September 13, 1988 |
The price of gold futures closed slightly lower in New York on Monday after recovering from heavy selling here and in London, where prices touched a 17-month low on falling oil prices. Bullion sank at one stage to $416.50 an ounce in London, its lowest level since March,, 1987, on concerns that the Organization of Petroleum Exporting Countries was unable to staunch overproduction and soak up the glut of oil on world markets. At Republic National Bank in New York quoted gold at $421.
August 22, 1988 |
Bully Bullion came from behind in the final 30 yards to win the $249,373 All American Gold Cup Sunday at the Ruidoso Downs. The 4-year-old colt surprised race favorite Ronas Ryon, whose quest to become the all-time leading quarter horse money earner was delayed by a second-place finish. Bully Bullion, ridden by Darrell Blevins, won the 440-yard race by a nose in 21.75 seconds and earned $124,686 for E. Jean Chavers of Broomfield, Colo. Ronas Ryon's finish was worth $42,393, for James F.
December 15, 1987 |
The dollar's persistent weakness in foreign exchange pushed gold prices above $500 an ounce Monday, but the rally faded in domestic trading as oil prices fell and inflation fears were dissipated. At Republic National Bank of New York, gold bullion was bid at $495.50 as of 4 p.m. EST, down $1.75 from Friday's late price. The dollar continued to slip against most major world currencies, but the losses were slight in quiet, cautious trading.
December 3, 1987 |
Ever since the United States came out with the silver and gold Eagles last year, bullion coins have dominated coin news. While bullion pieces are not strictly numismatic material, they have become collectible, because many are now issued in limited editions. They seem to appeal to investors and hobbyists alike. A case in point is the Australian proof and bullion gold Nugget.
November 26, 1987
Aided by testimony from two undercover park rangers, the Ventura County district attorney's office has filed 26 criminal charges against divers who allegedly pillaged a wrecked steamship last month in the waters of the Channel Islands National Park. Dist. Atty. Michael D. Bradbury also announced this week that a lawsuit has been filed against Truth Aquatics Inc. of Santa Barbara and its president, Roy Hauser, owner of the Vision, the boat used in the incident.
January 22, 1987 |
Question: I am interested in silver, which I purchased on March 1, 1971. This was somewhat before the Hunt Brothers began their activity in silver. I still have these and would appreciate your answer as to their present value. These were purchased via the Franklin Mint, and 50 ingots were thereby acquired, one for each state. The 50 1,000 sterling silver ingots are in a beautiful walnut box.--G.L. Answer: Many, many medals and commemorative pieces are minted each year.
CALIFORNIA | LOCAL
December 25, 1986 |
For nearly two years, a Tustin shopping center developer has been preparing to search for lost treasure--70 tons of silver bullion said to have been buried since 1879 in the muck of an Owens Valley lake. Some state officials doubt there is any bullion in the lake, but next month, if the State Lands Commission approves the venture as expected, Maurice A.
October 30, 1986 |
With a hearty cry of "Hi-yo silver, away!" U.S. Treasury Secretary James A. Baker III on Wednesday struck the first U.S. bullion silver dollar. It was the first of a million one-ounce American Eagle silver dollars that will be struck at the San Francisco Mint by Nov. 24, when they will be distributed first to 27 bulk dealers nationwide, then to retail outlets for public sale.
October 30, 1986
James A. Baker III, secretary of the Treasury, struck the first U.S. bullion silver dollar in history. It was the first of 1 million, 1-ounce American Eagle silver dollars to be struck at the San Francisco Mint by Nov. 24, when they will be distributed first to 27 bulk dealers nationwide, then to retail outlets for public sale. Hundreds of guests looked on as Baker struck the silver blank twice, as is done with special coins to sharpen the impressions.
April 24, 1986 |
One of the adjuncts of numismatics is the bullion coin. The conventional coin hobbyist collects coins in series or by countries or denominations. They are treasured for their rarity, condition and beauty. Many investors find them attractive because virtually all denominations have shown growth potential and profitability. So where does bullion fit in? Unlike collector pieces, bullion appeals to investors who wish to diversify their portfolio.