Low silver prices have encouraged U.S. Mint customers to buy even more silver bullion this year as gold bullion sales still remain higher than 2012, despite the shrinking gold prices. For the first seven months of the year, American Eagle Silver bullion coin sales grew at the fastest pace ever.
Author: Dorothy Kosich
Posted: Wednesday , 07 Aug 2013
Sales of the U.S. Mint’s American Eagle Silver Bullion coins experienced their best July ever with a whopping 93.4% increase over July 2012 sales, scoring 4,406,500 one-ounce coins sold this July compared to 2,278,000 silver American Eagle one-ounce coins sold in July 2012.
For the first seven months of the year, American Eagle Silver bullion coins sales grew at the fastest pace ever as 2013 appears to be well on its way to setting a new annual record for the coins even though a system of coin rationing is still in place.
During the January through July period of this year, total American Silver Eagle sales hit 29,450,000 ounces, a threshold not accomplished until November 5th of last year. The current annual sales record is 39,868,500 American Silver Eagle Bullion coins sold in 2011 when the 29.45 million silver ounce mark was not achieved until September 2011.
Meanwhile, American Eagle Gold Bullion coin sales were reported at 50,500 ounces sold in July of this year, up nearly 66% from 30,500 ounces sold during July 2012. Year-to-date sales from January to July totaled 679,500 gold ounces, ranking sixth overall in sales for the first seven months of the year since the coins debuted in 1986.
Sales of American Buffalo gold coins during the first seven months of 2013 are up 362% from the same period of last year, setting a new record at a total of 180,000 ounces. This compares to a total of 132,000 ounces of sales recorded for the year in 2012.
The five-ounce American the Beautiful Silver Bullion coin sales are at a seven month total of 656,000 silver ounces as of July, compared to 127,500 ounces last year during the same period. The seven-month America the Beautiful sales so far this year have already exceeded last year’s entire total of 590,500 silver ounces.
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