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 |
Must have been a slow month. You think?
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.
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.
Thank you Rich. And yes, sorry Joe Dirt! Best mullet in America!
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.
Good going Major D. Is this the bullion or proof?
Ah good Major D. Yes, their 2oz, 5oz and 10oz have some good pricings for bullion.
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 »
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.
Weren’t the 5oz silver proofs $175 before Mint raised prices Major D?
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 »