For the month of October 2011, sales of the United States Mint’s gold bullion coins fell to their lowest monthly level of the year. Meanwhile, silver bullion sales remained at elevated levels, but marked a decline from the strong numbers of the previous month.
The United States Mint offers 22 karat American Gold Eagles in one ounce, half ounce, quarter ounce, and tenth ounce sizes. Their other gold bullion option is the 24 karat American Gold Buffalo coins available in one ounce size only. For the month, total sales across all options reached 62,500 ounces. This was comprised of 46,000 one ounce Gold Eagles, 12,500 one ounce Gold Buffaloes, and the balance in fractional Gold Eagles.
The monthly total represents a decline from the prior month sales of 104,000 ounces. It is also a decline from the year ago period when 94,000 ounces were sold.
October 2011 US Mint Bullion Coin Sales
|Oct 2011||YTD 2011|
|American Gold Eagle 1 oz||46,000||806,000|
|American Gold Eagle 1/2 oz||3,000||65,000|
|American Gold Eagle 1/4 oz||6,000||78,000|
|American Gold Eagle 1/10 oz||10,000||355,000|
|American Gold Buffalo 1 oz||12,500||145,000|
|American Silver Eagle 1 oz||3,064,000||36,475,500|
|America the Beautiful Silver 5 oz||6,200||390,000|
Silver bullion coin options include the one ounce American Silver Eagle and five ounce America the Beautiful Silver Coins. The sales total across both options was 3,095,000. This was comprised predominantly of the one ounce Silver Eagles.
The monthly total is down from the prior month when 4,475,000 ounces were sold, and relatively flat from the year ago period when sales reached 3,150,000 ounces.
For the year to date American Silver Eagle sales are in record territory at 36,475,000. Record breaking annual sales have now been achieved for four years running. In 2008, the US Mint sold 19,583,500 coins, followed by 28,766,500 in 2009, and 34,662,500 in 2010.