Coin News Daily March 16, 2009

By CoinLink on Monday, March 16, 2009
Filed Under: Coin News Daily

World mints report soaring demand for gold coins
Reuters
Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook. The Royal Canadian Mint, which produces Maple Leaf bullion coins, said it quadrupled its production capacity late last year as demand for gold and silver bullion products leapt.
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Aggressive buying trends
BY Mark Ferguson for COIN VALUES
Collectively, dealers probably have want lists for millions of specific coins from hundreds of thousands of individual collectors. But coins on want lists don’t necessarily coincide with major buying trends in the dealer community that supply dealers with enough coins for specific promotions and to maintain inventories of coins that are routinely selling well. Let’s look at some of the current major buying trends within the U.S. coin market.
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Silver’s discount to gold sticks out like sore thumb
By Myra P. Saefong, MarketWatch
Silver’s trading at an eye-catching discount to gold these days, and some analysts have been debating whether the white metal is severely undervalued given its many industrial uses and its ability to double as a precious metal. Those are handy characteristics to have, especially in an economic environment where cash and investment options are short. And at about $13 per ounce, silver is cheap — trading more than 70 times less than gold at $900 an ounce.
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SYMPOSIUM HONORS MEDALLIST MARCEL JOVINE
E-Sylum
Dick Johnson submitted the following comments on the upcoming Monuments Conservancy symposium honoring Marcel Jovine. Dick is one of the speakers, which include a host of numismatic luminaries. -Editor If you are in or near New York City Friday, March 20, 2009, you might want to attend a free Symposium on one of America’s most creative coin and medal designers, Marcel Jovine. It takes place beginning at 9 am in the second floor auditorium, the Henry Luce Room, of the Time & Life Building at Rockefeller Center.
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Another Anti-trust Suit Facing ANA, PNG and eBay
Mike Ellis – Stella (PA)
Egads! Can you believe it? There is another anti-trust lawsuit filed against the ANA, PNG and eBay just like the one I reported a couple of weeks ago as having been settled out of court! The one just settled was filed in Florida. This one is filed in New York. Though not a new one, I was not aware there were two very similar cases filed against the defendants. Are there more? I sure hope not.
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US Mint suspends gold bullion coins sale
Commodity Online
The mad rush for gold coins has forced the United States Mint to suspend sale of several coins which have been in big demand following the rise in gold prices across the world. Even as the prices of the yellow metal soared across the globe due to the safe haven status of the metals, sale of gold coins witnessed a surge right from the beginning of the recession era.
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