Author Archive: Gainesvillecoins.com

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National Treasure – Was Colonial Treasure Buried in Philly?

National Treasure – Was Colonial Treasure Buried in Philly?

By Everett Millman – Gainesville Coins ……….   Amid the many historical sites and abundance of artifacts from the American Revolution to be found in the heart of Philly, you may also find a stash of Spanish gold and silver coins somewhere. A mysterious letter that dates to 300 years ago may hold clues to […]

Anti-Counterfeiting: New Techs Fight Fake Coins

Anti-Counterfeiting: New Techs Fight Fake Coins

By Steven Cochran for Gainesville Coins ……   As The Royal Mint begins production of a new 12-sided £1 coin made with their recently-patented anti-counterfeiting measures, it seems like a good time to look at some of the recent technologies being used to fight fake coins. Quitting the Old Quid The Royal Mint’s campaign to […]

World Precious Metals – Indian Temple Deposits Gold

World Precious Metals – Indian Temple Deposits Gold

By Everett Millman – Gainesville Coins ……….   The government of India may have finally gotten a break regarding its attempts to monetize the country’s vast quantities of “idle” gold. While it is estimated that the public in India holds a staggering 20,000 metric tonnes of gold (or more), a considerable portion of these savings […]

World Precious Metals Market – Is Russia Planning a Gold Ruble?

World Precious Metals Market – Is Russia Planning a Gold Ruble?

By Everett Millman – Gainesville Coins ……….   Over the past five to seven years, there has been a consistent flow of gold bars out of Western vaults in New York and London. The destination of this gold bullion has been the East—especially China, Russia, and Russia’s closest Eurasian allies. One question that the past […]

Treasure Coin News – Oldest European Shipwreck Discovered

Treasure Coin News – Oldest European Shipwreck Discovered

By Everett Millman – Gainesville Coins ……….   The oldest shipwreck that dates back to Europe’s “Age of Exploration,” which traces its origins to the 15th century, has been discovered in waters off the coast of Oman, a country situated in the southeast portion of the Arabian Peninsula. A wealth of fantastic artifacts have been […]

Gold Treasure Myth Captivates Paraguay

Gold Treasure Myth Captivates Paraguay

By Everett Millman – Gainesville Coins ……….   Modern myths don’t die easy in Paraguay, particularly when they deal with gold bullion and buried treasure. The legend of the hidden treasure dates to the War of the Triple Alliance–often known simply as the Paraguayan War or the “Great War” to locals–fought from 1864 to 1870 […]

Bangladesh Bank Hacked for $81 Million

Bangladesh Bank Hacked for $81 Million

By Everett Millman – Gainesville Coins ……….   The region of Southeast Asia has earned a reputation, fairly or unfairly, for financial fraud and corruption. Situated on the other side of the globe from Western financial centers but close enough to important hubs like Hong Kong, an increasing amount of illicit financial activity now takes […]

Counterfeit Gold – Beware of Fake PAMP Gold Bars

Counterfeit Gold – Beware of Fake PAMP Gold Bars

By Everett Millman – Gainesville Coins ……….   A new wave of counterfeit PAMP Suisse gold bars are making the rounds. These new fakes show much better quality than earlier attempts, especially with the packaging. Previous fake PAMP gold bars have been easily detected when compared to the real thing (see image, below). These new […]

Mint Cancels 2015 Limited Edition Silver Proof Sets

Mint Cancels 2015 Limited Edition Silver Proof Sets

By Everett Millman – Gainesville Coins ……….   The United States Mint has decided it will not release one of its premium items, the Limited Editions Silver Proof Set, in 2015. The product’s expected released was previously listed as “To Be Determined” on the mint’s website. A combination of factors have contributed to the decision, […]

China Finds Undersea Gold Deposit Worth Billions

China Finds Undersea Gold Deposit Worth Billions

Courtesy of  Everett Millman and  GainesvilleCoins.com ….   Just when you thought China’s pursuit of gold couldn’t get any more relentless, a fantastic discovery is made beneath the country’s waters. The largest-ever known undersea gold deposit has been confirmed beneath the East China Sea after three years of exploring, planning, drilling and excavating. The discovery […]

Millions of Ancient Chinese Copper Coins Discovered

Millions of Ancient Chinese Copper Coins Discovered

Researchers sift through huge piles of the copper coins. Source: ecns.cn By Everett Millman for Gainesvillecoins.com….   Most of the time when we hear about a large discovery of long-forgotten coins, they are found in Europe or the Middle East (with their thousands of years of history using coins), or even along the east coast […]

Atlas 1 oz Suisse Design Gold Bar Manufactured By PAMP

Atlas 1 oz Suisse Design Gold Bar Manufactured By PAMP

Gold bars don’t all have to be the same, and Gainesville Coins has partnered with renowned Swiss refinery PAMP Suisse in order to exclusively bring your the 2016 Atlas 1 oz gold bar! Each of these exquisitely minted gold bars is struck using .9999 fine (99.99% pure) gold for a total actual metal weight of […]

Gold Market Finding Stable Footing

Gold Market Finding Stable Footing

by Everett Millman for Gainesvillecoins.com……. The gold price briefly sank to a 3-week low in overnight trading as the gold market attempts to establish new support levels. The metal fell below the $1,150/oz mark as the week winds down on renewed expectations of a December rate hike from the Federal Reserve. While investors with a […]

The Silver Shortage Hits Sunshine Minting

The Silver Shortage Hits Sunshine Minting

By Everett Millman – GainesvilleCoins.com….   It’s been a frustrating few months for retail silver buyers and silver stackers of all stripes. In virtually every corner of the planet, access to government-issued silver coins has been stuck in an unprecedented crunch. It’s not a development that has been isolated to one particular region or one […]

Market Overshoots on Platinum Group Metals

Market Overshoots on Platinum Group Metals

by Everett Millman for Gainesville Coins …….. There’s no doubt that platinum and palladium, the oft-forgotten sister metals of the Platinum Group, are almost always overshadowed by their precious metal cousins, gold and silver. There are several disadvantages that work against the Platinum Group Metals (PGMs), including how hard they are to work with (as […]

India to Issue Its Own Gold Bullion Coin

India to Issue Its Own Gold Bullion Coin

By Everett Millman for Gainesville Coins….   You may have heard that India has a long tradition of being a virtual “black hole” for gold: the yellow metal consistently flows into the country, but never leaves. This has been the case not just for as far back as recent memory reaches, but all the way […]

Silver Bullion -NEW 100 oz poured silver bars to be available from Asahi

Silver Bullion -NEW 100 oz poured silver bars to be available from Asahi

The Johnson Matthey 100 oz poured silver bar has been the “gold standard” of physical silver assets for decades. When news broke last December that JM was selling its precious metals refining business to Japanese firm Asahi Holdings, silver investors were worried that the storied JM 100 oz bar was no more. There’s nothing to […]

Gainesville Coins Weekly Update – July 24, 2015

Gainesville Coins Weekly Update – July 24, 2015

ABSTRACT: Amid continued risk-off sentiment in the markets following an easing of geopolitical tensions, the precious metals sunk even further this week. The attention of investors, however, turns to the likelihood of an increase to the federal funds rate in September. Stock indices in the U.S. slumped on mixed corporate earnings data, while a strong […]

Gainesville Coins Weekly Update – July 18, 2015

Gainesville Coins Weekly Update – July 18, 2015

ABSTRACT: The major, immediate risks for the global economy seemed to reach “risk-off” status this week: China’s main stock index recovered 6.2% while Greece and its creditors agreed to a $7-billion bridge loan. These developments helped plunge the precious metals into the red each trading day this week. ========================= GOVERNMENT & POLICY News & Notes […]

Gainesville Coins Weekly Update – July 12, 2015

Gainesville Coins Weekly Update – July 12, 2015

ABSTRACT: The global markets had nowhere to go but up this week following a rout that carried over to at least Wednesday before reversing direction. Despite this modest recovery, investors remain uncertain about the health of the Chinese equities market and the potential for Greece to reach a new deal with its creditors by Sunday’s […]

Gainesville Coins Weekly Update – July 4, 2015

Gainesville Coins Weekly Update – July 4, 2015

ABSTRACT: Given Greece’s debt quagmire and China’s equity bubble seemingly popping, the global markets tried to negotiate through a wave of negative momentum this week. U.S. markets were buoyed by encouraging employment and housing data, while the precious metals diverged, with platinum and silver advancing while gold and palladium slipped lower. ====================== GOVERNMENT & POLICY […]

Gainesville Coins Weekly Update – June 25, 2015

Gainesville Coins Weekly Update – June 25, 2015

  Undulating sentiment regarding the chances of a Greek default or a new bailout deal dominated the headlines yet again this week, swinging from optimism to despair and back again in the course of just a few days. Aside from volatility in Greece and a sharp correction in the Chinese markets, stocks, bonds, and commodities […]

Gainesville Coins Weekly Update – June 19, 2015

Gainesville Coins Weekly Update – June 19, 2015

by Everett Millman – Gainesville Coins   ABSTRACT: After opening the week in negative territory, U.S. stock indices and the precious metals recovered together as the dollar softened against its major peers. Conversely, Chinese equities on the Shanghai index sank into a sudden–though nonetheless unsurprising–correction. Volatile swings have returned to the world markets as the […]

Why Do Some Precious Metals Products Have Higher Premiums Than Others?

Why Do Some Precious Metals Products Have Higher Premiums Than Others?

By GainesvilleCoins Learning Center ……… You may notice while browsing a precious metals dealer’s website that nearly all of the products cost more than the spot price of the metal contained in them. This premium is over spot price is simply a fact of life when buying bullion, but why are premiums sometimes seemingly inconsistent? […]

Gainesville Coins Weekly Update – June 12, 2015

Gainesville Coins Weekly Update – June 12, 2015

by Everett Millman – Gainesville Coins ABSTRACT: Both U.S. stock indices and global bonds swung back into positive territory after a recent bearish hangover set the scene for a rocky start to the week. Though the case remains strong for an eventual correction in equities, not only in North America but in Asia as well, […]

Gainesville Coins Market Update: June 1-5, 2015

Gainesville Coins Market Update: June 1-5, 2015

ABSTRACT: The current rout in the bond markets continued into its sixth week with rapidly rising yields and increased volatility in government bonds. Despite the outflow of funds from the typical safety net of government-issued debt, both stocks and commodities like crude oil and precious metals tracked lower throughout the week. =========================== GOVERNMENT & POLICY […]

Infographic – Assessing the Potential Risk of a Greek Default

Infographic – Assessing the Potential Risk of a Greek Default

Presented and produced by Gainesvillecoins.com …….   On Friday, April 24, the finance ministers of Europe once again met to discuss the fate of Greece’s bailout program. Although no definitive course of action was expected to come out of this meeting, it was yet another chance to assess the potential consequences if indeed the Greek […]

Gainesville Coins Market Update: May 22-29, 2015

Gainesville Coins Market Update: May 22-29, 2015

The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]

Gainesville Coins Market Update: May 18-22, 2015

Gainesville Coins Market Update: May 18-22, 2015

By Gainesville Coins….   It was a largely flat week for equities as trading volumes dropped ahead of the holiday weekend in the U.S. Large investors seem to be staying on the sidelines in the stock market, while the bond market remains uncertain after last week’s sell-off. The precious metals gave back much of last […]

Gainesville Coins Market Update: May 11-15, 2015

Gainesville Coins Market Update: May 11-15, 2015

By Gainesville Coins….   The dollar pulled back from its recent bull run, helping both crude oil prices and precious metals advance. Equities were mostly sideways this week as economic indicators in the U.S. continued to disappoint. GOVERNMENT & POLICY The Price Tag for Bad Behavior by Big Banks There are certain forms of crime, […]

 
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