Last week, the U.S. Mint’s authorized purchasers (APs) bought 1,525,000 American Eagle silver bullion coins, up from 370,000 pieces sold during the previous period. Sales of ASEs for the month of November total 1,895,000 coins.
So far this year, one-ounce Silver Eagles have sold 36,295,500 pieces. We are 87% of the way through 2016, and sales for these issues are at 77% of last year’s total of 47 million ounces. To reach that total, Silver Eagle sales for 2016 would need to average more than 1.5 million each week—as they did this past week—for the remaining 7 weeks of the year.
Fort Moultrie (Fort Sumter National Monument) 5-ounce silver bullion coins were made available for sale last week, and the Mint’s APs ordered 24,800 of them. Theodore Roosevelt National Park silver bullion coins sold another 2,300 units, and the Mint reports an uptick of 300 units for Harpers Ferry National Historical Park as well. Combined sales for 2016’s five 5-ounce bullion coins have reached 276,800 units, for a total of 1,384,000 ounces of silver. 2016 has the second-largest annual mintage ever for 5-ounce America the Beautiful bullion coins (2011 ranks first, with the extremely high total of 465,100).
Total figures for all silver bullion (ASE and ATB) sold by the Mint—
- last week: 1,662,000 ounces.
- in 2016: 37,679,500 ounces.
The value of an ounce of silver is down from this time last week, having dropped by $1.26 an ounce to $17.00. Silver’s average last week, Monday through Friday, was $18.53 per ounce, up from the previous week’s average of $18.18. (Charts of the six-week averages for all precious metals are located at the bottom of the page.)
American Eagle gold bullion coin sales have reached a total of 873,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 37,500 ounces of bullion Gold Eagles sold, up from 28,000 ounces sold the previous week. American Buffalo 1-ounce gold bullion coin sales have reached 193,000 pieces; 10,000 units were sold during this period, compared to 5,500 the previous week. In 2015, the Mint sold 801,500 ounces of Gold Eagles and 220,500 ounces of Gold Buffalo bullion coins, for a total of 1,022,000 ounces. The Mint has now exceeded the 2015 total by 44,500 ounces.
Total amount of all gold bullion (AGE and AGB) sold by the Mint—
- last week: 47,500 ounces.
- in 2016: 1,066,500 ounces.
Gold’s value is down $55.40 an ounce from this time last week. Gold is now appraised at $1,226.95, according to the London Bullion Market Association. Gold’s average last week, Monday through Friday, was $1,270.15, down from the previous week’s average of $1,293.60.
The sales total for the 2016 American Eagle one-ounce platinum bullion coins is 20,000 units. Platinum is down $59.00 compared to this time last week, when it was priced at $995.00 per ounce; platinum is now appraised at $936.00 per ounce. Platinum’s average last week, Monday through Friday, was $994.00, compared to the previous week’s $990.80. ❑