U.S. Coin Collecting: 7/16 Numismatic News

Rare Coins, Exhibits and Education at Boston ANA World's Fair of Money
July 16, 2010 at 12:57 PM

ANA The American Numismatic Association's 2010 Boston World's Fair of Money offers some of the world's most beautiful and famous coins, the nation's top numismatists and a venue in the heart of one of America's most historic cities.

Held Aug. 10-14 at the Hynes Convention Center, the show features a spectacular Museum Showcase, the famous Ship of Gold display, more than 1,100 dealers and vendors, 18 mints from around the world, and educational programs for experts, casual collectors and numismatic newcomers.

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US Inflation Rises 1.1% Over Year, Inflation Calculator Update
July 16, 2010 at 12:15 PM

CoinNews Rate of Inflation Charts US inflation over the last 12 months is the lowest since October as consumer prices slid for a third straight month, according to a government report released Friday.

The Consumer Price Index, the most closely watched indicator of inflation, retreated 0.1 percent in June after a 0.2 percent dip in May, the Labor Department said. The monthly decline was led by plummeting energy costs, and assisted by flat food prices.

"Similar to April and May, a decline in the energy index caused the … decrease in June," the Labor Department stated. "The index for energy decreased 2.9 percent in June, the same decline as in May, with a decline in the gasoline index accounting for most of the decrease. This more than offset an increase in the index for all items less food and energy, while the food index was unchanged for the second month in a row."

Over the past year, US inflation rose 1.1 percent following an increase of 2.0 percent in the 12 months ending in May.

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Gold, Silver, Metal Prices Commentary – July 16, 2010
July 16, 2010 at 6:54 AM

Bullion update ... Good Morning,

Livin' in the USA cost less for a third consecutive month according to estimates offered by most economists surveyed by Bloomberg News. The drop in inflation underscores the reluctance of consumers to do what they do best as still-weak employment conditions continue to undermine their collective sentiment. Today's CPI report is expected to indicate a gain of only 1.2% for the year ending in June.

That's a figure that represents nearly half of the inflation level recorded in the May-to-May period. Thus we find a Fed that talks about something that was only last heard in Japan in recent history: "desirable levels of inflation." The Fed 'desires' to keep long-term inflation trends between 1.7 and 2 percent. Livin' in the USA therefore –for the time being-implies livin' in the land of bargains, despite the slightly more elevated that expected core CPI data.

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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.

Bowers and Merena Boston Rarities Auction Features Rare 1794 Silver Dollar
July 16, 2010 at 12:35 AM

Bowers and Merena Auctions, one of the world's pre-eminent numismatic auctioneers, will host its 2010 Boston Rarities Auction on Saturday, Aug. 7 at The Castle at Park Plaza Hotel and Towers in Boston, Mass.

The Bowers and Merena August Boston Rarities Auction will feature this Virgil Brand-F.C.C. Boyd-Cardinal specimen of the 1794 Flowing Hair Silver Dollar. Certified MS-64 by NGC, the coin is Condition Census #4 for the issue. Even most problem-free 1794 Flowing Hair Dollars that have survived did so only after acquiring some degree of wear. Only six coins, in fact, are universally recognized by numismatic experts as Mint State 1794 Silver Dollars. (Click image to enlarge)