double eagle

US Mint Sales Figures ImageFewer numismatic products are shouting out with noteworthy gains in the latest US Mint weekly sales report, but bullion coins are screaming along with the record highs in gold and silver prices.

More visible on collector’s radar were the debut of Zachary Taylor Presidential $1 rolls, clad US Mint Uncirculated Sets and US Mint Proof Sets, which are on a three week rise.

In fact, with the exception of the Lincoln and Silver Proof Set, all sets performed at least slightly better when compared to last week’s report.

US bullion coins burned the brightest, as the following highlights describe:

  • 2009 Buffalo Gold Bullion Coins hit 171,500 for the year, just 500 shy from matching all of those sold in 2008 — and the 2009s were released only on Oct. 15. The US Mint sold 26,000 during the last seven days alone, bringing the November total to 55,000.

  • 2009 American Eagle Gold Coins jumped up 49,500 in the same time frame for a November tally of 124,000. The month already ranks as the third best of the year.

  • 2009 American Silver Eagles are 7,000 away from reaching 26 million this year. Numbers soared 986,500 in the last seven days, reaching 2,586,500 for the month. November is ranking as the fourth best in 2009 with several days left to place orders.

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US Mint Sales Figures ImageWith gold prices pounding on new highs, many of the US Mint’s gold coins enjoyed stronger sales last week, although $20 UHRs dropped back and proof Buffalo coins continue to slow.

The newly released Lincoln Presidency cent two-roll sets are visible in this week’s report. The initial numbers are solid. Braille Silver Dollars, which will go off sale in less than a month, also picked up nicely. These and more highlights follow:

  • 2009 Buffalo Gold Proof Coin sales continue to soften as compared to their first few days following their Oct. 19 launch. Another 4,316 were added, which is down nearly half from last week’s reported increase of 8,487. On the other hand, the bullion one-ounce versions climbed 13,500 versus the prior 11,000.

  • American Silver Eagles topped 25 million this week. Their latest seven-day sales rose by 750,000, which is down from the prior 850,000. American Gold Eagles are moving faster. 41,500 were sold in the last seven days compared to the previous 30,000.

  • UHR $20 Double Eagles snapped a two-week winning streak. Numbers came in at 1,098 and lagged behind the last gain of 1,453. The year-to-date tally is at 104,862.

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US Mint Sales Figures ImageGold coins are again the major talking points coming out of the latest US Mint sales data. Buffalo gold proof numbers are less spectacular than those from last week’s report. But they are far from shabby and a retreat from the earlier blazing sales was to be expected.

Standing out also were Ultra High Reliefs, bullion Eagles, Braille dollars and the Mint’s traditional annual sets. All improved over the prior week. Our bullet point analysis follows:

  • In less than two weeks, collector 2009 Buffalo Gold Proof Coins surpassed the 2008 sales figures of 25,896. Another 8,487 were added, raising the total to 27,955. In the same family, the sister bullion versions are now at 132,000 for an increase of 15,500 in the last seven days. They are 40,000 shy of topping the same sized 2008-dated sales.

  • American Silver Eagles climbed 850,00 during the same seven-day period, which was 151K better than the last. American Gold Eagles spurred ahead 30,000 — more than double the prior figure. November is historically one of the better months of the year for bullion coins.

  • UHR $20 Double Eagles advanced for a second week. Weekly numbers came in at 1,453 for a year-to-date tally of 103,764. Last week’s report showed a pick up of 1,045 while the week prior was a lowly 562.

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up trend chartIn ironic fashion, a single penny will push US Mint collector gold coin prices higher.

The UHR Gold Double Eagle will increase by $50 to $1,489, the newly released 2009 Gold Buffalo Proof Coins will jump $50 to $1,410 and First Spouse Gold Coins will rise $25 to $729 for the proofs and to $716 for the uncirculated options.

The US Mint uses a London Fix weekly gold average to determine whether to keep gold coin prices the same, or adjust them up or down. An upward adjustment seemed unlikely as the several day average as of Tuesday was well below the $1100 threshold that would trigger them. However, the Wednesday AM London Fix came in higher by over a dozen dollars to $1114.75 an ounce, which was exactly enough to tip the balance.

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UHR $20 Double Eagle Gold CoinThe 2009 Ultra High Relief $20 Double Eagle Gold Coin is one of the most exciting US Mint offerings this year with collectors jumping in to purchase 102,311 as of Nov. 1.

Nothing highlights the coin’s popularity better than the sizzling sales of 28,173 on their Jan. 22, 2009, launch day. And that was in spite of a recession, a one coin order limit preventing bulk buying and gold hovering around $860 an ounce making the double eagle’s issue price $1,189 — a hefty amount for the average collector.

Flash forward 10 months… The economic picture continues to be cloudy — worse for some with the unemployment rate now at 10.2%, and gold has touched $1,100 pushing the UHR price up $250 more to $1,439 (and knocking at the door of $1,489). Despite the US Mint lifting order limits, it’s not surprising that only 1,607 more were purchased during the last two weeks of October. Throwing aside all the negative factors, it would be rare indeed for sales to be thrashing for months on end.

However, an analysis (see chart below) of eBay completed auctions from September 1 through October 31 shows there is still excitement in the air. Graded MS70 UHRs continue to command solid premiums in the secondary market.

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The latest batch of US Mint sales figures are out and jumping to the forefront are gold coins — both bullion and collector. The bullion Silver Eagles are moving along as well. The US Mint Set and Proof Set continue with strength, with the former smashing through the 500,000 barrier. These and other highlights follow: […]

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US Mint Sales Figures ImageUS Mint collector coins moved like molasses when compared to sales figures of two weeks ago. But bullion coins — especially gold — still had a little swagger in their step. October will be a robust month for American Eagles and American Buffalos.

These and other highlights follow:

  • UHR Double Eagles took a significant hit, rising sadly by only 562. Since they went on sale Jan. 22, there has been one single instance when weekly sales were lower. The reason? Gold has been on a five day losing streak, which started last Thursday. It makes sense for collectors to be cautious in buying with expectations of a $50 price decline. We missed that reduction by just 28.8 cents.

  • In the Lincoln category, the Chronicles sets were taken off standby status last week with the max 50,000 officially allocated. Lincoln Cent Proof Sets climbed by 4,900, which was less than half of the prior 10,921 increase.

  • 2009 US Mint and US Mint Proof Sets were the biggest unit gainers, rising 21,826 and 22,613 respectively. The proof sets were actually up a tad bit. Not so for the mint sets which previously climbed by 74,474. The 500,000 milestone is still nearly 11K away.

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UHR $20 Double Eagle Gold CoinThe price of gold has been on a five-day price slide, but ironically the timing of the decline was slightly off in helping collectors pay less for US Mint gold collector coins.

The US Mint uses a London Fix weekly gold average to determine whether to keep gold coin prices the same, or adjust them up or down. The average came in 28.8 cents higher than the threshold needed to cause a reduction of UHR Gold Double Eagles by $50, First Spouse Gold Coins by $25, and 2009 Gold Buffalo Proof Coins by $50.

The Buffalos go on sale Thursday at noon ET. Since the London Fix five day average is $1,050.278, the coins will launch with a price tag of $1,360.00. Had the average been at or below $1,049.99, the coin would have been released at $1,310.00.

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US Mint Sales Figures ImageUS Mint sales once again look attractive following a week when collector interest in most coins dipped. Demand is strong for both silver and gold bullion coins, as has been the case for much of the year. The newly released Gold Buffalo coins were most impressive.

In other notables, Ultra High Relief $20s finally topped the 100K barrier, and the Lincoln Chronicles set shot off Mint shelves to the tune of 50,000 in 30 hours. Collector silver coins and sets also held their own, enjoying better than normal weekly gains. These and other highlights follow:

  • UHR Double Eagle Gold Coins hit 100,704 since their release on Jan. 22. Weekly sales picked up by 1,913 compared to prior 1,172.

  • As expected, although not on the first day like many anticipated, the Lincoln Coin and Chronicles set sold out. The maximum 50,000 were scooped up within 30 hours. Standby orders are now in affect. Also in the Lincoln family line, the Lincoln Proof Set climbed by 10,921.

  • Passing through their haze, Presidential Dollar Proof Set and 2009 Silver Proof Set increased by 2,872 and 12,306, respectively. Both sets were knocked down with negative adjustments in last week’s report.

  • All Braille silver coin products improved. Another 3,277 of the Braille Education Sets were purchased to bring the total up to 5,996. The proof silver dollars unexpectedly jumped 1,445 — the first time they’ve experienced weekly gains of over 1,000 in more than five weeks.

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A month ago our US Mint sales report headline said "Presidential Dollar Sets Pass 600K." Today that picture reverses as the proof dollars withdraw to fall back below the milestone. Several other products fell as well in a week where demand for collector coins trended mostly lower. There were several exceptions, especially for coins of […]