U.S. Mint Gold Bullion Sales Slow in August

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American Silver Eagle, 2015
The U.S. Mint in August sold 850,000 bullion American Silver Eagles, the same as in July

United States Mint bullion sales in August were steady for American Silver Eagles, but weak historically, and slowed sharply for American Eagle and Buffalo gold coins, figures from the bureau show. The U.S. Mint’s 2022 American Platinum Eagle continues to solidly outperform last year’s edition.

American Eagle gold bullion coins advanced 51,500 ounces in August, registering declines of 20.2% from 64,500 ounces in July and 62.1% from 136,000 ounces in August 2021. American Gold Eagle sales for the year to date at 857,500 ounces are 1.2% higher than the 847,500 ounces sold during the same period last year.

American Eagle silver bullion sales rose by 850,000 ounces for a second month in a row, dropping 78.4% from 3,930,000 ounces in August of last year. 2022 American Silver Eagle sales at 12,406,500 ounces are 45.9% lower than the 22,940,500 ounces sold during the leading eight months of 2021.

American Buffalo gold bullion sales increased by 22,500 ounces in August, marking declines of 43% from 39,500 ounces in July and 18.2% from 27,500 ounces in August 2021. American Gold Buffalo sales for the year at 321,500 ounces are 36.5% higher than the 235,500 ounces sold in the same period last year.

August sales of the 1-ounce American Eagle platinum bullion coins picked up by 1,000 following gains of 15,500 in July; 23,500 in June; 14,200 ounces in March; and 25,800 in February. Their year-to-date sales of 80,000 coins tops last year’s edition which posted 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 Aug 2022 Sales
$50 American Eagle 1 Oz Gold Coin 123,500 86,000 140,500 80,500 164,500 31,000 59,500 47,500 733,000
$25 American Eagle 1/2 Oz Gold Coin 45,000 0 5,000 3,000 7,000 6,000 5,000 2,000 73,000
$10 American Eagle 1/4 Oz Gold Coin 64,000 4,000 20,000 14,000 8,000 18,000 2,000 4,000 134,000
$5 American Eagle 1/10 Oz Gold Coin 195,000 25,000 75,000 25,000 50,000 135,000 20,000 20,000 545,000
$50 American Buffalo 1 Oz Gold Coin 61,500 28,500 64,500 27,500 56,000 21,500 39,500 22,500 321,500
$1 American Eagle 1 Oz Silver Coin 5,001,000 1,500,000 1,080,500 850,000 1,350,000 925,000 850,000 850,000 12,406,500
$100 American Eagle 1 Oz Platinum Coin 0 25,800 14,200 0 0 23,500 15,500 1,000 80,000
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Antonio

Must have been a slow month. You think?

Kaiser Wilhelm

That’s what happens when billionaires decide to spend their discretionary millions on super-yachts, private jets, mega-mansions and fleets of luxury cars instead of gold.

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Chris Terp

Please US Mint let everyday Joe, John Q. Public & Joe Sixpak purchase bullion directly. Many other Mints around globe afford customers this convenience. Mint is all about making money now raising prices all the time, so just open up bullion sales to citizenry and make money.

Rich

Chris, that is the most profound and far-reaching suggestion and comment to grace the pages of CoinNews. Thank you for your bold statement.
And lets not leave out Joe Dirt.

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Chris Terp

Thank you Rich. And yes, sorry Joe Dirt! Best mullet in America!

Kaiser Wilhelm

Chris Terp and Good Sir Rich, To be truly inclusive, how about we also add the already ubiquitous John and Jane Doe to the wished for bullion coin distribution list. On a more serious note, I agree entirely and without reservation, Chris, with the totally logical rationale behind your proposal for Mint fairness, and with you, Good Sir Rich, regarding your enthusiastic endorsement of it. The problem, however, is that the Mint has already proceeded in the very opposite direction as far as its sales policies go. By this I mean that rather than choosing to allow direct retail access… Read more »

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Chris Terp

Kaiser, I get emails all the time from the UKs Royal Mint about purchasing and investing in precious metals (i.e., buying bullion). Since the US Dollar is gaining against the Pound Sterling maybe I’ll jump in and pick up some QEII bullion coins then later pick up some King Charles III bullion coins.

Kaiser Wilhelm

That is some really excellent thinking, there, Chris. Quite obviously there is clearly no better time to pick up some British Bullion than while the dollar is soaring like it is right now. We all know how much and how fast these international currency rates can change, so why not be smart and strike at this very moment while the iron is at its hottest. Buy the Queen and King Bullion!

Chris Terp

Good going Major D. Is this the bullion or proof?

Chris Terp

Ah good Major D. Yes, their 2oz, 5oz and 10oz have some good pricings for bullion.

Rich

Chris and Major D, you bring up another interesting point about our US Mint precious metal bullion and proof coins versus other world mints, and that is the variety of sizes/weights and denominations. Our silver, platinum and palladium proof and bullion/BU coins are only available in 1 ounce weight* (and one denomination), and our gold proof/BU coins are only minted in 4 weights/denominations (1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce). Other Mints around the world like The Royal Mint, Royal Canadian Mint, Perth Mint (and Royal Australian Mint), Mexico Mint, and China Mint offer a vastly wider range… Read more »

Last edited 16 days ago by Rich
Chris Terp

Yes Rich, some of the ATBs are 5oz as well as some of the commemoratives – the Apollo Landing commemorative had a 5oz proof silver coin.

Kaiser Wilhelm

Aside from being impressive looking coins, Chris, the ATB 5oz “hockey pucks” gave me a good laugh thanks to their 25 cent denomination.

Kaiser Wilhelm

When the Mint quadrupled the price of the large size bronze medals from $40 to $160 each my initial impulse was to believe that they were trying to kill the entire Medal program outright by putting the cost to the customer at that absurd level. Additionally, since the Mint also raised the price of the small Medals from $5 to $20 each that move didn’t do anything but help support my contention. It’s my firm belief that the exorbitant prices for the likes of these bronze medals and for so many of the other numismatic items that the Mint sells… Read more »

Chris Terp

Weren’t the 5oz silver proofs $175 before Mint raised prices Major D?

Chris Terp

I think it was December 2019 for the price increases by the Mint – although I’m foggy on the date too? You know you may be right about the higher price for the Apollo 5oz, I think the higher price was to donate part of proceeds to the foundation / non-profit aligned with the commemorative coin minting? The foreign mints may be cheaper but then they add their VAT taxes and foreign shipping. Only recently that we in the US get some value now when purchasing from the overseas mints because dollar is strengthening. It’s a plus the Royal Mint… Read more »

Kaiser Wilhelm

Good Sir Rich,

I’m glad you brought that up, precisely because it may be well nigh impossible for some collectors to ever afford to purchaser entire ounces of the likes of palladium, gold and even the less costly platinum. Those smaller coins, especially the 1/10 and 1/20 ounce variety, can therefore come in very handy in that particular regard.

Kaiser Wilhelm

What a spectacular looking coin that 10-oz British Royal Arms is, Major D, and I especially love the thickness of it; that’s a really serious amount of silver there! Excellent purchase!

As far as the price, what with the premiums on silver bullion these days and considering it included shipping, not a bad deal at all.