According to the latest report from the U.S. Mint, demand for both gold and silver bullion coins during September surged to the highest levels since January.
Total sales of the American Eagle Gold bullion coins during September soared 75.6% to 68,500 ounces from 39,000 ounces in August. Monthly sales of gold bullion coins have fluctuated widely during 2012 with a high of 127,000 ounces in January and a low of 20,000 ounces in April. The average monthly sales of gold bullion coins through September is 53,500.
Total sales of the American Eagle Gold bullion coins through September total 481,500 ounces. Unless sales surge dramatically during the last three months of the year, 2012 will be the fourth year of declining sales of the gold bullion coin. As detailed below, the all time record for sales of the gold bullion coins was during 2009 when sales exceeded 1.4 million ounces.
Gold Bullion U.S. Mint Sales By YearU.S. Mint sales of the American Eagle Silver bullion coins during September totaled 3,255,000 ounces, up 13.4% from August sales of 2,870,000 ounces.
Investor demand for the American Eagle Silver bullion coins has been relatively consistent throughout the year. After a very strong January during which over 6.1 million coins were sold, demand remained strong with monthly sales well in excess of 2 million ounces except for February when sales slumped to 1,490,000 ounces. If monthly sales of the American Eagle silver coins continue at the September sales pace, total sales for 2012 will be close to the record year of 2011 when almost 40 million ounces were sold.
Total annual sales by the U.S. Mint of the silver bullion coins since 2000 are shown below. Sales for 2012 are through September.
American Silver Eagle Bullion CoinsThe American Eagle gold and silver bullion coins produced by the U.S. Mint can only be purchased by Authorized Purchasers who in turn resell the coins to other dealers and the general public. Numismatic versions (uncirculated or proof) of the American Eagle series coins can be purchased by the public directly from the U.S. Mint.
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