Bank Releases 100-Piso New Generation Currency Banknote with Stronger Mauve or Violet Color By Central Bank of the Philippines….. On Monday, February 1, the Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) issued 100-Piso banknotes with a stronger mauve or violet color to make it more distinct from the 1,000-Piso banknote. […] The post Central Bank of Philippines Issues New 100 Piso Banknote appeared first on CoinWeek.
Avrupa Minerals (TSXV:AVU) reported additional drill results from its current exploration program at the Sesmarias target area within its Avalade joint venture. The project is currently being operated by Avrupa and funded by Colt Resources (TSXV:GTP). As quoted in the press release: Analytical results from four diamond drill holes completed in late 2015 in the area of previously-drilled SES010 (58 meters @ 0.32% Cu, 0.61% Pb, 1.95% Zn, 0.45 g/t Au, 25 g/t Ag) confirm and extend the massive sulfide lens to a present length of 300 meters with a 35-40 meter thickness. The lens is open to the northwest [...]
The silver price fix debacle from last week and the new London silver price fix has received a litany of severe criticism in recent days.Perth Mint research director Bron Suchecki has done an excellent piece where he gathers together these "damming" criticisms and sums up the severe challenges facing the new silver price fix.Since my article on the LBMA Silver Price on Friday, more market participants have come out criticising the process:Afshin Nabavi, MKS: "People are going to lose all faith in the fix if this keeps going."Brad Yates, Elemetal: "When Thursday\'s number came in, people initially thought CME would [...]
This week we have updates in Morgan dollars, Buffalo nickels, gold type, Saint-Gaudens and more. Our review of Morgan dollars concludes this week starting with the year 1894 through the end of the series. The updates are mostly all positive, especially with Deep Mirror Proof Like coins. Buffalo nickels had been quiet for some time and with all of the recent activity to begin the year an update was necessary. Plus signs outweigh negative by more than three to one. Saint-Gaudens also have been thoroughly repriced with many price increases especially in the MS66 and MS67 grades, where the numbers [...]
Commentary for Wednesday, February 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.... Gold Markets closed up $17.30 on the Comex today at $1144.60. A big move which came later in the trading session after gold had traded in the $1130.00 range for half the trading day. Gold market continues […] The post Gold Markets – Gold Moves to 15 Week Highs, Closing Above its 200 DMA appeared first on CoinWeek.
By CoinWeek News Staff…. Current coin sales figures* from the U.S. Mint. Products listed are currently available for purchase. Items labeled ‘Out of Stock\' or ‘Sold Out\' on usmint.gov are not listed below. Sales figures for items older than 2010 are omitted from the Mint\'s online records and therefore not included here. Listings change over […] The post State of the Mint – U.S. Mint Coin Sales as of Jan. 31, 2016 appeared first on CoinWeek.
Back from Vienna, CoinWeek Editor Charles Morgan recaps his trip, discusses CoinWeek\'s video shoots at the Austrian Mint and at the Vienna Museumsquartier. Austrian Mint CEO Gerhard Starsich receives CoinWeek\'s Gold Award for Best Coin Design of 2015. An Uncool CoinWeek video goes viral. CoinWeek prepares for Pogue III. And CoinWeek celebrates its 1 millionth […] The post CoinWeek Weekly Report – February 2, 2015 – 4K Video appeared first on CoinWeek.
Precious metals have rallied nicely in recent trading sessions, with silver very briefly breaking through the $14.50 level. However, on Thursday, January 28, an obscure and unprecedented event occurred which managed to put the brakes on the rally and caused silver spot to flash-crash over 20 cents. On this day the afternoon London fix - the daily benchmark price at which many contracts are settled - was set at $13.58 per ounce despite the fact that the global spot price was $14.42 per ounce. This abnormally large spread in price undoubtedly caused those locked-in contracts to lose money and has [...]
At last week\'s Vancouver Resource Investment Conference (VRIC), the Investing News Network had the chance to speak with Todd Anthony, vice president of investor relations at First Majestic Silver (TSX:FR,NYSE:AG). With six producing mines in Mexico, the company is a major force in the silver market, and Anthony was able to comment on a number of key issues affecting the space. Notably, he touched on cuts to exploration spending, which have become necessary in today\'s low silver price environment. He also provided commentary on: Consolidation in the silver space: While Anthony thinks more consolidation is possible, he also noted that [...]
Some interesting research looking at intraday precious metal returns has just been published by Brian Lucey, Jonathan Batten, Maurice Peat, Frank McGroarty and Andrew Urquhart in a paper entitled "Stylized Facts Of Intraday Precious Metal Returns". The authors note in the paper that has just been published on the Social Science Research Network (SSRN) website, that"Precious metals are some of the most traded assets worldwide and they also play an important role for investor as well as comprising an important asset for central banks. Given the increased attention precious metals have received in the literature, the intraday dynamics are of [...]