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Gold sags after record

Gold bullion slid under the $1,200 mark a week after setting new record highs near $1,250 an ounce.

On May 19 alone, gold lost $21.70 to close at $1,192.60.

Silver also was weaker, settling on the New York Commodity Exchange at $18.09 a troy ounce.

The loss for gold since the prior Numismatic News deadline was $50.10 and silver lost $1.55.

Buyers are being whipsawed by financial news emanating from Europe. The 16-nation common currency, the  euro, declined to levels not seen in four years, trading at around $1.23.

The euro’s exchange rate with the U.S. dollar is approaching the $1.17 starting point where the common currency was born in 1999.

Gold, however, since 2001 has added nearly $1,000 to its price from its roughly $260 starting point.



Gold Value Chart Download

Quickly, easily and accurately determine the bullion value for U.S. and Canadian gold coins with this easy-to-use Gold Value Chart download.

More Resources:

• Subscribe to our Coin Price Guide, buy Coin BooksCoin Folders and join the NumisMaster VIP Program

2010 U.S. Coin Digest, The Complete Guide to Current Market Values, 8th ed.

State Quarters Deluxe Folder By Warmans

Standard Guide to Small-Size U.S. Paper Money, 1928 to Date

Strike It Rich with Pocket Change, 2nd Edition

 

 

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