Category Archives: Gold

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An Unclassified Peek Inside Fort Knox Gold Depository

An Unclassified Sneak Peak inside the Fort Knox Gold Depository

By Philip N. Diehl, exclusively for CoinWeek …..
The public image of the United States Bullion Depository at Fort Knox, Kentucky, was cemented in the 1964 movie Goldfinger. The four-story vaults of shining chrome bar-encased gold, suspended staircases, and vast interior are now classic Hollywood images of what our imaginations want Ft. Knox to look like.

The reality is very different.

I’ve been inside, one of the few people allowed inside over the past 40 years. The Mint’s stated policy is that the “Depository is a classified facility. No visitors are allowed, and no exceptions are made.” Even former Presidents have been turned away. goldfinger3But in 1974, United States Mint Director Mary Brooks led 130 press Representatives and members of Congress into the Depository to debunk rumors that the vault was empty.

I remember hearing these rumors at home in Texas. Ed Busch, of WFAA radio in Dallas, fanned the flames of suspicion to great effect, finally forcing the Treasury Department to open the vault (by the way, I’m confident the gold is there, but the idea that anyone could look at a stack of gold bars and be reassured that, in fact, “the gold is all there” is amusing).

Emphasis on “Fort”

From the outside, the Depository appears to be a concrete, Depression-era structure. Nothing special, unlike the Fort Knox of Hollywood fame.

But, it IS well protected.

There are concentric rings of defenses, starting with the two-story vault itself. The vault is small, less than 4000 square feet, and two stories high. Its walls are two feet thick and constructed of concrete-encased steel plates, steel I-beams, and steel cylinders laced with hoop bands. The vault walls and roof are separated from the Depository’s outer walls and roof, which are made of granite-lined concrete.

The vault door is blast-, drill-, and torch-proof, 21 inches thick, and weighs in at more than 20 tons. It is set on a 100-hour time clock and is rarely opened. There’s no need; metal is not moved in and out of the vault. The gold used in producing the Mint’s gold coins is held at the West Point Mint.

No one person can open the vault door. As with all vaults, there is an escape door for anyone who might become trapped in the vault. But you might rather wait out the 100-hour clock. The approach to the door is through a narrow tunnel one must crawl through. It opens outside the vault but inside the depository. The escape door only opens from the inside. Four armored guard boxes stand at each corner of the building and armored sentry boxes flank the entrance gate. The facility has stand-alone emergency power, water, and other systems on site.

The next ring of protection is the heavily armed and highly profession members of the United States Mint Police Force, who can engage intruders from inside the fortress to beyond the outer steel fence. Between the walls of the Depository and the outer perimeter lie rings of razor wire and mine fields, monitored by high-resolution, night-vision video cameras, and microphones. treasuryThe Depository sits on the Fort Knox Army post at the corner of Bullion Boulevard and Gold Vault Road (no kidding).

When I was Mint Director, the post offered additional protection in the form of the 194th Armored Brigade, helicopter gunships, artillery, and, as I recall, 25,000 soldiers. I know that Fort Knox has gone through significant downsizing over the past decade, so I’m uncertain how much of this firepower is available today.

During my visit, I asked if anyone had been crazy enough to try to penetrate these awesome defenses. I was told that, on one or two occasions, an inebriated soldier, looking for a shortcut back to base from a local bar and not knowing where he was, had attempted to climb the outer fence. You can imagine the sobering effect the floodlights, alarms, and booming speakers would have had on the unfortunate fellow.

Fort Knox Today

Today, Fort Knox holds about 4,600 metric tons of gold worth close to $200 billion dollars – 2.5% of all the gold ever refined over the course of human history. But dring World War II, the Depository held more than four times its current holdings.

But gold might not have been the most valuable asset held by the Depository. Over the years, Fort Knox has protected copies of the Gutenberg Bible, the Magna Carta, the Declaration of Independence, the United States Constitution, and the Gettysburg Address, among other priceless artifacts. On a grimmer note, during the Cold War, morphine and opium were stored at the Depository in case they were need in huge quantities after a nuclear exchange with the Soviet Union.

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Top 5 Gold Bullion Coins for Investors

Gold bullion coins are a proven strategy for investors to diversify their portfolios and protect and grow their wealth. For thousands of years, people around the world have understood this.

Owning physical gold has many benefits over “paper” gold like an Exchange-Traded Fund (ETF) or mining stock. ETFs and mining stocks do not always follow the spot price and you never take physical ownership of gold. Notably, there are sometimes outside forces at play that move paper investments at different rates and in different directions than the price of gold. For example, gold mining stocks can be impacted negatively by labor strikes, political strife in the countries where miners operate, poor company management, and accounting issues. Gold could be performing strongly and a mining company’s stock may not reflect the commodity’s performance. ETFs have their own set of unique issues, including management fees, marketing fees, and storage and insurance fees. Investors putting money into ETFs also do not take real possession of the gold.

Clearly, physical gold does not have these same downsides.

To own gold that you can hold in your hand, there are many different coin options to choose from. Below are the five best gold bullion coins for investors to consider. All of these gold coins are recognized around the world for their purity and authenticity and are easily bought and sold.

Another benefit to owning the top five gold coins on our list is that they are all approved by the Internal Revenue Service (IRS) to use in your Individual Retirement Account (IRA). Let’s take a look at the five best gold coins to use in investing.

1. One Ounce American Gold Eagle Bullion Coins

American Gold Eagle. Image: U.S. Mint / CoinWeek.
American Gold Eagle. Image: U.S. Mint / CoinWeek.

One-ounce American Gold Eagle coins are hands down one of the most popular and widely recognized gold bullion coins around the world. The United States Mint produces these 22-karat gold coins and offers investors a rock-solid investment in an ever-changing economy. The value of American Gold Eagle coins moves independently of the stock and bond markets, which offers investors strong portfolio diversification value. Indeed, when the stock market crashes, the price of American Eagle gold coins has historically went higher. In 1986, President Ronald Reagan signed into law the program to mint American Eagles, which became the global standard for bullion coins. These coins are 100% American-made.

2. One Ounce American Gold Buffalo

American Buffalo Gold Coin. Image: U.S. Mint / CoinWeek.
American Buffalo Gold Coin. Image: U.S. Mint / CoinWeek.

Another coin produced by the U.S. Mint for investors and collectors alike is the American Gold Buffalo coin. This stunning gold coin is an homage to our nation’s early history and heritage. For many years, investors could buy only 22-karat gold. But amid growing interest in even greater purity levels, Congress authorized the creation of the 24-karat American Gold Eagle, which debuted in 2006. You may recall the famous Buffalo Nickel designed by James Earle Fraser. This arresting gold bullion coin pays homage to that era and features a Native American chief’s profile on the obverse side and an American buffalo on the reverse.

3. One Ounce Canadian Gold Maple Leaf

2023 Canadian Maple Leaf. Image: CoinWeek / Royal Canadian Mint.
2023 Canadian Maple Leaf. Image: CoinWeek / Royal Canadian Mint.

Moving beyond the United States, the one-ounce Canadian Gold Maple Leaf is one of the most prestigious and highly sought-after gold bullion coins after the American coins mentioned above. The well-respected Royal Canadian Mint introduced this coin in 1979 and it was the first bullion coin to feature 99.99% pure gold. The one-ounce Canadian Gold Maple Leaf coin represents extraordinary craftsmanship, featuring the iconic and cherished Canadian maple leaf.

4. One Ounce Australian Gold Kangaroo

2023 Perth Mint Kangaroo 1 ounce bullion coin. Image: Perth Mint / CoinWeek.
2023 Perth Mint Kangaroo 1 ounce bullion coin. Image: Perth Mint / CoinWeek.

Traveling farther around the globe, the esteemed Perth Mint has produced the one-ounce Australian Gold Kangaroo since 1986, which is another coin highly sought-after by investors. The original version of this gold bullion coin was known as the Australian Gold Nugget. However, in 1990, the Perth Mint redesigned the coin, which now features an iconic kangaroo design paying homage to Australia’s natural heritage. The reverse highlights a magnificent kangaroo with intricate detailing, revealing both the dignity and brawniness of this beloved marsupial. The obverse reveals Queen Elizabeth II, highlighting the country‘s connection to the British monarchy.

5. One Ounce Austrian Gold Philharmonic Bullion Coins

Vienna Philharmonic Gold Bullion Coin. Image: Adobe Stock / CoinWeek.
Vienna Philharmonic Gold Bullion Coin. Image: Adobe Stock / CoinWeek.

Last but not least, the one-ounce Austrian Gold Philharmonic gold coins are easily one of the most popular bullion coins traded in continental Europe. The Austrian Mint began producing these elegant coins in 1986, which pay homage to the thriving musical history in Austria’s capital city of Vienna. Sometimes called Vienna Gold Philharmonics, investors gravitate to this coin for its widely recognized depiction on the obverse of the Great Organ, an iconic instrument that sits in Vienna’s esteemed Musikverein concert hall. The reverse features a collection of musical instruments, including the cello, violin, harp, flute, and horn, which represent the many sounds that meld together to create a symphony.

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Would Returning to the Gold Standard Be a Bad Idea?

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 […]

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Royal Canadian Mint Introduces Single Mine Gold Maple Leaf Coin

by CoinWeek… To demonstrate industry leadership in transparency and refining, the Royal Canadian Mint has sourced its newest gold bullion coin completely from a single mine. The gold for the .9999 fine 1oz 2023 $50 Maple Leaf Single-Sourced Mine bullion coin was extracted from Newmont Corporation’s Éléonore gold mine in Northern Québec. The Mint will […]

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The Legend of Yamashita’s Gold

By CoinWeek …. We at CoinWeek make no secret of our skepticism toward stories of buried treasure. In the age of Tommy Thompson and Forrest Fenn, it’s hard to ignore the greed and recklessness that lays behind the glamour and Romanticism, and the dogged determination of the treasure hunter looks more like obsession and addiction. […]

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Costco Now Offering Gold Bars, Finds Them Hard to Keep in Stock

By CoinWeek …. Taking advantage of the hot market for emergency preparation goods, the Washington-based warehouse club store Costco is now offerig its members the chance to buy 1oz gold bars at its stores and online. But in a scenario familiar to many who’ve tried to buy gold and other products directly from the United […]

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Western Nations Are Losing Control Over the Gold Price

By Jan Nieuwenhuijs for Gainesville Coins ……   An important change has unfolded in the global gold market. The “East” has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the “West’s” long-standing pricing power. Until recently, Western institutional money was driving the price of gold in […]

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The People’s Bank of China Manipulates the SGE Gold Price

By Jan Nieuwenhuijs for Gainesville Coins …… By obstructing gold import and export, the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Exchange (SGE) relative to metal traded in London. In the past 12 months, the PBoC has restricted gold import to curb capital flight and defend […]

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Despite Declining Price, Gold Is Strengthening

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 […]

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Safe Gold Storage Tips From the Professional Numismatists Guild

During the “Gold Rush of 2023”, dealers report that demand for gold bullion coins has soared from both previous investors and many new buyers. Now the important question is: how should you safely protect and store your precious metal purchases? The Professional Numismatists Guild (PNG), a nonprofit organization composed of many of the country’s top […]

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Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

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Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

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Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

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US Mint to Release 2023 American Buffalo Gold Proof Coin April 13

The United States Mint will begin accepting orders for the 2023 American Buffalo One Ounce Gold Proof Coin on April 13 at noon EDT. The Mint launched the American Buffalo Coin Program in 2006. The one-ounce coin in this program is the first 24-karat gold Proof coin ever struck by the Mint and is the […]

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Gold Bullion Spotlight: Italy Umberto I 20 Lire

By Jay Turner for PCGS …… Italy is not a country that is often thought of for its gold bullion. Nevertheless. During the reign of Umberto I (1878 to 1900), a large number of gold 20 lire coins were produced. Due to the abundance of these coins and lack of collector demand for them, there […]

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Royal Mint Gold Bar for Islamic Community Depicts Kaaba

The Royal Mint has released an exclusively designed Kaaba 20g gold bullion bar. Created in consultation with Muslim Council Wales and designed by Emma Noble, it represents Kaaba, the holiest site for millions of Muslims. The Royal Mint has gifted three Kaaba bars to Islamic Relief to mark the launch and aid the charity’s fundraising […]

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Perth Mint Gold “Doping” Scandal Calls Senior Leadership Into Question

By Hubert Walker for CoinWeek …. A recent report on Australian TV has put the reputation of one of the world’s major mints–as well as the reputation of the entire international system of precious metals accreditation–in jeopardy. On Monday, March 6, an internal report from the Perth Mint was leaked to the Australian Broadcasting Corporation […]

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American Gold Eagle Struck at Launch Offered by GreatCollections

GreatCollections is offering collectors a very interesting opportunity to purchase the 27th American Gold Eagle ever struck. Not only is this high-quality coin graded MS68 by PCGS, but it was also struck by the well-known New York coin dealer and numismatic author Scott Travers. In addition to the coin, this group lot includes a signed […]

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American Gold Eagle Struck at Launch Offered by GreatCollections

GreatCollections is offering collectors a very interesting opportunity to purchase the 27th American Gold Eagle ever struck. Not only is this high-quality coin graded MS68 by PCGS, but it was also struck by the well-known New York coin dealer and numismatic author Scott Travers. In addition to the coin, this group lot includes a signed […]

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American Gold Eagle Struck at Launch Offered by GreatCollections

GreatCollections is offering collectors a very interesting opportunity to purchase the 27th American Gold Eagle ever struck. Not only is this high-quality coin graded MS68 by PCGS, but it was also struck by the well-known New York coin dealer and numismatic author Scott Travers. In addition to the coin, this group lot includes a signed […]

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Swiss Central Bank Moved Gold From Berne to Kandersteg Bunker

By Jan Nieuwenhuijs for Gainesville Coins …… In , it’s a state secret where the central bank stores its gold domestically. From all the information I could gather, I conclude that the Swiss central bank primarily stores its gold—and that of foreign central banks and the Bank for International Settlements—on Bundesplatz 1 in the capital […]

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Why You Can’t Buy Gold or Silver At Spot Price

By Joshua McMorrow-Hernandez for Gainesville Coins …… Wouldn’t it just be grand to buy gold or silver at spot price? Think about that pile of metals in your vault growing ever higher, all at the price of what the metal is really worth. Eliminate the middleman — no numismatic premiums. And all the while that […]

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Heritage Opens Forrest Fenn’s Treasure Chest to Collectors

This December event features almost 500 gold pieces and coins and jewelry from the world’s most famous hidden treasure   This time, at least, the hunt for Forrest Fenn’s treasure won’t be so challenging. What remains from that famed chest hidden in the Rocky Mountains – for a decade, the stuff of dreams and countless […]

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Colorado Man Gets 27 Months for Africa Gold Scheme

By United States Attorney’s Office, District of Montana ……   On Monday, November 7, 2022, a Colorado man who admitted to defrauding a Montana family of $391,280 USD by purporting to invest the money in gold in Africa was sentenced to 27 months in prison and fined $5,000, to be followed by three years of […]

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Royal Canadian Mint Issues Its First Single Mine Gold Bullion Coin

In response to increasing market demand for greater transparency in the provenance of precious metals, and to showcase its continually evolving refining capabilities, the Royal Canadian Mint is introducing its first gold bullion coin completely sourced from a single mine. The 2022 $50 1 oz. 99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is […]

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Jeff Garrett: Collecting American Gold Eagles

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… The recently completed Stack’s Bowers sales featuring the first and last American Silver and Gold Eagles saw record prices for pedigreed modern coins sold at auction, stunning most observers. Touted as the Dusk to Dawn Anniversary issues, the coins were the last 500 Type 1 and […]

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Is the Russian Ruble Linked to Gold?

By Jan Nieuwenhuijs for Gainesville Coins …… Some gold commentators are writing that the Central Bank of Russia (CBR) has linked the Russian ruble to gold, but this is not true. In the fog of war, the first causality is the truth; this time is no different. Information coming from either side of the war […]

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CFTC Charges Nevada Metals Trader With Spoofing in Gold and Silver Markets

Commodity Futures Trading Commission (CFTC) ……   On Friday, August 5, 2022, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, charging him with spoofing and engaging in a manipulative and deceptive scheme in the gold […]

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The London Gold Fix: A Brief Guide

By Paulina Likos for Gainesville Coins ……   Administered by the London Bullion Market Association (LBMA), the London Gold Fix is considered the authority on gold and precious metal valuations. It is the process for how daily prices for gold, silver, and other precious metals are set. The London Gold Fix is established based on […]

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Hoarding Gold or Silver

By Allen Rowe  –  Northern Nevada Coin ………. Hoarding gold is part of life for more than many think. Recently in our local news was an unassuming man who passed away with over seven million dollars worth of gold coins in his house. In this case the gold was stored in ammo cans stashed in […]

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Hoarding Gold or Silver

By Allen Rowe  – Northern Nevada Coin ……   Hoarding gold is part of life for more of us than many people think. A while back in our local news was an unassuming man who passed away with over seven million dollars worth of gold coins in his house. In this case, the gold was stored […]

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First-Ever Bullion Coin From Sierra Leone Features the Lion

Limited to 5,000 Fine 999 Silver Reverse Frosted Fine 999 Gold Bullion Sold Out! The Pobjoy Mint is delighted to announce the release of a new 2022 Silver Reverse Frosted Bullion Coin featuring the Lion, King of the African Savannah. The coin is the FIRST of its kind issued on behalf of the Bank of […]

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Biden and G7 Ban Russian Gold Imports

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 […]

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Former LAX Cargo Handler Sentenced to Prison for Stealing Gold Bars

By United States Attorney’s Office, Central District of California ……   A former cargo handling company employee at Los Angeles International Airport (LAX) was sentenced on Monday, June 27, 2022, to 12 months in federal prison for stealing four gold bars that were part of a larger shipment headed from Australia to New York. Marlon […]

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One Ounce Gold Oban Ingots Offered in Stack’s Bowers Precious Metals Auctions

In April 2021, Stack’s Bowers Galleries sold an incredibly rare Tenshō-era ca. 1588 Japanese Oban for $1.9 million USD, more than doubling the pre-sale high estimate. Offered as part of the $19.2 million Pinnacle Collection in the firm’s April Hong Kong Auction, this Oban set a world record for the most valuable Japanese coin ever […]

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Watch Better Caul Saul Actor Jonathan Banks Portray Coin Shop Burglar on Sanford & Son

Actor Jonathan Banks is best known for playing Mike Ehrmantraut, a hard-as-nails ex-cop turned criminal, who served as the head of security for drug lord Gustavo Fring (Giancarlo Esposito) in the hit A&E television dramas Breaking Bad and Better Call Saul. A noted character actor, in the fourth episode of the second season of the […]

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Royal Canadian Mint Launches Klondike-Themed Gold Bullion Coin at PDAC 2022

The Klondike Gold Rush, a turning point in Canadian mining history, and the prospecting methods used to find gold first discovered in Yukon’s famed Bonanza Creek in 1896, are being remembered on a new Royal Canadian Mint 99.999% (5-9s) pure gold bullion coin. This new issue, illustrating the operation of a traditional sluice box, is […]

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Numismatic Crime – Coins and Currency Stolen From Mail

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… USPS: Coins Stolen in Transit – California to Louisiana On May 16, 2022, a package was sent Priority Express mail from California to Hammond, Louisiana. On May 18, 2022, the package was delivered to the recipient with the package cut open, re-taped, […]

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Netherlands to Issue 2022 Gold Ducats by Reservation Only

Orders Accepted Until May 27. After That Date, Mintage Will Be Set & Reservations Can No Longer Be Guaranteed   By Coin & Currency Institute …… The Dutch Gold Ducat and Double Gold Ducat are appearing in another variation of their traditional, classic design for their 2022 issue from the Royal Dutch Mint. The first […]

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Gold Maple Leaf

By Tyler Rossi for CoinWeek ….. Approved in 1978 by an act of the Canadian Parliament, the Royal Canadian Mint issued the world-famous gold Maple Leaf bullion coin a year later in 1979. Initially, the metal in this highly popular bullion coin was set at 99.9% purity. At its release, the Maple Leaf was the […]

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What Do Rising Oil Prices Mean for Gold?

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 […]

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Virginia Bullion Sales-Tax Exemption Extended and Threshold Removed

By National Coin & Bullion Association (NCBA) ……   On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins to June 30, 2025. Under the previous law, the exemption would have expired on June 30, […]

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Federal Court Orders Precious Metals Traders to Pay Penalties for Spoofing

Commodity Futures Trading Commission (CFTC) ……   The Commodity Futures Trading Commission (CFTC) today announced that Judge Steven C. Seeger of the U.S. District Court for the Northern District of Illinois issued final judgments and consent orders against James Vorley and Cedric Chanu, former precious metals traders, for spoofing and engaging in a deceptive or […]

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Heritage Auctions to Offer Rare Gold Ingots From ‘Ship of Gold’

Justh & Hunter ingot is largest recovered specimen from Marysville branch Who among us hasn’t dreamed of recovering sunken treasure? Read one story about exploring uncharted waters and recovering the treasures hidden below, and the idea inevitably comes to mind. Imagine how life would change … For some, the notion of recovering sunken treasure is […]

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What the Russian Gold Bill Means

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 […]

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2022 U.S. Mint American Eagle Gold Proof Coins on Sale March 17

The United States Mint is pleased to announce the sale of the 2022 American Eagle Gold Proof Coins beginning on March 17 at noon EDT. Orders are limited to one coin per household for the first 24 hours from the on-sale date and time. Struck in 22-karat gold at the West Point Mint, these popular […]

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Numismatic Crime – Help Identify Suspects in Gold Coin Theft

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Suspects in Theft of Gold Kruerrands The two females pictured above are responsible for the theft of gold coins from a shop in Fort Oglethorpe, Georgia. The suspects entered the store and wanted to buy gold one-ounce Kruggerands for a wedding. The […]

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2022 Could Be “Year of Sound Money” in States

By Jp Cortez – Money Metals Exchange …… Last year was a good year for state-level sound money legislation across the United States. 2022 could be even better. Building on the success enjoyed by sound money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls […]

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CEO of Florida Armored Transport Company Pleads Guilty in Dirty Gold Scheme

By United States Attorney’s Office, Southern District of Florida ……   Jesus Gabriel Rodriguez, Jr., 45, former CEO of Transvalue, a South Florida company that transported gold, cash, and other valuables by armored truck, pled guilty yesterday to submitting false customs documents that hid the true origin of gold being imported into Miami as part […]

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Why the Charlotte and Dahlonega Mints Were Built – Part 1

  By Victor Bozarth for PCGS …… Despite being here for nearly 300 years, no quantifiable gold was ever located by early European explorers in the land that became the continental United States. Virtually all discovery missions to the New World by European powers in the 15th and 16th centuries were funded with the hope […]

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Oklahoma to Consider Holding Gold and Silver, Removing Income Taxes

By Jp Cortez – Money Metals Exchange …… On Thursday, January 20, an Oklahoma state representative introduced legislation that would enable the State Treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver. Introduced by State Representative Sean Roberts (R-36), HB 3681 would include physical gold and silver, […]

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Gold Dealers Sentenced for Financial Crimes and Gun Crimes

By United States Attorney’s Office, Southern District of California …… Global Gold Exchange, LLC and its managers, Richard M. Owen, James Warren, and Jeffrey Morrow, were sentenced in federal court on Friday, December 3 for committing multiple financial and firearms crimes, including laundering money through their unlicensed money transmitting business by falsely reporting transactions as […]

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Heritage to Offer Largest Justh & Hunter Gold Ingot From ‘Ship of Gold’

The gold brick is too heavy to lift easily or gracefully – something about molecular density making it much heavier than its 54 pounds, but also, perhaps, something to do with the history it carries. Its tale began some 170 years ago in Northern California, the El Dorado of the American West that beckoned hunters, […]

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GreatCollections to Offer 95oz Kellogg & Humbert Gold Ingot From SS Central America

A 95.83-ounce Kellogg & Humbert gold ingot recovered from the wreck of SS Central America auctioned by GreatCollections (GC) sold on November 21 for $239,062.50. The backstory of the ingot is steeped in the history of the California Gold Rush. John Glover Kellogg and Augustus Humbert formed an assaying business in San Francisco in 1854, […]

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The Coin Analyst: California Coin Dealer Discovers Major 2021 Gold Eagle Error Coin

By Louis Golino, special to CoinWeek ….. Gerald Medel, owner of Lakeside Coins in El Cajon, part of San Diego County, California, recently made the most exciting coin discovery of his 17 years in the business: a major new modern U.S. gold error coin – the stuff that numismatists’ dreams are made of, the first […]

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PCGS Certifies 1/4 oz 2021 Type 2 American Gold Eagle Bullion Coins With “W” Mint Marks

Submitted by GreatCollections, the Type 2 Reverse bullion coins with West Point mint marks were found by Gerald Medel and are now classified as Unfinished Proofs   Professional Coin Grading Service (PCGS) has authenticated and certified 61 regular-issue Type 2 Reverse quarter-ounce American Gold Eagle bullion coins mistakenly struck with a West Point “W” mint […]

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Royal Mint to Turn Phones Into Gold With First Sustainable Precious Metal Technology

Pioneering new technology will enable The Royal Mint to recover precious metals from discarded electronic devices such as mobile phones and laptops Provides a source of high-quality precious metals while offering a solution to significant and growing environmental challenges Forms part of The Royal Mint’s reinvention and helps secure a future as a leader in […]

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Perth Mint Coin Profiles – Australia 2022 Kangaroo Gold Bullion Coins

*Please Note: Some sizes may not be available at launch on November 15. The Perth Mint will advise available sizes closer to the release date.   An iconic product of The Perth Mint, the gold Australian kangaroo bullion coins are a striking tribute to Australia’s most recognizable animal. Issued as Australian legal tender, each coin […]

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New Reverse Frosted Gold and Silver Bullion Coins Feature Historic Clipper Cutty Sark

The Pobjoy Mint is thrilled to announce a new bullion coin range for 2021 featuring the famous clipper ship Cutty Sark. The coins have been issued on behalf of the British Indian Ocean Territory and are available in the following options – all with a stunning reverse frosted background. The range includes: Reverse Frosted Silver […]

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Perth Mint Coin Profiles – Australian Kangaroo 2021 2oz Gold Proof High Relief Coin

The Perth Mint is pleased to present this stunning 2oz gold Proof high-relief coin featuring the latest kangaroo design. Each coin is struck by The Perth Mint from 2oz of 99.99% pure gold in Proof quality and issued as legal tender under the Australian Currency Act 1965. The Perth Mint will release no more than […]

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Recent Chinese Gold Buying and Its Implications for Future Gold Prices

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 […]

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US Mint Opens Sales for American Liberty High Relief Gold Coin August 19

The United States Mint will accept orders for the 2021 American Liberty High Relief Gold Coin beginning on August 19 at noon EDT. Each coin contains one ounce of 99.99 percent fine, 24-karat gold. Mintage is set at 12,500 coins, with orders limited to one per household for the first 24 hours of sales. American […]

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Collecting Strategies: The Financially Painless Way To Collect Gold Coins

By Al Doyle for CoinWeek ….. The appeal of gold is universal, and it has nothing to do with the state of one’s finances. A desire to own the metal coupled with a small budget can be especially frustrating, but there are ways to play the gold game without large sums of cash. Even though it hasn’t been […]

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Queen Elizabeth II’s 95th Birthday Celebrated on New Gold & Silver Proof Coins From Perth Mint

2021 marks the 95th birthday of Her Majesty Queen Elizabeth II. This incredible milestone is an opportunity to celebrate the sovereign’s remarkable longevity, her time as head of state, and her undiminished devotion to duty as she continues to carry out a program of royal engagements at a pace inconceivable to most people of her […]

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CEO of Florida Armored Transport Company Charged in Multimillion Dollar Dirty Gold Money Laundering Conspiracy

By United States Attorney’s Office, Southern District of Florida …… South Florida federal prosecutors have charged a Miami-Dade County business owner with facilitating a $140 million transnational illicit gold smuggling operation aimed at laundering cash with alleged ties to criminal activity. According to the criminal complaint affidavit unsealed on June 22, Jesus Gabriel Rodriguez, Jr., […]

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How Much is a 2020 Tokyo Olympics Medal Worth

Precious Metals Wholesaler Dillon Gage Metals Unveils Olympian Gold and Silver Secrets   By Dillon Gage Metals …… This year, one of the world’s largest precious metals wholesale trading firms, Dillon Gage Metals, is sharing secrets behind the globally recognized Olympic medals athletes train so hard to obtain. The value of an Olympic medal is […]

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Cargo Handlers at LAX Plead Guilty to Stealing Four Gold Bars Headed From Australia to New York

By United States Attorney’s Office, Central District of California …… Two cargo handling company employees who worked at Los Angeles International Airport (LAX) each pleaded guilty today to a federal criminal charge for stealing four gold bars that were part of a larger shipment headed from Australia to New York. Marlon Moody, 38, and Brian […]

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Gold Bullion Spotlight: The South Africa Krugerrand

By Jay Turner for PCGS …… South Africa 1967 Krugerrand PCGS MS67 The modern bullion coin market wouldn’t exist without the forerunner that, at one point, was the world’s most traded bullion unit: the South African Krugerrand. While bullion gold was quite common prior to the Krugerrand’s introduction in 1967, the coin’s convenient one-ounce form […]

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Perth Mint Issues Chinese Myths and Legends Dragon 2021 2oz Gold Proof High Relief Coin

The Perth Mint has just released a 2oz gold Proof high-relief coin featuring the most revered animal in Chinese culture, the mythical dragon. Traditionally regarded as a symbol of the emperor, the Chinese dragon is admired as benevolent, noble, and a potent symbol of abundance and good fortune. It is serpentine in appearance and shaped […]

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Royal Australian Mint Issues Mini Koala $2 Half Gram Gold Coin

By Royal Australian Mint ……   The Mini Koala – 2021 $2 half gram gold Frosted Uncirculated coin features one of Australia’s most recognizable and distinctive marsupials, the koala. Koalas inhabit coastal regions of eastern and southern Australia and live mostly on eucalypt leaves. Disease and loss of habitat have reduced populations and koalas are […]

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Final Coin in Big Cats of the World Half Gram Gold Series Features the Cougar

Issue Limit of Only 199 Coins   The Pobjoy Mint is delighted to announce the release of the fifth and final coin in the Big Cats of the World series featuring the cougar. This stunning series is issued on behalf of Sierra Leone, produced in magnificent Half Gram Gold to truly capture the power of […]

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United States Mint Releases Flagship Video Honoring American Eagle Coin Program

New video highlights an important milestone in the Mint’s signature coin program On Monday, June 21, the  released a video celebrating the 35-year anniversary of its world-renowned American Eagle coin program. The video also highlights a new era in the Program—the release of redesigned American Eagle Gold and American Eagle Silver coins in 2021. Secretary […]

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Four Sentenced for Advanced Fee Scheme That Promised to Turn Dirt Into Gold

Defendants Defrauded 140 Victims of More Than Eight Million Dollars   By United States Attorney’s Office, District of Utah ……   Marc Tager, Jonathon Shoucair, Matthew Mangrum, and Kenneth Gross have all been sentenced for their role in an eight million dollar telemarketing fraud scheme that promised investors, most of them elderly, that their business […]

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Rare Error Coins Emerges From Somalia Elephant Series

German coin dealership Emporium Hamburg has announced that an error coin has emerged from its own 2014 series of 1/50-ounce ‘Somalia Elephant’ bullion coins. This error coin can only be identified as such when placed on precision scales. The piece does not weigh 0.62 g, but 0.5 g, a difference that is not visible to […]

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Gold Bullion Spotlight: The Other Vintage Bullion Mexican Coinage

By Jay Turner for PCGS …… A previous Gold Bullion Spotlight featuring the popular Mexico Centenario coinage offers a look at one of the most popular types of Mexican gold coins from yesteryear. Yet several other vintage coins from Mexico also trade at or very close to their bullion value. Here we will highlight these […]

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Netherlands to Issue 2021 Gold Ducats by Reservation Only

Orders Being Accepted Until May 27 When Mintage Set, Reservations No Longer Guaranteed   By Coin & Currency Institute …… The Dutch Gold Ducat and Double Gold Ducat are appearing in another variation of their traditional, classic design for their 2021 issue from the Royal Dutch Mint. The first Gold Ducat with the legendary standing […]

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Royal Australian Mint Issues New Investment Coins Featuring Dolphin, Southern Skies

Fraser’s Dolphin Gold and Silver Investment Coins These coins are the third installment in the Royal Australian Mint’s ‘Australian Dolphin Series’ and feature the Fraser’s Dolphin (Lagenodelphis hosei), discovered by Francis Fraser in 1956. Complete with a Brilliant Uncirculated finish, both the gold coin and the silver coin’s reverse depicts two Fraser Dolphins as designed […]

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CoinWeek Podcast #156: Money & Race: An American Story

 CoinWeek Podcast #156: Money & Race: An American Story Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. In the pageant of American history, some things aren’t negotiable. In this episode of the CoinWeek Podcast Charles and Chris talk to author and historian Michael […]

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Bid by Percentage in the Stack’s Bowers April 2021 Precious Metals Auction

Pre-Sale Bidding Ends Wednesday, April 21 Click Here to Place Your Bids   Stack’s Bowers Galleries is proud to present their April 2021 Precious Metals Auction, a new auction platform for buying bullion with no buyer’s fees. The interest in bullion has seen a steady increase over the past several years, as interest in this […]

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Blanchard Sells Four SS Central America Gold Ingots in Five Days

Blanchard Gold marked numismatic history with its recent sales of six SS Central America gold ingots, which include the broadest collection of gold bars from five separate California Gold Rush era assayer offices assembled in years. Investors snapped up the rare SS Central America gold ingots immediately once they became available, demonstrating the outsized demand […]

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Gold Bullion Spotlight: Mexico Centenario Coins

By Jay Turner for PCGS …… A favorite coin for many bullion collectors, especially in the United States, is the Mexico Centenario coin. The series started in 1921 as a commemorative for the Centenario, or 100th anniversary, of Mexico’s independence from Spain. The series, featuring 16 dates with optional overdate and restrike varieties, is a […]

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Oregon $5 Territorial Gold Beaver Coins: Move Over, Pelts and Furs

By Blanchard and Company, Inc …… In the Oregon Territory during the California Gold Rush years – one important thing was missing – there was no official currency. Instead, settlers, trappers, farmers, sailors, and merchants relied upon barter to conduct their business in the Pacific Northwest. And those with a zest for risk-taking chose to […]

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Gold Market Newsletter – Gold Remains Defensive

Commentary for Monday, March 5, 2021 (www.golddealer.com) By  Richard Schwary of California Numismatic Investments Inc …… Gold closed down $2.20 today at $1698.00 continuing to struggle at a 9-month low. It appears that the bears hold all the cards, but my sense is that this market is oversold or close to oversold. And I would […]

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Bid on Gold and Silver With Stack’s Bowers Galleries Precious Metals Auctions

Amid volatility in conventional investments, the popularity of hard assets like gold and silver bullion has never been greater. As a result, financial services firm Goldman Sachs has recently announced targets of $2,300 per ounce for gold and up to $33 per ounce for silver. At the same time, increased demand has drained the inventories […]

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Bid by Percentage in the Stack’s Bowers Jan. 2021 Precious Metals Auction

Bidding Ends Wednesday, January 13 Click Here to Place Your Bids   Stack’s Bowers Galleries is proud to present their September 2020 Precious Metals Auction, a new auction platform for buying bullion with no buyer’s fees. The interest in bullion has seen a steady increase over the past several years, as interest in this historically […]

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Year of the Ox Investment Series From Royal Australian Mint

By Royal Australian Mint …… The year 2021 marks the Lunar Year of the Ox and to celebrate, the Royal Australian Mint is proud to present these stunning investment coins, the second in its Lunar Investment Series. In 2021, the 1oz investment coins are complemented by the addition of two new weights in gold, offering […]

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CoinWeek Podcast #237: The Gold Standard in Kubrick’s The Shining

  CoinWeek Podcast #237: The Gold Standard in Kubrick’s The Shining Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. * * * Numismatics can pop up anywhere and in this episode of the CoinWeek Podcast, we take a very unexpected turn and discuss one […]

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NGC Special Designations, Labels for End of WWII 75th Anniversary Gold, Silver Eagles

Get ready for two exciting United States Mint releases on November 5: a 2020-W Proof Gold Eagle and a 2020-W Proof Silver Eagle, both with a V75 privy mark commemorating the 75th anniversary of the end of World War II. The privy mark — unusual for US coins — and an extremely low mintage of only 1,945 for […]

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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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The Coin Analyst: American Silver and Gold Eagles – A Collector’s Guide for Beginners

By Louis Golino, special to CoinWeek ….. Even if you are new to collecting coins, you most likely have already heard about and seen American Silver Eagles and perhaps also know they have gold counterparts, American Gold Eagles. Those coins are at the very heart of the modern coin market today and of modern American […]

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The Coin Analyst: American Silver and Gold Eagles – A Collector’s Guide for Beginners

By Louis Golino, special to CoinWeek ….. Even if you are new to collecting coins, you most likely have already heard about and seen American Silver Eagles and perhaps also know they have gold counterparts, American Gold Eagles. Those coins are at the very heart of the modern coin market today and of modern American […]

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The Wreck of Brother Jonathan Still Keeps Its Secrets

By Blanchard and Company, Inc …… On a Sunday morning in 1865, a paddle steamer called Brother Jonathan departed Crescent City Harbor, California. The ship was the idea of Edward Mills from New York. His original aim was to create a route from New York to Chagres, Panama as the first leg of a two-leg […]

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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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United States Mint Unveils New American Silver Eagle, Gold Eagle Coin Reverse Designs

New designs will be featured on bullion and collectible coins in 2021   On Thursday, October 1, the United States Mint unveiled new reverse designs for bullion and collectible versions of American Eagle Gold and Silver Coins. 2021 marks the 35th Anniversary of the American Eagle coin program, and the new designs will begin appearing […]

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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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Gold Markets – Gold Surprises Higher

Gold Market Commentary for Thursday October 1st, 2020 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $20.90 at $1,908.40 today in another surprising shift to the upside.  It would seem that just when the bears think the “end is nigh” gold shifts gears and moves in the opposite direction. […]

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American Gold Eagles – A Brief History and Current Values

By Bullion Shark LLC …… Although the American Gold Eagle program debuted in 1986 like the American Silver Eagle, it was established under a different 1985 law than the silver coins. The Gold Bullion Act of 1985 that authorized the minting of American gold investment coins in four sizes (1 ounce, ½ ounce, ¼ ounce, […]

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JPMorgan Ordered to Pay Record $920 Million for Precious Metals Spoofing, Manipulation

Commodity Futures Trading Commission (CFTC) ……   The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against JPMorgan Chase & Company (JPMC & Co.) and its subsidiaries, JPMorgan Chase Bank, N.A., and J.P. Morgan Securities LLC (JPMS) (collectively JPM), for manipulative and deceptive conduct and spoofing that spanned at least […]

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Impressive Justh & Hunter Ingot From SS Central America at Stack’s Bowers

Justh & Hunter Gold Ingot. San Francisco Serial No. 4244. 144.25 ounces, .886 Fine Face Value in 1857 of $2,641.96 Approximately 95 x 55 x 47 mm By Stack’s Bowers Galleries …… A large and handsome bar from this firm’s San Francisco office in a narrower and shorter, but double-thick format, poured into Mold J&H […]

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Charity Auction Grabs Headlines

If you look at the business of coins, it appears there are two well-defined sectors that are now going in totally different directions. Prices are consolidating, which is never a good thing be it for stocks, bonds, precious metals, commodities or for collector and investor-oriented coins. Intrinsically valued circulation-strike coins, gold and silver American Eagles are impacted directly by this trend towards consolidation

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Gold Coins From Around the World Star in Künker Auction 340

Künker Gold Auction 340 by Künker GmbH …… Dear bidders and coin enthusiasts, Yes, gold is a very special material. It is the most ductile metal we know of. From a single gram of gold, a wire of two kilometers can be drawn. Humankind made use of this to gild all sorts of items with […]

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CoinWeek Podcast #141: Precious Metals in Antiquity (with Mike Markowitz)

 CoinWeek Podcast #141: Precious Metals in Antiquity (with Mike Markowitz) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. Today on the Coinweek Podcast, CoinWeek Ancient Coin Series expert Mike Markowitz returns this week for another solo show. In this episode, Mike takes a […]

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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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How and Why Gold Became the Most Important Metal for Coins

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 […]

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Legend Coin Hot Topics and Market Report – It’s Crazy Out There

By Laura Sperber – Legend Numismatics ……   Click Here to Check Out Regency Auction 40   NEVER SAW THIS ACTIVITY PATTERN BEFORE Anyone have a hoard of circ $20 Libs? We’re talking five to 10,000 coins. They can be raw too. How about PCGS MS65 and 66 Saints all CAC-approved, also? We are now […]

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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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Jim Bisognani: How Are New Highs for Gold Affecting the Coin Market?

Numismatic experts weigh in on the “gold rush” of 2020   By Jim Bisognani – NGC Weekly Market Report …… Gold trading above $2,000 is truly a significant milestone — one that finds the precious metal enjoying a huge amount of attention in the mainstream media. Many veteran numismatists knew this lofty summit would be […]

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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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Precious Metals’ Soaring Prices Drives Buyers

By Patrick A. Heller
Have you heard the adage of “be careful what you wish for as you may get it?” That certainly applies to people who purchase precious metals in anticipation of soaring prices.
If the prices of gold, silver, platinum, and palladium rise significantly, these moves would not occur in a vacuum

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Buying and Selling Gold Bullion Coins

From the Aug. 7 Numismatic News e-Newsletter
Have you bought or sold gold bullion coins during this modern-day “gold rush?” Why or why not?
Here are some answers sent from our e-newsletter readers.
 
No

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Risks of Having ‘Unallocated Storage’ in IRAs

By Patrick Heller 
Virtually all Americans who have self-directed Precious Metals Individual Retirement Accounts (IRAs)  have chosen the less expensive form of “unallocated storage” in vaults for their holdings in these IRAs.
As we learned during the bankruptcy of MF Global during the Great Recession, unallocated storage means you don’t own real gold and silver. In unallocated storage, you have a claim against the assets of the operator of the storage vault, who is the party who has title to the gold and silver that you think you own

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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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CFTC: Beware of Gold and Silver Schemes Designed to Drain Your Retirement Savings

By Commodity Futures Trading Commission (CFTC) …. The Commodity Futures Trading Commission (CFTC) advises the public not to take cash from their retirement plans under relaxed distribution rules provided in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to speculate or invest in gold, silver, or other precious metals without first consulting licensed […]

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What Are Bullion Coins?

By Jay Turner for PCGS …… There is a significant share of numismatics and the coin market that is driven by one factor: the metallic value of the coin. These coins that follow the fluctuation of metals markets are considered bullion coins. Bullion coins can consist of precious metals such as gold, silver, platinum, and […]

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Jeff Garrett: Numismatics and the Precious Metals Boom

With gold and other metals continuing to soar in value, more attention is being paid to tangible assets, including rare coins   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Precious metals–gold in particular–are in the news almost daily. This week, gold reached a new high of very nearly $2,000 USD per ounce. Prices […]

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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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What Gold Could Do in the Second Half of 2020 – Blanchard and Company

By Blanchard and Company, Inc ……   Uncertainty has long been the default outlook of investors. The present, however, represents both uncertainty and volatility not commonly seen in the markets. COVID-19 cases continue to climb, geopolitical events develop on an hourly basis, and markets are wavering. These factors, which are likely to remain in flux […]

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Gold Trading Breaks Records, Could Reach Higher Targets Dillon Gage President Says

By Dillon Gage Metals …… Spot gold surged to an all-time record above $1,900 USD an ounce early Monday on Comex, and silver hit a seven-year high, as the dollar tumbled. The yellow metal touched $1,946.90 an ounce, taking out the record $1,921.17 for spot bullion set in 2011. The dollar fell to near a […]

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Modern $5 Gold – Even on a Budget

By Mark Benvenuto
The United States Congress brought a commemorative coin program back to life in 1982 in a quiet, almost simple sort of way. They authorized a single half-dollar coin honoring the 250th anniversary of the birth year of President Washington. The next year saw an explosion of commems, all aimed at the 1984 Olympic Games held in Los Angeles

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How High Will Silver Go?

By Richard Giedroyc
Silver broke through the $21 an ounce barrier as this commentary was being written, so how high will silver go? Is it really the poor man’s gold? There really isn’t anything further to say that the spot price of silver can’t say for itself. Bullion and bullion-impacted coins continue their upward trend. This, in turn, is grabbing the attention of investors while the general public begins once more to check their change to see if they get lucky

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‘Bogus Stella’ Case Investigated

Obverse and reverse of the counterfeit 1879 Coiled Hair $4 Stella that is jointly being investigated by the Anti-Counterfeiting Educational Foundation and federal and local California law enforcement agencies. (Images courtesy Ryan Moretti.)
Acting on a tip from the Anti-Counterfeiting Educational Foundation (ACEF), federal and local California law enforcement agents are now investigating the attempted sale of $400,000 of counterfeit coins including a fake example of the historic 1879 Coiled Hair gold $4 “Stella” that brought $300,000 at auction last year, the agency announced in a July 14 statement

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Does A Gold Currency Make Sense?

Gold coins have circulated for thousands of years. Using gold in coins for payment purposes has a great combination of advantages—durability, portability, standardization, relative ease of production, and others. One limitation of using gold coins for commerce, however, has been that it was most practical for face-to-face transactions

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Coins with Intrinsic Value in High Demand

By Richard Giedroyc
Could prices for key date and ultra-high condition certified coins be ready for a dramatic increase? Dealers have been recently indicating there is a shortage of quality coins that aren’t what I would term “recycled stuff.” It can be argued that many of the better coins are in strong financial hands, however, it can also be argued demand is simply outstripping supply in much the same fashion as is being experienced in the bullion and bullion-impacted sectors of the coin market.
This is the type of problem we all may welcome, that is unless you have been putting off buying some special coin

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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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Fundamentals for Gold Still Strong – Good for Rare Coins

When gold and silver prices rise, many bullion buyers eventually also begin purchasing rare gold coins, advises award-winning writer Michael Fuljenz   By Mike Fuljenz – 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 […]

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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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Coin Clinic: Mint Didn’t Learn High Relief Lesson

By Richard Giedroyc
Since the U.S. Mint had so much trouble striking Ultra High Relief double eagles in 1907, why did they once again attempt to strike very high relief coins in 1921, these being the Peace dollars?
Since when has the United States government ever learned from its past mistakes? This is the same government that produced the unsuccessful 20-cent coin, then introduced the equally unsuccessful Susan B

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Coin Market Healthiest It’s Been in Years

By Richard Giedroyc
Gold continues to trade in a reasonably tight range while silver continues to dramatically underperform gold. You might not see this if you follow the demand for silver American Eagle and bullion-impacted silver coins. Demand continues to outstrip supply for both gold and silver composition coins, both older issues and those being generated by the U

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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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MintID Announces World’s 1st NFC-Protected Precious Metal Products

MintID was created to solve the problem of counterfeiting in the precious metals space. But until now, investors have been plagued with the uncertainty of whether or not the products they own are actually genuine. By embedding AES-128-bit encrypted and tamper-proof NFC chips directly at the source, customers can authenticate their investments in real time […]

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Federal Reserve Websites Document Inflation Of The Money Supply

By Patrick A. Heller 
The US government and Federal Reserve Bank are inflating the money supply, which reduces the value of the US dollar. Two Federal Reserve online reports document the scope of this inflation

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Dillon Gage, CACHE Form Alliance for Gold-Backed Tokens

By Dillon Gage …… Singapore-based CACHE Private Limited, a provider of fully-redeemable digital assets backed by gold, and Dallas-based Dillon Gage, a world leader in physical precious metals trading and technology, announced today that they have entered into a strategic global alliance. Dillon Gage Inc. of Dallas has acquired an equity stake in CACHE and […]

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CoinWeek Podcast #132: The Gold Market in a Time of Crisis (with Kitco’s Peter Hug)

  CoinWeek Podcast #132: The Gold Market in a Time of Crisis (with Kitco’s Peter Hug) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, precious metals expert Peter Hug joins me to share his insights into the current […]

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Did The London/New York Markets Default On Gold Deliveries?

By Patrick A. Heller 
On Tuesday, March 24, two different bullion wholesalers told us that the London Bullion Market Association, the world’s largest gold market, was not delivering any gold to settle maturing contracts that had been called for delivery of the physical metal.
While this cessation of delivery was accurate, there were multiple possible explanations as to what occurred, each of which avoided terming the non-delivery of gold as a “default” by the exchange

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Bid by Percentage in the Stack’s Bowers March 2020 Precious Metals Auction

Auction Ends Thursday Evening, March 12   Stack’s Bowers Galleries is proud to present their Precious Metals Auctions, a new auction platform for buying bullion with no buyer’s fees. The interest in bullion has seen a steady increase over the past several years, as interest in this historically stable investment category grows. Bullion is available […]

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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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GoldDealer.com Market News: Gold Heats Up – 7 Year Highs

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 […]

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Dillon Gage Explains Coronavirus Impacts on Gold

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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Dillon Gage explains coronavirus impacts on gold

Gold expert explains why gold performs well in times of uncertainty
Addison, Texas (February 21, 2020) 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 an ounce and up.
Gold is considered a safe-haven asset, attracting investors around the world in times of economic or geopolitical uncertainty

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The S&P Global Market Report and the Future of Gold Mining

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 […]

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CoinWeek Podcast #127: Coin Market Point/ Counterpoint (with Scott Travers)

 CoinWeek Podcast #127: Coin Market Point/ Counterpoint (with Scott Travers) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, our guest is the legendary promoter of coin collecting, Scott Travers. I have known Scott for several years and […]

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CoinWeek Podcast #127: Coin Market Point/ Counterpoint (with Scott Travers)

 CoinWeek Podcast #127: Coin Market Point/ Counterpoint (with Scott Travers) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, our guest is the legendary promoter of coin collecting, Scott Travers. I have known Scott for several years and […]

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Rising Precious Metals Pricing and How It’s Affecting the Market

Precious Metals By Bullion Shark LLC …… Every single group of precious metals has been on the move lately. That includes gold, silver, platinum, palladium and rhodium. Precious metal investors are thrilled, and hype in the market is starting to show. Since the metals hit their heights in 2011, we have not since seen the […]

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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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Retail Market Survey: Gold is Good

by Patrick A. Heller 
Last week, the World Gold Council released a different survey on the retail gold market. A total of 18,000 people were surveyed, 2,000 investors each in Canada, China, Germany, India, Russia, and the United States and 2,000 jewelry buyers each in China, India, and the U

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Market Decline Indicates Good Time to Buy

By Richard Giedroyc
The spot price of both gold and silver are once more declining at the moment this commentary is being written.  If you watch the price of coins for investment purposes, this is where you should buy on the dip, then sell once the price has recovered to some target value you set for your portfolio. Yes, this makes sense

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Canada Strikes First-Ever Pure Gold, Silver Collector Coins

For the first time since it opened its doors 43 years ago, the Royal Canadian Mint’s Winnipeg facility has struck pure gold and fine silver numismatic coins. These special collectibles are the product of what the Mint calls “a unique marriage of expertise” between Winnipeg and Ottawa employees who joined forces to create “made in Manitoba” tributes to the RCM’s world-renowned Maple Leaf bullion coins.
Effective Dec

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Wyoming, Texas, Utah Top 2019 Sound Money Index — Vermont, Arkansas, New Jersey Among the Worst States

Precious Metals Dealer, Sound Money Group Rank the 50 States’ Gold and Silver Policies   By Money Metals Exchange …… “Is Your State Destroying Your Money?” asks the Sound Money Defense League and Money Metals Exchange with the release of the 2019 Sound Money Index. The index is the first index of its kind, ranking […]

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‘Paper’ Gold Can Be Risky Business

Owning “paper” gold is not the same as possessing physical gold. Even though prices of both forms of gold-ownership are currently the same, they will not necessarily be equal down the road.
By paper gold, I include all forms that are not having direct custody in your hands or stored in a vault under your own name

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The Biggest Gold Heists of All Time, Part II

By Alan Carr – BuyGoldOnline.io – Original Article …… Link to Part I The Summer Bliss Robbery (2012) – 216 kg Gold Bars On November 30, 2012, masked men in police jackets boarded the Summer Bliss fishing boat in Curaçao and stole 70 gold bars weighing a total of 216kg. Estimated worth of the haul: […]

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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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Golden Giveaways Mark Five Years of The Royal Mint Precious Metals Platform

Nicola Howell, Director of Precious Metals at The Royal Mint commented: “We are delighted to celebrate five years since the launch of our UK precious metals platform for investors and have seen a 38% compound annual growth in demand for precious metal investment products since 2014. “With 1,100 years of heritage, The Royal Mint has […]

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The Biggest Gold Heists of All Time, Part I

By Alan Carr, Buy Gold Online… The fame and fortune that is associated with a gold bullion heist are, for most of us, in the realms of our deepest and darkest fantasies. Nevertheless, the thought of living in riches and never having to work again has seduced some individuals to try their luck at stealing […]

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Must-Know Tips to Avoid Gold Scams

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, the Professional Numismatists Guild advises in a statement issued Nov. 4.
PNG is a non-profit organization of many of the country’s top rare coin and bullion coin experts

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PNG: Must-Know Tips to Avoid Gold Scams

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, advises the Professional Numismatists Guild (PNG), a nonprofit organization of many of the country’s top rare coin and bullion coin experts. In recent months, law enforcement officials in […]

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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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Gold And Silver Promote Peace

No one knows for certain how the concept of “money” originated.  There have been various theories posited over the centuries.  The idea that I find most sensible is money was created as a means for paying mercenaries, soldiers from one land who were paid to fight for leaders of another land

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Morgan Stanley, Mitsubishi to Pay Almost $2 Million for Spoofing Precious Metals Futures

By Commodity Futures Trading Commission …… On Tuesday, October 1, the U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or […]

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Stack’s Bowers Galleries Announces Their Inaugural Precious Metals Auction

Bidding ends Wednesday, October 2, 2019 at 10:00 am PT Stack’s Bowers Galleries is proud to announce their Precious Metals Auctions, a new auction platform for buying bullion with no buyer’s fees. The interest in bullion has seen a steady increase over the past several years, as interest in this historically stable investment category grows. […]

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Dillon Gage Releases New FizTrade Precious Metals Trading App

Precious metals trading-based app gives dealers an alternative to buy, sell and trade 24/7 Dillon Gage – a world leader in physical precious metals trading and technology serving dealers, financial institutions, banks and brokerage houses around the globe – announces its new FizTrade precious metals trading mobile app. Launched in 2000, FizTrade, the award-winning trading […]

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Don’t Be Rushed In New Gold Rush, Veteran Bullion Dealers Caution

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). “The new ‘Gold Rush’ of significantly higher prices this […]

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Don’t Be Rushed In New Gold Rush: Make Wise Choices, Veteran Bullion Dealers Caution

 
The consumer/investor advisory below is distributed on behalf of the Accredited Precious Metals Dealer division of the nonprofit Professional Numismatists Guild. 
 
(Temecula, California) Sept. 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

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New Influx of Fake Gold Bullion Unsettling Investors Around the World

Increasing sophistication of bullion forgeries a concern for the United States Mint as well   By Joshua McMorrow-Hernandez for CoinWeek ….. While the numismatic world combats a growing number of sophisticated counterfeit coins from Asia, another major challenge has arisen for those who deal in gold bars. As Reuters has recently reported, there has been […]

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5 Things to Know as Gold Bull Run Unfolds: Blanchard

Gold Bull Run By Blanchard and Company, Inc ….. 1. Gold is proving its worth as a safe-haven asset In today’s world of stepped-up U.S.-China trade tensions, market-moving tweets, stock market volatility and economic uncertainty, gold is acting exactly as it should – as a safe-haven investment. Investors around the globe are investing in gold […]

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The Failure Of The 1960s London Gold Pool

In July 1944, close to the end of World War Two, delegates from 44 allied nations gathered in Bretton Woods, New Hampshire to recreate an international financial system and establish regulations for it. Two entities were founded in this meeting—the International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IRBD). After this meeting, the General Agreement on Tariffs and Trade (GATT) was later established

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Managers of California-Based Global Gold Exchange Plead Guilty to Money Laundering

By United States Attorney’s Office, Southern District of California …… Global Gold Exchange, LLC and its managers, Jeffrey Morrow and Richard M. Owen, pleaded guilty in federal court on August 2 to multiple financial crimes, admitting that they laundered money through their unlicensed money transmitting business by falsely reporting cash transactions as sales of “gold” […]

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Why Gold’s Price Is Destined To Keep Rising

A number of so-called financial experts are pretending to know why the price of gold is now up 17% and silver 15% since the end of April. Most of them don’t have a clue.
True, the price of gold can be impacted by news events such as the announcement Wednesday last week by the Federal Open Market Committee that it would lower the federal funds interest rate by

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Mexican Mint $2.5 Million Gold Coin Robbery Days After Brazil Gold Heist

Over $2.5 Million in Gold Coins Taken From Casa de Moneda   By CoinWeek News Staff …. Yesterday in Mexico City, two men (one of them armed) robbed a branch of the Casa de Moneda of more than $2 million worth of commemorative gold coins and other valuables. According to the Secretary of Public Security […]

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Two Former Precious Metals Traders Admit To Manipulation at New York Banks

By Commodity Futures Trading Commission …… On Thursday, July 25, the U.S. Commodity Futures Trading Commission issued two orders filing and settling charges against former precious metals traders at separate financial institutions who entered into formal cooperation agreements with the CFTC’s Division of Enforcement and admitted to spoofing and manipulative conduct in the futures markets. […]

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Video: In the Trenches Fighting Counterfeits – with ACEF Director Beth Deisher

  The United States is facing an unprecedented tsunami of counterfeits coming into the country, mostly from China. From name-brand goods to everyday household items, these counterfeits diminish the value of authentic merchandise and put Americans at risk. For coin collectors and gold and silver bullion investors, the threat of counterfeits can lead to a […]

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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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Surge in Interest in Coins Finally at Hand

Consider it a coincidence barometer if you like, but I have recently noticed an uptick in the number of full page ads in local newspapers as well as ads on television where unnamed companies offer to purchase your coins as well as gold and silver in local hotels.
Considering the recent appreciation of gold and silver, followed by the subsequent increase in value of many intrinsic value driven coins, this suggests the surge in interest in coins many of us have been waiting for is finally at hand. These anonymous buyers, of course, offer to buy your coins at ‘up to’ some very staggering figures to encourage you to visit, but these hotel buyers are helping to draw new attention to coins

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Gold price jump has potential for gold-selling scams, experts caution

(Temecula, California) June 26, 2019 — With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer program, a division of the nonprofit Professional Numismatists Guild.
“Don’t make a hasty decision based on slick advertisements

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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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Gold Price Jump Increases Potential for Gold-Selling Scams, Experts Caution

With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (APMD) program, a division of the nonprofit Professional Numismatists Guild (PNG). “Don’t make a […]

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Gold price jump has potential for gold-selling scams, experts caution

(Temecula, California) June 26, 2019 — With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer program, a division of the nonprofit Professional Numismatists Guild.
“Don’t make a hasty decision based on slick advertisements

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Will Gold-Backed Currencies Be Revived?

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 […]

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Bitcoin vs. Gold: 10 Crystal-Clear Comparisons

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 […]

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Market continues to heavily favor buyer rather than seller

“I’m a buyer at these levels,” appears to be a recent frequently repeated statement at many coin shows nationwide. This reflects the lower spot price of gold and silver, which subsequently is impacting the intrinsic value of many collectible coins.
At the same time some dealers are indicating they are having a difficult time purchasing and stocking anything of significance

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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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Be On the Lookout for Stolen Gold Coins

In a release received by Numismatic News on May 13, The Numismatic Crime Information Center (NCIC) has released the following information in an effort to assist a coin shop in recovering stolen coins.
On May 10, 2019 two suspects, male and female, entered Willard Coin Exchange in Mansfield, Ohio and requested to see gold coins from a showcase. While the male suspect looked at the gold, the female browsed in the shop

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Dillon Gage to Supply Gold for Asset-Backed Digital Currency

Singapore-based GoldGram Pte. Ltd., creator of the new asset-backed token GGC GoldGramCoin®, and Dallas-based Dillon Gage, a world leader in physical precious metals trading and technology, today announced that they have entered into a strategic global alliance through which Dillon Gage will supply the physical gold that underlies GGC. GoldGram earlier this week announced its […]

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Gold on the rise

Gold has begun to increase in value as this commentary is being written. Fear is gripping the equity markets as stocks get smoked by the tariff war now being waged between the United States and the Peoples’ Republic of China. The question for coin collectors and tangible asset investors is the same—will this war continue and if so how many people may flee equities for the safe haven not only of bullion, but of scarce to 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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United States and Cooperating Gold Refinery Enter Agreement After Money Laundering Investigation

By Federal Bureau of Investigation …… Miami-based, gold refinery Republic Metals Corporation (RMC) executed a non-prosecution agreement with the United States Attorney’s Office for the Southern District of Florida after cooperating in an investigation focusing on money laundering and violations of the Bank Secrecy Act in the gold importation and refining industry. Under the terms […]

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See the Amazing Eureka Gold Nugget, 2nd Largest Ever Found in Arizona!

Always find time in your day to stop and eat a sandwich. That’s the lesson we learned when we sat with Utah coin dealer Robert Campbell so he could show us this impressive gold nugget that was discovered in a placer mine in the Huachuca mountains of Arizona. The nugget appears in its original form, […]

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Gold & Silver PAC News – April/May 2019: Online Sales Tax Collection

By John Villavicencio for the Gold & Silver PAC ……   Gold & Silver News From the Political Coordinator   April showers bring… taxes The tax filing deadline for 2018 has come and gone, but what do you need to know for your 2019 taxes? If you sell on eBay or do business in California, keep […]

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Oregon Man Sentenced to Seven Years Federal Prison for Defrauding Investors in Ohio Gold Mine

By Federal Bureau of Investigation ……   Harry Dean Proudfoot III, 79, formerly a resident of Tigard, Oregon, was sentenced on Tuesday, April 9, to 84 months in federal prison and three years’ supervised release for running a fraudulent gold mining investment scheme and stealing approximately $4 million from more than 140 investors. According to […]

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MA-Shops: Gold From a Numismatic Perspective

By Joël van Dam – Owner, Joëlnumismatics, for MA-Shops.com …… In this blog, I will discuss the subject of gold from a numismatic perspective. Above all, gold is a chemical element, found in the periodic table with atomic number 79 and the symbol “Au” (from the Latin for gold, aurum). It is a naturally occurring […]

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Bullion & Precious Metals: The Chinese Gold Rush of 2019

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 […]

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Precious Metals Dealer Ordered to Pay More Than $8 Million for Fraud and Misappropriation

By Commodity Futures Trading Commission ….. The Commodity Futures Trading Commission (CFTC) announced on March 4 that a Florida federal court ordered Carlos Javier Ramirez and his companies, Royal Leisure International, Inc. (RLI) and Gold Chasers, Inc. (GCI), to pay restitution and civil monetary penalties for fraudulently soliciting customers to purchase physical gold and misappropriating […]

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Precious Metal News: The Problem With Venezuela’s Gold

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 […]

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Gold Mining Companies Consolidate as Mine Output Diminishes

By Blanchard & Company …… It’s getting prohibitively difficult to source gold deposits. Mining companies are learning that the easy-to-access gold is all but gone. Now, finding gold means greater exploration costs. Even when gold mining concerns make a find the cost of getting the location up to production is exorbitant. Therefore, the mining companies […]

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Precious Metals & Bullion News: Press, Public Criticize India Gold Scheme

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 […]

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Veteran Dealer: Gold’s Fundamentals Never Looked Better

“Gold is starting 2019 with increasing price support and growing demand. I believe gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional […]

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Vienna Philharmonic Bullion Coins Make up Christmas Tree of Pure Gold

By Austrian Mint …… A Christmas tree adorned with the 2018 Vienna Philharmonic, the golden hallmark of the Austrian Mint, caused a sensation in Ginza in Tokyo. This year, we are also bringing it to Munich. The renowned precious metals dealer Pro Aurum, in cooperation with the Austrian Mint AG, is showing the gold tree, […]

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Gold & Precious Metals News – India May Loosen Rules On Bullion Banking

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 […]

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GoldDealer.com Gold Market Report – Gold Ponders Its Future

Commentary for Friday, November 30, 2018 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $3.90 at $1,220.20 today. Still not much happening if you consider that gold closed Monday at $1,229.80. The best aspect, as far as the gold community is concerned is simple and positive. For now the FOMC […]

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Iran Executes “Sultan of Coins” for Hoarding Gold Coins

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 […]

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Error coins not seized

An example of the 2000-P error coin, which has a Washington quarter obverse muled with the reverse of a Sacagawea dollar. (Image courtesy www.pcgs

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APMEX and Sprott Launch Online Marketplace for Digital Gold, Other Precious Metals

OneGold marketplace built to meet the unique needs of precious metal investors, reflecting APMEX and Sprott’s decades of experience and deep knowledge OneGold’s digital gold combines key investment benefits of physical gold with those of blockchain-based digital assets APMEX, Inc. and Sprott Inc. (TSX:SII), leaders in the precious metals industry, have announced the launch of […]

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Buyers return to gold coin market

Many classic American gold coins can be purchased for little more than bullion melt value in current market conditions. These coins combine bullion investment and numismatic interest.
When the price of gold vaulted over $1,200, it sparked a return to the physical gold market of former customers along with new retail buyers, according to officials of the Professional Numismatists Guild

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Dealers group reports physical gold buyers returning

(Temecula, California) October 19, 2018 — The recent rise in gold’s price has sparked a return to the physical gold market of former customers along with new retail buyers, according to officials of the Professional Numismatists Guild (PNG). The Temecula, California-based PNG is a non-profit trade association composed of many of the country’s top rare coin and bullion coin dealers

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The Mike Fuljenz Metal Report on Gold and Silver – September 26, 2018

Gold and Silver Report by Mike Fuljenz – Universal Coin & Bullion …… Barron’s “Rediscovers” Gold Gold has remained within 1% ($12) of $1,200 every day for the last five weeks, unable to rise above $1,212, but also firmly staying above $1,188. This week, the Federal Open Market Committee (FOMC) meets, and they are widely expected to raise short-term […]

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Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) — Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network

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Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) — Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network

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The Mike Fuljenz Metal Report on Gold and Silver – August 2, 2018

Gold and Silver Report by Mike Fuljenz – Universal Coin & Bullion …… Goldman Sachs Stands By its $1,450 Gold Target for 2019 Standing firm against the mainstream’s bearish views on gold, Goldman Sachs is sticking with its $1,450 gold price projection for 2019 – a price level not seen since May 9, 2013. Goldman is also taking a […]

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Bitcoin can be Dangerous to Own – It’s Down 63% in Price and Subject to Theft and Fraud

Gold and Silver Report by Mike Fuljenz – Universal Coin & Bullion …… Cryptocurrency Woes… The price for a single Bitcoin peaked at $19,783.21 on December 17, 2017. Yesterday, the quoted price was $7,317.41, down 63% in seven months. This decline was very predictable since Bitcoin was not a “real” financial market before late 2017. You could buy or […]

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Growing up in a Numismatic Family: The Early Days of Stack’s – 1970-71

By Harvey Stack – Co-Founder, Stack’s Bowers Galleries …… Inflation & Numismatics During the 1970-71 period, as inflation increased to over 4% per year, people started to invest more in precious metals than they had previously. Silver (especially from finding and selling coinage struck prior to 1964) and gold were being looked at as ways […]

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Utah, Texas, and Wyoming top 2018’s Sound Money Index

New Jersey, Kentucky, Vermont and three other states declared biggest enemies of sound money
Eagle, Idaho (July 9th, 2018) — Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States, according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.
The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using nine indicators to determine which states have implemented the most pro-sound money policies in the country

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Don’t Eat Gold: Thief in India Learns the Hard Way

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 […]

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Veteran Dealer: We Have Seen the 2018 Low for Gold

“The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets. We have seen the 2018 low for gold,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional Numismatists Guild (PNG). The […]

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The Mike Fuljenz Metal Report on Gold and Silver

Gold and Silver Report By Mike Fuljenz – Universal Coin & Bullion …… Commerzbank Predicts $1,500 Gold, $20 Silver in 2019 For the first half of 2018, gold and silver were down 3% to 4% while the U.S. stock market was flat. The main culprit was a strong U.S. dollar in the second quarter. Gold […]

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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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The Future of Gold Mining

By Blanchard and Company, Inc ….. Recently the World Gold Council released a report on the relationship between gold and the natural environment. As the threat of ecological impact and global warming loom large, gold mining operations are seeking more efficient methods of sourcing gold. One company, Goldencorp, is at the leading edge of this […]

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Gold Repatriation Could Be Sign of Things to Come

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 […]

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GoldDealer.com Market Report – Gold Continues to Settle

Commentary for Wednesday, June 27, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $3.60 at $1,253.00 in quiet summer trading. To say that the typical bullish/bearish trade talk has turned decidedly bearish for gold should not be surprising. Weighing on the bullish argument is obviously the […]

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Precious Metals & Bullion Coins – Making the Transition From Silver to Gold

By Al Doyle for CoinWeek …..   According to popular wisdom and common sense, beginning precious metals investors who lack large budgets should purchase silver before venturing into gold. This is very logical for a number of reasons, but it leaves an important question unanswered: When does the silver buyer make the switch to the yellow metal? This […]

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Red Book recollections: Phil Bressett

Coin Update continues its series dedicated to reflecting on the long history of Whitman Publishing’s Guide Book of United States Coins, also known as the Red Book, now in its 72nd edition. “Red Book Recollections” features personal reflections written by Red Book contributors, collectors, and others with the aim of providing different perspectives on the long-lived reference work

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The Mike Fuljenz Gold Metal Report: The Time of the Year

By Mike Fuljenz – Universal Coin & Bullion ……   This is the Time of Year to Buy Gold (and Sell Stocks) Gold and stocks tend to move in opposite directions – one zigs while the other zags. Stocks tend to rise in the first half of the year and gold in the second half. […]

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Gold & Silver Political Action Committee May 2018 e-Newsletter

By John Villavicencio for the Gold & Silver Political Action Committee…… Gold & Silver Political Action Committee News Update on Candidate Steve Bieda Last month the Gold & Silver Political Action Committee reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain […]

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Gold & Silver PAC May 2018 e-Newsletter

By John Villavicencio for the Gold & Silver PAC …… Gold & Silver News From the Political Coordinator Update on Candidate Steve Bieda Last month we reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain is change. Steve withdrew from […]

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Precious Metals News – Rising Dollar Keeps Downward Pressure on Gold and Silver

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 […]

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Egyptian Billionaire, One of Forbes’ Richest in World, Invests Almost $3 Billion in Gold

By Hubert Walker for CoinWeek …. Naguib Sawiris, the 63-year-old Coptic-Egyptian billionaire, has used half of his $5.7 billion USD (approximately €4.74 billion) net worth to buy gold, according to an interview with Bloomberg TV on Monday, April 30. During the interview, Sawiris stated his belief that gold will reach a price of $1,800 per […]

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GoldDealer.com Gold market Commentary – Gold Higher – China Retaliates

Gold Commentary for Monday, April 2, 2018  by www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $19.30 today at $1342.10 as China decides what is good for the Goose is good for the Gander – she imposed tariffs on 128 US products. This created some angst in the […]

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What’s going on with gold?

Recently on CNBC’s “Trading Nation,” Larry McDonald, publisher of The Bear Traps Report, explained that gold is currently “breaking out.” He elucidated that gold has consistently held a relationship with interest rate hikes by the Federal Reserve and utilized the fictional characters of Charlie Brown and Lucy van Pelt as a metaphor to illustrate this relationship

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GoldDealer Gold Market Commentary – Gold Again Settles Lower

Gold Commentary for Wednesday, March 28, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $17.80 today at $1,324.20 – finally deciding to settle and taking some of the recent buzz away from this market. Like I have been saying it’s no use getting too excited […]

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Gold Shipwreck Treasure Worth Millions of Dollars on Display in Long Beach – 4K Video

 CoinWeek travelled to Long Beach, California, to film the return of the famous “Ship of Gold“. The second exploration of the SS Central America shipwreck has made national news, as recovery efforts resulted in the collection of $40 million in gold bars and coins from the bottom of the Atlantic Ocean, where the famous […]

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Precious Metals and Gold Market Report – Gold “Pops”

Commentary on Gold Market for Wednesday, February 14, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold Market closed up $27.40 at $1355.50. Prices jumped higher today after early trading opened flat then lost $10.00 in value. This big reversal is the result of higher than expected inflation news – […]

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Gold Markets Report – Gold Remains Firm but Cautious

Commentary for Wednesday, January 31, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……  Gold closed up $3.60 today at $1339.00 – not bad – we did sell off a bit on the close after reaching above $1344.00 on the day but this was probably the result of “nothing new” […]

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Professional Numismatists Guild Dealers See $1,460+ Gold at Year’s End

Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (PNG). Members of the Guild’s […]

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Gold Markets Report – Gold Pushes Higher on Weaker US Dollar

Commentary for Friday, January 25, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.50 today at $1362.40 which makes for a new yearly high. After yesterday’s large pop to the upside ($20.20) the gain today is a nice follow through – momentum always counts in this market. […]

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World Coins – Solomon Islands Issues Gold Coin Note

By Central Bank of Solomon Islands (CBSI) …… The Central Bank of the Solomon Islands (CBSI) is pleased to announce the availability of the world’s first-ever legal tender gold coin note. This extremely thin coin note is produced in 0.5 g fine .999 gold and is measured at 90 x 43 mm. The making of […]

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Four Peruvian Members of Multi-Billion Dollar, International Gold Money Laundering Scheme Indicted

By Federal Bureau of Investigation …. EDITORS NOTE – CoinWeek reported on this investigation on April 17, 2017. You can read that article here ….. Four Peruvian citizens were indicted for their alleged involvement in a multi-billion dollar, international gold money laundering scheme. On November 16, 2017, Pedro David Perez Miranda, a/k/a “Peter Ferrari,” a/k/a “Peter,” […]

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Gold Markets Report – Is Gold Building a Base or Running Out of Gas?

Commentary for Thursday, January 11, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $3.20 at $1320.60. So gold continues to make some noise – most of today’s higher number is follow through from yesterday’s gain – pricing held steady between $1320.00 and $1321.00 but considering the big […]

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Gold Markets Report – Gold and Silver Inches Higher?

  Gold Markets Commentary for Monday, December 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold Markets closed up $7.90 today at $1262.20. Once again it is surprising that gold pushed into higher ground from the opening – finally seeing resistance at the $1265.00 level. It is difficult to […]

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Precious Metals Market Report – Gold Continues Lower

Commentary for Thursday, December 7, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $13.00 today at $1249.80. The best you can say about today’s weakness is that we are simply seeing the continuation of a technical breakdown which said goodbye to the important $1270.00 support line. It […]

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63 Kilos of Pure Gold: The First Christmas Tree from the Vienna Philharmonic Bullion Coin

A very special Christmas tree can now be admired in Tokyo. The resident precious metals dealer Ginza Tanaka shows a Christmas tree, which consists of 2017 golden Vienna Philharmonic coins. The approximately three-meter-high, unsalable tree thus has a total value of about 310 million yen or 2.3 million euros [A little over $2.7 million USD. […]

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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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US Gold Coin Profile – The 1796 With Stars Gold Quarter Eagle

By Doug Winter Numismatics ……….. Production of the gold quarter eagle denomination began in 1796. The initial production run of 932 coins featured the No Stars obverse. In the very beginning of 1797, another 432 or so quarter eagles dated 1796 were made; these featured the With Stars obverse which was employed through 1807. While […]

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CoinWeek IQ: What Got You Into Gold? with Pat Heller – 4K Video

At the American Numismatic Association’s (ANA) 2017 World’s Fair of Money, CoinWeek Assitant Editor Hubert Walker met up with hard money advocate and ANA award-winning coin dealer Pat Heller to discuss how Heller first got interesting in gold and silver bullion and how the administration of President Donald J. Trump and foreign speculation in metals […]

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CoinWeek IQ: What Got You Into Gold? with Pat Heller – 4K Video

At the American Numismatic Association’s (ANA) 2017 World’s Fair of Money, CoinWeek Assitant Editor Hubert Walker met up with hard money advocate and ANA award-winning coin dealer Pat Heller to discuss how Heller first got interesting in gold and silver bullion and how the administration of President Donald J. Trump and foreign speculation in metals […]

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APMEX Introduces 2018 Gold, Silver Chinese Pandas

APMEX, Inc., a leading Precious Metals retailer based in Oklahoma City, is thrilled to announce that 2018 Gold and Silver Chinese Pandas are now available to order. The 1 oz Gold Panda, introduced in 1982, featured a simple design showcasing one of the most beloved animals in the world. Since then, the yearly changing designs […]

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Counterfeit Gold Found in Royal Canadian Mint Package

By CoinWeek News Staff …. Ottawa jeweler Samuel Tang bought what he thought was a genuine 1 oz, .9999 fine gold wafer from his local branch of the Royal Bank of Canada on October 18. At first glance, he had no reason to suspect anything was amiss; the wafer seemed to feature all the right […]

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Newest Royal Mint Britannia Releases from APMEX

APMEX, Inc., a leading Precious Metals retailer based in Oklahoma City, is pleased to announce that the new 2018 Gold and Silver Britannias are now available for pre-order. These are the latest additions to one of the most popular coin series in the world. The Royal Mint introduced the Gold Britannia in 1987, showcasing a […]

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CoinWeek News Wire for November 3, 2017: Bitcoin Bound and the RCM Counterfeit Gold Mystery

By Coinweek …. CoinWeek News Wire for November 3, 2017:  Brain Food 1.) The Ideal Auction Preston McAfee, Chief Economist at Microsoft, explains the different kinds of auctions, how they work, what the pros and cons are, and why we don’t have auctions for everything we buy. Truly fascinating stuff. But where it gets deep […]

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Bullion & Precious Metals: Gold Dealer Newsletter – Gold Moves Higher?

Commentary for Wednesday, November 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.10 at $1,274.10 in a kind of confused and choppy market. We opened unchanged – moved above $1,280.00 and then settled quietly lower. This small pop in prices to the upside is hard […]

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Treasure Coins, Gold Artifacts Brighten Sedwick’s November Auction

Unique gold coins and artifacts will draw attention to Daniel Frank Sedwick’s Treasure, World, U.S. Coin and Paper Money Auction 22. Over 2,340 lots will be up for bidding in the combined floor and live online auction held next week on November 2-3. Online lot viewing and bidding is hosted at www.auction.sedwickcoins.com. One impressive artifact […]

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The Mnuchin M’neuver: Treasury Secretary’s Recent Gaffes Part of Larger Story?

Tubman on the Twenty might not be a priority, but what does he want with Ft. Knox? By CoinWeek …. Former Goldman Sachs banker and current Treasury Secretary Steven Mnuchin recently took a delegation of Kentucky politicians on a visit to the gold vaults held in the United States Bullion Depository at Fort Knox. Accompanied […]

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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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Gold Markets Report – Gold at 10 Month Highs for Many Reasons

Commentary for Monday, August 28, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $17.20 at $1309.70 in another try at the “over $1300.00 club”. It traded flat overnight in both Hong Kong and London but moved higher in the domestic market for a number of reasons. […]

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CoinWeek News Wire for August 25, 2017: Coins, Guns, and Fort Knox

By Coinweek …. CoinWeek News Wire for August 25, 2017:  Under the Radar 1.) King Rama IX commemorative coins unveiled A portrait of the late monarch in court regalia appears on one side of the coins along with his name in Thai. On the reverse are a depiction of the crematorium being erected at Sanam […]

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CoinWeek News Wire for August 25, 2017: Coins, Guns, and Fort Knox

By Coinweek ….   CoinWeek News Wire for August 25, 2017:  Under the Radar 1.) King Rama IX commemorative coins unveiled A portrait of the late monarch in court regalia appears on one side of the coins along with his name in Thai. On the reverse are a depiction of the crematorium being erected at […]

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APMEX Improves Precious Metals Storage Management, Secured by Brink’s

APMEX, a leading Precious Metals e-retailer based in Oklahoma City, has announced changes to their Citadel site. Now Citadel customers can easily access all information from their APMEX account page and see their current holdings all in one place without leaving the APMEX.com site. APMEX worked to integrate the management of Citadel within APMEX.com to […]

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GoldDealer Gold Market Report – Are the Bulls or Bears Tired?

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 […]

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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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Gold in Waters Around Indian Peninsula?

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 […]

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2017 India Gold Imports Already Exceed 2016

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 […]

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2017 India Gold Imports Already Exceed 2016

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 […]

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Gold Markets Report: Gold Mildly Higher – Bargain Hunting?

Commentary on Gold Prices for Monday, July 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $3.50 at $1,213.20 today in what looks like book squaring or perhaps some mild bargain hunting. The dollar firmed up since Friday – the Dollar Index moved from 95.75 […]

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Gold Markets Report – Gold Ignores a Weaker Dollar

Commentary for Tuesday, June 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $0.50 today at $1,246.90 in what turned out to be an uneventful day. The domestic market opened higher ($1,250.00) – moved off that high and settled with no buzz on lows for […]

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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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Whitman Publishing 2nd Edition Guide to Gold Buying and Selling

On the Fourth of July, 2017, Whitman Publishing will release a newly updated second edition of its award-winning book GOLD: Everything You Need to Know to Buy and Sell Today, by Jeff Garrett and Q. David Bowers. It is available for preorder online (including at www.Whitman.com) and will be sold at bookstores and hobby dealers […]

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Gold Markets Report – Gold Closes at a Seven Week Low

Commentary for Tuesday, May 9, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $11.00 at $1216.10 as momentum selling returns and the price of gold makes new recent lows. The domestic market broke down on the open and we did not catch much of a bid […]

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Gold Markets Report – Gold Closes at a Seven Week Low

Commentary for Tuesday, May 9, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $11.00 at $1216.10 as momentum selling returns and the price of gold makes new recent lows. The domestic market broke down on the open and we did not catch much of a bid […]

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Bullion & Precious Metals: Gold Dealer Newsletter – Gold Weakens, Silver Eagle Monster Box Sales Down

Commentary for Monday, May 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $12.80 at $1,255.50 in another defensive round. It actually opened rather flat which has been the case lately – pitched higher and then reversed itself testing the $1,254.00 level before catching much of […]

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Bullion & Precious Metals: Gold Dealer Newsletter – Gold Firm as Europe Considers Options

Commentary for Friday, April 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $5.30 at $1,289.10 and once again holds its ground. So where are we going into the weekend? I think traders are cautious but not ambivalent – on the short term gold is […]

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Gold Dealer Newsletter – Gold Traders Continue to Buy the Dips

Commentary for Monday, April 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.40 at $1,253.90 USD today in directionless trading. The overnight London and Hong Kong markets were sleepy – there was a selloff in early domestic trading which looked at $1,245.00 but traders once […]

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Gold Dealer Newsletter – Gold Continues to Flirt with Higher Prices

Commentary for Monday, March 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $7.20 today at $1,255.70. The common wisdom being that gold is pushing higher because of safe haven buying now in place because Trump policies are failing? Please – I think the best […]

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Precious Metals & Bullion Commentary – Gold Weaker as Rate Hike Looms

Commentary for Tuesday, March 7, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $9.40 at $1,216.10 on Tuesday and if you haven’t been watching let’s just say the gold trade is getting heavier. It’s not necessarily the dollar although the buck is strong – the Dollar […]

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CFTC Charges Florida Companies in Fraud Schemes Involving Gold

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent […]

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Gold Fades as the Dollar Grows Stronger

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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Gold & Silver Market – Gold Flirts with the 200 DMA

Commentary for Tuesday, February 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $0.50 at $1,258.80 USD on Monday, which was a bit of a disappointment considering the early gold & silver market traded nicely above gold’s 200-Day Moving Average ($1,261.00) before settling almost unchanged. So […]

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Precious Metals Markets – Gold Continues to Hold Steady

Commentary for Tuesday, February 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed virtually unchanged today down $0.20 at $1,238.90. It lost ground in early trading and at one point reaching $1,227.00 before turning around – gaining back its lost ground despite a strong Dollar Index which […]

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CoinWeek IQ: Making Gold Ingots at the Austrian Mint – 4K Video

CoinWeek IQ is an ongoing series of exclusive videos that go in-depth into important numismatic topics and feature many of the hobby’s leading experts and personalities. In this exclusive  video, we return to Vienna, Austria to visit our friends at the Austrian Mint to pay a visit to the melting room. Once there, our cameras captured […]

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The Origin of Specie: How Gold and Silver Became Money

CoinWeek Ancient Coin Series by Mike Markowitz …. …And unto Sarah he said, Behold, I have given thy brother a thousand pieces of silver. –Genesis, 20:16 ABIMELECH, PHILISTINE KING OF GERAR, gravely offended the patriarch Abraham by trying to appropriate his wife, Sarah, having been led to believe that Sarah was actually Abraham’s sister[1]. In […]

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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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Bullion & Precious Metals – Gold In Our Sewers?

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 […]

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Bullion & Precious Metals Commentary – Bear Market in Gold Resumes

By Dr. Richard S. Appel – UniqueRareCoins.com ……   When gold rose from its 1,046 low last December, it was accompanied by motivating articles written by a plethora of excited gold analysts. Many of them unequivocally stated that gold’s long, grueling Bear Market had ended, and a new great Bull Market had begun. One after […]

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Royal Mint UK, CME Group Launch Blockchain Based Digital Gold Product

Partnership to build digital gold product on blockchain technology to be available in 2017 The Royal Mint, the world’s leading export mint, and CME Group, the world’s leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold. The Royal Mint, a 1,000-year-old institution owned by […]

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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 Report – Gold Again Loses Ground to the Dollar

Gold Markets Commentary for Thursday, November 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $8.00 at $1,208.50 USD today so on the week gold has lost $10.60 with a top to bottom spread of $15.50. This market continues weak as the dollar again moves higher […]

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Gold Markets Report – Gold Fights against a Strong Dollar

Gold Markets Commentary for Monday, November 14, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $2.80 today at $1219.10. Well so much for my feeling Friday that gold markets were oversold – I was sure we would see a bounce to higher ground today. The overnight […]

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Gold Markets Commentary – The Trump Effect on Gold – No one really knows.

Commentary for  November 10, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $10.40 today at $1264.90. Gold is weak today because the dollar is higher – the Dollar Index moved from 98.25 to 99.25 today before settling somewhat. So let me ask you a question What […]

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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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Gold, Rain, and Weddings: India’s Monsoons and World Gold Prices

Even as precious-metals prices continue their downward trend, market watchers continue to affirm their faith in gold as an economic safe-house in an uncertain financial world. The factors at play are numerous; ranking high among them are a tense U

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Secret Gold Vaults in the Swiss Alps

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 […]

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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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Belgium: 100 Years of the Theory of Relativity Featured on Gold and Silver Coins

The Royal Mint of Belgium has issued two new coins in honor of the centennial anniversary of the breakthrough theory of relativity. Famed scientist Albert Einstein (1879–1955), a German-born theoretical physicist, proclaimed the discovery, which has been described as “the origins of the universe” and essentially resulted in the re-thinking of what was regarded as the basis of science and mathematics

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Strange $180k Theft from Royal Canadian Mint

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 […]

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Louisiana Purchase Commemorative Gold Dollars

Thirteen gold commemorative coins were released by the United States Mint between 1903 and 1926, ranging in denominations from one dollar to fifty dollars. These were sometimes released in conjunction with a commemorative silver dollar, but occasionally featured another subject altogether, as was the case with the first two gold commemorative issues, the 1903 Louisiana Purchase gold dollars

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A-Mark Precious Metals Acquires Majority Stake in SilverTowne Mint

A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has acquired a majority ownership stake in Indiana-based SilverTowne Mint and entered into an exclusive supplier agreement with Asahi Refining USA Inc. a subsidiary of Asahi Holdings (TSE: 5857), a global refiner and producer […]

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New Zealand Issues “Mickey Through the Ages – Brave Little Tailor” Gold and Silver Coins

The New Zealand Mint is continuing its “Mickey Through the Ages” series with new gold and silver coins featuring the 1938 Mickey Mouse cartoon, “Brave Little Tailor.” The film was based on Grimm’s fairy tale of the same name and went on to be nominated for an Academy Award

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Massive 145-Ounce Gold Nugget Found with Minelab GPZ 7000 Metal Detector

By Minelab …… The ‘Friday’s Joy’ gold nugget is expected to bring more than $250,000 AUD. It was discovered in a worked-over area at the far southern edge of Central Victoria’s Golden Triangle on a recent Friday morning by a seasoned prospector wishing to remain anonymous. After discovering a nine-ounce tennis ball-shaped gold nugget more […]

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UK Remembers Anniversary of Historic Battle of Hastings on New Commemorative Coins

The Royal Mint has launched (16th August) their latest commemorative 50-pence coins in precious metal for the 950th anniversary of one of the most consequential battles in England’s history.
The battle of Hastings in 1066 began with a question of succession to the English throne after the death of its childless king, Edward the Confessor (1003 – 1066)

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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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Silver Stackers – Making The Transition From Silver To Gold

by Al Doyle for CoinWeek ……… According to popular wisdom and common sense, beginning precious metals investors who lack large budgets should purchase silver before venturing into gold. This is very logical for a number of reasons, but it leaves an important question unanswered: When does the silver buyer make the switch to the yellow metal? This is a […]

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Silver Bullion – Making The Transition From Silver To Gold

by Al Doyle for CoinWeek ……… According to popular wisdom and common sense, beginning precious metals investors who lack large budgets should purchase silver before venturing into gold. This is very logical for a number of reasons, but it leaves an important question unanswered: When does the silver buyer make the switch to the yellow metal? This is a […]

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Gold Market Report – Gold Gives up Early Gains in a Nose Dive

Commentary for Friday, August 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.70 on the Comex today at $1335.80 – what a roller coaster ride this turned out to be. Gold moved dramatically higher in price on the open – at one time trading over $1354.00 […]

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Gold Market Report – Gold Gives up Early Gains in a Nose Dive

Commentary for Friday, August 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.70 on the Comex today at $1335.80 – what a roller coaster ride this turned out to be. Gold moved dramatically higher in price on the open – at one time trading over $1354.00 […]

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A World of Gold Coins – The Japanese Gold Oban

The  Japanese Gold Oban is a large oval gold plate coin, minted in Japan as part of the Tokugawa coinage system. The Oban was the largest denomination coin, valued at 10 Ryos or 10 Koban plate coins. The Tensho Oban was the first type of Oban minted, foreshadowing the full implementation of Tokugawa coinage in […]

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A World of Gold Coins – The Japanese Gold Oban

The  Japanese Gold Oban is a large oval gold plate coin, minted in Japan as part of the Tokugawa coinage system. The Oban was the largest denomination coin, valued at 10 Ryos or 10 Koban plate coins. The Tensho Oban was the first type of Oban minted, foreshadowing the full implementation of Tokugawa coinage in […]

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UK Issues Iconic 5-Sovereign Gold Piece in Limited Quantity

The Royal Mint has announced (August 5) the issue of a new £5 gold sovereign struck to Brilliant Uncirculated quality with a limited mintage.
The coin continues almost 200 years of tradition; the first piece of this denomination was issued in 1820 during the reign of King George III as part of the country’s great coinage reform of 1816

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Netherlands Antilles War Hero George Maduro Honored on New Gold and Silver Coins

The Central Bank van Curacao en Sint Maarten, under the authority of the Netherlands Antilles, has issued (August 4) new silver and gold coins paying homage to one of the Netherlands’ wartime heroes on the occasion of the anniversary of his 100th birthday. George John Lionel Maduro (1916 –1945) is remembered as the only Dutch person of Antillean descent to have been awarded (posthumously) the Knight 4th-class of the Military Order of William, which is the oldest and highest honor of the kingdom

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Canada’s Tall Ships Legacy Series Continues With “The Amazon” Gold Coin

The Royal Canadian Mint has issued the latest gold coin in their fascinating “Tall Ships” series, which highlights some of North America’s most beautiful and captivating sailing vessels. This coin focuses on the Amazon, known for its striking appearance and for the mystery that surrounds the fate of her crew and passengers

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The Coin Analyst – Should the U.S. Return to the Gold Standard?

By Louis Golino for CoinWeek …… August 15 marks the 45th anniversary of the end of the gold standard. In 1971 President Richard M. Nixon ended the convertibility of the dollar with gold, which paved the way for the system of floating, fiat currencies that exists today. Ever since then the U.S. dollar has continued […]

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Precious Metals Market – India Gold Deposits Climb

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 […]

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Gold Markets Report – Gold Closes Strong on BOJ News

Commentary for Friday, February 5, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $16.50 today on the Comex at $1350.30. This is the highest level gold has seen this week – the lowest close being 1319.30 – the spread being $31.00. The gold markets got a surprising […]

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Pradeau Book Award Winner Allan Schein Announces Follow Up Effort, Gold Indians of Bela Lyon Pratt

Allan Schein, winner of the Pradeau Award to for his previous book, Mexican Beauty, Un Peso Caballito, has shared a notice announcing the release of his next effort entitled, The $2½ & $5 Gold Indians of Bela Lyon Pratt. 

The $2½ & $5 Gold Indians of Bela Lyon Pratt is the first comprehensive book ever written exclusively about this popular and unique American coin series

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Perth Mint’s $1 Million Kimberley Treasure Coin Sells in 48 Hours

Perth Mint Chief Executive Officer, Richard Hayes holding the Kimberley Treasure coin
The Perth Mint has shared the following press release:
Following the launch of the world exclusive Kimberley Treasure coin, The Perth Mint has sold the spectacular masterpiece to an international buyer within just 48 hours of its release.
Crafted from one kilogram of 99

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Stack’s Bowers and Ponterio to Auction Rarities at Upcoming Hong Kong Showcase

Stack’s Bowers Galleries has shared the following press release:
SANTA ANA, CA. — Stack’s Bowers and Ponterio is pleased to announce details of their upcoming Hong Kong Auction of Chinese and Asian coins and currency, to be held Monday August 15 through Wednesday April 17 at The Mira Hong Kong, 118 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

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Bullion & Precious Metal News – Why Islamic Gold Demand May Surge

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 […]

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Perth Mint Unveils $1 Million Gold Coin With Red Diamond

The Premier of Western Australia, the Honorable Colin Barnett, MLA, unveiling the Perth Mint’s Kimberley Treasure Coin.
The Premier of Western Australia, the Honourable Colin Barnett MLA, today unveiled the world’s first coin to feature a significant red diamond from Rio Tinto’s iconic Argyle Diamond Mine

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Spot Metals Soaring

By Jim Bisognani – Numismatic Guaranty Corporation ….. 10th Annual Summer FUN Set To Sizzle; Wasn’t The Bicentennial Just Yesterday? – Spot Metals Soaring A Summer Holiday As I write this report another Fourth of July Holiday has come and gone. Our great country’s birthday is something which we should all take great pride in […]

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Sales Updates: 2016 Cumberland Gap 5 oz. Uncirculated Coin and Gold Mercury Dime

The 2016 Cumberland Gap 5 oz. Silver Uncirculated Coin was released yesterday and the first-day sales totals are in: the issue has sold 14,062 units, not quite half of its stated 30,000-piece mintage limit

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Pennsylvania Association of Numismatists Snaps Early Pics of Gold Standing Liberty Quarter

Last week, the Pennsylvania Association of Numismatists (PAN) shared early images of the 2016 Standing Liberty Quarter Centennial Gold Coin on social media.
The coins were encountered by PAN President Tom Uram at a U

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World Precious Metals – Indian Temple Deposits Gold

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 […]

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Breast Cancer Awareness Commemorative Coins Are Coming in 2018

A bill proposing the issue of 2018-dated commemorative coins promoting breast cancer awareness was signed into law by President Obama on Friday, April 29. This program is perhaps best known for its proposed inclusion of “pink gold” in the composition of its $5 gold issue, which will mark the first time such color has been employed on a coin struck by the United States Mint

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PNG Advises Caution To Avoid Gold And Silver Counterfeits

The Professional Numismatists Guild has shared the following press release regarding counterfeit gold and silver coins:
May 3, 2016
(Temecula, California) – Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild

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PAN’s Tom Uram Nabs First Photos of Standing Liberty Quarter Centennial Gold Coin

One week after the rousing release of the 2016 Mercury Gold Centennial Gold Coin, the Pennsylvania Association of Numismatists (PAN) has done collectors a favor by posting pictures of the 2016 Standing Liberty Quarter Centennial Gold Coin to its Twitter account.
The U

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Almada Negreiros and Portuguese Modernism Feature on Latest EUROPA Star Coins

The Imprensa Nacional Casa da Moeda (INCM) has unveiled new gold and silver coins as part of the EUROPA star numismatic program. This year’s theme focuses on 20th century European design; Portugal’s contribution to this popular series focuses on the celebrated literary artist José Sobral de Almada Negreiros (1893 – 1970)

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Gold Mercury Dime Nearly Sold Out According to Mint’s Unofficial Sales Numbers

The 2016 Mercury Dime Centennial Gold Coin has sold about 98% of its available mintage, according to unofficial sales numbers posted earlier today by the U.S

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2016 Mercury Dime Centennial Gold Coin: A Day After Launch

It’s been an exciting 24 hours since yesterday’s release of the 2016 Mercury Dime Centennial Gold Coin. The item was given the relatively high mintage limit of 125,000 pieces, enough that few would have expected it to go into “Currently Unavailable” status in less than 45 minutes

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Gold Market Report – Gold Gives up Most of Yesterday’s Gains

Commentary for Friday, March 11, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $12.20 on the Comex today at $1258.70 so it’s having second thoughts about Mario Draghi’s ECB decision yesterday to push “negative” interest rates. Actually today’s loss represents further profit taking in a market which […]

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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 Market Newsletter – Gold Closes Quietly Lower on Consolidation

Commentary for Monday, December 7, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.10 today on the Comex at $1076.40. Gold gave up about a third of its big gain on Friday – disappointing as this might have been the beginning of something larger. At any rate […]

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Gold Market Newsletter – Gold Breaks Lower as the Dollar Soars

Commentary for Friday, November 6, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $17.10 on the Comex today at $1087.60. This is actually above its lowest recent close of $1085.50 (August 5th) and while discouraging is still holding above is last summer’s low close. The price action […]

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Gold Markets Newsletter – Gold Moves Higher on a Weaker Dollar and Strong Crude

Commentary for Tuesday, October 6, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.50 at $1146.90 on the Comex today – so we did not get the follow-through price action I wanted after the big Friday “pop” but we will settle for higher gold reacting to a […]

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Gold Market Newsletter – Gold Higher as Jobs Disappoint and the Dollar Weakens

Commentary for Thursday  October 2, 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.…. Gold closed up $23.00 today on the Comex at $1137.10 – surprising everyone, especially the bullion trade. The big factor now supporting gold in the shorter term is the “miss” in the jobs data – 142,000 versus […]

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The Gold Newsletter – Gold Reacts to Greece and the Dollar but Remains Indecisive

Commentary for Monday, June 29, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up a modest $5.60 on the Comex today at $1178.50 – so a little excitement over the weekend and into domestic trading on Monday – very little. The overnight Hong Kong and London markets were […]

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The Gold Newsletter – Gold Moves Lower Ignoring Dollar Weakness

Commentary for Wednesday, June 3, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $9.40 on the COMEX today at $1184.70. Interestingly the dollar was weaker – the Dollar Index closed yesterday at 95.94 and it is now trading at 95.48. Under normal trading conditions this half point […]

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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 Can’t Get started even with a Rate Cut by China

Commentary for Monday, May 11, 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $5.90 today on the Comex at $1183.20. There was some early upside movement after the announcement that China would cut its lending rate by a ¼% but their attempt at fine-tuning their staggering economy […]

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The Gold Newsletter – Gold Moves Higher on the Anticipated Short-Covering Rally

Commentary for Friday  April 10th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $11.00 on the Comex today at $1204.60. This was the short-covering bounce I expected yesterday and more importantly gold was firm in the face of a stronger dollar. The dollar this week was […]

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The Gold Newsletter – Gold Weaker – Dollar Firm – FOMC Split – A Mixed Bag

Commentary for Wednesday  April 8th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $7.50 at $1203.10 and the minutes of the latest Federal Open Market Committee are released to the public. The FOMC continues to mule over our current economic recovery. But you might think that […]

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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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Gainesville Coins Market Update: March 23-27

It was a solid week for the precious metals, which all advanced (excepting palladium) on mounting geopolitical risks and deceptive rhetoric from the Federal Reserve. Equities in the U.S., Europe, and even Asia pulled back this week on uncertainty over the strength and health of the global economy. By Gainesville Coins…. GOVERNMENT & POLICY The […]

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Commentary for Wednesday March 10th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold moved lower today on the Comex down $6.30 to close at $1160.10. So yesterday’s small gain was indeed a dead cat bounce – and this close was the cheapest gold has traded this year. Weakness […]

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Gold Market Newsletter : Gold Closes Lower as the Dollar Strengthens

Commentary for Wednesday March 10th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold moved lower today on the Comex down $6.30 to close at $1160.10. So yesterday’s small gain was indeed a dead cat bounce – and this close was the cheapest gold has traded this year. Weakness […]

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The Gold Newsletter – Gold Moves Lower Against the Dollar – Again

Commentary for Wednesday March 4th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed off $3.70 on the Comex today at $1200.60 as the dollar surged against the euro. The Dollar Index numbers are impressive trading from a low of 95.32 to a high of 96.06 and finally […]

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The Gold Newsletter – Gold Moves Lower Against the Dollar – Again

Commentary for Wednesday March 4th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed off $3.70 on the Comex today at $1200.60 as the dollar surged against the euro. The Dollar Index numbers are impressive trading from a low of 95.32 to a high of 96.06 and finally […]

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The Gold Newsletter – Gold Moves Higher Despite a Stronger Dollar

Commentary for Wednesday February 26th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed higher again today on the Comex up $8.60 at $1209.60 even though the dollar reached a monthly high against the euro. This from Market Watch – “Core CPI rose 0.2% in January, beating a consensus […]

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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 Introduces New Index to Trade Precious Metals. VIDEO: 2:25

John Humphrey, Dillon Gage Digital Metals Interviewer: David Lisot, CoinWeek.com…… Dillon Gage has a created way to trade in gold,silver, platinum and palladium simultaneously. John Humpfrey of Digital Metals explains how this new service will benefit purchases of precious metals. Copyright © CoinWeek January 2015 2015 FUN SHOW – Orlando Florida: The Florida United Numismatists […]

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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 Surges Higher – the Swiss Franc and Euro Decouple

Commentary for Thursday January 15th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex today closed up $30.30 at $1264.70 with a slightly weaker aftermarket. It was quiet in overnight Hong Kong trading but jumped during the London session and saw strong follow through into domestic COMEX […]

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Infographic – The History of Metals

The History of Metals We have documented the history if individual metals before and we have also visualized their annual production. However, we have not seen all of the metals on one timeline before such as in this infographic. Worth noting is gold’s prominence ever since the beginning of history. Because the yellow metal is […]

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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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The Gold Newsletter – Gold Reinforces Monday’s Gain as Safe Haven Buying Continues

Commentary for Wednesday January 6th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $15.40 at $1219.50 today so yesterday’s move above $1200.00 is confirmed. This strength is no longer a short-covering rally – it feels like safe-haven buying the result of continued weakness in oil and economic […]

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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’s Long-Term Outlook Remains Positive, Says Michael Fuljenz

“There are five solid reasons why the long-term outlook for gold remains positive and why it may climb to $1,500 an ounce or more in 2015,” stated Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) of Beaumont, Texas, who has been tracking and writing award-winning articles about the precious metals markets for decades.           […]

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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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Precious Metals Market Report: Gold Slips Under $1,200 as Dollar Rallies – December 2, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 1.5% to settle just under $1,200, surrendering less than half of yesterday’s 3.6% surge, as a sharply higher dollar and lower oil reduced demand for alternative stores of value. The ICE dollar index jumped to its highest level since March 2009 as softer economic conditions in […]

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Precious Metals Weekly Market Update

Courtesy of  Everett Millman and  GainesvilleCoins.com ………. While stocks were riding high yet again this week in response to a decidedly mixed bag of economic indicators for November, gold and silver slid below support levels at the week’s end. Crude oil has continued to tumble as both major world benchmarks are menacingly close to the […]

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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 Markets Hammered as the Bank of Japan Announces Fresh Stimulus

Commentary for Friday, Oct 31, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $27.00 today at $1171.00 and at one time traded as low as $1161.00 and has given up $60.00 on the week. As the Bank of Japan announced an additional $700 billion in stimulus the […]

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Gold Markets: Gold Noncommittal Waiting for FOMC Results

Commentary for Wednesday, Oct 27, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold remains steady off $2.10 at $1229.10. The overnight Hong Kong and London markets lacked any direction and moved within a $3.00 range. The 30 day gold chart however shows gold is having trouble holding on to […]

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Gold Turns Lower against a Stronger Dollar and Continued Profit Taking

Commentary for Wednesday, Oct 23, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $16.30 at $1228.50 taking all the fizz out of recent action around the $1240.00 level. The dollar was strong as the Dollar Index saw a trading range of 85.66 through 85.88. I think today’s […]

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Precious Metals Markets – Gold vs Platinum – 5 Opinions

Trading the Platinum vs. Gold Spread Twenty years of trading has proven one thing correct, time and time again. The markets act in such a way as to do the greatest amount of harm to the greatest number of participants at any given moment. This is exactly how Sunday night’s trading began when, for a few minutes, […]

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Gold Remains Firm as the Dollar Rise is Muted

Commentary for Wednesday, Oct 9, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $8.30 at $1229.30 which is the highest point in almost a month helped again by a weaker dollar. Comments over the weekend by Federal Reserve Governor Fischer indicates once again the Fed will delay […]

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Gold Follows Through – Higher on Short Covering and Nervous

Commentary for Wednesday, Oct 9, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up a strong $19.30 at $1224.60 as the overnight Hong Kong and London markets confirmed their strength after the release of September’s FOMC minutes yesterday. While this latest move might yet turn out to be […]

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Gold Closes Lower then Reverses after Dovish FOMC Comments

Commentary for Wednesday, Oct 8, 2014 (www.golddealer.com) ……… Gold closed down $6.40 today at $1205.30 in a market which really cannot make up its mind. It actually traded as high as $1220.00 before reversing itself as oil prices came down – WTI crude oil moved lower by $1.15 at $87.47 a barrel and the dollar […]

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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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Gold Continues to fall as dollar stengthens – Here are 5 articles why.

Bloomberg -  Gold Little Changed Near 7-Month Low on Rates Outlook Gold traded little changed near a seven-month low on speculation that the Federal Reserve is moving closer to raising interest rates, eroding demand for the metal as an alternative to stocks and bonds. Silver rebounded from a 14-month low. Data today may show U.S. […]

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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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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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