US Gold and Silver Bullion Coins Log Improved Sales in August

by Coin Collecting News on September 5, 2012

Activity picked up in August for gold and silver bullion coins produced by the United States Mint.

22-karat American Eagle Gold Bullion Coin

Sales of U.S. Mint bullion coins rallied in August 2012.

Solid month-over-month gains were made across all U.S. Mint bullion products — American Eagle gold bullion coins, American Eagle silver bullion coins, American Buffalo gold bullion coins and America the Beautiful Five Ounce Silver Bullion Coins.

In 22-karat gold coins, U.S. Mint distributors purchased 39,000 ounces of Gold Eagles in August compared to 30,500 ounces in July. However, demand was significantly stronger one year ago as August 2011 registered sales of 112,000 ounces.

The following offers the numbers by month and the totals so for this year:

2012 Sales of American Eagle Gold Bullion Coins

Month One
(oz. / #coins)
Half
(oz. / #coins)
Quarter
(oz. / #coins)
Tenth
(oz. / #coins)
Total
(oz. / #coins)
January 84,500
84,500
24,500
49,000
9,500
38,000
8,500
85,000
127,000
256,500
February 20,000
20,000
0
0
500
2,000
500
5,000
21,000
27,000
March 57,500
57,500
1,000
2,000
0
0
4,000
40,000
62,500
99,500
April 19,000
19,000
0
0
500
2,000
500
5,000
20,000
26,000
May 49,000
49,000
1,500
3,000
1,000
4,000
1,500
15,000
53,000
71,000
June 55,000
55,000
1,000
2,000
1,500
6,000
2,500
25,000
60,000
88,000
July 28,500
28,500
0
0
500
2,000
1,500
15,000
30,500
45,500
August 34,000
34,000
1,500
3,000
1,000
4,000
2,500
25,000
39,000
66,000
YTD Total 347,500
313,500
29,500
59,000
14,500
58,000
21,500
215,000
413,000
679,500

 

In 24-karat gold coins, Buffalo coin sales jumped from 4,000 in July to 9,000 in August. But demand for them was also greater last year at this time with August 2011 sales at 28,000.

The following offers monthly figures for this year:

2012 Sales of American Buffalo Gold Bullion Coins

Month Monthly Sales
January 13,500
February 7,000
March 26,000
April 9,000
May 9,500
June 10,000
July 4,000
August 9,000
Total 88,000

 

In American Eagle silver bullion coins, demand was sharply higher with sales last month at 2.87 million compared to the prior month’s 2.278 million. The month came in as the second best August ever. However, and once again, sales were lower than last year this time when U.S. Mint distributors ordered 3.402 million Silver Eagles.

Here is a breakdown of monthly Silver Eagle sales in 2012.

2012 Sales of American Eagle Silver Bullion Coins

Month Monthly Sales
January 6,107,000
February 1,490,000
March 2,542,000
April 1,520,000
May 2,875,000
June 2,858,000
July 2,278,000
August 2,278,000
Total 22,540,000

 

In wrapping up bullion coins, sales improved for a fourth consecutive month for the Mint’s America the Beautiful Five Ounce Silver Bullion Coins. Buyers ordered 19,400 of the coins compared to the previous month’s 18,700. The monthly total is the best so far for 2012.

For the latest weekly updates to U.S. Mint bullion coin sales, as well as its collector products, visit this site’s US Mint sales section.

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