Gold Continues Decline for Day Five, Stocks Tumble

Gold ended slightly lower Wednesday, marking the fifth consecutive day the yellow metal has declined. Again cited as the catalyst for the loses was a rallying US dollar. Silver and platinum also fell, as did crude oil which plunged 2.6 percent. US stocks followed along, with the three major indexes tumbling between 1.2 percent and [...]

Heritage Auctions Realizes $8.7 Million in Dallas U.S. Coin Auction

1879 Flowing Hair stella leads the way with $161,000; strong prices signal optimism in the market DALLAS, TX — With a sell-through rate of 90% by lot and 88% by dollar value, and almost 3300 bidders, Heritage Auctions’ Oct. 23-24 Dallas Signature® U.S. Coin Auction soared to $8.7 million total. All prices include a 15% [...]

US Mint Bullion Gold Buffalo Coins Top 110K

The United States Mint has sold 110,500 one-ounce American Buffalo $50 Gold Bullion Coins since they were released on Thursday, Oct. 15, 2009. To place that in perspective, in less than two weeks bullion dealers have purchased 64.2 percent of the total (172,000) that was sold in all of 2008. There appeared to a touch [...]

Gold Drops for Fourth Day, Silver Plunges, Stocks Mixed

New York gold futures ended lower Tuesday for the fourth straight day as the US dollar advanced on news of a decline in consumer confidence. Silver was hit exceptionally hard for the second straight day, falling more than 3 percent. Platinum declined as well. In other markets, crude oil finished 1 percent higher and US [...]

Gold 1879 Flowing Hair Stella coin tops Dallas auction

A rare 1879 gold coin was the star lot of a recent numismatic auction held by Heritage Auction Galleries in Texas last week. The Dallas Signature US Coin Auction saw a gold Flowing Hair Stella sell for $161,000 (£98,007), reflecting the current high demand for a piece that was made in a limited quantity.The news [...]

Implats offers Khotso Mokhele the chair

South Africa’s second-largest platinum miner, Implats, on Thursday offered the position of chairperson of the board to incumbent non-executive director Dr Khotso Mokhele. The overture to Mokhele follows the acrimonious sacking of Dr Fred Roux. Implats said in a Stock Exchange News Service announcement that it would consider Mokhele appointment as its new chairperson at [...]

PCGS Helps Police Nab Counterfeits Suspect

(Santa Ana, California) – Information provided to Northern California law enforcement authorities by Professional Coin Grading Service led to the arrest of a suspect who is now under investigation in connection with the sales of fraudulently altered Morgan dollars in tampered PCGS holders for nearly $300,000. CLICK TO ENLARGE: These four photographs show a tampered [...]

Coin News: 2008 Proof, Mint, and Chronicles Set Values; Fake Coins; Errors

Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles: 2008 mint and proof sets strong Harry Miller | Numismatic News Mint sets have [...]

Buy Gold Bullion

When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]

Zimplats to complete Ngezi initial expansion study in early 2010

Zimplats, a unit of South Africa’s Impala Platinum, would complete a preliminary study on the second phase of the Ngezi expansion project by the first quarter of 2010, the company said on Wednesday. The second phase expansion would consist of a two-million ton a year underground mine, a concentrator module of the same capacity, and [...]

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