US Mint sales of gold and silver

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Sales total for July 4 406 500

Only 54000 away from being the biggest non-January total ever!
 

http://srsroccoreport.com/silver-ea...e/silver-eagles-the-investors-premium-choice/
 
Gold may stumble towards $1,400

http://www.cnbc.com/id/101146535

Demand for gold coins issued by the U.S. Mint, however, jumped in October after the budget impasse hit confidence in the dollar, causing a scramble into hard assets.

"Current demand has exhausted existing supply which has led to a mini-surge in newly made American Eagle gold bullion coins," said Edmund Moy, Chief Strategist at Morgan Gold and a former director of the U.S. Mint. "October sales so far of 39,000 ounces have tripled from September sales of 13,000 ounces." This showed investors who previously questioned gold as a safe-haven are "rethinking their doubts."
 

More: http://www.silverdoctors.com/us-mint-breaks-all-time-annual-sales-record-for-silver-eagles/
 

More: http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=27414
 

http://www.bloomberg.com/news/2014-...oised-to-climb-as-u-s-mint-supplies-ease.html
 
weve set the price of this useless item lower so we can generate demand and charge more (-;

and as with all January sales, when its gone ...... its gone.
 

http://srsroccoreport.com/u-s-mint-...ilver-eagle-allocation-in-the-first-two-days/

Adjust the last figures to dollar equivalents and I'm seeing:

Gold - 11,000 toz x $1,250/oz - $13,750,000

Silver - 1,691,000 toz x $20/toz - $33,820,000

Silver to Gold dollar investment ratio ~ 2.46 : 1

That's significantly higher than the even money that Sprott has been touting for a while now.
 
It will be interesting to see how this demand, which is a snapshot of overall world demand, works out when mines start shutting down around the world and the gold/silver runs out.

buckle up 'fellas.
 
Went by the LCS today and asked him if he had any gold eagles in stock. He said no, so I asked him what he had in 1ozt gold. He checked in the back and was surprised when he found a few gold eagles. 2010 AGEs. No 2013 or 2014.
 

http://news.coinupdate.com/silver-eagle-bullion-coins-no-longer-on-allocation-3313/
 

http://srsroccoreport.com/u-s-mint-...mint-record-silver-eagle-sales-best-all-year/
 

http://srsroccoreport.com/new-updat...les-surpass-2013-record-at-nearly-43-million/
 

http://srsroccoreport.com/fy-2014-s...lar-sales-surpass-gold-eagles-by-wide-margin/

Total gold sales exceeded silver? That sounds like a significant change from previous reports (where Sprott highlighted money flowing into these products at a 50:1 ratio), but perhaps earlier reports were only comparing Eagles to Eagles and not considering Buffaloes too.
 
Does this also take into account fractional gold eagles? Also the mint makes a butt load of other coins in silver too. Can't they put out how many of each coin were sold? and then a total weight for each metal sold? It seems to me it wouldn't take much of a program for the mint to keep track of that.
 

http://www.reuters.com/article/2015/07/07/usmint-coins-sales-idUSL1N0ZN1MY20150707
 

http://www.reuters.com/article/2015/11/30/us-usmint-coins-idUSKBN0TJ2SY20151130#43ildiTpC58x4mV0.97
 

https://www.marketwatch.com/story/d...t-of-silver-eagle-coins-at-us-mint-2018-09-14
 

https://srsroccoreport.com/u-s-mint...ike-by-another-1-million-at-end-of-september/

Sales of silver eagles are strong again. Spot price is low. Time to keep an eye on premiums for 90% junk silver (the "canary in the silver mine").
 

 
* bump *

I was just checking the US Mint's bullion sales (in ounces sold) for Eagles for the last few years:
YearGoldSilver
2024 (so far)345,00020,144,000
20231,092,00024,750,000
2022980,00016,000,000
20211,252,50028,275,000
2020844,00030,089,500
2019152,00014,863,500
2018245,50015,700,000
2017302,50018,065,500
2016985,00037,701,500
Sales look healthy this year, but I think retail FOMO has not even begun to get started.

Source: https://www.usmint.gov/about/production-sales-figures/bullion-sales
 
The mintage on some of the AGEs shows some psuedo numi key dates like 2017, 2018, 2019 & 2024 with relatively low mintages. I imagine fractionals and platinum could be lower yet.
 
Cookies are required to use this site. You must accept them to continue using the site. Learn more…