The U.S. Mint's June 27 allocation of 2,837,500 American Eagle silver bullion coins is the highest weekly allocation to authorized purchasers since the Jan. 11 availability of 4 million coins. The Mint sold the year's first weekly allocation of 4 million coins in four days. Weekly sales have begun to slow over the past month.
While the U.S. Mint's design development team at the Philadelphia Mint is feverishly working toward striking an American Eagle, High Relief 1-ounce palladium $25 bullion coin, the task is unlikely to be completed for a coin dated 2016, U.S. Mint Acting Quality Manager Ronald J. Harrigal said June 27.
Ohio Governor John Kasich signed Senate Bill 172 on June 14, providing for a sales tax exemption on investment coins and gold, silver, platinum and palladium bullion items. The law's provisions go into effect Jan. 1, 2017, making Ohio the 34th state to have a complete or partial sales-tax exemption on the retail sales of precious metal numismatic and bullion items.
The value of the pound and euro are tanking Friday morning after the United Kingdom voted to leave the European Union, and the value of gold and silver are flying high. Safe-haven precious metals purchasing is likely behind the surge in the prices of gold and silver, which currently stand at $1,321.30 and $17.81 per ounce, respectively, according to Bloomberg.
A reported team of two dozen explorers and mining specialist are pursuing plans to open in 2019 Egypt's first new deep mine for gold. According to reports from CNN and NewsOK.com, much of the exploratory drilling is being conducted in Egypt's eastern desert, between Luxor and Hurghada.
Silver stackers and bullion buyers can now add something a little “super” to their investments. The Royal Canadian Mint on June 14 launched 1 million Superman 1-ounce .9999 fine silver $5 bullion coins. This is the latest and most affordable coin from the RCM honoring Superman, a pop culture icon who has inspired countless characters in the DC pantheon.
The top five gold mining companies are charting their own futures as the price of gold continues to rise toward the $1,400 an ounce mark, according to market analyst Adam English, an editor for Outsider Club. English examines the present and future mining endeavors for Barrick Gold Corp., Newmont Mining Corp., Newcrest Mining Limited, Goldcorp Inc., and Agnico Eagle...
A hefty gold ingot produced during the Gold Rush by San Francisco’s Kellogg and Humbert, Assayers, sold for $140,400, leading Bonhams’ June 6 Coins and Medals auction in Los Angeles.
More than half of the American Eagle silver bullion coins allocated to authorized purchasers June 20 by the U.S. Mint reflect unsold coins carried over from previous weeks' allocations. The June 20 allocation of 2,204,500 coins reflects the week's primary allocation of 1 million coins, with the remaining 1,204,500 coins from unsold coins carried over from previous weeks'...
Silver, so long an element of pocket change that many people still refer to their dimes and quarter dollars as “silver,” disappeared from coins gradually from the 1940s to the 1960s. Then, a few years later, came the birth of the silver bullion coin, now one of the more avidly collected forms of the metal worldwide.