The U.S. Mint continues to sell millions of one-ounce American Eagle Silver Bullion Coins as fast as it can produce them. Authorized purchasers will have access to another one million coins this week, in keeping with the Mint’s newly established pattern of releasing allocated Silver Eagles in consistent quantities.
Even with the ongoing rationing of silver bullion, the Mint is on pace to have its biggest sales year ever for the commodity, and has already exceeded 25% of last year’s record-breaking total of 47 million ounces sold.
If gold’s current value holds steady, we could see an increase for the Mint’s gold collector coins this week, which would mark the fourth jump in less than two months. The spot price of an ounce of gold is currently $1,256.55, according to the London Bullion Market Association, which is down $8.20 from Friday afternoon; silver is listed at $15.60 per ounce. The pricing change for numismatic gold coins will occur if the price of gold does not drop below $1,250 before Wednesday afternoon.
The one-ounce Silver Eagles have sold 12 million pieces so far this year, while American Eagle Gold bullion coins have sold a total of 223,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 55,000 pieces as of last Friday, while sales of Shawnee 5 oz. bullion coins remain at 105,000 pieces.
As noted above, the Mint sold 47,000,000 ounces of Silver Eagles in all of 2015, along with 801,500 ounces of Gold Eagles and 220,500 Gold Buffalo bullion coins. America the Beautiful 5 oz. bullion coins sold a total of 212,000 pieces last year; the 2016 Shawnee issue has already hit 49% of that total.
The Mint sells its bullion issues 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.