Monday, April 24th, 2017 MST

Category: Gold Coins

Even asset managers fear gold confiscation

The issue of gold confiscation has long been the primary scare tactic behind the sale of overpriced collectible and numismatic coins. So pervasive has the fear become that even asset managers who control billions of dollars fear confiscation—according to mineweb.com’s top story for 2010.

The story, posted June 10, 2010 on Mineweb.com’s site became the site’s “top story,” which probably means the article received the most hits of all the articles posted on the site in 2010. The question remains: Is the fear valid or has the story been told so many times that it has taken on a life of its own?

100-kilogram Gold Maple Leaf sells at auction

In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian.  The 100-kilogram coin measures 20 inches in diameter and weighs right at 220 pounds on a bathroom scale.

Mint set to release 2010-dated fractional-ounce Gold Eagles

Summer is here, and the US Mint is just now releasing 2010-dated fractional-ounce Gold Eagles, the ½-oz, the ¼-oz and the 1/10-oz sizes.  We expect to have the coins ready for shipment on or about June 21.  Because of subdued buying, premiums are about where they have been during normal times in years past, meaning

2009-dated US Mint Buffalo Gold coins being shipped

Friday, CMIGS began shipping the year’s first 2009-dated US Mint Buffalo Gold Coins. Before the release, there was speculation that the mintage would be low because the Mint did not produce them until late in the year. However, as of this writing, the Mint’s web site shows that 86,000 Buffalo Gold Coins have already been

Gold Krugerrands vs. Gold Eagles

With the sharp drop in the price of gold, Krugerrands are scarce because few investors are willing to sell. Further, for a while the U.S. Mint was not able to supply enough 1-oz Gold Eagles. So, a major wholesaler began importing, for the first time in decades, new Krugerrands. Yes, 2008-dated Krugerrands are for sale.

Premiums on Gold Eagles up, now back down

The U.S. Mint recently announced that it would ship no more 1-oz Gold Eagles until January 2008. This policy has become the norm for the Mint toward year-end when it shuts down production of current-year coins to prepare for minting the ensuing year’s coins. The announcement resulted in an immediate jump in the premiums on

Gold coin buyers beware

A man with whom we have not done business called early this morning. He said he found us on the Internet, doing a search because a dealer from whom he bought coins last year would not return his calls. His story is sad and similar to other stores we often hear. He said that in

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