During the week ending December 4, 2016, the U.S. Mint’s authorized purchasers (APs) bought 140,000 American Eagle silver bullion coins, continuing a steady decline from week to week since early November. Sales of ASEs for the month of November closed out at 3,061,000 coins.
All told, one-ounce Silver Eagles have sold 37,601,500 pieces this year. At 93% of the way through 2016 with four weeks to go, sales for these issues are at 80% of last year’s total of 47 million ounces. To reach that total, Silver Eagle sales for 2016 would need to average more than 2.35 million per week for the rest of the year—an unlikely scenario, to say the least.
The figure for Fort Moultrie (Fort Sumter National Monument) 5-ounce silver bullion coins is unchanged on this week’s Mint report. The 5-ounce coins from Theodore Roosevelt National Park are credited with 800 sales during this period. The Harpers Ferry National Historical Park 5-ounce bullion-coin figure moved up by 100. 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).
Total (net) amount of all silver bullion (ASE and ATB) sold by the Mint—
- last week: 144,500 ounces.
- in 2016: 39,031,000 ounces.
The value of an ounce of silver is slightly up from this time last week, having risen by $0.06 an ounce to $16.68. Silver’s average last week, Monday through Friday, was $16.51 per ounce, a bit down from the previous week’s average of $16.56. (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 964,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 28,500 ounces of bullion Gold Eagles sold, down a bit from 31,500 ounces sold the previous week. American Buffalo 1-ounce gold bullion coin sales have reached 212,500 pieces; 11,000 units were sold during this period, compared to 3,500 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 155,000 ounces.
Total (net) amount of all gold bullion (AGE and AGB) sold by the Mint—
- last week: 39,500 ounces.
- in 2016: 1,177,000 ounces.
Gold’s value is down $24.80 an ounce from this time last week. Gold is now appraised at $1,162.20, according to the London Bullion Market Association. Gold’s average last week, Monday through Friday, was $1,177.40, down from the previous week’s average of $1,197.13.
The sales total for the 2016 American Eagle one-ounce platinum bullion coins is 20,000 units. Platinum is up $12.00 compared to this time last week, when it was priced at $906.00 per ounce; platinum is now appraised at $918.00 per ounce. Platinum’s average last week, Monday through Friday, was $914.40, compared to the previous week’s $922.40.
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.