US Mint Bullion Coin Sales Soar in First Half of 2013

by Mike Unser on July 5, 2013 · 4 comments

American Eagle Gold Bullion Coins

United States Mint sales of bullion coins raced through the first half of 2013

Even as gold and silver marked double-digit declines through the first half of 2013, demand soared for United States Mint bullion coins.

Compared to the first six months in 2012, sales this year of American Eagle gold bullion coins almost doubled. More pointed, the mid-year total ranks fifth highest in the Gold Eagle’s 26-year history. American Eagle silver bullion coins are trouncing last year’s totals, on track for a record year.

As for June itself, both series of coins logged strong sales even though summer months tend to be historically slower for bullion.

2013 American Eagle Silver Bullion Coin Sales

June sales of American Eagle silver coins reached 3,275,000. It was the weakest monthly total this year, but in perspective, only one month last year scored higher. Introduced and released annually since 1986, there is just a single June month that performed better, June 2011 when sales totaled 3,402,000. Last month ranks 17th all-time, an exceptional feat given 319 months have passed since the series debuted.

Sales through the first half of 2013 hit 25,043,500. This year is standing atop all others. The annual sales record for the 99.9% pure silver coins happened in 2011 at 39,868,500. Then, it took until July 29, 2011 for sales to surpass 25 million coins. Last year the level was not reached until September 20, 2012.

As a side note, unprecedented demand has trimmed supply of the bullion coins. Since mid-January, the U.S. Mint has allocated or rationed how many Silver Eagles it sales to its distributors.

2013 American Eagle Gold Bullion Coin Sales

American Eagle gold coins combined to 57,000 ounces in June, falling 18.6% from the prior month’s total of 70,000 ounces and down 5% from the year ago level of 60,000 ounces.

Yet, the 22-karat American Gold Eagles at their mid-year total of 629,000 ounces notched an 83.1% increase from the 343,500 ounces sold in the first half of last year. And just four other years started quicker since the series debuted in 1986. They include:

  • 1987 at 723,000 ounces,
  • 1999 at 1,243,000 ounces,
  • 2009 at 670,500 ounces, and
  • 2010 at 673,000 ounces

American Buffalo Gold Bullion Coin Sales

24-karat American Buffalo gold coins at 17,000 ounces in June easily topped the 12,500 ounces sold in May and the 10,000 ounces moved in June of last year.

Sales through the first half of 2013 reached 161,500 for the quickest six-month start in the 8-year old series. Mid year sales last year were 75,000.

2013 America the Beautiful Five Ounce Silver Bullion Coin Sales

June sales from the Mint’s America the Beautiful five ounce bullion program accumulated to 25,300 coins, just missing the 25,800 coins sold in the prior month.

May enjoyed strong pent-up demand as the inventory of past annual issues sold out on March 1 and new coins featuring White Mountain National Forest in New Hampshire did not appear until the 13th. June saw the addition of another two coins from the series. Those depicting Perry’s Victory and International Peace Memorial of Ohio launched on June 3, 2103 and those emblematic of Great Basin National Park in Nevada debuted on June 24, 2013. A sales breakdown follows for the 2013 ATB Five Ounce Silver Bullion Coins by design:

  • 2013 White Mountain America the Beautiful Silver Bullion Coins advanced 1,200 in June for a new total of 27,000
  • 2013 Perry’s Victory America the Beautiful Silver Bullion Coins were released and registered a June total of 14,200
  • 2013 Great Basin America the Beautiful Silver Bullion Coins were released and logged a June total of 9,900

Upcoming ATB silver bullion coins include those for the Fort McHenry Site in Maryland (August 2013) and the ones for Mount Rushmore National Memorial Site in South Dakota (November 2013).

Sales through the first half of 2013 for the five ounce series totaled to 114,200 coins, or 571,000 ounces. The January through June period in 2013 reached only 21,500 coins, or 107,500 ounces, which is less than last month’s total.

Sales Across All U.S. Mint Bullion Products

Below is a breakdown of the latest U.S. Mint bullion coin sales by product type, month and year-to-date. For comparative purposes, added are monthly sales totals from a year ago. All sales are in the number of bullion coins sold, not in the amount of ounces.

Monthly and YTD Sales US Mint Bullion Coins
(# of coins)
  January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 YTD Sales
American Eagle Gold (1 oz) 124,500 68,000 54,000 187,500 61,500 49,000 544,500
American Eagle Gold (1/2 oz) 17,000 5,000 4,000 14,000 2,000 1,000 43,000
American Eagle Gold (1/4 oz) 24,000 12,000 10,000 26,000 6,000 8,000 86,000
American Eagle Gold (1/10 oz) 110,000 70,000 35,000 85,000 60,000 55,000 415,000
American Buffalo Gold (1 oz) 72,500 11,500 11,000 37,000 12,500 17,000 161,500
ATB Silver Coins (5 oz) 28,960 14,340 19,800 0 25,800 25,300 114,200
American Silver Eagle 7.498M 3.3685M 3.3565M 4.087M 3.4585M 3.275M 25.0435M

 

Sales figures above originate from data published by the United States Mint on its webpage found here.

{ 4 comments… read them below or add one }

Terrance Power July 5, 2013 at 5:05 pm

Considering with most investments the public is always late to the game, one would expect that silver is headed to $12 and gold to $800.

Wdg5 July 5, 2013 at 11:54 pm

Mike,
There is a typo in the first para: “Untied” States Mint.
Thanks for all the great content, it is much appreciated.

Mike Unser July 5, 2013 at 11:59 pm

Thanks Wdg5. Typo fixed.

Kevin July 7, 2013 at 10:25 pm

Interesting info from billionnaire Eric Sprott and others re India. They are gold maniacs, as it is part of their culture. Now their govt is discouraging purchases with bogus excuse of ‘trade imbalance.’ The Indian govt is trying to change the psychology of gold ownership by its citizens. (At the urging of USA?). Get people to dislike gold and fewer take delivery. Good thing, because comparatively little is available for delivery.

Just ask Germany, who will now wait 7 years to get some of its gold back from US.

Or ask ABN Amro who effectively defaulted on delivery. They will cut a check instead of delivering gold to their customers who trusted them. Why won’t they deliver the owed gold? They simply don’t have it.

The price plunge since April has been orchestrated. Just read precious metals experts such as Sprott, Jim Sinclair, Ted Butler, Egon Von Greyerz and others.

You can bet that China is buying hand over fist. The price fireworks have yet to truly begin.

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