U.S. Mint American Eagle Silver Bullion Coin Sales Reach All Time High

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Liberty-1-ObverseWASHINGTON – The United States Mint (Mint) today announced record sales of American Eagle Silver Bullion Coins for the third consecutive year.

Once again, global demand for the American Eagle Silver Bullion Coins drove sales to a record high, this year reaching 47,000,000, surpassing the 44,006,000 ounces sold in 2014 and the 42,675,000 ounces sold in 2013. The Mint broke last year’s record Nov. 30 when sales reached 44,666,500.

To add further perspective to the demand for Silver Bullion Coins, for the first 22 years of the American Eagle Silver Bullion Coin Program, the Mint typically sold between three million and 10 million ounces per year. Since 2007, sales have increased nearly five-fold from 9,887,000 in 2007 to more than 44 million last year…Read More (US MINT)

Gold price fall and market panic sparks bullion ‘buying spree’ in China

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China's historic devaluation of the yuan this summer fuelled a gold bar and coin "buying spree" Photo: EPA
China’s historic devaluation of the yuan this summer fuelled a gold bar and coin “buying spree” Photo: EPA

 

China’s historic devaluation of the yuan this summer fuelled a gold bar and coin “buying spree” in the country as investors sought to shelter themselves from further market volatility, according to the World Gold Council.

Lower gold prices pushed up overall gold demand by 8pc in the third quarter to 1,120.9 tonnes compared with a year earlier, following an early sell-off by Western investors anticipating a US interest rate rise.

This represents the strongest demand since the second quarter of 2013.Read More (UK Telegraph)

China finds estimated 470 tons/$16 billion underwater gold deposit in Bohai Sea

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The Great Wall of China ending in the Bohai Sea
The Great Wall of China ending in the Bohai Sea

 

China has made its first subsea gold discovery with the location of a multi-billion-dollar gold deposit in the water of the Bohai Sea. The deposit is estimated to contain over 470 tons of gold in 2,000 meters of water.

Recovering the gold will be challenging for the nation and could require more than 1,000 people working simultaneously, reports China Daily.

New Mexico Millionaire Lures Treasure Hunters With Hidden Chest

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More than five years ago, art collector and author Forrest Fenn decided to hide a treasure chest in the Rocky Mountains. Since then, he says tens of thousands of people have tried to find it.

The 84-year old millionaire, who lives in Santa Fe, New Mexico, left clues in his book, “The Thrill of the Chase” — but so far, no one has been successful.

“I think it’s out of control,” Fenn told ABC Albuquerque affiliate KOAT, estimating that 30,000 people looked for the treasure last summer and that 50,000 may look for the treasure this summer.

Fenn has never revealed the value of the treasure chest — which measures 10 inches by 10 inches — but the New Mexico Tourism Department estimates the value to be as much as $2 million…Read More (AbcNews.go.com)

Oregon: Blind woman + metal detector = buried treasure

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Roberts, who is legally blind, is tuned into the beeps of her metal detector, digging up what others cannot see. (Brian Davies/The Register-Guard)

An 1898 Indian Head penny. A pinback button from the Loyal Legion of Loggers and Lumbermen, circa 1917. A student’s 1987-88 Churchill High School ID card. A still-full nitrous oxide tank.

Those are just some of the hundreds, maybe thousands, of things Janet Roberts has unearthed with her metal detector on Skinner Butte during the past year or so.“It’s amazing what you can find out there,” says Roberts, 58, a longtime PeaceHealth employee…MORE (Register-Guard)

 

Wales: Man found Bronze Age ring in Rossett field…then discovered another in same spot nine months later

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Gary Porter: A metal detector enthusiast discovered a Bronze Age lock ring in a field in Rossett – and then found another in the same spot nine months later.

John Adamson, who has been hunting ancient artefacts since the age of 12, says he was “overjoyed” by his discoveries, which date back some 3,000 years to between 1,000 BC and 800 BC.

Only four of the gold penannular rings had ever been found in Wales prior to the 47-year-old’s double discovery.

The fitter from Runcorn came across the first lock ring within 45 minutes of scouring farm land in Rossett on June 1, 2012, a treasure inquest at Ruthin heard today…Read More (DailyPost.co.uk)

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