By Everett Millman – Gainesville Coins …… It’s quite common to find Buffalo nickels that are dateless—missing the four digits that indicate the year the coin was made. We’ll examine why this happened and help you determine how much no-date Buffalo nickels are worth. Why Some Buffalo Nickels Have No Date As amusing as it is […]
The post No-Date Buffalo Nickels: How to Find Their Value appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… New economic sanctions against Russia will target the country’s gold exports. Several of the Group of 7 nations (known as the G7) have banned any Russian gold from entering their countries as of Sunday, June 26. Who is Banning Russian Gold? In addition to the United Kingdom, the United […]
The post Biden and G7 Ban Russian Gold Imports appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… Palladium is currently in a supply deficit. This is the main reason that prices have climbed so much recently. The shortfall in the palladium supply has been building for several years. Of course, demand from the automotive industry is also playing a role. As Jim Wyckoff of Kitco […]
The post Why Palladium Prices Keep Going Up appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… It’s every goldbug’s favorite pipe dream: a return to some kind of gold standard that backs our money. Nothing remotely like a gold standard has been used anywhere in the world in almost 50 years. A true gold specie standard–the use of gold coins as money–hasn’t been in effect […]
The post Will Gold-Backed Currencies Be Revived? appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… Bitcoin vs. Gold: What’s the Difference? The financial media has at times struggled to cover the emerging sector of cryptocurrencies. By now many have at least heard of the first and most prominent cryptocurrency, Bitcoin. If you ask a crypto enthusiast why Bitcoin is different from the thousands of […]
The post Bitcoin vs. Gold: 10 Crystal-Clear Comparisons appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… Since this past December’s swoon for stock markets around the globe, investor interest in precious metals has seen a resurgence. You would expect a rebound in sales after the United States Mint experienced sharply declining mintage totals for U.S. bullion coins in 2018, namely the American Silver Eagle. However, […]
The post Silver Eagle Demand Exhausts U.S. Mint Supply appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… If you haven’t noticed, Venezuela is in absolute turmoil. The growing calamity has economic, political, and humanitarian dimensions that are beginning to spread across South America. Aside from a growing refugee crisis and shortages of food and medicine, the country is dealing with political upheaval and runaway inflation. Its […]
The post Precious Metal News: The Problem With Venezuela’s Gold appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… About five years ago in India, the newly-elected government of Prime Minister Narendra Modi continued with the previous administration’s new legal measures designed to ease the imbalance of gold flows into the country. Demand from Indian households (many of them rural farmers) brings hundreds of tons of gold across […]
The post Precious Metals & Bullion News: Press, Public Criticize India Gold Scheme appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… One of the many fascinating aspects of coins from Ancient Rome is that they are found over a very large geographical area. You’ll find them scattered across Europe, Britain, and North Africa in addition to Rome proper. This is evidence of the great territorial expanse of the Roman Empire […]
The post Metal Detecting Brothers Unearth Ancient Roman Coins in Belgium appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… India is routinely the world’s leading country in terms of annual gold demand. Collectively, the Indian public holds an astounding amount of physical gold—over 20,000 metric tons, by most estimates! For context, that’s more than double the gold reserves of the United States, which is itself more than double […]
The post Gold & Precious Metals News – India May Loosen Rules On Bullion Banking appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… Celtic Coins minted roughly 2,000 years ago by tribes in Britain’s ancient past are unearthed every so often in the modern-day United Kingdom. Sometimes they are found by professional archaeologists, but Celtic coins are just as frequently found by hobbyists with metal detectors. A similar Celtic gold stater […]
The post Celtic Coins – Even Ancient Coins Had Errors appeared first on CoinWeek.
By Everett Millman – Gainesville Coins …… Let’s be clear about this: You shouldn’t eat gold. Don’t eat gold. Ever. Just don’t. It’s that simple. Not only is it hazardous for your health, but it’s a very stupid thing to do with your gold! It would be like using diamonds as mulch in your front yard […]
The post Don’t Eat Gold: Thief in India Learns the Hard Way appeared first on CoinWeek.
Gold Repatriation By Everett Millman – Gainesville Coins …… For reasons that have to do mainly with security, a number of America’s allies around the world have for decades agreed to store a portion of their national gold reserves — their sovereign gold — in New York. Specifically, at the Federal Reserve Bank of New […]
The post Gold Repatriation Could Be Sign of Things to Come appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. One of the major players in the precious metals industry is largely closing up shop. What does that mean for the rest of the markets? Marred Reputation Big banks have long played a crucial role in precious metals. They function as “market makers”, bringing together large-scale buyers and […]
The post Gold, Bullion & Precious Metals News – Scotiabank Restructuring Metals Business appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. One of the longstanding uses for coins and medals is to commemorate transformative or otherwise noteworthy events. What better way could there be to immortalize an important milestone or historic moment? THat is what the Singapore Mint has done. Of course, this is provided the moment being commemorated actually […]
The post Singapore Mint Issues Its Own Trump-Kim Summit Coin appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. It’s probably safe to say that, for those of us who missed the cut for the Forbes 400 (maybe next year), unexpectedly finding even a single gold coin would be a cause for wild celebration. A visiting faculty member from Egypt at the University of Colorado, however, proved […]
The post Good Samaritan Returns $10,000 in Gold Coins to Owner appeared first on CoinWeek.
By Everett Millman – Gainesville Coins on gold price ……. A hoard of 10 gold coins discovered in Kent in 2016 is finally on display at a nearby museum, and although the coins themselves are small, the historic nature of the find is immense. An Unexpected Discovery The group of gold coins was found at a […]
The post English Museum Acquires Hoard of Ancient Gold Coins from Gallic Wars appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. The committee tasked with preparing Tokyo for the 2020 Olympics is exploring a frugal plan for producing the bronze, silver, and gold medals awarded to winning athletes. The idea? Use precious metals recycled from old electronics. Ambitious Recycling Initiative Hosting the Olympic Games requires major capital outlays and investment […]
The post Olympic Medals for 2020 Tokyo Games May Rely on Recycled Precious Metals appeared first on CoinWeek.
By Everett Millman – Gainesville Coins on gold price ……. Precious metals were mixed on Monday, but both gold and silver dipped due to a strong dollar. The gold price was down 0.25% (-$3) to $1,312/oz at the opening bell. Spot silver slipped 8¢ (-0.5%) to $16.42/oz. However, platinum (+0.3%) and palladium (+1.1%) each traded higher […]
The post Precious Metals News – Rising Dollar Keeps Downward Pressure on Gold and Silver appeared first on CoinWeek.
By Everett Millman – Gainesville Coins on gold price ……. The gold price was down again to $1,306/oz on Tuesday, sliding 0.6% (-$8). A stronger U.S. dollar provided most of the downward pressure on the precious metals. Spot silver opened off about 0.5% (-9¢) to $16.21/oz. Platinum lost $8 per ounce (-0.9%) to slip below $900/oz. […]
The post Gold Price Slumps to Four-Month Low appeared first on CoinWeek.
by Everett Millman – GainesvilleCoins.com ……. What future generations decide to do about the ever-growing number of landfills around the world is the kind of question that keeps conservationists up at night and the idea of recovering gold in this waste is appealing. The problem is especially pressing in the dense urban areas where trash and other […]
The post An Eerie Solution For Recovering Gold From Waste appeared first on CoinWeek.
By Joshua McMorrow-Hernandez for CoinWeek.com …… When the United States Mint released the first American Eagle Palladium coins on September 25, 2017, a new era for the long-running American Eagle family of bullion coins began. In the weeks following the release of 15,000 silver-white, 0.9995-fine one-ounce palladium bullion coins, collectors and investors alike have indulged […]
The post Palladium American Eagle Coin Brings Challenges, Opportunities for Collectors appeared first on CoinWeek.
Researchers speculate that Ocean Mud contains Gold surrounding the Indian Peninsula By Everett Millman – Gainesvillecoins.com …… In India, a country already so hungry for gold, there may be a new source of precious metals to meet the public’s seemingly insatiable desire for the yellow metal. The catch? It’s effectively at the bottom of the […]
The post Gold in Waters Around Indian Peninsula? appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… Coins from the bygone empire of Ancient Rome are found all around Europe, Northern Africa, and the other parts of the world conquered by the Romans. Spreading its commercial empire was one of the many ways in which Rome expanded its borders and grew its wealth. Today, we are […]
The post More Ancient Roman Coins Found In Spain appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… The precious metals were higher again on Tuesday, buoyed by a continued slump for the U.S. dollar. Spot gold was trading above $1,240/oz in the morning, more than 0.5% in the green. The Platinum Group Metals were slightly above unchanged. Spot silver added 11¢ (almost 0.7% higher) to reach […]
The post Weaker Dollar Helps Lift Gold Price appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in the […]
The post 2017 India Gold Imports Already Exceed 2016 appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in […]
The post 2017 India Gold Imports Already Exceed 2016 appeared first on CoinWeek.
Includes special bras for female employees By Everett Millman – Gainesvillecoins.com …… Combating counterfeits and theft are among the chief concerns facing any government mint. In an effort to both weed out and deter fakes of all sorts, many mints have begun including special security measures on their gold and silver bullion coins. Over time, […]
The post Perth Mint Considers New Security Measures appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… Let’s be loud and clear about this point: American citizens, and human beings more generally, have a right to hold wealth in a tangible form that cannot vanish from an electronic bank ledger in a moment. This would seem to be an incontrovertible truth. It’s a matter of privacy. […]
The post Digital Future: Don’t Let Big Brother Track Your Bullion! appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… Platinum is grouped together with gold and silver, as well as its cousin palladium, under the umbrella of “precious metals”. However true, this somewhat obscures the fact that platinum is an increasingly useful industrial metal. But it’s unlikely that anyone expected a continual decline of this magnitude: In just […]
The post Bullion & Precious Metals – Falling Platinum Price Hits South African Mines appeared first on CoinWeek.
By Coinweek …. CoinWeek News Wire for June 16, 2017 Brain Food 1.) What’s the Difference Between the Edge and the Rim of a Coin? The edge runs around the entire circumference of the coin, and is the portion that has the reeding on it if it’s a dime or quarter dollar. The rim is […]
The post CoinWeek News Wire for June 16, 2017 appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… There’s that saying about how “a great deal of truth is said in jest”. It’s true that sometimes comedy can reveal some important point that has been overlooked or under-appreciated. This is probably not the case with the joke that appeared on a 1995 episode of The Simpsons that, […]
The post Could a Joke Rename Australia’s Currency? appeared first on CoinWeek.
Australia’s currency may just get the name change it logically deserves… By Everett Millman – Gainesvillecoins.com …… There’s that saying about how “a great deal of truth is said in jest”. It’s true that sometimes comedy can reveal some important point that has been overlooked or under-appreciated. This is probably not the case with […]
The post Could an Old Simpsons Joke Rename Australia’s Currency? appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… Most aspiring treasure hunters are aware that Great Britain is essentially the metal detecting treasure capital of the world Aside from an extensive history of habitation that has produced almost innumerable antiquities and medieval coins, the country boasts the world’s most equitable treasure trove laws. This is effectively the […]
The post Metal Detecting – U.K. Ranks Its Top 20 Treasures appeared first on CoinWeek.
By Everett Millman – Gainesvillecoins.com …… Most aspiring treasure hunters are aware that Great Britain is essentially the metal detecting treasure capital of the world Aside from an extensive history of habitation that has produced almost innumerable antiquities and medieval coins, the country boasts the world’s most equitable treasure trove laws. This is effectively the reason […]
The post Metal Detecting – U.K. Ranks Its Top 20 Treasures appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Two men with metal detectors struck it big earlier this month when their find in southern Zealand (Denmark) led archaeologists to 130 Viking silver coins. This is a considerable hoard of coins from the era when the Vikings dominated Northern Europe, from about 800 CE to 1066 […]
The post Viking Silver Coin Hoard Found in Denmark appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Amid routine construction on one of Jerusalem’s main highways, a cache of 1,400-year-old Byzantine bronze coins have by chance been discovered. Luckily, the work on the highway is being carefully managed by the state-owned firm Netivei Israel in collaboration with the Israel Antiquities Authority (IAA) to ensure […]
The post Hoard of Bronze Byzantine Coins Found in Israel appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Amid routine construction on one of Jerusalem’s main highways, a cache of 1,400-year-old Byzantine bronze coins have by chance been discovered. Luckily, the work on the highway is being carefully managed by the state-owned firm Netivei Israel in collaboration with the Israel Antiquities Authority (IAA) to ensure […]
The post Hoard of Bronze Byzantine Coins Found in Israel appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. Locked Up Tighter Than Fort Knox According to official statistics, the United States holds far and away the largest gold reserves […]
The post U.S. Mint Releases Fort Knox Audit appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. The Royal Mint in the U.K. has over eight centuries of experience under its belt. Yet even the best coining operations occasionally make errors. When they do, you had better bet that collectors are searching for those rarities! Currently, the hottest error-coin craze in Britain centers around […]
The post World Coin News – Rare Orientation Error on £2 Coins appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Most of the time, when the topic of lost treasure is brought up, it falls into one of two categories: centuries-old shipwrecks and hidden Nazi gold. However, there is another major source of mythologized stories of long-forgotten gold riches that dates back to the WWII era: Yamashita’s gold. […]
The post Treasure News – Search for Yamashita’s Gold Continues appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Could you ever imagine someone throwing away a commodity as valuable as gold? As difficult as it may be to believe, people are literally flushing millions of dollars worth of gold down the drain each year! It begs a rather strange pair of questions: How much lost gold […]
The post Bullion & Precious Metals – Gold In Our Sewers? appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. During one of the most tumultuous periods in the history of Britain, the three-part conflict known as the English Civil War (1642-1651), there were undoubtedly a great deal of lives and personal wealth lost to the carnage. A portion of this lost wealth has now emerged from the […]
The post Silver Coins from English Civil War Discovered appeared first on CoinWeek.
By CoinWeek …. The newest exclusive from Florida-based coin dealer Gainesville Coins has just arrived – the 2017 Guardian Angel Silver Coin. The first in a brand-new annual series, the Guardian Angel coin consists of one troy ounce of .999 fine silver. The Design The reverse feature the eponymous angel wrapping the bottom of her […]
The post 2017 Guardian Angel Silver Coin Inaugurates New Series from Gainesville Coins appeared first on CoinWeek.
Credit: Aargau canton archeology department By Everett Millman – Gainesville Coins ……. A team of archaeologists in Switzerland are trying to make sense of a discovery that traces its origins back nearly two millennia. Somewhat strangely, a ceramic cooking pot filled with oil lamps and bronze coins was found during an effort to clear […]
The post Ancient Coin News – 2,000-Year-Old Roman Bronze Coins Found in Switzerland appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. In 1996, a Briton who was interested in archaeology and metal detecting as a pastime discovered one of the most significant treasure hoards in the history of the U.K., the Alton Hoard. A full two decades later, the finder–a bricklayer named Peter Beasley–believes that expert appraisers downplayed the […]
The post Ancient Coin News – Metal Detectorist Challenges Alton Hoard Value appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Following the historic election of Donald J. Trump as the 45th president of the United States, would you expect to see “The Donald” appear on a coin? Bernard von Nothaus, the notorious creator of the “Liberty Dollar®”, is way ahead of you! Trump Dollar Coin? It’s worth clarifying […]
The post Bernard von NotHaus “Trump Dollar” Coin Production Halted + CoinWeek Exclusive Video 4K appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. As is usually the case during the last six weeks or so of the calendar year, the U.S. Mint is nearing the point where it will halt production of its premier silver bullion coin, the American Silver Eagle. 2016 Silver Eagle Sales Compared to the previous few years, […]
The post U.S. Mint to Put 2016 Silver Eagles on Hold appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Since the early 1980s, the People’s Republic of China has struck its own gold and silver bullion coins for international trade. In addition to their precious metal content, these coins are also prized collectibles due to their lower mintage figures compared to most government-issued bullion coins. Now, the […]
The post Mintages Raised for Chinese Silver, Gold Panda Coins appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces (15.55 […]
The post Precious Metals & the World Economy – Russian Gold Reserves Grow appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces […]
The post Precious Metals & the World Economy – Russian Gold Reserves Grow appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. It’s not entirely surprising that in addition to enjoying vast precious metal deposits, South Africa has long been a world-leader in the international gold coin market. The flagship South African Gold Krugerrand was the first modern bullion coin available on the global market in 1967. Krugerrands quickly ended […]
The post South Africa Issues Silver, Platinum Krugerrands for 50th Anniversary appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. It’s not entirely surprising that in addition to enjoying vast precious metal deposits, South Africa has long been a world-leader in the international gold coin market. The flagship South African Gold Krugerrand was the first modern bullion coin available on the global market in 1967. Krugerrands quickly […]
The post South Africa Issues Silver, Platinum Krugerrands for 50th Anniversary appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Amid the nationwide mobilization effort for the Second World War, the United States Mint was forced to explore using new materials for its low-denomination coins as nickel and copper supplies were diverted to war production. This led the mint to replace the normal composition of the five-cent nickel […]
The post Rare US Coins – Glass Cent Pattern Discovered appeared first on CoinWeek.
By CoinWeek …. CoinWeek News Wire for October 14, 2016 Brain Food 1.) A guide to valuing all your old Irish coins (PHOTOS) Between the formation of the Republic of Ireland, the shift towards decimalization, and the introduction of the Euro, Irish currency underwent a great number of changes over the past 100 years, resulting in […]
The post CoinWeek News Wire for October 14, 2016 appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Switzerland has long had a reputation—sometimes a dubious one—for being a safe place to stash one’s wealth away from the prying eyes of tax authorities. Right or wrong, the notion of a “Swiss bank account” is synonymous with evading taxation. Now, the ultra-rich seem to have discovered a […]
The post Secret Gold Vaults in the Swiss Alps appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. The Royal Canadian Mint (RCM) is alleging that one of its former employees gradually smuggled $180,000 CAD (approximately $136,000 USD) worth of gold out of the mint. The strange part is how they say he did it: by hiding the gold in his anal cavity. Leston Lawrence, a […]
The post Strange $180k Theft from Royal Canadian Mint appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Rumors have long circulated in numismatic circles about the mystery of the 1964 Peace dollar, which would have been the last 90% silver dollar minted for circulation. That is, if the entire mintage hadn’t been melted down when the plan to coin new silver dollars (which hadn’t been […]
The post Classic US Coins: Does a 1964 Morgan Silver Dollar Exist? appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Throughout the modern era (roughly since gold and silver specie ceased to be used as circulating currency), coins and banknotes have been the fiat tokens we use to represent money. However, like the rest of our society, the financial system has undergone a rapid transformation in the Digital […]
The post The Future of Money: Banknotes and Coins appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. The British Pobjoy Mint will not produce Isle of Man coins in 2017 in a departure from more than four decades of tradition. Without much explanation, the increasingly prominent Pobjoy Mint is upending its oldest relationship with a government that has the authority to issue its own money. […]
The post World Coin News – Pobjoy Mint and Isle of Man to Split appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. There’s an old saying, “fake like a two-cent coin” or “a three-cent coin.” While these obscure denominations haven’t seen circulation for a very long time, there ironically were two-cent and three-cent denominations of U.S. coins (the latter known as a “trime”) during the 19th century. What’s more, there […]
The post Classic US Coins – Gold Stella $4 Coin Goes to Auction appeared first on CoinWeek.
Platinum Bullion Coins, – Maple Leaf – Australian Platypus and US Platinum Eagle By Everett Millman – Gainesville Coins ……. The Platinum Group Metals are apparently coming back into vogue among bullion investors. Two PGMs–platinum and palladium–are rallying more than their precious metal cousins of late, and the markets have responded. Alternative Asset Although they […]
The post Gainesville Coins: Time for Platinum Group Metals to Shine appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Throughout their history, the Swiss have cultivated a long-standing reputation as an authority in the area of gold–both in their refining skill and in the wisdom of their monetary policy. Switzerland is not actually among the world’s leading importers or exporters of the metal, neither in terms of […]
The post Swiss Gold – Case Study for the Market appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. The Indian government’s plan to monetize the country’s vast amount of privately-held gold may finally be taking root, little by little. Known collectively as Gold Monetization Schemes (GMS), these various offers for Indian citizens to put their gold to financial use by depositing into an account were not […]
The post Precious Metals Market – India Gold Deposits Climb appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Unlike perhaps any other location on Earth, the United Kingdom has an incredible abundance of gold and silver treasure from both its medieval period and the earlier times when Ancient Rome controlled the British Isles. Due to this rich and diverse history, people are digging up valuable treasure […]
The post Gainesville Coins: Gold and Silver Treasure Update appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. More than two centuries after the Spanish warship Nuestra Señora de las Mercedes (roughly, “Our Lady of Mercy”) was sunk off the coast of Portugal before reaching the Spanish port city of Cádiz, the massive haul of gold and silver bullion that was onboard is finally back in […]
The post Treasure News – 1804 Shipwreck Bullion Goes on Display appeared first on CoinWeek.
Islamic Gold Dinar By Everett Millman – Gainesville Coins ……. One major development in the global gold market over the last decade has been the liberalization of gold ownership laws in China. This has opened up an incredible flood of new demand for precious metals from the world’s most populous country. There’s still another huge […]
The post Bullion & Precious Metal News – Why Islamic Gold Demand May Surge appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. The government of India may have finally gotten a break regarding its attempts to monetize the country’s vast quantities of “idle” gold. While it is estimated that the public in India holds a staggering 20,000 metric tonnes of gold (or more), a considerable portion of these savings are […]
The post World Precious Metals – Indian Temple Deposits Gold appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. Over the past five to seven years, there has been a consistent flow of gold bars out of Western vaults in New York and London. The destination of this gold bullion has been the East—especially China, Russia, and Russia’s closest Eurasian allies. One question that the past several […]
The post World Precious Metals Market – Is Russia Planning a Gold Ruble? appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. The oldest shipwreck that dates back to Europe’s “Age of Exploration,” which traces its origins to the 15th century, has been discovered in waters off the coast of Oman, a country situated in the southeast portion of the Arabian Peninsula. A wealth of fantastic artifacts have been recovered […]
The post Treasure Coin News – Oldest European Shipwreck Discovered appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. Modern myths don’t die easy in Paraguay, particularly when they deal with gold bullion and buried treasure. The legend of the hidden treasure dates to the War of the Triple Alliance–often known simply as the Paraguayan War or the “Great War” to locals–fought from 1864 to 1870 between […]
The post Gold Treasure Myth Captivates Paraguay appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. The region of Southeast Asia has earned a reputation, fairly or unfairly, for financial fraud and corruption. Situated on the other side of the globe from Western financial centers but close enough to important hubs like Hong Kong, an increasing amount of illicit financial activity now takes place […]
The post Bangladesh Bank Hacked for $81 Million appeared first on CoinWeek.
By Coinweek …. Welcome to the latest edition of CoinWeek’s Weekly Coin and Currency News Roundup. In this series we recap some of the cool, interesting, offbeat, ludicrous and maybe even disturbing news items that we’ve read over the past week. Brain Food 1.) The Iron Bank Will Have Its Due No, that’s not […]
The post CoinWeek’s Weekly Coin and Currency News Roundup – March 11, 2016 appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ………. A new wave of counterfeit PAMP Suisse gold bars are making the rounds. These new fakes show much better quality than earlier attempts, especially with the packaging. Previous fake PAMP gold bars have been easily detected when compared to the real thing (see image, below). These new […]
The post Counterfeit Gold – Beware of Fake PAMP Gold Bars appeared first on CoinWeek.
Courtesy of Everett Millman and GainesvilleCoins.com …. Just when you thought China’s pursuit of gold couldn’t get any more relentless, a fantastic discovery is made beneath the country’s waters. The largest-ever known undersea gold deposit has been confirmed beneath the East China Sea after three years of exploring, planning, drilling and excavating. The discovery was […]
The post China Finds Undersea Gold Deposit Worth Billions appeared first on CoinWeek.
by Everett Millman for Gainesvillecoins.com……. The gold price briefly sank to a 3-week low in overnight trading as the gold market attempts to establish new support levels. The metal fell below the $1,150/oz mark as the week winds down on renewed expectations of a December rate hike from the Federal Reserve. While investors with a […]
The post Gold Market Finding Stable Footing appeared first on CoinWeek.
by Everett Millman for Gainesville Coins …….. There’s no doubt that platinum and palladium, the oft-forgotten sister metals of the Platinum Group, are almost always overshadowed by their precious metal cousins, gold and silver. There are several disadvantages that work against the Platinum Group Metals (PGMs), including how hard they are to work with (as […]
The post Market Overshoots on Platinum Group Metals appeared first on CoinWeek.
Courtesy of Everett Millman and GainesvilleCoins.com …. ABSTRACT: As equities markets pulled back amid mostly soft economic indicators, the precious metals had an early-week rally snuffed out by Friday’s close, as both gold and the Dow Industrials have essentially wiped out all of their gains thus far through the 2015 calendar year. GOVERNMENT & POLICY […]
The post Gainesville Coins Market Update: May 1, 2015 appeared first on CoinWeek.
Courtesy of Everett Millman and GainesvilleCoins.com ………. ABSTRACT: Increased volatility on the markets continued as this week was full of surprises, reversals, and unpredictable currents. The Swiss National Bank’s abrupt departure in monetary policy that unpegged the Swiss franc from the euro had the greatest immediate effect on the markets, but a disquieting uncertainty now […]
The post Gainesville Coins Weekly Market Update – The New Normal and Geopolitics appeared first on CoinWeek.