1863 Battle of Gettysburg Silver Coin

The Famous Battles five coin series from The Perth Mint of Australia has proven to be extremely popular among collectors, with the first two already sold out. Closing out this collection, the Mint has released the one-ounce 1863 Battle of Gettysburg Silver Proof coin. Read More…

Weekly Silver Prices Fall More Than 7%

The pullback in silver prices that began last Friday continued through the week, as commodities were pressured lower mostly due to a stronger U.S. dollar, according to reports.

Silver plunged in both London and New York, with respective weekly drops of 7.0% and 7.7%. It was the worst performer in the precious metals group.

New York silver futures for March delivery finished Friday at $17.09 an ounce, plunging $1.43 to easily discard the prior week’s 21.8 cent gain.

London silver was fixed at $17.51 an ounce, falling $1.32 for the week. It ranged from a high of $18.83 on Monday to a low of $17.39 on Thursday. Despite the large weekly loss, the metal is still up more than 62% this year.

Silver has a period of seasonal strength from the end of October to the end of May. Silver has gained in nine of the past 10 periods for an average gain per period of 21.4%," writes Don Vialoux via National Post. "Although silver is responsive to changes in the price of gold, it tends to have a greater correlation with base metal prices that also have a period of seasonal strength from the end of November to May."

London precious metal weekly prices follow: Read More…

Braille Silver Dollars Sales End Today, 5PM ET

As announced by the United States Mint in early November, all commemorative Braille offerings will go off sale today, Dec. 11, at 5:00 PM ET. The silver coins celebrate the bicentennial birth of Louis Braille, who is most remembered for inventing the Braille system for reading and writing by the blind and visually impaired.

Numismatic proof and uncirculated Braille Silver Dollars first went on sale Mar. 26 at introductory prices of $37.95 and $31.95. One month later they were raised to the current prices of $41.95 and $33.95.

Additionally, on Oct. 8 the US Mint introduced the Braille Education Set for $44.95, which included an uncirculated Braille $1 with special packaging that has genuine Braille text — a first time event for the US Mint, much like the silver dollar is the first ever coin with readable Braille. Along with another option that includes an uncirculated dollar within packaging that can quickly be opened to touch the dollar, that brought the total product options up to four.

The following our the latest sales stats for each, as of Sunday, Dec. 6: Read More…

US Mint Silver Coin Sales Rise Across the Board

It is rare when it can be said that the US Mint’s entire collection of silver coin products improved over prior weekly gains. That is exactly what happened according to the latest United States Mint sales report covering from Nov. 30 to Dec. 6. Read More…

Silver Ends with Weekly Gain, Despite Friday Fall

Silver ended the week up in London and New York despite a pullback on Friday following a government report that helped drive the US dollar to its biggest gain since 1999, making precious metals less attractive.

A Labor Department report released Friday showed employers cut fewer jobs in November, bringing the unemployment rate down to 10 percent from 10.2 percent.

With that, gold tumbled and silver followed. Still, the metal marked a 6.1 percent increase in London and a 1.2 percent rise in New York.

New York silver futures for March delivery — the new, most active contract — ended Friday at $18.52 an ounce. In contrast, the December contract closed last Friday at $18.302 an ounce, accounting for the 1.2 percent, or 21.8 cent difference.

London silver was fixed at $18.83 an ounce, rising $1.09 for the week. It reached a high on Wednesday of $19.18 an ounce. Despite a Friday decline of 28 cents, the metal is still up $8.04, or 74.5 percent from the $10.79 London price set on Dec. 31, 2008.

London precious metal weekly prices follow: Read More…

US Mint to Resume Selling 2009 Silver Eagle Coins

The United States Mint on Friday said it would again offer 2009 Silver Eagle Bullion Coins. The silver coins were halted last week as a result of enormous demand which depleted the US Mint’s inventory. Read More…

US Rep. Peters Seeks 2009 Proof Gold and Silver Eagles

Collectors would yet get an opportunity to purchase 2009 Proof American Gold and Silver Eagle coins if a Congressman could get his way. Read More…

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