Precious metals posted a second consecutive day of declines, with losses ranging from 0.8% for gold to 4.6% for palladium. Gold finished Tuesday at a near three-week low, while silver finished at a near four-week low.
Gold for December delivery lost $15.10 to settle at $1,973.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Oct. 18. Gold futures traded between $1,962.80 and $1,985.20. On Monday, they declined by 0.5%.
Meanwhile, silver for December dropped by 64.5 cents, or 2.8%, closing at $22.589 an ounce. The settlement was the lowest since Oct. 12. Silver futures ranged from $22.50 to $23.17. They slipped by 0.2% on Monday.
In other precious metals prices on Tuesday:
-
January platinum fell by $19.60, or 2.1%, to $898 an ounce, trading between $896.60 and $915.40.
- Palladium for December delivery tumbled by $51.50 to $1,062.80 an ounce, ranging from $1,057 to $1,115.
US Mint Bullion Sales in 2023
On Tuesday, the U.S. Mint increased its bullion sales for the first time this month, with gains of 8,500 ounces in American Gold Eagles, 356,000 ounces in American Silver Eagles, and 3,500 ounces in American Gold Buffalos.
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) | ||||||
|---|---|---|---|---|---|---|
| Tuesday / Week / November | Last Week | August | September | October | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 7,000 | 4,000 | 78,000 | 27,500 | 97,000 | 876,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 3,000 | 2,000 | 13,000 | 7,000 | 96,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 4,000 | 0 | 2,000 | 30,000 | 18,000 | 186,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 150,000 | 40,000 | 30,000 | 605,000 |
| $50 American Buffalo 1 Oz Gold Coin | 3,500 | 3,000 | 19,500 | 18,500 | 36,500 | 371,000 |
| $1 American Eagle 1 Oz Silver Coin | 356,000 | 632,000 | 3,124,000 | 2,970,000 | 3,938,000 | 22,203,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 12,700 |
Crush metal, sell stock after cyber Monday, buy metals when market opens Tuesday morning. Or you can buy after all the Monday deals expire and get it from China. For some reason they are collecting all of it, so if we buy it from China it hurts their goal.
Oh Jeff, with that well story.. notice the person comments they probably get cancelled for talking. And there you have it. Seen an issue (the fact that even with wells, nobody can be bothered to maintain them, they break, run dry, what’s the solution deliver bottle water instead so we get more pfas) but nothing done to really address it. But it really is they were afraid to speak up because they knew they get cancel. Perhaps we set up a GoFundMe for this guy when he gets fired for commenting.
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How are Palladium and “Boy George” alike? Wait for it… According to the article they will “tumble for you”! LOL
Some here may have an interest in what’s going on at or with the US Mint in November? November 28, the CCAC will meet and is offering a YT link which may prove entertaining to watch. On the agenda. (Federal Register) “Review and discussion of reverse candidate designs for the 2025 American Innovation $1 Coins honoring innovations in Michigan and Arkansas; review and discussion of obverse and reverse candidate designs for the Army Rangers of World War II Congressional Gold Medal; review and discussion of reverse candidate designs for the 2025 Native American $1 coin; review and discussion of obverse… Read more »
IMO, the one agenda item of discussion that is of most importance, is the “ review and discussion of Flowing Hair gold coin and silver medal.” US mint, please make this a true throwback, re-issue! Isn’t there any way to maintain those “Flowing Hair” design executions from “yester -year” without having to modernize or cleanup/sterilize by updating or rendering in “What You Think the Original Artist Intended”, if they had a CAD program to utilize? Make them rustic (no artificial antiquing though) and maybe hand engrave the working dies, as the originals(?) had been? Wouldn’t it be better to have… Read more »
Did you know that the 1794 Flowing Hair $1’s were produced from: “A single pair of dies accounts for all known examples of this date. Many examples show adjustment marks on one or both sides, where excess metal was filed from the planchet before striking. ”
Interesting CoinFacts from Ron Guth and our friends at PCGS. A short(1 min), informative read.
https://www.pcgs.com/coinfacts/coin/1794-1/6851