By CoinWeek ….. Most coin collectors know about the gold standard, and many American collectors are aware of the bimetallic system under which the United States operated when Congress wrote the Mint Act of 1792, which established the United States Mint and gave name to the coins that would serve as our money. The […]
The post Would Returning to the Gold Standard Be a Bad Idea? appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.
By Jan Nieuwenhuijs for Gainesville Coins …… The USD price of gold has been declining in the past two months, though it continues to show significant strength against the 10-year TIPS yield, to which it was tightly correlated from 2006 until 2021. Gold’s performance since early 2022 must be seen as bullish. A big change […]
The post Despite Declining Price, Gold Is Strengthening appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.
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 Blanchard and Company, Inc …… The rising price of oil is a concern for many Americans. The average price of a gallon of gasoline reached an all-time high just weeks ago. Oil is becoming more expensive for three reasons: Demand is rising as the economy continues to return to normal as the country learns […]
The post What Do Rising Oil Prices Mean for Gold? appeared first on CoinWeek.
By Blanchard and Company, Inc …… In early March, a bill was introduced to the United States Senate in an attempt to restrict Russia from selling its gold. The legislation was a collaborative effort from a bipartisan group of senators. The bill has far-reaching implications because Russia is facing the toughest sanctions ever imposed in […]
The post What the Russian Gold Bill Means appeared first on CoinWeek.
By Ellen Nye and David Yoon for American Numismatic Society (ANS) …… In August 2018, as the country of Turkey faced a currency crisis, its president Recep Tayyip Erdoğan called for people to convert their dollars or euros into Turkish lira. The Turkish lira had dropped by almost 50% against the dollar in the previous […]
The post Early Modern World Coins: The Ottoman Kuruş and the Control of Money appeared first on CoinWeek.
By Ursula Kampmann for Numismatica Genevensis …… On November 16, 2021, Numismatica Genevensis will be auctioning a very important numismatic rarity. It is the rarest silver crown of the Latin Monetary Union. Only five specimens of this 5-franc coin from 1886 are known: three of them are located in Switzerland’s most important museums. Only two […]
The post The Morgan Dollar and the Rarest Silver Crown of the Latin Monetary Union appeared first on CoinWeek.
By Blanchard and Company, Inc …… Gold’s price retreat earlier this month offered long-term investors an opportunity “to buy on the dip.” Yet, you may be wondering, what could be the trigger for the next swing higher in gold prices? Wells Fargo Investment Institute analysts addressed that very question in an August 9 research […]
The post Recent Chinese Gold Buying and Its Implications for Future Gold Prices appeared first on CoinWeek.
By Blanchard and Company, Inc …… The presidential win by Democrat Joe Biden may usher in a new era for government policies, from taxes to trade to energy. Indeed, Biden’s energy platform and priorities would look very different from Trump’s. Silver is up 35% this year. Here’s why it could go even higher next year. […]
The post What a Biden Presidency Might Mean for Silver appeared first on CoinWeek.
By Ursula Kampmann for Künker GmbH …… For centuries, silver was the preferred metal across the world when it came to coins and savings. In the 19th century, that changed. We’ll explain how and why, and illustrate what happened with the help of coins that will be coming under the hammer on September 30 and […]
The post How and Why Gold Became the Most Important Metal for Coins appeared first on CoinWeek.
By Doug Winter – RareGoldCoins.com …… CoinWeek Content Partner I’ve been a full-time professional coin dealer since 1981 and I’ve been through numerous down markets. My experience has proven that there is no such thing as a “recession-proof” coin. Even the best coins go down during bad markets, and these represent great buying opportunities for […]
The post Which Rare Gold Coins Can Weather the Storm? appeared first on CoinWeek.
Commentary for Tuesday, February 24, 2020 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc …… Gold closed up $$27.80 today at $1,672.40! So, we are at seven-year highs, while the Dollar Index is moving towards 100 so both gold and the dollar are now seeing solid safe-haven buying. It is a bit perplexing however […]
The post GoldDealer.com Market News: Gold Heats Up – 7 Year Highs appeared first on CoinWeek.
Gold expert explains why gold performs well in times of uncertainty By Dillon Gage Metals …… Dillon Gage, a world leader in physical precious metals, explains why the coronavirus epidemic ravaging China may send gold futures prices to seven-year record highs above $1,700 USD an ounce and up. Gold is considered a safe-haven asset, […]
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By Blanchard and Company, Inc ….. Gold mines are becoming more difficult to source and maintain. Consider that the global nonferrous exploration budget remains below the 2014 level. Moreover, between 2012 and 2016 this figure dropped each year. The S&P Global Market Intelligence Report adds color to these numbers by explaining that their research “has […]
The post The S&P Global Market Report and the Future of Gold Mining appeared first on CoinWeek.
By Blanchard & Company …… Beigao, a town of roughly 100,000 people in the Putian municipal area, the city’s main street boasts 20 gold shops. Yes: 20 gold shops in a town of 100,000 Chinese citizens. Economic advances in China in recent decades opened the door to a rising and growing middle class with newfound […]
The post Bullion & Precious Metals: The Chinese Gold Rush of 2019 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.
Special courts set up in August have handed out multiple death sentences in similar cases By CoinWeek News Staff …. Two weeks ago, international news agencies reported that Iran had executed two men for hoarding gold coins. As part of a larger effort to control the Iranian economy after reimposed sanctions by the United […]
The post Iran Executes “Sultan of Coins” for Hoarding Gold Coins 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. […]
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By Patrick O’Connor – Aurora Raritires LLC …… During a recent discussion, the subject of counterfeit coins arose – specifically, the odd circumstance whereby prices for certain counterfeit coins have occasionally exceeded the prices for genuine examples. As the subject of fake coins has been a growing concern among collectors, this seemed an ideal opportunity […]
The post The Good, the Bad, and the Ugly – Contemporary Counterfeit Coins From the Reign of Queen Isabel II appeared first on CoinWeek.
Precious Metals Market Commentary for Monday, August 14, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.50 at $1,284.20 – a let-down for those considering another try at the vaulted $1,300.00 level. As promised the North Korea/Trump rhetoric has cooled and the dollar rebounded, which encouraged […]
The post GoldDealer Gold Market Report – Are the Bulls or Bears Tired? 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.
In 2017, the People’s Republic of China and the Federal Republic of Germany celebrate the 45th anniversary of the establishment of their diplomatic relations. Together with Michael Hans Chou, owner of Champion Leilo Co., Hong Kong, the auction house Künker took this as an occasion to initiate two medals of which the German version’s very […]
The post 45 Years of Sino-German Friendship: Commemorative Pandas Struck appeared first on CoinWeek.
The commemorative medals were created by two top-notch designers and feature an official logo A pair of Chinese pandas — “Meng Meng” (梦梦) (a four-year-old female) and “Jiao Qing” (娇庆) (a seven-year-old male) — are about to be unveiled at the Berlin Zoo’s new panda pavilion. The pavilion cost nine million euros (approx. $10.24 million) […]
The post Commemorative Medals Celebrate Chinese German Friendship and Two Pandas Going to Berlin Zoo appeared first on CoinWeek.
By Coinweek …. CoinWeek News Wire for June 23, 2017 Brain Food 1.) Does Japan’s five-yen coin need a foreigner-friendly redesign? The five-yen coin is the only denomination without its value written in numerals. The only indication of its worth is in the kanji characters 五円, which mean “five yen,” and so foreign visitors who […]
The post CoinWeek News Wire for June 23, 2017: Gold Coins, Bitcoin, Crime Alert… 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 […]
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Commentary for Thursday, March 2, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $17.10 at $1,232.90 today in the face of rising optimism and it was a pretty rough day for all the metals. It will be tough for gold to get any traction as the […]
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There was more than one surprise on election night… By CoinWeek Staff Reports …. While much of the world–and certainly much of the world’s press–was otherwise occupied on election day, shortly before midnight on Tuesday, November 8, Indian Prime Minister Narendra Modi announced that the Indian 500 rupee (Rs 500, or ₹500) and 1,000 rupee […]
The post World Currency News – India Demonetizes 500 & 1,000 Rupee Banknotes appeared first on CoinWeek.
There was more than one surprise on election night… By CoinWeek Staff Reports …. While much of the world–and certainly much of the world’s press–was otherwise occupied on election day, shortly before midnight on Tuesday, November 8, Indian Prime Minister Narendra Modi announced that the Indian 500 rupee (Rs 500, or ₹500) and 1,000 rupee […]
The post World Currency News – India Demonetizes 500 & 1,000 Rupee Banknotes appeared first on CoinWeek.
By Reserve Bank of Zimbabwe ….. The Reserve Bank of Zimbabwe is pleased to advise the nation of the introduction of bond notes with effect from Monday, 28 November 2016. The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5 to fund export incentives of […]
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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 […]
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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.
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 ………. 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.
As the world continues to adopt electronic methods of payment, Switzerland embraces the regular use of paper currency By Joshua McMorrow-Hernandez for Coinweek ……. At a time when the European Union is encouraging its member nations to eliminate high-denomination banknotes to help discourage criminal use of paper currency, independent Switzerland is keeping its 200- […]
The post World Paper Money – Swiss Love Banknotes, Rebuff Plastic appeared first on CoinWeek.
By Clint Siegner – Money Metals Exchange…. Looking Ahead to 2016 Forecasting today’s volatile, high-frequency, machine-driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials at the Federal Reserve are often less than […]
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