U.S. Mint Bullion Sales Pick Up in October 2022

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American Silver Eagle, 2015
The U.S. Mint in October sold 1,258,000 bullion American Silver Eagles

The United States Mint recorded stronger sales in October for their suite of bullion products — American Gold Eagles, American Siler Eagles, and American Gold Buffalos. Year-to-date levels for American Eagles, however, are trailing those from last year.

American Eagle gold bullion coins advanced 62,500 ounces in October, rising 25% from 50,000 ounces in September while falling 59.2% from 153,000 ounces in October 2021. American Gold Eagle sales for the year to date at 970,000 ounces are 9.8% lower than the 1,075,500 ounces sold during the same period last year.

American Eagle silver bullion sales rose by 1,258,000 ounces, marking increases of 51% from 833,000 ounces in the prior month and 16.9% from 1,076,000 ounces in October of last year. 2022 American Silver Eagle sales at 14,497,500 ounces are 45.8% lower than the 26,751,500 ounces sold during the leading ten months of 2021.

American Buffalo gold bullion sales increased by 39,500 ounces, rising 11.2% from 44,500 ounces in September and falling 3.7% from 41,000 ounces in October 2021. American Gold Buffalo sales for the year at 405,500 ounces are 34.9% higher than the 300,500 ounces sold in the same period last year.

August sales of the 1-ounce American Eagle platinum bullion coins were muted for a second month in a row following gains of 1,000 in August; 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.

July to October 2022 US Mint Bullion Sales (# of coins)
July Aug Sept Oct 2022 Sales
$50 American Eagle 1 Oz Gold Coin 59,500 47,500 47,500 59,500 840,000
$25 American Eagle 1/2 Oz Gold Coin 5,000 2,000 0 2,000 75,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 4,000 4,000 2,000 140,000
$5 American Eagle 1/10 Oz Gold Coin 20,000 20,000 15,000 15,000 575,000
$50 American Buffalo 1 Oz Gold Coin 39,500 22,500 44,500 39,500 405,500
$1 American Eagle 1 Oz Silver Coin 850,000 850,000 833,000 1,258,000 14,497,500
$100 American Eagle 1 Oz Platinum Coin 15,500 1,000 0 0 80,000

 

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

I wish the US Mint will start selling bullion directly to consumers instead of resellers. Other Mints around the world sell directly to individuals.

Last edited 29 days ago by Chris Terp
Jas

Yes. Wishful thinking, that would help to lower premiums.

Kaiser Wilhelm

Jas and Chris Terp, At the risk of appearing to be a wet blanket, I have to say that I believe you gents may simply be missing the basic point here, which is to say what the sole driving reason is behind the Mint’s long-standing pursuit of the Bullion Program. The principal congressionally-mandated purpose of making Bullion Products in the first place and of then having them channeled exclusively through corporate intermediaries is to first be able to provide and then subsequently to enhance the profit making possibilities for those same private commercial enterprises; it does not in any way,… Read more »

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Antonio

If there are so many silver planchets, why was the 2022 Morgan and Peace dollars production cancelled? Something is fishy.

Kaiser Wilhelm

Think of the Mint as a sort of institutional reincarnation of the spirit of the Jedi Master Obi-wan Kenobi, and after you ask the question, the Mint replies, “These are not the planchets you are looking for.”

Chris Terp

Morgan and Peace planchets are smaller than ones used for Eagles and medals Antonio.

Kaiser Wilhelm

As one might say, all coins are struck from planchets but not all planchets can be used to strike all coins.

Not to mention, in the Mint’s hierarchy of priorities the needs of the coin collector rank behind the production of circulating coinage for the Fed and the striking of bullion coins for the Authorized Purchasers. We simply have to remember our place.

Dazed and Coinfused

If they are supposed to produce enough to satiate the public demand, then why do all the silver products have so much of a markup. Bullion, dollars, bars, etc. Seems to me the bullion wholesalers could be manipulating the market artificially so they can make more off the top. Hmmm.

Kaiser Wilhelm

As best as I understand it the Congressional mandate that the Mint satisfy the public demand for silver bullion extends only as far as adequate, which is to say sufficient quantities/numbers and makes no provision as such regarding pricing.