Weekly Market Overview for Week of Monday - November 10, 2025

The week in rare coins and precious metals was marked by dramatic price swings, driven by shifting Federal Reserve policy expectations, macroeconomic headlines, and a historic transition in U.S. coinage. 

Gold and silver surged to multi-week highs as shutdown resolution optimism and falling yields fueled risk-on sentiment, only to retrace late in the week amid hawkish Fed commentary. 

Silver outperformed gold for much of the week, narrowing the gold-silver ratio before both metals pulled back. 

The rare coin market saw robust demand for high-grade classics and modern U.S. Mint issues, especially as collectors responded to the end of cent production. 

Liquidity remained strong, with premiums volatile on moderns and selectivity crucial for sellers. 

Forward-looking, the market appears poised for consolidation, with attention fixed on Fed guidance, dollar strength, and ongoing volatility in silver.

Daily Market Breakdown

Monday November 10 

The week began on a powerful note for precious metals, with gold and silver experiencing sharp price surges Monday following news of a potential breakthrough in U.S. Senate negotiations to end the government shutdown. 

Gold spot prices leapt over $100 per ounce, reopening above $4,089 and reaching two-week highs, while silver rallied over 4.5% to close just above $48 per ounce, a level not seen in over three weeks. 

The gold-silver ratio narrowed as silver’s dynamic performance reflected both renewed investor interest and persistent industrial demand, with analysts highlighting China’s green energy initiatives as a supportive backdrop for silver and platinum-group metals.

Alongside bullion, the rare coin market saw a surge in demand for high-grade U.S. gold pieces, and a few top specimens reached record valuations, fueled by a new wave of collectors and the ongoing appeal of hard assets as inflation hedges.

Tuesday November 11 

By Tuesday, bullish sentiment dominated the markets as the shutdown resolution appeared imminent. 

Gold closed at $4,119.86 per ounce, while silver continued its rally, finishing at $50.49. 

Robust buying was reported across physical and ETF markets, with silver outpacing gold due to its technical momentum and volatility. 

The rare coin sector echoed this enthusiasm, with dealer and auction activity brisk and continued focus on high-quality U.S. issues and modern Mint releases.

Wednesday November 12 

Midweek, the U.S. Mint’s official discontinuation of the penny on Wednesday, November 12, galvanized both collectors and speculators. 

The final rolls and boxes of 2025 Lincoln cents sold at premiums, while the last five “omega-marked” pennies were projected to command multimillion-dollar bids at auction. 

Gold prices saw mixed action, closing at $4,142.30, but silver maintained its gains, trading above $51 and posting a 74% year-over-year increase. 

Gold ETF inflows remained robust, highlighting sustained investor confidence, and the rare coin market saw “panic hoarding” of modern issues despite caution from some analysts about long-term rarity prospects.

Thursday November 13 

Thursday saw the rally extend, with gold peaking at $4,220 before closing at $4,190.74 and silver briefly breaking above $54. The gold-silver ratio compressed further, reflecting silver’s relative strength. 

The rare coin market continued to benefit from media attention, especially on record-setting Lincoln Wheat Pennies and the approaching auction of the last U.S. pennies. 

The U.S. government’s official designation of silver as a “critical mineral” underscored structural supply deficits and sustained industrial demand, even as tariff and trade policy volatility drove record silver deliveries into CME vaults.

Friday November 14 

The tide turned Friday as hawkish Federal Reserve commentary sharply reduced expectations for a December rate cut, sending gold and silver prices tumbling. 

Gold dropped as much as $168 from Thursday’s high, settling between $4,052 and $4,199.

Silver fell to the low $50s, and the gold-silver ratio rebounded toward 80.5. 

Despite the pullback in metals, rare coin demand remained robust for high-profile pieces, with the Lincoln Wheat Penny and the last U.S.-minted pennies commanding intense collector and investor interest. 

Market sentiment grew more cautious, with institutional and retail investors locking in profits after a stellar year-to-date performance for gold and silver.

Saturday November 15

By the weekend, the market was consolidating. 

Gold ended Saturday at $4,080.74, down 2.54% on the day, and silver at $50.58, off 3.82%. The gold-silver ratio hovered near 80.6. 

While the week’s earlier rally was attributed to shutdown resolution hopes and persistent inflation concerns, the late-week reversal reflected the Fed’s hawkish shift and increased volatility. 

The rare coin market entered an “adjustment phase” for bullion-related issues but continued to see strength in high-end rarities and new U.S. Mint commemoratives, such as the forthcoming American Silver Eagle Marine Corps 250th Anniversary Proof.

Sunday November 16 

On Sunday, prices stabilized, with gold closing unchanged and silver drifting slightly lower to $50.56. 

The rare coin market remained buoyed by strong demand for historically significant and low-mintage pieces, with the 1909-S $10 Indian gold coin and high-grade Lincoln Wheat Pennies highlighted as top performers. 

The week’s dramatic swings underscored the importance of timing and quality for sellers, as well as the need to align sales with periods of strong dealer and collector demand.

Looking ahead, the market is expected to consolidate further, with sensitivity to upcoming Fed guidance, dollar movements, and new economic data. 

Silver’s volatility is likely to persist, and sellers of quality material should continue to find supportive market conditions provided they emphasize grading, originality, and provenance in their offerings.

Thinking about selling your rare coin collection?

Thinking about selling your rare coin collection?

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