U.S. Coin Collecting: Numismatic News 6/19/10

2010 Boy Scouts Proof Silver Dollars Sell Out
June 18, 2010 at 4:18 PM

2010 Boy Scouts Centennial Commemorative Coin The 2010 Boy Scouts of America Centennial Proof Silver Dollar sold out Friday afternoon, with the United States Mint asking potential buyers to join a waiting list.

This procedure is normal for the U.S. Mint and has been utilized on past sell outs, like when the Boy Scouts Uncirculated Silver Dollars reached the same status on April 26, 2010.

Those joining the standby list will be sent the proof commemorative on a first-come, first-served basis, and only if a previous order is: canceled, returned or affected by a processing issue such as an expired credit card.

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Lincoln Coin and Chronicles Set Values Robust
June 18, 2010 at 8:55 AM

US Mint Lincoln Coin and Chronicles It has been just over eight months since the United States Mint released the Lincoln Coin and Chronicles Set on October 15, 2009 to a ravenous group of buyers.

Initial day ordering was so high that many collectors experienced technical difficulties on the U.S. Mint's online store and when calling in by phone.

Reports placed sales in the first five hours at almost 30,000 — an amazing number considering the mintage of the sets was capped at 50,000. Fast-forward 25 hours and all of the Mint's inventory was marked as sold. New orders were entered on a standby "waiting list" to cover cancellations.

While the 30-hour sell-out was longer than some actually predicted, it showed the intense interest collectors and the general public had for the sets… and still do.

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Gold Nears $1260; Silver, Metal Prices Commentary – June 18, 2010
June 18, 2010 at 7:12 AM

Bullion update ... Never A Dull Momentum

Good Morning,

The final trading day of the week commenced with the euro maintaining its recently acquired strength and the US dollar slipping a tad more on the trade-weighted index. More bravado was on tap from the EU in the wake of a Spanish move to publish stress-test results. The EU fired another round in the direction of the debt vigilantes by reaffirming the decision to publish stress-test results of the region's lenders.

The ECB, in turn, asserted that it will 'absolutely not' provide potential test-failers with capital. Spain itself has already projected that it might only need to use 30% of the available 99 billion euro bank rescue funds. Next up at the financial confessional booth: Italy. The Bank of Italy has said that it too will publish national stress-test results of banks in order to clear the apprehensive air.

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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.