The U.S. Mint’s American Eagle gold bullion sales dipped slightly in June, logging 73,500 total ounces sold to its authorized purchasers (AP’s) as compared to May’s tally of 76,500 ounces. Gold has been gaining strength, however, and is now valued at $1,340 an ounce according to the London Bullion Market Association; that marks an increase of $123.75 since the start of the month.
Sales of 2016 American Eagle Gold bullion coins are still far ahead of their 2015 counterparts: the 2016 end-of-June total is 501,000 ounces of Gold Eagles sold, 83.5% more than the 273,000 ounces tallied at this time last year.
American Buffalo gold bullion coins also saw demand slacken a bit, but still managed to push their year-to-date total to 112,500 pieces; last year’s end-of-June total was 96,500. Silver Eagles has their slowest sales month of the year by far, but the issues remain on pace to break last year’s sales record of 47 million ounces sold.
The following chart lists current U.S. Mint bullion offerings, with June 2016’s total coin sales included in the center column.
June 2016 US Mint Bullion Coin Sales
|June, 2016||Total 2016|
|American Gold Eagle 1 oz||62,500||406,000|
|American Gold Eagle 1/2 oz||3,000||46,000|
|American Gold Eagle 1/4 oz||10,000||86,000|
|American Gold Eagle 1/10 oz||70,000||505,000|
|American Gold Buffalo 1 oz||14,500||112,500|
|American Silver Eagle 1 oz||2,837,500||26,250,500|
|America the Beautiful Silver 5 oz||34,200||214,200|
The Mint released its Harpers Ferry 5 oz. silver bullion coins on June 6 and went on to sell 34,200 pieces of the issue, bringing the year’s overall total for America the Beautiful 5 oz. silver bullion coins to 214,200.
Silver is valued at $19.24 an ounce at the time of this writing, which marks a 21-month high for the commodity.
The U.S. Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. For more information on the Mint’s bullion program, please visit its Web site.