Gold Rises from 10-Month Low; US Mint Gold Coins Climb

gold bars and scale weighing gold bars
Gold edged up 0.3% while silver advanced 1.3%

Gold futures recorded gains on Monday for the first time in three sessions, climbing from a 10-month low.

Gold for February delivery turned up $3.90, or 0.3%, to settle at $1,165.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Some bargain hunting in the cash market and short covering in the futures market were featured," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Still, bearish technical charts and a keener ‘risk-on’ psychology in the marketplace at present remain significantly bearish elements for safe-haven gold."

Gold futures ranged from a low of $1,152.50 to a high of $1,167.90. They lost 1.4% last week, closing at their lowest price since Feb. 5 and extending their streak of weekly losses to five in a row.

Elsewhere, silver for March delivery settled up 22 cents, or 1.3%, to $17.187 an ounce. Silver futures traded between $16.73 and $17.27. The advanced last week by 0.8%.

In other precious metals dealings Monday:

  • January platinum rose $18.70, or 2%, to $933.70 an ounce, ranging from $910.80 to $936.30.

  • Palladium for March delivery fell $7.50, or 1%, to $727.55 an ounce, trading between $723.20 and $737.75.

Last week, the two metals fell by 1.9% and 1.4%.

London Precious Metals Prices

In comparing earlier fixed London bullion prices from Friday PM to Monday PM:

  • Gold declined $7.50, or 0.6%, to $1,156.10 an ounce.
  • Silver declined 9 cents, or 0.5%, to $16.86 an ounce.

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

Last week, gold lost 0.8% while other London bullion prices registers gains of 3.7% for silver, 0.8% for platinum, and 0.1% for palladium.

US Mint Bullion Coin Sales in 2016

U.S. bullion sales advanced by 1,000 ounces in one-half ounce American Gold Eagles and by 1,500 ounces in American Buffalo gold coins. Most of the Mint’s other 2016-dated bullion coins sold out.

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 Sales Last Week Nov Sales Dec Sales 2016 Sales
$100 American Eagle 1 Oz Platinum Coins* 20,000
$50 American Eagle 1 Oz Gold Coins* 23,000 129,000 23,000 817,500
$25 American Eagle 1/2 Oz Gold Coins 1,000 2,000 7,000 3,000 74,000
$10 American Eagle 1/4 Oz Gold Coins* 2,000 18,000 2,000 152,000
$5 American Eagle 1/10 Oz Gold Coins* 40,000 105,000 40,000 925,000
$50 American Buffalo 1 Oz Gold Coins 1,500 5,500 29,500 7,000 214,000
$1 American Eagle 1 Oz Silver Coins* 240,000 3,061,000 240,000 37,701,500
2016 Shawnee 5 Oz Silver Coins* 105,000
2016 Cumberland Gap 5 Oz Silver Coins* 75,000
2016 Harpers Ferry 5 Oz Silver Coins 0 100 1,500 100 38,100
2016 Theodore Roosevelt 5 Oz Silver Coins* 800 6,600 800 40,000
2016 Fort Moultrie 5 Oz Silver Coins 0 0 27,800 0 27,800


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Anyone know how many of the Gold Walkers have been sold?


The places that sell Silver & Gold bullion seem to have a hard time saying that the metal is dropping in value. They choke on the words and can’t get them out. Example : “Still, bearish technical charts and a keener ‘risk-on’ psychology in the marketplace at present remain significantly bearish elements for safe-haven gold.” Bearish =a market in which prices are falling, encouraging selling. If you notice, he tried to put a positive spin on it by prefacing the example I pasted by saying that there were some “bargain hunters buying”. Yeah, right, it’s dropped a hundred or two… Read more »


X-ray Bravo 16 all loaded up on Santa’s sleigh.., just one for all the good boys and girls out there for a little early Christmas cheer come Thursday.

Seth Riesling

For those who missed getting the gold Winged Liberty Head dime on first day of issue months ago, the Mint will offer them in 2 days on December 15 at noon Eastern time. Limit one per household. Pricing is set tomorrow, probably $200 each or $5 less than first day issue price of $205. Just in time for Christmas & Hanukkah. Good luck to those who weren’t able to get one months ago on first day of issue. Happy Holidays everyone & Happy collecting!



Seth – indeed, good luck is needed by the coin aficiandos who want one of these gold Mercury Dimes for themselves. Let’s just hope all the flippers wind up with a lump of coal in their Christmas stocking, while coin collectors will be able to snag one of these little beauties.