Gold Eagles Storming in September, Silver Eagles Sleeping

by admin on September 14, 2009

in Bullion Coin Sales

US Bullion Coins & SalesGold Eagles are ahead of the recent monthly pace while Silver Eagles are crawling.

Both seemed to have gotten off to a slow start for the month, as the US Mint only posted the first September figures on the 9th (there was a three-day holiday in the mix).

But then the Gold Eagles jumped, and fast. With just 14 days into the month, a total of 62,500 have moved. The entire months of July and August each tallied 86,000 and 82,000, respectively. Of course in those months gold didn’t head up and then over the $1,000 an ounce level like it did last week.

Silver Eagles seem to be struggling and sleeping. The US Mint sold 600,000 so far this month. That’s not even near half of the 2,130,000 sold in August and even further behind July’s 2,810,000.

Here are tables containing the most recent US Mint sales figures of bullion coins:

American Eagle Bullion Coin Sales Totals

 
Aug 31
Sept 14
Unit Difference
% Difference
Silver Eagle Sales
18,764,500
19,364,500
600,000
3.2%
Gold Eagle Sales
838,500
901,000
62,500
7.5%

2009 American Eagle Bullion Coin Sales by Month

  Silver Eagles Gold Eagles
January 1,900,000 92,000
February 2,125,000 113,500
March 3,132,000 136,500
April 2,518,000 147,500
May 1,904,000 65,000
June 2,245,000 116,000
July 2,810,000 86,000
August 2,130,000 82,000
September 600,000 62,500
Total* 19,364,500 901,000

 

*Figures as of Sept. 14. The US Mint sells bullion coins, which are the non collector versions, only to its authorized purchasers who then sell to dealers and/or directly to the public. With that, some give and take and delay should be placed into the equation for judging "today’s demand" for these coins when having only Mint numbers at hand.

For the prior report, read Silver Eagles Surge, Gold Eagles Maintain.

For links to the latest sales figures for US Mint collector coins, follow Collector Coin Sales.

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