In a town with a gold-rush history, even the storm drains aren’t safe. KCRA, NBC’s affiliate in Sacramento, reported last week that a pair of gold-diggers were heard, but not seen, panning for gold in the storm drain beneath a restaurant in Auburn, Calif.
The U.S. Mint reports 29,500 ounces worth of the gold bullion coins have been sold as of Oct. 28, likely heading toward to a month-end total down significantly from July, August and September, when 170,000, 101,500 and 125,500 ounces were sold, respectively.
In 2013, a unique wrong planchet error 1998 silver American Eagle, struck on a commemorative silver dollar blank, was discovered. Since the weight, metal, and diameter are very nearly the same as for a normal silver American Eagle, it is entirely possible another of these is out there, possibly in an investor's "monster box."
The Perth Mint on Oct. 12 announced the return of its popular Oriana gold bars. Initially distributed from 2006 to 2010, Oriana gold bars return to the market as an exclusive product from American Precious Metals Exchange
At least 55 different categories for gold bullion bars trade globally, according to research conducted by Grendon International Research in Australia. Different exchanges, like those in London and New York City, can use different classes of bars.
Fuljenz notes that he predicted long ago that Wall Street would probably give up the first $100 gain in gold before they got on the gold bandwagon, since they are basically “trend followers,” not contrarian analysts. Sure enough, last week’s bullion holdings in “GLD” (the largest gold exchange traded fund, or ETF), representing the net new purchases of gold for...
Add another 886,000 American Eagle silver bullion coins to the U.S. Mint's calendar year 2015 sales total. The U.S. Mint reported that of the 970,000-coin weekly allocation announced Oct. 19, 699,500 coins were ordered by authorized purchasers Oct. 19 and another 186,500 coins on Oct. 20, leaving 84,000 available coins.
It’s time to catch up on the week that was in numismatic insights and news. Coin World is looking back at its five most-read stories of the week, according to reader metrics. Click the links to read the stories. Here they are, in reverse order.
Tom Power, the president, CEO and owner of Sunshine Minting, says production of silver bullion products at the main plant in Coeur d'Alene, Idaho, and the satellite facility in Las Vegas is running at capacity. No shortage of silver exists, he said, but what is lacking is the ability of firms like his to produce enough silver planchets to meet demand.
Authorized purchasers placed orders Oct. 13 with the U.S. Mint for 845,500 of the 1 million American Eagle silver bullion coins available for the weekly allocation. The weekly allocation was announced Oct. 13 because of the government's closing on Oct. 12, Columbus Day.