7/22 Numismatic News

New $100 Note Educational Material Available July 22, 2010 at 10:25 PM Wednesday, the U.S. government released the first in a series of educational videos, amplifying public education efforts for the new $100 note, which will begin circulating on February 10, 2011. The public education program kicked off in April with the unveiling of the new design for the $100 note and the launch of a new educational website.... Read the rest of New $100 Note Educational Material Available (627 words) © 2010 CoinNews Media Group LLC   First Spouse Gold Coins and Proof Buffalo Prices Cut July 22, 2010 at 9:49 PM Prices were cut late Wednesday afternoon for First Spouse Gold Coins and American Buffalo Proof Coins to better match the recent gold decline. According to the U.S. Mint's gold pricing criteria, if the London Fix weekly gold average between Thursday AM and Wednesday AM moves out of the current range and the Wednesday PM price is in the same direction as the new average, then the Mint will adjust their numismatic gold prices accordingly. This week the average became $1,193.42 and Wednesday's PM price was $1,191.50 — both below the $1,200.00 marker — and that triggered a reduction in US Mint collector gold coin prices.... Read the rest of First Spouse Gold Coins and Proof Buffalo Prices Cut (291 words) © 2010 CoinNews Media Group LLC   Gold Rises Modestly, Silver Gains 1.8% July 22, 2010 at 3:47 PM U.S. gold futures prices rose $3.80 Thursday, marking a third straight day of gains. The yellow metal moved in concert with rallying commodities, but stayed below $1,200 an ounce. Silver and palladium posted gains as well, rising 1.8 percent and 1.1 percent, respectively. Platinum, however, edged slightly lower. In other markets, crude oil prices soared 3.6% and over $79 a barrel while U.S. stocks rebounded following positive corporate earnings reports. Major indexes surged, rising between 1.9 percent and 2.7 percent.... Read the rest of Gold Rises Modestly, Silver Gains 1.8% (1,926 words) © 2010 CoinNews Media Group LLC   PCGS eStore Now Accepts PayPal for Products and Services July 22, 2010 at 1:07 PM The Professional Coin Grading Service eStore (www.PCGS.com/store) now is accepting PayPal as payment for purchases of PCGS products and services. The eStore offers Collectors Club memberships, subscriptions to PCGS CoinFacts™ and the PCGS Online Population ReportSM as well as hobby supplies.   "We are committed to the best customer service possible. PayPal is a convenient, widely used system for online transactions, and now PCGS customers in the United States and around the world who have PayPal accounts easily can order and pay online when purchasing from the PCGS eStore," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).   ... Read the rest of PCGS eStore Now Accepts PayPal for Products and Services (193 words) © 2010 CoinNews Media Group LLC   US Mint 2010 Proof Set on Sale July 22, 2010 at 11:17 AM The United States Mint 2010 Proof Set went on sale today at noon Eastern Time for $31.95. 2010 Proof Set includes 14 proof coins Based on historical trends, more collectors will buy it than any other set this year, including the uncirculated 2010 Mint Set that was released exactly one week ago and opened with four day sales of 200,764. The 14 coins in the 2010 set are in proof condition, feature the "S" mint mark denoting their production at San Francisco, and are displayed in three protective lenses.... Read the rest of US Mint 2010 Proof Set on Sale (571 words) © 2010 CoinNews Media Group LLC   US Mint Sales: Bullion Gold Eagles Top 700K, Silver Eagles Top 20M July 22, 2010 at 8:01 AM Demand picked up last week for American numismatic coins as compared to the prior United States Mint sales report which showed just four products registered week-over-week gains. The latest round of numbers have all but ten U.S. Mint products surpassing prior sales, with seven of those coming from smaller Presidential $1 coin offerings. The bigger dollar items that fell lower were three of the eight First Spouse Gold Coins — both Jane Pierce Fillmore $5 gold coins retreated, as did the proof Margaret Taylor. Prices for all coins in the series were adjusted lower by $25 late Wednesday afternoon, which should help lift their numbers this week.... Read the rest of US Mint Sales: Bullion Gold Eagles Top 700K, Silver Eagles Top 20M (1,157 words) © 2010 CoinNews Media Group LLC   Gold, Silver, Metal Prices Commentary – July 22, 2010 July 22, 2010 at 7:27 AM Good Morning, Gold prices slipped back under the $1190 level on the heels of yesterday's deflation-tinged remarks by Fed Chairman Bernanke and ahead of the release of European bank stress test results tomorrow. The metal appears caught between those who attempt to load up on some ounces at levels they perceive as relative bargains, and those who believe we have seen the highs for the year and that the bounces to the $1200 and up to the $1220 value zones present selling opportunities as well as cash-raising ones. For the moment, the deflationist crowd appears to have the upper hand, although there is indeed a growing faction of players who are throwing in at least a portion of the golden towel on the perception that the sky will no longer fall in Europe and that is any future crisis can be expected in the US, it might be a deflationary one.... Read the rest of Gold, Silver, Metal Prices Commentary – July 22, 2010 (1,223 words) © 2010 CoinNews Media Group LLC