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September, 2008

  1. PCGS drops services (again)

    September 12, 2008 by admin

    I just got this in an email. It looks like the grading service gives us another reason to go elsewhere. Notice how they don’t say anything about not charging for bodybags and/or slabbing “no grade” coins? Time to vote with our wallets.

    Effective October 1st PCGS will no longer offer the Regrade with Comment and Crossover with Comment services.  We will also no longer provide the PCGS grade on crossovers that do not cross. For further information call PCGS Customer Service at 800-447-8848.

    Category PCGS | Tags: | No Comments

  2. September 2008 meeting: Medals of the Olympics

    September 4, 2008 by admin

    olympic, medal, how to, made, China, Beijing 2008, olympics 2008, Beijing, China World Sport, Production, Jade, Medal

    The September 2008 meeting of the Atlantic County Numismatic Society (ACNS) was held on September 3, 2008 at the Linwood library at 7pm and the theme was “Medals of the Olympics.”

    Club president Jason O’Grady gave a presentation on how medals are part of the field of Numismatics and when better to discuss them than around the time of the Olympics? Medals were a timely topic for the meeting which took place just after the closing ceremonies of an amazing Summer 2008 Olympics in Being.

    Some of the things that we learned included:

    • Each Olympic medal must be at least 70mm across and 6mm thick.
    • Gold medals contains 6 grams of gold and the remaining 92% is silver. The gold is gilted on to the silver.
    • Silver medals contain 99% pure silver and the remaining 1% is raw unprocessed silver.
    • Bronze medals contain 1% silver and the remaining 99% is what is called coinage bronze, which is made up of 97% copper (Cu), 2.5% zinc (Zn) and 0.5% tin (Sn).
    • 10.5 Kg Of Gold, 1050 Kg of Silver, 1054 Kg of Copper was used for medals at the Beijing Olympics.

    You can download the presentation here (1.5MB PDF). Requires Adobe Acrobat reader.

    Category Medal, Meeting, Theme | Tags: | No Comments

  3. Precious metals drop sharply with Oil

    September 2, 2008 by admin

    Bullion update ...New York silver, gold and platinum all dropped sharply Tuesday, helped by falling crude-oil prices and a rally in the U.S. dollar. The latter was spurred along by furthering concerns over the economic picture in Europe and Asia.

    Reports to date indicate Hurricane Gustav did not cause any significant damage to Gulf oil infrastructure. And with that, October oil fell by $5.75, or 5 percent, to close to $109.71 per barrel.

    Silver for December fell to $13.15 an ounce, losing 56 cents, or 4.1 percent.

    October platinum dropped $86.30, or 5.8 percent, to end at $1,403.50 an ounce.

    December gold dropped $24.70, or 3 percent, to close at $810.50 an ounce. Gold hit an intraday low of $795.20 an ounce.

    Courtesy: CoinNews.net

    Category Gold, Silver | Tags: | No Comments

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