End-of-the-month numbers show the Mint is still cranking out a lot of coins. Silver Eagles jumped by 450,000 pieces in a week. Demand is higher still. Any business would love to have that problem.
Silver American Eagle bullion coins ended September at a monthly sales level of 1,703,000, up 100,000 coins.
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.
January’s bullion silver one-ounce American Eagle sales total is a record for a month, but what is most remarkable about it is that the Mint could supply as many coins as it did.
The silver American Eagle sold to the bullion market saw its May monthly total rise by another 72,500 to 1,516,000 coins. The demand for these is still exceeding supply and every additional coin is being eagerly snapped up.
As the year comes to a close, the largest sales increases seem to be centered on the annual proof and uncirculated sets, though the proof gold American Eagles made some nice gains as well.
The month of January was not quite finished as this issue went to press. January gold bullion sales numbers hardly budged in the past week.
OK. Are you ready to be a tiny bit confused about bullion coin sales? The bullion Eagle and Buffalo sales were updated Feb. 6, but no February sales had occurred for Buffaloes or American Eagle gold coins, so the monthly figures are the final January monthly totals.
The Boy Scout numbers listed may or may not be different from those published last week.
