Silver
As of March 21, 2017, the U.S. Mint’s authorized purchasers (APs) have bought 7,607,500 American Eagle silver bullion coins. This includes a reported 765,000 coins sold during the past week—a significant increase from the previous week’s sales total of 220,000 coins.
This is the third consecutive week for which the Mint has reported no sales of the 2017 America the Beautiful Effigy Mounds National Monument 5-ounce bullion coins. The number sold remains at 19,500, for a total of 97,500 ounces of silver.
| Past Week | Year to Date | |||
| Coins | Ounces | Coins | Ounces | |
| American Eagle 1-oz. silver coins | 765,000 | 765,000 | 7,607,500 | 7,607,500 |
| America the Beautiful 5-oz. silver coins (all) | 0 | 0 | 19,500 | 97,500 |
| Effigy Mounds National Monument | 0 | 0 | 19,500 | 97,500 |
| Total silver | 765,000 | 765,000 | 7,627,000 | 7,705,000 |
The value of an ounce of silver is up by 21 cents since Tuesday of last week, ending the day at $17.21 according to the London Bullion Market Association. Silver’s average last week, Monday through Friday, was $17.16 per ounce, down just a bit from the previous week’s average of $17.39.
Gold
Reported sales figures for gold bullion coins are well up from the prior report. For the last week the Mint reports sales of 7,000 ounces of American Eagle gold bullion coins—twice the previous week’s figure of 3,500 ounces. This includes 500 ounces’ worth of 1/4-ounce AGE coins (the first time any figure for this fractional size has been reported this month). All told, American Gold Eagles have sold 160,000 ounces in 2017.
Actual sales of American Buffalo 1-ounce gold bullion coins are a bit tricky to calculate from the Mint’s recent reports. The previous two March reports showed adjustments to the final February sales figures, but no March sales. The year-to-date total as of last week’s report was 49,000 of the 1-ounce coins. On the current report, the Mint has once again adjusted the final February figure, this time lowering it by 500, and has credited 5,000 sales to the March total. Skipping over the up-and-down weekly adjustments, the net increase in AGB sales since last week’s report is 3,000 ounces.
| Past Week | Year to Date | |||
| Coins | Ounces | Coins | Ounces | |
| American Eagle gold coins (all) | 26,500 | 7,000 | 375,000 | 160,000 |
| 1/10-oz. | 20,000 | 2,000 | 190,000 | 19,000 |
| 1/4-oz. | 2,000 | 500 | 42,000 | 10,500 |
| 1/2-oz. | 0 | 0 | 25,000 | 12,500 |
| 1-oz. | 4,500 | 4,500 | 118,000 | 118,000 |
| American Buffalo 1-oz. gold coins | 3,000 | 3,000 | 52,000 | 52,000 |
| Total gold | 29,500 | 10,000 | 424,000 | 209,000 |
The value of an ounce of gold is up a bit from last Tuesday, having risen by $37.00 to $1,241.60. Gold’s average last week, Monday through Friday, was $1,213.31, just 11 cents off the previous week’s average of $1,213.20.
Platinum
The sales total for the 2017 American Eagle one-ounce platinum bullion coins is 20,000 units. The value of an ounce of platinum is up $25.00 compared to this time last week, and is now at $962.00. The metal’s average last week, Monday through Friday, was $944.60, a bit down from $957.80 the previous week.
Palladium
In anticipation of the U.S. Mint’s first-ever palladium bullion coin, the design for which was discussed in today’s Citizens Coinage Advisory Committee (CCAC) meeting in Washington, D.C., Coin Update will begin to track palladium values in this report. The metal is currently at $777.00 per ounce according to the London Bullion Market Association, up $27.00 from last week’s value of $750.00. The average value of an ounce of palladium last week was $757.60, five dollars down from the previous week’s average of $762.60. ❑
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