Tag: bullion sales

U.S. Mint to Put 2016 Silver Eagles on Hold

U.S. Mint to Put 2016 Silver Eagles on Hold

By Everett Millman – Gainesville Coins …….   As is usually the case during the last six weeks or so of the calendar year, the U.S. Mint is nearing the point where it will halt production of its premier silver bullion coin, the American Silver Eagle. 2016 Silver Eagle Sales Compared to the previous few […]

Royal Canadian Mint Continues to Generate Profits in 2nd Quarter 2016

Royal Canadian Mint Continues to Generate Profits in 2nd Quarter 2016

With its diversified businesses maintaining profitability, the Royal Canadian Mint remains on track to achieve its financial goals for the current fiscal year after announcing consolidated revenues of $1.54 billion and consolidated profit before taxes of $25.3 million in its 2016 Second Quarter Financial Report. Strong bullion sales continued to drive revenues, though these were […]

Business Profitability in 2015 Reinforces Royal Canadian Mint’s Future

Business Profitability in 2015 Reinforces Royal Canadian Mint’s Future

The Royal Canadian Mint once again demonstrated strong business performance in 2015 thanks to excellent bullion and numismatics sales. Though a $65.5 million non-cash impairment charge resulting from lower than anticipated future cash flows from the Mint’s circulation businesses offset profits, the Mint broke even in 2015. Strong cash generation from operations also allowed the […]

Austrian Mint Sees Record Sales of Gold, Silver Bullion Coins in 2015

Austrian Mint Sees Record Sales of Gold, Silver Bullion Coins in 2015

By Hubert Walker for Coinweek ….   Sales of gold bars and bullion coins at the Austrian Mint in 2015 were up 45% over the previous year’s total, with 1.32 million ounces sold. In 2014, the Austrian Mint sold 910,000 ounces. In an interview with Bloomberg, Mint spokesperson Andrea Lang states that the jump in […]

Record Demand for American Silver Eagles Eludes U.S. Mint

Record Demand for American Silver Eagles Eludes U.S. Mint

By CoinWeek News Staff….   An Analysis of Year-to-Date Demand 2016 appears to be another record year for American Silver Eagles, because they’re already breaking records even only as winter turns to spring. United States Mint sales figures show that 5,954,500 Silver Eagles – nearly six million pieces – were sold in January, with 4,782,000 […]

Royal Canadian Mint: Sustained Profitability in First Quarter Financial Report

Royal Canadian Mint: Sustained Profitability in First Quarter Financial Report

In releasing its 2015 First Quarter Financial Report, the Royal Canadian ‎Mint announced consolidated revenues of $640.1 million in the 13 weeks ended March 28, 2015, and consolidated profit before taxes of $15.7 million. These results represent a modest decline from the same period in 2014, when $17.0 million in pre-tax profits were achieved on […]

Merit Gold & Silver No Longer Accepting Bullion Orders; Going Out of Business (Update)

Merit Gold & Silver No Longer Accepting Bullion Orders; Going Out of Business (Update)

By Hubert Walker for CoinWeek….   Visitors to the website of Merit Gold and Silver, a Santa Monica, California-based bullion and precious metals dealer, have seen a message stating that, as of August 5, the company is “no longer accepting bullion orders.” There is no explanation on the website why the company has stopped taking […]

By August 20, 2014 38 Comments Read More →
Revisiting Reportable Bullion & Cash Transactions

Revisiting Reportable Bullion & Cash Transactions

By Richard Schwary – California Numismatic Investments (www.golddealer.com) It is hard to believe it has been a couple of years since my first comments about government reporting requirements within the coin business. I called this effort Rules for Reportable Bullion & Cash Transactions or Lack Thereof and it received comments which are included in this second […]

 
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