In the past week, the United States Mint sold 833,500 ounces of silver bullion and 31,500 ounces of gold bullion. Available products included the American Silver Eagle in one ounce size and the American Gold Eagle in one ounce or three fractional sizes.
For the year to date, the US Mint has now sold 8,152,500 ounces of silver, which is running well ahead of the pace of sales from the previous year. During 2010, the US Mint had sold 5,642,500 ounces through the end of February. Annual sales eventually reached a record 34,662,500 ounces from Silver Eagles, with an additional 875,000 ounces from the America the Beautiful Silver Bullion Coins.
Gold bullion sales for the year to date are now 189,000. Once again, this is running ahead of last year's pace when the Mint sold 169,000 ounces through the end of February. By year end, sales had reached 1,220,500 ounces worth of Gold Eagles, plus 209,000 ounces from the 24 karat Gold Buffalo coins.
This month the US Mint began sales of the fractional weight 2011-dated American Gold Eagles. Throughout January, only the one ounce size was available bearing this year's date.
Fractional Gold Eagle sales for the month so far include 100,000 of the one-tenth ounce size coins, 16,000 of the one-quarter ounce coins, and 5,000 of the one-half ounce coins. In recent years, the one ounce size coins have accounted for the bulk of bullion sales.
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