The Commerce Department reported on Wednesday, that sales of new single-family homes in the U.S. sank 11% in January to a seasonally adjusted annual rate of 309,000. It was an unexpected tumble that sent sales to their lowest level since these records began in 1963 and this loss wiped out much of the progress made in the last year, according to The Wall Street Journal. Existing-home sales fell 7.2% in January to a seasonally adjusted annual rate of $5.05 million, the lowest in seven months, said the National Association of Realtors.
The Fed is keeping interest rates near zero to encourage lending to businesses and consumers in order to stimulate growth, reported Reuters, which also means there is little money to be made by investors holding cash or bonds. “This is a little different from when you have a robust economy where you can buy the market and everything goes up because you believe in the economy,” said Keith Springer, President of Capital Financial Advisory Services in Sacramento, California.
“American International Group (AIG) warned that it may need more assistance from the U.S. Government, but the insurer said it will have adequate liquidity to ‘finance and operate AIG’s businesses and continue as a going concern for at least the next twelve months,” reported MSN Money. This plethora of weak economic news may bode well for investments in precious metals, which historically are considered a hedge against inflation.
APMEX was able to secure a limited allotment of Scruffy Random-Year Gold Canadian Maple Leaf bullion coins this week, and we are excited to be able to offer them at the very low premium of only $24.95 over spot in any quantity. If you are looking to add gold to your position or portfolio, you will be hard pressed to find a lower premium than this on gold bullion.
Gold:
Spot gold prices opened this week at $1,121.20. The high during the week was on Monday, February 22nd, at $1,130.40, while the low for the week occurred on Thursday, February 25th, at $1,088.50. Gold ended the week down $1.80 at $1,119.40. This week, investors concentrated their interest in Gold American Eagles, Canadian Gold Maple Leafs and 1 gram .9999 Sunshine Minting Gold Bars.
Silver:
Spot silver prices opened this week at $16.37. Silver reached a high of $16.56 on Monday and Friday this week, while the low for silver occurred on Wednesday, February 24th, at $15.62. Silver ended the week up $0.17 at $16.54. Silver American Eagles, 1 oz. APMEX .999 Fine Silver Rounds and Canadian Silver Maple Leafs remained popular with silver investors this week.
Platinum:
Spot platinum prices opened this week at $1,543.90 and ended the week up $4.10 at $1,548.00. This week, Canadian Platinum Maple Leafs, 1 oz. Pamp Suisse Platinum Bars and Platinum American Eagles continued to be popular with investors.
Palladium:
Spot palladium prices opened this week at $443.50 and ended the week down $6.70 at $436.80. This week, the most popular palladium items included Random Year 1 oz. Palladium Canadian Maple Leafs and 1 oz. .999 Fine Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX will feature a different bullion product for the benefit of our readers. This week’s featured product is the United States silver dollar.
The U.S. Mint produced these coins from 1794 until 1935. APMEX carries a wide selection of Early, Trade, Morgan and Peace Dollars in many different die and mint varieties. Each silver dollar contains .77344 ounces of pure silver, making these silver dollars the most popular silver coins ever produced by the U.S. Mint. The Morgan Dollar, which was minted between 1878 and 1921, is considered by many to be the most widely collected silver coin in U.S. history.
Silver dollars are a favorite among collectors because of their size, beauty and availability, and APMEX is proud to offer a vast selection of silver dollars in all conditions, in both certified and uncertified states.
Showing posts with label Gold Maple Leaf. Show all posts
Showing posts with label Gold Maple Leaf. Show all posts
Market Recap 2/12/10
Stock prices were weak in the U.S. on Friday, after a surprise move by China to restrict bank lending to cool its surging economy. This action by the Chinese government “weighed down many commodity prices,” reported Reuters. Markets were also pressured by weaker-than-expected reads on U.S. consumer sentiment and business inventories, brushing aside a higher-than-forecast figure on January U.S. retail sales, which rose 0.5 percent. Also this week, The Dow Jones Industrial Average closed below 10,000 for the first time since November 2009.
The Wall Street Journal reported this week that, “Federal Reserve Chairman Ben Bernanke will begin laying the groundwork for credit tightening later in the year, bringing to a close a period of historically low interest rates that have made it easier for ailing banks to book big profits.” Market participants also kept a close eye on financial instability in Europe, where issues surrounding the creditworthiness of several countries, particularly Greece, have recently surfaced.
“More than 2 million of the jobs that were erased from the economy over the past two years are probably gone for good,” says MSN Money. Does all of this economic uncertainty bode well for the Precious Metals markets over the next few months? Some analysts, like Scotiabank’s Patricia Mohr, seem to think so as she continues to believe that gold will test the $1,300.00 per ounce price level again.
The “I Heart APMEX” Video Contest remained popular this week and brought in dozens more entries from around the country. APMEX fans have submitted some great videos, garnering a large number of views, comments and ratings. Entrants have a chance to win a 1 oz. APMEX Gold Bar, an APMEX Silver Kilo (32.15 ounces) Bar, a 10 oz. APMEX Silver Round or one of several 1 oz. APMEX Silver Rounds. You have until 11:59PM on this Sunday (February 14th) to submit your entry. Winners will be announced next week.
Gold:
Spot gold prices opened this week at $1,068.00. The high during the week was on Friday, February 12th, at $1,097.80, while the low for the week was $1,061.70 on Monday, February 8th. Gold ended the week up $23.00 at $1,091.00. Extremely popular items this week included Gold American Eagles, 2010 Vancouver Olympic Gold Maple Leafs and 1 oz. .9999 Pamp Suisse Gold Bars.
Silver:
Spot silver prices opened this week at $15.16. Silver reached a high of $15.73 on Thursday, February 11th, while the low for silver occurred on Monday, February 8th, at $14.95. Silver ended the week up $0.32 at $15.48. Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2010 Vancouver Silver Maple Leafs and 5 oz. .999 Sunshine Mint Silver Bars were the focus of silver investors at www.APMEX.com this week.
Platinum:
Spot platinum prices opened this week at $1,474.40 and ended the week up $39.70 at $1,514.10. Some of the most sought after platinum products this week included Platinum American Eagles, Platinum Canadian Maple Leafs and 1 oz. Pamp Suisse .999 Fine Platinum Bars.
Palladium:
Spot palladium prices opened this week at $396.00 and ended the week up $25.10 at $421.10. This week, 1 oz. .999 Fine Pamp Suisse Palladium Bars, 2009 Palladium Canadian Maple Leafs MS-69 NGC and Random Year 1 oz. Palladium Canadian Maple Leafs were popular with palladium investors.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, in honor of the 2010 Olympics in Vancouver, Canada, we take a look at the Canadian Gold Maple Leaf coin.
As the second oldest gold bullion coin, the Canadian Maple Leaf became the alternative to the South African Krugerrand. The Royal Canadian Mint began striking these coins in 1979 and that minting continues through today. These artistic coins are struck in beautiful 24-karat pure gold and each weighs 1 Troy ounce.
On the obverse, or front, of these coins is a depiction of Great Britain’s Queen Elizabeth the Second. The reverse, or back, of this coin depicts the national symbol of Canada – the Maple Leaf. These stunning coins are backed by the Royal Canadian Mint for their purity, content and fineness.
The Royal Canadian Mint also manufactures specially designed coins such as the 2010 Vancouver Olympics Gold and Silver Maple Leaf coins for important historical events. These coins are destined to become collectors’ items as well as retain their bullion value.
APMEX offers a superb selection of Canadian Gold Maple Leaf coins in a variety of dates and special designs as produced by the Mint. Coins purchased in quantities of 25 or more will be delivered in special tubes and quantities of 500 or more coins are shipped in the special Royal Canadian Mint boxes.
The Wall Street Journal reported this week that, “Federal Reserve Chairman Ben Bernanke will begin laying the groundwork for credit tightening later in the year, bringing to a close a period of historically low interest rates that have made it easier for ailing banks to book big profits.” Market participants also kept a close eye on financial instability in Europe, where issues surrounding the creditworthiness of several countries, particularly Greece, have recently surfaced.
“More than 2 million of the jobs that were erased from the economy over the past two years are probably gone for good,” says MSN Money. Does all of this economic uncertainty bode well for the Precious Metals markets over the next few months? Some analysts, like Scotiabank’s Patricia Mohr, seem to think so as she continues to believe that gold will test the $1,300.00 per ounce price level again.
The “I Heart APMEX” Video Contest remained popular this week and brought in dozens more entries from around the country. APMEX fans have submitted some great videos, garnering a large number of views, comments and ratings. Entrants have a chance to win a 1 oz. APMEX Gold Bar, an APMEX Silver Kilo (32.15 ounces) Bar, a 10 oz. APMEX Silver Round or one of several 1 oz. APMEX Silver Rounds. You have until 11:59PM on this Sunday (February 14th) to submit your entry. Winners will be announced next week.
Gold:
Spot gold prices opened this week at $1,068.00. The high during the week was on Friday, February 12th, at $1,097.80, while the low for the week was $1,061.70 on Monday, February 8th. Gold ended the week up $23.00 at $1,091.00. Extremely popular items this week included Gold American Eagles, 2010 Vancouver Olympic Gold Maple Leafs and 1 oz. .9999 Pamp Suisse Gold Bars.
Silver:
Spot silver prices opened this week at $15.16. Silver reached a high of $15.73 on Thursday, February 11th, while the low for silver occurred on Monday, February 8th, at $14.95. Silver ended the week up $0.32 at $15.48. Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2010 Vancouver Silver Maple Leafs and 5 oz. .999 Sunshine Mint Silver Bars were the focus of silver investors at www.APMEX.com this week.
Platinum:
Spot platinum prices opened this week at $1,474.40 and ended the week up $39.70 at $1,514.10. Some of the most sought after platinum products this week included Platinum American Eagles, Platinum Canadian Maple Leafs and 1 oz. Pamp Suisse .999 Fine Platinum Bars.
Palladium:
Spot palladium prices opened this week at $396.00 and ended the week up $25.10 at $421.10. This week, 1 oz. .999 Fine Pamp Suisse Palladium Bars, 2009 Palladium Canadian Maple Leafs MS-69 NGC and Random Year 1 oz. Palladium Canadian Maple Leafs were popular with palladium investors.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, in honor of the 2010 Olympics in Vancouver, Canada, we take a look at the Canadian Gold Maple Leaf coin.
As the second oldest gold bullion coin, the Canadian Maple Leaf became the alternative to the South African Krugerrand. The Royal Canadian Mint began striking these coins in 1979 and that minting continues through today. These artistic coins are struck in beautiful 24-karat pure gold and each weighs 1 Troy ounce.
On the obverse, or front, of these coins is a depiction of Great Britain’s Queen Elizabeth the Second. The reverse, or back, of this coin depicts the national symbol of Canada – the Maple Leaf. These stunning coins are backed by the Royal Canadian Mint for their purity, content and fineness.
The Royal Canadian Mint also manufactures specially designed coins such as the 2010 Vancouver Olympics Gold and Silver Maple Leaf coins for important historical events. These coins are destined to become collectors’ items as well as retain their bullion value.
APMEX offers a superb selection of Canadian Gold Maple Leaf coins in a variety of dates and special designs as produced by the Mint. Coins purchased in quantities of 25 or more will be delivered in special tubes and quantities of 500 or more coins are shipped in the special Royal Canadian Mint boxes.
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Market Recap 2/5/10
The U. S. economy has continued to shed jobs, which has cast doubts over the labor market's strength, according to the Wall Street Journal. United States employers cut 20,000 jobs in January, while December's number of job losses was revised from 85,000 to a drop of 150,000! The jobless rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December.
MSN Money stated Thursday that stocks plunged following the report that showed an unexpected rise in initial jobless claims. This caused the Dow Jones Industrial Index to drop below the 10,000 point mark for a short time. The precious metals market dipped as well, causing APMEX customers to take advantage of low spot prices as they scrambled to add to their gold, silver, platinum and palladium positions. Many customers may have viewed this retrenchment in prices as a short-term buying opportunity as they aggressively purchased all types of precious metal products.
The “I Heart APMEX” Video Contest kicked off this week and brought in dozens of video entries from the U.S. and Canada. APMEX fans rushed to get their entries in, some coming in within hours of the contest’s launch. Entrants are eligible for a chance to win a 1 oz. APMEX Gold Bar, an APMEX Silver Kilo (32.15 ounces) Bar, a 10 oz. APMEX Silver Round or one of several 1 oz. APMEX Silver Rounds. Check out the contest rules and submit your video today! You have until 11:59PM (CST) on Valentine’s Day (February 14th) to submit your entry.
Gold:
Spot gold prices opened this week at $1,081.10. The high during the week was on Wednesday, February 3rd, at $1,125.80, while the low for the week was $1,042.50 and it occurred on Friday, February 5th. Gold ended the week down $13.30 at $1,067.80. This week, the most popular gold items included Gold American Eagles, 1 oz. .9999 APMEX Gold Bars and Gold Canadian Maple Leafs.
Silver:
Spot silver prices opened this week at $16.17. Silver reached a high of $16.95 on Wednesday, February 3rd, while the low for silver occurred on Friday, February 5th, at $14.62. Silver ended the week down $0.97 at $15.20. 2010 Silver American Eagles, 1 oz. Silver Buffalo Rounds and 2010 Silver Canadian Maple Leafs were some of the most popular silver items sold by http://www.apmex.com/.
Platinum:
Spot platinum prices opened this week at $1,507.50 and ended the week down $27.50 at $1,480.00. Some of the most highly sought platinum products this week included 1 oz. Pamp Suisse .999 Fine Platinum Bars, Platinum American Eagles and 1 oz. Scotia Bank .999 Fine Platinum Bars.
Palladium:
Spot palladium prices opened this week at $418.00 and ended the week down $16.70 at $401.30. This week, 10 oz. .999 Fine Pamp Suisse Palladium Bars, 2009 Palladium Canadian Maple Leafs MS-69 NGC and Random Year 1 oz. Palladium Canadian Maple Leafs were popular with palladium investors.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we look at the Silver Austrian Philharmonic coins.
First minted by the 800-year-old Austrian Mint in 2008, the silver Austrian Philharmonic coin is the first silver bullion coin denominated in Euros, the legal tender of the European Union.
Elegant is the perfect word to describe this lovely and unusual silver bullion coin. These exquisite coins were created as a tribute to the world-renowned Vienna Philharmonic Orchestra, one of the finest musical ensembles in the world.
Almost identical to the popular gold Austrian Philharmonic coins, a harmonious design of musical instruments represents the world famous orchestra on the reverse of this silver coin. The obverse depicts the Great Organ of the Golden Hall in Vienna's concert hall.
APMEX offers silver Austrian Philharmonic coins dated during the current year and in prior years in Brilliant Uncirculated condition. Coins purchased in quantities of 10 or more will be delivered in mint tubes, and orders of 500 or more come in sealed mint boxes when available.
MSN Money stated Thursday that stocks plunged following the report that showed an unexpected rise in initial jobless claims. This caused the Dow Jones Industrial Index to drop below the 10,000 point mark for a short time. The precious metals market dipped as well, causing APMEX customers to take advantage of low spot prices as they scrambled to add to their gold, silver, platinum and palladium positions. Many customers may have viewed this retrenchment in prices as a short-term buying opportunity as they aggressively purchased all types of precious metal products.
The “I Heart APMEX” Video Contest kicked off this week and brought in dozens of video entries from the U.S. and Canada. APMEX fans rushed to get their entries in, some coming in within hours of the contest’s launch. Entrants are eligible for a chance to win a 1 oz. APMEX Gold Bar, an APMEX Silver Kilo (32.15 ounces) Bar, a 10 oz. APMEX Silver Round or one of several 1 oz. APMEX Silver Rounds. Check out the contest rules and submit your video today! You have until 11:59PM (CST) on Valentine’s Day (February 14th) to submit your entry.
Gold:
Spot gold prices opened this week at $1,081.10. The high during the week was on Wednesday, February 3rd, at $1,125.80, while the low for the week was $1,042.50 and it occurred on Friday, February 5th. Gold ended the week down $13.30 at $1,067.80. This week, the most popular gold items included Gold American Eagles, 1 oz. .9999 APMEX Gold Bars and Gold Canadian Maple Leafs.
Silver:
Spot silver prices opened this week at $16.17. Silver reached a high of $16.95 on Wednesday, February 3rd, while the low for silver occurred on Friday, February 5th, at $14.62. Silver ended the week down $0.97 at $15.20. 2010 Silver American Eagles, 1 oz. Silver Buffalo Rounds and 2010 Silver Canadian Maple Leafs were some of the most popular silver items sold by http://www.apmex.com/.
Platinum:
Spot platinum prices opened this week at $1,507.50 and ended the week down $27.50 at $1,480.00. Some of the most highly sought platinum products this week included 1 oz. Pamp Suisse .999 Fine Platinum Bars, Platinum American Eagles and 1 oz. Scotia Bank .999 Fine Platinum Bars.
Palladium:
Spot palladium prices opened this week at $418.00 and ended the week down $16.70 at $401.30. This week, 10 oz. .999 Fine Pamp Suisse Palladium Bars, 2009 Palladium Canadian Maple Leafs MS-69 NGC and Random Year 1 oz. Palladium Canadian Maple Leafs were popular with palladium investors.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we look at the Silver Austrian Philharmonic coins.
First minted by the 800-year-old Austrian Mint in 2008, the silver Austrian Philharmonic coin is the first silver bullion coin denominated in Euros, the legal tender of the European Union.
Elegant is the perfect word to describe this lovely and unusual silver bullion coin. These exquisite coins were created as a tribute to the world-renowned Vienna Philharmonic Orchestra, one of the finest musical ensembles in the world.
Almost identical to the popular gold Austrian Philharmonic coins, a harmonious design of musical instruments represents the world famous orchestra on the reverse of this silver coin. The obverse depicts the Great Organ of the Golden Hall in Vienna's concert hall.
APMEX offers silver Austrian Philharmonic coins dated during the current year and in prior years in Brilliant Uncirculated condition. Coins purchased in quantities of 10 or more will be delivered in mint tubes, and orders of 500 or more come in sealed mint boxes when available.
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Market Recap 12/18/09
Despite skepticism about the stock market’s strength, precious metal and energy stocks led the way for a brief early-week rally. This short rally helped the Dow Jones Industrial Average and the NASDAQ Composite Index to reach new highs for the year, though worries continue about the stability of the global financial system. Prolonged U.S. housing market woes and continued high unemployment remain at the forefront of most recovery doubts for investors. According to MarketWatch, The Labor Department released reports midweek showing a second consecutive week of rising unemployment claims. Initial claims jumped 7,000 to 480,000, which was more than analysts had expected.
The Federal Reserve decided, yet again, to leave key interest rates unchanged at record low levels. The Fed’s rate-making body, the Federal Open Market Committee, left the target for its key federal funds rate at zero to 0.25%. However, the Central Bank did hint of expectations that interest rates will move up though no timetable for this action was given. The short early week stock market rally faded quickly after this announcement from the Fed.
A recent poll of 34 analysts, conducted by Reuters earlier this month, predicts Gold prices to stay firm in 2010. HSBC and Bank of America Merrill Lynch lifted their Gold forecasts this week. Daniel Major with RBS Global Banking & Markets said, “There are still fears of a spike in inflation in the background, as well as further uncertainty over the state of the economic recovery.”
As we move towards the end of the year, the demand for precious metals seems to be heating up as many investors are still highly concerned about inflation and the general state of the economy. Visit www.APMEX.com today and let us assist you in securing hard assets for your portfolio.
Gold:
Spot Gold prices opened this week at $1,114.40. The high during the week was on Thursday, December 17th, at $1,142.10, while the low for the week occurred on the same day, at $1,095.30. Gold ended the week down $0.80 at $1,113.60. This week, 2009 1/10 oz. American Gold Eagles, 2009 1 oz. BU Gold American Eagles and APMEX .9999+ Fine 1 gram Gold Bars were quite popular.
Silver:
Spot Silver prices opened this week at $17.18. Silver reached a high of $17.78 on Wednesday, December 16th while the low for Silver occurred on Friday, December 18th, at $17.05. Silver ended the week up $0.14 at $17.32. This week, 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs and 2010 1 oz. Silver Vancouver Canadian Maple Leafs were very popular with investors and collectors alike.
Platinum:
Spot Platinum prices opened this week at $1,432.00 and ended the week up $0.70 at $1,432.70. Investors continue to purchase 1 oz. Pamp Suisse Platinum Bars, 1 oz. Platinum American Eagles and 1/10 oz. Platinum American Eagles, though quantities of these products are becoming quite scarce.
Palladium:
Spot Palladium prices opened this week at $366.15 and ended the week up $4.75 at $370.90. Popular Palladium products this week included 1 oz. Random Year Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
After weeks of rising Gold prices, the momentum has slowed and seems to have leveled off as it is now hovering around the $1,100 per ounce mark. APMEX is continually adding to its inventory in order to meet the steady demand. The desire for all Gold products as well as Pre-1933 U.S. Gold has intensified. For more information on Pre-1933 U.S. Gold or the Gold American Eagle please watch our videos for those products posted on our website at www.APMEX.com.
APMEX continues to feature Silver Dollars and this week we will look at a coin that is sometimes forgotten. The 1894-O Morgan Silver Dollar was not struck until July 1894; however, once started, production was steady through December. With a mintage of 1.7 million pieces, this coin is relatively common, except in higher grades. These coins come with an above average strike and above average luster. Finding a mint state example with few bag marks, a strong strike, and above average luster is certainly a rare and rewarding find. Because of its generally dull appearance, the 1894-O is often overlooked.
The Treasury released bags of 1894-O Silver Dollars beginning in the 1950’s and continued those releases all the way up to 1964. Although there were multiple obverse and reverse dies used to produce these silver dollars, no major die varieties are attributed to this particular date and mintmark. Nonetheless, the 1894-O Morgan Silver Dollar is still a coin worth considering for your collection.
The Federal Reserve decided, yet again, to leave key interest rates unchanged at record low levels. The Fed’s rate-making body, the Federal Open Market Committee, left the target for its key federal funds rate at zero to 0.25%. However, the Central Bank did hint of expectations that interest rates will move up though no timetable for this action was given. The short early week stock market rally faded quickly after this announcement from the Fed.
A recent poll of 34 analysts, conducted by Reuters earlier this month, predicts Gold prices to stay firm in 2010. HSBC and Bank of America Merrill Lynch lifted their Gold forecasts this week. Daniel Major with RBS Global Banking & Markets said, “There are still fears of a spike in inflation in the background, as well as further uncertainty over the state of the economic recovery.”
As we move towards the end of the year, the demand for precious metals seems to be heating up as many investors are still highly concerned about inflation and the general state of the economy. Visit www.APMEX.com today and let us assist you in securing hard assets for your portfolio.
Gold:
Spot Gold prices opened this week at $1,114.40. The high during the week was on Thursday, December 17th, at $1,142.10, while the low for the week occurred on the same day, at $1,095.30. Gold ended the week down $0.80 at $1,113.60. This week, 2009 1/10 oz. American Gold Eagles, 2009 1 oz. BU Gold American Eagles and APMEX .9999+ Fine 1 gram Gold Bars were quite popular.
Silver:
Spot Silver prices opened this week at $17.18. Silver reached a high of $17.78 on Wednesday, December 16th while the low for Silver occurred on Friday, December 18th, at $17.05. Silver ended the week up $0.14 at $17.32. This week, 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs and 2010 1 oz. Silver Vancouver Canadian Maple Leafs were very popular with investors and collectors alike.
Platinum:
Spot Platinum prices opened this week at $1,432.00 and ended the week up $0.70 at $1,432.70. Investors continue to purchase 1 oz. Pamp Suisse Platinum Bars, 1 oz. Platinum American Eagles and 1/10 oz. Platinum American Eagles, though quantities of these products are becoming quite scarce.
Palladium:
Spot Palladium prices opened this week at $366.15 and ended the week up $4.75 at $370.90. Popular Palladium products this week included 1 oz. Random Year Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
After weeks of rising Gold prices, the momentum has slowed and seems to have leveled off as it is now hovering around the $1,100 per ounce mark. APMEX is continually adding to its inventory in order to meet the steady demand. The desire for all Gold products as well as Pre-1933 U.S. Gold has intensified. For more information on Pre-1933 U.S. Gold or the Gold American Eagle please watch our videos for those products posted on our website at www.APMEX.com.
APMEX continues to feature Silver Dollars and this week we will look at a coin that is sometimes forgotten. The 1894-O Morgan Silver Dollar was not struck until July 1894; however, once started, production was steady through December. With a mintage of 1.7 million pieces, this coin is relatively common, except in higher grades. These coins come with an above average strike and above average luster. Finding a mint state example with few bag marks, a strong strike, and above average luster is certainly a rare and rewarding find. Because of its generally dull appearance, the 1894-O is often overlooked.
The Treasury released bags of 1894-O Silver Dollars beginning in the 1950’s and continued those releases all the way up to 1964. Although there were multiple obverse and reverse dies used to produce these silver dollars, no major die varieties are attributed to this particular date and mintmark. Nonetheless, the 1894-O Morgan Silver Dollar is still a coin worth considering for your collection.
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Market Recap 12/11/09
The U.S. Dollar showed some improvement early in the week as the Dollar Index was up by 0.07%. That was the major catalyst that pushed both oil and precious metal prices down for the first time in recent weeks.
Federal Reserve Chairman Ben Bernanke spoke at the Economic Club of Washington late Monday, stating that we will see modest economic growth next year but at a pace slower than we would like. Giving few concrete details, he went on to discuss the careful thought going into the Fed’s exit strategy for withdrawing the unprecedented monetary stimulus dollars from the economy. Well-informed investors will keep a close watch for developments on this topic, as it will help shape market trends in 2010.
In telling remarks this week, Treasury Secretary Timothy Geithner extended the government’s $700 Billion bailout fund to October 2010, saying the economy still faces “significant challenges.” “This extension is necessary to assist American families and stabilize financial markets because it will, among other things, enable us to continue to implement programs that address housing markets, the needs of small businesses, and to maintain the capacity to respond to unforeseen threats,” Geithner said. He also warned that withdrawing programs too early could prolong the economic downturn. These statements concerning the “continued programs” and “unforeseen threats” have many investors quite nervous, anticipating the inevitable inflation that comes with such government spending.
The recent pullback in precious metal prices provides a great opportunity to add to your precious metal positions. APMEX announced this week that 2009 Fractional American Gold Eagles are now in stock and ready to ship. Visit www.APMEX.com today and stock up on gold and silver before the next rally!
Gold:
Spot Gold prices opened this week at $1,159.70. The high during the week was on Tuesday, December 8th, at $1,169.30, while the low for the week was on Friday, December 11th, at $1,108.30. Gold ended the week down $44.10 to $1,115.60. This week, 2009 1/10 oz. American Gold Eagles, 2009 1 oz. BU Gold American Eagles and 2009 ¼ oz. Gold Australian Kangaroos saw significant traffic on the APMEX.com website.
Gold:
Spot Gold prices opened this week at $1,159.70. The high during the week was on Tuesday, December 8th, at $1,169.30, while the low for the week was on Friday, December 11th, at $1,108.30. Gold ended the week down $44.10 to $1,115.60. This week, 2009 1/10 oz. American Gold Eagles, 2009 1 oz. BU Gold American Eagles and 2009 ¼ oz. Gold Australian Kangaroos saw significant traffic on the APMEX.com website.
Silver:
Spot Silver prices opened this week at $18.47. Silver reached a high of $18.50 on Monday, December 7th. The low for Silver occurred on Friday, December 11th, at $16.87. Silver ended the week down $1.28 to $17.19. This week, 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs, 1 oz. .999 Fine Silver Sunshine Mint Rounds, and 2010 1 oz. Silver Vancouver Canadian Maple Leafs were very popular due to APMEX's Annual 12 Days of Christmas Sales Event.Platinum:
Spot Platinum prices opened this week at $1,458.90 and ended the week down $22.00 to $1,436.90. Investors continue to snap up 1 oz. Pamp Suisse Platinum Bars, 1 oz. Platinum American Eagles and 1/10 oz. Platinum American Eagles.Palladium:
Spot Palladium prices opened this week at $372.05 and ended the week down $8.05 to $364.00. Popular Palladium products this week included 1 oz. Random Year Palladium Canadian Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.Numismatics:
Since our last post, the spot price of gold has been ever-changing - driven by various world news and the strength of the U.S. Dollar. But even with all the interest from customers, APMEX continues to have a good supply of products available. But, these products are moving quickly in spite of the recent market fluctuations.
Since our last post, the spot price of gold has been ever-changing - driven by various world news and the strength of the U.S. Dollar. But even with all the interest from customers, APMEX continues to have a good supply of products available. But, these products are moving quickly in spite of the recent market fluctuations.
APMEX is proud to be one of the first precious metals dealers to deliver 2009 Fractional American Gold Eagle coins to our customers, as we just received them this week! In addition, the herd of Gold American Buffalo coins is currently plentiful, but the numbers are dwindling as the spot price of gold has dropped. As always, Pre-1933 U.S. Gold is very popular, especially $2.50 Quarter Eagle coins and $20 Saint-Gaudens gold coins.
The spot price of Silver has also readjusted, though not as dramatically as gold. Opportunists are taking full advantage by stocking up on their favorite bullion and numismatic items, such as the Silver American Eagles, Very Good to Very Fine Morgan Silver Dollars and Peace Silver Dollars. Holiday Silver Rounds and Bars are also very popular as gift items.
This week, as APMEX continues its series on Silver Dollars, we will be highlighting the 1895-S. This particular year and San Francisco mintmarked issue is notorious for being extensively bag-marked. As a result, high-grade examples are always in high demand, carry a premium, and are almost always found in the lower mint state range. Circulated specimens are equally hard to find, as the mintage is very low with only 400,000 pieces struck. Sometimes, lower grade examples such as an AU-55 or AU-58, may be more attractive than even an MS-60 or MS-61. If you are lucky enough to find a high-end example, be sure that it carries tremendous eye appeal and is well struck, as most mint state 1895-S’s bear these qualities. The large majority of 1895-S coins were paid out within years of their production, yet there were a few bags that were held back as late as the 1950’s. On the other hand, many higher-grade 1895-S’s are either Proof-Like or Semi-Proof-Like. Often these coins are found without toning. There are no major VAM varieties to be found for this particular year, however, the few varieties that can be located carry a small additional premium.
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Weekly Market Recap 11/13/09
Gold continued its jump to new all-time highs this week as the U.S. Dollar was down against a basket of six major currencies. The G-20 finance ministers remained silent over the weekend about the U.S. Dollar’s 7% decline so far this year. The G-20 meeting did announce that they agreed to keep stimulus measures in place, as the global economy is still too weak, especially in the United States and in Europe.
Gold saw another upward price surge mid-week when the U.S. Dollar traded at 15-month lows according to Market Watch. Investors turned to Gold as a hedge against inflation as the U.S. Dollar slumped lower and prospects in the job market looked bleak. Contributing to the U.S. Dollar slump was China’s third quarter monetary policy report. The People’s Bank of China said on Wednesday it would consider major currencies, not just the Dollar, in guiding future exchange rates. These comments came days before President Obama’s visit to the region.
U.S. investment bank Goldman Sachs released a statement proclaiming Gold could rise to new record highs of $1,150.00 to $1,200.00 per ounce due to renewed buying of the precious metal by central banks. “The purchase by India (200 metric tons of Gold from the IMF) highlights the growing trend of central banks and governments in the emerging economies to increase gold holdings as a means of diversifying their currency reserves,” Goldman said.
The weakness in the U.S. Dollar has also created a bubble in the oil industry. Ethan Harris, head of global economics at Bank of America Merrill Lynch in New York said “What are the things that could derail the recovery? I think that an oil price bubble is near the top of the list.” Savvy investors will pay close attention to developments in the coming weeks to determine how heavily Gold should weigh in their portfolio.
Platinum:
Gold saw another upward price surge mid-week when the U.S. Dollar traded at 15-month lows according to Market Watch. Investors turned to Gold as a hedge against inflation as the U.S. Dollar slumped lower and prospects in the job market looked bleak. Contributing to the U.S. Dollar slump was China’s third quarter monetary policy report. The People’s Bank of China said on Wednesday it would consider major currencies, not just the Dollar, in guiding future exchange rates. These comments came days before President Obama’s visit to the region.
U.S. investment bank Goldman Sachs released a statement proclaiming Gold could rise to new record highs of $1,150.00 to $1,200.00 per ounce due to renewed buying of the precious metal by central banks. “The purchase by India (200 metric tons of Gold from the IMF) highlights the growing trend of central banks and governments in the emerging economies to increase gold holdings as a means of diversifying their currency reserves,” Goldman said.
The weakness in the U.S. Dollar has also created a bubble in the oil industry. Ethan Harris, head of global economics at Bank of America Merrill Lynch in New York said “What are the things that could derail the recovery? I think that an oil price bubble is near the top of the list.” Savvy investors will pay close attention to developments in the coming weeks to determine how heavily Gold should weigh in their portfolio.
Gold:
Spot Gold prices opened this week at $1,108.40. The high during the week was on Thursday, November 12th, at $1,123.40, while the low for the week was on Monday, November 9th at $1,096.00. Gold ended the week with a gain of $9.30 at $1,117.70. This week, 2009 1/10 oz. Gold American Eagles, 2009 1 oz. BU Gold American Eagles, 1 oz. .9999+ Fine Pamp Suisse Bars and 2009 1 oz. Gold Canadian Maple Leafs were in high demand at APMEX.comSilver:
Spot Silver prices opened this week at $17.71. Silver reached a high of $17.78, on Thursday, November 12th. The low for silver occurred on Friday, November 13th at $17.02. Silver ended the week down $0.31 at $17.40. This week 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs, Sunshine Mint 1 oz. .999 Fine Silver Rounds and 1 oz. .999 Fine Silver Buffalo Rounds were popular with silver investors.Platinum:
Spot Platinum prices opened this week at $1,349.00, and ended the week up $40.70, at $1,389.70. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 10 oz. Pamp Suisse Platinum Bars, and 2009 1 oz. Platinum Canadian Maple Leafs.
Palladium:
Spot Palladium prices opened this week at $332.00, and ended the week up $25.80 at $357.80. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars were popular items purchased by palladium investors.
Numismatics:
As the price of Gold continues to reach all-time highs, APMEX continues to offer a vast selection of premium Pre-1933 Gold coins in addition to its already expansive Gold bullion selection. As the spot price of Gold continues to rise, investors and collectors alike are still clamoring for more of the yellow metal. Several Wall Street analysts are predicting the spot price of Gold may soon hit $1,200.00 to $1,500.00 per ounce. It was just 3 short months ago that Gold was hovering around $920.00 per ounce.
Though Gold has seen tremendous growth in the last few months, Silver has slowly crept toward the $20.00 per ounce plateau yet again. Many investors were buying strict Silver bullion items , but now they are also buying Cull Silver Dollars and an assortment of other dollars including Pre-1921 Morgan Silver Dollars in Almost Uncirculated condition, Peace Silver Dollars in Very Good to Very Fine condition, and Peace Silver Dollars in Brilliant Uncirculated condition. Keep in mind that these are just highlights of what has been selling well. Nearly all Silver Dollars have seen a spike in popularity.
As the price of Gold continues to reach all-time highs, APMEX continues to offer a vast selection of premium Pre-1933 Gold coins in addition to its already expansive Gold bullion selection. As the spot price of Gold continues to rise, investors and collectors alike are still clamoring for more of the yellow metal. Several Wall Street analysts are predicting the spot price of Gold may soon hit $1,200.00 to $1,500.00 per ounce. It was just 3 short months ago that Gold was hovering around $920.00 per ounce.
Though Gold has seen tremendous growth in the last few months, Silver has slowly crept toward the $20.00 per ounce plateau yet again. Many investors were buying strict Silver bullion items , but now they are also buying Cull Silver Dollars and an assortment of other dollars including Pre-1921 Morgan Silver Dollars in Almost Uncirculated condition, Peace Silver Dollars in Very Good to Very Fine condition, and Peace Silver Dollars in Brilliant Uncirculated condition. Keep in mind that these are just highlights of what has been selling well. Nearly all Silver Dollars have seen a spike in popularity.
For the past few weeks APMEX has been highlighting the Morgan Silver Dollar Series. This week we will shift gears and discuss the Peace Silver Dollar series: namely the 1923-D. The 1923-D Peace Silver Dollars typically come well struck with above average luster. These coins are commonly seen with unusual die cracks throughout the obverse and reverse as the pressure for striking these coins was greater than normal. Many VAM’s attributed to this date directly correlate to these die breaks. 1923-D’s, though they have a high mintage, or perhaps because of it, are plagued with a tremendous amount of bag marks which make this year nearly impossible to find as a flawless Gem quality specimen. Even those coins that have received an MS-65 grade may still have contact marks that are often times unsightly. 1923-D Peace Dollars are considered scarcer than most of the other dates in the 24 coin series in uncirculated condition. When purchasing a 1923-D Peace Dollar, always try to find an example that is well struck since there were over 6 million of them minted and most come with an exceptionally strong strike.
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Weekly Market Recap 11/06/09
Gold reached an All-Time High as it broke the $1,100.00 an ounce threshold when the U.S. Labor Department announced the overall jobless rate had jumped to 10.2%! A total of 7.3 Million jobs have been lost since the recession began in December of 2007. Those 7.3 Million jobs equate to one in every 20 private sector positions being eliminated. Nearly 2 Million Americans are scheduled to lose their unemployment benefits by the end of the year.
This rise in the price of Gold came on the heels of another large gain this week when the Reserve Bank of India made the largest single gold purchase in the past 30 years. India purchased $6.7 Billion Dollars of Gold (200 Metric Tons) from the International Monetary Fund (IMF). The transaction is equivalent to 8% of the world’s annual mining production. India’s purchase is half of a planned purchase with the IMF and it surprised traders who expected China to be the most likely buyer. According to Reuters, India is the tenth largest holder of Gold amongst the central banks.
The Federal Reserve agreed to leave its key interest rates alone this week, stating that the economic recovery is still too tentative and needs help. The central bank’s interest rate is important because it is the foundation for which most U.S. interest rates are set. The Fed also highlighted four main issues that are troublesome: continuing job losses, sluggish incomes, a weak housing market and very tight credit.
The Federal Reserve agreed to leave its key interest rates alone this week, stating that the economic recovery is still too tentative and needs help. The central bank’s interest rate is important because it is the foundation for which most U.S. interest rates are set. The Fed also highlighted four main issues that are troublesome: continuing job losses, sluggish incomes, a weak housing market and very tight credit.
Needless to say, the Gold inventory at APMEX is large, but items are selling very quickly based on all of this news. If you are considering adding additional Gold to your position, you may want to do it now.
Gold:
Spot Gold prices opened this week at $1,057.90. The high during the week was on Friday, November 6th, at $1,102.30, while the low for the week was on Monday, November 2nd, at $1,053.30. Gold ended the week with a gain of $40.60 at $1,098.50. This week, 2009 1/10 oz. Gold American Eagles, 2009 1 oz. BU Gold American Eagles and 2009 1 oz. Gold Canadian Maple Leafs were in high demand due to media coverage on Gold throughout the week.Silver:
Spot Silver prices opened this week at $16.51. Silver reached a high of $17.64, on Friday, November 6th. The low for silver occurred on Monday, November 2nd at $16.27. Silver ended the week up $0.91 at $17.42. 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs, 1 oz. .999 Fine Sunshine Minting Silver Rounds and 1 oz. .999 Fine Silver Buffalo Rounds were very strong sellers on the APMEX website.Platinum:
Spot Platinum prices opened this week at $1,325.10, and ended the week up $25.70 at $1,350.80. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs, and 10 oz. Pamp Suisse Platinum Bars.Palladium:
Spot Palladium prices opened this week at $322.50, and ended the week up $10.30 at $332.80. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars are quite popular with palladium investors.Numismatics:
APMEX’s Numismatic Closeout sale is in full swing! Over 20,000 items have already been sold, however, there are still many great deals to be had. Not surprisingly, Morgan and Peace Silver Dollar VAM’s have been extremely popular. From the minor varieties to the major rarities, these coins have all been selling quickly across the board. To refresh your memory on VAM’s click here to read our blog post from a few weeks ago. In addition to VAM Silver Dollars being in high demand, Bulk Silver Dollars have been selling exceptionally fast. Alluding to yet another past blog post, Carson City Morgan Silver Dollars have also been selling well. No matter the grading service or the grade, Carson City Silver Dollars continue to capture the eyes of the collectors.This week APMEX will feature another coin that came from the Carson City Mint. As most coin collectors know, Carson City coins often command hefty premiums. 1893 is the final year Morgan Silver Dollars were minted in Carson City. As this was the final year, there is much love and affection given to this particular coin. Many of these particular coins are heavily bagmarked. Most Mint State examples are on the low end of the Mint State scale, grading mostly MS-61 or MS-62. 1893-CC’s that grade higher than MS-63 are few and far between. To find a specimen with little or no bagmarks is an even tougher feat, and that will always come with an even greater premium. Most 1893-CC’s are in circulated condition and will fit nicely in any set. Many of these coins sat in Mint bags for 6 years until the Carson City Mint officially closed its doors and the remaining bags were shipped off to San Francisco and/or Washington D.C. where these bags, over time, were paid out to banks well into the 1920’s. With a mintage of only 677,000, this coin will always be high on a Morgan Silver Dollar collector’s want list.
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Weekly Market Recap 10/30/09
Early in the week, Reuters reported that China said it should increase its holdings of Euros and the Japanese Yen in its foreign reserves. This report had a negative effect on the already slumping U.S. Dollar and is further evidence that our currency’s stability is in question throughout the world. The U.S. Dollar fell to a 14-month low against the Euro and the Japanese Yen this week.
Consumers are still very concerned about whether we will have an economic recovery or not. The Consumer Confidence Index dropped to lower-than-expected levels this month, surprising some economists. Reuters reported that there are growing concerns that the job market conditions will worsen in the near term. The director of The Conference Board of Consumer Research Center reaffirmed this report by saying that the short-term outlook has grown more negative. Meanwhile, a greater proportion of consumers anticipate business and labor market conditions will worsen in the months ahead.
This week, more Americans who were surveyed said that jobs were “hard to get” in October and they remain quite pessimistic about their future earnings. This may have a negative impact on holiday spending. Economists watch consumer confidence because spending on goods and services by Americans accounts for about 70% of U.S. economic activity by federal measures. The upshot of all of this bleak economic news is that more investors than ever before are increasingly relying upon precious metals as the “defensive asset” component in their investment portfolios.
APMEX announced its Numismatic Closeout Event this week. APMEX will no longer be selling certain types of coins, currency, collectibles and supplies. This decision has been made to accommodate the growing requests from our customers for more precious metal and bullion-related items. If you are a collector, take advantage of this great opportunity to save big money on your favorite numismatic items. At these prices, many products are not going to last long. Visit www.APMEX.com to see all of our price-reduced products.
Gold:
Spot Gold prices opened this week at $1,054.00. The high during the week was on Monday, October 26th, at $1,070.50, while the low for the week was on Wednesday, October 28th at $1,026.10. Gold ended the week with a small loss of $8.00 at $1,046.00. This week, 2009 1 oz. Gold American Eagles, 2009 Fractional American Gold Eagle Coins, 2009 1 oz. Gold Buffalo Coins and 1 gram APMEX Gold Bars were the most popular items purchased.
Silver:
Spot Silver prices opened this week at $17.67. Silver reached a high of $17.70 on Monday, October 26th. The low for silver occurred on Thursday, October 29th at $16.12. Silver ended the week down $1.34 at $16.33. This week 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs and APMEX 1 oz. .999 Fine Silver Bars were the most popular silver bullion items purchased at APMEX.com.
Platinum:
Spot Platinum prices opened this week at $1,369.00, and ended the week down $37.10 at $1,331.90. Many collectors have noted the U.S. Mint’s decision not to strike any additional Platinum Eagle coins for the remainder of this year. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 2009 1 oz. Platinum American Eagles.
Palladium:
Spot Palladium prices opened this week at $338.50, and ended the week down $16.00 at $322.50. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars were popular with investors.
Numismatics:
As we enter November and the days become shorter and colder, the pace of business at APMEX has been heating up! In recent weeks, Cull Silver Dollars have been a big seller, especially since the spot price of silver has dropped slightly, along with the temperature.
As we enter November and the days become shorter and colder, the pace of business at APMEX has been heating up! In recent weeks, Cull Silver Dollars have been a big seller, especially since the spot price of silver has dropped slightly, along with the temperature.
An important business note is that APMEX is officially limiting the types of numismatic items that it will offer in the future. To accommodate that fact, we are having a “Numismatic Closeout Event” on many different numismatic products. APMEX will continue to buy and sell Silver Dollars, Pre-1933 U.S. Gold, 40% and 90% Silver coins, and everything else that is bullion-related. We will be closing out Type Coins, Commemoratives, Proof Sets, Currency, Books, Supplies and many other categories. There are many fantastic closeout deals available. You should act fast before the coins you want disappear!
Continuing our analysis of Silver Dollars, we would like to discuss one of the “Most Common” and yet, “Most Beautiful” of all of the Morgan Silver Dollars – the 1881-S. This is a relatively common coin, but it is RARE to ever find one below Very Fine grade! With a mintage of 12,760,000 coins struck, the "81-S" is certainly available in grades up to and including MS-67. This date is typically very well-struck with booming luster and a cartwheel effect that sometimes requires sunglasses to view it! It is generally a very attractive coin that is always sure to please the most discriminating investor or collector. This coin, along with its other San Francisco brethren – the 1879-S, 1880-S, and 1882-S are some of the earliest and most beautiful coins in the Morgan Dollar series.
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Weekly Market Recap 10/09/09
This week, Gold broke through its all time high and set a new benchmark at $1,061.10 per ounce. Concerns about the weakened U.S. Dollar and a second economic downturn, along with increased risk of higher inflation, were the leading causes for the commodities boost this week. Other factors had an impact as well, such as former Federal Reserve Chairman Alan Greenspan’s comments that unemployment will continue to rise in the United States for some time.
Rumors of Gulf Arab states along with Russia, China, Japan and France replacing the U.S. Dollar as the standard for trading oil surfaced in London this week. Though this report was later denied, the U.S. Dollar dropped even further, which in turn increased precious metals appeal to investors.
A Bank of America Merrill Lynch analyst has predicted that Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above the $100 a barrel mark. Additionally, Francisco Blanch, head of Global Commodity Research, said that for the world economy to resume growth of 5%, commodity supplies will have to expand by a similar rate which will create shortages due to emerging market growth. Savvy investors will pay close attention to these events and use precious metals as a hedge against inflation.
This week, the United States Mint announced that it will offer for sale 2009 one-ounce American Buffalo Proof Gold Coins and one-ounce American Eagle Platinum Proof Coins. The tentative release dates for these products are October 29th and December 3rd, respectively. In addition, the mint will release one-ounce 2009 American Buffalo Gold Bullion Coins on October 15th and the fractional 2009 American Eagle Gold Bullion Coins in the one-half, one-quarter and one-tenth ounce weights on December 3rd.
This week, APMEX customers took advantage of low premiums on 2010 Silver Canadian Maple Leafs. They also had the opportunity to pre-order their 2009 American Buffalo Gold Bullion Coins. Both offers had a very high response due to recent economic events that make the flight to precious metals extremely attractive. To view a full list of bullion items, visit APMEX.com — the Gold Standard in Bullion Trading.
Gold:
Spot Gold prices opened this week at $1,001.20. The high during the week was on Thursday, October 8th at $1,061.10, while the low for the week was on Monday, October 5th at $1,001.20. Gold ended the week with a gain of $48.90 at $1,050.10. This week, 2009 1-oz. American Gold Buffalos Coins, 2009 1-oz. Gold American Eagles and Random Year 1-oz. Canadian Gold Maple Leafs saw tremendous demand in an upward market.
Silver:
Spot Silver prices opened this week at $16.20. Silver reached a high of $17.95 on Thursday, October 8th. The low for silver occurred on Monday, October 5th at $16.03. Silver ended the week up $1.55 at $17.75. This week 2009 1 oz. Silver American Eagles, 2010 1-oz. Canadian Silver Maple Leafs and 1 oz. APMEX .999 Fine Silver Bars held their own in the gold rush.
Platinum:
Spot Platinum prices opened this week at $1,284.00, and ended the week up $55.00 at $1,339.00. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 2009 1-oz. Platinum American Eagles.
Palladium:
Spot Palladium prices opened this week at $300.50, and ended the week up $23.60 at $324.10. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10-oz. Credit Suisse Palladium Bars continue to keep the eye of focused investors.
Numismatics:
It is of great interest this week to note that the spot price of Gold, and to a lesser degree that of Silver, has been soaring. Collectors and investors alike have been clamoring for both metals. APMEX has a wide variety of choices which have been selling very quickly as many financial advisers and analysts believe this is only the beginning of a historic rise in the metals market.
APMEX’S best seller this week in terms of numismatic silver has been Cull Silver Dollars which are a mixture of both the Morgan and Peace series. These coins contain 90% silver and are selling as low as $1.69 over melt. This is an excellent investment if you are looking to create a position in silver. As the spot price of silver continues to rise, so does the value of dollars in Almost Uncirculated and Brilliant Uncirculated conditions. These coins can be purchased for their collector value, but they are also purchased quite steadily for their bullion value as well.
This week APMEX will highlight the 1921 Peace Silver Dollar. This year was a transitional year for the US Mint. It had struck Morgan Silver Dollars for the first time in 16 years, but it was also the last time. Between December 28th to the 31st 1,006,473 1921 Peace Silver Dollars were minted.
The coin, designed by Anthony de Francisci, was struck in high relief, which means that the design was even with or above that of the rim. This caused an extremely weak strike on the examples that were struck later, as the pressure to strike each coin was lessened. The evidence is most noticeable on the Obverse around the ear and on the Reverse where it lacks feather detail on the eagle’s breast. Many Uncirculated 1921 Peace Dollars are graded as Extra Fine or Almost Uncirculated incorrectly, because of this weak strike. A large number of the 1921 Peace Dollars do not have blazing luster as one would expect to see on uncirculated specimens, while others, exhibit overwhelming luster. This is one of the few key dates in the Peace Silver Dollar series and there has always been a high demand for these coins as it was struck in high relief and it is the first year of issue. This is a highly collectible series as it is America’s last 90% silver dollar!
Rumors of Gulf Arab states along with Russia, China, Japan and France replacing the U.S. Dollar as the standard for trading oil surfaced in London this week. Though this report was later denied, the U.S. Dollar dropped even further, which in turn increased precious metals appeal to investors.
A Bank of America Merrill Lynch analyst has predicted that Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above the $100 a barrel mark. Additionally, Francisco Blanch, head of Global Commodity Research, said that for the world economy to resume growth of 5%, commodity supplies will have to expand by a similar rate which will create shortages due to emerging market growth. Savvy investors will pay close attention to these events and use precious metals as a hedge against inflation.
This week, the United States Mint announced that it will offer for sale 2009 one-ounce American Buffalo Proof Gold Coins and one-ounce American Eagle Platinum Proof Coins. The tentative release dates for these products are October 29th and December 3rd, respectively. In addition, the mint will release one-ounce 2009 American Buffalo Gold Bullion Coins on October 15th and the fractional 2009 American Eagle Gold Bullion Coins in the one-half, one-quarter and one-tenth ounce weights on December 3rd.
This week, APMEX customers took advantage of low premiums on 2010 Silver Canadian Maple Leafs. They also had the opportunity to pre-order their 2009 American Buffalo Gold Bullion Coins. Both offers had a very high response due to recent economic events that make the flight to precious metals extremely attractive. To view a full list of bullion items, visit APMEX.com — the Gold Standard in Bullion Trading.
Gold:
Spot Gold prices opened this week at $1,001.20. The high during the week was on Thursday, October 8th at $1,061.10, while the low for the week was on Monday, October 5th at $1,001.20. Gold ended the week with a gain of $48.90 at $1,050.10. This week, 2009 1-oz. American Gold Buffalos Coins, 2009 1-oz. Gold American Eagles and Random Year 1-oz. Canadian Gold Maple Leafs saw tremendous demand in an upward market.
Silver:
Spot Silver prices opened this week at $16.20. Silver reached a high of $17.95 on Thursday, October 8th. The low for silver occurred on Monday, October 5th at $16.03. Silver ended the week up $1.55 at $17.75. This week 2009 1 oz. Silver American Eagles, 2010 1-oz. Canadian Silver Maple Leafs and 1 oz. APMEX .999 Fine Silver Bars held their own in the gold rush.
Platinum:
Spot Platinum prices opened this week at $1,284.00, and ended the week up $55.00 at $1,339.00. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 2009 1-oz. Platinum American Eagles.
Palladium:
Spot Palladium prices opened this week at $300.50, and ended the week up $23.60 at $324.10. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10-oz. Credit Suisse Palladium Bars continue to keep the eye of focused investors.
Numismatics:
It is of great interest this week to note that the spot price of Gold, and to a lesser degree that of Silver, has been soaring. Collectors and investors alike have been clamoring for both metals. APMEX has a wide variety of choices which have been selling very quickly as many financial advisers and analysts believe this is only the beginning of a historic rise in the metals market.
APMEX’S best seller this week in terms of numismatic silver has been Cull Silver Dollars which are a mixture of both the Morgan and Peace series. These coins contain 90% silver and are selling as low as $1.69 over melt. This is an excellent investment if you are looking to create a position in silver. As the spot price of silver continues to rise, so does the value of dollars in Almost Uncirculated and Brilliant Uncirculated conditions. These coins can be purchased for their collector value, but they are also purchased quite steadily for their bullion value as well.
This week APMEX will highlight the 1921 Peace Silver Dollar. This year was a transitional year for the US Mint. It had struck Morgan Silver Dollars for the first time in 16 years, but it was also the last time. Between December 28th to the 31st 1,006,473 1921 Peace Silver Dollars were minted.
The coin, designed by Anthony de Francisci, was struck in high relief, which means that the design was even with or above that of the rim. This caused an extremely weak strike on the examples that were struck later, as the pressure to strike each coin was lessened. The evidence is most noticeable on the Obverse around the ear and on the Reverse where it lacks feather detail on the eagle’s breast. Many Uncirculated 1921 Peace Dollars are graded as Extra Fine or Almost Uncirculated incorrectly, because of this weak strike. A large number of the 1921 Peace Dollars do not have blazing luster as one would expect to see on uncirculated specimens, while others, exhibit overwhelming luster. This is one of the few key dates in the Peace Silver Dollar series and there has always been a high demand for these coins as it was struck in high relief and it is the first year of issue. This is a highly collectible series as it is America’s last 90% silver dollar!
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Weekly Market Recap 09/04/09
According to Stock Trader’s Almanac, September has continuously been the weakest month of the year for stocks since 1950. This year seems to be no exception as financial stocks were hammered early in the week. The Federal Deposit Insurance Corporation (FDIC) took over 45 banks in the first half of this year. That number jumped to 24 in July alone and another 15 were taken over in August. Now, the FDIC has over 400 banks on its troubled “watch” list, but projects 1,000 banks will fail before the economic crisis is through.
The volume in the stock markets was light this week due to traders not wanting to take many gambles over the long Labor Day weekend. But while the stock market dropped from its high on Tuesday, the precious metals markets saw strong gains, with gold briefly nearing the benchmark of $1,000.00 an ounce. On Thursday, Gold reached $998.00 per Troy Ounce during intraday trading. The fear of inflation from stimulus programs worldwide is now taking a larger foothold. The Labor Department further reinforced economic worries as it released reports on Friday stating the unemployment rate is at its highest point in 26 years.
This week, APMEX rolled out a promotion that allows customers an opportunity to win a round trip for two to Australia through a partnership with The Perth Mint. The 2010 “Year of the Tiger” bullion coins were offered at very attractive prices for this contest. The “Escape to Australia” contest runs through the end of the month, so visit APMEX.com today and register to win! In addition, the APMEX Sunshine Labor Day Sale offers never before offered 1oz. Sunshine Mint Silver Rounds as low as $0.59 over spot. The Labor Day Sale runs throughout the weekend, including Monday, while supplies last.
Gold:
Spot Gold prices opened this week at $956.10. The high during the week was on Thursday, September 3rd at $998.00, while the low for the week was on Monday, August 31st at $943.10. Gold ended the week with a gain of $40.00 at $996.10. This week 1 oz. Random Year Gold Krugerrands, 1 oz. Random Year Gold American Eagles and 1 gram APMEX Gold Bars were in very high demand.
Silver:
Spot Silver prices opened this week at $14.77. Silver reached a high of $16.36 on Friday September 3rd, while the low for silver was occurred on Monday August 31st, at $14.55. Silver ended the week with a gain of $1.50 at $16.27. This week 2009 – 1oz. Silver American Eagles, 1 oz. Silver Buffalo Rounds and 2009 – 1 oz. Silver Maple Leafs sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1247.90,and ended the week up $12.00 at $1259.90. Many investors continue to be keenly interested in platinum. 1 oz. Credit Suisse Platinum Bars, 2009 – 1oz. Platinum Canadian Maple Leafs and 1 oz. Brilliant Uncirculated Platinum American Eagles continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $291.45, and ended the week with a gain of $4.25 at $295.70. This week, the most popular of these products were (1 oz.) .999 Fine Pamp Suisse Palladium Bars, 2009 – 1oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars were highly sought after this week.
Numismatics:
The unofficial end of summer is now upon us. So what do we have to look forward to now? Precious Metals prices have moved up as Gold rose to nearly $1,000.00 this week and silver has also climbed significantly. The metals are certainly taking a turn for the high road and APMEX is right there with you! Pre-1933 Gold, although it never lost much interest, has garnered a great deal of attention with $20 Saint-Gaudens Gold Coins and $20 Liberty Head Gold Coins leading the way. These coins are now worth even more with spot prices steadily rising! Silver also benefited from these rising spot prices. There is now a widespread resurgence in interest in the older silver coins, namely Barber Half Dollars, Barber Quarter Dollars, Washington Quarter Dollars and Mercury Dimes. All have had varied success in the past, but have really received significant interest since the spot silver price has risen over the last few weeks.
Additionally, as silver continues to climb, so does interest for Classic Silver Commemorative Half Dollars. This affordable series maintains its attractiveness to collector’s wallets even in both MS-65 and MS-66 grades and, occasionally, in MS-67 grade! As 2009 is the bi-centennial year of Lincoln’s birth, the 1918 Illinois-Lincoln Commemorative Half Dollar has seen a lot of interest and we are having trouble keeping them in stock! Common date average circulated classic silver commemoratives, such as the Columbian Exposition and the Booker T. Washington, have also been very difficult to keep in stock as the silver content is almost worth more than its numismatic value.
The volume in the stock markets was light this week due to traders not wanting to take many gambles over the long Labor Day weekend. But while the stock market dropped from its high on Tuesday, the precious metals markets saw strong gains, with gold briefly nearing the benchmark of $1,000.00 an ounce. On Thursday, Gold reached $998.00 per Troy Ounce during intraday trading. The fear of inflation from stimulus programs worldwide is now taking a larger foothold. The Labor Department further reinforced economic worries as it released reports on Friday stating the unemployment rate is at its highest point in 26 years.
This week, APMEX rolled out a promotion that allows customers an opportunity to win a round trip for two to Australia through a partnership with The Perth Mint. The 2010 “Year of the Tiger” bullion coins were offered at very attractive prices for this contest. The “Escape to Australia” contest runs through the end of the month, so visit APMEX.com today and register to win! In addition, the APMEX Sunshine Labor Day Sale offers never before offered 1oz. Sunshine Mint Silver Rounds as low as $0.59 over spot. The Labor Day Sale runs throughout the weekend, including Monday, while supplies last.
Gold:
Spot Gold prices opened this week at $956.10. The high during the week was on Thursday, September 3rd at $998.00, while the low for the week was on Monday, August 31st at $943.10. Gold ended the week with a gain of $40.00 at $996.10. This week 1 oz. Random Year Gold Krugerrands, 1 oz. Random Year Gold American Eagles and 1 gram APMEX Gold Bars were in very high demand.
Silver:
Spot Silver prices opened this week at $14.77. Silver reached a high of $16.36 on Friday September 3rd, while the low for silver was occurred on Monday August 31st, at $14.55. Silver ended the week with a gain of $1.50 at $16.27. This week 2009 – 1oz. Silver American Eagles, 1 oz. Silver Buffalo Rounds and 2009 – 1 oz. Silver Maple Leafs sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1247.90,and ended the week up $12.00 at $1259.90. Many investors continue to be keenly interested in platinum. 1 oz. Credit Suisse Platinum Bars, 2009 – 1oz. Platinum Canadian Maple Leafs and 1 oz. Brilliant Uncirculated Platinum American Eagles continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $291.45, and ended the week with a gain of $4.25 at $295.70. This week, the most popular of these products were (1 oz.) .999 Fine Pamp Suisse Palladium Bars, 2009 – 1oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars were highly sought after this week.
Numismatics:
The unofficial end of summer is now upon us. So what do we have to look forward to now? Precious Metals prices have moved up as Gold rose to nearly $1,000.00 this week and silver has also climbed significantly. The metals are certainly taking a turn for the high road and APMEX is right there with you! Pre-1933 Gold, although it never lost much interest, has garnered a great deal of attention with $20 Saint-Gaudens Gold Coins and $20 Liberty Head Gold Coins leading the way. These coins are now worth even more with spot prices steadily rising! Silver also benefited from these rising spot prices. There is now a widespread resurgence in interest in the older silver coins, namely Barber Half Dollars, Barber Quarter Dollars, Washington Quarter Dollars and Mercury Dimes. All have had varied success in the past, but have really received significant interest since the spot silver price has risen over the last few weeks.
Additionally, as silver continues to climb, so does interest for Classic Silver Commemorative Half Dollars. This affordable series maintains its attractiveness to collector’s wallets even in both MS-65 and MS-66 grades and, occasionally, in MS-67 grade! As 2009 is the bi-centennial year of Lincoln’s birth, the 1918 Illinois-Lincoln Commemorative Half Dollar has seen a lot of interest and we are having trouble keeping them in stock! Common date average circulated classic silver commemoratives, such as the Columbian Exposition and the Booker T. Washington, have also been very difficult to keep in stock as the silver content is almost worth more than its numismatic value.
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Weekly Market Recap 08/21/09
This week has seen more sideways trading as the markets continue to seek a clear and definitive direction. While some are claiming the worst is over, others like Bloomberg.com report that more than 300 banks could still fail across the nation, further affecting small businesses and consumers, the real drivers of the economy. This mixed review has left many precious metals investors highly concerned about the validity of the positive reports and leery of the potential backlash of over confidence in the stock markets.
APMEX’s “The Great American Coin Giveaway” is in full swing. In fact, APMEX shipped out free coins like Silver American Eagles, 1/10 oz Gold American Eagles and 1 oz Silver APMEX rounds to the lucky winners this week. There will be more awards in the coming weeks, but you need to register to have the opportunity to win. Register for APMEX’s Great American Coin Giveaway here. Congratulations to the WINNERS from the Great American Coin Give Away! You can view winners on the contest winners page!
Gold:
Spot Gold prices opened this week at $947.50. The high during the week was at market close on Friday, August 21st at $954.20, while the low for the week was also on Monday, August 17th at $930.00. Gold ended the week up $6.70 at $954.20. This week 1 oz. Random Year Gold Krugerrands, 1 oz. Random Year Gold American Eagles and 1/10 oz. Random Year Gold American Eagles were in very high demand.
Silver:
Spot Silver prices opened this week at $14.73 and set its high for the week on Monday, August 17th, while the low for silver was occurred on Wednesday, August 19th, at $13.49. Silver ended the week down $0.50 at $14.23 This week 2009 1 oz. Silver Maple Leafs, 1 oz. Brilliant Uncirculated Silver American Eagles, and 1 oz. APMEX .999 Fine Silver Rounds sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1265.00, and ended the week down slightly at $1261.00. 1 oz. Pamp Suisse Platinum Bars, 2009 – 1 oz. Platinum Canadian Maple Leafs and 1 oz. Brilliant Uncirculated Platinum American Eagles continue to enjoy investors attentions.
Palladium:
Spot Palladium prices opened this week at $276.00, and ended the week with a gain of $10.25 at $286.25. Popular products this week were 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. .999 Fine Credit Suisse Palladium Bars, and Kilo .999 Fine Pamp Suisse Palladium Bars.
Numismatics
Though it is a fixture on all American coins and currency now, IN GOD WE TRUST did not appear on American coinage until 1864 when it graced the Two-Cent Piece. This was due in large part to the strong religious beliefs of the time during the Civil War. Secretary of the Treasury Mint Salmon P. Chase took it upon himself to affix some type of motto with the word “GOD” onto all coins. He was successful in doing so in 1865 when Congress, and the Mint Director allowed the motto to be placed on all silver and gold coins. Between the years of 1864 and 1909 it appeared on some coins while it did not appear on others. A few coins that it did appear on were the Shield Nickel , the $20, $10 and $5 Liberty Gold Coins, the Morgan Silver Dollar, the Barber Half Dollar, and the Barber Quarter Dollar. It appeared on the new Lincoln Cent in 1909 and has remained there ever since. In 1916 it became a permanent fixture on the dime and the quarter. The Jefferson Nickel, first minted in 1938, also bore that inscription. In 1956 IN GOD WE TRUST was declared the national motto of the United States. The motto first appeared on paper currency in 1957 with the one dollar silver certificate. Though it has met with some controversy, most Americans approve of the motto on United States money.
APMEX has now obtained the 2009 Denver Mint Professional Years Lincoln Cent. They are available as a single coin, as a roll, or as a 50 roll box ($25 Face Value). Next week, on August 26th, the Mint will release the 4 newly-designed 2009 Lincoln Cents in their original copper composition, just as they were released in 1909. These coins will be packaged as a four coin proof set. Their original composition was 95% copper, 3% zinc, and 2% tin alloy. Thomas Jurkowsky, Director of the U.S. Mint’s Office of Public Affairs, has stated that the sets are unlimited. The Mint has not yet disclosed a price.
APMEX’s “The Great American Coin Giveaway” is in full swing. In fact, APMEX shipped out free coins like Silver American Eagles, 1/10 oz Gold American Eagles and 1 oz Silver APMEX rounds to the lucky winners this week. There will be more awards in the coming weeks, but you need to register to have the opportunity to win. Register for APMEX’s Great American Coin Giveaway here. Congratulations to the WINNERS from the Great American Coin Give Away! You can view winners on the contest winners page!
Gold:
Spot Gold prices opened this week at $947.50. The high during the week was at market close on Friday, August 21st at $954.20, while the low for the week was also on Monday, August 17th at $930.00. Gold ended the week up $6.70 at $954.20. This week 1 oz. Random Year Gold Krugerrands, 1 oz. Random Year Gold American Eagles and 1/10 oz. Random Year Gold American Eagles were in very high demand.
Silver:
Spot Silver prices opened this week at $14.73 and set its high for the week on Monday, August 17th, while the low for silver was occurred on Wednesday, August 19th, at $13.49. Silver ended the week down $0.50 at $14.23 This week 2009 1 oz. Silver Maple Leafs, 1 oz. Brilliant Uncirculated Silver American Eagles, and 1 oz. APMEX .999 Fine Silver Rounds sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1265.00, and ended the week down slightly at $1261.00. 1 oz. Pamp Suisse Platinum Bars, 2009 – 1 oz. Platinum Canadian Maple Leafs and 1 oz. Brilliant Uncirculated Platinum American Eagles continue to enjoy investors attentions.
Palladium:
Spot Palladium prices opened this week at $276.00, and ended the week with a gain of $10.25 at $286.25. Popular products this week were 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. .999 Fine Credit Suisse Palladium Bars, and Kilo .999 Fine Pamp Suisse Palladium Bars.
Numismatics
Though it is a fixture on all American coins and currency now, IN GOD WE TRUST did not appear on American coinage until 1864 when it graced the Two-Cent Piece. This was due in large part to the strong religious beliefs of the time during the Civil War. Secretary of the Treasury Mint Salmon P. Chase took it upon himself to affix some type of motto with the word “GOD” onto all coins. He was successful in doing so in 1865 when Congress, and the Mint Director allowed the motto to be placed on all silver and gold coins. Between the years of 1864 and 1909 it appeared on some coins while it did not appear on others. A few coins that it did appear on were the Shield Nickel , the $20, $10 and $5 Liberty Gold Coins, the Morgan Silver Dollar, the Barber Half Dollar, and the Barber Quarter Dollar. It appeared on the new Lincoln Cent in 1909 and has remained there ever since. In 1916 it became a permanent fixture on the dime and the quarter. The Jefferson Nickel, first minted in 1938, also bore that inscription. In 1956 IN GOD WE TRUST was declared the national motto of the United States. The motto first appeared on paper currency in 1957 with the one dollar silver certificate. Though it has met with some controversy, most Americans approve of the motto on United States money.
APMEX has now obtained the 2009 Denver Mint Professional Years Lincoln Cent. They are available as a single coin, as a roll, or as a 50 roll box ($25 Face Value). Next week, on August 26th, the Mint will release the 4 newly-designed 2009 Lincoln Cents in their original copper composition, just as they were released in 1909. These coins will be packaged as a four coin proof set. Their original composition was 95% copper, 3% zinc, and 2% tin alloy. Thomas Jurkowsky, Director of the U.S. Mint’s Office of Public Affairs, has stated that the sets are unlimited. The Mint has not yet disclosed a price.
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Weekly Market Recap 07/31/09
This week, the Federal Reserve’s Beige Book Report said economic conditions are still weak. According to the report, the economy contracted for a record-breaking fourth quarter in a row. In the past year the economy has fallen 3.9%, the sharpest drop since the Great Depression of the 1930’s.
Tech stocks were weighed down this week by the market’s disappointment in the advertising and search engine deal between Yahoo and Microsoft. In its biggest single-day loss since May, Crude Oil fell 5.8%. Energy stocks followed this trend and went on to be the market’s weakest link this week. Talks of the recession ending are still present; however, weary economic data continues to support the contrary. The markets for Gold and Silver seemed to move sideways this week with little movement in either direction.
This weekend, APMEX is providing its customers with a fantastic opportunity to take advantage of extremely low premiums on a large selection of Heraeus Gold and Silver Bars. These bars present a great opportunity to add to your bullion position. To see a full list of Heraeus Gold and Silver specials visit APMEX.com.
Gold:
Spot Gold prices opened this week at $951.40. The high during the week was on Monday, July 27th at $960.00, while the low for the week was on Wednesday, July 29th at $925.20. Gold ended the week with a gain of $4.50 at $955.90. This week 1 oz. Random Year Gold American Eagles, 2009 1 oz. Canadian Maple Leafs and 1/10 oz. Random Year Gold American Eagles were in very high demand.
Silver:
Spot Silver prices opened this week at $13.89. Silver reached a high of $14.09 on both Monday the 27th and Tuesday the 28th, while the low for silver occurred on Wednesday, July 29th, at $13.16. Silver ended the week with a gain of $0.09 at $13.98. This week Brilliant Uncirculated Random Year 1 oz. Silver Eagles, 2009 1 oz. Silver Maple Leafs and APMEX 1 oz. Fine Silver Rounds sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1193.80, and ended the week up $23.10 at $1216.90. Many investors continue to be keenly interested in platinum. 1 oz. Pamp Suisse Platinum Bars, 10 oz. Credit Suisse Platinum Bars and 2009 1 oz. Platinum Canadian Maple Leafs continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $260.95, and ended the week with a gain of $7.85 at $268.80. This week, the most popular of these products are 1 oz. Pamp Suisse Palladium Bars, 1 oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
2009 Gold Buffalos are on the horizon! According to Coin World, the numismatic hobby’s largest trade publication, the U.S. Mint is set to strike 2009 $50 Gold Buffalos beginning in October. Gold Buffalo coins are the first 24-karat gold coins (.999 Fine) issued by the United States Mint. Since their arrival in 2006, Gold Buffalos have commanded outrageous premiums. This is due in large part to their beautiful design, modeled after the 1913 Buffalo Nickel by James Earle Fraser. This beautiful coin has captured both the investors and collectors eye, making this the most sought after bullion coin the U.S. Mint is currently producing. There has been no word yet as to whether or not the Mint intends to produce any proof examples or any fractional denominations.
For more strictly numismatic news, the Mint has also resumed production of its 2009 Nickels and Dimes, which up until this point had only struck 86.6 million Jefferson nickels and 148 million Roosevelt Dimes. This would have been the lowest mintage for both denominations since the 1950’s. However, since they have decided to resume production, mintages may be much higher, though only a small portion have found their way into circulation thus far. Despite the fact that the Mint will be producing more, these coins may very well become a present day rarity!
Recently, Walking Liberty Half Dollars, especially the key date 1921-D, and the short set, which comprises the last seven years of the series 1941-1947, have really seen a resurgence in interest. High grade examples that have been certified by a third party grading service are commanding the highest premiums. However, this set is very attainable and affordable in average circulated condition with the most expensive coin costing less than $300.
Tech stocks were weighed down this week by the market’s disappointment in the advertising and search engine deal between Yahoo and Microsoft. In its biggest single-day loss since May, Crude Oil fell 5.8%. Energy stocks followed this trend and went on to be the market’s weakest link this week. Talks of the recession ending are still present; however, weary economic data continues to support the contrary. The markets for Gold and Silver seemed to move sideways this week with little movement in either direction.
This weekend, APMEX is providing its customers with a fantastic opportunity to take advantage of extremely low premiums on a large selection of Heraeus Gold and Silver Bars. These bars present a great opportunity to add to your bullion position. To see a full list of Heraeus Gold and Silver specials visit APMEX.com.
Gold:
Spot Gold prices opened this week at $951.40. The high during the week was on Monday, July 27th at $960.00, while the low for the week was on Wednesday, July 29th at $925.20. Gold ended the week with a gain of $4.50 at $955.90. This week 1 oz. Random Year Gold American Eagles, 2009 1 oz. Canadian Maple Leafs and 1/10 oz. Random Year Gold American Eagles were in very high demand.
Silver:
Spot Silver prices opened this week at $13.89. Silver reached a high of $14.09 on both Monday the 27th and Tuesday the 28th, while the low for silver occurred on Wednesday, July 29th, at $13.16. Silver ended the week with a gain of $0.09 at $13.98. This week Brilliant Uncirculated Random Year 1 oz. Silver Eagles, 2009 1 oz. Silver Maple Leafs and APMEX 1 oz. Fine Silver Rounds sold in very strong quantities.
Platinum:
Spot Platinum prices opened this week at $1193.80, and ended the week up $23.10 at $1216.90. Many investors continue to be keenly interested in platinum. 1 oz. Pamp Suisse Platinum Bars, 10 oz. Credit Suisse Platinum Bars and 2009 1 oz. Platinum Canadian Maple Leafs continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $260.95, and ended the week with a gain of $7.85 at $268.80. This week, the most popular of these products are 1 oz. Pamp Suisse Palladium Bars, 1 oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
2009 Gold Buffalos are on the horizon! According to Coin World, the numismatic hobby’s largest trade publication, the U.S. Mint is set to strike 2009 $50 Gold Buffalos beginning in October. Gold Buffalo coins are the first 24-karat gold coins (.999 Fine) issued by the United States Mint. Since their arrival in 2006, Gold Buffalos have commanded outrageous premiums. This is due in large part to their beautiful design, modeled after the 1913 Buffalo Nickel by James Earle Fraser. This beautiful coin has captured both the investors and collectors eye, making this the most sought after bullion coin the U.S. Mint is currently producing. There has been no word yet as to whether or not the Mint intends to produce any proof examples or any fractional denominations.
For more strictly numismatic news, the Mint has also resumed production of its 2009 Nickels and Dimes, which up until this point had only struck 86.6 million Jefferson nickels and 148 million Roosevelt Dimes. This would have been the lowest mintage for both denominations since the 1950’s. However, since they have decided to resume production, mintages may be much higher, though only a small portion have found their way into circulation thus far. Despite the fact that the Mint will be producing more, these coins may very well become a present day rarity!
Recently, Walking Liberty Half Dollars, especially the key date 1921-D, and the short set, which comprises the last seven years of the series 1941-1947, have really seen a resurgence in interest. High grade examples that have been certified by a third party grading service are commanding the highest premiums. However, this set is very attainable and affordable in average circulated condition with the most expensive coin costing less than $300.
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Weekly Market Recap 07/24/09
While the Dow Jones Industrial Average showed a bit of strength this week, it was not all good news for the stock market. Microsoft announced a billion dollar revenue shortfall that hung a damper over the entire tech sector. Meanwhile online giant Amazon.com reported a 10% decline in 2nd quarter earnings as reported by Reuters. But not all of the markets reported gloomy news. Gold prices rebounded from its lows on news of a weakening US dollar and higher energy prices, as reported by ScotiaMocatta’s Global Research.
This week, APMEX dug even deeper into the vaults and presented customers with an opportunity to buy from a large selection of products for only $9.99 or less. The sale runs through the weekend, however due to high customer response these selected items are moving fast. To see a full list of remaining coins visit APMEX.com.
Gold:
Spot Gold prices opened this week at $938.50. The high during the week was on Thursday, July 23rd at $957.50, while the low for the week was on Monday, July 20th at $937.00. Gold ended the week with a gain of $13.90 at $952.40. This week 2009 1/10thoz. Gold Maple Leafs, 1oz. Random Year Gold American Eagles and 10 gram APMEX Gold Bars were in very high demand.
Silver:
Spot Silver prices opened this week at $13.40. Silver reached a high of $13.95 at the close of the market on Friday, July 24th, while the low for silver occurred on Wednesday, July 22nd, at $13.34. Silver ended the week with a gain of $0.55 at $13.95. This week Brilliant Uncirculated Random Year 1oz. Silver Eagles, 2009 1oz. Silver Maple Leafs and 1oz. Fine Silver Buffalo Rounds sold in very strong quantities this week.
Platinum:
Spot Platinum prices opened this week at $1176.80, and ended the week up $16.50 at $1193.30. Many investors continue to be keenly interested in platinum. 1oz. Pamp Suisse Platinum Bars, 1/4oz. Platinum American Eagles and 2009 1oz. Platinum Canadian Maple Leafs continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $250.95, and ended the week with a gain of $16.00 at $266.95. This week, the most popular of these products are 1oz. Pamp Suisse Palladium Bars, 1oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
Where have all the dimes gone? As time takes its toll on us, it also takes its toll on the hobby of coin collecting. Over the last 30 years, silver has experienced a somewhat uneven marketplace with high peaks and low valleys. Silver reached its peak during 1979 and 1980 due to an anomaly that will likely never be repeated. It’s most recent peak was in March of 2008, when it was over $20.00 an ounce. These peaks and valleys have significantly reduced the numbers of dimes considered to be thought of as common coins in collector grades. These coins are now becoming scarce due to their bullion content. Mercury Dimes, always a hit with collectors, are especially in short-supply as these lower grade examples are traded strictly as bullion now. However, even though this is now becoming a tougher series to collect in circulated grades, the key dates such as the 1916-D are still most commonly found on the bourse floor in Almost Good-3 to Very Good-10 grades.
Although the future price of silver is unknown, one thing that is known is that nearly all Type coin prices are strong. Problem free examples, of course, have enjoyed the most success though ones with minor defects that are reasonably priced are also being purchased. Two Cent Pieces, especially in circulated grades, have had a tremendous run with its key dates the 1864 Small Motto, and the 1872, when found, still commanding high premiums.
Classic Commemoratives are continuing to pick up steam too as nearly all are commanding strong prices. This set, even in high grade, is very affordable and attainable. Classic Commemorative Memorabilia, though always bringing strong prices, have only become scarcer as these articles have either deteriorated due to lack of proper preservation or they have been lost to time.
This week, APMEX dug even deeper into the vaults and presented customers with an opportunity to buy from a large selection of products for only $9.99 or less. The sale runs through the weekend, however due to high customer response these selected items are moving fast. To see a full list of remaining coins visit APMEX.com.
Gold:
Spot Gold prices opened this week at $938.50. The high during the week was on Thursday, July 23rd at $957.50, while the low for the week was on Monday, July 20th at $937.00. Gold ended the week with a gain of $13.90 at $952.40. This week 2009 1/10thoz. Gold Maple Leafs, 1oz. Random Year Gold American Eagles and 10 gram APMEX Gold Bars were in very high demand.
Silver:
Spot Silver prices opened this week at $13.40. Silver reached a high of $13.95 at the close of the market on Friday, July 24th, while the low for silver occurred on Wednesday, July 22nd, at $13.34. Silver ended the week with a gain of $0.55 at $13.95. This week Brilliant Uncirculated Random Year 1oz. Silver Eagles, 2009 1oz. Silver Maple Leafs and 1oz. Fine Silver Buffalo Rounds sold in very strong quantities this week.
Platinum:
Spot Platinum prices opened this week at $1176.80, and ended the week up $16.50 at $1193.30. Many investors continue to be keenly interested in platinum. 1oz. Pamp Suisse Platinum Bars, 1/4oz. Platinum American Eagles and 2009 1oz. Platinum Canadian Maple Leafs continue to lead the way as the products of choice with investors.
Palladium:
Spot Palladium prices opened this week at $250.95, and ended the week with a gain of $16.00 at $266.95. This week, the most popular of these products are 1oz. Pamp Suisse Palladium Bars, 1oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
Where have all the dimes gone? As time takes its toll on us, it also takes its toll on the hobby of coin collecting. Over the last 30 years, silver has experienced a somewhat uneven marketplace with high peaks and low valleys. Silver reached its peak during 1979 and 1980 due to an anomaly that will likely never be repeated. It’s most recent peak was in March of 2008, when it was over $20.00 an ounce. These peaks and valleys have significantly reduced the numbers of dimes considered to be thought of as common coins in collector grades. These coins are now becoming scarce due to their bullion content. Mercury Dimes, always a hit with collectors, are especially in short-supply as these lower grade examples are traded strictly as bullion now. However, even though this is now becoming a tougher series to collect in circulated grades, the key dates such as the 1916-D are still most commonly found on the bourse floor in Almost Good-3 to Very Good-10 grades.
Although the future price of silver is unknown, one thing that is known is that nearly all Type coin prices are strong. Problem free examples, of course, have enjoyed the most success though ones with minor defects that are reasonably priced are also being purchased. Two Cent Pieces, especially in circulated grades, have had a tremendous run with its key dates the 1864 Small Motto, and the 1872, when found, still commanding high premiums.
Classic Commemoratives are continuing to pick up steam too as nearly all are commanding strong prices. This set, even in high grade, is very affordable and attainable. Classic Commemorative Memorabilia, though always bringing strong prices, have only become scarcer as these articles have either deteriorated due to lack of proper preservation or they have been lost to time.
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Weekly Market Recap 07/10/09
Stock market trading was lighter than normal this week as many investors are still waiting for a signal of a firmer economy. Early in the week, oil prices hit a six week low, which sparked concerns that economic recovery still may be in the distant future. The University of Michigan released a report late in the week showing American consumer confidence has fallen to 64.6 in July from 70.5 in June. Talks of a second Federal Stimulus Package surfaced this week confirming doubts that the tide has not turned for the economy.
Due to overwhelming positive feedback, the Summer Inventory Blowout Sale has been extended through the weekend. The extension allows metal investors and numismatic collectors the opportunity to continue to save up to 75% off regular prices on selected items marked with the “Firecracker” icon. To take advantage of these great prices visit www.APMEX.com.
Here is a brief overview of the highs and lows for the week.
Gold:
Spot Gold prices opened this week at $934.30. The high during the week was the market open on Monday, July 6th at $934.30, while the low for the week was on Wednesday, July 8th at $904.80. Gold ended the week down a bit at $913.40. This week 1 oz. 2009 Gold American Eagles, 2009 Gold Maple Leafs and 1oz. Pamp Suisse Gold Bars were popular items with investors.
Silver:
Spot Silver prices opened this week at $13.42. Silver reached a high of $13.48 on Monday, July 6th, while the low for silver occurred on Wednesday, July 8th, at $12.74. Silver ended the week at $12.70. This week 1oz. 2009 Silver American Eagles, 1oz. Silver Buffalo Rounds and 5 oz. Silver APMEX Rounds were quite popular, as were many silver items included in the Summer Blowout sale.
Platinum:
Spot Platinum prices opened this week at $1186.20, and ended the week down a bit at $1108.20. Many investors continue to be keenly interested in platinum. This week 1oz. Pamp Suisse Platinum Bars, 1oz. 2009 Platinum Maple Leafs and 1 oz. Scotiabank Platinum Bars were in high demand at APMEX.com
Palladium:
Spot Palladium prices opened this week at $250.00, and ended the week down a bit at $238.45. The most popular of these products this week were; 1oz. Pamp Suisse Palladium Bars, 10 oz. Palladium Pamp Suisse Bars and Random Year 1oz. Palladium Canadian Maple Leafs.
Numismatics:
Typically during the Summer season, prices will remain level as many dealers and collectors take a well-deserved breather from their active pursuit of numismatics. That does not seem to be the case this year! Although precious metals prices are a little bit lower than in recent weeks, demand has not abated. Common date US Gold Coins are extremely active on both the wholesale and retail markets, while rare date gold coins have weakened slightly.
Key date coins are also continuing to remain popular and in demand. A well-known key date silver coin, the 1916-D Mercury Dime, is particularly popular and it is one that all Dime collectors need! Early date specimens of Walking Liberty Half Dollars are also a quick-selling commodity. Continuing the “key date” trend is the 1893-S Morgan Silver Dollar, a rare coin that continues to advance in price almost regardless of grade!
Early Type Coins have finally retrenched and prices are starting to soften, after many months of very strong price advances. However, we are unsure whether this softening is the start of a correction or a temporary aberration. This may prove to be an excellent opportunity to purchase coins.
Due to overwhelming positive feedback, the Summer Inventory Blowout Sale has been extended through the weekend. The extension allows metal investors and numismatic collectors the opportunity to continue to save up to 75% off regular prices on selected items marked with the “Firecracker” icon. To take advantage of these great prices visit www.APMEX.com.
Here is a brief overview of the highs and lows for the week.
Gold:
Spot Gold prices opened this week at $934.30. The high during the week was the market open on Monday, July 6th at $934.30, while the low for the week was on Wednesday, July 8th at $904.80. Gold ended the week down a bit at $913.40. This week 1 oz. 2009 Gold American Eagles, 2009 Gold Maple Leafs and 1oz. Pamp Suisse Gold Bars were popular items with investors.
Silver:
Spot Silver prices opened this week at $13.42. Silver reached a high of $13.48 on Monday, July 6th, while the low for silver occurred on Wednesday, July 8th, at $12.74. Silver ended the week at $12.70. This week 1oz. 2009 Silver American Eagles, 1oz. Silver Buffalo Rounds and 5 oz. Silver APMEX Rounds were quite popular, as were many silver items included in the Summer Blowout sale.
Platinum:
Spot Platinum prices opened this week at $1186.20, and ended the week down a bit at $1108.20. Many investors continue to be keenly interested in platinum. This week 1oz. Pamp Suisse Platinum Bars, 1oz. 2009 Platinum Maple Leafs and 1 oz. Scotiabank Platinum Bars were in high demand at APMEX.com
Palladium:
Spot Palladium prices opened this week at $250.00, and ended the week down a bit at $238.45. The most popular of these products this week were; 1oz. Pamp Suisse Palladium Bars, 10 oz. Palladium Pamp Suisse Bars and Random Year 1oz. Palladium Canadian Maple Leafs.
Numismatics:
Typically during the Summer season, prices will remain level as many dealers and collectors take a well-deserved breather from their active pursuit of numismatics. That does not seem to be the case this year! Although precious metals prices are a little bit lower than in recent weeks, demand has not abated. Common date US Gold Coins are extremely active on both the wholesale and retail markets, while rare date gold coins have weakened slightly.
Key date coins are also continuing to remain popular and in demand. A well-known key date silver coin, the 1916-D Mercury Dime, is particularly popular and it is one that all Dime collectors need! Early date specimens of Walking Liberty Half Dollars are also a quick-selling commodity. Continuing the “key date” trend is the 1893-S Morgan Silver Dollar, a rare coin that continues to advance in price almost regardless of grade!
Early Type Coins have finally retrenched and prices are starting to soften, after many months of very strong price advances. However, we are unsure whether this softening is the start of a correction or a temporary aberration. This may prove to be an excellent opportunity to purchase coins.
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