Gold Falls Below $1,800; Silver Slides 2.1%

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Precious metals declined on Tuesday following two straight session gains. Their losses ranged from 0.7% for gold to 2.9% for platinum.

Gold for December delivery lost $13.40 to settle at $1,793.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are lower at midday Tuesday, on some normal backing and filling on the charts following recent gains. Both metals’ bulls remain comfortable at present, as near-term price uptrends are in place and the overall path of least resistance is sideways to higher," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low $1,783 to a high of $1,809.80. They climbed 0.6% on Monday for their highest settlement since Sept. 14.

Silver for December delivery fell 50.4 cents, or 2.1%, to end at $24.088 an ounce. Silver futures traded between $23.92 and $24.66. They also rose 0.6% on Monday. Silver ended yesterday at its best price since Sept. 3.

In other precious metals futures Tuesday:

  • January platinum dropped $30.90 to $1,032.90 an ounce, ranging from $1,017 to $1,064.

  • Palladium for December delivery declined $43.40, or 2.1%, to $2,004.80 an ounce, trading between $1,950.50 and $2,059.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Tuesday. 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)
Tuesday / This Week Last Week August September October 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 21,000 112,000 67,500 114,500 928,000
$25 American Eagle 1/2 Oz Gold Coin 0 3,000 21,000 4,000 3,000 84,000
$10 American Eagle 1/4 Oz Gold Coin 0 8,000 34,000 8,000 12,000 140,000
$5 American Eagle 1/10 Oz Gold Coin 0 30,000 50,000 35,000 55,000 420,000
$50 American Buffalo 1 Oz Gold Coin 0 4,000 27,500 24,000 36,500 296,000
$1 American Eagle 1 Oz Silver Coin 0 576,000 3,930,000 2,735,000 1,076,000 26,751,500
$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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Mammoth

Congratulations to those who are now receiving their 2021 Morgan & Peace Silver Dollars. My S, D, and CC are all ‘in shipping.’

RogerF

Received my O and CC yesterday, P Morgan and Peace moved to shipping today but my S and D are still in processing.

Glad to hear your S and D are shipping. Hopefully mine will be soon too.

Antonio

Received my shipping notice for the Morgan P, D and S and the Peace dollar. Found a “hair” on my Morgan privy mark CC dollar. Little pieces of lint on my privy mark O dollar. I love the mint’s quality control. Years ago, one of my uncirculated W dimes has a fingerprint on it. At least I’ll have the coins. As the saying goes, better a bird in the hand than two in the bush. I’ll have them graded but I haven’t decided by whom, PCGS OR NGC. I doubt any will be MS70.

OmahaJoe

Received my CC’s so far and rest are on the way.
Now do I open them? What percent of the mintage will be graded 70? Think it used to be around 25% but pretty sure every single one Magic Mike has will grade 70 along with the rest of the big flippers.
I cancelled my membership with a certain grading company because the labels are starting to worth more than the coin.
So on the fence open don’t open?

Seth Riesling

OmahaJoe –

One of my CC dollars has a scratch on it in her hair area, so it would only grade at a 69.

NumisdudeTX

Kaiser Wilhelm

Sometimes I get the not so vague impression that grading itself has begun to overshadow sheer appreciation of appearance as the dominant motivational factor in coin collecting.

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Last edited 1 month ago by Kaiser Wilhelm
Antonio

C’est la vie.

Kaiser Wilhelm

Genau, und so geht es immer.

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Mammoth

Received my 2021 ‘S’ Morgan Silver Dollars today – and yes I opened the box to enjoy them. No disappointments with the quality of the coins, or the packaging.
Collector’s Delight‘ aptly describes the feeling you get when you enjoy your coins!

Last edited 1 month ago by Mammoth
Mammoth

…And here she is!

Morgan S_Obv.jpg
Kaiser Wilhelm

Oh, that is a beauty. Good for you!

Antonio

I ruined my joy when I compared mine with my MS62 1883 CC Morgan dollar. The nineteenth century one was more detail and I prefer the lettering. At least I’ll have the 2021 Morgan Dollars to add to my “real” Morgan collection.

Rich

So true, Antonio. Nothing beats an original.

Kaiser Wilhelm

Rich, didn’t we already pretty much know that going in, that these were by the nature of the beast going to be “replicas”? I mean, what else?

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Kaiser Wilhelm

Antonio, simply as an option, you could think of them as “different” rather than one being better than the other. Just sayin’.

Kaiser Wilhelm

Congrats on receiving your coins, and also on unpacking them. My kind of collector!