Gold, Silver and Platinum Ease Lower Wednesday, Sept. 15

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Palladium rose modestly on Wednesday while gold, silver and platinum finished slightly lower. Gold’s loss was its first in three sessions and follows a more than one-week settlement high.

Gold for December delivery lost $12.30, or 0.7%, to settle at $1,794.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Some technical selling pressure from the shorter-term futures traders is featured today, as the chart postures for both gold and silver have deteriorated just recently. The metals bulls need a fresh fundamental spark to ignite their enthusiasm," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,795.50 to a high of $1,808.50. They tacked on 0.7% on Tuesday, registering their highest settlement since Sept. 3, and they inched 0.1% higher on Monday.

Silver for December delivery dipped 8.4 cents, or 0.4%, to close at $23.801 an ounce. Silver futures traded between $23.67 and $23.91. They edged up 0.4% on Tuesday and they gave back 0.4% on Monday.

In PGM futures Wednesday:

  • October platinum declined $8.20, or 0.9%, to $930.50 an ounce, ranging from $919.70 to $938.60.

  • Palladium for December delivery gained $16, or 0.8%, to $1,991.60 an ounce, trading between $1,943 and $2,032.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged Wednesday. 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)
Wednesday Last Week This Week August September 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 19,500 9,500 112,000 29,000 775,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 3,000 21,000 3,000 80,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 6,000 34,000 6,000 126,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 5,000 50,000 10,000 340,000
$50 American Buffalo 1 Oz Gold Coin 0 10,000 4,500 27,500 14,500 250,000
$1 American Eagle 1 Oz Silver Coin 0 750,000 1,475,000 3,930,000 2,225,000 25,165,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 52,900

 

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Kaiser Wilhelm

This is the story. Yesterday silver rose 8.9 cents, today it dropped 8.4 cents. So now we are left with a net gain of 0.5 cents. Forget about cents (or pennies as some people refuse to stop calling them even though we’ve never had one of those here any more than we’ve ever had a single buffalo – they’re bison, for heaven’s sake – in America either) because what we really need now are 1/2 cent pieces. And why don’t we make them out of plywood, so if anyone happens to get stuck with too many, instead of losing them… Read more »

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Last edited 4 days ago by Kaiser Wilhelm
Larry T

Kaiser,

I think you’re losing your mind! ‘Buffalo Bill’ wasn’t called that because he hunted bison. And what are the Buffalo Bills football team named after? C’m on man!
p.s. I have a bunch of those Lincoln pennies. A penny for your thought?

Kaiser Wilhelm

Larry, The jury’s been out regarding your first statement and will likely never return. That being said, Bison Bill went around with the wrong name all his life because he didn’t know any better, but I’m not holding that against him, as education wasn’t a number one priority in the old days of rough and ready (and when I see some of the nonsense that prevails at large today I can easily believe that particular circumstance hasn’t changed much). P.S. I’m happy for your Lincoln pennies; I have a hunch their provenance is the famous Bison Bill Hoard. By the… Read more »

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Last edited 3 days ago by Kaiser Wilhelm
Larry T

Kaiser,

We better be careful, the Bison Bills just doesn’t have the same ring to it. But then again, we’ve gotten somewhat used to calling Washington the football team. That’s so lame!

Last edited 3 days ago by Larry T
Mammoth

Go ‘hawks!!!

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Kaiser Wilhelm

Mammoth,

I just had to look this up, and lo and behold, there is no such animal as a “seahawk”. The closest one can get is the osprey, but it has a different head and beak. I love sports team names!

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Last edited 3 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Larry,

Actually, it might be a wise move for the Bills. Don’t forget, there was another “Buffalo Bill”, the woman-skinning cross-dressing serial killer in “The Silence of the Lambs”. Maybe Bison Bills is just what the doctor ordered after all.

As for the Washington Football Team, they’re not what they were in their heyday, so why not call them the Has Beens. Just sayin’.

Mammoth

Kaiser,

We both share the same opinion of the Walking Liberty Half and Mercury Dime.

“Leonardo da Vinci. Rembrandt. Picasso. Adolph A. Weinman? Early twentieth-century sculptor Adolph A. Weinman may not be a household name in America, but he should be. His creations can be seen across the country, from New York City to Detroit, and his legacy lives on with every Silver Eagle Coin that’s minted. Meet the man behind Walking Liberty, one of the most iconic images in American coinage.”

I tip my tusk…er…hat to this artist.
-Mammoth

Kaiser Wilhelm

Mammoth,

Art comes in many forms, and coins, like medals, are certainly one of them. There’s no doubt in my mind that Adolphe A. Weinman should be ranked among the greatest sculptors in American history. The Walking Liberty, whether portrayed on that one of a kind fifty cent piece of old or the American Silver Eagle of today, is without parallel. By the way, I think the updated (Type 2) rendering of Weinman’s original obverse design for the Walking Liberty is far superior to the previous one used for the past 35 years.

Last edited 3 days ago by Kaiser Wilhelm
Mammoth

Kaiser,

You are forcing me to do a side-by-side comparison, you know.

Also – re: the ‘Barber smoothies’ – my comment also applies to the Standing Liberty Quarter. It was a good decision to sh!t-can that dismal* design and replace it with the Washington Quarter.

*Lady Liberty’s exposed boob on the 1916 & early 1917 version makes those coins worthy of adding to your collection though (providing you can find ones which aren’t worn smooth).
-Mammoth

Kaiser Wilhelm

Mammoth,

Are those 1916/17 Standing Liberty Quarters extra smooth from excessive handling? 😉

Mammoth

ALL of the Standing Liberty Quarters I have are pretty smooth, although a few of them still have readable dates.