Gold Hits 5-Week High, Silver Eagle Bullion Coins Top 36M

Bullion Silver Eagle
U.S. Mint sales of American Silver Eagle bullion coins topped 36 million for the year

Gold settled up for a second session Tuesday, reaching a five-week high. Other precious metals also added to prior-day gains.

Gold for December delivery climbed $7, or 0.6%, to end at $1,251.70 an ounce on the Comex division of the New York Mercantile Exchange.

"For the moment I think gold will hold near the key $1,250 level and a strong break above that could take it up to $1,275," Reuters quoted a trader in Hong Kong. "Despite the recent rebound in equities, there are still some worries out there that could attract bids for gold. Weakness in the dollar is a major factor for gold."

Gold traded from $1,245.70 to $1,255.60, the highest price since reaching $1,258.50 an ounce on Sept. 10.

Silver for December delivery jumped 20 cents, or 1.1%, to finish at $17.55 an ounce. Silver prices ranged from $17.36 to $17.66.

In PGM futures on Tuesday:

  • January platinum rose $15.50, or 1.2%, to $1,283 an ounce, ranging from $1,263.30 to $1,285.90.

  • Palladium for December delivery surged $13.70, or 1.8%, to $776 an ounce, trading between $759.15 and $777.60.

London Fix Precious Metals

Earlier fixed London precious metals were mixed. When comparing London bullion Fix prices from Monday PM to Tuesday PM:

  • Gold gained $5.75, or 0.5%, to $1,250.25 an ounce,
  • Silver dipped 2 cents, or 0.1%, to $17.36,
  • Platinum added $13, or 1%, to $1,281 an ounce, and
  • Palladium rose $15, or 2%, to $771 an ounce

US Mint Bullion Coin Sales in October

United States Mint bullion coin sales gained for the first time this week. Increases included 10,000 ounces in gold coins and 724,000 ounces in silver coins. The latter is 23.2% higher than all last week.

American Silver Eagle bullion coins advanced 715,000 on the day, topping the 36 million mark for the year and maintaining the second quickest pace in the coin’s 29-year history. Sales in record year 2013 hit nearly 38.2 million on Oct. 21, 2013.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold on Tuesday, last week, last month, in October, and the year to date.

American Eagle and Buffalo Bullion Sales (# of coins)
Tuesday / Week-to-Date Sales Last Week September Sales October Sales YTD Sales
$100 American Platinum Eagle Bullion Coins N/A* 2,700 400 16,700
$50 American Eagle Bullion Gold Coins 7,000 6,500 50,500 42,000 338,000
$25 American Eagle Bullion Gold Coins 1,000 1,000 6,000 6,000 38,000
$10 American Eagle Bullion Gold Coins 0 2,000 8,000 8,000 100,000
$5 American Eagle Bullion Gold Coins 5,000 20,000 30,000 35,000 475,000
$50 American Buffalo Bullion Gold Coins 2,000 6,000 14,500 19,000 158,500
$1 American Eagle Silver Bullion Coins 715,000 580,000 4,140,000 3,815,000 36,066,000
Great Smoky Mountains National Park 5 Oz Silver Bullion Coins 0 0 3,500 0 33,000
Shenandoah National Park 5 Oz Silver Bullion Coins 400 0 1,000 400 21,900
Arches National Park 5 Oz Silver Bullion Coins 0 0 800 0 22,000
Great Sand Dunes 5 Oz Silver Bullion Coins 1,400 1,500 4,500 4,200 16,200


*The U.S. Mint stopped selling bullion Platinum Eagles on Oct. 1. The agency will begin selling 2015-dated issues in early January.

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juan canela

Will American Silver Eagle coins be a good purchase in 2015? Is there any limit on the number of Silver Eagle coins that I can legally bring into Argentina? The U.S Customs and Border Protection limits the amount of currency to $10, 000.00 that can be legally transported or physically brought into the United States? That was the amount during the 1980s, and now I don’t know.