Tag: gold coins

Detect Fake Gold & Silver Coins With An Easy Ping Test

Detect Fake Gold & Silver Coins With An Easy Ping Test

GoldSilver.com published a very practical report on the growing threat of fake silver and counterfeit gold products. Mainly the simple but powerful ping test (which everyone can do at home, at ease) can protect you from being ripped off by sellers of phony bullion products. The ping test applies to both gold and silver coins.

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Arizona 2nd US State To Accept Gold & Silver As Currency

Arizona 2nd US State To Accept Gold & Silver As Currency

This week it is Arizona who is one step away of adopting gold and silver official as currency on a state level. The Senate voted 18-10. It is the governor who needs to sign off (but could refuse as well in extremis). The bill will make gold and silver coins legal tender as of mid-2014.

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Nine Facts & Figures About The Perth Mint In Australia

Nine Facts & Figures About The Perth Mint In Australia

The Perth Mint in Australia accounts for 300 tonnes of annual output, which equals slightly more than 10% of the world gold production (excl Russia and China). Being one of the largest mints in the world it is worth looking at the facts and figures behind the company. On the Perth Mint blog we have found nine interesting facts and figures.

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US Mint Sells Most Coins Ever In First 4 Months

US Mint Sells Most Coins Ever In First 4 Months

While April has not been completed, with a bit more than a week to go, the sales reports again beat all previous years. We have created the following overview which shows the sales of the US Mint gold and silver coins year-to-date. Physical gold and silver demand is on fire and has been accelerated this week with the gold and silver price drop.

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Physical Silver Investors Continue Their Record High Accumulation

Physical Silver Investors Continue Their Record High Accumulation

The latest ETF and US Mint figures show that physical silver demand is historically high and continues to be so. What does this mean?

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US Mint Silver Eagles Exceptionally Strong In First Days Of March

US Mint Silver Eagles Exceptionally Strong In First Days Of March

During the first days of March, especially the silver coin sales have been disproportionately high compared to previous years. Mind that the following tables show the first five days of March 2013, while the full month is shown in the years before.

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US Mint Sold Exceptionally High In January & February

US Mint Sold Exceptionally High In January & February

US Mint gold and silver coins have sold at a record volume in January & February compared to the first two months in previous years. The first two months of the year have been the highest ones since 2008. Please mind, the volume alone tells us nothing about the price.

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January US Gold & Silver Eagle Sales Into Perspective

| January 30, 2013 | Articles: General
January US Gold & Silver Eagle Sales Into Perspective

The sales of US Silver Eagles, as reported by the US Mint, have skyrocketed in the month of January. Truly, the spike is exceptional for silver, but there is a significant difference with the Gold coin sales. We would like to put these figures into perspective, in order to add some value to this news event.

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US Mint Bullion Coin Sales

| January 5, 2013 | Articles: General
US Mint Bullion Coin Sales

The charts in this essay superimpose these coin sales over the daily gold and silver price action over the course of their entire secular bulls. Despite the perception of 2012 being a weak year for the precious metals, new physical demand from investors for American Eagles is actually robust to strong. This is certainly a bullish omen.

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Gold & Silver Eagles Top Performers in November 2012

| December 2, 2012 | Articles: General
Gold & Silver Eagles Top Performers in November 2012

November has seen very strong sales in American Eagles, both gold and silver coins. Reuters reported that “November sales of U.S. American Eagle gold coins are set to be the strongest in 14 years as uncertainty surrounding the U.S. fiscal crisis and the presidential election triggered safe-haven buying, dealers said.”  Reuters cites in the same article the opinion of one of the leading dealers in the US: “There is a huge influx of new high-net-worth individuals that are buying a lot of gold, and they are taking physical possession of it,” said David Beahm, vice president of Blanchard & Co, one of the largest U.S. retail coin and bullion dealers. We […]

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Precious Metals Succumbing to Deflationary Forces Today

Precious Metals Succumbing to Deflationary Forces Today

Both Gold and Silver are under selling pressure today as the sell off in the grains seems to have pushed a large amount of hot money out of the commodity sector. Soybeans are currently locked at limit down as is the front month corn contract. Talk that Smithfield is importing corn from Brazil has sent supply side bulls scurrying for cover and demand side bears are pressing their case. The pool in the July was 112K at one time and is now down to 26K currently. In the November Beans, the pool is at 37K as I write this. Traders had been bidding up commodities in general of late as […]

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Missouri politicians aim to simplify use of gold as money

Missouri is the latest US state that is trying to follow Utah’s example by allowing physical gold and silver to be used as legal tender. According to the Constitution, gold and silver coins – such as the American Gold and Silver Eagle – should be accepted as legal tender in all of the US, but of course this has long since ceased to apply in practice. But now some members of the Missouri House of Representatives are working on simplifying the payment process with precious metals, and are hoping to introduce special gold and silver accounts for all monetary transactions done in the state. This plan is similar to a law passed […]

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