October 2010 US Mint Bullion Gold and Silver Eagle Coin Sales

by admin on November 6, 2010

in Bullion Coin Sales

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.

Silver Eagle coin sales were most aggressive. U.S. Mint Authorized Purchasers snapped up 3.15 million of them, snapping a string of four monthly declines and making the month the best ever October. It was the fifth time in 2010 that the 3 million milestone had been breached. That used to be a rare occurrence for the .999 fine silver coins which were first introduced in 1986. The level was the fourth best this year, as illustrated in the following sales:

2010 US Mint Bullion Silver Eagle Coin Sales

  Monthly
Sales
Monthly
Rank
January 3,592,500 2
February 2,050,000 9
March 3,381,000 3
April 2,507,500 7
May 3,636,500 1
June 3,001,000 5
July 2,981,000 6
August 2,451,000 8
September 1,880,000 10
October 3,150,000 4
Total 28,630,500  

 

Further, the solid month added to a total that will make 2010 the best year ever for the series.

Gold Eagle coin sales in October 2010 were stronger for the one ounce and one-half ounce sizes, but slightly weaker for the fractional one-quarter ounce and one-tenth ounce sizes. However, total ounces sold came in at 94,000, which marked a second straight month of gains.

2010 US Mint Bullion Gold Eagle Coin Sales

(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
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
Total 974,000
974,000
19,500
39,000
14,000
56,000
38,000
380,000
1,048,500
1,452,000

 

As the above table highlights, October 2010 more than doubled August levels and it came in 6,000 ounces ahead of September. However, sales were substantially off the year’s best month, which was May with its 190,000 ounces of 22 karat gold coins sold. Sales were also down from October 2009 when buyers ordered 115,500 ounces.

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