U.S. Coin Collecting: 7/1 Numismatic News

2010 Australian Koala Gold Proof Coins Available
June 30, 2010 at 5:43 PM

Appearing as the third proof issue from the Perth Mint of Australia in its internationally acclaimed Australian Koala Gold Coin Series is the 2010 Koala Gold Proof Coin.

2010 Australian Koala Gold Proof Coin

Koalas have long appeared as an iconic symbol for Australia along with their other famous marsupial, the kangaroo. Together, the creatures have graced strikes of the Perth for years, but the Proof Koala Gold Coin only made its debut in 2008.

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© Darrin Lee Unser for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Australian Coinage and Numismatic News, Coin or Numismatic News, New Coin Releases, Perth Mint, World Coins.

Gold Prices Mark Best Quarter Since 2007, Silver Follows
June 30, 2010 at 4:21 PM

Bullion update ... U.S. gold prices finished higher Wednesday, capping their seventh straight quarterly increase and marking their best quarterly performance at 12 percent since the third quarter of 2007.

Silver followed gold, rising 6.7 percent in the second quarter to string together a streak of six consecutive quarterly wins. Other metals fell during the prior three months, however, with platinum and palladium declining 6.7 percent and 7.4 percent, respectively.

In black gold, crude oil fell further behind as it registered a 9.7 percent quarterly loss for its first decline since the fourth quarter of 2008. U.S. stocks posted double-digit percent losses during the second quarter.

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US Mint 2010 Product Schedule Changes, Proof Gold and Silver Eagles TBD
June 30, 2010 at 8:13 AM

The United States Mint on Tuesday published a new 2010 product schedule that offers collectors a full preview of its remaining releases with specific projected dates.

Up until this point, the U.S. Mint had been providing release dates for two months into the future and then general monthly time lines for other coin issues.

Still notably absent from the schedule are exact dates for the uncirculated and proof 2010 American Gold and Silver Eagles, providing a reminder that they may be canceled for a second year. The 2010 bullion versions (investor-intended, non mint marked) have been available since January 19, 2010. The collector uncirculated and proof 2009-dated eagle were canceled due to the enormous bullion coin demand and the resulting shortage of gold and silver coin blanks.

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Gold, Silver, Metal Prices Commentary – June 30, 2010
June 30, 2010 at 7:45 AM

Bullion update ... Bombay Kept At Bay

Good Morning,

Quarterly performance tallies started to trickle in as the last trading day of the month got underway this morning. Commodities tabulated their worst quarter since late 2008/early 2009 as a 10% decline in the complex was affected by Chinese growth contraction fears and investor sentiment about the fate of the rest of the world's economies. Gold posted a third-best showing with a 12% gain, right behind natural gas and coffee (which rose 20%).

Meanwhile, silver turned up in fourth place with a 6.5% appreciation percentage. What did not do well? Industrial metals, for the most part. Consider zinc's 25% plunge, or nickel's 23% fall. Bellwether copper fell 16% on the quarter and black gold dropped more than 9% since the end of March. Bad as the quarter was for commodities, the index of world equities showed a 13% decline in values for the trimester.

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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.