Issue 17 · week ending October 22, 2026
October 22, 2026
Gold slid to its lowest in more than two months, the Royal Mint reported record silver and platinum sales, and a bill letting Treasury change the nickel's metal went to the President. Plus a record start for the Innovation reverse proof set.
Spot gold slid 1.9% to $4,060.37 an ounce by 11:34 GMT Thursday, its lowest since Aug. 4, as an oil rally raised inflation worries ahead of the Fed's Oct. 27–28 meeting. Spot silver fell 3.9% to $55.72.
Kitco News (Reuters) printed spot gold $4,060.37/oz (−1.9%), lowest since Aug. 4; spot silver $55.72 (−3.9%) (2026-10-22).
The Royal Mint says silver bullion purchases on royalmint.com rose 295% in the first nine months of 2026 versus 2025 and platinum bullion revenue rose 118%, both above any previous full year. Gold coin revenue rose 21% in the third quarter over the second, and first-time buyers made up 29% of customers.
Kitco News (Neils Christensen) printed silver bullion purchases +295% and platinum bullion revenue +118% in the first nine months of 2026 (2026-10-21).
The Bank of Russia sold 200,000 troy ounces (6.2 tonnes) of gold in September, its tenth straight monthly reduction, leaving holdings at 72.8 million ounces (2,264 tonnes), the lowest since the end of 2019.
Kitco News (Ernest Hoffman) printed 6.2 tonnes sold in September; holdings 2,264 tonnes (2026-10-21).
The 2026 American Innovation $1 Reverse Proof Set opened with 49,365 sold in the Mint's report through Oct. 18, the strongest debut since the line began in 2021. The set went on sale Oct. 13 at $60. The 2026 Proof Set total was revised down 8,484 to 370,794.
CoinNews.net (Mike Unser) printed 49,365 sets in the first report; 2026 Proof Set revised to 370,794 (2026-10-21).
The Common Cents Act (H.R. 10167), which passed the House Sept. 14 and the Senate Sept. 28, has gone to the President. It lets Treasury strike the 5-cent coin in a clad format with a zinc core between nickel layers alongside today's copper-nickel, and sets procedures for ending circulation production of any denomination.
Coin World (Paul Gilkes) printed no sale figure.
The Mint marked the Gettysburg Address quarter, the last of the five Semiquincentennial quarters, at an Oct. 21 ceremony at Gettysburg with Treasurer Brandon Beach and Mint Director Paul Hollis. Collector two-roll sets ($56) and 100-coin bags ($63 each) go on sale Nov. 13 at noon ET.
CoinWeek printed two-roll set $56; 100-coin bags $63; on sale Nov. 13 (2026-10-21).
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