TEMECULA, Calif., Dec. 27, 2011 /PRNewswire/ -- How will gold, silver and other precious metals perform in 2012? Year-end predictions by experts with decades of experience in buying and selling gold, silver and other bullion coins with the public almost unanimously point toward price increases. However, some of their opinions significantly vary on how high the increases will go in the next three months and a year from now, according to the Professional Numismatists Guild (www.PNGdealers.com), a half- century old, non-profit organization composed of the country's top rare coin and bullion coin dealers that conducted an opinion poll of its members.
Malcolm Weissburg hopes the coin collection he inherited from his grandfather 18 years ago will soon be the down payment on a new car. (The coins) have been sitting in my attic for years, so I figured I'd unload them while I had the chance," said Weissburg, 38, of Cherry, Butler County. "I need the money more than I need the memories.
NEW ORLEANS - A steamship that sank off the Louisiana coast during an 1846 storm has produced a trove of rare gold coins, including some produced at two mostly forgotten U.S. mints in the South, coin experts say. Last year, four Louisiana residents salvaged hundreds of gold coins and thousands of silver coins from the wreckage of the SS New York in about 60 feet of water in the Gulf of Mexico, said David Bowers, co-chairman of Stack's Rare Coins in New York.
CRESTLINE - He has at least 13 aliases, an affinity for high- stakes gambling and, according to sheriff's investigators, a knack at scamming coin dealers. Now 39-year-old Saint Jovite Youngblood of Crestline is behind bars.
BANGOR A depressed economy, high unemployment rate, and a gold price hovering around an all-time high have made it an ideal time for cash-strapped people to sell the precious metal. And if you have the money, its also a good time to buy gold, area coin dealers say.
BOSTON (AP) - In an economic downturn, it might be tough to get your head around this: rare sheets of $100,000 bills, fabulous gold treasures dating back to the California Gold Rush era, rare coins including those tied to the first stirrings for America's independence and federal government securities worth more than a billion dollars. That's the backdrop of the country's premier money show, the World's Fair of Money, which has brought about 1,000 coin dealers and hundreds of collectors to Boston, seeking to tap into the surprising resilience of the coin industry.
BOSTON - In a down economy, it might be tough to get your head around rare sheets of $100,000 bills, fabulous gold treasures dating back to the California Gold Rush era and federal government securities worth more than a billion dollars. That's the backdrop of the country's premier money show, the World's Fair of Money, which has brought about 1,000 coin dealers and hundreds of collectors to Boston, seeking to tap into the surprising resilience of the coin industry.
CRESTLINE - He has at least 13 aliases, an affinity for high- stakes gambling and, according to sheriff's investigators, a knack at scamming coin dealers. Now 39-year-old Saint Jovite Youngblood of Crestline is behind bars.
BLOOMINGTON - A new state law requiring coin and precious metals dealers to register before setting up buying events caught two dealers off guard when their Twin City events were canceled. Lisa Brandt of Scotsman Estate Buyers was set for a three-day event June 21 at a Bloomington hotel when two detectives with the McLean County Sheriff's Department notified her that her event could not open.
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