Gold Rises, George Rogers Clark 5 oz Bullion Coin Launches

by CoinNews.net on November 13, 2017 · 0 comments

Layers of Gold Bullion

Most precious metals changed little Monday, Nov. 13

Precious metals futures ended mixed Monday. Gold, silver and platinum advanced while palladium declined.

Gold for December delivery rose $4.70, or 0.4%, to settle at $1,278.90 an ounce on the Comex division of the New York Mercantile Exchange.

"There is a bit of safe-haven demand still supporting prices, but no new additional demand coming in, which means that prices aren’t really moving," Reuters quoted Capital Economics analyst Simona Gambarini.

Gold futures ranged from a low of $1,274.40 to a high of $1,279.90. They edged up 0.4% last week.

Meanwhile, silver for December delivery tacked on 17.6 cents, or 1%, to settle at $17.047 an ounce. Silver futures traded between $16.82 and $17.07. They finished 0.2% higher last week.

In other precious metals futures prices:

  • January platinum added $3.50, or 0.4%, to $935.60 an ounce, ranging from $927 to $938.40.

  • Palladium for December delivery declined $3.40, or 0.3%, to $989.70 an ounce, trading between $986.95 and $1,001.45.

Last week, platinum advanced 1.1% and palladium climbed 0.2%.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:

  • Gold declined $6.35, or 0.5%, to 1,277.95 an ounce.
  • Silver lost 7.5 cents, or 0.4%, to $16.925 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

Last week, silver slipped 0.5% while other London bullion prices rose by 1.4% for gold, 1.6% for platinum and 0.5% for palladium.

US Mint Bullion Sales in 2017

U.S. Mint bullion products logged gains of 4,000 ounces in gold coins and 329,500 ounces in silver coins.

2017-S Clad Proof George Rogers Clark Quarter - Reverse

The U.S. Mint is now accepting orders from distributors for its five ounce George Rogers Clark National America the Beautiful Silver Bullion Coin. The coin shares the same designs as on the George Rogers Clark National quarter (shown above), which the Mint is selling in rolls and bags at www.usmint.gov.

A portion of the silver sales included the last 2017-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of George Rogers Clark National Historical Park in Indiana, its first-day sales reached 30,900 coins for 154,500 ounces — totals that already surpass this year’s second and third five-ounce issues.

Also on Monday, the U.S. Mint released rolls and bags of George Rogers Clark quarters. The five ounce silver coin and quarter share designs.

Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Monday Last Week October November YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 20,000
$25 American Eagle 1 Oz Palladium Coin* 0 0 0 0 15,000
$50 American Eagle 1 Oz Gold Coin 2,500 1,500 11,000 5,000 186,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 2,000 0 32,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 58,000
$5 American Eagle 1/10 Oz Gold Coin 10,000 0 30,000 10,000 370,000
$50 American Buffalo 1 Oz Gold Coin 500 500 7,000 1,000 84,500
$1 American Eagle 1 Oz Silver Coin 175,000 90,000 1,040,000 265,000 17,203,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 0 0 35,000
2017 Frederick Douglass 5 Oz Silver Coin 0 0 0 0 20,000
2017 Ozark Riverways 5 Oz Silver Coin 0 0 0 0 20,000
2017 Ellis Island 5 Oz Silver Coin* 0 0 0 0 40,000
2017 George Rogers Clark 5 Oz Silver Coin* 30,900 N/A N/A 30,900 30,900

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