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The Precious Metals News Carousel: Weekend Edition

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The Precious Metals News Carousel: Weekend Edition

It's been a rather busy week of international precious metals news, so we've decided to round up a handful of the best stories for everyone to check out.

Be forewarned: At least one of these stories is somewhat graphic!

Major State Mints Enter Legal Battle

Normally, government mints engage in friendly competition.

In this case, the interaction is far more litigious in nature.

The Royal Australian Mint released a series of commemorative $2 coins that featured colorized elements last year.

The Australian mint has continued to produce similar commemorative coins of the same denomination (with different themes) for 2018.

However, the Royal Canadian Mint alleges in a lawsuit that the method used to strike these colorized coins is patented, and was done without the RCM's permission.

The RAM insists its process was different enough to avoid any patent infringement. Still, tellingly, it has counter-sued with the claim that the Canadian mint's method is insufficiently novel to warrant a patent in the first place.

The matter will now be decided in the Australian courts, according to The Guardian (U.K.).

Cache of Gold Coins Found in Belarus

Workers uncovered a pleasant surprise while repairing the roof of a building in the historic district of Grodno, a city in western Belarus.

30 gold coins dating to the 18th and 19th centuries, along with a great deal of jewelry, were discovered in a dilapidated metal box at the construction site.

The building, which was erected in 1894, is being converted into a healthcare center.

Some of the workers even joked about finding treasure before construction began.

The finders told local reporters they will donate their share of the proceeds from the discovery to the healthcare center project.

Thousand-Year-Old Silver Treasure in Baltic Island

In January, after a teenager with a metal detector unearthed an old silver coin in Reugen, a German island located in the Baltic Sea, researchers were intrigued.

The find was kept under wraps until archaeologists could fully comb the area for more clues.

Last week, the results of their search were made public.

Hundreds of Nordic silver coins were ultimately found in the effort. Some dated back more than 1,000 years.

About 100 of the coins came from the reign of the Viking King Harald "Bluetooth" Gormsson, for whom the modern wireless headsets produced by Swedish firm Ericsson are named.

The story was picked up by the Associated Press (AP) and reported in the Washington Post.

My Dog Ate My Gold?

You can file this under the "Strangest Thing We Read This Week" category.

A beagle in India named Mojo mistook a traditional Vishukkani custom for a snack.

When Mojo gobbled up a bowl of rice left in the kitchen, he failed to notice the two small gold coins that had been customarily placed atop the dish.

Dogs aren't supposed to eat rice to begin with, so a trip to the vet was in order.

Surgery was avoided as X-rays revealed that the coins were following a normal course (relatively speaking) through Mojo's stomach.

After four days of waiting, the gold coins made their way out the other end no worse for the wear.

You might consider it an auspicious gift of gold for Akshaya Tritiya!


The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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