The U.S. Mint has made one million ounces of American Eagle Silver bullion coins available for sale to its authorized purchasers this week, the same quantity that was allocated for last week. This represents a return to normal production quantities after the Mint kicked off 2016 with a four-million-coin allocation three weeks ago.
One-ounce Silver Eagles have already sold five million pieces so far this year, while American Eagle Gold bullion coins have sold a total of 108,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 28,500 pieces as of Friday evening.
As a point of comparison, the Mint sold 47,000,000 ounces of Silver Eagles and 801,500 ounces of Gold Eagles in all of 2015. Gold Buffalo bullion coins sold 220,500 ounces last year. At the time of this writing silver is valued at $14.22 per ounce, while gold has risen to $1,103.70 per ounce, according to the London Bullion Market Association.
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.
Correction: This post originally stated that there were 1,839,500 ounces of gold eagles sold in 2015. That figure has been corrected.