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.
|U.S. Mint Bullion Sales (# of coins)|
|Feb 2022||Jan 2023||Feb 2023||2023 Sales|
|$50 American Eagle 1 Oz Gold Coin||86,000||118,000||41,500||159,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||37,000||8,000||45,000|
|$10 American Eagle 1/4 Oz Gold Coin||4,000||62,000||12,000||74,000|
|$5 American Eagle 1/10 Oz Gold Coin||25,000||115,000||85,000||200,000|
|$50 American Buffalo 1 Oz Gold Coin||28,500||59,000||19,500||78,500|
|$1 American Eagle 1 Oz Silver Coin||1,500,000||3,949,000||900,000||4,849,000|
|$100 American Eagle 1 Oz Platinum Coin||25,800||0||0||0|