The U.S. Mint’s authorized purchasers bought 891,000 of last week’s 1,057,500-ounce allocation of American Eagle silver bullion coins, leaving 166,500 unsold. Those leftover pieces have been added to this week’s new million-coin inventory, bringing the available total for this period to 1,166,500 ounces.
One-ounce Silver Eagles have sold 22,833,500 million pieces so far this year. The Mint remains on pace to have its biggest sales year ever for silver bullion, and has already exceeded 48% of last year’s record-breaking total of 47 million ounces of Silver Eagles sold.
Gold lost some ground over the weekend and is now valued at $1,212.10 — a decrease of $38.30 since this time last week according to the London Bullion Market Association. Silver has also declined during this period; the value of an ounce of the metal has decreased by 25 cents to $16.06.
American Eagle Gold bullion coins have sold a total of 418,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins have sold 95,500 pieces. Sales of the Cumberland Gap 5 oz. silver bullion coin remain at 75,000 units, the fifth-highest mintage ever for an ATB 5 oz. silver bullion coin. Combined sales for the 2016’s Shawnee and Cumberland Gap 5 oz. bullion coins have hit 180,000 units for a total of 900,000 ounces of silver.
As noted above, the Mint sold 47 million ounces of Silver Eagles in 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 and Cumberland Gap issues have already hit 84.9% 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.