The U.S. Mint has allocated 1,045,500 American Eagle Silver bullion coins to be sold to authorized purchasers this week. As 45,500 coins from last week’s million-coin inventory were not sold, they’ve been added to a new batch of one million coins. Today the Mint has also begun selling Shawnee National Forest 5 oz. silver bullion coins, the first 5 oz. America the Beautiful issues of 2016.
One-ounce Silver Eagles have sold 5,954,500 pieces so far this year, while American Eagle Gold bullion coins have sold a total of 124,000 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 34,000 pieces as of Friday evening.
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 $14.33 per ounce, while gold has stands at $1,122.00 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.