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 |
I wish the US Mint will start selling bullion directly to consumers instead of resellers. Other Mints around the world sell directly to individuals.
Yes. Wishful thinking, that would help to lower premiums.
If there are so many silver planchets, why was the 2022 Morgan and Peace dollars production cancelled? Something is fishy.
Morgan and Peace planchets are smaller than ones used for Eagles and medals Antonio.
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.