U.S. Mint American Eagle Silver Bullion Coin Sales Reach All Time High
WASHINGTON – 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
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
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.
Leeds’ Anglo Saxon gold hoard to go on display
A “significant” hoard of Anglo Saxon gold unearthed by a metal detector in a Leeds field is to go on show.
Seven objects including four rings, which date between the seventh to 11th Centuries, were discovered in separate searches in 2008 and 2009. Read More (BBC)
India Unveils Its First Official Gold Coin Featuring Ashoka Chakra
Coins will be available in denominations of 5 and 10 grams while bar or bullion of 20 grams through MMTC outlets. The PM also launched the Gold Monetisation Scheme (GMS) and Sovereign Gold Bond Scheme.Read More (IndiaTimes.com)
Hoard of 1,000 year old silver coins found in England declared official treasure
The valuable collection dates back to the reign of Ethelred the Unready in the 990s, The declaration means that the finder, Paul Coleman, will get a large share of the expected £1.3million value.
The Lenborough Hoard is a hoard of more than 5,000 late Anglo-Saxon silver coins, dating to the eleventh century, that was found at Lenborough in Buckinghamshire, England in 2014. It is believed to be one of the largest hoards of Anglo-Saxon coins ever found in Britain. Read about The Lenborough Hoard at Wikipedia here.
Gold bar found by teenage girl in German lake
A 16-year-old holidaymaker has found a 500g (1lb) gold bar worth €16,000 (£11,500) while swimming in a lake in Germany, police say.The teenager discovered the precious metal at a depth of about 2m (6.5ft) near the shore of Bavaria’s Koenigssee lake on Friday.
She handed it into police who are now investigating where it came from and who owned it. MORE (BBC)
Inside the West Point Mint- 2 Billion Dollars of Gold Bars (From 2013)
June 6, 2013: After a one-day plunge in gold prices in April, demand for American Eagle gold coins soared, and the government ran out. Now, the coins are being minted again. Sharon Epperson reports for NBR on what goes into minting those investments.