Precious Metals Gain in August Start

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Precious metals posted gains on the first trading day of the new week and month. Palladium led the metals, surging 3.3% to a three-month high. Gold rose the least, climbing 0.3% to a one-month high.

Up for a fourth straight session, gold for December delivery gained $5.90 to settle at $1,787.70 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the best since July 1.

"Short covering from futures traders is featured in both metals [gold and silver], with cash market traders also doing some perceived bargain-basement buying after gold prices hit a 15-month low and silver a two-year low in July. Some technical buying is also featured to start the month of August, as the near-term charts are looking a bit friendlier for gold and silver," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,774.30 and $1,792.50. They surged 3.2% last week, but still ended 1.4% lower in July.

Extending its winning streak to five sessions, silver for September delivery advanced 16.5 cents, or 0.8%, to end at $20.362 an ounce. The finish was the highest since June 29. Silver futures ranged from $20.06 to $20.51. They soared 8.5% last week, trimming their loss in July to 0.8%.

In other precious metals futures prices on Monday:

  • October platinum rose $11.80, or 1.3%, to $901.60 an ounce, trading between $883.10 and $911.

  • Palladium for September delivery jumped $69.70 to $2,199.40 an ounce — the highest close since May 4. Palladium ranged from $2,085.50 to $2,226.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Monday. 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 / August May June July 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 164,500 31,000 59,500 685,500
$25 American Eagle 1/2 Oz Gold Coin 0 7,000 6,000 5,000 71,000
$10 American Eagle 1/4 Oz Gold Coin 0 8,000 18,000 2,000 130,000
$5 American Eagle 1/10 Oz Gold Coin 0 50,000 135,000 20,000 525,000
$50 American Buffalo 1 Oz Gold Coin 0 56,000 21,500 39,500 299,000
$1 American Eagle 1 Oz Silver Coin 0 1,350,000 925,000 850,000 11,556,500
$100 American Eagle 1 Oz Platinum Coin 0 0 23,500 15,500 79,000
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SENZA

The US Mint is an insult to the Common Sense of all Man-kind

Great quotes from ME………………………………..

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Major D

At some point, if you don’t like the TV show you either change the channel or turn off the TV. Same goes for the Mint.

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SENZA

At some point you always cross the line of opportunity and step into despair by telling others what to do instead engaging in the fair and enjoyable exchange of information.

Another great quote by, you guessed it: ME

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Kaiser Wilhelm

You wouldn’t recognize the “fair and enjoyable exchange of information” if it slapped you in the face.

SENZA

I would imagine the knob on your TV is quite worn out

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Rich

… Mankind and Mr Socko

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SENZA

Nice Sock

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Antonio

Only sock I know.

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Antonio

Next new issue of ASEs is August 9th.

SENZA

Today, I deactivated all US Mint Enrollments

Last edited 11 days ago by SENZA
Antonio

No Morgan and Peace dollars in 2023 for you?

SENZA

Right On, “Today, I deactivated all US Mint Enrollments” The Morgan and Peace 2023 are still available which tells me there isn’t much interest in those products – The US Mint out smarted themselves offering these so early that they couldn’t pull their scam and say they are all sold out only to have them returned 3 days later by their dealers Worse, half of those who already enrolled will do the same thing I just did – I still see ads on Feebay for the first Morgan release – some of those flippers are still holding all 10 coins… Read more »

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Antonio

Whaahahahahaha!!!!! Good, more coins for me. I have all six of the 2021 issue and I’ll add the uncirculated, proof and reverse proofs of 2023 to my collection. I’m only unhappy that the proofs for 2022 were cancelled. C’est la vie.

SENZA

It’s not over until it’s over –

Ventris- needs to pull something out of her big ass and fast – it just might be a 2022 Morgan or PEACE………………

Failure has a funny way of motivating

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Antonio

And again, I thank you.
Due to overwhelming demand, the full production inventory for the 2022 American Eagle One Ounce Silver Proof (S) Coin (22EM) was previously accounted for through enrollments. However, as a result of cancellations, inventory may become available on the scheduled launch date of August 9, 2022.

SENZA

Don’t thank me – thank the phony numbers – they will make a billion of these and have zero scarcity or value

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Major D

Submitting for those that collect the small stuff, here’s a list compiled from USA Coin Book data: MOST VALUABLE COINS SINCE 1990 (EXCLUDING VARIETIES AND ERRORS) LINCOLN CENT 1: 2018-S Reverse Proof, mintage 199,177 $34 PR-65 2: 2017-S Enhanced Uncirculated, mintage 223,210, $19 MS-65 3 (tie): 2019-W Uncirculated, mintage 346,117, $17 MS-65 3 (tie): 2019-W Proof, mintage 629,342, $17 PR-65 3 (tie): 2019-W Reverse Proof, mintage 412,508, $17 PR-65 4 (tie): 2009 (P) & D Lincoln Bicentennial Series satin finish, mintage 784,614, $11 ea MS-65 4 (tie): 1997-S Proof, mintage 2,796,678, $11 PR-65 5 (tie): 1995-S Proof, mintage 2,797,481, $10… Read more »

Antonio

The scarcest I have of what’s on “your” list is the 1998-S Silver Frosted matte finish Kennedy Half Dollar. The next one is my 1995-W ASE PF68 (not on your list). Now what I’m looking for is an 1863 silver three cent piece. That would round out my silver three cent collection nicely.

Major D

Well, I guess “my” list in the sense that I culled from USA Coin Book. I know it’s not the source some would look to, but for me I think it gives a reasonable relative grouping based on PF65s and MS65s. Just thought I’d share for what it’s worth.

Antonio

Thank you for sharing. It’s good to know. I never think of such things. I meant “your” list because I’ve seen other lists. It’s interesting but only time tells how the coins will gain, or loose, value. I like looking at the 1975-S Lincoln cent. It’s remained at about $3.50 for decades. I still think it’s over priced.

SENZA

The names may change frequently but the defective personality shines thru in all

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Kaiser Wilhelm

You must be extra healthy by your definition since you lack even one.

Major D

You take away the Rage against the Mint, and what you have left is simply Rage. It seems that is all some people have. Well, here’s some news: the Mint does not owe you a profit for flipping its product. And you do not have to buy any of it or keep any of it. And there is no conspiracy- just a deluded and angry mind that is obsessed with finding fault in others.

Antonio

There’s a fly in my soup. I’m suing this restaurant!

Kaiser Wilhelm

That’s a Senseless in your soup, and you sure ought to sue.

Kaiser Wilhelm

Major D,

Congratulations on a well written and long overdue chastisement. Thanks for all of us!

SENZA

There’s a Kaiser on my brain – I’m pretending to be 7 different fake online entities but my flawed personality gives it away time and time again

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Jeff Legan

Senza, What is eating at your soul? The damage is becoming visible to people who cannot even physically see you. Do you really expect me to believe Kaiser Wilhelm is doing what you accuse? That does not sound like the personality that shines through his comments. Tell you what, let us settle it once and for all. If CoinNews says your accusations are true, I will apologize to you here. CoinNews—Please tell us here publicly if Major D and Kaiser Wilhelm are one and the same person. If someone is posting here under multiple personalities, I think we should all… Read more »

Antonio

I thought this site was about coins, not people.

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Major D

Right you are, Antonio. Have you seen the latest from the Royal Canadian Mint- snowy owl? Very cool looking coin, but a bit pricey: 2 oz. Fine Silver Coin – Snowy Owl on Driftwood by Robert Bateman | The Royal Canadian Mint

Rich

Unless the person is on the coin.

Kaiser Wilhelm

It is, Antonio, and as we have begun to see ever more clearly of late it’s crucial that we have commenters like Jeff Legan who are willing to and capable of putting a serial troublemaker and disruptor on our site in his place.

Jeff Legan

Thank you, Kaiser Wilhelm. I respect you, so this means a lot to me.

Major D

LOL!!! I can attest that me, myself and I are in fact one person– I am the one and only Major D.

SENZA

As previously stated:

There may 6 of you but your definitely #2

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Major D

why stop at 6?

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Kaiser Wilhelm

A picture is without a doubt a thousand words.

Major D

ok, ok I admit it- I am Lorde. Ya Ya Ya…

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Jeff Legan

Hello SENZA, Apparently CoinNews is not interested in verifying or refuting your accusations. They are the only ones here that can affirm or deny your ongoing “multiple personality” accusations. I have lost track of how many people you have accused of this. A lot. It seems to be your go-to. I would have preferred waiting to reply to you until they responded but it looks like they will not. If they prefer us trading insults instead of information on this site, I can play your game too. I just do not enjoy it. Regarding your #2 comment, my reply is:… Read more »

Major D

Jeff, I know my first comment upon joining had to be approved by CoinNews first because I received an email from them- so I presume they routinely check email address and IP address. Could someone have multiple email and IP addresses? I suppose but it’s kinda crazy in that it serves no purpose here. To be accused of being an agent working for the Mint, a Bot, or one of multiple personalities is just crazy talk. I’ve generally tried to respond with humor to this, but from now on my approach is going to be to not respond to insults,… Read more »

Last edited 8 days ago by Major D
Kaiser Wilhelm

Major D,

Many thanks for being a strong voice of reason here; lord knows that was never more important than now.

Much gratitude also for all the uplifting coin (and otherwise) talk!

Jeff Legan

Hi Major D, The first time SENZA made that accusation, it threw me for a loop. It has been done before. When I was reading about the Jan 6th insurrectionist’s social histories, the articles mentioned quite a few of these White, middle aged men were masquerading as Black, or a Women, or something else they were not online. I figured 50/50 chance Senza was telling the truth the first time (to Fviia, I think). Now that I see he uses it constantly against anyone that questions or disagrees with him, I guess 0%- 5% chance he is correct. As you… Read more »

Major D

Jeff, thanks for taking a stance against bullies- I don’t much like them either. I think most who grew up in the late 60s and 70s had long hair- I certainly did back then. Your comment about being bullied about it and not fitting in reminded me of Bob Seger’s songs “Turn the Page” (when you walk into a restaurant….) and “Get Out of Denver” (because you look just like a commie and you might just be a member…).

Kaiser Wilhelm

Jeff, I believe your plan for dealing with Senseless is the only viable one. Trade insult for insult and each derogatory remark for same until what pretends to be his brain dissolves into jelly.

Kaiser Wilhelm

Major D,

I think it’s important to keep the issues of Senseless and that of the rest of this coin site completely separate. He is an annoying interloper who chooses to spend his time spreading his malignancy while everyone else here wants to discuss numismatics. We’ll never be able to shut him up but we can keep in mind that his eternal drivel has zero impact or meaning when it comes to the conversations the rest of us have with each other.

Kaiser Wilhelm

Jeff Legan,

I believe your comment has given me a new lease on life regarding this site. I originally decided to bail out entirely earlier today after yet another series of toxic encounters with the habitual attacker known as senza. I will henceforth ignore everything that comes with his disturbingly abrasive input and engage only with the other 99.99% of participants here who have shown evidence of their dedication to an informative, uplifting and convivial exchange of information.

Jeff Legan

Definitely do not a let a bully chase you away from anything. Especially one so full of crap, as he so proudly informed us recently (I crap bigger than you!).
You are the reason I joined this site in the first place.

Kaiser Wilhelm

Jeff, that is the biggest compliment I have ever received here. I appreciate that more than I can say, and thank you!

Kaiser Wilhelm

Senseless has the thinnest skin of any bully I have ever encountered. I was originally just going to ignore him but his endless and relentless badgering deserves a good retort and a sharp response every now and then. In my heart I know he’ll never understand, much less accept a single thing anyone says to him, but who cares. A habitual agitator with a rock for a head deserves a good solid crack on it if no no other purpose than to rattle his cage.

Kaiser Wilhelm

You mean you’re more full of crap.

Kaiser Wilhelm

All I can say to this, Jeff, is BRILLIANT. You are clearly far more adept and at ease in confronting and dealing with a typical schoolyard bully than I am.

Antonio

The U.S. Mint just released this announcement
Due to overwhelming demand, the full production inventory for the 2022 American Eagle One Ounce Silver Proof (S) Coin (22EM) was previously accounted for through enrollments. However, as a result of cancellations, inventory may become available on the scheduled launch date of August 9, 2022.

Major D

Thanks for the heads-up. For those already enrolled I think you’re still held to the HOL of 3 until it gets lifted the next day.