The U.S. Mint announced today that its weekly allocation of American Eagle Silver bullion coins has remained steady at one million coins. 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 23% of last year’s record-breaking total of 47 million ounces sold.
Gold’s continuing appreciation in value could lead to another price 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 listed as $1,267.60, an increase of $41.10 since this time last week, according to the London Bullion Market Association. The same period has seen silver gain 91 cents an ounce to arrive at $15.66. 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 11 million pieces so far this year, while American Eagle Gold bullion coins have sold a total of 209,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 53,000 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.