The U.S. Mint set a monthly sales record for American Eagle silver
bullion coins in January — a month during which sales were temporarily
suspended while depleted inventories of struck coins were replenished.
Sales resumed Jan. 28.
The Mint recorded sales of 7,498,000 of the 1-ounce .999 fine
silver coins to its authorized purchasers in January. That number is
the highest total for monthly sales in the history of the American
Eagle Silver Bullion Coin Program. Inaugural program sales began in
The previous monthly sales record was established in January 2011
when 6,422,000 American Eagle silver bullion coins were sold.
The silver coins have a face value of one dollar.
Authorized purchasers were able to begin placing orders for 2013
silver American Eagles for the first time on Jan. 7. Ten days later,
on Jan. 17, U.S. Mint officials suspended sales while the West Point
and San Francisco Mints continued production to restock the U.S.
Mint’s silver bullion coin inventory.
When sales were resumed Jan. 28, an allocation policy was placed
into effect restricting the number of coins any one authorized
purchaser could order.
At the time sales were suspended Jan. 17, the Mint had already
recorded sales of 6,007,000 silver American Eagle bullion coins.
Gold bullion coin sales
January’s sales of American Eagle gold bullion coins reflects the
highest sales volume in ounces since July 2010.
January’s sales of 150,000 ounces of the .9167 fine gold American
Eagles represents 124,500 ounces in 1-ounce coins ($50 face value);
8,500 ounces in half-ounce coins (17,000 coins, $25 face value); 6,000
ounces in quarter-ounce coins (24,000 coins, $10 face value); and
11,000 ounces in tenth-ounce coins (110,000 coins, $5 face value).
Sales of the American Buffalo 1-ounce .9999 fine gold $50 coins in
January reached 72,500 ounces. That number is the highest monthly
sales total since October 2009, when 116,500 ounces were reported sold.
Since the introduction of the American Buffalo gold bullion coins
in June 2006, calendar year 2007 is the only one in which sales were
recorded for each of the 12 months. Since then, sales have been
sporadic. In some cases, sales did not start in January; in other
cases, sales, after starting, were interrupted for a month or more;
and in some cases, sales ended before the end of a calendar year or
even before December.
The U.S. Mint does not directly sell the bullion coins to the
public. The Mint instead 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 Eagle and American Buffalo bullion coins to dealers and
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 year. ■