A decline in precious metals prices led to a surge in United States Mint gold and silver bullion coin sales during April 2013. The American Silver Eagle continues to remain on pace to achieve record annual sales. American Gold Eagle sales were up by a blistering 947.5% compared to the year ago period and reached their highest monthly sales total in more than three years.
For the month of April, the US Mint recorded sales of 4,087,000 of the one ounce Silver Eagle bullion coins. This was up 21.8% from the prior month when sales had reached 3,356,500 ounces. It was up by 168.9% from the year ago period of April 2012 when sales were 1,520,000 ounces.
For the year to date, Silver Eagle sales have now reached 18,310,000. This is running about 20% ahead of sales for the corresponding period of 2011 when annual sales had reached a record high of 39,868,500 ounces. Barring a downturn in demand or a significant supply distribution, this year may see a new annual record achieved.
Earlier in the year, the US Mint suspended sales of the popular silver bullion coin and resumed sales under an allocation program which rations available supplies amongst authorized purchasers. The coins continue to be subject to rationing, which has had the impact of increased premiums for retail buyers.
April 2013 US Mint Bullion Coin Sales
|April 2013||YTD 2013|
|American Gold Eagle 1 oz||187,500||434,000|
|American Gold Eagle 1/2 oz||14,000||40,000|
|American Gold Eagle 1/4 oz||26,000||72,000|
|American Gold Eagle 1/10 oz||85,000||300,000|
|American Gold Buffalo 1 oz||37,000||132,000|
|American Silver Eagle 1 oz||4,087,000||18,310,000|
|America the Beautiful Silver 5 oz||0||63,100|
For April 2013, Gold Eagle bullion sales reached 209,500 ounces across the four available sizes. This was more than triple the previous month when sales were 62,000 ounces. This month’s total marked a whopping increase of 947.5% from the year ago period of April 2012 when sales were merely 20,000 0unces.
During the month, the US Mint suspended sales of the one-tenth ounce sized coins. Other options have remained available without disruption.
For the year to date, Gold Eagle sales have reached 502,000 ounces. This is 117.8% higher compared to the sales for the corresponding period of the prior year.