U.S. Mint sales of American Eagle 1-ounce silver bullion coins
during the first four months of 2012 have dropped off considerably
from the record pace set during the same period in 2011.
Sales in 2012 for American Eagle gold bullion coins during the
first four months of the year were also down from 2011 levels during
the same period.
According to U.S. Mint sales totals, through April 30, the Mint
sold 11,659,000 American Eagle silver bullion coins to its authorized
purchasers. That number is down 23.5 percent from the 15,248,000 coins
sold during the same period in 2011.
The number of ounces of American Eagle gold bullion coins sold
thus far in 2012 has reached 230,500, compared with 407,500 ounces
during the same period the year before.
April silver sales
During April 2012, the U.S. Mint totaled sales of 1.52 million
silver American Eagles, compared with March sales of 2.542 million coins.
April’s sales of gold American Eagles totaled 20,000 compared with
62,500 ounces in March. April’s sales represented 19,000 ounces in
1-ounce coins, 500 ounces in quarter-ounce coins (2,000 coins), and
500 ounces in tenth-ounce coins (5,000 coins). No half-ounce gold
coins were sold.
Cumulative gold sales
Cumulative 2012 sales of gold American Eagles through April 30
represent 181,000 ounces in 1-ounce coins, 25,500 ounces in half-ounce
coins (51,000 coins), 10,500 ounces in quarter-ounce coins (42,000
coins), and 13,500 ounces in tenth-ounce coins (135,000 coins).
The Mint sells the 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
Eagles and American Buffalo gold bullion coins to dealers and the public.
Monthly sales totals, posted cumulatively on a daily basis over
the Mint’s website 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. ■