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Precious Metals Little Changed Thursday

Precious metals futures were little changed Thursday. Gold, silver and platinum did close higher for the first time since Monday, while palladium advanced for a third session in a row. Gold for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Mint Statistics: Palladium debuts on expensive side

The price of palladium now exceeds that of platinum. Unless I have missed something, this is the first time since 2001 this has happened. While this was going on, the Mint began selling its first palladium bullion coins. Good timing or bad? We will see if investors like the idea of buying expensive palladium. While we are waiting, I have taken over the platinum column on the monthly sales box below and installed palladium in its place. The Mint sold 15,000 of these new American Eagles. Silver Eagle bullion coins saw an increase of 195,000. The September total stands at 320,000. This will be the lowest monthly sales total in 2017 even if a few more are sold in the last two days of the month. A further indignity for platinum is the proof Eagle sales number fell by 35. Now standing at 8,957, a sellout of all 10,000 looks more and more unlikely. Enhanced unc. sets rose by 3,455 to reach 194,661.     This article was originally printed in Numismatic News . >> Subscribe t...

Coin collecting spreads its influence

If I said there are more coin collectors now than at any time in history, you would probably think I am crazy. There are few Young Numismatists, you would say. The primary cohort of collectors is aging and leaving the hobby, you would say. Prices are getting so high for certain United States Mint offers that some are even giving up in frustration. All of these statements are true. If you look at the United States alone, there is no question that there are fewer coin collectors compared to years ago. I can make the case that the top U.S. coin collector population was reached in 1964. That is the year the circulation of Numismatic News was at its peak as well as the circulation of its competitors. It has been all downhill since then. Yet we have had a good 53 years. When I considered coin collecting in all other countries early in my career I could write that the United States was home to either the largest or second largest population of collectors of the coins of this or tha...

Green titanium coin from Fiji

Fiji has just announced the striking of its first colored titanium coin, courtesy Pobjoy Mint. The green 36.10 mm, 10.00 g $1 features a pair of the country’s national bird on the reverse: Collared Lories. Mintage is 7,500. The same design is available on a 38.60 mm, 28.28 g .925 fine silver $2, which has a mintage of 2,000. The common obverse features Fiji’s Coat of Arms. Each green Collared Lory dollar is technically different and varies slightly in color as a result of the differing responses of each titanium flan to each strike during the minting process.   This article was originally printed in World Coin News . >> Subscribe today.   More Collecting Resources • Check out the newly-updated Standard Catalog of World Coins, 2001-Date that provides accurate identification, listing and pricing information for the latest coin releases. • Are you a U.S. coin collector? Check out the 2018 U.S. Coin Digest for the most recent coin prices. The post Green titanium...

The CCAC advises the Treasury on historic new coins, part 1: Lowell National Historical Park quarter

Background image courtesy of AgnosticPreachersKid. The following is the first of a six-part series currently running on our sister site, Coin Update .  The Lowell National Historical Park Quarter This past Tuesday, September 19, 2017, I enjoyed a leisurely breakfast with fellow Citizens Coinage Advisory Committee (CCAC) members Thomas Uram and Erik Jansen on H Street in downtown Washington, D.C. We were in the nation’s capital for a meeting of the CCAC. The committee’s main agenda item: to review design proposals for five upcoming America the Beautiful quarter dollars and one Congressional Gold Medal. A new addition to CCAC member Tom Uram’s collection: A 1935 silver medal. Breakfast was relaxed because we’d started the morning early, well before our 8:30 administrative meeting, giving us time to visit and catch up over eggs, bacon, and steel-cut oats. Tom, a financial adviser by trade, showed us photos of a large silver 1935 Met Life medal that he’s going to research. I...

Pricing at ANA auction proves steady

By Bill Brandimore Like many of you, I received a recent email from Heritage Auctions indicating that it was raising buyer’s commissions for numismatic auctions to 20 percent. This was being done to stay competitive. I called Allen Mincho, director of auctions at Heritage, for more information on this change. He explained that Stack’s Bowers had raised its rates to 20 percent a few days earlier and Heritage was merely staying at the same level as competitors. Buyers, he noted, take into consideration commission fees as they construct their bids and will continue to do so with the new rates. So, if you’re buying a note you feel is worth $5,000 to you, you will probably stop bidding at $4,200—thus offering $5,000 in reality for a note you value at that level. I have known Allen for well over 30 years and consider him an honest and reputable figure in the currency business. So, as he says, we will probably just see business as usual. In other matters, I discussed at length my pricin...

Gold Marks 6-Week Low, Palladium and Platinum End at Same Level

Precious metals futures declined Wednesday, aside from palladium which climbed to settle at the same price as palladium. Gold and silver closed at six-week lows. Gold for December delivery shed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]