Kitco reports the price of gold closed at $1,257.65 per ounce April 4, up from a $1,198.80 close on March 15. It’s the highest closing price of 2017 for gold. The previous 2017 high was a $1,257.55 close on March 27.
As managing editor William T. Gibbs explains in his latest Editorial Opinion, it’s not the first attack on the paper dollar. Calls for its elimination have been voiced since the 1970s.
Also this week, a hoard of gold coins turns up in an unexpected place, a $4 million gold coin is stolen from a German museum, and we preview the sale of a bar of silver that was recovered from one of the world’s most famous shipwrecks.
The Royal Mint launched its new 12-sided £1 coin into circulation on March 28 after months of build-up, and Twitter users were encouraged by @RoyalMintUK to share photos of first-day finds with the hashtag #FoundThePound.
In several weeks, new 12-sided £1 coins will likely start showing up regularly in normal circulation, but if you want to get your hands on Uncirculated examples more quickly, you might want to get to one of the banks listed as a source in The Sun newspaper in London.
We at Coin World report often on fake U.S. coin rarities coming from China, but not so often about fake Chinese coin rarities.
On the morning of July 11, 1792, U.S. Secretary of State Thomas Jefferson took a two-block stroll through the streets of Philadelphia, on him $75 worth of his own silver. It would turn out to be a historic stroll, especially in the eyes of coin collectors.
The United States Mint plans to strike five different 2018 World War I Armed Forces silver medals in conjunction with the 2018 World War I American Veterans Centennial silver dollar commemorative coin program.
Also this week, readers were interested in posts about counterfeit Federal Reserve notes circulating in Canada, and a “entry-level” 1907 Saint-Gaudens, High Relief gold double eagle that still isn’t cheap.
The first two weeks of March have not been kind to gold and silver spot prices. A major announcement from Federal Reserve Chairman Janet Yellen might have something to do with it.