All articles tagged with #silver coins
A silver coin smuggling case led to the discovery of a well-preserved prehistoric fortress in Croatia's Papuk Mountains, revealing sophisticated stone fortifications and a highly organized society from the Iron Age, despite some loss of context due to looting.
Shortly after the Louvre heist, a small museum in Langres, France, was also robbed of around 2,000 gold and silver coins worth over $100,000, adding to the nation's turmoil over the daytime thefts.
A woman in Kutná Hora, Czech Republic, discovered over 2,150 silver coins from the Middle Ages, a find deemed a once-in-a-decade discovery by the Institute of Archaeology of the Czech Academy of Sciences. The coins, minted between 1085 and 1107, were likely hidden during a period of political instability and are now being studied and prepared for a 2025 exhibit.
A woman in Kutná Hora, Czech Republic, discovered over 2,150 silver coins from the Middle Ages, a find deemed a once-in-a-decade discovery by archaeologists. The coins, minted between 1085 and 1107, were likely hidden during a period of political instability. The treasure will be analyzed and displayed in an exhibit by 2025.
A woman in Kutná Hora, Czech Republic, discovered over 2,150 silver coins from the Middle Ages, marking one of the largest archaeological finds in the past decade. The coins, minted between 1085 and 1107, were likely hidden during a period of political instability. Archaeologists are analyzing and archiving the treasure, which will be displayed in an exhibit in 2025.
After the success of selling gold bars, Costco has turned to selling 1-ounce Canada Maple Leaf Silver Coins made of 99.99% pure silver, priced at $679.99 for 25 tubes. The coins feature King Charles III on one side and a maple leaf on the other, with a face value of 5 Canadian dollars each. Despite some reports of scratches on the coins, they have sold out online, following the $100 million in gold bars sold last quarter.
Costco, known for bulk household products, is now selling precious metals like gold bars and silver coins to its members, with the gold bars selling out quickly and the silver coins also being in high demand. The retailer's CFO reported that the surge in e-commerce sales was led by sales of gold and silver. The move comes as the value of gold and silver is expected to climb in 2024 due to expectations of Federal Reserve interest rate cuts. Additionally, Costco's stock price fell after hitting an all-time high, with investors possibly anticipating a membership price increase, which the retailer hasn't done since 2017.
Costco is now selling 25-count tubes of Canada Maple Leaf Silver Coins for $675 each on its website, featuring a likeness of King Charles III on the back. The move follows the success of its $2,000 gold bars, with the retailer aiming to appeal to precious metal collectors. The rise in precious metal values is attributed to anticipated interest rate cuts by the Federal Reserve, making gold and silver attractive as safe hedges against inflation. Despite falling short of Wall Street sales estimates due to tepid demand for higher margin goods, Costco's consumables and groceries sales remained steady, boosting the company's comparable sales in the second quarter.
Costco has expanded its precious metals business by selling packs of one-ounce silver coins for $625 and 24-karat gold bars priced at about $2,000, leading to significant e-commerce sales growth. The silver coins, featuring enhanced security features, have faced some criticism from customers who reported scratches and packaging issues upon delivery. Despite this, Costco's diverse range of merchandise, including luxury items and unexpected finds, continues to attract shoppers.
Precious metals dealer Robert Higgins has been ordered to pay $146 million in damages after over half a million silver coins went missing in a fraudulent scheme. Higgins convinced nearly 200 investors to buy and store American Eagle Silver coins through his companies, but it remains unclear if the coins ever existed. Higgins ran a deceptive scheme and distributed false account statements, resulting in the ban of his companies and a lifetime industry ban for himself. This incident adds to a series of scams in the precious metals industry.
Precious metals dealer Robert Higgins has been ordered to pay $146 million in damages after over half a million silver coins, worth almost $115 million, went missing from his companies, Argent Asset Group LLC and First State Depository Company LLC. Higgins ran a fraudulent scheme, convincing nearly 200 investors to buy and store American Eagle Silver coins that may not have existed. He distributed false account statements and has been banned from the industry for life. This case adds to a series of scams in the precious metals industry.
A young girl who was metal detecting in a Danish cornfield last autumn has discovered nearly 300 silver coins believed to be more than 1,000 years old near a Viking fortress site in northwestern Denmark. The rare trove, lying in two spots not far apart, includes Danish, Arab and Germanic coins as well as pieces of jewellery originating from Scotland or Ireland. The finds were from the same period as the fort, built by King Harald Bluetooth, and would offer more insight into the history of the Vikings.