Modest increases were noted in bullion this week, after a jump of 566,000 last week in one ounce silver. The May total stands at 866,000, the second lowest this year, just ahead of the 850,000 sold in March. Gold is also the lowest month in 2019, with just 8,500 total coins sold. February was the second lowest at 27,000.
As expected, collectors continue to pick up the 2019 uncirculated coin set, with another 28,340 sold in the last week, bringing the overall total sold since May 14 to 189,938. As noted previously, lifetime sales of the 2018 set are 249,139, with 2017 at 286,813. Will the addition of the 2019 ‘W’ mint mark Lincoln penny drive the 2019 sales past 2018? Time will tell.
Other significant increases include the 2019 clad proof up another 8,630 with the 2019 silver proof set up 6,010. The Mint’s 2019 Explore and Discover Set, aimed at younger collectors, gained another 1,473 bringing the overall total to 24,051.
New this week is the American Legion Coin & Medal set, released on May 20, just ahead of Memorial Day. The Mint reports sales of 7,412 after just one week. The total product limit is 10,000, so a sellout is possible. This is positive, as sales of the American Legion coins have been lackluster thus far.