The U.S. Mint has sold the last of its 2016 American Eagle 1-ounce .9995 platinum bullion coins to its authorized purchasers. The bureau took orders on Aug. 26 for the final 1,000 coins available. The Mint made only 20,000 coins available for purchase when the coins first went on sale July 25.
The Minnesota Bullion Coin Dealer Law passed three years ago covered all coin dealers and regulated transactions that occurred entirely outside of Minnesota, and dealers found it impossible to determine which consumers and transactions were regulated under the law. Two years and hundreds of hours of work by ICTA led to enactment last May of legislation that...
Also popular this week were posts about the American Liberty silver medal that became unavailable only minutes after its release, and a man with little numismatic knowledge stumbled upon an amazing rarity while going through his deceased father’s possessions.
An Australian man who has spent his weekends the past 10 years prospecting for gold with a metal detector has unearthed a 145-ounce gold nugget valued at $250,000 AUD ($190,282 in U.S. funds). The discovery was announced Aug. 25 in Australia, by Minelab, the metal-detecting equipment manufacturer whose flagship GPZ 7000 model metal detector was used to locate the...
Tokyo is one of the biggest tech hubs in the world, and the gold and silver in electronic devices disposed of by the people of Japan e-waste amounts to 16 percent and 22 percent, respectively, of the world's supply of e-waste, according to Nikkei Asian Review.
It took just six minutes Aug. 23 for the U.S. Mint to receive sufficient orders to consume the maximum product limit of 12,500 each of the Proof 2016-S and 2016-W American Liberty silver medals. The medals, struck at the San Francisco and West Point Mints, were offered at $34.95 per medal, with a maximum household ordering limit of two of each medal, for a total of...
The U.S. Mint's 2016 sales of American Buffalo 1-ounce gold and American Eagles 1-ounce silver bullion coins are trailing 2015's pace while cumulative sales of American Eagle 1-ounce gold bullion coins are higher than a year ago. Through Aug. 16, the U.S. Mint recorded sales of 462,500 American Eagle 1-ounce .9167 fine gold $50 gold coins. For 2015, sales through the end of...
The iinvestment research firm Zacks.com studied palladium as a precious metal and makes recommendations to investors. The firm reports that palladium futures recently climbed to a 14-month high, including a July surge to the largest one-month price gain in eight and a half years.
Britain's Royal Mint Ltd. for fiscal year 2015–2016 recorded the highest sales revenue in its 1,100-year history, with demand for gold and silver bullion issues leading the way. “Significant growth in the precious metal trading activities of the company’s Bullion division made a major contribution to this outcome, with increased competitiveness in the U.S. silver market at...
The U.S. Mint was nearly sold out Aug. 9 of its maximum production of 1-ounce platinum 2016 American Eagle bullion coins. The West Point Mint struck 20,000 coins for availability to authorized purchasers beginning July 25.
