For the second month in a row, sales of the United States Mint’s American Gold Eagle bullion coins were sharply lower compared to the level of the prior year. Despite the weakness in gold sales, the American Silver Eagle bullion coins maintained strength and remain on pace for record annual sales.
For the month of September 2013, Gold Eagle bullion sales measured 13,000 troy ounces. The top seller by unit volume was the smallest 1/10 oz sized coins which sold 10,000 units. The largest 1 oz sized coins with sales of 8,500 accounted for the majority of the total weight sold.
The latest monthly sales are down by 81% compared to the year ago period of September 2012 when sales had reached 68,500 ounces. Sales did mark a small gain compared to the prior month when sales registered at a six year low of 11,500 ounces.
September 2013 US Mint Bullion Coin Sales
|Sept 2013||YTD 2013|
|American Gold Eagle 1 oz||8,500||605,000|
|American Gold Eagle 1/2 oz||5,000||53,000|
|American Gold Eagle 1/4 oz||4,000||104,000|
|American Gold Eagle 1/10 oz||10,000||465,000|
|American Gold Buffalo 1 oz||10,000||200,000|
|American Silver Eagle 1 oz||3,013,000||36,088,000|
|America the Beautiful Silver 5 oz||22,900||173,100|
American Silver Eagle bullion sales for the month measured 3,013,000 troy ounces. While this is a high monthly total by historical standards, it does represent the lowest monthly sales for the year to date.
The sales figure represents a slight decline from the year ago period when sales reached 3,255,000 ounces and also a decline from the prior month when sales were 3,625,000.
For the year to date, Silver Eagle sales have now reached 36,088,000 ounces. The current annual sales record for the popular bullion coins is 39,868,500 reached in 2011.
During the month, the US Mint also offered the one ounce 24 karat American Gold Buffalo bullion coins, which recorded sales of 10,000 coins. The five ounce America the Beautiful Silver Bullion Coins added 22,900 units accounting for 114,500 ounces of silver.