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Making Cents | TheCoinBroker.com Blog | Page 4

1793 penny fetches $1.38M at U.S. auction

ORLANDO, Florida (AP) – A once-cent copper coin from the earliest days of the U.S. Mint in 1793 has sold for a record $1.38 million at a Florida auction.

Read more here… http://www.usatoday.com/news/nation/story/2012-01-07/million-dollar-penny/52440226/1

  • January 9th, 2012
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Gold tops $1,600, rises more than 2%, Silver hops nearly 6% on U.S. manufacturing data

SAN FRANCISCO (MarketWatch) — Gold futures were back at $1,600 an ounce on Tuesday, rebounding from a weak December with aplomb amid rallying oil futures and a weaker dollar.

Gold for February delivery /quotes/zigman/656382 GC2G +2.50%  rose $35.80, or 2.2%, to trade at $1,602.70 an ounce on the Comex division of the New York Mercantile Exchange. It traded as high as $1,608.70 an ounce earlier.

 

Read more here… http://www.marketwatch.com/story/gold-futures-begin-2012-on-positive-note-2012-01-02?link=MW_home_latest_news

  • January 3rd, 2012
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    Precious Metals News
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Silver Over $50 Coming Sooner Than You Think

Since my last silver article on Seeking Alpha, I have been overwhelmed with emails requesting an update. In the article I suggested that we were nearing a bottom for silver before it begins a parabolic rally. I noted that if silver broke below the recent 29.90 support level in the futures, then the most likely bottom for silver would be the $26 region, with the potential to drop even as low as the 22.50 region. So, let’s see if that analysis is still applicable at this time.

 

Read more here… http://seekingalpha.com/article/317032-silver-over-50-coming-sooner-than-you-think

  • January 3rd, 2012
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    Precious Metals News
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Recent Price Drop Creates Best Speculative Buying Opportunity On Gold In Years

“None of the fundamental factors have changed. The world still has too much debt and there is no way this debt can be repaid; moreover, the monetary authorities of the world continue to signal that their bias is inflationary (see the recent comments from the Bank of International Settlements as an example). In the United States, M2 money supply continues to rise.”

Read more here:     http://seekingalpha.com/article/313846-recent-price-drop-creates-best-speculative-buying-opportunity-on-gold-in-years
  • December 15th, 2011
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    Precious Metals News
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Lehman II in Progress as Financial System Implodes

With growing fears about the European banking system, today King World News interviewed James Turk out of Spain to get his take on the situation.  When asked about the ongoing crisis, Turk responded, “For a few months now I have been worrying that there would be another Lehman moment and have been expecting it before year-end.  I said the failure of Dexia was not the event, and initially I thought MF Global was not big enough to cause it either.  But, Eric, it is now becoming clear that the ramifications of MF Global are earth shaking, and consequently, I think we are already in another Lehman moment.”
read more here:  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/13_Turk_-_Lehman_II_in_Progress_as_Financial_System_Implodes.html
  • December 15th, 2011
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    Precious Metals News
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How to Be a Coin Dealer

In order to be a coin dealer, a person should first be a coin collector in order to gain the skills and knowledge needed to be a successful dealer. Discover how to work as an apprentice in a coin shop with help from a second-generation numismatist in this free video on coin dealers.


How to Be a Coin Dealer — powered by ehow
  • December 13th, 2011
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    Instructional Coin Videos
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White House cutting production of presidential dollar coins

WASHINGTON — The presidential dollar coin has fallen victim to Washington’s cost cutting efforts.

The White House said Tuesday it is stopping nearly all production of the coins, which carry the likeness of every deceased president. The effort will save taxpayers $50 million a year in production and storage costs.

Read more here:

http://www.washingtonpost.com/politics/white-house-cutting-production-of-presidential-dollar-coins-will-save-taxpayers-50-million/2011/12/13/gIQAC1f3rO_story.html

  • December 13th, 2011
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Physical Silver Shortage Alert!

If Silver Goes Down All Hell Will Break Loose In The Physical Market….
Read more here: http://www.prnewswire.com/news-releases/physical-silver-shortage-alert-135434003.html

This video has some great information on Silver and the potential for a big shortage in the future. I am not sure who the company that made the video is however they included good info. If you’re interested in buying/selling or just learning more about Silver feel free to call us.
Owner of Commercial Rare Coins LLC
Brian Kuszmar

  • December 13th, 2011
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    Precious Metals News
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What you need to know about China and gold

What you need to know about China and gold

In 2008, China surprised the market by announcing that the People’s Bank of China had doubled its gold reserves in the past five years to 1054 tones….

More… http://www.commodityonline.com/news/what-you-need-to-know-about-china-and-gold-44255-3-1.html

  • December 8th, 2011
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    Precious Metals News
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Buying Silver Is Like Buying Gold At $554 Today

Buying Silver Is Like Buying Gold At $554 Today

I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850).

More…  http://news.silverseek.com/SilverSeek/1323354649.php

  • December 8th, 2011
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