During the surge of the spot price of silver leading up to the $50 an ounce in February 1980, it was a common sight to find people giving up family heirlooms made of the precious metal to profit from the increase in the metal price. That's not always a good idea; some heirlooms are worth much more as works of art.
Designs proposed for congressional gold medals honoring Native American Code Talkers from the Pueblo of Laguna and Saint Regis Mohawk tribes were recommended Oct. 7 by the Citizens Coinage Advisory Committee. The medals are among 33 to be issued under provisions of the Code Talkers Recognition Act of 2008, Public Law 110-420.
The Citizens Coinage Advisory Committee Oct. 7 recommended designs for the reverses of the 2017 and 2018 Native American dollar coins. The recommended reverse for the 2017 Native American dollar features a profile of Sequoyah, a Cherokee silversmith and inventor of the Cherokee Syllabary, creating the original characters for the syllabary.
India has overtaken the United States as the world’s largest importer of silver.Silver market analyst Steve St. Angelo reports that the United States and India combined are projected to import in 2015 a total of 533 million ounces of silver, accounting for 63 percent of the forecasted global mine supply of 830 million ounces.
The People's Bank of China is amassing tons of gold in an apparent effort to become the gold trading center of the world, according to Mike Fuljenz, a gold dealer and market analyst. According to EconomicInfoHub.com, China has spent the past six years importing thousands of metric tons of gold and buying all of its own domestic production.
World experts in precious metals will descend on Lima, Peru, May 17 and 18, 2016, for the 12th International Gold & Silver Symposium. The conference is slated to be held at the Westin Lima Hotel & Convention Center. The symposium is organized by the National Mining, Petroleum and Energy Society of Peru.
Orders will be accepted by the U.S. Mint beginning at noon Eastern Time Oct. 27 for the 2015 Lyndon B. Johnson Coin and Chronicles set. The set is the fourth and final Coin and Chronicles set to be released in 2015. The Truman set was released on June 30, the Eisenhower set on Aug. 11, and the Kennedy set on Sept. 24.
Several U.S. Mint customers who were able to place orders for the 2015 Dwight D. Eisenhower Coin and Chronicles sets before the noon Eastern Time launch Aug. 11 will not have their orders processed, according to Tom Jurkowsky, director of the Mint’s Office of Corporate Communications.
The U.S. Mint sold more coins during the third quarter of 2015 than the entire first half of the calendar year, according to U.S. and bullion coin dealer and analyst Mike Fuljenz.
A newly discovered variety of 1851-O Seated Liberty dime is missing star 7, the likely result of grease or other matter becoming trapped in the recesses of that element of the coin's obverse coinage die.