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June 08, 2009

Gold is backing away from the $1,000 mark again, trading at $949.10 a troy ounce as this is written.

Aside from the usual armchair analysis that I could give, the price movement helps me out a bit. How so? Am I betting on a lower price?

No, that isn't it. It is something more mundane.

On a weekly basis we publish the price of gold on Page 4 of Numismatic News. The June 16 issue went to press last Thursday reporting a price on the page of $954.50 a troy ounce. The problem was the price was actually $10 higher.


Errors of that kind are always embarrassing. We not supposed to do such things, but every so often I find proof that we messed something up. This was one of those occasions.

In this case, the market has followed our errant report lower and readers will not be misled by it.

I am reminded of a program that I used to watch called "Early Edition," where tomorrow's newspaper showed up at the door of the hero today so he could stop some mayhem from happening.

Numismatic News is not such a magic newspaper, but in this case events have followed what was reported and I was reminded of a show I used to like.

Everybody wins. What a relief.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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