August sales by the U.S. Mint of gold and silver bullion coins rose
from their July levels.
Sales of American Eagle gold bullion coins climbed 28 percent
during August, American Eagle silver coin rose 26 percent, and
American Buffalo gold bullion coin sales more than doubled July levels.
The sales by the U.S. Mint in August followed a traditionally slow
July in which the number of bullion coins dipped dramatically from
The August increases were not sufficient to reverse an overall
decline in sales for 2012 relative to 2011. Year-to-date sales in 2012
compared to the same period in 2011 are down 45 percent for the gold
American Eagle, down 22.1 percent for the silver American Eagle and
down 26.3 percent for the gold American Buffalo.
August sales of American Eagle .9176 fine gold bullion coins
reached 39,000 ounces — 34,000 ounces in 1-ounce coins, 1,500 ounces
in half-ounce coins, 1,000 ounces in quarter-ounce coins and 2,500
ounces in tenth-ounce coins.
Through Aug. 31, calendar year 2012 sales have reached 413,000
ounces. For the first eight months of 2011, the U.S. Mint recorded
sales of 752,500 ounces of the American Eagle gold bullion coins.
American Eagle silver bullion coin sales reached 2.87 million
1-ounce coins in August, bringing the calendar year 2012 total to
22,540,000 coins. Over the same eight-month period in 2011, the Mint
sold 28,951,000 silver American Eagles.
The U.S. Mint recorded sales of 9,000 of the American Buffalo
1-ounce .9999 fine gold $50 coins in August compared with 4,000 coins
the month before.
The total for the first eight months of 2012 reached 88,000 coins,
compared with 119,500 coins over the same period in 2011. ■