The U.S. Mint’s authorized purchasers (AP’s) bought 945,000 2016 American Eagle silver bullion coins last week, well up from 170,000 pieces sold during the previous period.
One-ounce Silver Eagles have sold 30,155,500 pieces so far this year. As we are currently 72% of the way through 2016 and sales for these issues have reached only 64% of last year’s total of 47 million ounces, ASE sales remain unlikely to reach last year’s total.
Gold’s value decreased by $10.80 an ounce during the past week. Gold is now appraised at $1,313.80 according to the London Bullion Market Association. The value of an ounce of silver has also increased by 45 cents to $19.17.
2016 American Eagle gold bullion coins have sold a total of 655,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 31,500 ounces of bullion Gold Eagles sold; as with silver, the quantity is well up this week, in this case besting 16,500 ounces sold during the prior period. 2016 American Buffalo 1-ounce gold bullion coins have sold 142,500 pieces; 6,500 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 1-ounce platinum bullion coins is 20,000 units. Platinum dropped in value by $52.00 per ounce over the past week, bringing its current price to $1,021.00.
The Mint sold 1,000 Theodore Roosevelt National Park 5 oz. silver bullion coins from its authorized purchasers last week, bringing its overall total to 30,000 units sold. Combined sales for 2016’s four 5-ounce bullion coins have hit 246,300 units, for a total of 1,231,500 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.