For November 2011, sales of the United States Mint’s most popular gold and silver bullion coins fell to their lowest monthly levels in years. This perpetuates a slow down in bullion sales that began in the previous month
Sales of the one ounce American Silver Eagle bullion coins were 1,384,000 for November. This is down by more than 50% from the previous months total of 3,064,000. It is down by nearly two-thirds from the year ago period when sales of 4,260,000 were achieved.
Lower monthly sales for the typically popular Silver Eagles have not been seen since July 2008. Around this time, sales levels were frequently impacted by periodic suspensions and an ongoing allocation program, which limited the number of bullion coins that authorized purchasers could order from the United States Mint.
According to Michael White of the United States Mint’s Office of Public Affairs, during November 2011, there was no disruption in the availability of American Eagle gold and silver bullion coins. The sales figures constitute the orders placed by authorized purchasers.
American Gold Eagle bullion coin sales totaled 41,000 ounces for November 2011. This is down from 50,000 ounces in the previous month, and down more significantly from the 112,000 ounces sold in the year ago period. Lower monthly sales for Gold Eagles have not been seen since June 2008.
During the month, the United States Mint offered two additional bullion options. The 24 karat one ounce American Gold Buffalo coins had sales of 8,500. The five ounce America the Beautiful Silver Bullion Coins experienced sales of 3,300, accounting for 16,500 troy ounces of silver.
November 2011 US Mint Bullion Coin Sales
|Nov 2011||YTD 2011|
|American Gold Eagle 1 oz||38,500||844,500|
|American Gold Eagle 1/2 oz||0||65,000|
|American Gold Eagle 1/4 oz||4,000||82,000|
|American Gold Eagle 1/10 oz||15,000||370,000|
|American Gold Buffalo 1 oz||8,500||153,500|
|American Silver Eagle 1 oz||1,384,000||37,859,500|
|America the Beautiful Silver 5 oz||3,300||393,300|