Precious metals started the new trading week on Monday with gains ranging from 0.2% for gold to 2.3% for palladium.
Gold for December delivery climbed by $4.50 to settle at $1,947.20 an ounce on the Comex division of the New York Mercantile Exchange.
"A solidly lower U.S. dollar index is a supportive outside market element for the metals on this day. Short covering in the gold and silver futures markets is also featured ahead of a key U.S. inflation report on Wednesday," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
On the day, gold futures traded between $1,939.50 and $1,954.60, after falling last week by 1.2%.
Silver for December delivery tacked on 20.9 cents, or 0.9%, ending at a price of $23.383 an ounce. Silver futures ranged from $23.18 and $23.52. They sank by 5.7% last week.
In other precious metals on Monday:
-
October platinum added $7.50, or 0.8%, to $902.30 an ounce, trading between $894.80 and $908.90.
- Palladium for December delivery jumped by $26.90 to $1,219.20 an ounce, ranging from $1,195.50 to $1,226.
Last week, platinum plunged by 7.6% and palladium fell by 2.9%.
US Mint Bullion Sales in 2023
On Monday, published U.S. Mint bullion sales were unchanged. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | July | August | September | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 3,500 | 41,000 | 78,000 | 3,500 | 748,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 134,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 20,000 | 0 | 150,000 | 20,000 | 555,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 14,000 | 16,500 | 19,500 | 14,000 | 326,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 717,000 | 209,100,000 | 3,124,000 | 717,000 | 15,656,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 12,700 |
What could be a better way to bring our nation together again than for all of us to think back on September 11, 2001, and to how we were all united as one then?
Reminds me of a line from Harry Nilsson’s ‘The Puppy Song’ which is ‘Dreams are nothing more than wishes and a wish is just a dream wish to come true’. Let’s just hope we don’t experience another 9/11 but with open borders now the norm, well my eyes are always alert.
I appreciate and echo your sentiments. However, we hardly have open borders (even with Canada) and it hardly mattered to those jets in-the-air what the border situation was on-the-ground. Now, if you wanted to canoe to Canada across the Minnesota boundary waters, I’m sure you likely could avoid border patrol– just like you could do trekking across parts of the Texas border or rafting into Florida or anywhere else. There’s no country on Earth that you couldn’t get into if you were determined to thwart border patrol. And if your eyes are “always alert” does that mean you’re awake? Just… Read more »
Hey, do you know what the Mint will be charging for the RP Morgan/Peace Set? I thought they had it priced at $170 or $180, but see it’s now TBD. Please don’t tell me we’re in for another Fall surprise! And Major, you’re right that someone with a bit of daring could easily cross into our country from a variety of locations, but as it stands now, we have escorts at the border waiting to service all, so to speak. Come on in, man! Nilsson sure did have a wonderful musical voice and I always enjoy his music. Shame he… Read more »
Watched that game last night. The Bills really killed themselves on turn-overs. But I give credit to the Jets D, and that walk-off punt return to win in OT (even if there was a missed trip call) to make up for Rodgers early exit. Unfortunately, he’s getting up in age where injuries happen easily- hell, at my age I just twisted a knee getting out of bed! I don’t know about the RP Morgan/Peace Set, but I’d say likely $180 (just my guess). It’s been a few years since the Mint did a 2-coin RP combo, I recall the 2021… Read more »
Major D and Craig,
I think all three of us would be well-advised to put on our form-fitting football headgear pronto prior to getting slammed with a hard “What does any of this have to do with coins?” tackle.
You’ve got to admit thought that it’s a bit funny that the Jets ‘invested’ millions in Rodgers for a total of 4 plays. Talk about overhype! I’m going to go over to eBay and see if I can’t find a Jets jersey with Rodgers on it on the cheap. I’ll bet there will be a ton of them, barely worn, available now. I think Allen should be doing commercials for garbage companies or recycling plants. You know, things that one ‘throws away’, like his excessive interceptions. Amazing these guys get paid so much. I hope you’re right about the pricing… Read more »
Craig and Major D,
I don’t have any feelings about Aaron Rodgers either way, but the fact that this may be “it” for him is rather ironically funny after all the fuss that was made about him coming to the Jets to be their savior. What a truly bizarre development.
Major D & Craig, The Mint originally said the RP Morgan/Peace silver dollars set would be priced at $175 & then they changed their mind & said it would be $185. And, now they have placed a question mark per se on the price of that set as TBD, which to me means they will probably go higher on the price, although silver is down quite a bit since they first said it would be $175. You just never know with the U.S. Mint when it comes to final price till the day of issue since they have disclaimers on… Read more »
Seth, when the 2023 schedule was first released, I thought this was the set to go for. Now, I must admit I have some doubts. I seem to recall seeing in Coin News the mintage limit being 175,000 for these, is that right? There’s nothing shown yet on the Mint’s product page. A lower mintage would be good.
Craig, Not to worry and no cause for alarm. It seems all of our terrorists these days are either home-grown right-wing true believers (a la Capitol Insurrection types) intent on overthrowing our nation as we know and love it or they are the typical Middle Eastern fanatical Islamist zealots who fly into the USA via first class from Saudi Arabia to do their dirty work here. I honestly can’t say I remember a single instance of a Rio Grande-crossing immigrant committing any one of a continuing series of horrific mass shootings (the domain of “quiet” Christian white boys) or blowing… Read more »
‘Dreams are nothing more than wishes and a wish is just a dream wish to come true’.
Kaiser, before things escalate politically again, can we steer it back towards coins, please?….
C’mon Man, shouldn’t you be pulling a RED FLAG on Kaiser?
I’m here wondering why you didn’t get the flag before I did!
The Old Hat is dead. Long live the New Hat!
Major D,
Translates as, you’re absolutely right, Major D.
Sorry about the digression which led to a transgression!
Major D and Jeff Legan, I do have to say, however, that it occurs to me that I was so willing to accept your admonishment simply because I happen to be imbued with a sense of shame and a desire for peaceful conversation. Please bear in mind that Jeff Legan has been pointing out most correctly and emphatically and on at least a daily basis at that, including right here in this very thread today, that on the other hand Craig has apparently never learned to make even the most distant of connections with this particular emotion. If we are… Read more »
Kaiser, I guess I was responding out of the spirit of 9-11 for us to try and all get along again. Craig’s comment about open borders could be construed as political, but I know folks on both sides that feel that way. So, not that I wield any authority in the slightest, but I “threw” the yellow card meme at the first mention of Trump or Biden or hate speech that I saw on this new post- an attempt to curtail the political and culture-war theater that sucks all the coin talk from the room. I agree that this is… Read more »
Alrighty then, that didn’t last long. Perhaps the next post is a new start then? Or do we wait until 9-11-2024?
Major D,
Or as we say here in Beantown whenever a conversation gets in any way too uncomfortable, “How about them Red Sox?”
Major D,
My objection was much less about being called out for adding to the proliferation of partisan politics on this site and much more so regarding our wunderkind Craig’s complete inability to post as much as one solitary comment without one way or another embedding nuggets of beyond irrational Trumpist kool-aide-imbued claptrap in it.
Major D,
I do very much appreciate all your attempts at, contributions toward, and dedication to peacemaking. You’re a good man.
Great meme, by the way!
“ Let’s just hope we don’t experience another 9/11 but with open borders now the norm, well my eyes are always alert.“—More false wisdom from the witless. Your “eyes” might be “alert” but without a functioning brain behind them, they “see” nothing. The borders are not open. First restrictions occurred in 1921. The 1986 immigration act during Reagans term appears to be the root of the system we rely on today. All the constant Right Wing talk of open borders is making illegal immigrants believe we really do have open borders. Are you trying to create a self fulfilling prophecy? See… Read more »
Jeff Legan,
All I can say at this point is thank you so very, very much for being the consistently insistent voice of reason, one that has never been needed more. Without your brilliant analysis of the ongoing completely uncalled for and unnecessary assault on truth, reason and logic we would be in a far more untenable position. Thanks also for your steadfast dedication to the diligent exposure and systematic demolition of the endless drip of prevarications and provocations. You serve as the best defense we could have against the peculiar iteration of entrenched negativity at play here.
Have you been looking into your mirror for too long, again? Lol
Brings to mind the old expression “The twain shall never meet.”
Craig,
I prefer to abstain from mirror gazing because unlike Dorian Gray I don’t have a portrait.
I think the ‘only one’ who bothers reading your nonsense is Kaiser. Might I suggest you two get a room somewhere and hey, invite Adam Kinzinger and Liz Cheney and have a blast! Think about all the lies and distortions about Donald you four could come up with. Well, you might need some outside help when I think about it. At least you’re spending your valuable time writing essays and undoubtedly using ‘google’ extensively. Am I right? It’s a damned shame your solutions and conclusions are all incorrect, but I wouldn’t expect any less from a ‘liberal loon”.
I trust you’re aware of BizarroWorld, now serving as the official residence of the Trump-drunk people-bots of America. As to The Donald, his words and actions speak for themselves, making him by far the worst thing to happen to the Presidency in American history.
Kaiser, I wholeheartedly agree.
Major D,
Thank you for being someone who is willing to value the welfare of our nation and its people over the egregiously divisive personality cult of Donald Trump.
Ok, I’ll say now that it looks like I’ll eat my words on the Morgan and Peace proofs selling by the end of the year. Based on today’s available numbers, and this past week’s sales pace, it’s looking like sell-off will take 7 months for the Morgan (66,976 avail/2,490 per week) and 11 months for the Peace (87,697 avail/2,049 per week).
Weekly sales ending September 10:
Morgan Uncirculated: -85 (new total 273,824);
Morgan Proof: +2,490 (new total 328,568);
Peace Uncirculated: -1 (new total 272,391);
Peace Proof: +2,049 (new total 305,156).
On the other hand, if the latest weekly sales pace of 10,332 holds (with 103,704 available as of this morning) the 2023 (Clad) Proof set could very likely sell out by the end of the year.
I’m not going to say anything about that! Lol
Major D, I’m humble to a degree, Lol, but I have to say I told you so early on when I saw the 400,000 mintage number for the Proof versions on these…but to be fair, nobody knew for sure of course. BTW: Former long-time radio & tv talk show host Wendy Williams once said she would literally eat crow live on air on her tv talk show in NYCity if something didn’t turn out as she claimed it would…and she lost that bet, & did actually find a chef to cook a crow (which I didn’t even know could be… Read more »
Seth, perhaps with a little A1 Steak Sauce. lol. Speaking of hangers-on, still plenty of silver sets available (2021, 2022, 2022 Ltd Ed, 2023).
Major D and Seth, It shouldn’t come as a surprise that the silver coin sets from prior years are still lingering on the Mint’s shelves along with the many other assorted items of the Mint’s collection of the unsold. After all, the fact that whenever the Mint raises the price of a current silver set it simultaneously applies the new higher price to all the previously released silver sets would in and of itself likely act as a source of discouragement and serve as more than a little bit of a deterrent to any and all prospective buyers of these… Read more »