Gold Gains for Fourth Session, US Mint Coin Sales Rise

by CoinNews.net on March 19, 2013 · 1 comment

Coins, gold and graph

Gold gained Tuesday as other metals fell. US Mint coin sales were higher, but modest.

Safe-haven demand continued to support gold Tuesday as prices advanced for a fourth straight session to log a fresh three-week high.

Gold for April delivery gained $6.70, or 0.4%, to finish at $1,611.30 an ounce on the Comex in New York. The close was the highest since February 26. Gold traded from a daily low of $1,599.00 to a high of $1,615.00.

Cyprus debt woes remained in focus Tuesday after the country’s parliament rejected a proposal to tax bank deposits.

"They rejected this version of the plan, but presumably there will be something else forthcoming. So, the genie is still out of the box in that your bank account is not necessarily secure and that is broadly supportive of gold," Reuters quoted Peter Buchanan, commodity analyst at CIBC World Markets, Toronto.

Gold has climbed in eight of the last nine sessions.

Snapping a two-session winning streak, silver for May delivery shed 3.1 cents, or 0.1%, to $28.843 an ounce. Prices ranged from $28.62 to $29.09.

PGMs continued lower Tuesday:

  • April platinum lost $23.80, or 1.5%, to $1,555.40 an ounce, trading between $1,549.80 and $1,584.90.

  • Palladium for June delivery plunged $29.65, or 3.9%, to $735.20 an ounce, trading between $727.30 and $766.65.

London Precious Metals

Changes were narrow Tuesday for precious metals in London. In contrasting the Monday PM to Tuesday PM London Fix prices:

  • Gold added $7.00, or 0.4%, to $1,610.75 an ounce,
  • Silver tacked on 5.0 cents, or 0.2%, to $28.85 an ounce,
  • Platinum lost $1.00, or 0.1%, to $1,579.00 an ounce, and
  • Palladium declined $4.00, or 0.5%, to $761.00 an ounce

US Bullion Coin Sales in March

U.S. Mint coin sales were wider Tuesday but leaned modest. Two gold bullion products advanced on the day to account for gold coin sales of 2,500 ounces. The Mint’s American Silver Eagles also rose, up 54,000. The silver bullion coins topped 13 million for the year on Monday, a level never seen by March.

Current sales for each of the U.S. Mint’s bullion products follow.

American Eagle and Buffalo Bullion Coin Sales
  Tuesday Sales Last Week Week-To-Date March Sales YTD Sales
$50 American Eagle Gold Coins 2,000 7,500 2,000 31,500 224,000
$25 American Eagle Gold Coins 0 1,000 0 3,000 25,000
$10 American Eagle Gold Coins 0 2,000 0 6,000 42,000
$5 American Eagle Gold Coins 0 10,000 0 20,000 200,000
$50 American Buffalo Gold Coins 500 1,000 500 7,000 91,000
American Silver Eagle Coins 64,000 814,500 692,000 2,413,500 13,270,000

 

America the Beautiful 5 Oz. Silver Bullion Coin Sales
  Tuesday Sales Last Week Week-To-Date March Sales All-Time Sales
2012 El Yunque National Forest 5 oz. Silver Bullion Coins Sold Out 0 24,000
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 600 24,400
2012 Acadia National Park 5 oz. Silver Bullion Coins 0 25,400
2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins 0 20,000
2012 Denali National Park 5 oz. Silver Bullion Coins 0 20,000
2011 Olympic National Park 5 oz. Silver Bullion Coins 0 0 0 0 104,900
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins 0 0 0 10,400 58,100
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 0 0 8,800 48,700
TOTAL 0 0 0 19,800 325,500

 

All bullion figures above are in the number of coins sold. Calculate total ounces by using the bullion coin’s weight.

{ 1 comment… read it below or add one }

Kevin March 20, 2013 at 7:34 am

Thanks for your fine articles. I wish there were more frequent reports on US Mint numismatic coins. Also, when you have articles that contain numismatic reports, perhaps hat word could be in the title? Or am I missing an easy way to locate numismatic figures?

Thanks!

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