The U.S. Mint has allocated 1,073,500 ounces of American Eagle Silver bullion coins for sale to its authorized purchasers this week, a total that combines last week’s 73,500 unsold pieces with a new inventory of 1 million coins.
One-ounce Silver Eagles have sold 8,926,500 pieces so far this year, while American Eagle Gold bullion coins have sold a total of 186,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 46,500 pieces as of last Friday, while Shawnee 5 oz. bullion coins have been stuck at 75,000 pieces for more than a week.
The Mint sold 47,000,000 ounces of Silver Eagles and 801,500 ounces of Gold Eagles in all of 2015, while Gold Buffalo bullion coins sold 220,500 ounces last year. America the Beautiful 5 oz. bullion coins sold a total of 212,000 pieces last year, with recent issues averaging 45,000 coins per design.
At the time of this writing silver is valued at $15.00 per ounce, while gold is currently listed at $1,203.65 per ounce, according to the London Bullion Market Association. With gold hovering above the $1,200.00 mark, the Mint’s prices for numismatic gold coins were increased last Wednesday for the third time in four weeks, per the Mint’s pricing chart for precious medals.
The Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. This year marks the 30th anniversary of American Eagle bullion coins, which were introduced in 1986.