Updated October 4 at 7:45 p.m.
The following report takes into account the updated September numbers on the Mint’s website as of October 3 as well as the October figures added on October 4.
The U.S. Mint’s authorized purchasers (APs) bought 75,000 2016 American Eagle silver bullion coins in the remaining days of September, along with 530,000 pieces in the first few days of October, bringing the total ASEs sold during the past week to 605,000. This is a significant increase from 345,000 pieces sold during the previous period.
One-ounce Silver Eagles have sold 31,105,500 pieces so far this year. We are currently 76% of the way through 2016, and sales for these issues are at 66% of last year’s total of 47 million ounces. Silver Eagle sales for 2016 appear increasingly unlikely to reach that total.
Gold’s value is down by $52.55 an ounce from this time last week. Gold is now appraised at $1,283.30, according to the London Bullion Market Association. The value of an ounce of silver decreased by 68 cents an ounce, to $18.74.
2016 American Eagle gold bullion coins have sold a total of 701,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 27,500 ounces of bullion Gold Eagles sold; this figure includes 18,000 ounces at the end of September and 9,500 ounces sold in the first few days of October. As with Silver Eagles, the total is a significant increase over the 19,000 ounces sold the previous week. 2016 American Buffalo 1-ounce gold bullion coins have sold 151,000 pieces; 6,500 sales, including 2,000 in early October, 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 fell in value by $23.00 per ounce over the past week, bringing its current price to $1,013.00.
The sales figure for Theodore Roosevelt National Park 5-ounce silver bullion coins now registers at 30,500 units sold, an uptick of 1,000 since the U.S. Mint’s reporting of last week. Combined sales for 2016’s four 5-ounce bullion coins are at 246,800 units, for a total of 1,234,000 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.