American Gold Eagle Bullion Coin Sales Ease Again in October 2011

by Rhonda Kay on November 7, 2011 · 1 comment

2011 American Gold Eagle Bullion Coin

United States Mint sales of American Gold Eagle Bullion Coins reached 50,000 ounces last month

Demand for American Gold Eagle bullion coins eased for a second straight month in October, according to finalized sales figures from the United States Mint. October’s 50,000 ounces trailed behind September’s 91,000 ounces which followed the rush for gold in August at 112,000 ounces.

Last month’s pace was also the slowest in 2011, and much slower than October 2010 which had registered sales of 94,000 ounces. Against every October since the series started 25 years ago, the month ranked 14th highest. October 1986 remains the best at 692,000 total ounces.

United States Mint sales stats show 65,000 of the 22-karat investment-grade coins were delivered to its Authorized Purchasers last month. Of the four bullion Gold Eagle sizes, the one ounce, or $50 denomination, led with 46,000 coins. The next highest sellers were the tenth ounce ($5) with 10,000 and the quarter ounce ($10) with 6,000. In last place was the half ounce size ($25), with only 3,000.

12-Month American Gold Eagle Bullion Coin Sales

(in ounces / number of coins)
Month One
( oz. / # )
Half
( oz. / # )
Quarter
( oz. / # )
Tenth
( oz. / # )
Total
( oz. / # )
October 2010 89,500
89,500
1,500
3,000
500
2,000
2,500
25,000
94,000
119,500
November 2010 107,500
107,500
3,000
6,000
1,000
4,000
500
5,000
112,000
122,500
December 2010 58,500
58,500
500
1,000
500
2,000
500
5,000
60,000
66,500
January 2011 130,500
130,500
500
1,000
500
2,000
2,000
20,000
133,500
153,500
February 2011 72,500
72,500
6,000
12,000
4,000
16,000
10,000
100,000
92,500
200,500
March 2011 60,500
60,500
4,000
8,000
5,000
20,000
4,000
40,000
73,500
128,500
April 2011 94,500
94,500
6,000
12,000
3,500
14,000
4,000
40,000
108,000
160,500
May 2011 93,500
93,500
11,000
22,000
1,000
4,000
1,500
15,000
107,000
134,500
June 2011 56,500
56,500
0
0
2,000
8,000
3,500
35,000
61,500
99,000
July 2011 61,500
61,500
1,500
3,000
0
0
1,500
15,000
64,500
79,500
August 2011 103,500
103,500
1,500
3,000
1,500
6,000
5,500
55,000
112,000
167,500
September 2011 87,500
87,500
500
1,000
500
2,000
2,500
25,000
91,000
115,500
October 2011 46,000
46,000
1,500
3,000
1,500
6,000
1,000
10,000
50,000
65,000

 

Year-to-date American Gold Eagle bullion coin sales stood at 893,500 ounces at the end of last month, slipping 155,000 ounces as compared to the same time period a year ago. Unless the situation changes significantly, it does not appear 2011 will reach the 1,220,500 ounces that sold in 2010.

The United States Mint has been selling American Gold Eagle coins since 1986 in both bullion and collector versions. Each are composed of .9167 fine gold and feature the same designs.

The obverse showcases Augustus Saint-Gaudens’ Liberty design that first appeared on the $20 Double Eagle between 1907 and 1933. The reverse features Miley Busiek’s eagle design of a male and female eagle and their eaglets. The bullion coins do not have a mint mark or a special finish like the collector versions have.

American Gold Buffalo and American Silver Eagle Bullion Coin Sales

In other bullion coin news, the United States Mint also reported 12,500 ounces of American Gold Buffalo bullion coins sold last month. That compared to 13,000 ounces in the previous month. Buffalo coins differ with their pure 24-karat, or .9999 fine gold, composition and western heritage designs. Their annual sales tally came to 145,000 by month’s end.

Combining the Buffalos and Eagles sales between January and October 2011, the Mint delivered 1,038,500 ounces of gold bullion.

As for American Eagle Silver bullion coin sales, demand for them has eased as well. 3,064,000 were ordered compared to 4,460,500 in September. Annual sales, however, broke the all-time highest record during the month when sales exceeded the record of 34,662,500 that was set in 2010.


{ 1 comment… read it below or add one }

Z November 7, 2011 at 4:21 pm

Has there been any news lately when the palladium eagle coins will be coming out?

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