Gold and Silver Eagle Bullion Sales Up Strongly in July | Silver Coins

Gold and Silver Eagle Bullion Sales Up Strongly in July

2013 Gold EagleDemand for the United States Mint’s American Gold and Silver Eagles continues to stay at elevated levels as investors take advantage of reduce spot rates. Sales levels for the gold and silver bullion coins were both up strongly compared to year ago levels.

For the normally seasonally weak month of July, American Gold Eagle sales reached 50,500 troy ounces across the offered a single ounce, one-half ounce, one particular-quarter ounce, and 1-tenth ounce sizes. The total sales represented an increase of 65.57% compared to the total sales of 30,500 from the year ago period.

For the year to date, Gold Eagle bullion sales have now reached 679,500 troy ounces. This is up by 81.68% from the 374,000 troy ounces sold in the course of the comparable year ago period.

July 2013 US Mint Bullion Coin Sales

July 2013YTD 2013
American Gold Eagle 1 oz43,000587,500
American Gold Eagle 1/two ozfour,00047,000
American Gold Eagle 1/four oz8,00094,000
American Gold Eagle 1/ten oz35,000450,000
American Gold Buffalo 1 oz18,500180,000
American Silver Eagle 1 ozfour,406,50029,450,000
America the Stunning Silver five oz17,000131,200

For the duration of July 2013, sales of the American Silver Eagle bullion coins reached four,406,500 ounces. After once more this represented an increase of 93.44% compared to the sales from the prior year period. The US Mint had recorded sales of 2,278,000 ounces in July 2012.

An important element to think about when generating comparisons is that the US Mint continues to ration supplies of Silver Eagles at the authorized purchaser level. Through the standard allocation program, the accessible supplies of coins are allocated amongst the eligible dealers. As such, present sales are not necessarily a reflection of the complete market demand for the coins. For the duration of the prior year period, the allocation program was not in impact.

For the year to date, Silver Eagle bullion sales have now reached 29,450,000 ounces. This represents an improve of 49.72% compared to the comparable year ago period when sales had reached 19,670,000 ounces.

The current pace of Silver Eagle sales puts the US Mint on pace for a record breaking year. The present annual sales record of 39,868,500 was reached in 2011.

During the month, the US Mint’s 24 karat American Gold Buffalo bullion coins added sales of 18,500 one ounce coins. The America the Gorgeous five oz. Silver Coins added 17,000 units, accounting for 85,000 troy ounces of silver.

Coin Update» US Coins

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