Collecting News

2012 Infantry Silver Dollars and Freedom Set Sales Debut

February 22 2012 by admin in News |No Comments

Collectors purchased 54,675 Proof and Uncirculated 2012 Infantry Soldier Silver Dollars between Thursday and Monday

Debut sales for the 2012 Infantry Soldier Silver Dollars and the companion 2012 Infantry Soldier Silver Dollar Defenders of Freedom Set were released on Wednesday by the U.S. Mint. Their sales start was faster than last year’s 2011 Medal of Honor Commemorative Coins but slower than the opening demand for 2011 U.S. Army Commemorative Coins. [...]
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In The Lead – Cheers or Jeers?

February 22 2012 by admin in News |No Comments

http://www.kitco.com/

Precious Metals Commentary Gold and silver prices headed lower this morning while platinum and palladium extended their Tuesday rally with fairly hefty additional gains. [...]
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You want that in small bills?

February 22 2012 by admin in News |No Comments

Did you see the news about Italian authorities seizing roughly $ 6 trillion in fake Treasury bonds in Switzerland?

Even in this day and age of large numbers, such as our $ 3.8 trillion federal budgets and a $ 15 trillion national debt, you have to wonder what the forgers of these securities were thinking.

We were not told how good these fake bonds are, only that they were stored in three large trunks at a Swiss trust company.

But does anybody believe that such a sum can be obtained even if the bonds were so good that the famous bankers of Switzerland are fooled?

One iron rule of counterfeiting is that to successfully pass something, you just can’t afford to call attention to yourself.

I think $ 6 trillion would put anyone in the spotlight even if they wore dark glasses and turned up the collar on their overcoat.

Someone might even place a call to Treasury Secretary Timothy Geithner about such a sum. It is six times the total of all of the U.S. paper currency in circulation.

Imagine trying to walk out of a bank lobby with that much cash stuffed in your pockets.

Our poor old chairman of the Federal Reserve System, Ben Bernanke, can’t even spend 10 percent of that sum over the course of eight or nine months without being noticed.

They are still talking about his $ 600 billion of QE2, or the second round of quantitative easing that ended last June.

What chance do the poor counterfeiters have trying to pass 10 times that amount?

We can’t have them making Bernanke look like a piker, now can we?

Numismatic News » Buzz

2012 Chinese Silver and Gold Panda Coins Available

February 21 2012 by admin in News |No Comments

Continuing a coin series dating back to the early 1980′s, new Chinese Panda silver and gold commemorative coins have been issued by the Shenzhen Guobao Mint. The precious metal coins actually debuted late last year and feature a new reverse containing the image of a mother panda and her cub.

2012 Chinese Gold and Silver Panda Coins

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Gold Rallies Nearly 2% as Silver Jumps $1.21, Bullion Silver Eagles Top 7M

February 21 2012 by admin in News |No Comments

Fine Gold Bars Gold advanced 1.9% Tuesday after Greece secured a second bailout from the European Union.

"Gold gets a boost from the EU kicking the can down the road," Reuters quoted said Rob Kurzatkowski, senior commodity analyst at optionsXpress. "Not only does the bailout perhaps delay the inevitable (Greek bankruptcy), but it also opens the door for higher inflation across the euro zone." [...]
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In The Lead – Greek Drama And Icelandic Saga

February 21 2012 by admin in News |No Comments

http://www.kitco.com/

Precious Metals Commentary The long-awaited "Eurogroup" rescue package for Greece was finally agreed to in Brussels this morning and European equity markets promptly headed… lower (?!) in the wake of the news. The EU/ECB/IMF trio is into the Greek rescue by almost a half a trillion dollars at this point, and the latest life-preserver contains what is being labeled as a ‘significant contribution’ by the IMF. [...]
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Failure to remember?

February 21 2012 by admin in News |No Comments

Did you remember where you were 50 years ago yesterday when astronaut John Glenn blasted off from Cape Canaveral, Fla., in Friendship 7 to become the first American to orbit the earth?

Five decades is a long time to remember an event, but I happen to be someone who can remember it?

Why?

My grade school considered the event so important that we kids were invited to view it on televisions placed in various locations around the school.

The set I watched the blast-off on was in the hallway outside my classroom.

It was the only time while I was in school that an event from the space program caused us to stop what we were doing.

There were many events that characterize the decade of the 1960s, but it seems to me the space program gets short shrift.

Sure the Apollo 11 moon landing was celebrated on the reverse of first the Eisenhower dollar starting in 1971 and then the Anthony dollar in 1979, but there is nothing else.

I editorialized in the 1980s that the space shuttle should be on a commemorative.

The response from Mint Director Donna Pope was that a space shuttle on a coin would soon look old-fashioned.

Well, yes it will someday. That’s precisely the point. Milestones of history are reminders of what came before us.

The space program is a series of events worthy of commemoration. That we as a nation have done little to mark our progress with silver and gold coins will look to be strange to future generations.

Numismatic News » Buzz

Titanic Centennial Commemorative Coins Issued by UK Royal Mint

February 20 2012 by admin in News |No Comments

The Royal Mint has released two commemorative coins marking the 100th anniversary of the maiden voyage of RMS Titanic, the White Star Line passenger liner that struck an iceberg in the north Atlantic Ocean resulting in the death of 1,517 of 2,223 passengers.

Titanic Centennial Commemorative Coins – Proof and Brilliant Uncirculated

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Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats

February 18 2012 by admin in News |No Comments

Fine Gold Bars Gold was nearly unchanged this week as prices climbed a modest 60 cents following a loss of $ 15.00 last week. Other precious metals retreated for the week. And with silver’s 1.2% loss, investors were less keen on American Silver Eagles as its weekly sales were handily the worst of the year.

As for gold, it garnered little to no support from a U.S. Labor Department report on Friday which showed that U.S. inflation rose 0.2% in January — the largest increase since September. [...]
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America’s Founding Fathers 2012 Currency Set Release

February 17 2012 by admin in News |No Comments

The Bureau of Engraving and Printing (BEP) has announced its upcoming America’s Founding Fathers 2012 Currency Set, featuring George Washington and Thomas Jefferson bills.

America's Founding Fathers 2012 Currency Set

Each currency set has a Series 2009 $ 1 note with a portrait of George Washington and a Series 2003A $ 2 note with Thomas Jefferson’s portrait. They are from the Federal Reserve Bank of Minneapolis with matching serial numbers that begin with "2012."

The release is scheduled for Tuesday, February 21, 2012 at 8:00 AM Eastern Time (ET) and the price is $ 19.95. A household order limit of 50 sets will be in place until Sunday, March 4. If inventory remains beyond that day, the household limit will be removed and bulk pricing will be available for $ 16.95 for orders containing 50 sets or more.

In all, up to 9,000 sets will be produced and sold in 2012, making the America’s Founding Fathers 2012 Currency Set a limited-edition. Special packaging includes a decorative tri-fold display folder, and the notes are protected in a clear acid-free polymer sleeve. Shipments will start on March 5, 2012.

When available, the set may be purchased directly from the BEP online store at www.moneyfactorystore.gov.

About the BEP

The Bureau of Engraving and Printing is the largest producer of security documents in the United States. The bureau prints billions of Federal Reserve Notes for delivery to the Federal Reserve System each year. These notes are produced at facilities in Washington, DC, and Fort Worth, Texas.

In addition to U.S. currency, the bureau produces several other security documents such as portions of U.S. passports, materials for Homeland Security, military identification cards, and Immigration and Naturalization Certificates.

Coin News

Collecting News

2012 Infantry Silver Dollars and Freedom Set Sales Debut

In The Lead – Cheers or Jeers?

You want that in small bills?

2012 Chinese Silver and Gold Panda Coins Available

Gold Rallies Nearly 2% as Silver Jumps $1.21, Bullion Silver Eagles Top 7M

In The Lead – Greek Drama And Icelandic Saga

Failure to remember?

Titanic Centennial Commemorative Coins Issued by UK Royal Mint

Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats

America’s Founding Fathers 2012 Currency Set Release

About the BEP

United States Mint Press Releases/Public Statements

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United States Mint Product Information Updates

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