US Mint Bullion Coin Sales Top 36.9 Million Ounces in 2010

by admin on January 9, 2011

in Bullion Coin Sales

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.

Debuting for the first time in 2010 were the five-ounce America the Beautiful Silver Bullion Coins. They launched on December 10. By December 23, all 850,000 ounces, or 165,000 of the silver coins had sold out. This included 33,000 of each of the five 2010-dated strikes for the Hot Springs Silver Bullion Coin (Arkansas), the Yellowstone Silver Bullion Coin (Wyoming), the Yosemite Silver Bullion Coin (California), the Grand Canyon Silver Bullion Coin (Arizona) and the Mount Hood Silver Bullion Coin (Oregon).

The biggest US Mint sellers, as typical, were the smaller one-ounce, .999 fine silver coins. Silver Eagle coin sales hit a record 34,662,500 in 2010. The annual figure ranks as the all-time high dating back to the series launch in 1986. Demand in December, however, was terrible when compared to previous 2010 months. Only 1,772,000 were sold, which was the weakest monthly level of the year. That was a bit of a surprise considering the 4.26 million sold in November was the best ever for a month. Such a fall from a new record was not expected.

The following table shows monthly bullion silver coin sales figures for this year:

Silver Eagle Bullion Coin Sales Figures

  Monthly
Sales
January 3,592,500
February 2,050,000
March 3,381,000
April 2,507,500
May 3,636,500
June 3,001,000
July 2,981,000
August 2,451,000
September 1,880,000
October 3,150,000
November 4,260,000
December 1,772,000
2010 Sales Total 34,662,500

 

Gold Eagle coin sales tumbled in December, which has traditionally been one of the best months of the year for the 22 karat gold bullion coins. Buyers grabbed only 60,000 ounces, which was the second lowest level of the year. Up until then, the coins had a streak of three straight monthly increases.

However, American Gold Eagle 2010 annual sales topped 1.2 million ounces, which was enough to make the year the sixth best for the Gold Eagle bullion coins which also debuted in 1986.

The one-ounce size was the annual leader with sales of 1,143,500. The one-tenth ounce size came in second with 39,000 ounces or 390,000 coins. Next was the one-half ounce with 23,000 ounces or 46,000 coins and then the one-quarter ounce with 15,500 ounces or 62,000 coins.

The following table shows monthly bullion gold sales figures for this year:

Gold Eagle Bullion Coin Sales Figures

(in ounces / number of coins)
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
December 58,500
58,500
500
1,000
500
2,000
500
5,000
60,000
66,500
2010 Sales Total 1,143,500
1,143,500
23,000
46,000
15,500
62,000
39,000
390,000
1,220,500
1,641,000

 

Finally, the one-ounce American Gold Buffalo finished at 209,000, making 2010 the second best year for the 24 karat gold bullion coins which first launched in 2006. The debut year was the best at 323,000. However, comparing 2010 sales to past years — 2008 and 2009, specifically — is less than fair since they were not always available throughout the last three year. Their sales numbers follow.

2010 Gold Buffalo Bullion Coin Sales Figures

  Monthly
Sales
January 0
February 0
March 0
April 56,000
May 70,500
June 33,500
July 23,000
August 15,500
September 10,000
October 0
November 0
December 0
2010 Sales Total 209,000

 

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