Gold Bullion Coin Sales Soar 76% In September, Silver Sales Up 13%

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 Year

U.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 Coins

The 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.

View the original article here

US Mint Circulating Coin Production Figures for September 2012

Production figures from the United States Mint for September 2012 show a surge in the amount of circulating coins. Levels were higher than the previous month and from the same time last year.

Finalized mintages for the Denali National Park Quarter were not revealed, but US Mint coin production figures for September do indicate they are being produced

Coin production of cents, nickels, dimes, quarters and dollars totaled 905,340,000 last month compared to the 655,500,000 in August and the 811,420,000 in September 2011. In fact, last month ranked third highest over the past 12 months.

This grid lists the coins produced by the U.S. Mint in September. Notice that no Kennedy halves or Presidential $1 coins were struck.

Coin production figures from January through September total 7,285,010,000. Of that amount, 3,574,250,000 were minted in Denver and 3,710,760,000 in Philadelphia. These are the two U.S. Mint facilities tasked with manufacturing American circulating coinage. The year-to-date amount is the highest since 2008.

The U.S. Mint does breakdown its figures by a coin’s design. Subtracting those amounts from the total production numbers reveals an excess of more than 77.4 million quarters that have yet to be assigned. These are very likely a portion of the Denali National Park Quarters that will begin circulating in early November.

For reference, here are the current published U.S. Mint coin production figures for this year’s quarters and $1's.

First Term Cleveland Presidential $1Second Term Cleveland Presidential $1

Related Coin Collecting News:

View the original article here

US Gold and Silver Bullion Coins Log Weighty Sales in September

Demand jumped in September for U.S. Mint gold and silver bullion coins, marking a second straight month of higher interest and, more impressively, resulting in the best monthly sales since January.

September sales of U.S. Mint bullion coins were the highest for a month since January 2012.

There were two United States Mint bullion products that came in weaker than the previous month. Sales in September were 500 ounces lower for 24-karat American Buffalo gold coins and off 23,500 ounces for 99.9% fine America the Beautiful Five Ounce Silver Bullion Coins. American Eagle bullion coins, however, were on fire.

In 22-karat gold coins, U.S. Mint distributors ordered 68,500 ounces of American Gold Eagles in September compared to 39,000 ounces in August. The only month better in 2012 was January with its sales of 127,000 ounces. Year ago levels were higher as well, with September’s 2011 at 91,000 ounces.

The following table shows Gold Eagle sales numbers by month, by type and the totals so for this year:

MonthOne
(oz. / #coins)Half
(oz. / #coins)Quarter
(oz. / #coins)Tenth
(oz. / #coins)Total
(oz. / #coins)

In 99.9% fine American Eagle silver bullion coins, sales soared to 3.255 million versus the previous month’s total of 2.87 million. Again, the only better month this year was in January when 6.107 million sold. Sales were higher last year this time as well since the count reached 4.4605 million, which was also the second highest monthly total for last year.

Here is a breakdown of monthly Silver Eagle sales in 2012.

In returning to more specifics for American Buffalo gold coins, sales were 8,500 ounces in September compared to the 9,000 ounces in August. Last year in September sales reached 13,000 ounces.

The following offers a monthly breakdown for the gold coins.

Finally, sales for America the Beautiful Five Ounce Silver Bullion Coins totaled 73,500 ounces versus the prior month’s 97,000 ounces. September was the third best month this year for the series, behind August and then July.

Weekly updated sales figures for the above described coins are available on the Coin Collecting News pages about gold coin sales and silver coins sales.

Related Coin Collecting News:

View the original article here

September 11 National Medal Available

Sunday, September 11, is a day Americans will spend in remembrance of the terrorist attacks on the United States ten years ago. The United States Mint has produced and is currently selling a special commemorative for the tenth anniversary of that fateful day, named the September 11 National Medal.

September 11 National Medal

Each medal is made of one ounce of .999 fine silver and is struck in a collectible proof quality. They were released for order on June 20, are now shipping, and are currently priced at  $66.95. (Visit the U.S. Mint website at http://www.usmint.gov/catalog to place an order.) The medals will remain available until December 2012, or until they reach their maximum mintage of 2 million, as authorized by the National September 11 Memorial & Museum Commemorative Medal Act of 2010 (Public Law 111-221).

9/11 silver medals are produced at the U.S. Mint facilities in West Point and Philadelphia. Each has a corresponding mint mark on the reverse side denoting where they were made. As of September 5, 2011, the United States Mint has sold 157,467, with 98,911 coming from West Point and 58,556 from Philadelphia.

$10 from each sale benefits the National September 11 Memorial & Museum located at the World Trade Center site. The memorial includes two large reflecting pools of water with the names of the individuals who were killed inscribed around the edges of the pools. The museum -- scheduled to open in September 2012 -- will contain photos and artifacts from the attack sites. To learn more about the National September 11 Memorial & Museum, visit http://www.911memorial.org/.

For additional details about the availability of the 2011 September 11 National Medal and the special designs on each side, the following is the latest press release from the United States Mint.

WASHINGTON - The Nation will pause on Sunday, September 11, 2011, to observe the 10th anniversary of the terrorist attacks on the United States. To commemorate this tragic moment in history, the men and women of the United States Mint are proud to strike and make available the official 2011 September 11 National Medal. The medal is authorized by Public Law 111-221, the "National September 11 Memorial & Museum Commemorative Medal Act of 2010."

The medal's obverse (heads side) design features Lady Liberty holding the Lamp of Remembrance. Behind her are beacons of light stretching skyward. Lady Liberty, the lamp and the light symbolize not only the immeasurable loss on that fateful day, but also the resilience and triumph of those who persevered. Inscriptions are ALWAYS REMEMBER and 2001 - 2011. The medal's obverse was designed by United States Mint Artistic Infusion Program Master Designer Donna Weaver and sculpted by United States Mint Sculptor-Engraver Phebe Hemphill.

The medal's reverse (tails) design depicts an eagle - symbolizing the strength of the survivors, the families and the Nation - against a backdrop of cascading water. The flowing water is emblematic of peace, serenity, healing and the continuity of life. Inscriptions are HONOR and HOPE. The medal's reverse was designed by Weaver and sculpted by United States Mint Sculptor-Engraver Joseph Menna.

To the extent possible, approximately one-half of the proof quality one-ounce silver medals will be struck at the United States Mint at West Point (featuring the "W" mint mark) and one-half at the United States Mint at Philadelphia (featuring the "P" mint mark). Customers may purchase one or both options. There is no household order limit for this product.

Pricing for the 2011 September 11 National Medal is currently set at $66.95. A $10 surcharge included in the price of each medal is authorized to be paid to the National September 11 Memorial & Museum, a private not-for-profit organization overseeing the design and funding of the memorial and museum at the World Trade Center site. The funds will support the museum's operations and maintenance once it is completed. To learn more about the National September 11 Memorial & Museum, please visit http://www.911memorial.org/.

To place an order, visit http://www.usmint.gov/catalog or call 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468). A shipping and handling fee of $4.95 will be added to all domestic orders.

The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

Related posts:

September 11 National Medal Release June 20Special Silver 9/11 National Medal CeremonyTagged as: United States Mint

View the original article here

3.1 Billion 2010 Lincoln Pennies Reached in September

Two significant milestones were achieved last month. topped the 3 billion marker. And with pennies as the major contributor, 2010 coin production surpassed 5 billion coins. September also saw updated production figures for America the Beautiful Quarters™.

The U.S. Mint was less active in September, producing fewer circulating coins for a third straight month as levels fell toward those from May, according to the latest data...

Full Article: US Mint September 2010 Coin Production - CoinNews.net

Related posts:

US Mint produces 33.7 billion commemorative state quarters – Coin NewsUS Circulating Coin ProductionTagged as: CoinNews, United States Mint

View the original article here