Silver | New Coin Releases

Tag Archives: Silver

PNG Dealers See $1,460+ Gold At Year’s End

(Temecula, California) January 25, 2018 – Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (www.PNGdealers.org).

Photo credit for the image of the obverse of a ​one​ ounce 2018 U.S. American Eagle $50 denomination gold coin: Photo courtesy of Numismatic Guaranty Corporation, www.NGCcoin.com.

Members of the Guild’s Accredited Precious Metals Dealer program (www.APMDdealers.org) were asked if their estimates for precious metals prices at the end of 2018 now had changed since the year-end New York spot closing prices on December 29, 2017.  Several respondents indicated they have increased their 2018 year-end projections for gold in the last few weeks because of such things as speculation about additional Federal Reserve interest hikes, potentially higher oil prices, higher inflation in the United States and Europe or a weaker U.S. dollar.

 “A majority of the respondents, who are on the front lines of buying and selling physical precious metals coins and ingots with the public, have slightly revised their estimates upward. Of course, prices fluctuate during the year, but the average of their estimates now is for gold to be $1,461.33 an ounce at the end of 2018.  Gold ended 2017 at $1,306.30, so a predicted close at $1,461.33 would be a $155.03 increase; 11.8 percent,” said PNG President Barry Stuppler.

Two of the 25 respondents thought gold would be a little lower than $1,400 by year’s end, and three thought it could be $1,500 or more. 

Estimates on silver by the end of the year varied quite a bit, from a low of $16.25 to a predicted high of $30.70. The combined average estimate for the end of 2018 was $20.00. Silver closed in New York at $17.06 at the end of 2017.

Estimates for platinum by the end of 2018 ranged from a low of $1,000 to a high of $1,400, with the combined average estimate at $1,150.23. Platinum closed at $935 at the end of New York spot trading in 2017.

“Precious metals investors should consider cost averaging by making purchases over intervals of time, and always be mindful of the premiums being charged over the intrinsic value of the precious metal coins or ingots. You absolutely need to know your precious metals dealer,” advised Stuppler.

All members of the Professional Numismatists Guild Accredited Precious Metals Dealer (PNG-APMD) program undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and guarantee the authenticity of the numismatic merchandise they sell.

A directory of PNG-APMD members can be found at https://apmddealers.org/apmd-dealers.

Experts’ Three Tips To Avoid Gold Scams – According to Professional Numismatists Guild

(Temecula, California) September 12, 2017 – Following the recent fraud charges filed by the Commodity Futures Trading Commission against a California gold seller, a trade group composed of veteran precious metals experts is urging investors to take three important steps before making any purchases of gold, silver or platinum ​bullion ​coins or ingots.
 
“To avoid paying too much when you buy or receiving too little when you sell, and to avoid potential scams, investors absolutely must know the credentials of the bullion dealer, not just what the dealer may tout on TV advertisements or with a fancy website,” cautioned Barry Stuppler of Woodland Hills, California, President of the nonprofit Professional Numismatists Guild (www.PNGdealers.org).  “If you don’t know gold, you’d better know your gold dealer,” Stuppler emphasized.
 
The Temecula, California-based Professional Numismatists Guild (PNG) was founded in 1955.  Two years ago, PNG established an Accredited Precious Metals Dealer program, APMD (www.APMDdealers.org), to provide consumer and investor protection in the marketplace.  APMD members must adhere to a strict Code of Ethics (https://apmddealers.org/apmd-code-of-ethics/) in the buying and selling of precious metals. The firm that was recently sued by the CFTC is not a member of the APMD program.
 
“The second step investors must take is know the current spot price of the precious metal they want to buy or sell. Bullion items, such as the American Eagle, Canadian Maple Leaf and South African Krugerrand usually sell for only about three to five percent above the current spot price depending on the quantity purchased. Beware of high-pressure selling prices that would force you to wait for gold or silver to double or triple in value before you could make a profit,” warned Stuppler.
 
“The third step is to take prompt delivery of the bullion items you purchase. Be wary of sellers who want to keep and store your gold, or claim it will take months to deliver items to you. The reason many people buy precious metal coins and ingots is because of their liquidity, but if you don’t have possession of the items then you can’t act quickly when you want to sell,” said Stuppler who also is President of the California Coin and Bullion Merchants Association.
 
For additional information about the Accredited Precious Metals Dealer program, call the Professional Numismatists Guild at 951-587-8300 or visit www.APMDdealers.org. A list of APMD member-dealers is online at https://apmddealers.org/apmd-dealers

Gold, Silver Rebound; Fort Moultrie 5 oz. Bullion Coin Debuts

Gold futures advanced on Tuesday for the first time in seven sessions, bouncing from an almost 5-1/2-month low. Gold for December delivery climbed $ 2.80, or 0.2%, to settle at $ 1,224.50 an ounce on…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

Gold and Silver Prices Near 5-1/2-Month Lows

Gold futures declined Monday, marking a fresh, more than five-month low and driving their losing streak to six sessions. Gold for December delivery lost $ 2.60, or 0.2%, to close at $ 1,221.70 an…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

SOLD OUT Latest silver coin sell outs at The Perth Mint

The following collector coin releases are now sold out at The Perth Mint.

 loki_solod-outNorse Gods &#8211 Loki
2016 2oz Silver High Relief Antiqued Coin
Highest Mintage:  2,000
 fiveblessings_sold-out5 Blessings
2016 1oz Silver Coin
Maximum Mintage: 10,000

Spacer
Submit A COMMENT

&nbsp

The Perth Mint Coin Collector

Gold, Silver and Platinum Tumble on Week; US Mint Bullion Sales Mixed

Gold futures declined Friday to a more than five-month low, extending their losing streak to five straight sessions and marking their largest weekly decline in nearly three and a half years. Gold…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

Gold Falls to More Than 2-Week Low; Silver Hits 5-Week High

Gold and silver futures were mixed yet again Thursday. Gold fell for a fourth day in a row and logged a more than two-week low while silver extended its winning streak to three sessions and closed at…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

US Mint Sales: 2016 Annual Sets and Silver Eagles Lead

Core annual sets and American Silver Eagles topped United States Mint sales charts. For a third week in a row, the 2016 Proof Set led the pack. Proof Silver Eagles followed. Elsewhere, sales…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

US Mint Hosts 2017 Lions Clubs Silver Dollar First Strike Ceremony

Today, Nov. 9, the United States Mint hosted a ceremonial striking event for the 2017 commemorative coin program honoring the 100th anniversary of the founding of Lions Clubs International, the…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

Gold Eases 0.4% Lower, Silver Rises 1.1%

Gold futures fell for a second session in row Tuesday. Other precious metals climbed, led by a 1.4% increase in palladium. Gold for December delivery shed $ 4.90, or 0.4%, to settle at $ 1,274.50 an…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News