The U.S. Mint has issued another batch of 1 million American Eagle Silver bullion coins for sale to authorized purchasers this week, continuing a trend established in January that has seen the issue of near-identical weekly Silver Eagle allocations. Even with the ongoing rationing of silver bullion, the Mint is on pace to have its biggest sales year ever for the commodity, and has already exceeded 21% of last year’s record-breaking total of 47 million ounces sold.
The one-ounce Silver Eagles have sold 10 million pieces so far this year, while American Eagle Gold bullion coins have sold a total of 195,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 51,000 pieces as of last Friday, while sales of Shawnee 5 oz. bullion coins have risen to 105,000 pieces.
As noted above, the Mint sold 47,000,000 ounces of Silver Eagles in all of 2015, along with 801,500 ounces of Gold Eagles and 220,500 Gold Buffalo bullion coins. America the Beautiful 5 oz. bullion coins sold a total of 212,000 pieces last year; the 2016 Shawnee issue has already hit 49% of that total.
At the time of this writing silver is valued at $14.75 per ounce, while gold is currently listed at $1,226.50 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.