7/23 Coin News

US Coin Composition Debate Returns with High Penny and Nickel Costs July 23, 2010 at 9:49 AM The recent hearing on "The State of U.S. Coins and Currency" by the House Subcommittee on Domestic Monetary Policy and Technology yielded another interesting sub-topic aside from the increased chance for 2010 Silver Eagle proofs previously mentioned on CoinNews. In fact, this topic proved to be a bit more contentious than the eagles as it invoked a miniature power struggle between the executive branch of the United States and Congress. At the heart of the matter is the makeup of American circulating coinage — its composition.... Read the rest of US Coin Composition Debate Returns with High Penny and Nickel Costs (855 words) © 2010 CoinNews Media Group LLC   Gold, Silver, Metal Prices Commentary – July 23, 2010 July 23, 2010 at 7:33 AM Good Morning, Friday's metals market action started off with nice gains across the entire complex. Although no significant shifts took place in euro (@ $1.289) or US dollar (@ 82.55 on the index) players appeared eager to undo the five-day long string of sub-$1200 price settlement days and the five-week long overall price downdraft in gold. The upward move in gold was seen as largely technical in nature and significant gains (beyond the broader $1205-$1220 zone) appear difficult to achieve now that investors are exhibiting ebbing fears of an imminent eurozone crisis while manifesting rising degrees of risk appetite for equities and other assets in the process. Retreating crude oil (falling below $79 per barrel) made progress to the upside somewhat difficult for gold as well.... Read the rest of Gold, Silver, Metal Prices Commentary – July 23, 2010 (941 words) © 2010 CoinNews Media Group LLC