The U.S. Mint sold a lot of bullion American Eagles this year. Just how many appears in the box that normally breaks it down by month. Almost 20 million silver Eagles were sold and almost 800,000 gold.
The silver American Eagle bullion coin has nearly reached 20 million coins less than halfway through the year. The present sales pace would put annual demand at well over 40 million pieces. It looks like First Spouse gold issues for Abigail Fillmore, Jane Pierce and James Buchanan have gone off sale as well as the uncirculated Mary Todd Lincoln.
Sales of silver bullion American Eagles passed the 10-million mark. With the first quarter of the year nearly finished, it makes a handy point to stop and consider how many coins might be sold this year. Resist the temptation to simply multiply the number by four to reach 40 million.
Check the running annual sales totals for American Eagle and Buffalo bullion coins in the right-most column. This week’s numbers jumped by more than the numbers indicated by the September monthly box at the bottom of this page because of additional sales made in the final two days of August. These end-of-month numbers were substantial for the one-ounce silver Eagle where another 1,415,000 coins were sold in addition to the 175,000 at the beginning of September. This brings the running annual total to 29,126,000 coins.
The Mint sold 12,429,000 silver Eagles in the first three months. If it kept that pace up all year the annual total would be nearly 50 million coins. This would represent yet another large increase in output as compared to the year before. The gold one-ounce Eagle on the other hand is setting a respectable pace of 263,500 coins in the quarter. If this pace were kept up for the entire year, annual sales would reach 1,054,000 coins, or a small drop from the 1,143,000 coins sold in 2010 and the 1,315,500 coins sold in 2009.