The U.S. Mint’s authorized purchasers (AP’s) bought 345,000 2016 American Eagle silver bullion coins last week, a drop from 945,000 pieces sold during the previous period.
One-ounce Silver Eagles have sold 30,500,500 pieces so far this year. We are currently 74% of the way through 2016, and sales for these issues have reached 65% of last year’s total of 47 million ounces. Silver Eagle sales for 2016 remain unlikely to reach last that total.
Gold’s value rose by $22.05 an ounce during the past week. Gold is now appraised at $1,335.85 according to the London Bullion Market Association. The value of an ounce of silver increased by 25 cents, to $19.42.
2016 American Eagle gold bullion coins have sold a total of 674,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 19,000 ounces of bullion Gold Eagles sold—a drop from 31,500 ounces the previous week. 2016 American Buffalo 1-ounce gold bullion coins have sold 144,500 pieces; 2,000 sales were recorded during this period. In 2015, the Mint sold 801,500 ounces of Gold Eagles and 220,500 Gold Buffalo bullion coins.
The sales total for the 2016 American Eagle one-ounce platinum bullion coins is 20,000 units. Platinum rose in value by $15.00 per ounce over the past week, bringing its current price to $1,036.00.
The figure for Theodore Roosevelt National Park 5 oz. silver bullion coins was adjusted downward to a point between last week’s total of 30,000 and the previous week’s 29,000: the current reported figure is 29,500 units sold. Combined sales for 2016’s four 5 oz. bullion coins are reported to be 245,800 units, for a total of 1,229,000 ounces of silver.
Combined production of 2016’s issues has officially surpassed the total for all of 2015, which wrapped up at 212,000 units. 2016 now has the second-largest annual mintage ever for 5 oz. America the Beautiful bullion coins behind 2011, which had the extremely high total of 465,100.
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.