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Thursday, February 18, 2016

Silver Eagle Allocation and Bullion Sales Update

http://news.coinupdate.com/silver-eagle-allocation-and-bullion-sales-update/

The U.S. Mint has again allocated 1 million ounces of American Eagle Silver bullion coins to be offered for sale to its authorized purchasers this week. Sales were suspended Monday in observance of Presidents’ Day, so the Mint kicked off the week yesterday with 803,000 ASE’s sold. An additional 123,500 ounces were claimed today, leaving 73,500 until the next allocation is issued at the start of next week.
One-ounce Silver Eagles have sold 8,926,500 pieces so far this year, while American Eagle Gold bullion coins have sold a total of 183,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. American Buffalo 1-ounce gold bullion coins sold 42,000 pieces as of this afternoon, while the Mint reported 75,000 Shawnee 5 oz. bullion coins sold as of Monday.
The Mint sold 47,000,000 ounces of Silver Eagles and 801,500 ounces of Gold Eagles in all of 2015, while Gold Buffalo bullion coins sold 220,500 ounces last year. America the Beautiful 5 oz. bullion coins sold a total of 212,000 pieces last year, with recent issues averaging 45,000 coins per design.
At the time of this writing silver is valued at $15.25 per ounce, while gold has held to $1,210.00 per ounce, according to the London Bullion Market Association. With gold now comfortably above the $1,200.00 mark, the Mint has again raised prices on its numismatic gold issues, per its pricing chart for precious medals.
The Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. This year marks the 30th anniversary of American Eagle bullion coins, which were introduced in 1986.

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