Sales of American Eagle and Buffalo gold bullion coins from the U.S. Mint experienced an incredible rally in March, rocketing from the prior month, and far beyond last year’s sales figures from the same month. This resulted in a remarkable improvement in their first quarter totals, bringing them in line with last year’s performance.
However, while sales of the U.S. Mint’s silver bullion coins remained steady in March compared to the previous month, they were significantly lower than those for the same month and first quarter of last year.
In March, sales of American Eagle gold bullion coins surged significantly, with a total of 215,000 ounces sold — the highest monthly sales since January 2021. This marks a 277.2% increase from February’s sales of 57,000 ounces and a 38.3% increase from March 2022’s sales of 155,500 ounces. First-quarter sales for this year totaled 435,500 ounces, a 2.1% increase from the 426,500 ounces sold during the same period last year.
American Eagle silver bullion sales advanced by 900,000 ounces for a second consecutive month, although they declined by 16.7% from the 1,080,500 ounces sold in March 2022. In the first quarter, sales amounted to 5,749,000 ounces, a 24.2% decrease compared to the 7,581,500 ounces sold during the same period last year.
Sales of American Buffalo gold bullion in March soared to 73,000 ounces — the highest monthly sales since October 2009, representing a 274.4% increase from February’s 19,500 ounces and a 156.1% increase from March 2022’s 28,500 ounces. Year-to-date sales for the American Gold Buffalo totaled 151,500 ounces, a 2.3% decrease from the 154,500 ounces sold in the first three months of last year.
The U.S. Mint released the 2023 American Platinum Eagle bullion coin in March, which sold 7,500 ounces. By comparison, the 2022-dated platinum coin was released a month earlier last year and sold 25,800 ounces in February and 14,200 ounces in March, for a total of 40,000 ounces.
Here is a sales breakdown of U.S. Mint bullion products showing the number of coins sold during different periods.
|U.S. Mint Bullion Sales (# of coins)|
|March 2022||Jan 2023||Feb 2023||Mach 2023||2023 Sales|
|$50 American Eagle 1 Oz Gold Coin||140,500||118,000||41,500||211,000||370,500|
|$25 American Eagle 1/2 Oz Gold Coin||5,000||37,000||8,000||1,000||46,000|
|$10 American Eagle 1/4 Oz Gold Coin||20,000||62,000||12,000||10,000||84,000|
|$5 American Eagle 1/10 Oz Gold Coin||75,000||115,000||85,000||10,000||210,000|
|$50 American Buffalo 1 Oz Gold Coin||64,500||59,000||19,500||73,000||151,500|
|$1 American Eagle 1 Oz Silver Coin||1,080,500||3,949,000||900,000||900,000||5,749,000|
|$100 American Eagle 1 Oz Platinum Coin||14,200||0||0||7,500||7,500|