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.
Silver Eagle sales were on fire. Three records were shattered in November. It was the best ever month for the bullion coins, annual sales surged to an all-time high, and the 2010-dated Silver Eagle broke the all-time mintage record.
The final two records will continue to grow with December 2010 still in the picture. As for November 2010 Silver Eagle sales, those came in at 4.26 million which broke the old monthly record of 3.696 million set in December 2008.
The following table shows monthly bullion silver coin sales figures for this year:
2010 US Mint Bullion Silver Eagle Coin Sales Figures |
||
|---|---|---|
| Monthly Sales |
Monthly Rank |
|
| January | 3,592,500 | 3 |
| February | 2,050,000 | 10 |
| March | 3,381,000 | 4 |
| April | 2,507,500 | 8 |
| May | 3,636,500 | 2 |
| June | 3,001,000 | 6 |
| July | 2,981,000 | 7 |
| August | 2,451,000 | 9 |
| September | 1,880,000 | 11 |
| October | 3,150,000 | 5 |
| November | 4,260,000 | 1 |
| YTD 2010 Total | 32,890,500 |
As mentioned, Gold Eagle sales in November rose for a third consecutive month. US Mint buyers ordered 112,000 ounces of the 22 karat gold coins. The one ounce size was the most popular by far, followed by the half ounce. In a bit of a surprise, demand for the smallest tenth ounce plunged. They normally lead the smaller fractionals. Just 5,000 coins were purchased as compared to 25,000 in October.
The following table shows monthly bullion gold sales figures for this year:
2010 US Mint Bullion Gold Eagle Coin Sales Figures
| Month | One ( oz. / # ) |
Half ( oz. / # ) |
Quarter ( oz. / # ) |
Tenth ( oz. / # ) |
Total ( oz. / # ) |
| January | 85,000 85,000 |
0 0 |
0 0 |
0 0 |
85,000 85,000 |
| February | 84,000 84,000 |
0 0 |
0 0 |
0 0 |
84,000 84,000 |
| March | 102,000 102,000 |
0 0 |
0 0 |
0 0 |
102,000 102,000 |
| April | 60,500 60,500 |
0 0 |
0 0 |
0 0 |
60,500 60,500 |
| May | 190,000 190,000 |
0 0 |
0 0 |
0 0 |
190,000 190,000 |
| June | 97,000 97,000 |
15,500 31,000 |
11,000 44,000 |
28,000 280,000 |
151,500 452,000 |
| July | 147,500 147,500 |
1,000 2,000 |
500 2,000 |
3,000 30,000 |
152,000 181,500 |
| August | 39,000 39,000 |
500 1,000 |
500 2,000 |
1,500 15,000 |
41,500 57,000 |
| September | 82,500 82,500 |
1,000 2,000 |
1,500 6,000 |
3,000 30,000 |
88,000 120,500 |
| October | 89,500
89,500 |
1,500 3,000 |
500 2,000 |
2,500 25,000 |
94,000 119,500 |
| November | 107,500 107,500 |
3,000 6,000 |
1,000 4,000 |
500 5,000 |
112,000 122,500 |
| Total | 1,084,500 1,084,500 |
22,500 45,000 |
15,000 60,000 |
38,500 385,000 |
1,160,500 1,574,500 |
Year-to-date Gold Eagle bullion coin sales are at 1,160,500 ounces. That is currently the sixth best in annual sales dating back to the series introduction in 1986. Another 19,501 ounces will bring this year to the fifth best.
Combined, the US Mint sold 34,051,000 ounces of bullion Gold and Silver Eagle Coins from January through November.