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  1. How to buy American Gold Eagles at spot

    December 6, 2008 by jasonogrady

    American Gold Eagle Coins - Buy Gold American Eagles

    UPDATE 12/08/08: It appears that the discount has been reduced to 8% (It started at 30%). Oh well, it was nice while it lasted. I hope that you picked something up!

    Using this technique you can earn 20% (up to $200) cash back on qualifying eBay purchases. Yes, Virginia that means gold!

    For example you can find $50 Gold Eagles on eBay for as low as $950 (with free shipping). After the $200 cash back (which takes 60 days to receive), your net price is $750 which is less than the spot price of gold as of this writing.

    That’s a great deal considering that the Mint has been sold out of gold Eagles for a while and that many dealers (including large Coin World advertisers like APMEX) are currently charging a $200 to $220 premium over spot for gold Eagles.

    Note: You must follow this technique exactly. Do not complete the eBay purchase if you don’t see the 20% off icon on the eBay listing and on the eBay Commit To Buy/Checkout page. I will not be held liable for your eBay purchases so please read and understand this technique before completing your purchase.

    Here’s the summary:

    • You must have accounts eBay, PayPal and Live.com where the name, postal address and email address match. If you already have a Live/MSN/Passport account and you’re not positive that all your credentials match, it’s best to just create a new account on the MSN Live Cash Back page. Remember to use the same name, postal address and email address that you use on eBay and PayPal.
    • Once you’re certain that all three accounts agree follow this link and click on the first “Silver For Sale” eBay link in the shaded box at the top of the search results. This takes you into eBay through a special “Live.com” door that allows the 20% cash back eligibility.
    • Be sure that you stay in the same window on eBay that you entered from Live.com. Don’t switch windows or tabs in your Web browser or you may lose the special eBay “session” that gives you the cash back. I think that you only have an hour to make your purchase, so it’s best to “watch” the item on eBay before you enter.
    • Since the maximum cash back on eBay is $200, you should try to find a product that is as close to $1,000 as possible to maximize this deal. I purchased a gold Eagle for $950 which will net out to only $750 after the cash back.
    • It’s strictly limited to one per person (too bad!) – hence all the account verifications.

    Good luck and have fun!


  2. Gold Advances with Silver as Oil Falls

    December 3, 2008 by jasonogrady

    Bullion update ...The U.S. dollar on Tuesday lost steam, and helped gold recover from its biggest previous day session decline since March. That, despite another day of falling oil prices. New York silver and gold futures gained 2.5 percent and 0.8 percent, respectively, while platinum declined 0.3 percent.

    January crude-oil lost another $2.32, or 4.7 percent, following Monday’s $5.15 drop to close to $46.96 a barrel. Oil is now at its lowest level in more than three years. The average price for unleaded gasoline declined nearly one cent to $1.812 a gallon, according to AAA.

    March silver gained 23 cents to close to $9.615 an ounce.

    January platinum fell $2.60 to settle at $807.30 an ounce.

    Gold for February rose $6.50 to close to $783.30 an ounce.

    Tip: CoinNews.net


  3. Mark Twain coins proposed in U.S. House

    September 30, 2008 by jasonogrady

    Mark Twain Gold and Silver Coins Proposed in U.S. House Rep. John Larson and five other House members proposed on Friday gold and silver coins emblematic of the life and legacy of Mark Twain.

    Mark Twain was the pen name for Samuel Clemens, whose many works are still mostly in print after nearly a century past his death in 1910. Clemens is one of the best known Americans in the world with over 6,500 editions of his books translated into 75 languages.

    The commemorative uncirculated and proof coins for collectors would be issued in 2010, which is the year marking both the 175th anniversary of Mark Twain’s birth and the 125th anniversary of the publication of Adventures of Huckleberry Finn.

    Source: CoinNews.net


  4. Gold, silver and platinum fall as stocks rally

    September 30, 2008 by jasonogrady

    Bullion update ...New York precious metals retreated Tuesday as stocks rallied and the U.S. dollar surged amid hopes the passage of a financial rescue plan is still possible from Capital Hill. Nymex silver, gold and platinum futures lost, 5.8 percent, 1.5 percent, and 5.6 percent, respectively.

    November crude-oil recovered from Monday’s more than $10 loss to settle to $100.64 per barrel, gaining $4.27, or 4.4 percent. Its lowest point for the day was $97.80.

    December silver staggered down 75 cents to close to $12.28 an ounce.

    October platinum plunged $59.90 to end at $1,015.10 an ounce.

    December gold lost $13.60 to settle at $880.80 an ounce.

    As always, track bullion prices at Kitco.com.

    Source: CoinNews.net


  5. 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


  6. Gold drops below $800 for first time since Oct. 2007

    August 16, 2008 by admin

    Gold dropped below US$800 per ounce Friday for the first time since 26 October 2007. A sell off of more than US$100 per ounce since 1 August. According to the AP reasons for the drop include the strengthening U.S. dollar, crude oil easing from its record levels and signs that worst may be over for the slumping U.S. economy.

    The greenback’s comeback has hit gold particularly hard. Gold for December delivery dropped $22.40 to settle at $792.10 an ounce on the New York Mercantile Exchange, after earlier falling to $777.70, its lowest level since October. As recently as March, the price of gold was well over $1,000 an ounce.

    Other precious metals traded mixed Friday. Silver for December delivery shed $1.43 to settle at $12.93 on the Nymex, its lowest close since almost a year ago, while September copper rose 1.65 cents to settle at $3.2925 a pound.

    The best place to check precious metals is at http://www.kitco.com/market/

    Below is a chart from Friday 15 August 2008:


  7. Commodity prices on the way back up

    July 1, 2008 by admin

    http://www.goldresources.net/themes/layout-1-left/images/goldbars.jpg

    New York gold and silver are rising sharply again. Let’s look at the recent price increases:

    • 04 June 2008 – Gold – $876 per ounce, Silver – $16.72 per ounce.
    • 23 June 2008 – Gold – $887 per ounce, Silver – $16.79 per ounce.
    • 28 June 2008 – Gold – $920 per ounce, Silver – $17.40 per ounce.
    • 01 July 2008 – Gold – $940 per ounce, Silver – $18.09 per ounce.

    Gold is up $64 per ounce (6.8 percent), and silver is up $1.37 per ounce (7.6 percent) since our last meeting.

    Keep up with daily prices at Kitco.


  8. Mint to unveil 2009 Ultra High Relief Double Eagle gold coin in Baltimore

    June 24, 2008 by admin

    http://www.coinlink.com/News/images/new_high_releif_saint.jpgThe United States Mint has chosen the nation’s largest coin show in Baltimore, Md., this summer to unveil the much-anticipated 2009 Ultra High Relief Double Eagle gold coin-a modern version of what many call the most beautiful gold piece ever created.  United States Mint Director Ed Moy will participate in the Opening Ceremony of the American Numismatic Association’s World’s Fair of Money on Wednesday, July 30, 2008, at 9:30 a.m. and then officially open the United States Mint exhibit.  The display at the United States Mint booth will show the development of this modern masterpiece-a one-ounce 24-karat (.9999 pure) gold Ultra High Relief Double Eagle.

    Aided by advancements in technology, the United States Mint now can produce in quantity the ultra high relief coin envisioned, but never fully realized, by renowned sculptor Augustus Saint-Gaudens in the early 20th century.  The collectible coin will be about 50 percent thicker than other United States Mint one-ounce gold coins to achieve the greater depth and relief to which Saint-Gaudens aspired.  Visitors will be able to feel the ultra high relief on a plaster of the coin that will be featured at the exhibit.

    The World’s Fair of Money runs from July 30 – August 3, 2008 at the Baltimore Convention Center, One West Pratt Street – Baltimore, Maryland – 21201. Phone: 410-649-7000.

    Read the rest of the press release at the U.S. Mint web site.


  9. NASA silver and gold coins coming soon

    June 22, 2008 by admin

    NASA commemorative coin symbolCoin legislation entitled NASA 50th Anniversary Commemorative Coin Act (S. 2159) should receive the President’s signature in short order.

    The Senate unanimously passed the act on Thursday, June 19, which follows unanimous passage by the House for the same named bill on July 30, 2007.

    The legislation authorizes the United States Mint to issue:

    • 300,000 silver $1 dollar coins from each of 9 designs, and
    • 50,000 $50 one-ounce gold coins

    The NASA commemoratives would be minted in “proof quality only.” The proposed nine various designs for the silver coins add an extra level of intrigue to these commemoratives that is sure to peak interest.

    Source: CoinNews.net


  10. Spain claims $500M in shipwreck coins

    May 9, 2008 by admin

    http://www.underwaterhangover.com/images/odyssey-marine-exploration_1822.jpg

    MADRID, Spain (AP) – Spain is laying formal claim to a shipwreck that yielded an estimated $500 million in treasure. Spain claims it has proof the vessel is Spanish and wants a Florida deep-sea exploration firm that recovered the booty give it all back.

    Spanish officials say the 19th-century shipwreck at the heart of a year-old dispute with Odyssey Marine Exploration of Tampa is without a doubt the Nuestra Senora de las Mercedes. The Spanish warship was sunk by the British navy southwest of Portugal in 1804 with more than 200 people on board.

    A U.S. federal judge will convene the two parties to review the case before deciding who gets to keep the treasure, now held in a warehouse in Tampa.

    Odyssey officials maintain there isn’t enough evidence to prove the vessel is the Mercedes, mainly because there is no hull. They say they’ve found only cargo from a shipwreck, not the actual vessel.

    Source: AP

    Tonnen solcher Goldmünzen vermut das Odyssey-Team an Bord des britischen Kriegsschiffs Sussex

    Odyssey Marine has an FAQ about the shipwreck, code-named “Black Swan,” on their Web site.

    Since the announcement by Odyssey Marine Exploration, Inc. (AMEX:OMR) of the recovery of over 500,000 coins from the shipwreck code-named “Black Swan“, intense international media coverage has led to many questions that the Company would like to address. In addition to the following questions and answers, additional information on the shipwreck can be accessed in the “Black Swan Question and Answer” section of Odyssey’s website at shipwreck.net, or a copy may be obtained by contacting the Company.