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| Gold Prices Rise Above $1171/oz, Silver Advances
July 29, 2010 at 4:15 PM
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|  U.S. gold prices rose $8.80 on Thursday as the dollar fell to a three-month low and sparked a bout of bargain buying.
Other precious metals advanced with gold. Silver added 1.0 percent, platinum climbed 1.4 percent and palladium jumped 4.8 percent. In other markets, the weakened dollar also spurred crude oil to close higher for the first time in a week while U.S. stocks ended modestly lower in volatile day of trading.... Read the rest of Gold Prices Rise Above $1171/oz, Silver Advances (615 words) © 2010 CoinNews Media Group LLC  | | |
| US Mint Sales: Sets and Gold Coins Big Gainers
July 29, 2010 at 8:49 AM
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|  The United States Mint reported a second week of rising sales, as the 2010 Proof Set attracted buyers en masse and cheaper prices lifted gold coin products.
Proof gold Buffalos rallied higher for a second straight week, and demand climbed for all eight First Spouse Gold Coins — that has not happened since the beginning of June when the Jane Pierce options were issued. There may be other reasons in play, but their price cuts last Wednesday were a factor. Bullion 1 oz American Gold Eagles jumped 57,000 in seven days, handily leading all gold coins. A big pop? Yes. It took the first twenty-one days in July before they reached 85,000. Fractional 1/2 and 1/4 oz sizes have been stuck in the mud since the 19th, and the 1/10 oz size since the 16th. Still, consider this… if the U.S. Mint sells just 5,001 more ounces, July will rank as second best sales month in 2010 for Gold Eagles, right behind May. That is an accomplishment for a month that is historically one of the sleepiest of the year for the series. 2010 Proof Sets launched last Thursday. Their four-day sales debuted at 296,374, registering a higher daily average than 2009 Proof Sets which the Mint first reported at 437,178 through seven days. Other than stating the obvious — they are selling well — it is too early to place much emphasis on the numbers, however. Numismatic product orders tend to drop sharply as subsequent days from their launch pass. The 2010 Mint Set is a great example. They were released on the 15th and collectors purchased 200,764 in four days. One week later, as this report shows, their numbers increased by a much smaller 46,321. ... Read the rest of US Mint Sales: Sets and Gold Coins Big Gainers (867 words) © 2010 CoinNews Media Group LLC  | | |
| US Mint Sales: Sets and Gold Coins Big Gainers
July 29, 2010 at 8:49 AM
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| The United States Mint reported a second week of rising sales, as the 2010 Proof Set attracted buyers en masse and cheaper prices lifted gold coin products. Proof gold Buffalos rallied higher for a second straight week, and demand climbed for all eight First Spouse Gold Coins — that has not happened since the beginning of June when the Jane Pierce options were issued. There may be other reasons in play, but their price cuts last Wednesday were a factor.... Read the rest of US Mint Sales: Sets and Gold Coins Big Gainers (1,074 words) © 2010 CoinNews Media Group LLC | | |
| Gold, Silver, Metal Prices Commentary – July 29, 2010
July 29, 2010 at 7:45 AM
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| Good Morning, Another overnight period of tight trading ranges and agonizingly slow business unfolded ahead of Thursday's New York session opening. Gold was confined to an $1162.50-$1170.40 price channel but gyrated mainly around the $1165 figure while the now familiar pattern of lack of interest among European and N. American buyers being offset by sporadic Indian purchases was also manifest. In the background, the trade was still focused on the Fed survey issued on Wednesday. It shows 12 US regions within which the economic recovery can by labeled as 'up slightly' but at the same time still being plagued by plenty of soft patches. Of most concern, lending activity remains flat and new and/or existing home sales continue to be slow.... Read the rest of Gold, Silver, Metal Prices Commentary – July 29, 2010 (969 words) © 2010 CoinNews Media Group LLC  | | |
| PNG Formalizes New Coin Doctoring Definition
July 29, 2010 at 6:53 AM
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|  The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization's By-Laws. "The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin 'doctoring' means, but it's a difficult thing to concisely and substantively define," said Paul Montgomery, PNG President.... Read the rest of PNG Formalizes New Coin Doctoring Definition (476 words) © 2010 CoinNews Media Group LLC  | | |
| PNG Formalizes New Coin Doctoring Definition
July 29, 2010 at 6:53 AM
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| The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization's By-Laws. "The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin 'doctoring' means, but it's a difficult thing to concisely and substantively define," said Paul Montgomery, PNG President.... Read the rest of PNG Formalizes New Coin Doctoring Definition (476 words) © 2010 CoinNews Media Group LLC | | | |
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Numismatic Theatre, a popular part of the American Numismatic Association's convention education programs, has been finalized for the 2010 ANA World's Fair of Money, Aug. 10-14 in Boston.
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