Sales of American Eagle and Buffalo gold bullion coins from the U.S. Mint decreased in April after a strong performance in March, but their year-to-date totals have significantly exceeded those from the first four months of last year.
Meanwhile, sales of the U.S. Mint’s silver bullion coins remained steady for a third consecutive month in April and continued to lag behind their performance during the same period last year.
In April, sales of American Eagle gold bullion coins totaled 170,000 ounces, a 20.9% decrease from March’s highest monthly sales since January 2021 of 215,000 ounces. Nonetheless, it still reflects a 93.2% increase compared to April 2022’s sales of 88,000 ounces. Year-to-date sales of 605,500 ounces show a 17.7% increase from the 514,500 ounces sold during the same period last year.
For the third consecutive month, American Eagle silver bullion sales increased by 900,000 ounces, marking a 5.9% rise from April 2022’s 850,000 ounces. Nevertheless, sales have declined by 21.1% to 6,649,000 ounces year-to-date, compared to the 8,431,500 ounces sold during the same period last year.
In April, sales of American Buffalo gold bullion rose by 61,000 ounces, which is a 16.4% drop from March’s highest monthly total since October 2009 of 73,000 ounces. However, it reflects a 121.8% increase compared to April 2022’s sales of 27,500 ounces. Year-to-date sales of American Gold Buffalo have reached 212,500 ounces, indicating a 16.8% increase from the 182,000 ounces sold during the first four months of last year.
The 2023-dated American Platinum Eagle bullion coin was released by the U.S. Mint in March, with 7,500 ounces purchased. In April, an additional 500 ounces were sold, bringing the cumulative total to 8,000 ounces. In contrast, last year’s 2022 platinum coin was released a month earlier and saw 25,800 ounces sold in February, followed by 14,200 ounces in March, and no further purchases in April, resulting in a total of 40,000 ounces sold during that period.
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) | ||||
|---|---|---|---|---|
| April 2022 | Mach 2023 | April 2023 | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 80,500 | 211,000 | 159,000 | 529,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 3,000 | 1,000 | 8,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 14,000 | 10,000 | 12,000 | 96,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 25,000 | 10,000 | 35,000 | 245,000 |
| $50 American Buffalo 1 Oz Gold Coin | 27,500 | 73,000 | 61,000 | 212,500 |
| $1 American Eagle 1 Oz Silver Coin | 850,000 | 900,000 | 900,000 | 6,649,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 7,500 | 500 | 8,000 |
Mixed. Guess some bought over spot and some bought below spot. Yay