The U.S. economy shed an additional 36,000 jobs in February. Although fewer jobs were lost than expected, the unemployment rate remained at 9.7%, according to The Wall Street Journal. An industry report said the U.S. manufacturing sector grew in February but at a slower rate than was expected.
The Commerce Department said on Monday that spending rose 0.5%, increasing for the fourth straight month, reported Reuters. Analysts polled by Reuters had expected consumer spending, which normally accounts for over two-thirds of U.S. economic activity, to increase 0.4% in January. “The message is continuing progress for the economy, if not as fast as hoped,” said Pierre Ellis, a senior economist at Decision Economics in New York.
MSN Money warned this week that the Federal Reserve’s recent increase in the discount rate may mean that higher interest rates are coming. Although the move came sooner than many had expected, it was a step toward more-normal conditions. The Fed stressed that the move doesn’t mean an imminent rise in the more-important federal funds rate. But despite those words, it’s a clear warning from the Fed that near-zero interest rates won’t last forever. This action has led some to speculate that U.S. consumers may begin to feel the pinch of inflation very soon, making precious metals all the more attractive as a hard asset.
Gold:
Spot gold prices opened this week at $1,119.00. The high during the week was on Wednesday, March 3rd, at $1,145.80, while the low for the week occurred on Monday, March 1st, at $1,112.10. Gold ended the week up $17.20 at $1,136.20. This week, Gold American Eagles, Canadian Gold Maple Leafs, and 1 oz. .9999 Pamp Suisse Gold Bars remained popular with investors.
Silver:
Spot silver prices opened this week at $16.62. Silver reached a high of $17.52 on Friday, March 5th, while the low for silver occurred on Tuesday, March 2nd, at $16.42. Silver ended the week up $0.80 at $17.42. This week, the most popular silver items included 1 oz. APMEX .999 Fine Silver Rounds, Silver American Eagles, and 1 oz. Silver Buffalo Rounds.
Platinum:
Spot platinum prices opened this week at $1,540.00 and ended the week up $41.90 at $1,581.90. 1 oz. Pamp Suisse Platinum Bars, Platinum American Eagles, and 1 gram Credit Suisse Platinum Bars were popular with platinum investors this week.
Palladium:
Spot palladium prices opened this week at $433.90 and ended the week up $48.50 at $482.40. Popular palladium products this week included 2009 Palladium Canadian Maple Leafs MS-69 NGC and 1 oz. .999 Fine Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX features a different bullion product for the benefit of our readers. This week’s featured product is the Australian Gold Kangaroo from the Perth Mint.
Founded in 1899, the Perth Mint is a world leader in the innovative design and minting of precious metal products. The Perth Mint introduced the Australian Gold Kangaroo/Nugget series of bullion coins in 1987. From its beginning, this issue of coins had two unique features: these coins featured a 'two-tone' frosted design effect, and each coin was sealed in an individual hard plastic case. Issued as Australian legal tender, gold Kangaroos are a favorite with investors worldwide.
At first, the reverse of these coins displayed an Australian gold nugget. Then in 1989, the design was changed to feature a more world-recognized symbol of Australia — the kangaroo. The Australian Kangaroo designs vary every year, making these bullion coins highly sought after as collectibles. Struck from .9999 pure gold, Australian Kangaroos make a great addition to anyone's bullion position.
APMEX offers Australian Gold Kangaroo/Nugget coins in a variety of sizes, including 1 ounce gold coins and fractional gold coins in 1/2, 1/4, 1/10 and 1/20 ounce weights.
Showing posts with label Online Silver Dealer. Show all posts
Showing posts with label Online Silver Dealer. Show all posts
APMEX - Watch Less, Plan More With Market Alerts
Free personalized APMEX Market Alerts give you exclusive VIP information – delivered by text message or email!
As an APMEX Customer, you can take advantage of this FREE service – only available at APMEX! We understand that you are busy and we value your time. The market moves quickly and that can be incredibly frustrating at times, especially when you have missed your target prices.
You don’t need to spend your valuable time watching spot metal price movements. We’ll watch the market movements minute by minute for you! When any of your target prices are met, we will immediately text message or email you. This tool helps you uncover those great buying and selling opportunities. With APMEX at your side 24/7, you can buy or sell EXACTLY when the price is right for you.
What are the advantages of APMEX Market Alerts?
APMEX Market Alerts are simple to set up and manage. You may create a free account at APMEX or login to your existing account. While on your “My Account” page, click the tab at the top of the page labeled “Market Alerts”. You may then use the drop down menus to select the metal type for your alert, whether you are interested in a price rise or a price fall, and then enter a specific dollar amount in the field.
For example, if you are interested in receiving an APMEX Market Alert email when the price of Gold dips below $1,200.00 per ounce, you should set your Market Alert for Gold: Ask Falls Below: $1,200.00. If you want to know when the price of silver moves up to $16.00, simply set your Market Alert to Silver: Ask Rises Above: $16.00.
It’s that easy! Once you have successfully set up your Market Alerts, we will automatically email you when the precious metal’s spot price meets your specific criteria. This will allow you to make informed decisions about your precious metals trades.
Create your FREE Market Alerts now to start buying low and selling high!
As an APMEX Customer, you can take advantage of this FREE service – only available at APMEX! We understand that you are busy and we value your time. The market moves quickly and that can be incredibly frustrating at times, especially when you have missed your target prices.
You don’t need to spend your valuable time watching spot metal price movements. We’ll watch the market movements minute by minute for you! When any of your target prices are met, we will immediately text message or email you. This tool helps you uncover those great buying and selling opportunities. With APMEX at your side 24/7, you can buy or sell EXACTLY when the price is right for you.
What are the advantages of APMEX Market Alerts?
- Sends you text messages or emails when metals reach your target price
- Helps you maximize your buy-in position
- Helps you maximize your sell or exit strategy
- Keeps you on track with your investment goals
- Allows you to react faster to changes in the market
APMEX Market Alerts are simple to set up and manage. You may create a free account at APMEX or login to your existing account. While on your “My Account” page, click the tab at the top of the page labeled “Market Alerts”. You may then use the drop down menus to select the metal type for your alert, whether you are interested in a price rise or a price fall, and then enter a specific dollar amount in the field.
For example, if you are interested in receiving an APMEX Market Alert email when the price of Gold dips below $1,200.00 per ounce, you should set your Market Alert for Gold: Ask Falls Below: $1,200.00. If you want to know when the price of silver moves up to $16.00, simply set your Market Alert to Silver: Ask Rises Above: $16.00.
It’s that easy! Once you have successfully set up your Market Alerts, we will automatically email you when the precious metal’s spot price meets your specific criteria. This will allow you to make informed decisions about your precious metals trades.
Create your FREE Market Alerts now to start buying low and selling high!
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Market Recap 1/29/10
Home sales took another significant hit in December, raising worries about the housing market's ability to recover once government support begins to wane. Single-family home sales fell 7.6%, following a 9.3% plunge in November, according to an article by Jeff Bader and Sara Murray in the Wall Street Journal. “The new-home market continued to wilt late in 2009,” said Mike Larson, an analyst at Weiss Research Inc. “The buyers who are willing and able to buy are flocking to cheaper, distressed, ‘used’ homes.”
This week, the Senate voted for a second four-year term for Ben Bernake, as Chairman of the Federal Reserve. This vote came on the heels of weeks of continued criticism of the Fed Chairman by certain Members of Congress.
“The intense scrutiny of Mr. Bernanke's record underscored risks to the Fed's cherished independence to change interest rates without political interference,” according to the Wall Street Journal. The Federal Reserve insisted this week that the economy is starting to recover, but it is still fragile enough that the Fed decided to leave interest rates at record low levels. As a result, the dollar saw gains, causing the stock markets to rally. This activity in the stock market caused the consolidation in precious metals and other commodity prices. Many investors, not convinced that the recession is over, are taking advantage of this consolidation, buying gold at much lower prices compared to recent highs.
Also this week, APMEX featured an unheard of “Gold at Spot” sale. Perth Mint colorized fractional gold coins were offered at spot through an email to APMEX customers. “People really responded to the rare opportunity to buy gold coins at spot. No other precious metals company is in the position to successfully do this kind of sale. We sold out of a huge supply of fractional gold coins in about 6 hours,” remarked Mike Garofalo, Vice President of APMEX.
Gold:
Spot gold prices opened this week at $1,093.50. The high during the week was on Monday, January 25th, at $1,104.00, while the low for the week was $1,072.90 and it occurred on Friday, January 29th. Gold ended the week down $10.70 at $1,082.80. This week, the most popular gold items included Australian Gold Lunar Coins, Gold American Eagles and 1 oz. .9999 Pamp Suisse Gold Bars.
Silver:
Spot silver prices opened this week at $17.06. Silver reached a high of $17.23 on Monday, January 25th, while the low for silver occurred on Thursday, January 28th, at $16.01. Silver ended the week down $0.80 at $16.26. 2010 Silver American Eagles, 1 oz. APMEX .999 Fine Silver Rounds and 2010 1 oz. Silver Maple Leafs were the most popular silver items for sale at www. APMEX.com.
Platinum:
Spot platinum prices opened this week at $1,543.40 and ended the week down $40.40 at $1,503.00. Popular platinum products this week included 1 oz. Scotia Bank .999 Fine Platinum Bars, 1 oz. Pamp Suisse .999 Fine Platinum Bars and Platinum American Eagles.
Palladium:
Spot palladium prices opened this week at $430.00 and ended the week down $14.40 at $415.60. 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 remain 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 will examine the American Gold Buffalo coin.
The United States Mint introduced the American Gold Buffalo coin in 2006. The coin’s design is borrowed from the famous Buffalo Nickel created by famed American sculptor, James Earle Fraser. The obverse depicts the iconic Native American Indian Head design, while the reverse features the classic buffalo design with inscriptions of the weight, denomination and gold content.
American Gold Buffalo Coins are the first .9999 fine, 24-karat gold coins ever struck by the United States Mint. They are available to investors seeking to invest in a 24-karat gold coin that has its fineness and purity guaranteed by the United States Government.
APMEX offers a great selection of American Gold Buffalo coins dated during the current year and in several prior years in brilliant uncirculated and proof condition. Coins purchased in quantities of 20 or more will be delivered in mint sealed protective plastic sheets.
This week, the Senate voted for a second four-year term for Ben Bernake, as Chairman of the Federal Reserve. This vote came on the heels of weeks of continued criticism of the Fed Chairman by certain Members of Congress.
“The intense scrutiny of Mr. Bernanke's record underscored risks to the Fed's cherished independence to change interest rates without political interference,” according to the Wall Street Journal. The Federal Reserve insisted this week that the economy is starting to recover, but it is still fragile enough that the Fed decided to leave interest rates at record low levels. As a result, the dollar saw gains, causing the stock markets to rally. This activity in the stock market caused the consolidation in precious metals and other commodity prices. Many investors, not convinced that the recession is over, are taking advantage of this consolidation, buying gold at much lower prices compared to recent highs.
Also this week, APMEX featured an unheard of “Gold at Spot” sale. Perth Mint colorized fractional gold coins were offered at spot through an email to APMEX customers. “People really responded to the rare opportunity to buy gold coins at spot. No other precious metals company is in the position to successfully do this kind of sale. We sold out of a huge supply of fractional gold coins in about 6 hours,” remarked Mike Garofalo, Vice President of APMEX.
Gold:
Spot gold prices opened this week at $1,093.50. The high during the week was on Monday, January 25th, at $1,104.00, while the low for the week was $1,072.90 and it occurred on Friday, January 29th. Gold ended the week down $10.70 at $1,082.80. This week, the most popular gold items included Australian Gold Lunar Coins, Gold American Eagles and 1 oz. .9999 Pamp Suisse Gold Bars.
Silver:
Spot silver prices opened this week at $17.06. Silver reached a high of $17.23 on Monday, January 25th, while the low for silver occurred on Thursday, January 28th, at $16.01. Silver ended the week down $0.80 at $16.26. 2010 Silver American Eagles, 1 oz. APMEX .999 Fine Silver Rounds and 2010 1 oz. Silver Maple Leafs were the most popular silver items for sale at www. APMEX.com.
Platinum:
Spot platinum prices opened this week at $1,543.40 and ended the week down $40.40 at $1,503.00. Popular platinum products this week included 1 oz. Scotia Bank .999 Fine Platinum Bars, 1 oz. Pamp Suisse .999 Fine Platinum Bars and Platinum American Eagles.
Palladium:
Spot palladium prices opened this week at $430.00 and ended the week down $14.40 at $415.60. 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 remain 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 will examine the American Gold Buffalo coin.
The United States Mint introduced the American Gold Buffalo coin in 2006. The coin’s design is borrowed from the famous Buffalo Nickel created by famed American sculptor, James Earle Fraser. The obverse depicts the iconic Native American Indian Head design, while the reverse features the classic buffalo design with inscriptions of the weight, denomination and gold content.
American Gold Buffalo Coins are the first .9999 fine, 24-karat gold coins ever struck by the United States Mint. They are available to investors seeking to invest in a 24-karat gold coin that has its fineness and purity guaranteed by the United States Government.
APMEX offers a great selection of American Gold Buffalo coins dated during the current year and in several prior years in brilliant uncirculated and proof condition. Coins purchased in quantities of 20 or more will be delivered in mint sealed protective plastic sheets.
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Market Recap 12/31/09
The U.S. Stock Market traded in a narrow range during the year’s final week, further shortened by the New Year holiday on Friday. Few major reports were released this week, which kept volume in the market light. However, stocks did trend slightly lower on Tuesday, breaking six days of consecutive gains, which was the result of a Housing Report that showed continued struggles moving into the new year, according to MSN Money.
These housing struggles were partially confirmed late in the week, as Reuters reported that GMAC Financial Services received $3.8 Billion in additional government aid on top of the $12.5 Billion of taxpayer money it had already received. This infusion of government bailout money refueled concerns about the general health of the lenders and “will boost the federal government’s ownership in GMAC to 56 percent, from 35 percent,” according to the Huffington Post.
With continued housing woes, increasing government bailouts and much concern over the Health Care Reform legislation, many investors are cautious as 2010 approaches. Many continue to look to gold as a respite from encroaching inflation and the lingering uncertainty of economic recovery. Gold ended the year up 25 percent, according to Reuters.com, with the “biggest absolute annual gain in three decades with a small advance on Thursday, rising for an unprecedented ninth year in a row.”
APMEX wants to wish all our customers a safe and prosperous New Year. We look forward to helping you achieve your precious metal investment goals in 2010. Over the New Year’s holiday, we hope that you are able to take advantage of 2010 Gold and Silver American Eagles pre-sale, going on now at www.APMEX.com.
Gold:
Spot Gold prices opened this week at $1,108.80. The high during the week was on Monday, December 28th, at $1,113.50, while the low for the week occurred on Wednesday, December 30, at $1,086.60. Gold ended the week down $10.70 at $1,098.10. This week, 2009 1 oz. Gold American Eagles, 1 gram Sunshine Minting Gold Bars and Random Year 1 oz. Gold Maple Leafs were popular with gold investors.
Silver:
Spot Silver prices opened this week at $17.54. Silver reached a high of $17.61 on Monday, December 28th, while the low for silver occurred on Wednesday, December 30th, at $16.79. Silver ended the week down $0.60 at $16.94 This week, investors purchased 2009 1 oz. Silver American Eagles, 2010 1 oz. Silver Maple Leafs, and 1 oz. Sunshine Minting Silver Rounds.
Platinum:
Spot platinum prices opened this week at $1,471.00 and ended the week down $9.00 at $1,462.00. The most popular platinum products this week were 1 oz. Pamp Suisse Platinum Bars, 1/4 oz. Platinum American Eagles and 1 oz. Scotiabank Platinum Bars.
Palladium:
Spot palladium prices opened this week at $386.85 and ended the week up $23.95 at $410.80. Popular palladium products this week included 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the most popular U.S. silver bullion coin.
The American Silver Eagle coins are backed by the United States Government for their purity, content and fineness. These beautiful coins were the first silver bullion coins ever struck by the United States. The minting of these coins began in 1986 and continues through today. These coins are struck in .999 fine silver and each weighs 1 Troy ounce.
A depiction of a walking Miss Libery graces the obverse, or front, of these silver bullion coins. This design was the same one created by famed sculptor Adolph Weinman that was used on U.S. Half Dollar coins from 1916 until 1947. The reverse, or back, of this coin depicts a Bald Eagle with a shield and 13 stars above it.
APMEX offers a complete selection of American Silver Eagle coins in virtually all years, in both Brilliant Uncirculated condition and in collector’s quality Proof condition. Coins purchased in quantities of 20 or more will be delivered in the same special tubes as used by the United States Mint. Quantities of 500 or more coins are shipped in the special green United States Mint boxes.
These housing struggles were partially confirmed late in the week, as Reuters reported that GMAC Financial Services received $3.8 Billion in additional government aid on top of the $12.5 Billion of taxpayer money it had already received. This infusion of government bailout money refueled concerns about the general health of the lenders and “will boost the federal government’s ownership in GMAC to 56 percent, from 35 percent,” according to the Huffington Post.
With continued housing woes, increasing government bailouts and much concern over the Health Care Reform legislation, many investors are cautious as 2010 approaches. Many continue to look to gold as a respite from encroaching inflation and the lingering uncertainty of economic recovery. Gold ended the year up 25 percent, according to Reuters.com, with the “biggest absolute annual gain in three decades with a small advance on Thursday, rising for an unprecedented ninth year in a row.”
APMEX wants to wish all our customers a safe and prosperous New Year. We look forward to helping you achieve your precious metal investment goals in 2010. Over the New Year’s holiday, we hope that you are able to take advantage of 2010 Gold and Silver American Eagles pre-sale, going on now at www.APMEX.com.
Gold:
Spot Gold prices opened this week at $1,108.80. The high during the week was on Monday, December 28th, at $1,113.50, while the low for the week occurred on Wednesday, December 30, at $1,086.60. Gold ended the week down $10.70 at $1,098.10. This week, 2009 1 oz. Gold American Eagles, 1 gram Sunshine Minting Gold Bars and Random Year 1 oz. Gold Maple Leafs were popular with gold investors.
Silver:
Spot Silver prices opened this week at $17.54. Silver reached a high of $17.61 on Monday, December 28th, while the low for silver occurred on Wednesday, December 30th, at $16.79. Silver ended the week down $0.60 at $16.94 This week, investors purchased 2009 1 oz. Silver American Eagles, 2010 1 oz. Silver Maple Leafs, and 1 oz. Sunshine Minting Silver Rounds.
Platinum:
Spot platinum prices opened this week at $1,471.00 and ended the week down $9.00 at $1,462.00. The most popular platinum products this week were 1 oz. Pamp Suisse Platinum Bars, 1/4 oz. Platinum American Eagles and 1 oz. Scotiabank Platinum Bars.
Palladium:
Spot palladium prices opened this week at $386.85 and ended the week up $23.95 at $410.80. Popular palladium products this week included 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the most popular U.S. silver bullion coin.
The American Silver Eagle coins are backed by the United States Government for their purity, content and fineness. These beautiful coins were the first silver bullion coins ever struck by the United States. The minting of these coins began in 1986 and continues through today. These coins are struck in .999 fine silver and each weighs 1 Troy ounce.
A depiction of a walking Miss Libery graces the obverse, or front, of these silver bullion coins. This design was the same one created by famed sculptor Adolph Weinman that was used on U.S. Half Dollar coins from 1916 until 1947. The reverse, or back, of this coin depicts a Bald Eagle with a shield and 13 stars above it.
APMEX offers a complete selection of American Silver Eagle coins in virtually all years, in both Brilliant Uncirculated condition and in collector’s quality Proof condition. Coins purchased in quantities of 20 or more will be delivered in the same special tubes as used by the United States Mint. Quantities of 500 or more coins are shipped in the special green United States Mint boxes.
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Market Recap 12/24/09
While little news happened during this shortened holiday week, on Thursday, December 24th, Americans were welcomed with a Christmas surprise – and not the good kind.
CNN reported today that the U.S. Senate passed a $290 Billion increase to the legal debt limit allowed for the U.S. Treasury. Jeanne Sahadi, Senior Writer for CNNMoney.com stated, “If the Senate hadn't raised the debt ceiling before Dec. 31, the Treasury would likely have had to employ extraordinary measures to keep the debt below the ceiling to stave off default.” Having raised the debt ceiling to $12.394 Trillion, the U.S. has now witnessed the doubling of its national debt since 2000.
To default on that debt would unleash a chain of events that could devalue U.S. bonds and seriously harm the nation's reputation with creditors around the world. In a related article, Sahadi went on to say, “If the ceiling is ever breached, the country would effectively be in default. In the universe of financial things to avoid, it ranks as a ‘no good, very bad’ event.”
If this news wasn’t enough, Americans found a lump of coal in their Christmas stockings with the announcement that taxpayer backed mortgage companies, Fannie Mae and Freddie Mac, could award their top 10 executives with up to $40 Million in compensation according to CNNMoney.com.
With news like this, it’s no wonder that many Americans are turning to gold and silver to defend their portfolios against the strong probability of rising inflation for the New Year. Precious metals continue to witness significant buying activity fueled by declining optimism for a speedy U.S. economic recovery.
To end the year with some holiday cheer, APMEX launched its Annual I.R.S. – “Inventory Reduction Sale” on December 23rd. Many popular bullion items have undergone significant price reductions. We have clearly marked selected products throughout the website with a special “IRS Stamp” icon, so you can easily locate them. Buy your precious metals today at www.APMEX.com and have a very Happy New Year!
Gold:
Spot Gold prices opened this week at $1,113.90. The high during the week was on Monday, December 21st, at $1,119.00, while the low for the week occurred on Tuesday, December 22nd, at $1,074.70. Gold ended the week down $7.00 at $1,106.90. This week, 2009 1 oz. Gold American Eagles, 2009 1/10 oz. Gold American Eagles and 2009 1 oz. Gold American Buffalos saw significant sales volume.
Silver:
Spot Silver prices opened this week at $17.31. Silver reached a high of $17.55 on Thursday, December 24th while the low for silver occurred on Tuesday, December 22nd, at $16.77. Silver ended the week up $0.24 at $17.55. This week, the most popular silver items included 2009 1 oz. Silver American Eagles, 1 oz. Sunshine Minting .999 Fine Silver Rounds, 1 oz. .999 Fine Silver Buffalo Rounds and 1 oz. APMEX .999 Fine Silver Rounds.
Platinum:
Spot platinum prices opened this week at $1,433.90 and ended the week up $35.30 at $1,469.20. 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles and 1 oz. Credit Suisse Platinum Bars were popular with platinum investors this week.
Palladium:
Spot palladium prices opened this week at $370.90 and ended the week up $20.50 at $391.40. Popular palladium products this week included 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the most popular U.S. gold bullion coin. The Gold American Eagle coin was the first gold bullion coin ever struck by the United States. The minting of these coins began in 1986 and continues through today. These Gold American Eagle coins are issued in $50, $25, $10 and $5 denominations and they contain 1 Troy ounce of gold, 1/2 ounce of gold, 1/4 ounce of gold, and 1/10 ounce of gold, respectively.
On the obverse, or front, of the coin, Miss Liberty is depicted holding a torch and an olive branch with the U.S. Capitol in the background. This design was very slightly modified from the famous one created by renowned sculptor Augustus Saint-Gaudens. That design was first used on the $20 Double Eagle gold coins minted from 1907 until 1933. On the reverse, there is a depiction of a family of American Bald Eagles, which give the coins their name. These beautiful coins are backed by the United States Mint for their purity, content and fineness.
APMEX offers a complete selection of American Gold Eagle coins in a variety of denominations, in both Brilliant Uncirculated condition and in collector’s quality Proof condition. Coins purchased in quantities of 20 or more will be delivered in the special tubes that are used by the United States Mint. Quantities of 500 or more coins are shipped in the special red United States Mint boxes.
CNN reported today that the U.S. Senate passed a $290 Billion increase to the legal debt limit allowed for the U.S. Treasury. Jeanne Sahadi, Senior Writer for CNNMoney.com stated, “If the Senate hadn't raised the debt ceiling before Dec. 31, the Treasury would likely have had to employ extraordinary measures to keep the debt below the ceiling to stave off default.” Having raised the debt ceiling to $12.394 Trillion, the U.S. has now witnessed the doubling of its national debt since 2000.
To default on that debt would unleash a chain of events that could devalue U.S. bonds and seriously harm the nation's reputation with creditors around the world. In a related article, Sahadi went on to say, “If the ceiling is ever breached, the country would effectively be in default. In the universe of financial things to avoid, it ranks as a ‘no good, very bad’ event.”
If this news wasn’t enough, Americans found a lump of coal in their Christmas stockings with the announcement that taxpayer backed mortgage companies, Fannie Mae and Freddie Mac, could award their top 10 executives with up to $40 Million in compensation according to CNNMoney.com.
With news like this, it’s no wonder that many Americans are turning to gold and silver to defend their portfolios against the strong probability of rising inflation for the New Year. Precious metals continue to witness significant buying activity fueled by declining optimism for a speedy U.S. economic recovery.
To end the year with some holiday cheer, APMEX launched its Annual I.R.S. – “Inventory Reduction Sale” on December 23rd. Many popular bullion items have undergone significant price reductions. We have clearly marked selected products throughout the website with a special “IRS Stamp” icon, so you can easily locate them. Buy your precious metals today at www.APMEX.com and have a very Happy New Year!
Gold:
Spot Gold prices opened this week at $1,113.90. The high during the week was on Monday, December 21st, at $1,119.00, while the low for the week occurred on Tuesday, December 22nd, at $1,074.70. Gold ended the week down $7.00 at $1,106.90. This week, 2009 1 oz. Gold American Eagles, 2009 1/10 oz. Gold American Eagles and 2009 1 oz. Gold American Buffalos saw significant sales volume.
Silver:
Spot Silver prices opened this week at $17.31. Silver reached a high of $17.55 on Thursday, December 24th while the low for silver occurred on Tuesday, December 22nd, at $16.77. Silver ended the week up $0.24 at $17.55. This week, the most popular silver items included 2009 1 oz. Silver American Eagles, 1 oz. Sunshine Minting .999 Fine Silver Rounds, 1 oz. .999 Fine Silver Buffalo Rounds and 1 oz. APMEX .999 Fine Silver Rounds.
Platinum:
Spot platinum prices opened this week at $1,433.90 and ended the week up $35.30 at $1,469.20. 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles and 1 oz. Credit Suisse Platinum Bars were popular with platinum investors this week.
Palladium:
Spot palladium prices opened this week at $370.90 and ended the week up $20.50 at $391.40. Popular palladium products this week included 1 oz. .999 Fine Pamp Suisse Palladium Bars, 1 oz. Palladium Canadian Maple Leafs and 10 oz. Pamp Suisse Palladium Bars.
Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the most popular U.S. gold bullion coin. The Gold American Eagle coin was the first gold bullion coin ever struck by the United States. The minting of these coins began in 1986 and continues through today. These Gold American Eagle coins are issued in $50, $25, $10 and $5 denominations and they contain 1 Troy ounce of gold, 1/2 ounce of gold, 1/4 ounce of gold, and 1/10 ounce of gold, respectively.
On the obverse, or front, of the coin, Miss Liberty is depicted holding a torch and an olive branch with the U.S. Capitol in the background. This design was very slightly modified from the famous one created by renowned sculptor Augustus Saint-Gaudens. That design was first used on the $20 Double Eagle gold coins minted from 1907 until 1933. On the reverse, there is a depiction of a family of American Bald Eagles, which give the coins their name. These beautiful coins are backed by the United States Mint for their purity, content and fineness.
APMEX offers a complete selection of American Gold Eagle coins in a variety of denominations, in both Brilliant Uncirculated condition and in collector’s quality Proof condition. Coins purchased in quantities of 20 or more will be delivered in the special tubes that are used by the United States Mint. Quantities of 500 or more coins are shipped in the special red United States Mint boxes.
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Market Recap 11/27/09
In this shortened trading week due to the Thanksgiving Holiday, the United States Mint announced that sales of the 2009 Gold and Silver American Eagle One Ounce coins have been temporarily suspended because of the unprecedented demand for bullion. The U.S. Mint plans to resume production and sales of the Gold and Silver American Eagle coin programs once sufficient inventories can be acquired.
The U.S. Dollar came under more pressure this week as the central bank for the tiny island of Mauritius became the third such bank to buy Gold in the past month. Mauritius bought 2 metric tons, worth $71.7 million dollars, from the International Monetary Fund (IMF). This purchase followed in the footsteps of the central banks of India and Sri Lanka. Additionally India’s central bank said it is open to buying more Gold from the IMF. Speculation that even more central banks could buy Gold has helped fuel Gold’s recent surge to almost $1,200.00 per ounce.
The Wall Street Journal reported on Tuesday that nearly one in four U.S. borrowers owes more on their mortgage than their home is worth. The newspaper said almost 10.7 million households, or 23% of all mortgage holders, were "under water" in the third quarter. Another 5.3 million homeowners have mortgages that are 20% higher than the value of their homes, as prices have dropped significantly since the start of the recession. This is a bothersome sign that the housing market could be threatened by a new wave of defaults in the near future.
On Friday, Dubai World, the Emirate’s investment vehicle, was looking to suspend repayments on all or part of its $59 Billion debt to various world banks. This news lowered prices in both the precious metals and stock markets the day after the Thanksgiving Holiday, as investors looked to put their cash into safer havens. Historically, the stock market does not slump the day after Thanksgiving. In fact, between 1999 and 2008, the market has seen just two down days on the day after Thanksgiving. This news coupled with continued lower consumer sentiment and a 25-year high in the unemployment rate seemed to discourage talks of economic recovery.
APMEX hopes you had a Happy Thanksgiving and reminds you to keep an eye out for our 2nd Annual “12 Days of Christmas” sales event that begins on Monday, November 30th. You do not want to miss this great opportunity to save money on your favorite bullion and numismatic items this holiday season.
Gold:
Spot Gold prices opened this week at $1,152.00. The high during the week was on Wednesday, November 25th, at $1,192.80, while the low for the week was on Monday, November 23rd, at $1,151.60. Gold ended the week with a gain of $26.80 at $1,178.80. This week, 2009 1/10 oz. Gold American Eagles, 2009 1 oz. BU Gold American Eagles and 1 oz. .9999+ Fine Pamp Suisse Gold Bars were in great demand as Gold reached new all-time highs during the week!
Silver:
Spot Silver prices opened this week at $18.52. Silver reached a high of $18.93, on Monday, November 23rd. The low for Silver occurred on Friday, November 26th, at $17.90. Silver ended the week down $0.12 at $18.40. 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 remained very popular with Silver investors.
Platinum:
Spot Platinum prices opened this week at $1,445.60 and ended the week up $1.40, at $1,447.00. 1 oz. Pamp Suisse Platinum Bars, 1 oz. Credit Suisse Platinum Bars, 10 oz. Pamp Suisse Platinum Bars and 2009 1 oz. Platinum Canadian Maple Leafs were the most popular Platinum products at APMEX.com this week.
Palladium:
Spot Palladium prices opened this week at $365.50 and ended the week down $0.90 to $364.60. Popular Palladium products this week included 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
This Thanksgiving, precious metal investors certainly have a lot to be thankful for in the market. The spot price of Gold has not only surpassed the old record of $1,033.00 per ounce, it has utterly shattered it. On Wednesday, Gold reached yet another all-time high, surpassing the $1,190.00 mark as investors continue to buy the metal in hopes of hedging their portfolios against a weak U.S. Dollar. As we have said in weeks past, there have been a number of conservative analysts predicting that Gold will go up to $1,200.00, while the more aggressive analysts are predicting a $1,500.00 plateau or beyond. APMEX has seen a tremendous influx of traffic on our website due to this flurry of activity in the metals market. Even beyond bullion items, Pre-1933 U.S. Gold has been very much in demand by both the collector and investor.
We are also thankful for the movement in the spot price of Silver. As it was announced earlier this week, the U.S. Mint has sold out of its supply of 2009 Silver American Eagles. However, APMEX has a very limited supply left of those desirable items, and they will likely sell very quickly. APMEX also has a wide variety of numismatic items from which to choose. Cull Silver Dollars and Morgan Silver Dollars that grade Very Good to Very Fine are also selling very well.
Morgan Silver Dollars are one of the most popular coins of all time and for this, we will give thanks to this series by highlighting the first coin in this series: the 1878 8 Tailfeathers variety. The Mint would go on to create a 7/8 Tailfeather variety later, in error, as they were transitioning to the final die state of 7 Tailfeathers. that was used later in production. These error coins occurred when the master die was not engraved properly, allowing for parts of the 8 Tailfeathers to be visible.
Although this is a popular variety, it is relatively common and premiums are usually only applicable if the tips of all of the 8 Tailfeathers can be boldly seen. As a whole, most 8 Tailfeather coins are extremely well struck with above average luster. Though there is no known mintage, estimates are that nearly 750,000 were minted as they were only struck for a limited time, beginning in mid-March of that year. Many of these coins were stored in canvas bags for decades creating the beautiful toning that often commands high premiums. These coins were eventually paid out by the U.S. Treasury well into the 1950’s and early 1960’s. In fact, many of these coins were paid out by Las Vegas casinos because they loved to use Silver Dollars as payment in many of their slot machines.
Have a safe and Happy Thanksgiving!
The U.S. Dollar came under more pressure this week as the central bank for the tiny island of Mauritius became the third such bank to buy Gold in the past month. Mauritius bought 2 metric tons, worth $71.7 million dollars, from the International Monetary Fund (IMF). This purchase followed in the footsteps of the central banks of India and Sri Lanka. Additionally India’s central bank said it is open to buying more Gold from the IMF. Speculation that even more central banks could buy Gold has helped fuel Gold’s recent surge to almost $1,200.00 per ounce.
The Wall Street Journal reported on Tuesday that nearly one in four U.S. borrowers owes more on their mortgage than their home is worth. The newspaper said almost 10.7 million households, or 23% of all mortgage holders, were "under water" in the third quarter. Another 5.3 million homeowners have mortgages that are 20% higher than the value of their homes, as prices have dropped significantly since the start of the recession. This is a bothersome sign that the housing market could be threatened by a new wave of defaults in the near future.
On Friday, Dubai World, the Emirate’s investment vehicle, was looking to suspend repayments on all or part of its $59 Billion debt to various world banks. This news lowered prices in both the precious metals and stock markets the day after the Thanksgiving Holiday, as investors looked to put their cash into safer havens. Historically, the stock market does not slump the day after Thanksgiving. In fact, between 1999 and 2008, the market has seen just two down days on the day after Thanksgiving. This news coupled with continued lower consumer sentiment and a 25-year high in the unemployment rate seemed to discourage talks of economic recovery.
APMEX hopes you had a Happy Thanksgiving and reminds you to keep an eye out for our 2nd Annual “12 Days of Christmas” sales event that begins on Monday, November 30th. You do not want to miss this great opportunity to save money on your favorite bullion and numismatic items this holiday season.
Gold:
Spot Gold prices opened this week at $1,152.00. The high during the week was on Wednesday, November 25th, at $1,192.80, while the low for the week was on Monday, November 23rd, at $1,151.60. Gold ended the week with a gain of $26.80 at $1,178.80. This week, 2009 1/10 oz. Gold American Eagles, 2009 1 oz. BU Gold American Eagles and 1 oz. .9999+ Fine Pamp Suisse Gold Bars were in great demand as Gold reached new all-time highs during the week!
Silver:
Spot Silver prices opened this week at $18.52. Silver reached a high of $18.93, on Monday, November 23rd. The low for Silver occurred on Friday, November 26th, at $17.90. Silver ended the week down $0.12 at $18.40. 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 remained very popular with Silver investors.
Platinum:
Spot Platinum prices opened this week at $1,445.60 and ended the week up $1.40, at $1,447.00. 1 oz. Pamp Suisse Platinum Bars, 1 oz. Credit Suisse Platinum Bars, 10 oz. Pamp Suisse Platinum Bars and 2009 1 oz. Platinum Canadian Maple Leafs were the most popular Platinum products at APMEX.com this week.
Palladium:
Spot Palladium prices opened this week at $365.50 and ended the week down $0.90 to $364.60. Popular Palladium products this week included 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
This Thanksgiving, precious metal investors certainly have a lot to be thankful for in the market. The spot price of Gold has not only surpassed the old record of $1,033.00 per ounce, it has utterly shattered it. On Wednesday, Gold reached yet another all-time high, surpassing the $1,190.00 mark as investors continue to buy the metal in hopes of hedging their portfolios against a weak U.S. Dollar. As we have said in weeks past, there have been a number of conservative analysts predicting that Gold will go up to $1,200.00, while the more aggressive analysts are predicting a $1,500.00 plateau or beyond. APMEX has seen a tremendous influx of traffic on our website due to this flurry of activity in the metals market. Even beyond bullion items, Pre-1933 U.S. Gold has been very much in demand by both the collector and investor.
We are also thankful for the movement in the spot price of Silver. As it was announced earlier this week, the U.S. Mint has sold out of its supply of 2009 Silver American Eagles. However, APMEX has a very limited supply left of those desirable items, and they will likely sell very quickly. APMEX also has a wide variety of numismatic items from which to choose. Cull Silver Dollars and Morgan Silver Dollars that grade Very Good to Very Fine are also selling very well.
Morgan Silver Dollars are one of the most popular coins of all time and for this, we will give thanks to this series by highlighting the first coin in this series: the 1878 8 Tailfeathers variety. The Mint would go on to create a 7/8 Tailfeather variety later, in error, as they were transitioning to the final die state of 7 Tailfeathers. that was used later in production. These error coins occurred when the master die was not engraved properly, allowing for parts of the 8 Tailfeathers to be visible.
Although this is a popular variety, it is relatively common and premiums are usually only applicable if the tips of all of the 8 Tailfeathers can be boldly seen. As a whole, most 8 Tailfeather coins are extremely well struck with above average luster. Though there is no known mintage, estimates are that nearly 750,000 were minted as they were only struck for a limited time, beginning in mid-March of that year. Many of these coins were stored in canvas bags for decades creating the beautiful toning that often commands high premiums. These coins were eventually paid out by the U.S. Treasury well into the 1950’s and early 1960’s. In fact, many of these coins were paid out by Las Vegas casinos because they loved to use Silver Dollars as payment in many of their slot machines.
Have a safe and Happy Thanksgiving!
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Weekly Market Recap 10/23/09
ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters.
The unemployment rate has been increasing at an alarming rate, yet the Dow continues to move a bit higher. According to Bloomberg.com, the economy has lost 7.2 million jobs since the start of the recession and the trend is still going the wrong way. The country’s unemployment rate will reach 10% by the first quarter of 2010, says a U.S. economist, and the Labor Department said that 15 states already had an unemployment rate above 10%. Stocks have been moving upward, but the reporting is clouded by earnings that have risen only because companies have cut their costs deeper than falling revenues. Real improvement and growth will not be visible until the economy allows for new business, increased revenue and new customers.
The U.S. Dollar continues its roller coaster ride, as even more discussions from around the globe about the “Dollar Crisis” surface. According to the Treasury Department, the U.S. Dollar has fallen 15% in just seven months against a basket of the world’s major currencies. Should the trend move downward another 6%, it will exceed the all time lows. Many experts believe that inflation is inevitable due to interest rates staying at or near zero for quite some time.
The rising cost of oil is also troublesome this week. The U.S. Energy Secretary said that the rising cost of oil could damage the world economy just as it begins to rebound. In addition, he said that a sharp upswing in oil prices could hinder a global economic recovery and pointed out that last year’s oil price spike was a disaster for the world economy.
The rising cost of oil is also troublesome this week. The U.S. Energy Secretary said that the rising cost of oil could damage the world economy just as it begins to rebound. In addition, he said that a sharp upswing in oil prices could hinder a global economic recovery and pointed out that last year’s oil price spike was a disaster for the world economy.
This week, APMEX was proud to announce that it was one of the first precious metal dealers to be able to pre-sell the 2009 Fractional American Gold Eagle coins to its customers. These highly anticipated coins will likely sell out quickly, so buy yours today before it’s too late. This weekend, APMEX is also rolling out its “WOW Weekend” promotion. Customers will be able to take advantage of 10–ounce .999 Fine APMEX Silver Bars at only $0.69 per ounce over spot in any quantity. The sale goes through Sunday, October 25th, at midnight, or while supplies last, so purchase yours now. APMEX would like to thank its customers for their continued business and let them know that we look forward to fulfilling all of their precious metal needs in the future.
Gold:
Spot Gold prices opened this week at $1,049.60. The high during the week was on Friday, October 23rd, at $1,068.50, while the low for the week was on Wednesday, October 21st, at $1,048.10. Gold ended the week with a gain of $6.00 at $1,055.60. This week, 2009 1/10th oz. Gold American Eagles, 2009 1 oz. Gold Buffalo Coins and 1 oz. Random Year Gold American Eagles were the most popular items investors purchased.
Silver:
Spot Silver prices opened this week at $17.48. Silver reached a high of $17.97 on Friday, October 23rd. The low for silver occurred on Thursday, October 22nd at $17.38. Silver ended the week up $0.23 at $17.71. This week, investors concentrated on 2009 1 oz. Silver American Eagles, 2010 1 oz. Canadian Silver Maple Leafs and 1 oz. Sunshine Minting Silver Rounds.Spot Platinum prices opened this week at $1,348.50, and ended the week up $15.10 at $1,363.60. 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 1/10 oz. Platinum American Eagles were popular in steady trading.
Palladium:
Spot Palladium prices opened this week at $331.00, and ended the week up $7.00 at $338.00. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars are consistently popular palladium items.Numismatics:
As bullion continues its upward trend, more and more investors are eagerly buying physical assets such as bullion gold and silver. Since APMEX broke the news about the availability of the Fractional American Gold Eagle coins, they have taken up most of the headlines. Not to be outdone, silver is quietly gaining ground.
Cull Silver Dollars remain strong and coins such as the 1921 Morgan Silver Dollars in circulated collector’s grades and Peace Silver Dollars in Very Good to Extra Fine condition are once again very popular. The common date Morgan and Peace Silver Dollars in higher grades that are graded by a third-party grading service are also selling well. These items continue to make a lasting impression on the investing public.
Morgan Silver Dollars are arguably the most collected coin in the world.
Last week, we shifted gears to accommodate a collector’s point of view and talked about VAM varieties. This week, we will highlight a beautiful coin from the Carson City Mint which produced Morgan Silver dollars from 1878 to 1893. As most coin collectors know, coins from the Carson City Mint generally command quite a premium. 1878 was the first year that Morgan Silver Dollars were minted and that was also the first year that these coins were produced in Carson City, Nevada.
This coin was struck with a "Reverse of 1878" die variety which has a parallel top arrow feather and seven tail feathers. The 1878-CC had the second highest Carson City mintage with 2.2 million coins minted. It is one of the more consistently well struck coins in the entire Morgan series with very pleasing luster. Due to the fact that this is the first year of issue, well struck, and generally pleasing to the eye, this has always been a popular coin with collectors.
As bullion continues its upward trend, more and more investors are eagerly buying physical assets such as bullion gold and silver. Since APMEX broke the news about the availability of the Fractional American Gold Eagle coins, they have taken up most of the headlines. Not to be outdone, silver is quietly gaining ground.
Cull Silver Dollars remain strong and coins such as the 1921 Morgan Silver Dollars in circulated collector’s grades and Peace Silver Dollars in Very Good to Extra Fine condition are once again very popular. The common date Morgan and Peace Silver Dollars in higher grades that are graded by a third-party grading service are also selling well. These items continue to make a lasting impression on the investing public.
Morgan Silver Dollars are arguably the most collected coin in the world.
Last week, we shifted gears to accommodate a collector’s point of view and talked about VAM varieties. This week, we will highlight a beautiful coin from the Carson City Mint which produced Morgan Silver dollars from 1878 to 1893. As most coin collectors know, coins from the Carson City Mint generally command quite a premium. 1878 was the first year that Morgan Silver Dollars were minted and that was also the first year that these coins were produced in Carson City, Nevada.
This coin was struck with a "Reverse of 1878" die variety which has a parallel top arrow feather and seven tail feathers. The 1878-CC had the second highest Carson City mintage with 2.2 million coins minted. It is one of the more consistently well struck coins in the entire Morgan series with very pleasing luster. Due to the fact that this is the first year of issue, well struck, and generally pleasing to the eye, this has always been a popular coin with collectors.
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Coin Chat Radio Interview: Scott Thomas CEO & President of APMEX
Take a few minutes and listen to Scott Thomas, Founder and CEO of APMEX, discuss the current precious metals market with Dave Harper, Editor of Numismatic News.
If you are having trouble seeing the audio player, you can click here to open this page in a new browser window.
If you are having trouble seeing the audio player, you can click here to open this page in a new browser window.
 | Radio Interview With Scott Thomas, APMEX CEO & President. |
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Weekly Market Recap 10/02/09
Just when Wall Street wanted you to think it was okay to wade back into the stock market, some all too familiar sharks continued to muddy the water for investors.
The Fall of 2008 marked the beginning of the biggest financial down slide in the U.S. since the Great Depression. Unfortunately, not much has changed in the big picture. This week, hopes of financial healing took another hit as the Labor Department released new unemployment data showing a 26-year high at 9.8 percent. The month of September saw 263,000 jobs added to the casualty list, bringing the total to 15.1 million Americans out of work.
Older Americans are particularly being affected by job market losses according to the Social Security Administration, resulting in a 23 percent increase in retirement benefits applications.
This news leaves many asking what goals the stimulus package has achieved, as it has not yielded positive effects on consumer spending, one of the primary factors in shoring up any economy. Meanwhile, the threat of massive inflation weighs heavy on investors’ minds.
Most self-directed investors have quietly been amassing silver and gold over the past year to protect their assets. Many gold and silver investors have been predicting these events for some time and have been stockpiling precious metals throughout the year.
Investors across the nation took full advantage of APMEX’s One Million Ounces of Surplus Silver Sale during the last week of September. At the end of the month, APMEX had just over one hundred thousand ounces remaining from the sale, proving that the flight to precious metals is not over – it is just beginning as people continue to realize the true value of preserving wealth with hard assets.
Gold:
Spot Gold prices opened this week at $992.40. The high during the week was on Wednesday, September 30th at $1,009.00, while the low for the week was on Tuesday, September 29th at $984.70. Gold ended the week with a modest gain of $11.00 at $1,003.40. This week, 2009 1 oz. Gold Eagles, 2009 1 oz. Gold Maple Leafs, Gold Sovereigns and 1 oz. Gold Krugerrands were the most popular items investors purchased.
Silver:
Spot Silver prices opened this week at $16.06. Silver reached a high of $16.63 on Wednesday, September 30th and repeated the high on Thursday, October 1st. The low for silver occurred on Monday, September 28th at $15.80. Silver ended the week up $0.15 at $16.21. This week 2009 1 oz. Silver American Eagles, 1 oz. APMEX Silver Rounds, ½ oz. APMEX Silver Rounds and 2009 1 oz. Silver Philharmonics were steady movers on the APMEX website.
Platinum:
Spot Platinum prices opened this week at $1,279.70, and ended the week up $6.30 at $1,286.00. Many investors continue to be genuinely interested in platinum. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 1/10 oz. Platinum American Eagles.
Palladium:
Spot Palladium prices opened this week at $294.00, and ended the week up $6.50 at $300.50. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 1 oz. Palladium Lewis & Clark Rounds were popular with investors.
Numismatics:
Unquestionably, the most collected coin in the world is the Morgan Silver Dollar. This coin was named after its designer, George T. Morgan, and minting began in 1878. The series culminated in 1921 after a 16-year absence, between the years of 1905 and 1920. Beginning this week, APMEX will highlight a particular date and mintmark of silver dollar and share this information with you. These reports may unlock some of the reasons why this particular series of coins has become so popular. Is it the beautiful design? Is it because each coin contains .77344 ounces of pure silver? Whatever the reason, these coins are the most popular in the world. This week we will look at the 1889-CC.
It is not lost on any coin collector or investor that coins from the Carson City (Nevada) Mint command a premium. The 1889-CC is no exception. With a total mintage of only 350,000 business strikes, this is one of the rarest coins in the series. Frankly, this is a difficult coin in virtually every grade from Almost Good to Mint State-64. It is virtually impossible to find in any grades higher than that. These coins often exhibit a less than average strike, but they are often found with a satin-like to frosty luster. Many higher-grade examples display semi-proof like fields that are designated in the industry as ‘DMPL,’ which stands for Deep Mirror Proof Like. However, as one would rightfully assume, many of these coins have been well circulated, as these coins were spent throughout the remainder of the 19th century and into the 20th century. Consequently, there are a large number of circulated examples. Though 10 obverse dies and 7 reverse dies were used to strike these coins, there are no major die varieties within the date. As more collectors and investors learn about Morgan Silver Dollars every year, these coins may likely increase in value!
The Fall of 2008 marked the beginning of the biggest financial down slide in the U.S. since the Great Depression. Unfortunately, not much has changed in the big picture. This week, hopes of financial healing took another hit as the Labor Department released new unemployment data showing a 26-year high at 9.8 percent. The month of September saw 263,000 jobs added to the casualty list, bringing the total to 15.1 million Americans out of work.
Older Americans are particularly being affected by job market losses according to the Social Security Administration, resulting in a 23 percent increase in retirement benefits applications.
This news leaves many asking what goals the stimulus package has achieved, as it has not yielded positive effects on consumer spending, one of the primary factors in shoring up any economy. Meanwhile, the threat of massive inflation weighs heavy on investors’ minds.
Most self-directed investors have quietly been amassing silver and gold over the past year to protect their assets. Many gold and silver investors have been predicting these events for some time and have been stockpiling precious metals throughout the year.
Investors across the nation took full advantage of APMEX’s One Million Ounces of Surplus Silver Sale during the last week of September. At the end of the month, APMEX had just over one hundred thousand ounces remaining from the sale, proving that the flight to precious metals is not over – it is just beginning as people continue to realize the true value of preserving wealth with hard assets.
Gold:
Spot Gold prices opened this week at $992.40. The high during the week was on Wednesday, September 30th at $1,009.00, while the low for the week was on Tuesday, September 29th at $984.70. Gold ended the week with a modest gain of $11.00 at $1,003.40. This week, 2009 1 oz. Gold Eagles, 2009 1 oz. Gold Maple Leafs, Gold Sovereigns and 1 oz. Gold Krugerrands were the most popular items investors purchased.
Silver:
Spot Silver prices opened this week at $16.06. Silver reached a high of $16.63 on Wednesday, September 30th and repeated the high on Thursday, October 1st. The low for silver occurred on Monday, September 28th at $15.80. Silver ended the week up $0.15 at $16.21. This week 2009 1 oz. Silver American Eagles, 1 oz. APMEX Silver Rounds, ½ oz. APMEX Silver Rounds and 2009 1 oz. Silver Philharmonics were steady movers on the APMEX website.
Platinum:
Spot Platinum prices opened this week at $1,279.70, and ended the week up $6.30 at $1,286.00. Many investors continue to be genuinely interested in platinum. Popular platinum products for this week included 1 oz. Pamp Suisse Platinum Bars, 2009 1 oz. Platinum Canadian Maple Leafs and 1/10 oz. Platinum American Eagles.
Palladium:
Spot Palladium prices opened this week at $294.00, and ended the week up $6.50 at $300.50. 2009 1 oz. Palladium Maple Leafs, 1 oz. Pamp Suisse Palladium Bars and 1 oz. Palladium Lewis & Clark Rounds were popular with investors.
Numismatics:
Unquestionably, the most collected coin in the world is the Morgan Silver Dollar. This coin was named after its designer, George T. Morgan, and minting began in 1878. The series culminated in 1921 after a 16-year absence, between the years of 1905 and 1920. Beginning this week, APMEX will highlight a particular date and mintmark of silver dollar and share this information with you. These reports may unlock some of the reasons why this particular series of coins has become so popular. Is it the beautiful design? Is it because each coin contains .77344 ounces of pure silver? Whatever the reason, these coins are the most popular in the world. This week we will look at the 1889-CC.
It is not lost on any coin collector or investor that coins from the Carson City (Nevada) Mint command a premium. The 1889-CC is no exception. With a total mintage of only 350,000 business strikes, this is one of the rarest coins in the series. Frankly, this is a difficult coin in virtually every grade from Almost Good to Mint State-64. It is virtually impossible to find in any grades higher than that. These coins often exhibit a less than average strike, but they are often found with a satin-like to frosty luster. Many higher-grade examples display semi-proof like fields that are designated in the industry as ‘DMPL,’ which stands for Deep Mirror Proof Like. However, as one would rightfully assume, many of these coins have been well circulated, as these coins were spent throughout the remainder of the 19th century and into the 20th century. Consequently, there are a large number of circulated examples. Though 10 obverse dies and 7 reverse dies were used to strike these coins, there are no major die varieties within the date. As more collectors and investors learn about Morgan Silver Dollars every year, these coins may likely increase in 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 07/24/09
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 07/17/09
Bullion prices rallied this week as U.S. equities reached a one month high on rising company earnings reports. Prices hit their first weekly gain in nearly three weeks while riding the coattails of rising oil prices and a declining dollar. Talks of a second fiscal stimulus package continued this week keeping economy woes on the front burner for investors.
This week, APMEX presented customers with an opportunity to buy selected U.S. and foreign coins and currency for only 99¢. The sale was intended to run through the weekend, however due to high customer response these selected items are nearly sold out. To see a full list of remaining coins visit APMEX.com.
Here is a brief overview of the highs and lows for this week.
Gold:
Spot Gold prices opened this week at $912.30. The high during the week was on Wednesday, July 15th at $942.30, while the low for the week was on Monday July 13th at $907.40. Gold ended the week with a gain of $26.20 at $938.50. This week 1 oz. 2009 Gold American Eagles, 10gm APMEX Gold Bars and 1oz. APMEX Gold Bars were popular items with investors.
Silver:
Spot Silver prices opened this week at $12.66. Silver reached a high of $13.49 at the close of the market on Friday, July 17th, while the low for silver occurred on Monday July 13th, at $12.43. Silver ended the week with a gain of .78 cents at $13.44. This week 1oz. 2009 Silver American Eagles, 1oz. Walking Liberty Silver Rounds and 10 oz. Sunshine Mint Silver Bars remained extremely popular among buyers.
Platinum:
Spot Platinum prices opened this week at $1105.10, and ended the week up $72.30 at $1177.40. Many investors continue to be keenly interested in platinum. This week 2009 1oz. Platinum Canadian Maple Leafs, ½ oz. Platinum American Eagles and 1oz. Pamp Suisse Platinum Bars sold in solid numbers.
Palladium:
Spot Palladium prices opened this week at $232.15, and ended the week with a gain of $19.85 at $252.00. The most popular of these products this week are 1oz. Pamp Suisse Palladium Bars, 1oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
By now it must sound like a broken record, the coin market is demonstrating great strength. Last week’s Florida United Numismatists (FUN) show held in West Palm Beach, Florida was very successful and attendance was strong. Pre-1933 Gold type coins in lower mint state grades remain the topic of conversations both on the bourse floor as well as in local coin shops around the United States. Even the tiny $1 Gold coins have enjoyed the benefits of the coin market’s favorable position.
Problem free Half Cents and Large Cents in collector grades, that are reasonably priced, continue to remain the backbone of early type coins. Though the more common dates in the 1840’s and 1850’s have seen a rise in popularity, it is the early examples of these series’ that are the driving force. In addition to the success early copper has had, Bust and Seated Liberty type coinage have also seen a resurgence in popularity, especially the Seated Liberty Quarter series.
Morgan Dollars, much like early type, have remained strong in affordable grades. Common date Morgans in high grade continue their upward swing with no indication of slowing down. Even key date Morgans such as the 1889-CC (Carson City) and the 1894 dollar have benefited from the current demand!
This week, APMEX presented customers with an opportunity to buy selected U.S. and foreign coins and currency for only 99¢. The sale was intended to run through the weekend, however due to high customer response these selected items are nearly sold out. To see a full list of remaining coins visit APMEX.com.
Here is a brief overview of the highs and lows for this week.
Gold:
Spot Gold prices opened this week at $912.30. The high during the week was on Wednesday, July 15th at $942.30, while the low for the week was on Monday July 13th at $907.40. Gold ended the week with a gain of $26.20 at $938.50. This week 1 oz. 2009 Gold American Eagles, 10gm APMEX Gold Bars and 1oz. APMEX Gold Bars were popular items with investors.
Silver:
Spot Silver prices opened this week at $12.66. Silver reached a high of $13.49 at the close of the market on Friday, July 17th, while the low for silver occurred on Monday July 13th, at $12.43. Silver ended the week with a gain of .78 cents at $13.44. This week 1oz. 2009 Silver American Eagles, 1oz. Walking Liberty Silver Rounds and 10 oz. Sunshine Mint Silver Bars remained extremely popular among buyers.
Platinum:
Spot Platinum prices opened this week at $1105.10, and ended the week up $72.30 at $1177.40. Many investors continue to be keenly interested in platinum. This week 2009 1oz. Platinum Canadian Maple Leafs, ½ oz. Platinum American Eagles and 1oz. Pamp Suisse Platinum Bars sold in solid numbers.
Palladium:
Spot Palladium prices opened this week at $232.15, and ended the week with a gain of $19.85 at $252.00. The most popular of these products this week are 1oz. Pamp Suisse Palladium Bars, 1oz. Credit Suisse Palladium Bars and 10 oz. Pamp Suisse Palladium Bars.
Numismatics:
By now it must sound like a broken record, the coin market is demonstrating great strength. Last week’s Florida United Numismatists (FUN) show held in West Palm Beach, Florida was very successful and attendance was strong. Pre-1933 Gold type coins in lower mint state grades remain the topic of conversations both on the bourse floor as well as in local coin shops around the United States. Even the tiny $1 Gold coins have enjoyed the benefits of the coin market’s favorable position.
Problem free Half Cents and Large Cents in collector grades, that are reasonably priced, continue to remain the backbone of early type coins. Though the more common dates in the 1840’s and 1850’s have seen a rise in popularity, it is the early examples of these series’ that are the driving force. In addition to the success early copper has had, Bust and Seated Liberty type coinage have also seen a resurgence in popularity, especially the Seated Liberty Quarter series.
Morgan Dollars, much like early type, have remained strong in affordable grades. Common date Morgans in high grade continue their upward swing with no indication of slowing down. Even key date Morgans such as the 1889-CC (Carson City) and the 1894 dollar have benefited from the current demand!
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Weekly Market Recap 06/05/09
Investors continue to seek protection in precious metals. The weakening U.S. Dollar, additional borrowing from the U.S. Government and threatened treasuries make precious metals a valuable safe-haven. Major Asian Banks announced mid-week the continued purchasing of U.S. treasuries helping the U.S. Dollar stabilize a bit. Rising interest rates, energy stocks and commodities fueled a late week rally in the market despite disappointing May sales reports from big retailers.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion and numismatic products here at APMEX.com.
Gold:
Spot Gold prices opened this week at $981.00. The high during the week was on Wednesday, June 3rd, at $992.10, while the low for the week occurred on Friday, June 5th at the market close of $955.60. Gold ended the week down $25.40 at $955.60. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, and 1 oz. Random Year Gold Krugerrand, were all very popular items at APMEX.com.
Silver:
Spot Silver prices opened this week at $15.76. Steady trading pushed spot silver to a high of $16.25, on Wednesday, June 3rd, while the low for silver occurred on Thursday, June 4th, at $15.12. Silver ended the week down 39 cents at $15.37. 2008 and prior 1oz. Silver Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, and 2009 1oz. Silver Philharmonic’s were all in high demand this week.
Platinum:
Spot Platinum prices opened this week at $1197.20 and ended the week up at $1273.00. Platinum had a gain of $75.80 through the week. Investors were eager to purchase Platinum products this week. The most popular of these items were: 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, 1 oz. Platinum American Eagles and 2009 1 oz. Platinum Canadian Maple Leafs.
Palladium:
Spot Palladium prices opened this week at $239.95 and ended the week with a gain of $19.05 at $259.00. Palladium products continue to be in great demand. To view APMEX’s Palladium products please click here as they are on a slight delay!
Numismatics:
The Long Beach show proved to be a very positive indication of where the market is headed. Many dealers believe that the coin market is finally strengthening after its sub-par performance over the past year or so. With the price of metals climbing as high as they have gone, it is no wonder all eyes have turned to Pre-1933 Gold. While Gold is again flirting with $1,000 an ounce, nearly all Pre-1933 Gold in higher grade has been at the top of everyone’s want list. Silver has also been on the upward curve. Generic Morgan Silver Dollars were very active this week with brisk sales due to the run-up in silver.
Though the metals have taken up most of the headlines, the 2nd Lincoln Cent of four this year, the Formative Years, has been doing quite well as prices are more reasonable than when the Birthplace Cent was first released. Many have already been found in circulation! Early Lincoln Cents continue their upward trend while Flying Eagle Cents seem to be jumping into the action as well. Early Mercury Dimes with Full Split Bands and Walking Liberty Half Dollars are also continuing to hold strong. Select Classic Commemorative Half Dollars continue to perform well in higher grades.
Though the metals have taken up most of the headlines, the 2nd Lincoln Cent of four this year, the Formative Years, has been doing quite well as prices are more reasonable than when the Birthplace Cent was first released. Many have already been found in circulation! Early Lincoln Cents continue their upward trend while Flying Eagle Cents seem to be jumping into the action as well. Early Mercury Dimes with Full Split Bands and Walking Liberty Half Dollars are also continuing to hold strong. Select Classic Commemorative Half Dollars continue to perform well in higher grades.
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Weekly Market Recap 4/10/2009
In this shortened market week due to the observance of Good Friday, precious metals came under some slight selling pressure. Metal prices were affected as equities were on the rise this week, due in part to residual optimism for the efforts of World Leaders to repair the battered economies.
Stocks were up around 23% overall from their March lows. Some think that moves in the markets this week could be confirmation that an economic recovery may be starting to form. However, many experts believe that our economy is still in the early stages of the bottoming process and that noticeable recovery will not be apparent until at least the 4th quarter of this year. As a result of these cautious forecasts, precious metals remain very popular among savvy investors and those looking to firm up their financial futures.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion and numismatic products here at APMEX.com.
Gold:
Spot Gold prices opened this week at $898.00. The high during the week was on Monday, April 6 at $899.50, while the low for the week also occurred on April 6 at $865.00. Gold ended the week down $14.70 at $883.30. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/20 ounce Gold Maple Leafs, 2009 1/10 ounce Austrian Philharmonics, 1 gram APMEX Gold Bars, and 1 ounce Pamp Suisse Gold Bars were all very popular items at APMEX.com.
Silver:
Spot Silver prices opened this week at $12.80. The open of the silver market was the high for the week at $12.80, on Monday, April 6, while the low for silver occurred on Tuesday, April 7, at $12.02. Silver ended the week down .47 cents at $12.33. This week APMEX presented customers with a 48 Hour sale on 2009 Silver Maple Leafs, which had a great response - especially in concert with the lower silver market price. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, 1 ounce APMEX Silver Rounds, 10 ounce APMEX Silver Bars, 2009 1 ounce Silver Philharmonics and 1 oz. Morgan Design Silver Bars were hot items on APMEX.com.
Platinum:
Spot Platinum prices opened this week at $1156.10, and ended the week up at $1195.30. Platinum had a gain of $39.20 throughout the week. The most popular of platinum items were: 5 gram Credit Suisse Platinum Bars, 1 oz. Platinum Pamp Suisse Bars, and 1 oz. Scotiabank Platinum bars. These items are live and ready to ship at APMEX.com
Palladium:
Spot Palladium prices opened this week at $224.95, and ended the week up $6.15 at $231.10. Palladium products continue to be in great demand. This week the 1 oz. Pamp Suisse Palladium Bars and 10 ounce Pamp Suisse Palladium Bars were in high demand. APMEX has these items available for purchase on delayed delivery only.
Numismatics:
The list of 2009 successful coin shows continues to grow and grow. From the FUN show during the 1st week of January to the recently completed show in Santa Clara, all of the major coin shows have been well-attended, and the activity level has been brisk! This continues to bode well for collectors, investors and dealers alike!
The very recent price decline in the spot price of gold has had the effect of lowering the premiums a bit on Pre-1933 US Gold Coins. With these lowered premiums has come increased demand for these coins. Additionally, Proof and Mint set activity is very strong with demand, not only for the older silver sets, but for more recent issues as well.
And while we never like to say “I Told You So,” it is with much pleasure that we note that the U. S. Classic Commemorative Coin Series has advancing issue bids beating declining issues by a 4 to 1 ratio! We have been saying for the last 4 months that these issues were undervalued and now the market has started to realize that as well!
Stocks were up around 23% overall from their March lows. Some think that moves in the markets this week could be confirmation that an economic recovery may be starting to form. However, many experts believe that our economy is still in the early stages of the bottoming process and that noticeable recovery will not be apparent until at least the 4th quarter of this year. As a result of these cautious forecasts, precious metals remain very popular among savvy investors and those looking to firm up their financial futures.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion and numismatic products here at APMEX.com.
Gold:
Spot Gold prices opened this week at $898.00. The high during the week was on Monday, April 6 at $899.50, while the low for the week also occurred on April 6 at $865.00. Gold ended the week down $14.70 at $883.30. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/20 ounce Gold Maple Leafs, 2009 1/10 ounce Austrian Philharmonics, 1 gram APMEX Gold Bars, and 1 ounce Pamp Suisse Gold Bars were all very popular items at APMEX.com.
Silver:
Spot Silver prices opened this week at $12.80. The open of the silver market was the high for the week at $12.80, on Monday, April 6, while the low for silver occurred on Tuesday, April 7, at $12.02. Silver ended the week down .47 cents at $12.33. This week APMEX presented customers with a 48 Hour sale on 2009 Silver Maple Leafs, which had a great response - especially in concert with the lower silver market price. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, 1 ounce APMEX Silver Rounds, 10 ounce APMEX Silver Bars, 2009 1 ounce Silver Philharmonics and 1 oz. Morgan Design Silver Bars were hot items on APMEX.com.
Platinum:
Spot Platinum prices opened this week at $1156.10, and ended the week up at $1195.30. Platinum had a gain of $39.20 throughout the week. The most popular of platinum items were: 5 gram Credit Suisse Platinum Bars, 1 oz. Platinum Pamp Suisse Bars, and 1 oz. Scotiabank Platinum bars. These items are live and ready to ship at APMEX.com
Palladium:
Spot Palladium prices opened this week at $224.95, and ended the week up $6.15 at $231.10. Palladium products continue to be in great demand. This week the 1 oz. Pamp Suisse Palladium Bars and 10 ounce Pamp Suisse Palladium Bars were in high demand. APMEX has these items available for purchase on delayed delivery only.
Numismatics:
The list of 2009 successful coin shows continues to grow and grow. From the FUN show during the 1st week of January to the recently completed show in Santa Clara, all of the major coin shows have been well-attended, and the activity level has been brisk! This continues to bode well for collectors, investors and dealers alike!
The very recent price decline in the spot price of gold has had the effect of lowering the premiums a bit on Pre-1933 US Gold Coins. With these lowered premiums has come increased demand for these coins. Additionally, Proof and Mint set activity is very strong with demand, not only for the older silver sets, but for more recent issues as well.
And while we never like to say “I Told You So,” it is with much pleasure that we note that the U. S. Classic Commemorative Coin Series has advancing issue bids beating declining issues by a 4 to 1 ratio! We have been saying for the last 4 months that these issues were undervalued and now the market has started to realize that as well!
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Weekly Market Recap 4/3/2009
This week, the market has been very active. On Tuesday, the DOW and the S&P 500 finished March with their largest gains since October 2002. In March, the DOW finished up 7.7% showing its first gain after six months of loses.
The world’s leaders gathered for the G-20 conference in London where they agreed to funnel an additional 1.1 Trillion into the global economy to fight the current financial meltdown. Despite the short term upswing in the stock market, precious metals continue to be a major player for investors seeking safe haven.
Silver:
Spot Silver prices opened this week at $13.27. Silver reached a high of $13.35, on Monday, March 30, while the low for the week occurred on Thursday, April 2 at $12.56. Silver ended the week down .71 cents at $12.87. This week APMEX presented customers with the “Fool Proof Silver Sale”, which had a great response. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, 1 ounce APMEX Silver Rounds, 2009 1 ounce Silver Philharmonics and 1 oz. Morgan Design Silver Bars were hot items on APMEX.com.
Platinum:
Spot Platinum prices opened this week at $1144.87, and ended the week up at $1172.10. Platinum had a gain of $27.23 throughout the week. Investors continue to seek out platinum products. The most popular of these items were 1 oz. Platinum Pamp Suisse Bars and 1 oz. Scotiabank Platinum Bars. These items are live and ready to ship at APMEX.com
Palladium:
Spot Palladium prices opened this week at $222.00, and ended the week up $3.00 at $225.00. Palladium products continue to be in great demand. 1 oz. Pamp Suisse Palladium Bars remain popular with investors. You can use the APMEX AlertMe!℠ product alert feature to be notified when we have more of these sought after bars in stock.
Numismatics:
The city of Baltimore offers a beautiful and renovated Inner Harbor area, the venerable Orioles baseball team, and probably the best crab cakes on earth. The city was very crowded last week with coin dealers from across the nation; but they weren’t there to enjoy the sights. They were there to conduct business at the Whitman Coin and Currency Expo. APMEX returned from the Baltimore coin show with renewed confidence in the rare coin market and significant new inventory! If you were to ask the majority of dealers in attendance there, they would all say that the show was a rousing success! Although the convention was shortened by one day from previous sessions (there was no Sunday activity), the dealers conducted enough business to make the trip to Maryland worthwhile.
We bought and bought and bought! Nathan, Robyn and Mike kept the US Post Office booth very busy mailing package after package of coins back to Oklahoma. The highly sought after 2009 Ultra High Relief Gold Coins were on everyone’s shopping list and there were only a few available at the entire show! These beautiful coins are very hard to get and no gold collection is complete without one! Beyond modern rarities, the reliable Morgan Silver Dollar was another very popular item at the show – in conditions from culls to Gems! We bought thousands of them!
Proof sets, Barber coins, early Lincoln cents, Large Size US Currency and all denominations of pre-1933 US Gold coins rounded out much of our new purchases. Click the hyperlinks to see some of the new items we purchased for you! And continue to look at these links over the next few days as we list more and more of these wonderful new items for your collections!
The world’s leaders gathered for the G-20 conference in London where they agreed to funnel an additional 1.1 Trillion into the global economy to fight the current financial meltdown. Despite the short term upswing in the stock market, precious metals continue to be a major player for investors seeking safe haven.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion and numismatic products here at APMEX.com.
Gold:
Spot Gold prices opened this week at $924.60. The high during the week was on Monday, March 30 at $935.50, while the low for the week occurred on Thursday April 2 at $894.90. Gold ended the week down $27.80 at $896.80. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 ounce Austrian Philharmonics, 1 gram APMEX Gold Bars, and 1 ounce Pamp Suisse Gold Bars were all very popular items at APMEX.com.
Gold:
Spot Gold prices opened this week at $924.60. The high during the week was on Monday, March 30 at $935.50, while the low for the week occurred on Thursday April 2 at $894.90. Gold ended the week down $27.80 at $896.80. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 ounce Austrian Philharmonics, 1 gram APMEX Gold Bars, and 1 ounce Pamp Suisse Gold Bars were all very popular items at APMEX.com.
Silver:
Spot Silver prices opened this week at $13.27. Silver reached a high of $13.35, on Monday, March 30, while the low for the week occurred on Thursday, April 2 at $12.56. Silver ended the week down .71 cents at $12.87. This week APMEX presented customers with the “Fool Proof Silver Sale”, which had a great response. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, 1 ounce APMEX Silver Rounds, 2009 1 ounce Silver Philharmonics and 1 oz. Morgan Design Silver Bars were hot items on APMEX.com.
Platinum:
Spot Platinum prices opened this week at $1144.87, and ended the week up at $1172.10. Platinum had a gain of $27.23 throughout the week. Investors continue to seek out platinum products. The most popular of these items were 1 oz. Platinum Pamp Suisse Bars and 1 oz. Scotiabank Platinum Bars. These items are live and ready to ship at APMEX.com
Palladium:
Spot Palladium prices opened this week at $222.00, and ended the week up $3.00 at $225.00. Palladium products continue to be in great demand. 1 oz. Pamp Suisse Palladium Bars remain popular with investors. You can use the APMEX AlertMe!℠ product alert feature to be notified when we have more of these sought after bars in stock.
Numismatics:
The city of Baltimore offers a beautiful and renovated Inner Harbor area, the venerable Orioles baseball team, and probably the best crab cakes on earth. The city was very crowded last week with coin dealers from across the nation; but they weren’t there to enjoy the sights. They were there to conduct business at the Whitman Coin and Currency Expo. APMEX returned from the Baltimore coin show with renewed confidence in the rare coin market and significant new inventory! If you were to ask the majority of dealers in attendance there, they would all say that the show was a rousing success! Although the convention was shortened by one day from previous sessions (there was no Sunday activity), the dealers conducted enough business to make the trip to Maryland worthwhile.
We bought and bought and bought! Nathan, Robyn and Mike kept the US Post Office booth very busy mailing package after package of coins back to Oklahoma. The highly sought after 2009 Ultra High Relief Gold Coins were on everyone’s shopping list and there were only a few available at the entire show! These beautiful coins are very hard to get and no gold collection is complete without one! Beyond modern rarities, the reliable Morgan Silver Dollar was another very popular item at the show – in conditions from culls to Gems! We bought thousands of them!
Proof sets, Barber coins, early Lincoln cents, Large Size US Currency and all denominations of pre-1933 US Gold coins rounded out much of our new purchases. Click the hyperlinks to see some of the new items we purchased for you! And continue to look at these links over the next few days as we list more and more of these wonderful new items for your collections!
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The Financial Crash of 2009
This video excerpt from the Glenn Beck show graphically illustrates the reason behind the recent “gold rush”. Mr. Beck clearly demonstrates the facts surrounding the recent bailout programs and massive production of paper currency by the Federal Reserve. Many Americans (average working people, not just the super-rich) are extremely concerned about the very apparent devaluation of the US dollar. To combat this concern and protect whatever wealth they may have, these citizens are seeking to possess physical gold and silver in volumes not seen in modern history.
In fact, at APMEX, the numbers of orders increased 262% for Gold from 2007 to 2008. Silver orders increased 358% from 2007 to 2008. So far, 2009 appears to be making those increases look paltry by comparison.
These two facts alone should convince you – in case you need convincing – that gold and silver are the only investments to make right now to help prevent your wealth from being swallowed whole by the monstrous deficit growing in America today. Watch the video below and decide for yourself what you will do to protect your assets.
Video Courtesy of FOX News - Click Here if the Video is Not Showing
In fact, at APMEX, the numbers of orders increased 262% for Gold from 2007 to 2008. Silver orders increased 358% from 2007 to 2008. So far, 2009 appears to be making those increases look paltry by comparison.
These two facts alone should convince you – in case you need convincing – that gold and silver are the only investments to make right now to help prevent your wealth from being swallowed whole by the monstrous deficit growing in America today. Watch the video below and decide for yourself what you will do to protect your assets.
Video Courtesy of FOX News - Click Here if the Video is Not Showing
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Weekly Market Recap 3/06/2009
Precious metals fluctuated this week as oil prices had a good session. Confidence among commodity investors remains fragile with the steady weakness of the equity markets. After reaching an 11 month high on February 20th of this year, gold dropped a bit this week but successfully stayed above the coveted $900 per ounce level.
Sharp falls in global markets have also contributed to the easing of the bullish trend on bullion prices that we have seen lately. Silver, Platinum and Palladium followed suit with Gold this week and have backed off their recent higher prices. Heavy losses in the equity markets worldwide have only deepened concerns about the economy and made precious metals more attractive to savvy investors and collectors. These factors are not significantly slowing the current gold rush though.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion products and numismatics here at www.APMEX.com.
Sharp falls in global markets have also contributed to the easing of the bullish trend on bullion prices that we have seen lately. Silver, Platinum and Palladium followed suit with Gold this week and have backed off their recent higher prices. Heavy losses in the equity markets worldwide have only deepened concerns about the economy and made precious metals more attractive to savvy investors and collectors. These factors are not significantly slowing the current gold rush though.
Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion products and numismatics here at www.APMEX.com.
Gold:
Spot Gold prices opened this week at $940.30. The high during the week was on Monday March 2nd at $959.50, while the low for the week occurred on Wednesday March 4th at $900.40. Overall, Gold ended the week at $940.20. This week, 2009 1 oz Gold American Eagles, 1/10 oz. Gold Australian Lunars, 1/20 oz. Gold Australian Lunars, 2009 Gold South African Krugerrands, and 1 oz. Pamp Suisse Gold Bars saw active trading from concerned investors.
Silver:
Spot Silver prices opened last week at $13.10. The low point for silver was on Monday, March 2nd at $12.20 and the high of $13.44 occurred at market close on Friday. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, and 2009 Silver Canadian Maples continue to be hot ticket items.
Platinum:
Palladium:
Numismatics:
The Dow Jones Industrial Average broke through the 7,000 point support level and continued to drop further this week, closing Friday at 6,626.94. This weakness in the financial markets has added to the demand for gold numismatic and bullion coins. Although we have said this repeatedly, there is significant demand for Pre-1933 US Gold Coins, as well as World Gold Coins. This seems to help keep the spot price of gold above the $900.00 per ounce mark. At coin shows, over the Internet, on the dealers trading networks, everyone is apparently chasing the yellow metal, in all forms!
Prices for many esoteric areas of numismatics – obsolete currency, colonial currency, tokens, and medals – are stable to strong. At recent coin shows and numismatic auctions strong prices are being paid for high-quality or scarce items. Whether it is a condition rarity on a more generic item or simply an item that is truly scarce, the collector demand is there!
Platinum:
Spot Platinum prices opened last week at $1078.80, reached a high of $1100.00 on Monday, March 2nd and ended the week slightly down at $1076.10 on Friday March 6th. APMEX has 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, and 2009 1 oz. Platinum Canadian Maple Leafs. These items continue to be in short supply and high in demand - if you are interested in platinum products, get these while they last!
Palladium:
Spot Palladium prices opened this week at $197.95. Platinum's low occured on Wednesday, March 4th, but recovered ending the week at it highest level at $208.90. Any Palladium products continue to be in huge demand and are extremelty difficult to source. This week the 1 oz. Pamp Suisse Palladium Bars, and 100 oz. Fine Palladium Bars were popular once again with investors.
Numismatics:
The Dow Jones Industrial Average broke through the 7,000 point support level and continued to drop further this week, closing Friday at 6,626.94. This weakness in the financial markets has added to the demand for gold numismatic and bullion coins. Although we have said this repeatedly, there is significant demand for Pre-1933 US Gold Coins, as well as World Gold Coins. This seems to help keep the spot price of gold above the $900.00 per ounce mark. At coin shows, over the Internet, on the dealers trading networks, everyone is apparently chasing the yellow metal, in all forms!
Prices for many esoteric areas of numismatics – obsolete currency, colonial currency, tokens, and medals – are stable to strong. At recent coin shows and numismatic auctions strong prices are being paid for high-quality or scarce items. Whether it is a condition rarity on a more generic item or simply an item that is truly scarce, the collector demand is there!
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