Defying the typical seasonal sales patterns, the United States Mint sold 4,460,500 of the one ounce American Silver Eagles during September 2011. This is up from the prior month when 3,679,500 coins were sold, and more than double the 1,880,000 coins sold in the year ago period.
While September is typically one of the US Mint’s slower months for silver bullion sales, monthly sales for the current year rank as the second highest total to date. Only January 2011 experienced higher sales when 6,422,000 ounces were sold, which also represented an all time monthly sales record.
For the year to date, American Silver Eagle sales have now reached 33,411,500. The record for annual sales is 34,662,500, which was achieved in 2010.
September 2011 US Mint Bullion Coin Sales
|Sept 2011||YTD 2011|
|American Gold Eagle 1 oz||87,500||760,000|
|American Gold Eagle 1/2 oz||1,000||62,000|
|American Gold Eagle 1/4 oz||2,000||72,000|
|American Gold Eagle 1/10 oz||25,000||345,000|
|American Silver Eagle 1 oz||4,460,500||33,411,500|
|America the Beautiful Silver 5 oz||2,900||383,800|
|American Gold Buffalo 1 oz||13,000||132,500|
The US Mint’s other silver bullion option did not fare nearly as well. The America the Beautiful Silver Bullion Coins sold only 2,900 units. This series has experienced significantly less interest than the traditional one ounce Silver Eagles. See a breakdown of 2011 ATB Silver Bullion Coin Sales.
Meanwhile, the Mint sold 104,000 ounces worth of gold bullion coins. This consisted of 91,000 ounces worth of American Gold Eagles across the available one ounce, half ounce, quarter ounce, and tenth ounce sizes, and 13,000 of the one ounce American Gold Buffalo coins.
Last month, gold bullion sales had reached 140,000 ounces across all options. In the year ago period, gold bullion sales were 98,000 ounces.