As of March 28, 2017, the U.S. Mint’s authorized purchasers (APs) have bought 7,662,500 American Eagle silver bullion coins. 55,000 of the coins were sold during the past week, which marks a significant drop from the reported 765,000 sold during the prior report.
The Mint has broken its three-week streak of no reported sales for the 2017 America the Beautiful Effigy Mounds National Monument 5-ounce bullion coins; unfortunately, it’s with a very disappointing figure. The latest Mint report states 200 were sold last week, for a total of 1,000 ounces of silver.
|Past Week||Year to Date|
|American Eagle 1-oz. silver coins||55,000||55,000||7,662,500||7,662,500|
|America the Beautiful 5-oz. silver coins (all)||200||1,000||19,700||98,500|
|Effigy Mounds National Monument||200||1,000||19,700||98,500|
The value of an ounce of silver is up by 63 cents since Tuesday of last week, ending the day at $17.94 according to the London Bullion Market Association. Silver’s average last week, Monday through Friday, was $17.46 per ounce, up slightly from the previous week’s average of $17.16.
In its latest online report, the Mint has noted sales of 5,000 ounces of American Eagle gold bullion coins last week, all in the full 1-ounce size. No sales of fractional AGEs are reported for the period. The Mint’s year-to-date total for American Gold Eagles is 165,000 ounces.
American Buffalo 1-ounce gold bullion coins sold 2,000 units last week, down from the previous report’s 3,000 coins sold. The 2017 total for American Gold Buffalo coins is 54,000 ounces of gold.
|Past Week||Year to Date|
|American Eagle gold coins (all)||5,000||5,000||380,000||165,000|
|American Buffalo 1-oz. gold coins||2,000||2,000||54,000||54,000|
The value of an ounce of gold rose $15.65 since last Tuesday, to $1,257.25. Gold’s average last week, Monday through Friday, was $1,243.61, a modest increase over the previous week’s average of $1,213.31.
The sales total for the 2017 American Eagle one-ounce platinum bullion coins is 20,000 units. The value of an ounce of platinum is up $15.00 compared to this time last week, and is now at $977.00. The metal’s average last week, Monday through Friday, was $965.80, up a little from $944.60 the previous week.
In anticipation of the U.S. Mint’s first-ever palladium bullion coin, Coin Update is now tracking palladium values in this report. The metal is currently at $803.00 per ounce according to the London Bullion Market Association, up $26.00 from last week’s value of $777.00. The average value of an ounce of palladium last week was $795.40, up from the previous week’s average of $757.60. ❑