Liberty Coin Service

11/02/2026

As expected with the sudden price drop in precious metals below resistance points last Friday, there has been a surge of buying today. Gold is up more than 2% and silver up more than 3%. As of a couple minutes ago, here were the bid and ask spot prices at which Liberty Coin Service was calculating its buy and sell prices on physical precious metals products:

Gold: bid spot price $3,966.25/ask spot price $3,969.25
Silver: $50.84/$50.94
Platinum: $1,455.00/$1,463.00
Palladium: $972.00/$982.00

10/31/2026

US stock markets were clobbered today, led downward by many high tech stocks. This triggered a lot of margin calls to leveraged investors.

One consequence is that precious metals markets were also high hard. At the COMEX close gold was down about 3% from yesterday's close to finish at $3,885.75, Silver fell about 6% to close at $49.10. Both of these were the lowest COMEX closes of the year. Platinum and palladium were also lower, finishing at $1,438.00. and $985.00, respectively.

I believe that all four precious metals closed today below major resistance points. That could mean, if stock markets continue to plummet next week, that precious metals could sink further.

Since their peaks in August this year, the Down Jones Industrial Average today was down -4.4% and the Standard and Poors 500 was down -3.4%, From its peak just over 3 weeks ago, the NASDAQ has fallen more than -8.2%.

The scrambling of investors out of stocks into bonds and US Treasury debt pushed down slightly the interest rate yield on all maturities of US Treasury debt today, with the 10-year falling to 4.94%, its lowest rate since it was also 4.94% on September 17.

The US stock news isn't as bad as in Brazil. Since the current president was declared to be re-elected, the Sao Paulo Bovespa Index has plunged more than -18% in the past 8 days.

The results of US elections coming up Tuesday could push down US stock prices even further. If so, that would likely also knock down precious metals prices further in the short run. Still, gold and silver price levels right now look to be at bargain levels compared to what I expect to see within a year.

10/30/2026

This week's Numismatic News column by Liberty Coin Service Communications Officer Patrick A. Heller is titled, "What About Digital Gold?" You can view it by going to the Numismatic News website and clicking on that column.

What are the prospects for, the potential advantages of, and the obstacles to digital gold trading?

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10/29/2026

As expected, the Federal Open Market Committee left the federal funds interest rate unchanged at the conclusion of the latest meeting yesterday.

However, these announcements are almost always by unanimous vote of the 12 voting members. This time around the vote was 10-2 with the two no votes both wanting another 1/4% increase in this rate. This indicates there is a bias toward a possible rate increase in this interest rate at the next scheduled meeting in December.

One consequence of this decision was that the interest rate yield on US Treasury debt declined for maturities of 1 month through 2 years yesterday, was unchanged for 3 year maturities, and rose for 5 through 30 year maturities. This also signals an expectation of another rate hike in December.

Incidentally, the entire membership of the Federal Open Market Committee are the 7 Federal Reserve Bank governors appointed by the US president, with rotating 14 year terms, and the 12 presidents of the district Federal Reserve Banks. The 12 voting members include the 7 governors, the president of the Federal Reserve Bank of New York, and then a rotation of 4 of the other eleven district Federal Reserve Bank presidents.

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10/27/2026

Trivia contest:

Which US 2027 Quarter design was created by someone who graduated from high school in Michigan and received the Master of Fine Arts degree from the University of Michigan?

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10/27/2026

After the COMEX gold closed just under $4,000 last Friday, the buyers have jumped in to purchase. At the COMEX closes today, gold was up to $$4,058.75 and silver rose to $54.29. Platinum dipped slightly from yesterday to close at $1,535.00. Palladium's close is not yet reported but was last at $1,034.00.

As of a couple minutes ago here were the bid and ask spot prices at which Liberty Coin Service was calculating its buy and sell prices for physical precious metals products:

Gold: bid spot price $4,059.25/ask spot price $4,062.25
Silver: $54.38/$54.48
Platinum: $1,533.00/$1,541.00
Palladium: $1,031.00/$1,041.00

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10/27/2026

The US Mint today unveiled the designs of the five 2027 quarters honoring youth sports and the 2027 half dollar for handicap athletics. These themes will continue through 2030. New obverses for Washington and Kennedy.

To view them, you can go to the US Mint website, click on news, click on press releases, then click on the top option. You will see the announcement of the design themes through 2030 and can click within that news release to view the 2027 designs.

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10/26/2026

It's going to get worse before it gets better, as interest rates keep rising.

The data is out and bankruptcy filings increased 11.4% in the 12 months ending September 30, 2026.

Total bankruptcy cases reached 621,111, up from 557,376 the year before.

Business filings rose 12.5% to 27,054.

Non-business filings, which are mostly households, rose 11.4% to 594,057.

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10/22/2026

There is growing fear of resumption of soaring consumer prices, especially prompted by higher oil prices. China last month imported its highest quantities of coin since March.

That resulted in the Standard & Poors 500 Index falling more than -1% today and the NASDAQ declined -2.6%. As people fled stocks they shifted to bonds. The US Treasury 10-year interest rate yield fell below 5% to 4.96%, the first time it was below 5% since September 22. The US Dollar Index a couple minutes ago was 101.60, lower than it has closed since October 1.

Of course, in this market, precious metals prices were also clobbered today. At the COMEX close, gold fell to $4,024.25, silver dropped to its low close of the year at $54.62, platinum sank to $1,568.00, and palladium dipped to $1,058.00.

As of a couple minutes ago, if Liberty Coin Service were open, here were the bid and ask spot prices at which we would have calculated our buy and sell prices on physical precious metals products:

Gold: bid spot price $4,026.50/ask spot price $4,030.50
Silver: $54.46/$54.66
Platinum: $1,564.00/$1,574.00
Palladium: $1,042.00/$1,062.00

Liberty Coin Service will be open tomorrow normal hours 9:30 AM to 5:00 PM Eastern.

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10/22/2026

Go to the Numismatic News website to read this week's column, titled "Should US Nickel Production Be Ended?"

With the metal value of current nickels about 7-1/2 cents each and a cost of more than 10 cents each when you add labor and overhead, the Mint lost more than $50 million for 2025 productions. It either needs to change to a cheaper metal content (aluminum?) or cease production.

What do you think?

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