Tuesday, July 28 2020
By GCRU Gold News on Tuesday, July 28 2020, 04:27
The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.
The Mint’s West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow coin production there for the next 12 to 18 months, the document shows. The facility is no longer able to produce gold and silver coins at the same time, forcing it to choose one metal over the other, according to the document, which was presented to companies authorized to buy coins from the Mint last week.
Wednesday, January 2 2019
By GCRU Gold News on Wednesday, January 2 2019, 07:04
U.S. Mint sales of American Eagle gold and silver coins dropped to their lowest in 11 years during 2018, U.S. Mint data showed on Monday, as investors favored higher-yielding assets, despite global stock and bond market volatility late in the year.
Thursday, March 1 2018
By GCRU Gold News on Thursday, March 1 2018, 02:38
February sales of U.S. Mint American Eagle gold coins fell 80 percent from the same month a year earlier, the slowest February sales in 11 years, while February silver coin sales fell to the lowest since 2008, government data showed on Wednesday.
The U.S. Mint data showed sales of American Eagle gold coins totaled 5,500 ounces in February, down 90.6 percent from the previous month when 58,500 ounces were sold. The year prior, 27,500 ounces were sold.
Friday, May 26 2017
By GCRU Gold News on Friday, May 26 2017, 23:38
The strong consumption in 2016, in that respect, is decidedly a continuation of a well-established trend that began in 2008. For gold, 2016 was the fifth best year on record in terms of sales and in a virtual dead heat with 2015. For silver, 2016 was the fifth best year on record coming after last year’s record sales. Since 2016 was a relatively calm year in financial markets, the question arises how high demand might go if another crisis were to suddenly ignite.
Sunday, February 26 2017
By GCRU Gold News on Sunday, February 26 2017, 02:10
The Royal Canadian Mint just isn't making the money it used to.
Despite the problems, the mint's sales of gold bullion are strong, as are sales of circulation coins to foreign governments, according to spokesperson Christine Aquino.
"Currently, all three plating lines at the mint's Winnipeg plant are fully operational, and 70 new full-time positions have been added in Winnipeg as a result of increased foreign sales."
Thursday, February 16 2017
By GCRU Gold News on Thursday, February 16 2017, 03:31
The Perth Mint, which refines nearly all the bullion output from the world’s second-biggest producer, sees rising sales this year as global concerns trigger demand for haven assets.
Uncertainty over the new leadership in the U.S. and concerns over bank debt issues in Europe, as well as a drop in prices and demand for special edition Lunar New Year coins, helped boost sales recently, said Neil Vance, group manager of minted products at The Perth Mint. About 80 percent of the mint’s coins and minted bars are exported to the U.S. and Germany, he said.
Saturday, January 14 2017
By GCRU Gold News on Saturday, January 14 2017, 00:17
The United States Mint will release a commemorative gold coin in April that will feature Lady Liberty as a black woman, marking the first time that she has been depicted as anything other than white on the nation’s currency.
Wednesday, December 7 2016
By GCRU Gold News on Wednesday, December 7 2016, 21:51
Sellouts for some Mint gold and silver bullion coins have been announced.
The gold 2016 American Eagle in one-ounce, quarter-ounce and tenth-ounce sizes are gone.
Wednesday, November 2 2016
By GCRU Gold News on Wednesday, November 2 2016, 23:19
The South African Mint will produce its first silver Krugerrand this month.
This is a first for the SA Mint. It has been making gold Krugerrands for almost five decades.
The South African Mint is the world’s largest maker of gold coins.
Tuesday, October 25 2016
By GCRU Gold News on Tuesday, October 25 2016, 02:06
An 18th-century gold coin worth up to £250,000 has been discovered in a child’s pirate treasure collection.
The anonymous owner had been given the rare Queen Anne Vigo five guinea piece as a youngster by his grandfather.
With no idea of its value he kept it in his toy box for pirate games, until it was packed away and forgotten about.
Monday, April 18 2016
By GCRU Gold News on Monday, April 18 2016, 23:34
The Austrian Mint sold 1.3 million ounces of gold in 2015. This was up 215% from 2014 when the Austrian Mint sold 910 million ounces of gold. Austrian Mint gold sales in 2015 exceeded the combined 2015 U.S. Mint American Gold Eagle and Perth Mint gold sales.
Austrian Mint spokeswoman Andrea Lang told Bloomberg News that the Austrian Mint’s gold sales were a reaction to the negative interest rates instituted across the European Union. A common knock against gold is that it doesn’t pay interest. That complaint is neutralized when gold is compared against cash deposits, which lose money by remaining in bank accounts and are subject to potential “bail-ins” whereby depositors may lose some of their deposits if the banks where they keep their money become insolvent.
Saturday, April 9 2016
By GCRU Gold News on Saturday, April 9 2016, 07:21
2015 Austrian Mint Gold Sales Rose 215% From 2014.
The Austrian Mint sold a record 1.32 million ounces of gold in 2015.
Wednesday, April 6 2016
By GCRU Gold News on Wednesday, April 6 2016, 00:30
Indian Overseas Bank (IOB) announced that it will begin issuing the Indian Gold Coin, a new bullion offering that will come in denominations of 5, 10, and 20 grams.
The 0.999-fine 24-karat coins will be India’s first-ever national gold coins and boast two culturally iconic images: a portrait of Indian independence movement leader Mahatma Gandhi and a depiction of the Ashoka Chakra, a 24-spoked circular emblem from Buddhism that represents the “wheel of the law”. It is one of the national symbols of India, and has appeared on both coins and currency.
Tuesday, January 12 2016
By GCRU Gold News on Tuesday, January 12 2016, 05:24
According to the Mint, more than half of the week's allocation of silver sold on Monday, the first day of 2016 sales, a sign that demand entering 2016 is literally off the charts.
First-day sales of American Eagle gold bullion coins was also unprecedented, with the 60,000 ounces sold equal to roughly 75% of the 81,000 that sold in the entire month of January 2015.
Tuesday, December 1 2015
By GCRU Gold News on Tuesday, December 1 2015, 02:41
The mint sold 97,000 ounces of American Eagle gold coins in November, up 185 percent from October and 62 percent higher from a year ago, after selling out of most of the 2015-dated coins as falling bullion prices attracted buyers.
Demand for American Eagle silver coins has also been strong, with year-to-date sales already reaching an annual record at 44.67 million ounces, breaking the full-year record of 44 million ounces in 2014.