Demand is shooting up for US Mint bullion coins, the latest US Mint sales figures show. With eleven days still left in the month, American Silver Eagles are already near the level they were at for the entire month of September. Sales jumped by more than 1 million during the last week alone, and are over 22 million for the year -- an all-time high.
American Gold Eagles are just slightly behind their pace from last month. However, when the figures from the newly released American Gold Buffalo coins are added in, gold bullion sales are hopping mad.
An article on sister site CoinNews discussed how Gold Buffalo sales are blistering since their release on Thursday, Oct. 15. When that report was written Monday, the 24-karat gold coins had sales of nearly 42% of the total sold in all of 2008. As of Tuesday, the number jumped to 79,500, or 46.2% of the total sold last year.
The following two tables provide a look at how bullion coins have performed during the last seven days and then the year-to-date tallies.
American Eagle Bullion Coin Sales Totals
|
Oct 13
|
Oct 20
|
Unit
Difference |
%
Difference |
|
| Silver Eagle |
21,074,500
|
22,092,500
|
1,018,000
|
4.8%
|
| Gold Buffalo | 0 | 79,500 | 79,500 | 100% |
| Gold Eagle |
984,500
|
1,023,500
|
39,000
|
4.0%
|
US Mint 2009 Bullion Coin Sales
| Silver Eagles | Gold Buffalos | Gold Eagles | |
| January | 1,900,000 | 0 | 92,000 |
| February | 2,125,000 | 0 | 113,500 |
| March | 3,132,000 | 0 | 136,500 |
| April | 2,518,000 | 0 | 147,500 |
| May | 1,904,000 | 0 | 65,000 |
| June | 2,245,000 | 0 | 116,000 |
| July | 2,810,000 | 0 | 86,000 |
| August | 2,130,000 | 0 | 82,000 |
| September | 1,703,000 | 0 | 115,500 |
| October | 1,625,000 | 79,500 | 69,500 |
| Total* | 22,092,500 | 79,500 | 1,023,500 |
*Figures as of Oct. 20.
The US Mint sells bullion coins for a small amount over the current spot price of gold or silver, but only to authorized purchasers. The authorized purchasers in turn resell the coins to coin dealers, precious metal providers and/or directly to the public.
For more information on the the newly released Buffalos, refer to 2009 Gold Buffalo Coins page on this site.
