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Thursday, October 14, 2010

10/14 Numismatic News

   
Gold Closes to New $1370+ Record, Silver Nears $24
October 13, 2010 at 3:34 PM
 
 

Bullion UpdateU.S. gold prices surged to a new all-time record of above $1,370 an ounce on Wednesday, driven higher by a weaker dollar which was pressured by "fresh" speculation that the Federal Reserve will ease its monetary policy in November.

Other precious metals moved with gold for a second day. Silver soared the most, rallying 3.4 percent and to a new 30-year high that was just a few cents shy of $24 an ounce....

Read the rest of Gold Closes to New $1370+ Record, Silver Nears $24 (674 words)


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2010 Proof Gold Eagle Opening Sales Soar Over Past Issues
October 13, 2010 at 10:34 AM
 
 

The opening demand for 2010 Proof American Gold Eagles soared past prior-year issues, according to the latest round of gold coin sales figures from the United States Mint.

2010-W Proof American Gold Eagle Coin

2010-W Proof American Gold Eagle Coin

Anticipation spurred one-ounce Gold Eagle sales the most. Buyers snapped up nearly one-third of their authorized mintage in only four days. All sizes burst past the debuting performance of the 2008 issues, which was the last year the 22-karat gold pieces were available....

Read the rest of 2010 Proof Gold Eagle Opening Sales Soar Over Past Issues (371 words)


© CoinNews.net for CoinNews Media Group, LLC from http://www.CoinNews.net, 2010. | Permalink | Coin Collecting News | This feed is for personal, non-commercial use only. The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint: CoinNews.net-82f1721f247ce330b22c1c40d6baekeullk70)


 

 

 
   
   
     
   
Gold, Silver, Metal Prices Commentary – October 13, 2010
October 13, 2010 at 7:32 AM
 
 

GoldGood Morning,

Dissecting the minutes of the Fed meeting offered a fresh opportunity to dollar-sellers to do more of the same overnight. The surprisingly dovish language that was contained in the notes ignited expectations of the Fed easing next month among the few remaining holdouts in the market.

This, despite Goldman Sachs' cautionary finding that some 750 billion and up to 1 trillion dollar's worth of accommodation is already priced into the markets. Curiously, that was the same Goldman Sachs that envisions $1,650.00 gold within twelve months' time; as if the metal — at $1,360.00 — has not priced in such largesse already....

Read the rest of Gold, Silver, Metal Prices Commentary – October 13, 2010 (1,290 words)


© Jon Nadler for CoinNews Media Group, LLC from http://www.CoinNews.net, 2010. | Permalink | Coin Collecting News | This feed is for personal, non-commercial use only. The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint: CoinNews.net-82f1721f247ce330b22c1c40d6baekeullk70)


 

 

 
   
   
     
   
Austria 2010 20€ Rome On The Danube Vindobona Silver Coin Launches
October 12, 2010 at 10:56 PM
 
The second coin in the Austrian Mint's new series "Rome on the Danube" is dedicated to the famous city of Vienna that began its existence as a military outpost on the northern borders of the Roman Empire.

Austria 2010 Rome On The Danube Vindobona Silver Coin

The 20 Euro Vindobona silver coin commemorative was issued on 8th September, 2010, and is eagerly awaited by coin collectors and fans of Roman history alike.

Like so many Roman towns and fortresses VINDOBONA, Roman Vienna, was preceded by Celtic settlements. It was an area where two important trade routes crossed, the Amber Road from the north down to Italy and the River Danube itself.

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