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Mint Statistics: Fluctuations unpredictable like the weather

Last week, we were happy to say that spring had finally sprung at our office in Stevens Point. Well, score one for Mother Nature, as today we are under a winter weather advisory and expecting several inches of heavy snow. These sudden fluctuations in spring weather are similar to what we have been seeing in some of the sales at the U.S. Mint.

Silver one-ounce bullion Eagle sales in March were low due to the production temporarily ceasing, which resulted in total March sales of 850,000. April appeared to be off to a better start, with the first week reporting at 539,500. However, another week later, April’s total is just 550,000, an increase of just 10,500.

Others that have shown significant shifts include the 2019 clad proof set, which, while declining since initial release, were still increasing by several thousand each week. This week, perhaps due to Mint reconciliations, it declined 1,104. On the other hand, the 2019-W proof silver Eagle, which has been increasing on average 2,000 the past several weeks sprung this week, increasing by 4,061.

New this week is the American Memorial Park quarter bags and rolls and the five-ounce coin. First-week sales look good. We will see what next week brings. Hopefully not hats and gloves here in Wisconsin.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 


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