The U.S. Mint has allocated another 1 million coins for sale to its authorized purchasers this week after selling last week’s inventory within three days. Also notable is the fact that Shawnee 5 oz. bullion coins have been stuck at 105,000 pieces sold for several weeks as we gear up for the release of the Cumberland National Historical Park 5 oz. bullion coins, which are likely to arrive in early April.
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 27% of last year’s record-breaking total of 47 million ounces of Silver Eagles sold.
Gold continues to waver above and below the $1,250 per ounce mark, which means it’s possible the Mint will raise prices on its gold collector coins sometime soon, once the commodity stabilizes above that number. The spot price of an ounce of gold is currently $1,244.25, according to the London Bullion Market Association, which is down $7.85 from Friday afternoon; silver is listed at $15.81 per ounce.
The one-ounce Silver Eagles have sold 13 million pieces so far this year, while American Eagle Gold bullion coins have sold a total of 230,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 57,000 pieces as of last Friday.
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.