U.S. Mint Gold and Silver Bullion Sales Fall in February

American Eagle gold and silver bullion sales slowed significantly in February compared to January and to the same month a year ago, figures from the United States Mint show. In addition, their year-to-date sales are weaker than the same time in 2022.

In February, American Eagle gold bullion coins increased by a combined 57,000 ounces, registering declines of 65.1% from 163,500 ounces in January and 36.3% from 89,500 ounces in February 2022. Their sales year to date at 220,500 ounces are 18.6% lower than the 271,000 ounces sold during the first two months of last year.

American Eagle silver bullion sales for the month advanced by 900,000 ounces, posting declines of 77.2% from 3,949,000 ounces in January and 40% from 1,500,000 ounces in February 2022. For the year, their sales at 4,849,000 ounces are 25.4% lower than the 6,501,000 ounces delivered through the same period last year.

American Buffalo gold bullion sales in February moved up by 19,500 ounces, logging declines of 67% from 59,000 ounces in January and 31.6% from 28,500 ounces in February 2022. American Gold Buffalo sales for the year so far at 78,500 ounces are 12.8% lower than the 90,000 ounces sold during the first two months of last year.

The U.S. Mint has not yet released 2023 American Platinum Eagles. The Mint released last year’s 1-ounce platinum coin in March, selling 25,800.

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