The Mint’s new focus on the one-ounce American Eagle bullion coin for investors is showing up in the high output of 104,500 for the month of October. The silver ounce ended the month strong at 1,425,000.
Bullion American Eagle sales ended June on a strong note. Sales were up by 3,000 for the one-ounce gold piece and by 300,000 for the silver ounce.
One-ounce Buffalo bullion gold coins reappear with November numbers.
One-ounce gold bullion American Eagles set the sales pace this week as 21,500 more were sold, bringing the running total for October to 29,000 and the running total for the year to 439,500.
With the Mint’s new focus on the one-ounce gold and silver American Eagle bullion coins, you will note that those were the only totals that changed in that box this week.
With the price of silver rising 13.5 percent in the month of September you would think sales of silver American Eagle bullion coins would be flying high. But you’d be wrong.
Gold buyers seemed to be firmly focused on the one-ounce American Eagle gold bullion coin rather than collectible versions of the precious metal.
The 2012 5-ounce bullion coins woke up a bit more. The Chaco bullion coin total did not stay behind the Acadia number for long.
The Mount Rushmore 5-ounce America the Beautiful silver bullion coin has gone on sale and the first number shows 6,000 were taken by the Mint’s Authorized Purchasers.
Bullion speculators have purchased considerably fewer gold and silver American Eagle bullion coins in the first six months of 2012 compared to the same period last year.
