The United States Mint’s gold and silver bullion coin sales continue to show strength amidst the weakness in precious metals market prices. With half the year completed, sales of the American Silver Eagles are on pace for a record year, and sales of American Gold Eagles are nearly double the total for the comparable year ago period.
During June 2013, Silver Eagle sales reached 3,275,000 ounces. While this amount was down somewhat from the prior month when 3,458,500 ounces were sold, however it was up by 14.6% compared to the year ago period when sales reached 2,858,000 ounces.
As mentioned in the past, the current monthly sales totals for Silver Eagles are not a reflection of overall demand for the coins. The US Mint continues to conduct sales under their allocation program, which rations the available supplies amongst authorized purchasers. In January, record monthly sales had exhausted the Mint’s entire inventory of coins, necessitating an eleven day suspension. Following the suspension, sales were resumed on a rationed basis and have remained as such through the current date.
Year to date sales for the popular silver bullion coins have now reached 25,043,500. This amount is up by 44.0% from the mid year total for last year. More significantly, the year to date sales are up by 12.3% compared to the mid year sales total for 2011, when annual sales had achieved the current record high of 39,868,500.
June 2013 US Mint Bullion Coin Sales
|June 2013||YTD 2013|
|American Gold Eagle 1 oz||49,000||544,500|
|American Gold Eagle 1/2 oz||1,000||43,000|
|American Gold Eagle 1/4 oz||8,000||86,000|
|American Gold Eagle 1/10 oz||55,000||415,000|
|American Gold Buffalo 1 oz||17,000||161,500|
|American Silver Eagle 1 oz||3,275,000||25,043,500|
|America the Beautiful Silver 5 oz||25,300||114,200|
During June 2013, Gold Eagle bullion sales reached 57,000 ounces. The one ounce coins accounted for most of the total in ounces, although the one-tenth ounce size coins were the top seller. The monthly sales figure is down compared to the prior month when sales reached 70,000 ounces. It is also down slightly compared to the year ago period when sales were 60,000 ounces.
Year to date sales for Gold Eagles have now reached 629,000 ounces. This figure is up sharply compared to the mid year sales total of 343,500 ounces from last year.
The US Mint’s 24 karat American Gold Buffalo bullion coins added 17,000 ounces in the current month. The year to date total is now 161,500, more than double the 75,000 ounces sold during the first half of the prior year.
The America the Beautiful 5 oz. Silver Bullion Coins added sales of 25,300 units, accounting for 126,500 ounces of silver. During the month, the US Mint began sales for two new designs featuring Perry’s Victory and International Peace Memorial and Great Basin National Park.
Sales by design for the 2013 releases include 27,000 coins for White Mountain National Park, 14,200 for Perry’s Victory, and 9,900 for Great Basin. The balance of sales for this year are from remaining inventories of 2011 and 2012 dated coins.