Gold Eagle Price

Last week, the American Numismatic Association (ANA) announced that the 2020 World's Fair of Money is suspended due to COVID-19 restrictions. The highly anticipated show had been scheduled for August... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Precious metals declined Wednesday. Platinum and palladium sank with respective losses 5% and 3.2%. Silver lost 2.2% while gold eased 0.4%. Losses in platinum, gold and silver were their first in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Richard Giedroyc The Mint temporarily suspended production at its West Point facility beginning April 15. (Image courtesy U.S. Mint) A shortage of COVID-19 respirator masks, then a shortage of toilet paper, an economic shutdown, and now a shortage of coins? We’ve been nickeled and dimed with extra expenses during the coronavirus pandemic, but now even those nickels and dimes appear to have vanished. Even cashless society advocates are scratching their heads. If people are using less cash, then why is the demand for coins outstripping supply? News of the shortage came straight from the top: Federal Reserve Chairman Jerome Powell. Powell’s announcement was made during a June 17 virtual hearing involving the Fed chief testifying before the House Financial Services Committee. Powell said, “With the partial closure of the economy, the flow of coins through the economy has gotten all – it’s kind of stopped.” Powell continued, “The places where you go to give your coins, and get cr...

Precious metals logged gains as a group for a second straight session Tuesday. Gold was the biggest winner, posting its best close since 2012. Gold for August delivery tacked on $15.60, or 0.9%, to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A 1942-D regular strike Jefferson nickel graded PCGS MS-67. (Images courtesy Professional Coin Grading Service.) With all the new interest in nickels thanks in large part to the special designs of 2004 and 2005, it would seem like the right time to take another and more serious look at Jefferson nickels . If we do, what we may find about the 1942-D could be very surprising. Historically speaking, there has been very little time spent in the serious study of Jefferson nickels. The 1950-D was the most sensational, the 1939-D was the key in Mint State, with the 1939-S being better in Mint State – and that was about all you needed to know when it came to Jefferson nickels. In fairness, there are other interesting Jefferson nickels like the 1938-D and 1938-S, which were low-mintage but also very heavily saved as the first year of issue. There were also the special war-time coins from 1942-1945 with their 56 percent copper, 35 percent silver and 9 percent manganese compositions. It has...

By F. Michael Fazzari The obverse of a flatly struck Buffalo nickel. Coin grading is a subjective examination made to assess a coin’s condition of preservation. Its grade will help determine its desirability and value in the marketplace. Unfortunately, there are several characteristics on coins that ensure commercial grading will always be very subjective. Before continuing, let’s make sure you understand what commercial grading actually is. I tell students it is the act of placing a value on a coin. That’s what coin dealers and third-party grading services (TPGS) do on a daily basis. While the four major TPGS are fairly consistent in this regard, taken as a group, coin dealers are not. Now, rather than getting into the weeds discussing the merits of that last sentence, I’ll continue with the subject of this column. Commercial coin grading is difficult. I believe one of the main reasons the top two TPGS came into existence was the original TPGS were not satisfying the needs of t...

Five years ago, Secretary of the Treasury Jacob “Jack” Lew announced that the Treasury was redesigning the $10 Federal Reserve Note and that the portrait was to feature a woman. Treasury planned to release the new note in 2020 to coincide with the 100th Anniversary of the passage of the 19th Amendment granting women suffrage. […]