August 29, 2014

American Gold and Silver Eagle Bullion Sales Decline

Silver EagleThe United States Mint’s American Gold and Silver Eagle bullion coins each measured monthly sales declines compared to the year ago period. The decline for the silver comes as the US Mint recently lifted their allocation program, which had been limiting the number of coins authorized purchasers were able to order.

During June 2014, Silver Eagle sales reached 2,692,000 ounces. This amount was down from the prior month when sales were a more robust 3,988,500 ounces. The amount is down by 17.8% compared to the year ago period of June 2013 when sales were 3,275,000 ounces.

As mentioned, the US Mint recently lifted their allocation program, which had been in place for more than a year. The program is put in place when the market demand for the bullion coins exceeds the number of coins that are available for sale. The available coins are allocated amongst authorized purchasers, limiting the number which can be ordered. The program had been lifted as a result of both increased production and reduced demand.

For the year to date, Silver Eagle sales have reached 24,128,500. This is slightly lagging the sales figures from the last year, which had reached 25,043,500 after six months.

June 2014 US Mint Bullion Coin Sales

June 2014 YTD 2014
American Platinum Eagle 1 oz 700 12,900
American Gold Eagle 1 oz 43,000 198,500
American Gold Eagle 1/2 oz 2,000 27,000
American Gold Eagle 1/4 oz 4,000 72,000
American Gold Eagle 1/10 oz 35,000 360,000
American Gold Buffalo 1 oz 16,000 111,500
American Silver Eagle 1 oz 2,692,000 24,128,500
America the Beautiful Silver 5 oz 21,400 67,500

American Gold Eagle bullion sales measured 48,500 ounces during the month. While this figure measured a gain from the prior month when 35,500 ounces were sold, it was down from the year ago period of June 2013 when sales were 57,000 ounces.

For the year to date, Gold Eagle sales have reached 266,000 ounces. This is less than half of the 629,000 ounces sold in the first six months of the prior year.

Rounding out the monthly bullion sales were 700 of the one ounce American Platinum Eagles, 16,000 of the one ounce American Gold Buffalo Coins, and 21,400 of the America the Beautiful Five Ounce Silver Bullion Coins.

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