Earlier this week, the U.S. Mint reported robust opening day sales for 2016 American Eagle gold and silver bullion coins, with 2,756,500 ounces of silver and 60,000 ounces of gold purchased by the Mint’s authorized buyers on day one.
Demand has remained high since then; as of Thursday afternoon, the Mint has run out of the four million American Eagle 1 oz. silver coins it had allocated for this week. This allocation was unusually large, as the available inventory of silver bullion has often hovered around one million coins per week in recent months. The Mint also reported sales of 15,000 ounces of gold since Tuesday, bringing the current tally for the week to 75,000 ounces sold.
As a point of comparison, the Mint sold 47,000,000 ounces of Silver Eagles and 1,839,500 ounces of Gold Eagles in all of 2015. At the time of this writing silver is valued at $13.80 per ounce, while gold is listed at $1,081.10 per ounce, according to the London Bullion Market Association.
The Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. This year marks the 30th anniversary of American Eagle bullion coins, which were introduced in 1986.