The United States holds nearly 25 percent of the world's identified gold reserves, based on the latest International Financial Statistics from the International Monetary Fund or IMF. Karus Chains took the statistical data and created a global map pinpointing the 18 countries and two institutions that control 88 percent of the world's gold reserves.
Collector Eugene Herr Gardner, whose collection of United States coins realized more than $57 million at auction, died July 16 in Lancaster, Pa., at age 80 from complications of multiple myeloma. Heritage Auctions President Greg Rohan, who developed a strong friendship with Mr. Gardner, made the announcement online soon after Mr. Gardner’s passing.
2016 American Eagle 1-ounce platinum bullion coins will be offered for sale by the U.S. Mint to its authorized purchasers beginning July 25 under an allocation system that is based on previous order placements for the bullion coins. The U.S. Mint last offered its platinum bullion coins in 2014.
Authorized purchasers may now order as many American Eagle silver bullion coins as they want after the U.S. Mint lifted its weekly ordering restrictions July 18. The weekly allocations limited the number of coins each authorized purchaser could buy based on their previous buying history.
Collectors of Draped Bust and Capped Bust half dollars will have dozens to vie for in Sheridan Downey's Aug. 10 mail-bid sale. The 78-lot sale, to close at 6 p.m. Pacific Time, is being held in conjunction with the American Numismatic Association World Fair of Money in Anaheim, Calif.
Professional Coin Grading Service has graded and encapsulated as Mint State 66 what is now the 15th known example of the (2000)-P George Washington State quarter dollar obverse/Sacagawea dollar reverse double denomination mule error. The newest piece reported has been acquired by New Mexico collector Tommy Bolack. With his latest purchase, Bolack now owns 11 of...
The highest denomination U.S. paper money currently in use in general circulation is the $100 Federal Reserve note, which bears the portrait of statesman and inventor Benjamin Franklin on its face. The latest issue, the Series 2009 $100 Federal Reserve notes, printed under the NextGen program and incorporating sophisticated anti-counterfeiting devices, began...
A nearly 30-ounce duplicate gold medal struck as a replacement for the medal originally presented in 1852 by the citizens of New York to statesman Henry Clay but subsequently stolen will be offered at auction Sept. 17 in Dallas. A committee of New York citizens commissioned the medal recognizing Clay’s achievements as “The Great Compromiser.”
Silver and gold were among the top 10 investments during the first six months of 2016, according to the Wall Street Journal. Market analyst Mike Fuljenz from Universal Coin and Bullion in Beaumont, Texas, notes that investing in the two precious metals have already gotten off to a strong start in the second half as well.
The U.S. Mint's inventory of unsold American Eagle silver bullion coins continues to climb as authorized purchasers trim orders because of their own rising inventories. The firms that buy the bullion coins from the Mint also buy back the coins on the secondary market. Some have recently purchased significant numbers on the secondary market, as investors dump the...