Gold spot prices have fallen to just above $3,300, down early this week after dipping slightly (just 0.1 and 0.2%) in May and June. The Independence Day holiday meant that U.S. financial markets were closed Friday, and a delay in trade negotiations has also lessened haven demand for gold. The Trump administration announced the possibility of tariff reprieves for several countries, leading to a longer negotiation period over tariffs.
In numismatics, there is a strong tradition of set-building. Collectors often have the goal of assembling interesting, themed and relevant groups of coins such as buying one of every date, design type and mintmark. The basic concept is to establish a collecting objective and work towards completing it. Owning a complete set increases the value of coins compared to owning individual coins.
Some series are better for set-building than others. Some coinage series are filled with key dates that are difficult to find and prohibitively expensive. For instance, it is currently impossible for a collector to build a complete set of Three Dollar gold pieces because the unique 1870-S is impounded in a museum. $20 Saint-Gaudens Double Eagles are another example. There are at least 10 different dates that cost well into five, six, or even seven figures. A complete set can be assembled, but it would require a massive budget.
The $2.50 Indian is the only United States gold series that can be affordably completed.
Whether it’s the record-breaking rise of gold in the ongoing bull market, the recent 13-year highs in silver, the wild rise and fall of palladium, or the current comeback rally in platinum, it pays to pay attention to precious metals.
Did you know that platinum prices are up 44% this year?
Aside from questions about the differences between owning mining stocks and exchange traded funds versus physical gold ownership, confiscation is probably the most-asked question I hear from clients and prospective clients.
Silver rallied in a major way last week and currently sits just above $36 an ounce. Silver also added 0.6% in May after dropping 5.2% in April and advancing 9.9% in March. It gained 21% in 2024, and is already up more than 20% in 2025.
As gold continues to hit brand new peaks throughout this market, other precious metals are buoyed up by the moment. Silver is not only a precious metal, but it’s an industrial one as well, which means movements to the upside or downside can be quite volatile in the short term. The current momentum for silver is also being fueled by industrial demand, especially in the solar and EV sectors.
Consolidation at this level is to be expected after silver's explosive movement last week. Silver tapped out at a 13-year high!
Analysts are citing the $37 level as the next key resistance, but breaking and holding at this level would potentially open up a move to $40. Silver is inching closer and closer to the previous bull market high of $50 an ounce.
Yet, premiums in gold and silver bullion remain low. So low, in fact, that we're able to offer silver at an unheard of premium. 0% premium.
Carson City gold coins are among the most alluring and intriguing items in American numismatics. They boast an exciting combination of extreme rarity and fascinating history.
The U.S. dollar weakened Monday amidst new uncertainty surrounding President Trump’s tariff policies. The dollar index fell 0.4% against a basket of peers, making bullion cheaper for holders of other currencies. In response, safe haven demand drove gold up 2%.
