The number of ounces of gold American Eagle bullion coins sold by
the U.S. Mint to its authorized purchasers nearly tripled in March
over February levels, with silver American Eagle bullion coin sales
nearly doubling over the same period.
During the same period, demand for American Buffalo 1-ounce .9999
fine gold $50 coins nearly quadrupled.
During March, the U.S. Mint recorded sales of 62,500 ounces of the
.9167 fine gold American Eagles — 57,500 ounces in 1-ounce coins;
1,000 ounces in half-ounce coins (2,000 coins); and 4,000 ounces in
tenth-ounce coins (40,000 coins).
No quarter-ounce American Eagle gold bullion coins were sold by
the Mint to authorized purchasers in March.
For the first three months of calendar year 2012, the Mint has
recorded sales of 210,500 ounces of gold American Eagles — 162,000
ounces in 1-ounce coins, 25,500 ounces in half-ounce coins (51,000
coins), 10,000 ounces in quarter-ounce coins (40,000 coins) and 13,000
ounces in tenth-ounce coins (130,000 coins).
During the first three months of calendar year 2011, the U.S. Mint
recorded sales of 299,500 ounces of gold American Eagles across all
four weight/denomination sizes. Eighty-eight percent of the total was
in 1-ounce coins.
Silver American Eagles
American Eagle silver bullion coin sales reached 2,542,000 coins
in March, 70.6 percent higher than in February. Combined sales through
March 31 reached 10,139,000 American Eagle silver bullion coins.
During the first three months of 2011, American Eagle silver
bullion coin sales totaled 12,429,000 pieces.
Gold American Buffaloes
The number of American Buffalo gold bullion coins sold in March by
the U.S. Mint to its authorized purchasers reached 26,000 coins,
compared with 7,000 coins in February. Cumulative 2012 sales total
During the first three months of 2011, only 38,000 coins were
sold, all in March, since no sales occurred in January and February.
The Mint sells bullion coins to a network of authorized
purchasers, who acquire the coins from the Mint for the spot price of
the precious metal on a given day on the London metals market plus a
small premium. The authorized purchasers may then sell the American
Eagle and American Buffalo bullion coins to dealers and the public.
Monthly sales totals, posted cumulatively on a daily basis over
the Mint’s Web site at www.usmint.gov for American Eagle
platinum, gold and silver bullion coins and American Buffalo gold
bullion coins, may include coins dated from more than one calendar
year and do not represent mintages for a particular date. ■