Silver

It’s February 21, 2017, and as of today’s reporting the U.S. Mint’s authorized purchasers (APs) have bought 5,892,500 American Eagle silver bullion coins, with a net sales figure of 205,000 coins over the course of the past week. This represents a drop of 105,000 from the previous week’s figure of 310,000 ASE coins sold.

Last week the Mint sold 1,600 of the 2017 America the Beautiful Effigy Mounds National Monument 5-ounce bullion coins, totaling 8,000 ounces of silver. The total sold this year is reported at 19,300, for a total of 96,500 ounces of silver.

	Last Week		Year to Date
	Coins	Ounces	Coins	Ounces
American Eagle 1-oz. silver coins	205,000	205,000	5,892,500	5,892,500
America the Beautiful 5-oz. silver coins (all)	1,600	8,000	19,300	96,500
Effigy Mounds National Monument	1,600	8,000	19,300	96,500
Total silver	206,600	213,000	5,911,800	5,989,000

The value of an ounce of silver is infinitesimally down from this time last week, having decreased by 2 cents from $17.91to $17.89, according to the London Bullion Market Association. Silver’s average last week, Monday through Friday, was $17.97 per ounce, up 31 cents from the previous week’s average of $17.66.

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Gold

During the past week, the Mint reported sales of 5,000 ounces of American Eagle gold bullion coins, well down from 13,500 ounces the previous week. (No sales of 1/10-ounce AGE coins were reported this period.) All told, AGE coins have sold 141,500 ounces in 2017. American Buffalo 1-ounce gold bullion coins sold 3,000 units last week, down from 6,500 the previous week; this brings the 2017 total for the category to 46,500 ounces.

	Last Week		Year to Date
	Coins	Ounces	Coins	Ounces
American Eagle gold coins (all)	7,000	5,000	308,000	141,500
1/10-oz.	0	0	140,000	14,000
1/4-oz.	2,000	500	38,000	9,500
1/2-oz.	1,000	500	24,000	12,000
1-oz.	4,000	4,000	106,000	106,000
American Buffalo 1-oz. gold coins	3,000	3,000	46,500	46,500
Total gold	10,000	8,000	354,500	188,000

The value of an ounce of gold is up by $2.45 from this time last week, to $1,233.20. Gold’s average last week, Monday through Friday, was $1,231.98, down from the previous week’s average of $1,232.99.

Platinum

The sales total for the 2017 American Eagle one-ounce platinum bullion coins is 20,000 units. Platinum is up $3.00 compared to this time last week, when it was priced at $999.00 per ounce; platinum is now at $1,002.00 per ounce. The metal’s average last week, Monday through Friday, was $1,003.60, down from the previous week’s $1,009.40. ❑


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