Issue 29 · week ending November 3, 2026
November 3, 2026
Gold gave back part of Monday's rebound on Election Day as the World Gold Council reported a 19% drop in third-quarter bar and coin demand, while a 1795 half eagle led Gold Standard Auctions' Cleveland sale and CoinWeek explained why the 1870-CC double eagle is so scarce.
Gold slipped Tuesday morning after gaining about 2% on Monday, as a rebound in oil revived inflation worries ahead of the US midterm elections.
Reuters, via Kitco printed spot gold down 1.1% at $3,903.48 an ounce by 1202 GMT; spot silver down 3.3% at $48.96; platinum $1,421.43; palladium $939.41 (2026-11-03).
Gold and silver recovered Monday from Friday's selloff as crude oil fell more than 7% on reports of progress toward US-Iran talks.
Kitco News (Kitco NewsWire) printed spot gold near $3,945.80, up $71.40 (1.84%); spot silver near $50.800, up $1.800 (3.67%) (2026-11-02).
The World Gold Council's third-quarter report shows bar and coin demand fell as central banks and gold ETFs stepped up their buying.
World Gold Council printed Q3 bar and coin demand 268t, down 19%; total demand 1,369t, down 1% y/y; central banks 321t; ETF inflows 211t; LBMA PM gold averaged US$4,262/oz in Q3 (2026-11-03).
A 1795 $5 gold half eagle in Uncirculated condition topped Gold Standard Auctions' 2,624-lot Cleveland Craftsman sale that closed Nov. 1.
Gold Standard Auctions printed 1795 $5 half eagle $47,500; 1799 $10 eagle $32,500; 1907 High Relief $20 $22,000; top 20 lots $346,250. Hammer prices, before the buyer's premium (2026-11-01).
CoinWeek explains how a Carson City Mint without a bullion fund struck just 3,789 double eagles in 1870, a date with no accepted Mint State example known today.
CoinWeek printed 3,789 minted; a circulated example brought $1.62 million in November 2021 and another sold for $341,600 in September 2026; PCGS CoinFacts lists 41 examples (2026-11-03).
With the president's facsimile signature now replacing the Treasurer's on new US notes, Richard Giedroyc looks at which denominations and star notes could turn up in short supply.
Numismatic News printed no sale figure.
On the site: coin melt calculator · Find a coin dealer near you · Find upcoming coin shows
All issues · Check spot-based melt values · Browse coin series · Find a dealer near you