGC SP64. Insured for $8 million each, they are being provided for the ANA exhibit by Brian Hendelson, President of Classic Coin Co. of Bridgewater, New Jersey.

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Gold, Silver, Metal Prices Commentary – June 29, 2010
June 29, 2010 at 7:58 AM

Bullion update ...The Now and Zen of Gold

Good Morning,

Monday's double-digit losses in gold showed little in the way of reversal signs early this morning as news that [revised] Conference Board calculations indicate a possible slowdown underway in the economy of the now largest exporter globally: China. The corrected leading Chinese economic index figure showed an April gain of just 0.3% as compared to the previously reported 1.7% rise. The news undermined speculative appetite and dented a number of stock indices, commodities, and boosted the Japanese yen.

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Read the rest of Gold, Silver, Metal Prices Commentary – June 29, 2010 (83 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.

 

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