The U.S. Mint’s bullion sales remained strong in March despite a 41% drop in demand for American Gold Eagles as compared to February. In spite of this slow down, Gold Eagles still posted 109,000 coins sold across all options, which equated to 38,000 ounces. This keeps the 2016 Gold Eagles way out in front of the end-of-March total posted by the 2015 issues, which hit 146,000 ounces sold. This year’s figure for the same period increased by an impressive 68% to 245,500 ounces sold.
Silver Eagles continued to sell at a record-breaking pace, moving over four million units in March. Gold Buffaloes dipped to 7,000 units sold, down from 19,000 in February, but the end-of-March total of 60,000 pieces is still more than the 56,000 coins sold after the first quarter of last year.
The following chart lists current U.S. Mint bullion offerings, with March 2016’s total coin sales included in the center column.
March 2016 US Mint Bullion Coin Sales
|American Gold Eagle 1 oz||29,000||204,000|
|American Gold Eagle 1/2 oz||1,000||31,000|
|American Gold Eagle 1/4 oz||4,000||54,000|
|American Gold Eagle 1/10 oz||75,000||340,000|
|American Gold Buffalo 1 oz||7,000||66,000|
|American Silver Eagle 1 oz||4,106,000||15,964,000|
|America the Beautiful Silver 5 oz||105,000||105,000|
|*through April 11|
Sales of the Shawnee 5 oz ATB silver bullion coins have been stuck at 105,000 pieces for several weeks and are unlikely to go any higher. The Mint is due to release the next issue in the series, the Cumberland Gap National Historical Park 5 oz. coin, any time now, but an official release date has not been established. Some bullion dealers have the issue available for pre-order, however; for example, APMEX expects to start shipping these issues around April 29.
The U.S. Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. The Mint also expects to release platinum bullion coins in 2016, though an on-sale date for the items has not been determined. For more information on the Mint’s bullion program, please visit its Web site.