Gold Declines 0.6%; Lowell 5 oz Bullion Coin Launches

by CoinNews.net on March 11, 2019 · 2 comments

American Eagle silver coins, bullion gold bars, money

Gold, silver and platinum prices declined Monday, March 11

Most precious metals ended lower in their start to the new trading week Monday. Palladium was the exception, rising 1.6%.

Gold for April delivery declined $8.20, or 0.6%, to settle at $1,291.10 an ounce on the Comex division of the New York Mercantile Exchange.

"For the most part, investors are still most interested in the equity markets and are not finding a need for any safe-haven products at this time," Reuters quoted Walter Pehowich, executive vice president of investment services at Dillon Gage Metals.

Gold futures ranged from a low of $1,290.60 to a high of $1,299.20. They rose less than 10 cents last week.

Silver for May delivery fell 7.5 cents, or 0.5%, to close at $15.274 an ounce. Silver futures traded between $15.22 and $15.37. They climbed last week by 0.6%.

In other precious metals futures Monday:

  • April platinum dipped 80 cents, or 0.1%, to $816.80 an ounce, ranging from $813.10 to $818.80.

  • Palladium for June delivery tacked on $23 to $1,482 an ounce, trading between $1,463.20 and $1,480.

Both metals registered losses last week with platinum plunging 5.3% and palladium falling 3.1%.

London Precious Metals Prices

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

  • Gold declined $4, or 0.3%, to $1,292.75 an ounce.
  • Silver added 18 cents, or 1.2%, to $15.295 an ounce.

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

LBMA prices last week fell with losses of 1.2% for gold, 2.9% for silver, 5.2% for platinum, and 2.8% for palladium.

US Mint 2019 Bullion Sales

Lowell National Historical Park Quarter - Reverse

A CoinNews photo showing the reverse or tails side of a Lowell National Historical Park quarter

U.S. Mint bullion products registered increases of 10,500 ounces in gold coins; 974,000 ounces in silver coins; and 1,500 ounces in platinum coins.

A portion of the silver sales included the first 2019-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of Lowell National Historical Park in Massachusetts — just like the companion quarter, its first-day sales reached 39,000 coins for 195,000 ounces.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Monday Last Week January February March 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 1,500 0 27,100 2,400 1,500 31,000
$50 American Eagle 1 Oz Gold Coin 5,500 1,500 44,500 11,000 7,000 62,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 15,000 1,000 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 4,000 0 20,000 0 4,000 24,000
$5 American Eagle 1/10 Oz Gold Coin 5,000 0 90,000 10,000 5,000 105,000
$50 American Buffalo 1 Oz Gold Coin 3,500 500 23,500 6,000 4,000 33,500
$1 American Eagle 1 Oz Silver Coin 779,000 0 4,017,500 2,157,500 779,000 6,954,000
Lowell 5 Oz Silver Coin 39,000 N/A 39,000 39,000

 

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cagcrisp
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cagcrisp

The Mint’s website for sales of the 5 oz. Lowell clearly shows 390000. I see that as 78,000 pucks and you see it as 39000 pucks…

Chas Barber
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390000 0z! That’s a friggin huge # for a bingo wheel design….PA$$