The Mint has updated its American Eagle gold bullion figures, which were lagging behind earlier this week. The current precious-metals bullion sales report thus covers the period from the last report (May 1, 2017) through May 11, 2017.
As of May 11, 2017, the U.S. Mint’s authorized purchasers (APs) have bought 9,772,500 American Eagle silver bullion coins. During the span covered by this report, 450,000 ASE’s were sold. In 2016, the Mint sold 37,701,500 ASE coins; with 33 weeks left in 2017, sales would need to average more than 846,300 each week to equal last year’s total.
Also during this reporting period, the Mint records sales of 1,200 America the Beautiful Frederick Douglass National Historic Site 5-ounce bullion coins, along with an additional 500 Effigy Mounds National Monument 5-ounce bullion coins. These sales together account for 8,500 ounces of silver for the period; 204,000 ounces’ worth of ATB 5-ounce silver coins have been sold this year.
The total volume of silver bullion sold by the Mint during this period comes to 458,500 ounces, with the year-to-date total reaching 9,976,500 ounces.
|Past Week||Year to Date|
|American Eagle 1-oz. silver coins||450,000||450,000||9,772,500||9,772,500|
|America the Beautiful 5-oz. silver coins (all)||1,700||8,500||40,800||204,000|
|Effigy Mounds National Monument||500||2,500||21,200||106,000|
|F. Douglass National Historic Site||1,200||6,000||19,600||98,000|
The value of an ounce of silver on this day last week was $16.50 according to the London Bullion Market Association. Silver’s average last week, Monday through Friday, was $16.64 per ounce, a 98-cent drop from the previous week’s average of $17.62.
Over the course of this reporting period, 1-ounce American Eagle gold bullion coins sold a reported 2,000 ounces. (No sales are recorded for 1/4-ounce AGE coins for the period.) This brings the Mint’s year-to-date total for American Gold Eagles to 176,000 ounces. American Buffalo 1-ounce gold bullion coins sold 1,000 units for the period, bringing the 2017 total for the coins to 61,000 ounces of gold. For both coin types together, the Mint’s year-to-date figure is 237,000 ounces of gold.
|Past Week||Year to Date|
|American Eagle gold coins (all)||11,500||2,000||421,500||176,000|
|American Buffalo 1-oz. gold coins||1,000||1,000||61,000||61,000|
The value of an ounce of gold is down $5.30 since this day last week, when it closed at $1,228.45. It is currently priced at $1,223.15 per ounce. Gold’s average last week, Monday through Friday, was $1,240.56, down from the previous week’s average of $1,265.66.
The sales total for the 2017 American Eagle one-ounce platinum bullion coins is 20,000 units. The value of an ounce of platinum dropped by $5.00 since last Thursday, and is now at $906.00. The metal’s average last week, Monday through Friday, was $910.25, down from the previous week, when it averaged $949.60.
In anticipation of the U.S. Mint’s first-ever palladium bullion coin, Coin Update is now tracking palladium values in this report. The metal is currently at $801.00 per ounce according to the London Bullion Market Association, precisely the same price as on this day last week. The average value of an ounce of palladium last week was $806.25, up a bit from the previous week’s average of $804.60. ❑