Precious Metals Rise; Idaho 5 oz Bullion Coin Launches

by CoinNews.net on November 18, 2019 · 0 comments

Gold Bullion

Gold finished 0.2% higher on Monday, Nov. 18

Precious metals futures kicked off the new trading week Monday with mostly modest gains.

Gold for December delivery rose $3.40, or 0.2%, to settle at $1,471.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are modestly higher in midday U.S. trading Monday, on a slight downtick in trader and investor risk appetite and some short covering in the futures market. The U.S. dollar index has backed off a bit today, which is also a positive daily element for the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,456.60 to a high of $1,474.40. They edged 0.4% higher last week.

Silver for December delivery added 5.2 cents, or 0.3%, to settle at $17 an ounce. Silver futures traded between $16.70 and $17.03. They advanced 0.7% last week.

In PGM futures on Monday:

  • January platinum inched up 50 cents, or 0.06%, to $895 an ounce, ranging from $881.10 to $902.

  • Palladium for December delivery gained $21.90, or 1.3%, to $1,704.40 an ounce, trading between $1,670.90 and $1,708.30.

Last week, platinum rose 0.2% and palladium declined 1.5%.

London Precious Metals Prices

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

  • Gold added 75 cents, or 0.05%, to $1,467.65 an ounce.
  • Silver declined 7.5 cents, 0.4%, to $16.795 an ounce.

In LBMA results last week, gold climbed 0.2% and silver rose 0.4%.

US Mint 2019 Bullion Sales

2019-D Uncirculated Frank Church River of No Return Wilderness Quarter

This CoinNews photo shows a 2019 Frank Church River of No Return Wilderness quarter. Depicting the same design, the U.S. Mint started selling the companion 5-ounce bullion version.

United States Mint bullion sales advanced by a combined 6,000 ounces in gold coins and by 300,500 ounces in silver coins.

A portion of the silver sales included the last 2019-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of Frank Church River of No Return Wilderness in Idaho — just like the companion quarter released Nov. 4, its first-reported sales reached 13,500 coins for 67,500 ounces.

Below is a sales breakdown of U.S. Mint 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 2019 Sales
$50 American Eagle 1 Oz Gold Coin 3,000 5,000 8,000 8,000 106,000
$25 American Eagle 1/2 Oz Gold Coin 0 3,000 1,000 5,000 30,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 0 4,000 2,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 20,000 0 190,000
$50 American Buffalo 1 Oz Gold Coin 2,500 2,500 3,000 5,000 60,000
$1 American Eagle 1 Oz Silver Coin 233,000 65,000 1,110,500 463,000 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 13,500 N/A 13,500 13,500
San Antonio Missions 5 Oz Silver Coin 0 0 17,500 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 500 0 72,500
American Memorial Park 5 Oz Silver Coin* 0 0 0 0 80,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 40,000

 

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