$5 Gold Eagle Sales Resume, Allocation Ends for 5 Oz Bullion Coins

by Darrin Lee Unser on May 28, 2013 · 3 comments

Bullion production at the United States Mint has apparently made enough gains toward meeting demand as availability has changed for two different bullion coins.

2013 $5 American Gold Eagle and 2013 White Mountain 5 Oz Silver Bullion Coin

2013 $5 American Gold Eagle and 2013 White Mountain 5 Oz Silver Bullion Coin

First, the allocation process for the 2013 White Mountain National Forest Five Ounce Silver Bullion Coin has been lifted. Second, the U.S. Mint is again selling 2013 $5 American Gold Eagle bullion coins. These changes were announced today in a memo sent to U.S. Mint Authorized Purchasers (APs).

Rationing Ends for White Mountain 5 Oz Bullion Coin

Sales of the White Mountain Five Ounce Silver Bullion Coin began just a few weeks ago, on May 13, 2013. Since that release, the 99.9% pure silver coins have been sold to the Mint’s APs under an allocation program. Each week, available inventories of the strike were divided into two pools with one pool distributed evenly among all APs and the second pool split based on their past purchase history.

Despite the rationing, sales were brisk for the first 2013-dated strike in the series. In nine days, the U.S. Mint recorded sales of 23,300 coins. That level is more than the final sales for the prior two bullion coins honoring Hawai’i Volcanoes National Park and Denali National Park.

There was a bit of pent-up demand helping sales. America the Beautiful Five Ounce Silver Bullion Coins had not been available from the U.S. Mint since March 1, 2013 when the Mint’s entire inventory of 2011- and 2012-dated coins sold out.

Today, the minimum order quantity for the White Mountain coins is 500 ounces/100 coins with 500 ounces/100 coin ordering increments.

Sales Resume for $5 Gold Eagle Bullion Coins

22-karat 2013 American Gold Eagle bullion coins launched on January 2, 2013. They are available in sizes of one-ounce, half-ounce, quarter-ounce and tenth-ounce, which match the respective Gold Eagle denominations of $50, $25, $10 and $5. By mid-April, inventories of the one-tenth ounce coin were depleted and the U.S. Mint announced their temporary suspension. Sales have resumed for the smallest Gold Eagle, and without any rationing.

"We have produced sufficient quantities of these coins, and as a result, we will not have to allocate inventories," the U.S. Mint memo to APs added.

Bullion products from the U.S. Mint are not sold directly to the public but through the Authorized Purchasers who buy in volume and then re-sell in smaller quantities to coin and bullion dealers or the public.

{ 3 comments… read them below or add one }

Boz May 28, 2013 at 2:28 pm

A word to the wise. These coins will become more taxable under the “Marketplace Tax Act that has passed the US Senate and is now in the judiciary committee of the US House. That is because they are bought from retail vendors, not directly from the goverment, whose sales are tax free. The rate will depend on where you live. Currently 45 states have “use” taxes that supposedly are already in place, but depend on voluntary compliance. The new law has serious teeth, and is specifically targeted to big ticket items such as bullion and firearms. While there will be a small seller exemption for some, the AP network and coin dealers will have to charge you. ID requirements will be rigorous and the new SS agency will comb credit card and bank records to insure compliance. If you love the IRS and such, you will rejoice in this.

Please investigate for yourself and let you congressperson know your feelings.

I apologize for the somewhat political post, but this legislation is more than an internet tax. It will fundamentally change your life and the coin business forever.

sean7k May 29, 2013 at 6:46 am

If you want to change the course of tyranny, end the fed.
Your congress person is a critter of the elites and votes to ensure a system of graft and ever greater control. Any hopes of representative democracy or a republic ended when bankers took over the country (1913).
People in all countries have always found ways to get around taxes and this one will be no different. Liberty reserve has been taken down and bitcoin will be next. Still, we are an imaginative species.
Now, how many more kinds of silver eagles can the mint create? Especially when they are unable to meet demand? Eagles have been allocated since January and the mint will still beat records this year.
Somebody wants real money and that is the start of real freedom…

Eve Silver June 1, 2013 at 4:36 am

Good to hear that the US Mint is now again selling small Eagle gold coins, but for investors it makes no sense to buy small gold coins…. the premium is too high… investment should be in one-ounce-gold coins…and for bread and butter you have 1oz silver Eagles…

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