Category Archives: bullion

Gold Dealers Seeing New Buyers While Some Earlier Buyers Are Now Selling

“If you don’t know gold, you’d better know your gold dealer,” cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild   Dealers who sell bullion gold and silver bullion coins report an increase in new customers who want to own precious metals. They also are seeing some earlier customers […]

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Volatility in Bullion Market

The market for coins is not singular. For that reason, different sectors of this market may move in different directions, which is what has been experienced within the past month. Values and prices realized in the scarce to rare market segment have continued to rise, in part due to an expansion in the amount of discretionary money chasing these coins and in part due to an increase in the supply of scarce to rare coins becoming available for sale

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Simply Put: The Market Is Hot

While many of the generally available yet bullion spot price impacted silver and gold business strike coins as well as American Eagles are currently in a holding pattern, the same is not true for scarce to rare coins. More headline-grabbing rare dates are being brought to market almost daily, with upcoming auctions now becoming chocked full of material that seldom appears to be available.
Simply put, the market is hot

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Retailers Selling Precious Metals

 (Photo by Gareth Fuller/PA Images via Getty Images)
On Oct. 2 it was reported that the Great Britain-based stores of major retailer Costco Wholesale have started selling physical gold and silver bars to their customers.
Should this company, or any other large retail chain, begin offering such products in their American stores, what would be the likely impact on the supply and demand and, therefore, prices of physical gold and silver?
In Europe, many banks sell and deliver physical precious metals to their walk-in customers

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New Legislation Could Bolster Hobby

The hobby may soon get an unexpected boost from Congress. Legislation is now being considered through which circulating commemorative coins and one-year type designs could appear on circulating quarters and half dollars. While the proposed legislation has other parts that will intrigue collectors, getting the non-collecting public to start examining the coins in their pocket is the best way to get them interested in the hobby

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Investors Dip Their Toe into Scarce to Rare Coins

There have always been dealers who will try to undercut the price at which another dealer sells a like-item. Recently, there appears to be more of this activity than in the past, especially in coins certified to be a condition that is relatively available.
The potential problem as always is the eye appeal of individual coins and what value the buyer puts on a coin without comparing it to the second example

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U.S. 90 Percent Silver Coins: Best Silver Value

A common question we hear from people contemplating a first-time purchase of physical gold and silver, once they realize there are multiple coin and ingot options, is which forms we would recommend.
There are a number of factors that can influence what would be the best answer for each buyer’s circumstances. Among those factors is: 1) whether the item is legal tender, 2) pure metal or alloy, 3) exact even troy or gram weights (or not), 4) coins versus ingots, 5) liquidity, 6) divisibility, 7) lower premium to metal value, 8) country of origin, 9) ease of storage, and 10) government regulation considerations

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Buy/Sell Formulas for Gold and Silver

A frequent question I am asked is what kind of buy/sell formulas for gold and silver my company might use if prices soar far above their current levels. An implicit question that is part of that is whether people would even be able to sell their precious metals at all.
Most, but not all, coin dealers are seek to make a profit margin, whether buying or selling

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Market Shows Signs of Investors Becoming Collectors

Photo by Andreas Schoelzel, courtesy of World Money Fair.
In an ideal world, an interest in coins would be the exclusive realm of collectors. The current interest in the coin market is driven partially by collectors with discretionary money, but also by a significant infusion of speculators and investors

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An Introduction to Coins and Precious Metal Bullion Available on Catawiki

By CoinWeek ….   Catawiki is a large internet auction site that offers fine art, antiques, and other collectibles including bullion, coins, currency, and stamps. To highlight some of what they have to offer numismatists and coin collectors, here are a couple of auctions that have transpired recently and a few that are still ongoing. […]

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Enjoy ‘Gold Rush’ Prudently, Advises PNG

 
Buyers of physical gold and silver during the 2020 “Gold Rush” should be wary of potential counterfeits in the marketplace, mistaking plated “gold coins” for bullion products, and avoid overpaying for any purchases, cautions the Accredited Precious Metals Dealers division of the Professional Numismatists Guild in a July 31 advisory.
“Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice,” said Richard Weaver, president of PNG-APMD. “If you don’t know gold, you’d better know your gold dealer

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Bullion Investing: Factors to Consider When Deciding Which Coin to Buy

We look at the mintage, purity, and other details of the ‘Big Four’   By John Maben – Pegasus Coin and Jewelry …… With global chaos seeming only a blink away and with the growing threat of inflation caused by governments pumping trillions of dollars and euros into Western economies, the idea of investing in […]

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COVID Business Landscape: Part V

By Tom Michael
As we wrap up our look into what changes the COVID-19 pandemic has brought to the coin business, we want to thank everyone who participated, sharing their insights and adaptations so that we might share them with our readers. We hope this mini-series has provided a breath of fresh air to all who have read it, while reminding everyone of the resilience and resourcefulness endemic in our shared hobby and industry. 
In this last installment, we bring you news from three of the largest producers of gold and silver commemorative and bullion coins in the world, plus an inside look at the workings of two creative coin originators who continue to push the traditional boundaries of modern collectible coinage

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Coronavirus Creates Influx of Collectors, Investors

By Richard Giedroyc
The surprising and rapid recovery of equity markets in a “V” rather than a “U” shape curve has impacted the spot price of precious metals inversely. This, in turn, has been impacting the value of bullion and bullion-impacted coins. Consider that the bad news

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Fundamentals For Gold Still Strong

Michael Fuljenz, president of Universal Coin & Bullion. (Photo courtesy Universal Coin & Bullion.)
The fundamentals for gold continue strong as it reaches new highs worldwide and near an eight-year high in the United States, and that is helping to boost increased demand for some rare gold coins, according to award-winning writer Michael Fuljenz, president of Universal Coin & Bullion

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‘Frothy Bull Market’ for Coins

By Richard Giedroyc 
The market for coins is doing well despite the coronavirus shutdowns that have decimated so many businesses. Brick-and-mortar coin shops without any internet presence of consequence have felt the impact; however, those with a strong internet following have continued to prosper.
As a nation, we are beginning to re-open our stores to the public

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Opportunity in Morgan, Peace Dollars

By Richard Giedroyc
All sectors of the coin market continue to thrive. Bullion and bullion-impacted coins continue to trade in a tight price range that mirrors the spot price of silver and gold. Overall, the spot price for bullion silver continues to underperform, however there are eager buyers for this metal at current levels

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Bullion Investors Hesitate

By Richard Giedroyc
There will always be bumps along the road, but in general the market for coins is moving along smoothly. There is some recent hesitation among investors seeking bullion and bullion impacted coins due to prices having reached a plateau for both gold and silver. Possible future appreciation is in question at the moment due to equities markets beginning to head north

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Industry Insider: COVID Business Landscape

By Tom Michael
Sometime in April I received a mistaken call from an old colleague at Educational Coin Company. She had dialed my number by accident and left no message, but when I called back to check what was up, we ended up having a nice conversation. I was pleased to learn that the company’s wholesale business was doing well and that the staff was all in good health

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Bullion-Related Coins Remain a Hot Market

By Richard Giedroyc
The market for coins is healthy, even frothy. It doesn’t matter if you are into buying bullion and bullion-impacted coins, collectible but generally available coins, or “desirable” coins. I am using the term desirable rather than scarce to rare due to the keen interest in any coin someone deems to be desirable that is now increasingly widespread

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Community Voice Response: April 28, 2020

From the April 3, 2020, Numismatic News E-NewsLetter
How have your coin/bullion buying and selling habits changed in light of the coronavirus bearing down on the United States?
Here are some answers sent in from our E-Newsletter readers.
 
I have been trying to buy when I can in different amounts and types so I can just keep adding to my bullion totals. Nothing too aggressive just basic silver 1-ounce rounds, 90 percent silver and maybe the occasional 1/10-ounce gold Eagle

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Precious Metals Spot Prices Down, Physical Market Premiums Up Strong

For those of us who have seen volatile markets multiple times over the decades, it is entirely understandable that when the spot prices in the “paper” commodity markets suddenly plummet, the premiums for actual physical gold and silver coins and ingots can soar.
To give one example: At the COMEX close on March 11, 2020, with the spot price of silver at $16.78, the company where I work was selling $1,000 face value bags of U

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Update from the United States Mint

The following message was sent to the Mint’s Authorized Purchasers today:
This is to inform you that we have temporarily sold out of American Eagle silver eagle bullions. Our rate of sale in just the first part of March exceeds 300% of what was sold last month.
West Point is working diligently to produce additional inventory and once additional inventory is produced, we will again begin allocations

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Coronavirus Fears Boost Spot Price of Gold

The soaring price of gold coupled with an increasing number of significantly rare and expensive coins appearing in recent auctions bode well for the near-future business of coins.
While a strong stock market offers discretionary money, with which to encourage diversification through buying collectibles as hard assets, fears such as those due to the economic impact of the coronavirus are boosting the spot price of gold. Bullion and heavily bullion-impacted silver and especially gold coins are drawing a lot of interest from investors, likely for this reason

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Are Numismatic Sales Rising?

By Patrick Heller
As most experienced collectors know, the published data on “wholesale” prices are not necessarily accurate.  At any time, my experience is that some coins and currency trade at a premium to these figures while others clear the market at significant discounts.
When new editions of A Guide Book Of United States Coins (popularly called The Redbook) appear, it is not unusual for some dealers to advertise a list of coins that they will purchase at or above the “retail selling prices” featured in this catalog

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ICTA Gives Service Award to Kansas Dealer Dean Schmidt

By Industry Council for Tangible Assets …… Industry Council for Tangible Assets (ICTA) dealer-member Dean Schmidt (Dean Schmidt Rare Coins, Atchison, Kansas) was honored during the ICTA dinner and update at Tony Roma’s in Orlando, Florida, on January 8 as the recipient of the 2019 Diane Piret Memorial Outstanding Service Award for his efforts to […]

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Slight Progress on Ebay Erroneous Sales Tax Charges

By Patrick Heller 
Two weeks ago, I wrote about the growing problem of how sales facilitators (referred to by many states as “market providers”) such as Amazon and eBay are now required to collect and remit the sales taxes applicable in the buyer’s state if the seller is from a different state. Unfortunately, every software system approved by the Streamline Sales Tax Governing Board, Inc. and available to Amazon and eBay has a number of errors in 1) implementing existing states’ sales tax exemptions, and 2) calculating the correct sales taxes to collect in states where county and local sales taxes may apply

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Auction Fever on the Rise

By Richard Giedroyc
The same question of the extent of market participation and who is participating in the market that is being asked of stock market investors should be asked of those individuals fancying themselves as coin investors rather than serious collectors. Anything that can be considered scarce to rare or has been certified to be of unusually high grade has a higher probability of being offered in an auction rather than over-the-counter in the current market.
Auction fever is increasing, with spirited bidding and strong prices being realized

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Gold’s Drop Hits Double Eagles, Bullion Coins

by Richard Giedroyc
Generic gold coins, especially $20 double eagles, were being hit hard at the time this commentary was being written, this being due to the spot price of gold declining to $1,453 an ounce. The yellow metal has now declined to its lowest level in about three months. As might be expected, common-date gold American Eagle bullion coins followed

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PCGS Announces Exclusive APMEX Partnership to Offer New Bullion FirstStrike® Service for 2020

(November 13, 2019) – Professional Coin Grading Service has partnered with APMEX, the largest online retailer of precious metals, to offer a new product geared toward bullion enthusiasts beginning in 2020. It combines APMEX’s popular MintDirect® products with desirable PCGS FirstStrike® certification eligibility.
For years, APMEX has sold United States Mint products sealed in protective plastic to ensure they remain in the same unopened, untouched, unsorted and unsearched condition just as they were received from the U

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U.S. Coin Supply Out-Pacing Demand

Sales are up, prices aren’t. This pretty well summarizes the current state of the business of coins.
Some of this can be blamed on the recent declines in the commodity spot price of precious metals; however, there is some weakness in the market for copper half cents and cents, and for nickels as well

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Gold And Silver Commodity Market Standards Vary Between Markets

Gold and silver commodity futures contracts are traded on exchanges around the world.  The largest market is in London, England, but two other major exchanges are the New York COMEX and the Shanghai Gold Exchange SGE).
Some other lower volume exchanges are traded in Chicago, Sydney, Tokyo, and Zurich, Switzerland

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Auction Fever Does Not Appear to be Contagious

Coin dealers continue to report brisk business. However, despite this increasing demand, clients remain bearish regarding retail price increases for anything other than bullion and bullion-impacted coins. This isn’t true just for coins that are considered to be collectible yet reasonably available, but for the scarce to rare coins as well

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Notoriety Does Not Lead to Record Setting Prices

The price of many gold and silver business strike coins rose recently, in part due to an appreciable increase in the spot price of these metals, but more in reaction to that spot price rise. Simply put, demand for such coins, regardless of if they are of a collectible grade or not, increased.
At the moment this commentary is being written the spot price has declined once more but is remaining near the resistance levels of $1,500 per ounce for gold and $18 an ounce for silver

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Don’t be rushed in new Gold Rush: Make wise choices, veteran bullion dealers caution

(Temecula, California) September 9, 2019 — Investors wanting to enter the gold and silver markets or add to existing portfolios should be wary of potential counterfeits, plated “gold coins” or overpaying for any purchases. This advice comes from the Accredited Precious Metals Dealers (APMD) division of the nonprofit Professional Numismatists Guild (PNG)

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The Market is Bullish on Bullion

Bullion Eagle sales for the month of August were modest, with 8,000 ounces of gold sold.  Putting this into perspective, the three previous months closed with 4,000, 4,500, and 5,500 ounces sold.  So, while 14,500 ounces isn’t as high as the January through April sales, it’s interesting to see, given the increase in the price of gold

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Collector Coins Continue to Lag

Bullion was impacted and bullion gold and silver coins are experiencing significant appreciation as the dollar rises on the world market and fear grips Wall Street.
The major winners are the business strike Gold and Silver American Eagle coins but the interest in any silver composition coin issued for circulation is intensifying. Gold and silver are each at a six-year high

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Ohio Nixes Coin/Bullion Sales Tax Exemption—Reducing Future Tax Collections

The Ohio legislature, after going back and forth on the issue, sent a fiscal 2020-2021 budget bill to Governor Mike DeWine’s office that eliminates that state’s existing sales tax exemption on precious metals bullion and bullion-priced gold and silver coins, effective Oct. 1, 2019.
According to budget plans, once again imposing sales tax on such products will result in a net increase in Ohio total tax collections

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Why Are Premiums on Sovereign Bullion Higher Than on Generic Bullion?

By Bullion Shark LLC …… Coin collectors and precious metals investors often ask the question: “Why would I pay more for an American Silver Eagle if it contains the same precious metal content as a 1 oz silver round?” This is a great question, and it can be answered with a variety of answers. However, […]

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Gold & Precious Metals News: Ohio Budget Kills Sales-Tax Exemption for Bullion, Coins

By Industry Council for Tangible Assets (ICTA) …… ICTA member Dave Miholer (Executive Coin Company, Stow, Ohio) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on […]

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Mint Statistics: Not Much Movement on Gold or Silver Bullion Sales

Gold bullion remained the same as last week, with total ounces at 4,000 and total units 8,500.  With the price of gold eclipsing $1,400, it will be interesting to see how long these numbers go unchanged.  Silver, on the other hand, added 305,000 and will end June at 855,000

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Letters to the Editor: July 16,2019

1986 ASE Coin Clinic Question
I noticed that Mercanti mentions the Denver Mint as a contributor in the production of the 1986 Bullion Strike ASE in his books on the subject. Does anyone know if the Denver Mint saved one? It would seem strange if they didn’t. There are no availabe records of how many were minted at Denver, either

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U.S. Bullion: All the Elements in the Equation?

By Mark Benvenuto
The United States Mint has been playing on the world stage for decades now, when it comes to gold and silver bullion coins that is. We were not the first nation to unveil any sort of bullion coin, made specifically as a means for individuals to own a precious metal.
Collectors and investors generally agree that such a title belongs to the South African gold Krugerrand

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Why Are Americans Dumb Precious Metals Traders?

When it comes to buying and selling physical precious metals, it seems like the majority of Americans tend to get their timing wrong.
India and China are the world’s two largest gold and silver consuming nations.  Invariably, residents in those nations buy precious metals when prices are low

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Mint Statistics: Will the 2019 Uncirculated Set Surpass 2018 Sales?

Modest increases were noted in bullion this week, after a jump of 566,000 last week in one ounce silver. The May total stands at 866,000, the second lowest this year, just ahead of the 850,000 sold in March. Gold is also the lowest month in 2019, with just 8,500 total coins sold

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New Kansas Bill Provides Sales Tax Exemption

On Thursday, May 16, 2019 Kansas governor Laura Kelly signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion.
“The outcome is not everything we started with in the original bill, but certainly better than where we were,” said Dean Schmidt (Dean Schmidt Rare Coins). The late Diane Piret, ICTA’s director of legislative affairs, would agree

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Kansas governor signs bill providing sales-tax exemption

On Thursday, May 16, 2019, Kansas governor Laura Kelly signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion.
“The outcome is not everything we started with in the original bill, but certainly better than where we were,” said Dean Schmidt (Dean Schmidt Rare Coins)

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Existing Coin/Bullion Sales Tax Exemptions Under Attack

Right now, five states do not impose any state sales taxes (Alaska, Delaware, Montana, New Hampshire, Oregon) and 32 have complete or partial sales tax exemptions on the in-state retail sales of precious metals bullion and rare coins.
On July 1, West Virginia’s sales tax exemption on precious metals bullion and rare coins go into effect.  It is possible that, before the end of 2019, there may be another state that adopts such a sales tax exemption

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Crown of Thorns cast for new bullion coin

 
(Image courtesy of the Scottsdale Mint.)
This year as part of their annual installment of the Biblical Silver Coin Series, the Scottsdale mint is releasing a Crown of Thorns 2oz Antique-Proof Silver coin. The obverse of the coin shows the Raphael Maklouf effigy of Her Majesty Queen Elizabeth II, while the reverse shows a crowd of people huddled near Jesus

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Mint Statistics: Stronger first-quarter bullion sales for 2019 vs. 2018

With the first quarter drawing to a close, we thought it would be interesting to take a look at sales in the first quarter to 2019 as compared to the same time period in 2018. The first thing to stand out is the underperformance of the 2019 gold proof as compared with 2019.
Overall, total sales of all options offered are down about 3,500 coins, or 26%

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Spotty appreciation at top of the food chain

Minor-denomination coins are usually the realm of the specialist. Prices for these areas remain primarily dormant, with some modest reductions in value. Having said that, those same coins that are certified to be at the top of the food chain are showing what I would term “spotty” areas of appreciation, suggesting the major interest in these areas is focused at the top

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Buyers not bidding coins to new levels

In general, 2018 was a quiet year for the collectible coin market. Scarce to rare coins continued to sell well, but few were setting new records. Auction sales results suggest there is a hungry market of collectors and dealers interested in these coins, but it also suggests these buyers are not comfortable in bidding these collectibles to new levels

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Bullion’s shadow hangs over market

Collectible and bullion impacted coins continue to sell in a tight range as this market commentary is being written. Gold bullion is trying to hold above $1,200 while silver is making its goal line stand at $14.
There has been some uptick in activity in gold coins that appears to originate from stock market investors looking to cushion their now increasingly vulnerable stock and bond portfolios

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Old silver bars might be collectible

Perhaps the dream of every numismatist and precious metals investor is the opportunity to purchase something at face value or a bullion-related price that can later be sold at a collector premium.
Such instances occur more often than most people realize. In some instances, once information about low mintages becomes known, there tends to be a surge in buying interest

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Eight amazing pieces of silver

By Mark Benvenuto
Throughout the entire collector community, it’s fair to say we all like hefty silver coins. It appears to be part of virtually every collector’s passion, and that desire can burn pretty brightly in many of us. Whether it is classic silver dollars or the big silver of foreign countries, these coins are those that are usually in the spotlight and always in collectors’ hearts

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Scared buyers become good buyers

A plunge in the stock market scared the price of bullion higher. Precious-metal impacted collectible and bullion coins have taken advantage of that unexpected boost as the spot price of gold and silver reacted favorably to the recent stock market pullback. The question is how long can this new situation last

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Mint Statistics: Silver Eagles want to fall asleep again

For the second week in a row, sales of silver American Eagle bullion coins have slowed down. Buyers grabbed just 200,000 pieces, compared to 260,000 the week before. The September sales surge is well and truly over

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Both parties benefit in silver sale

In a free market, when a transaction occurs, both parties expect that what they receive will exceed their subjective valuation of what they give up. When a consumer buys a loaf of bread, he or she values the bread more than the funds used to pay for it.
At the same time, the business selling the bread values the payment received more than the bread traded away

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American Eagle one-ounce gold Uncirculated coin goes on sale on July 12

Washington — The United States Mint will open sales for the 2018 American Eagle one-ounce gold Uncirculated coin (product code 18EH) July 12 at noon Eastern Time (ET).
This coin is a collector version of the Mint’s American Eagle gold bullion coin

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Despite decreased bullion sales in June, bullion coins may be the way of the future for U.S. coinage

Background photo by Apollo2005.
From enduring decreased sales in June to battling worldwide counterfeiting operations, American bullion coins have taken a beating in 2018

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Despite decreased bullion sales in June, bullion coins may be the way of the future for U.S. coinage

Background photo by Apollo2005.
From enduring decreased sales in June to battling worldwide counterfeiting operations, American bullion coins have taken a beating in 2018

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Despite decreased bullion sales in June, bullion coins may be the way of the future for U.S. coinage

From enduring decreased sales in June to battling worldwide counterfeiting operations, American bullion coins have taken a beating in 2018. However, from a collecting standpoint, bullion coins are coming into the limelight

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Dillon Gage Metals Offers Unique Piedfort Silver Bullion Koala Coin from Perth Mint

   mother and baby grace the 2-ounce Koala coin from the Perth Mint Precious metals wholesale firm Dillon Gage Metals is introducing a new product from the Perth Mint for its exclusive list of authorized dealers. “Mother & Baby – The Next Generation” is a 99.99 percent pure silver, 2-ounce themed bullion Koala coin. This […]

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Former Northwest Territorial Mint President Ross Hansen Indicted for Fraud

Along with Former Vault Manager, Former Northwest Territorial Mint President Ross Hansen was indicted for Defrauding Customers with False Promises about Bullion Delivery, Storage, & Leasing; Over 3,000+ Customers may have lost more than $25 Million By United States Attorney’s Office, Western District of Washington ……   The former President and CEO and the former vault […]

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Alabama becomes 37th state with a sales tax exemption

On Tuesday, March 6, 2018, Alabama governor Kay Ivey signed into law Senate Bill 156 to exempt the gross proceeds from the sales of gold, silver, platinum, and palladium bullion, and money from sales and use tax for five years. The law is a sales-and-use tax exemption on U

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Rosland Capital Unveils PGA Tour Gold Coin & PGA Silver Coin Collection

By Rosland Capital, LLC …… Leading precious metal asset firm Rosland Capital today unveiled its latest coin collection licensed by the PGA TOUR. The first PGA Tour Gold Coin and PGA Silver Coins in the series celebrate the U.S. team’s victory at the 2017 Presidents Cup, held at the Liberty National Golf Club in New […]

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Bullion & Precious Metals: APMEX Launches Year-End Sale to Close out 2017

APMEX, Inc. is thrilled to announce their 2017 Year-End Sale begins December 26, offering discounts on thousands of products. Investors and collectors alike will have an opportunity to find the perfect item to close out the year and welcome a new one. From 2017 releases to ancient coins and even jewelry items, many of these […]

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Bitcoin: Digital bullion, or just digital?

Image by Uberpenguin.
In a recent interview on the “Fast Money Halftime Report,” renowned trader Mark Fisher discussed the similarities between the current hype for the cryptocurrency Bitcoin and the silver rush seen in the late 1970s and 1980s

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Bitcoin: Digital bullion, or just digital?

In a recent interview on the “Fast Money Halftime Report,” renowned trader Mark Fisher discussed the similarities between the current hype for the cryptocurrency Bitcoin and the silver rush seen in the late 1970s and 1980s. Fisher attributes Bitcoin’s rapid rise in value to its organic popularity (i

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APMEX Celebrates Halloween and Día de los Muertos with Silver

APMEX, Inc., the nation’s largest Precious Metals e-retailer, is excited to introduce a variety of Silver bars, rounds and coins celebrating Halloween and Día de los Muertos. Halloween is enjoyed around the world and is believed to have originated from ancient Celtic harvest festivals. Today, children and adults alike revel in the costumes, games and […]

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New Limited Mintage Chiwoo Medals Available Now from APMEX

APMEX, Inc., a leading Precious Metals e-retailer based in Oklahoma City, is thrilled to announce the latest release in the extremely successful Chiwoo Cheonwang Medal series from KOMSCO, the official mint of South Korea. The inaugural release in 2016 garnered an impressive following almost immediately and these newest 2017 editions are sure to spark even […]

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APMEX Announces Release of New Stackable Silver Rounds

APMEX, the nation’s largest Precious Metals e-retailer, is thrilled to announce a new product offering, providing an investment piece that can be tangibly enjoyed. The new 1 oz Silver APMEX Stackables™ represent innovation in production. Each round features APMEXclusive® interlocking ridges that allow the rounds to perfectly stack on top of each other. This mechanism […]

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Gold Markets Report – Gold made up its Mind – For Now

Commentary for Monday, September 18, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $14.10 at $1306.30 today. Gold markets broke down in the overnight Hong Kong and London markets and continued weak on the domestic side. Everyone was watching the important $1320.00 line in the sand […]

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CoinWeek Podcast #74: Former U.S. Mint Director Talks About the Realities of Gold Ownership

CoinWeek Podcast #74: Former U.S. Mint Director Talks About the Realities of Gold Ownership Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. Philip Diehl was the director of the United States Mint from 1994-2000. During his tenure, Diehl brought wholesale changes to the way […]

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Louisiana Coins and Precious Metals Bullion Exemption Enacted

By Industry Council for Tangible Assets ….. Last year, the Louisiana legislature, facing a $900 million deficit, held a special legislative session and increased Louisiana’s 4% sales tax to 5%. In addition to increasing the state sales tax, it eliminated nearly all tax exemptions and exclusions–including numismatic coins and precious metals bullion exemptions–for three months, […]

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Digital Future: Don’t Let Big Brother Track Your Bullion!

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. […]

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Texas attorney general issues consumer-protection tips for gold buyers

(Austin, Texas)—With input from numismatic experts, the attorney general of Texas, Ken Paxton, has issued a consumer-protection alert about buying and selling gold coins.
Award-winning rare-coin and precious-metals writer Michael Fuljenz, president of Universal Coin and Bullion in Beaumont, Texas, provided continuing consultation to the attorney general’s office on this important consumer alert

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Texas attorney general issues consumer-protection tips for gold buyers

(Austin, Texas)—With input from numismatic experts, the attorney general of Texas, Ken Paxton, has issued a consumer-protection alert about buying and selling gold coins.
Award-winning rare-coin and precious-metals writer Michael Fuljenz, president of Universal Coin and Bullion in Beaumont, Texas, provided continuing consultation to the attorney general’s office on this important consumer alert

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Silver Dollars and Charity – An Interview with Wayne Miller

By Al Doyle for CoinWeek…. How does a person become fascinated with silver dollars? Growing up in a place such as Helena, Montana where Morgan and Peace dollars were a part of daily life meant that Wayne Miller was constantly exposed to the hefty coins at an early age. “Montana was one of five states […]

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NTR Metals and Illegal South American Gold

By Joshua Gibbons – About.Ag – for CoinWeek …. When I first heard about Peruvian gold smuggling early last year, I didn’t really believe it. I was talking to the owner of a bullion dealer that I suspected was in financial trouble, and he said that NTR Metals was caught smuggling $20M of gold from […]

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Bullion & Precious Metal News: Dillon Gage Metals up for Prestigious Industry Awards

2017 Platts Global Metals Awards Committee Names Dillon Gage Finalist Dillon Gage Metals, an international precious metals wholesaler, has been selected as a finalist by the Platts Global Metals Awards Selection Committee in two categories. The awards are conducted by S&P Platts, a leading independent provider of information and benchmark prices for the commodities and […]

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Bullion & Precious Metal News: Dillon Gage Metals up for Prestigious Industry Awards

2017 Platts Global Metals Awards Committee Names Dillon Gage Finalist Dillon Gage Metals, an international precious metals wholesaler, has been selected as a finalist by the Platts Global Metals Awards Selection Committee in two categories. The awards are conducted by S&P Platts, a leading independent provider of information and benchmark prices for the commodities and […]

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APMEX: Top Precious Metals Security Features Ensure Product Authenticity

APMEX, a leading Precious Metals e-retailer, wishes to introduce their Products with Security Features page to those who place particular importance on enhanced security for their Precious Metals products. During unstable economic periods, there can be spikes in counterfeiting and attempted counterfeiting of Precious Metals products. While APMEX uses impeccable security protocols, you may wish […]

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Gold and Silver Markets – Gold Settles for Quiet Weekly Finish

Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold has […]

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Hacks for Buying Gold or Silver Bullion Cheap – 4K Video

Hacks for Buying Gold or Silver Bullion Cheap is an informative video that every gold and silver bullion buyer should see. In 2016, the Professional Numismatists Guild launched an innovative program centered around the concept of creating a safe market for buyers of gold and silver bullion. The Accredited Precious Metals Dealer Program (APMD) helps protect […]

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Gold Bullion Markets Report – Gold Rattled by Durable Goods Number

Gold Bullion Markets Commentary for Wednesday, November 23, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $21.90 at $1189.30. So we have breached the important support at $1200.00 – not exactly unexpected as we have been saying but time will be needed to see just how […]

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Gold Markets – Gold Lower on Election News

Commentary for Monday, November 7, 2016 (www.golddealer.com) ….. By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold price closed down $23.90 today at $1278.30 in a surprise move to the downside – giving up most of last week’s $30.00 advance. It’s true that gold price is softer and stocks rallied because […]

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Gold Markets Report – Gold Moves Higher – On Politics?

Commentary for Friday, October 28, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.30 today at $1272.30 and got a political kick in the pants in the aftermarket which pushed prices up another $7.00 looking at $1280.00. So just when you thought it was safe to […]

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Gold Market Report – Gold Holds Modest Gains

Commentary for Thursday, October 27, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $2.90 at $1,265.00. The overnight market in gold was generally supportive moving higher by a couple of dollars in both Hong Kong and London but the US market broke down that same few […]

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CoinWeek Podcast #45: Can the U.S. Mint Compete in the Current Coin Climate & The 2016 Election’s Effect on Gold

CoinWeek Podcast #45: Can the U.S. Mint Compete in the Current Coin Climate & The 2016 Election’s Effect on Gold Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. CoinWeek editor Charles Morgan takes a look at the 2016 Centennial Gold Coin Program from the […]

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Gold Markets Report – Gold Breaks Down

Commentary for Tuesday, October 4, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closes down $43.00 at $1265.20 in the biggest rout we have seen in 4 months. And like I said Monday – the mood has turned slightly pessimistic so let’s look at the moving averages – […]

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How Rare Coins Can Help Your Investment Portfolio

Just last year, a British charity known for helping UK war veterans received an odd-looking two pence coin in one of its donation bins. As the coins were being counted, a branch treasurer noticed that this particular two pence coin was silver instead of the usual copper color and took the coin to the bank to find out more about it

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Bullion Coins – Silver Stacking Techniques

2016 Canadian Silver Maple Leaf Silver bullion is no longer just an investment vehicle but also a hobby that countless “Silver Stackers” take part in every day. It might sound strange to think of the shiny metal as a hobby, but “Silver Stacking” has evolved the metal into something more. Let’s see how… “Silver Stacking” […]

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Gold Market Update – Gold Closes up $38.70 and Threatens the Important $1200.00 Level | CoinWeek

Commentary for Monday, February 8, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $38.70 on the Comex today at $1196.50. This will get everyone’s attention because during the trading day gold actually moved above $1200.00 before settling lower. Still the peak for gold last year was $1302.00 […]

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Gold Markets – Gold Moves to 15 Week Highs, Closing Above its 200 DMA

Commentary for Wednesday, February 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold Markets closed up $17.30 on the Comex today at $1144.60. A big move which came later in the trading session after gold had traded in the $1130.00 range for half the trading day. Gold market continues […]

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An Old-Fashoned Way To Invest In Silver and Silver Coins

by Al Doyle for CoinWeek …… Even with premiums of $2.50 to $4 an ounce above spot, government-issued bullion coins such as the American Eagle, Canadian Maple Leaf, Austrian Philharmonic and Mexican Libertad are extremely popular among modern silver investors. Cost-conscious shoppers tend to go for circulated pre-1965 U.S. dimes, quarters and half dollars at […]

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An Old-Fashoned Way To Invest In Silver and Silver Coins

By Al Doyle for CoinWeek ……   Even with premiums of $2.50 to $4 an ounce above spot, government-issued bullion coins such as the American Eagle, Canadian Maple Leaf, Austrian Philharmonic and Mexican Libertad are extremely popular among modern silver investors. Cost-conscious shoppers tend to go for circulated pre-1965 U.S. dimes, quarters and half dollars […]

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Gold Market Finding Stable Footing

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 […]

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Where Bullion Investing And Coin Collecting Merge – PART 1

by Al Doyle for CoinWeek Are you a collector or investor? The answer doesn’t have to be an either/or proposition. More than a few coin enthusiasts have a favorite series or two they pursue as a hobby while investing in gold and silver bullion for financial insurance. That’s the ideal situation, but what about the […]

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Infographic – Assessing the Potential Risk of a Greek Default

Presented and produced by Gainesvillecoins.com ……….. On Friday, April 24th, the finance ministers of Europe once again met to discuss the fate of Greece’s bailout program. Although no definitive course of action was expected to come out of this meeting, it was yet another chance to assess the potential consequences if indeed the Greek government […]

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Gainesville Coins Market Update: May 22-29, 2015

The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]

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The Gold Newsletter – Gold Surges over Jobs Disappointment

Commentary for Wednesday  April 1st , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold surged today up $25.00 on the Comex to close at $1208.10. This was a surprise even to insiders – although there has been some positive talk as the technical price picture for gold improves. The […]

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The Gold Newsletter – Gold Continues Weak – the Dollar Strong

Commentary for Wednesday February 11th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $12.60 on the Comex today at $1219.00 reacting to a stronger dollar and a negative technical picture. The overnight gold market was actually quiet in Hong Kong and London – and the domestic market […]

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Dillon Gage Unveils “Spots in a Box” at FUN Convention. VIDEO: 1:23.

John Humphrey, Dillon Gage Digital Metals Interviewer: David Lisot, CoinWeek.com ……. Dillon Gage has announced a new way for dealers to have spot bullion prices delivered to them. John Humpfrey explains how “Spots in a Box” will to keep you informed about the prices of gold, silver, platinum and palladium. Copyright © CoinWeek January 2015 […]

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The Gold Market Newsletter – Gold Bounces Higher Recovering from Yesterday’s Oversold Position

Commentary for Friday January 30th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex closed up $23.90 at $1278.50 recovering from yesterday’s classic overreaction to the possibility of a Fed interest rate hike sooner than later. The bounce to higher ground provided relief to the bulls and […]

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Gainesville Coins Weekly Market Update – The New Normal and Geopolitics

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 […]

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Gold Newsletter – Gold Moves Higher Improving its Technical Picture

Commentary for Friday January 9th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $7.60 today at $1216.00 so its technical picture continues to improve on the short term. Most writers believe higher numbers are the result of safe-haven buying over European monetary problems. But I think the […]

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Gold Newsletter Market Report – Gold Moves Lower on Weak Oil into the New Year

Commentary for Thursday, December 31st, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $16.30 at $1183.90 saying goodbye to the $1200.00 level – which seems appropriate into the New Year considering the poor press gold has received. So this is the last trading day of the year […]

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Gold Moves Lower on Mild Profit Taking

Commentary for Wednesday, Dec 10th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $2.60 at $1228.90 in a mild round of profit taking after yesterday’s big $36.80 move to the upside. Considering recent higher prices pushed by short-covering and some safe haven buying the bulls while still […]

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Gold Market Newsletter : Gold Drifts at the Upper End of its Current Range

Commentary for Wednesday, Nov 19th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.10 at $1193.60 – a respectable finish considering early trading saw lows at $1173.00. The much awaited Federal Open Market Committee minutes were released with little fanfare – I guess the market is further […]

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Gold Market Newsletter : Gold Closes Again Choppy Capped by Lower Oil

Commentary for Thursday, Nov 13th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $2.20 at $1161.10 edging somewhat higher but probably capped by lower oil prices. Saudi Arabia continues to pump disregarding lower prices and a weakening European picture. With this scenario you might wonder what they […]

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Gold Market Newsletter : Gold Moves Lower then Higher Following the Dollar

Commentary for Tuesday, Nov 11th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up a surprising $3.20 today at $1162.80 after being down and under pressure at the beginning of the trading session. The pressure was created because of the expectation of higher interest rates and subsequently a […]

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Gold and Silver Continue to Hit New Lows – 5 Articles on “Why “

Another Miserable Week for Gold and Silver Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver is struggling to hold $18.50. Mainstream opinion has been negative for commodities generally, with a strong dollar undermining them. Brent crude, for example, […]

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Reports of the Death of the Dollar as the World’s Currency May be Greatly Exaggerated

by Tony Davis – Atlanta Gold & Coin Buyers ………. One of the most popular topics in the news today is the status of the dollar as the world’s currency and how efforts are being made by foreign nations to circumvent using the dollar by entering into currency swaps and commodity trade agreements. There’s no questioning that the dollar […]

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Coin Guides: Tips on Buying Precious Metals and Bullion Coins

By Gainesville Coins – www.gainesvillecoins.com The Advantage of Physical Assets Precious metals have long been treasured both for their beauty and rarity. As a result, these metals have been used by many civilizations as a store of wealth, and in some cases, a foundation for currency. Historically speaking, these stores of wealth have not experienced […]

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What Can You Do When The US Government Stops Supporting The US Dollar?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com …….. In the previous two weeks, the US Treasury has been forced to pay out a net of $65 billion to cover US dollars and US Treasury Debt being repatriated.  Some amount of this is almost certainly 1) in retaliation by the Russian and […]

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