Gizmodo.com reported on Monday that…
“On Monday, the House of Representatives passed a bill that requires the Secretary of the Treasury to issue a special commemorate coin for the 50th anniversary of the 1969 Apollo moon landing. The bill, titled H.R. 2726 demands the Treasury create a variety of convex coins “to more closely resemble the visor of the astronaut’s helmet of the time.”
Of course the bill must be passed by the Senate and President-elect Trump.
“Gold Inches Lower on Week, Silver Rallies; US Mint Gold Sales Strengthen” – GoldNews.net reported on the futures of gold, silver, platinum and palladium…
“Gold futures closed higher Friday for the first time in four sessions, climbing from an almost 10-month low and trimming their weekly loss to just 60 cents….”
National Catholic Register posted “19 Little-Remembered Facts About St. Nicholas” and shared an interesting benevolent story about St. Nicholas…
“St. Nicholas’s anonymous gift-giving originated in his hometown of Patara in Turkey. According to ancient tradition, to deliver a destitute family of a widower father and his three daughters, who their father was considering to sell into slavery, out of dire poverty, the young Nicholas secretly threw three bags of gold coins through their window on three consecutive nights.
His anonymous nocturnal gift-giving has continued in many countries to today, including being translated into Santa’s visits.”
Learning about a hobby or anything is more fun when it is shared with a friend, family member or other. Learning about coins and money is no different. Lots of people learn about coins and coin history through coin clubs such as the Upper Cumberland Coin Club….
The club president, Dennis, “first got interested in coins when his grandmother showed him the thousands of pennies she had collected over the years. He picked up a book on coins and sorted through them for her.
“That’s how a majority of the older collectors get into them,” he said. “When the pennies went from the wheat pennies to the Lincoln Memorial in 1959, a lot of people started collecting pennies…
Both (he and Rich) are now encyclopedias of knowledge about coins from various countries and time periods. They can recite important dates — such as 1982, when pennies went from copper to zinc — or about 550 BC, when the Greek king who is credited with being the first to create gold coins.
“He was the richest person on earth at the time, but he had no way to tell how much he was worth,” White said. “So he ordered his gold and silver be stamped into coinage so he could count it. That’s where the saying ‘He has more money that Cresus’ came from.”
“A long time ago, people did not buy or sell with money. Instead they traded one thing for another to get what they wanted or needed. This exchange of goods or services is called barter. At the beginning this was sufficient, but with the evolution of societies, certain needs made the creation of a more stable and more efficient way of trading imperative. Many cultures around the world eventually developed the use of money whose value was based on the value of the material from which it was made…” http://www.ancient-origins.net
‘The Buzz’s Dave Harper posted “Gotta get that gold American Eagle” on NumismaticNews.net. He reported…
Gold’s market price might be down to $1,169, but demand for one-ounce American Eagles continues to soar.
Buyers took 129,000 of the Eagles from the Mint last month.
November results beat October’s handily.
The October sales number of 100,500 had been the previous high sales month for 2016. It was also the highest sales month since July 2015 recorded 144,500.
Is it a buying panic?
“The Salvation Army of High Point received what you might call a gift of the magi.
Not frankincense or myrrh.
Sometime this past weekend an anonymous person dropped a U.S. Gold Eagle $5 coin in a Salvation Army red kettle. Volunteers found it Tuesday…”
Similar stories –
CoinUpdate.com reported in the post, “Blockchain Technology Allows Digital Investment in Precious Metals” that…
“This is the technology that Bitcoin is based on. Don’t let words like cryptocurrency, blockchain, or Bitcoin intimidate you. Blockchain technology is nothing more than a digital ledger (yep, just like in accounting class), albeit a highly sophisticated one.
The idea of blockchain is to securely and accurately record financial transactions….”
a “thief stole a bucket of gold flakes worth $1.6m (£1.2m) from the back of an armoured vehicle in New York, police say.
Newly-released CCTV footage shows the moment the wanted suspect calmly walked off with the the bucket of gold in Manhattan on September 29.
NYPD tweeted – “WANTED: Male Hispanic 5’6”, 150lbs, 50-60y/o for burglary in Midtown Man. Took 5 gallon pail containing gold worth $1.6mil. Call #800577TIPS “
“…should you buy?
The government has scrapped the excise duty on branded gold coins, a move that one would assume benefit the industry and consumers alike.
…what about the consumer? What should you do? Is gold coin a good investment bet post this excise duty cut? No, says Dhirendra Kumar, CEO of Value Research. “Gold is not a great investment in whatever form you buy…
…On the other hand, Naveen Kukreja, the CEO and co-founder of Paisabazaar.com believes that customers shoukd have 10-15% of their investment portfolio in gold.” Source: FinancialExpress.com
Mysterious gold coin Salvation Army donor fears this Christmas may be his last
A rare gold coin was dropped in a Salvation Army red kettle on November 22 at the Wandermere Fred Meyer.
The anonymous donor has been leaving a gold coin in the Salvation Army kettle for the past seven years. This year was a little different because this time, the coin was wrapped in a $100 bill. The approximate price of gold is just over $1,190. The donor had yet to reach out since this began back in 2009.
The donation also came with a touching, emotional letter from the donor.
“…You’ll notice some eerie similarities between past and present. Virtually the same calamity could happen today.
The financial tragedy started in the late 1860s with something no government can resist tackling. America’s leaders were manipulating its currency in hopes of boosting the economy…
GainesvilleNews.com’s blog reported,
The West African nation Ghana is known as one of the top gold-producing countries in the world. From the most recent data, it ranks as #10 on the planet, and is second in the continent of Africa behind only South Africa. On an annual basis, the national gold output of Ghana is consistently above 90 metric tonnes.
MikeJohn’s Blog post on gold investment was featured on BlufftonToday.com. In the post you will learn “…find five different, effective options for investing in gold.”
Take a look at each of them and ask yourself which one matches your investment needs…
1) Direct Ownership…
2) Exchange-Traded Funds In Gold…
and three others….
Production of 24-karat American Buffalo Gold Coins was authorized by Public Law 109-145, dated December 22, 2005, known as the Presidential $1 Coin Act.
The American Buffalo Gold Coin’s obverse and reverse designs feature images by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s five-cent coin.
That popular coin, known as the “Indian Head,” or “Buffalo Nickel,” was introduced in 1913 and showcases the native beauty of the American West.
American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint. These $50 gold coins are available to members of the public seeking a simple and tangible way to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the U.S. government.
American Buffalo Gold Bullion Coins are available at many coin and precious metals dealers as well as many brokerage houses and participating banks. Pricing for precious metal investment coins typically depends on the market price of the metal. Locate a dealer–they are not sold directly by the United States Mint. – Source – USMInt.gov
The second issue in this stunning series that is based on a series of statues that depict the lineage of Queen Elizabeth II, which are currently in the Canadian Museum of History, depicts a griffin and will be launched on December 9. – CoinWorld.com
More about the collection…
The Royal Mint has expanded its world-respected bullion portfolio with the addition of gold and silver coins celebrating The Queen’s Beasts – ten creatures that have featured throughout hundreds of years of British royal heraldry. The series will be introduced a ‘beast’ at a time, starting with the gallant Lion of England, by British coin designer Jody Clark.
Head of Bullion Sales, Nick Bowkett said: “The introduction of The Queen’s Beasts series brings an exciting new series of bullion coins to investors around the globe. With the current range consisting of 1oz and 1/4oz gold coins, the series also sees the introduction of our first two-ounce 999.9 pure silver bullion coin.” RoyalMint.com
Bearing Her Majesty The Queen’s Fifth portrait, also by Jody Clark, the new coins take their place in The Royal Mint’s core bullion range alongside the organisation’s flagship gold Sovereign and gold and silver Britannia bullion coins, as well as the Royal Mint Refinery range of gold and silver bars, offering one complete bullion solution.
Gold coins and bars, however, continue to fetch fair price without discount. But growing uncertainty has reduced bullion demand. According to Prithviraj Kothari, Managing Director, RiddiSiddhi Bullions, jewellers are abstaining from fresh purchases probably on expectations of a price fall. “Consumers are cancelling orders that they had placed months ago to honour commitment for wedding gifts. Occasional buying from retail consumers has also remained on hold. The ongoing scenario might yield liquidity problems in the medium to long term,” said Kothari.
…Beginning with the gold coins issued to mark the United Kingdom’s Brexit vote (to leave the European Union) on June 23, Coin Invest Trust launched a new way to make gold coins called Big Gold Minting, which makes it possible to produce gold coins that have large diameters and great detail but use much less gold than traditional minting would require…
The exhibit will showcase about 1,000 gold products through Monday, including the ¥43.2 million pure gold takoyaki grill that cooks up ball-shaped flour dumplings filled with minced octopus and other ingredients that is one of the emblems of Osaka’s food culture…
Black deals in Rs 500 and Rs 1,000 notes have been stopped by demonetisation. Optimists hope this will end the scourge of black money. Pessimists say no, the new Rs 2,000 notes will soon replace Rs 1,000 notes in black deals.
I prophesy that gold coins will overtake currency notes in financing large black deals. This will hugely increase the demand for imported gold, causing balance of payments strains.