Monthly Archives: August 2016

Precious Gray Metal Helps Miners Stock Shine

Credit: YouTube

Credit: YouTube

After the steady sink in the prices of gray precious metal silver for last five years, which hit its bottom of five years in the month of December last year, in the year 2016 there has been a steep rise in its prices and it’s up by more than 40% since the beginning of the year 2016. This price rally is driving huge gains for silver mining stocks. Continue reading

London Metal Exchange to Reenter Precious Metals

Credit: Creative Commons/Kreepin Deth

Credit: Creative Commons/Kreepin Deth

The London Metal Exchange along with World Gold Council is starting new endeavor called LMEprecious. Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe General are also co-owners in this joint venture. Continue reading

Silver Coin to Celebrate 125th Anniversary of Basketball Invention

Silver Coloured Coin – 125th Anniversary of the Invention of Basketball

Credit: Royal Canadian Mint

A Canadian physical educator, physician, sports coach and innovator Dr. James Naismith invented the game of Basketball in the year 1891. It has the pace and tremendous excitement too! Every player of the team on the court has the opportunity to shine during a game of basketball but this action-packed sport relies heavily on teamwork. Basketball was adapted as the demonstration sport in 1904 Olympic and official event at 1936 Summer Olympics. Today this sport has reached in every nook and corner of the world and is one of the most liked games across the globe. It can be played indoors and outdoors.

To celebrate the ‘125th Anniversary of the Invention of Basketball’, the Royal Canadian Mint (RCM) has minted a coloured convex-shaped silver coin. The first-ever coloured convex-shaped coin is designed by Canadian artist Glen Green. The coin’s deep convex curvature is designed to recreate the rounded shape of a basketball. In addition to its unusual shape, the precision engraving replicates the actual elements associated with the basketball—specifically the recessed lines and the dimpled surface on the coin. The application of color reflects its iconic orange appearance. The engraved action shot shows fast-paced intensity of the game in the foreground – a player on the left leaps towards the net for a dunk shot, while the one on the right moves quickly to defend the shot with his outstretched arm. On sides, two engraved basketballs overlap the wide band that frames the reverse image, where the word “CANADA” is engraved above the years “1891-2016” which year mark basketball’s 125th anniversary. As the one side of the coin is convex, the other side or obverse or heads side is concave. Susanna Blunt’s effigy of Queen Elizabeth II is embossed on this side and inscribed -“ELIZABETH II,” “DG REGINA” and the coin’s legal face value of “25 DOLLARS.”

Great attention paid to detailing and minting, is proved by the engraved elements so that, it should feel like you’re holding a small basketball in the palm.

Coin specifications as published by RCM are:
• Royal Canadian Mint Product No.: 153904
• Mintage: 8500
• Composition: 99.99% pure silver, coin is GST/HST exempt!
• Finish: proof
• Weight (g): 30.75
• Diameter (mm): 36.07
• Edge: serrated
• Certificate: serialized
• Face value (CAD): 25 Canadian dollars
• Reverse Artist: Glen Green
• Obverse Artist: Susanna Blunt

The Royal Canadian Mint’s first colourized, convex-shaped collectible coin sells for CAD $159.95 or about US $123. Each coin is packed and presented in a Royal Canadian Mint-branded maroon clamshell with a black beauty box.