After a huge opening last week, during which the Mint sold four million American Eagle Silver bullion coins in just four days, this week’s batch of Silver Eagles is more in keeping with quantities seen in the months leading up to the end of 2015. The Mint allocated one million ounces of Silver Eagles for the week starting yesterday, and as of this afternoon 950,000 of those had been bought by authorized purchasers. That leaves 50,000 American Eagle Silver bullion coins left for buyers until new inventory arrives on Monday.
Gold coins have also sold well, posting sales of 20,500 ounces across all American Eagle product options over the last two days. One ounce American Buffalo gold coins have sold 4,000 coins so far this week, bringing their total for the year to 27,500.
As a point of comparison, the Mint sold 47,000,000 ounces of Silver Eagles and 1,839,500 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 $14.05 per ounce, while gold has risen to $1,101.75 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.