Early last week, the Mint announced that several of its bullion categories were sold out: Theodore Roosevelt National Park 5-ounce silver bullion coins; American Eagle gold 1-ounce, 1/4-ounce, and 1/10-ounce coins; and American Eagle silver 1-ounce coins. The only gold Eagles available for sale last week were the 1/2-ounce size. The 1-ounce American Buffalo gold coins are still available, as are the 5-ounce America the Beautiful coins for Harpers Ferry National Historical Park and Fort Moultrie (Fort Sumter National Monument).
Thus, the report for the week ending December 11, 2016, is rather quiet. The U.S. Mint’s authorized purchasers (APs) bought 100,000 American Eagle silver bullion coins before they were declared sold out. The Mint will begin accepting orders for 2017-dated ASEs on January 9 (see below). All told, one-ounce Silver Eagles sold 37,701,500 pieces this year, falling 9.3 million short of last year’s total of 47 million ounces.
The figure for Fort Moultrie (Fort Sumter National Monument) 5-ounce silver bullion coins is once again unchanged on this week’s Mint report. The Harpers Ferry National Historical Park 5-ounce bullion-coin figure is also unchanged. Total figures for each type are as follows:
- Shawnee National Forest—105,000
- Cumberland Gap National Historical Park—75,000
- Harpers Ferry National Historical Park—38,100
- Theodore Roosevelt National Park—40,000
- Fort Moultrie (Fort Sumter National Monument)—27,800
Combined sales for 2016’s five 5-ounce bullion coins total 285,900 units, for a grand total of 1,429,500 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).
Net amount of all silver bullion (ASE and ATB) sold by the Mint—
- last week: 100,000 ounces.
- in 2016: 39,131,000 ounces.
The value of an ounce of silver is slightly up from this time last week, having risen by $0.22 an ounce to $17.01. Silver’s average last week, Monday through Friday, was $16.85 per ounce, a bit up from the previous week’s average of $16.51. (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 965,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 500 ounces of bullion Gold Eagles (1/2-ounce size only) sold. American Buffalo 1-ounce gold bullion coin sales have reached 214,000 pieces; 1,500 units were sold during this period, compared to 11,000 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 last year’s total by 157,000 ounces.
Net amount of all gold bullion (AGE and AGB) sold by the Mint—
- last week: 2,000 ounces.
- in 2016: 1,179,000 ounces.
Gold’s value is down $13.95 an ounce from this time last week. Gold is now appraised at $1,158.55, according to the London Bullion Market Association. Gold’s average last week, Monday through Friday, was $1,169.40, down from the previous week’s average of $1,177.40.
The sales total for the 2016 American Eagle one-ounce platinum bullion coins is 20,000 units. Platinum is down $7.00 compared to this time last week, when it was priced at $930.00 per ounce; platinum is now appraised at $923.00 per ounce. Platinum’s average last week, Monday through Friday, was $936.00, compared to the previous week’s $914.40.
The Mint will continue to sell the remaining 1/2-ounce American Eagle gold bullion coins and 1-ounce American Buffalo gold bullion coins until the supply is sold out. APs may begin placing orders for 2017-dated American Buffalo gold coins and American Eagle silver and gold coins on Monday, January 9. The 2017-dated silver and gold bullion coins will be launched on an unallocated basis. Orders for 2017-dated American Eagle platinum bullion coins will be accepted starting in late January. More details will be provided at a later date.
Bullion issues are sold by the U.S. Mint 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. ❑