The United States Mint sold 2.13 million Silver Eagles and 82,000 Gold Eagles during the month of August. Pretty impressive. Still, if these numbers seem lower than those from July or June, that's because they are.
From that fact alone, it would be easy to conclude that gold and silver eagle coin demand is on the retreat. But that wouldn't exactly be accurate.
An analysis of the historical record shows that August often tends to be a weaker month for bullion American Eagles. Any decline, should therefore be almost expected and certainly not a surprise.
What every investor or collector of the series should be studying is not just the 2009 monthly trends, but the historical performance of the coins during a given month. That offers a clearer and more complete performance picture.
Demand is lower for bullion coins? Poppycock. US Mint sales figures released Wednesday say otherwise.
Marking the third best month of a record setting pace year, demand in June for American Eagle Gold and Silver Bullion Coins jumped aggressively over May.
Silver eagle sales soared in June, rising 340,500 higher than May figures. 2,245,000 silver bullion eagles were sold. The total is now 13,824,500 for an annualized rate that is easily on track to smash last year's 20,583,000 record.
Gold eagles sales sizzled and nearly doubled May tallies. 116,000 gold bullion eagles were sold in June. With half of this year now set in history, 670,500 have been purchased -- one of the best six month totals since the series began in 1986.
2009 American Eagle Silver Bullion Coin sales blazed passed the 12 million barrier this week and approached 1 million sold during the first eleven days in June, the latest US Mint sales figures reveal.
The Mint's authorized dealers purchased 377,000 silver eagles during the first eight days in June (ending Monday). By Wednesday the tally more than doubled to 777,000 sold. The figure then jumped to 930,000 on Thursday, bringing the year-to-date total to a record setting pace of 12,509,500.
The current selling velocity will rocket June past the 1.9 million eagles sold in May -- a month with high numbers but surprisingly ranking second from the bottom for silver bullion coin sales this year. That is how great 2009 has been for silver coins.
Sales of 2009 Silver Eagle Bullion Coins are blistering hot, with an incredible record-breaking pace of 9.64 million sold through Monday, April 27, according to the latest US Mint sales stats.
Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*
*Total for April shows reported US Mint sales up through April 27.
More silver eagles have been sold during February, March and even an unfinished April than any corresponding month since the American Eagle series was launched in 1986. What happened in January 2009? It was a great month for the eagles as well, coming in second place behind the record sales in January 2008.
Proof and uncirculated 2009 American Eagle Gold Coins are temporarily suspended, the United States Mint is now announcing in the latest statement from its online store.
The coins are struck for collectors and include the "W" mintmark, unlike the 2009 bullion versions intended for investors -- although many coin collectors purchase them -- and already available through the Mint's authorized purchasers, coin dealers and precious metals sellers.
Federal Mint Swissmint has launched a new several year commemorative coin series celebrating historical mountain railways. The first commemorative out of the gate is the 20 Swiss franc silver coin, the "Vitznau-Rigi Railway," honoring Europe's first mountain railway.
Artist Benno K. Zehnder designed the coin and portrays the cog railway on the Rigi in the form of a playing card. Separated by letters ascending to the right is a modern railway engine and under the "Vitznau-Rigi Railway" heading is a historical steam engine.