The current gold slump is a global trend: Coin World Buzz
- Published: Jun 11, 2015, 6 AM
1. Gold trouble
"Gold sales from Australia’s Perth Mint, which refines all the bullion output from the world’s second-biggest producer, tumbled in May to the lowest in three years," the Bloomberg report reads. "Global demand for jewelry, coins and bars fell 5 percent in the first quarter from a year earlier as shoppers in the Middle East and China reined in purchases, the World Gold Council said May 14."
2. Partrick postponed
“Because the family [of Donald G. Partrick] has no immediate use for additional funds, and Don continues to delight in his collection, they proposed an extension agreement,” said Heritage co-chairman James Halperin.
3. Making cents
4. Problems with the law
Laws that require merchants to gather extensive personal information from customers when making a transaction are causing problems for some businesses in the numismatic hobby.
5. Precious metals pricing
Kitco.com listed the following prices per ounce as of 9:57 a.m. ET Wednesday:
6. Hot topics
Check out the three most-read stories of the last seven days:
- Collector discovers new variety for 1896 Indian Head cents
- Collectors discover doubled dies on America the Beautiful quarter dollars
- U.S. Mint explains depletion of inventory of 2014-W Eleanor Roosevelt First Spouse gold
7. Something social
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