The U.S. Mint has again allocated 1,000,000 American Eagle Silver bullion coins to be made available for sale to its authorized purchasers this week. 722,500 of those were scooped up yesterday, leaving 277,500 one-ounce silver coins to hold buyers over until next week’s inventory is announced on Monday.
One-ounce Silver Eagles have sold 7,722,500 pieces so far this year, while American Eagle Gold bullion coins have sold a total of 142,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 36,000 pieces as of Monday evening, while Shawnee 5 oz. bullion coins have sold 68,400.
The Mint sold 47,000,000 ounces of Silver Eagles and 801,500 ounces of Gold Eagles in all of 2015, while Gold Buffalo bullion coins sold 220,500 ounces last year. America the Beautiful 5 oz. bullion coins sold a total of 212,000 pieces last year, with recent issues averaging 45,000 coins per design.
At the time of this writing silver is valued at $15.34 per ounce, while gold has shot up to $1,188.90 per ounce, according to the London Bullion Market Association. With gold now comfortably above the $1149.99 mark, the Mint may raise prices on its gold coins tomorrow, February 10, per its pricing chart for precious medals.
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.