2011 Buffalo 24-Karat Bullion Gold Coin
The United States Mint began selling 2011 American Buffalo 24-Karat Bullion Gold Coins on March 14, 2011.
As a bullion product, the US Mint does not offer the bullion coins directly to the public but instead sells them to a small network of distributors who then resell the coins for a small premium over the current price of gold. The coins then begin to make their way into the secondary market where investors, coin collectors and others can purchase them.
While collectors order them, their main purpose is as an investment option. The US Mint says the following on its website about the bullion coin: [click to continue…]
The biggest mover was the bullion American Silver Eagles in the most recent coin sales figures from the United States Mint. They made a modest jump of 136,000. Modest best described their growth, since their previous weekly surges were 1.18 million and 1.32 million.
For numismatic products, the 2011 Proof Set was most popular. It is still the newest on the scene, and it jumped another 25,879 in this round to make its new total 279,023. [click to continue…]
United States Mint annual bullion coin sales figures in 2010 were record-breaking for American Silver Eagles, weaker for American Gold Eagles and higher for American Buffalo Gold coins.
In total, the US Mint sold 36,917,000 ounces of gold and silver in bullion coins in 2010. It did not produce bullion American Platinum Eagles for a second straight year, so those again came in at zero. [click to continue…]
Inaugural sales figures were published this week for the America the Beautiful Silver Bullion Coins that launched on Friday, December 10, to United States Mint Authorized Purchasers. The coins were originally scheduled to release Monday, December 6, but the Mint pulled the plug in the 11th hour due to complaints from the public about prices.
Authorized Purchasers chose not to buy all 165,000 of the allotted coins on the first day. Instead, they ordered 75,000 of them. Several of the eleven approved purchasers had not made the final call in making a purchase (they had until December 17) and some may choose not to participate in the program, given the new reseller rules the Mint outlined late last week. [click to continue…]
Bullion Gold and Silver Eagle coins rallied again in November 2010. US Mint coin sales figures show demand for Gold Eagles climbed for a third straight month and interest in Silver Eagles jumped for a second month in a row.
Precious metals prices encouraged gold and silver coin purchases. Silver prices soared 14.9 percent in November while gold was up 2.1 percent during the month. [click to continue…]
Top numismatic sellers in the most recent United States Mint coin sales figure report were once again sets and gold coins, but the biggest news was in silver bullion.
Silver Eagle bullion coins bulldozed beyond old records to set new all-time highs. Authorized U.S. Mint Purchasers picked up over one million coins in a week and moved the annual sales total beyond 31 million. The old sales record for the series was nearly 29 million. The latest increases gave 2010 Silver Eagles the all-time mintage record, previously held by the 2009 Silver Eagles.
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Bullion Gold and Silver Eagle coin sales rallied in October 2010, closing month figures from the United States Mint reveal.
Helping drive demand for the bullion coins were precious metals prices, with gold rising 3.7 percent in October and silver up an impressive 12.6 percent. [click to continue…]
2009 American Gold Buffalo Bullion Coins were on fire for the short period they were available. The United States Mint released the one-ounce, 24 karat gold coins on Oct. 15. Within five days 71,500 were sold, which represented nearly 42 percent of 2008’s total.
Although the sales pace later cooled compared to the opening numbers, the amount that left US Mint doors in either October or November turned out to be greater than any single month in 2007 or 2008. And by Dec. 4, the Buffalos sold out.
In the end, 200,000 Buffalo gold coins were purchased in 2009, topping 2007 and 2008 sales.
US Mint authorized dealers would have bought more, but no more were to be had.
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins," U.S. Mint Director of Public Affairs Tom Jurkowsky said in announcing their sellout. "No additional inventory will be made available."
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The United States Mint sold more gold bullion coins during the last seven days than the preceding week, the latest figures from the agency reveal. Sales of silver coins were also strong, but down slightly.
US Mint authorized dealers purchased another 31,500 American Gold Eagles and 12,500 more American Gold Buffalo coins from last Monday to today. That compares to the prior respective pick ups of 29,000 and 11,000.
American Silver Eagles advanced 775,000 during the same period, and passed just over 25 million for the year. Last week’s report showed that the silver eagles had climbed by 825,000.
Here are tables containing the most recent US Mint sales figures of bullion coins: [click to continue…]
More than two million American Silver Eagles were sold to US Mint authorized dealers within the last two weeks, pulling their 2009 sales above 23 million and now over 24 million.
The latest seven day figures have cooled slightly, but still rank as one of the better weeks of the year. 825,000 more left US Mint doors compared to the home run 1,314,000 figure from last week’s bullion report.
If the pace can be maintained, silver eagles would reach 30 million this year, breaking last year’s annual tally by some 10 million.
American Buffalo Gold coin sales were weaker by nearly one third. 11,000 more were sold versus the prior 30,000. The new 2009 total is at 127,500 — an impressive number given they were released only on Oct. 15 and then when considering 172,000 were sold in all of 2008.
Finally, demand for American Gold Eagles is still strong after coming of their 5th best October ever. 11,000 more were added in the last seven days.
Here are tables containing the most recent US Mint sales figures of bullion coins: [click to continue…]