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Tales of pirates and buried treasures have always sparked interest with the common western civilian, but very rarely has a tale of excavation and digging garnered the amount of attention that the Oak Island "Money Pit" has without yielding much of major significance. Today's Buzz takes a look back at a 2008 podcast from Brian Dunning of Skeptoid during which he...
No 2016 Shawnee National Forest 5-ounce silver bullion coins are recorded as sold by the United States Mint to its authorized purchasers in the past three weeks. Sales are stalled at 105,000 coins of the initial 120,000 authorized to be made available as bullion strikes. The Mint established a mintage ceiling of 150,000 coins, with the difference of 30,000 initially...
For the first few months of 1980, the silver market had been slipping as the rules tightened on the Hunt Brothers’ silver scheme. On March 27, (known as “Silver Thursday”) silver opened at $15.80 and closed at $10.80 as the Hunt Brothers reportedly initiated a massive selloff of silver and contracts to meet their obligations. Commodities and the futures market...
Bloomberg News is reporting the recent rise in the closing spot price of silver is being supported by a reduction in mining the base metals from which silver is often derived as a byproduct. Thomas Biesheuvel and Agnieszka De Sousa write that mining companies are cutting back on mining copper, zinc and lead, operations that may also yield quantities of silver. The...
Counterfeit Proof American Eagle and American Buffalo 1-ounce gold $50 coins have been reported in Ohio encapsulated in fake Numismatic Guaranty Corp. plastic holders with counterfeit grading label inserts. The counterfeits surfaced in the Greater Columbus area at a retail coin shop whose owner wishes to remain anonymous.
Some 2016 American Eagle 1-ounce gold bullion $50 coins submitted to Numismatic Guaranty Corp. received final grades three to five grade points lower than expected because of damage caused by coins with higher obverse relief than normal being stacked together in the usual packaging tubes. U.S. Mint officials confirm the production of up to 63,000 of the coins having...
Also this week, Kuwait marked with coins the 25th anniversary of Desert Storm, the U.S. Mint announced when the 2016-W Winged Liberty Head Centennial gold dime will be made available for purchase, and our Monday Morning Brief focused on the recent rash of counterfeit discoveries.
A well-known Dallas precious metals dealer recently announced that it now accepts Bitcoin as a standard form of payment, CoinDesk reports. JM Bullion is one of several American-based precious metals dealers (Agora Commodities and Amagi Metals are two others, per CoinDesk) that now accept the digital currency, through a partnership with the start-up bitcoin...
The surging price of gold has been a major story in the financial sector so far in 2016, but some believe the peak has been reached, or will be soon. Reuters reported from London on March 16 that the price of gold dropped for the fourth straight day, ahead of an announcement by the U.S. Federal Reserve later on March 16 regarding interest rates.
Another week. Another million silver bullion coins available. The U.S. Mint's authorized purchasers placed orders March 14 and 15 for 967,500 of the 1 million American Eagle silver bullion coins allocated for the week beginning March 14. That left just 32,500 coins left for purchase on March 16, with no more available until the March 21 weekly allocation. Cumulative sales...
