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ONRCOINS
CoinWeek recently reported that the Professional Coin Grading Service (PCGS) released a companion app for its desktop site, http://www.PCGS.com/SetRegistry, the first free online tool developed to allow collectors to analyze coins and manage collections. The free app is compatible with iOS and Android phones and was released in conjunction with updates to the desktop site that increased the ease of mobile use.
100 years ago, Melvin Jones, a businessman and philanthropist, founded Lions Club International, an organization focused on service and community improvement worldwide. CoinWeek recently reported that in order to mark the centennial anniversary of its founding, designers from the U.S. Mint have created the 2017 Lions Clubs International Centennial commemorative silver dollar in keeping with the Lions Club International Century of Service Commemorative Coin Act (Public Law 112-181), passed by Congress in 2012. This uncirculated, Proof coin, struck at the Philadelphia Mint, is composed of 90% silver and has a maximum mintage of 400,000.
In less than 3 minutes, the U.S. Mint closed its sale of the 2017 Congratulations coin set, on Tuesday, April 4. Although the Mint did not immediately declare a “sellout” of the 75,000 available sets, many collectors who attempted to purchase the sets received messages that they were no longer available because orders had already met maximum mintage. The coins became accessible for purchase at 12 noon on April 4, and by 12:02 p.m., collectors’ orders were being met with the rejection message.
On March 16, the Commission of Fine Arts reviewed mock-ups of the 2017 American Eagle $25 palladium bullion coin guided by the enabling legislation of the American Eagle Palladium Bullion Coin Act of 2010, which authorizes and provides parameters for the production of palladium bullion coins.
Precious Metal Market Update: April 19 Gold Spot Price Open: $1,295 Gold Spot Price Close: $1,283 Change in Gold Spot Price: -$12 Silver Spot Price Open: $18.45 Silver Spot Price Close: $18.13 Change in Silver Spot Price: -$0.32 With tensions between the U.S. and Syria settling down and worries of a war with North Korea diminishing, precious metals have sustained a significant hit. In the past...
ONR Joins 400 Business Vendors and Exhibitors at Pittsburgh’s B2B Networking Event
During WWII, when copper was a metal needed for the war, the United States Mint began experimenting with other materials from which to make the penny. Plastic, rubber, and glass were among the tested materials before the mint settled on zinc-coated steel as a temporary alternative.
CoinWeek recently reported that 42 of the 50 highest grossing coins purchased at the most recent NYINC sale were certified by the Numismatic Guaranty Corporation® (NGC®). The results of the sale, held by Heritage Auctions and representing many countries and eras, were further evidence of the accuracy of the NGC’s grading system. The composite gain of all coin sales at the auction totaled around $15.6 million with almost 84% of that profit coming from NGC certified coins.
March 1, 2017
Gold Spot Price Open: $1,260
Gold Spot Price Close: $1,259
Change in Gold Spot Price: -$1
Silver Spot Price Open: $18.50
Silver Spot Price Close: $18.39
Change in Silver Spot Price: -$0.11
On January 12, coin collectors got their first look at the design of the 2017 American Liberty $100 coin, with Liberty portrayed as a young African-American woman for the first time in the United States Mint’s history.
According to Jim Wyckoff and Kitco News, the price of gold hit an almost two-month high early Tuesday, January 17. Also working in favor of the precious metal bulls is a currently weaker index for the U.S. dollar. Another positive for the precious metal market is the increasing value of Comex gold and silver. On the 17th, Comex gold was up $17.40 an ounce at the price of $1,213.70, and Comex silver saw an increase of $0.265 at $17.03 per ounce.
Kitco News reports that despite a weaker U.S. dollar, many market experts, such as gold strategist Joe Foster, a portfolio manager with Van Eck, believe that the environment for gold is a positive one that will allow it to establish a longer-term bull market in 2017.