U.S. Mint Gold Bullion Sales Quicken in July

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CoinNews photo 2022 American Silver Eagle Bullion Coins
This CoinNews photo shows a pair off 2022 American Eagle Silver Bullion Coins (obverse and reverse)

United States Mint bullion sales quickened in July for gold products but slowed for American Silver Eagles. Directionally, their year-to-date bullion sales matched as well compared to the same period last year with gold sales higher and silver sales lowers.

American Eagle gold bullion coins advanced 64,500 ounces in July, registering gains of 24% from 52,000 ounces in June and 10.3% from 58,500 ounces in July 2021. American Gold Eagle sales for the year so far at 806,000 ounces are 13.3% higher than the 711,500 ounces sold during the same period last year.

American Eagle silver bullion sales increased by 850,000 ounces, representing declines of 8.1% from 925,000 ounces in June and 72.6% from 3,104,000 ounces in July 2021. 2022 American Silver Eagle sales at 11,556,500 ounces are 39.2% lower than the 19,010,500 ounces sold during the first seven months of last year.

American Buffalo gold bullion sales rose 39,500 ounces in July, marking gains of 83.7% from 21,500 ounces in June and 172.4% from 14,500 ounces in July 2021. American Gold Buffalo sales for the year at 299,000 ounces are 43.8% higher than the 208,000 ounces sold in the same period last year.

July sales of the 1-ounce American Eagle platinum bullion coins moved up by 15,500 following gains of 23,500 in June; 14,500 ounces in March; and 25,800 in February. Their year-to-date sales of 79,000 coins now top last year’s edition which registered increases of 35,000 in March and 40,000 in May for a 2021 total of 75,000 coins.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Jan Feb March April May June July 2022 Sales
$50 American Eagle 1 Oz Gold Coin 123,500 86,000 140,500 80,500 164,500 31,000 59,500 685,500
$25 American Eagle 1/2 Oz Gold Coin 45,000 0 5,000 3,000 7,000 6,000 5,000 71,000
$10 American Eagle 1/4 Oz Gold Coin 64,000 4,000 20,000 14,000 8,000 18,000 2,000 130,000
$5 American Eagle 1/10 Oz Gold Coin 195,000 25,000 75,000 25,000 50,000 135,000 20,000 525,000
$50 American Buffalo 1 Oz Gold Coin 61,500 28,500 64,500 27,500 56,000 21,500 39,500 299,000
$1 American Eagle 1 Oz Silver Coin 5,001,000 1,500,000 1,080,500 850,000 1,350,000 925,000 850,000 11,556,500
$100 American Eagle 1 Oz Platinum Coin 0 25,800 14,200 0 0 23,500 15,500 79,000
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Antonio

We’ll see what August brings. I’m looking forward to the ASEs next week. That’ll be it for me for the year. Look forward to next year, 2023.

Major D

The remainder of the year after August doesn’t pique my interest either, except for possibly the Ltd Ed silver set in October- but I’ll need to see if it offers any surprise. As of right now, it doesn’t look like it’s offering anything new.

Major D

Reverse silver AWQ would be cool

Major D

yes, I’d like that, too. wait…am I talking to myself?

Last edited 6 days ago by Major D
Major D

anyone see this one?

s-l500.jpg
Mike Hunt

Yeh … but at least you’re talking to a real person.

PS This automated BOT response was created by a virtual machine. Do not attempt to respond to this un-monitored recording.

That said, has anyone looked at the 160,000 quantity of 2022 ASE Uncirculated coins (#22EG) … about 2,000 of which are still available? Curious …..

Major D

Yes, #22EG has been in and out of “Not Available” and every time that I see it’s back available there are several thousands more of them. Based on the July 31 sales report there were 152,121 sold of #22EG plus 979 of the 40-coin #22EG040, so with what’s still available of #22EG that equals around 193,300 (No telling how many of #22EG040 are left). There is a stated product limit of 160,000 for #22EG, but there is no mintage limit– so the final mintage could end up north of 200,000 if the Mint keeps at it.

Major D

Well, they are marketed in another format- being the 40-coin sold only to dealers. I’m just going by the Mint’s sales report which shows the combined sales total is already at 191,281 (152,121 sold of #22EG plus 979 sold of the 40-coin #22EG040: 152,121+39,160=191,281). There is no mintage limit, so there’s no telling how many of the 40-coin the Mint will produce to sell to dealers, whereas the Mint can only sell another 7,879 of #22EG before getting to the 160,000-product limit.

Major D

Yes, it’s confusing how the Mint releases its sales numbers. I find I have to get a calculator out to calculate mintage forecast numbers especially with what the Mint does with NA $ (250-coin box, 100-coin bag, 25-coin roll for each P&D, plus mintage for the 2022 Uncirculated set); AI $ (100-coin bag and 25-coin roll for each P&D); and AWQ (100-coin bag, 2-roll set, and 3-roll set for each P&D each quarter, plus mintage for the 2022 Uncirculated set). And if sales are still open, taking the latest Sunday sales report number and adding the number available as of… Read more »

Kaiser Wilhelm

Major D,

I can see that the Product Limit is necessary as a numerical waypoint for coin purchases from the Mint. However, as far as what the population of any given coin will be when all is said and done, it has become quite clear that only the eventual, final Mintage Limit matters.

Major D

Kaiser, sorry to correct you but I believe that one’s from the Eagles’ Hotel California: Mirrors on the ceiling, the pink champagne on ice
And she said, “We are all just prisoners here of our own device”. Unless the Eagles took from Jim?

Rich

Major D, Thanks for posting the real lyrics. All this time I must have misheard them to be “We are all just pissing us here, on our own device”

Antonio

Reminds me of peas on earth, lol.

Major D

yes, towards that end….

silver lining.jpg
Antonio

Hello, it’s smeagol

NINTCHDBPICT0004777086082-1.jpg
Kaiser Wilhelm

No, you’re right, Major D. Well, in my defense, they do say that if you can remember the ’60s then you probably weren’t there.

Antonio

It is the key to the entire series, besting the 1995-W ASE.

Major D

Yes, the coveted 2019-S Enhanced Reverse Proof. I started collecting too late and missed that one!

Antonio

I was on hiatus and missed it as well.

2019-s-enhanced-reverse-proof-silver-eagle-merged45c2824011176df9aa55ff0000be2468.jpg
Rich

Antonio and Major D, even if you had tried to order one online the very first minute they went on sale, I seriously doubt you would have succeeded in acquiring one. I tried like hell to place an order for one precisely at launch time but failed. Somehow the Dealers got them all even with the HOL = 1.

Kaiser Wilhelm

Rich, Antonio and Major D, As Rich just noted, even at the one minute mark those ASEs were already impossible to acquire. We individual customers didn’t find out until the end of 2020/beginning of 2021 that the guilty parties had been the dealers and buying clubs who launched their Bots a fraction of a second after High Noon and thereby were able to easily scoop up all those coins before a human even had the time to react. It seems the primary culprit was the Brooklyn Buying Group, which apparently employed far more Bots than any other purchasing entity. While… Read more »

Jeff Legan

Hi Rich,
I managed to get one. There was one from 2017 that I did not manage to get. That and the 1995-w are the only ones I need to complete my proof set. All are OGP. OGP for the 1995-w was a 4 coin set that I could have gotten for $5000 at the time (from Littleton). That was somewhere around 2006-2008. I have no idea what that set would go for now. It was out of my price range then and I have no doubt is even more out of my reach now.

Kaiser Wilhelm

Jeff, regarding your two “missing” coins for that Proof Set, and if it may be even the slightest bit of consolation, allow me to paraphrase a line from one of Leonard Cohen’s most beautiful songs to the effect that “there is a crack in everything, that’s how the light gets in.” Imperfection, or in this case incompleteness, allows for a space between the completely satisfied and the truly complacent, thereby giving one the chance, if so desired, to alter one’s thinking and thus have the opportunity to continue to grow.

Last edited 2 days ago by Kaiser Wilhelm
Jeff Legan

Thanks Kaiser Wilhelm,
It is funny, but I do not even feel a need to complete it. To this day, it still bothers me that the mint did not release a proof 2009 ASE ( I had an enrollment, dammit! It was like they were breaking a contract). I almost stopped collecting them then. It is almost like even if I got the other 2 today, the collection would still be incomplete.

Rich

Wow Jeff, you sure were lucky to have scored the 2019-S Enhanced Reverse Proof ASE. Is the 2017 Proof ASE you are referring to the 2017-S that was released in the 2017 Congratulations Set and then in the 2017 Limited Edition Silver Proof Set? BTW, the 1995-W American Eagle Proof 10th Anniversary 5-coin Set in OGP is currently selling for around $9,500.

Last edited 1 day ago by Rich
Jeff Legan

Hi Rich, yep, that is the one. Was that the first year they did that limited edition proof set? Or maybe the first year they put a special ASE in the set? I do not even look at the newest of those now, and that I did not manage to get the first one would explain why. I am kind of blasé about my ASEs ever since they did not release a 2009 proof. Ahhh, a 5 coin set for the 1995-w. Sorry about that error. Other than verifying I actually did get the 2019-s reverse proof, I just went… Read more »

Rich

Jeff, the background behind the 2017-S Proof ASE is very interesting. In 2012, a 2012-S Proof ASE came with the 75th Anniversary San Francisco Mint 2-coin Set (mintage = 224,935), and also was included in the 2012-S Coin and Currency Set (mintage = 56,857). The next time a Proof “S” Mint ASE was released was in the 2017 Congratulations Set to everyone’s surprise (and that set sold out quickly). The ASE Proof Congratulations Set first came out in 2013 and always contained the W mint Proof ASE, that is until 2017 when the Mint switched to a 2017-S Proof. After… Read more »

Last edited 1 day ago by Rich
Jeff Legan

Hi Rich,
Yeah, that explains it. I got the 75th anniversary 2 coin set in 2012, so I ignored the Coin and Currency set. I did not need either the Congratulations Sets or the Limited Edition Silver Proof Set until 2017, when I of course tried but could not get one. I do not think I even tried for the Congratulations Set in 2017. Probably because I had never failed to get my purchase completed before, so I waited for the other one.

Rich

Antonio, IMHO the 1995-W ASE Proof is still the key to the series even though it’s mintage is a little higher than the 2019-S ASE Enhanced Reverse Proof (29,909 versus 30,102). As per their relative values, the PCGS Price Guide prices are as follows:
1995-W PR-69 = $3,500 & PR-70 = $20,500
2019-S PR-69 = $1,200 & PR-70 = $2,600

As a benchmark, the prices for the 2020-W $50 Gold Eagle Proof – v75 Privy are PR-69 = $13,500 & PR-70 = $18,500

Kaiser Wilhelm

That’s very interesting to know, Rich, and certainly represents a form of poetic justice.

Marjorie A. Miller

When will the 2023 American Eagle silver dollar be available?

Major D

Marjorie, I think we’re in the dark until the Mint publishes its 2023 schedule. I recommend checking the Mint web site later in the year.