Coin News

PNG Applauds Efforts to Battle Coin Doctoring, Monitors Suit June 3, 2010 at 8:45 PM (Long Beach, California) — The Board of Directors of the Professional Numismatists Guild (PNG) met in Long Beach, California on June 2, 2010 and issued the following statement. The Professional Numismatists Guild Board of Directors applauds the Professional Coin Grading Service (PCGS) in its efforts to battle the deceptive practice known as coin "doctoring." The deliberate, deceitful alteration of a coin can pose an egregious financial consequence to individual collectors, investors, dealers as well as the general public. PNG believes the unconscionable practice of "doctoring" is an enormous detriment to the numismatic marketplace. (...) Read the rest of PNG Applauds Efforts to Battle Coin Doctoring, Monitors Suit (284 words) © Professional Numismatists Guild for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Press Releases and Announcements.   US Mint Ceremony Introduces Yellowstone National Park Quarter June 3, 2010 at 11:58 AM In what is typically as picturesque a location as could be found, the United States Mint debuted Wyoming's 2010 Yellowstone National Park Quarters to hundreds of gathered visitors today during a launch ceremony on the grounds of the Old Faithful Inn just steps away from the famous Old Faithful Geyser. Park visitors wait on Old Faithful to erupt an hour prior to the Yellowstone quarter release ceremony, which was moved inside the Old Faithful Lodge Recreation Hall due to incremental weather. The famous geyser is depicted on the quarter's reverse. This coin marks the second release of the America the Beautiful Quarters™ Program which debuted earlier this year with the Hot Springs National Park Quarter from Arkansas. The ceremony was scheduled to be held outdoors but owing to the inclement weather experienced there today, the function was moved inside to the Old Faithful Lodge Recreation Hall. Temperatures hovering in the forties with a drizzle in the air do not make for pleasant event conditions. (...) Read the rest of US Mint Ceremony Introduces Yellowstone National Park Quarter (824 words) © Darrin Lee Unser for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under American the Beautiful Quarters, Coin or Numismatic News, New Coin Releases, United States Mint News and Information.   2010 Fractional American Gold Eagle Bullion Coins on Sale June 10 June 3, 2010 at 9:31 AM The United States Mint this morning officially announced a release date of Thursday, June 10, for the 22-karat 2010 American Eagle Gold Bullion Fractional Coins. The one-ounce Gold Eagle went on sale January 19. Buyers have sprung at the chance to scoop them up. 190,000 were sold during May, which was the highest sales level since 1999. The fractional sizes that will be available include the one-half, one-quarter and one-tenth ounce. The US Mint indicates they will be offered for sale through the "standard allocation process." (...) Read the rest of 2010 Fractional American Gold Eagle Bullion Coins on Sale June 10 (193 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.   US Mint Sales: May 2010 Gold Bullion Highest Since 1999 June 3, 2010 at 7:43 AM Buyers spent more money last week for both numismatic and bullion United States Mint coins. 190,000 ounces of bullion American Gold Eagles left U.S. Mint inventories in May. That marks the highest level since 216,000 were sold in June 1999. Mint authorized purchasers also snapped up 70,500 American Gold Buffalos, bringing the total ounces of bullion gold May sales to 260,500. Only one month since the Mint's bullion program launched in 1986 recorded better, and that was January 1999 with 281,000 ounces of gold coins. Bullion American Silver Eagles scored their own record in May at 3,636,500 — the highest level since December 1986. 15,676,500 have sold this year as of June 2, which already makes 2010 the third best year for the series. (...) Read the rest of US Mint Sales: May 2010 Gold Bullion Highest Since 1999 (942 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, Featured Coin News Articles, Mint Sales Figures, United States Mint News and Information.   Gold, Silver, Metal Prices Commentary – June 3, 2010 June 3, 2010 at 7:21 AM Bob the Investor Good Morning, As has frequently been the case of late, reports that surface one day regarding what China might or might not do about it vast forex reserves, were dismissed the following day by…China itself. In this case, Wednesday's headline "China Reviews Eurozone Bond Holdings" (posted by the Financial Times, no less) turned into "China Stands Pat on Reserves Policy" (thank you, Reuters). Perhaps someday, someone will figure out how book-talk becomes news. Until then we have speculators who enjoy an occasional 'manufactured' set of temporary conditions which play straight into their hands. The euro turned higher, as did European equities, as did Dow futures, following the logical denial coming from China. The country obviously has no intention of self-inflicting collateral damage on an about one-third portion of its huge $2.4 trillion of reserves. Kind of like the late 2009 fall Internet-fueled urban myth about China dumping its dollar holding to buy…euros and gold (or so the story went, at the time). Nothing of the sort happened, but did it ever make for good forum-based chatter… (...) Read the rest of Gold, Silver, Metal Prices Commentary – June 3, 2010 (1,369 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.   Gold Slides 1%, Silver Falls 2.1% June 3, 2010 at 7:21 AM New York gold futures retreated 1.0 percent on Thursday, dropping the most in a week as safe-haven buying weakened, risk appetite strengthened and a touch of profit-taking emerged. Other metals followed with their own declines, with silver falling the most at 2.1 percent. Crude oil, however, surged as prices jumped to a three-week high. U.S. stocks posted mostly modest gains following a late afternoon rally. (...) Read the rest of Gold Slides 1%, Silver Falls 2.1% (603 words) © CoinNews.net 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.