June 2010 US Mint Gold and Silver Bullion Coin Sales
Gold Coins, Silver Coins, United States Coins Sunday, July 11th, 2010
Bullion continued to be on fire in June, according to United Stats Mint sale figures which show American Gold Eagles enjoyed their second best performance since 1999 and American Silver Eagles their best June ever and sixth best monthly sales since 1986.
Both bullion coins would have inched higher on the leader board had it not been for May sales that were even hotter. Still, their sales were impressive since summer months are usually among the slowest for the American Eagle series.
The following table provides U.S. Mint coin figures. The first column is for June 2010 and the third for sales through to June 30, 2010. Before looking at it, two things should be noted. One, the totals are in coins sold and not ounces of them sold, and two, they are bullion coins only. To date, the U.S. Mint has not offered numismatic/collector 2010 proof or uncirculated America Eagle versions (the 2009s were canceled due to the enormous demand of the bullion versions).
June Bullion Coin Sales |
||
| JUNE 2010 | 2010 TOTALS | |
| American Eagle Gold 1 oz | 97,000 | 618,500 |
| American Eagle Gold 1/2 oz | 31,000 | 31,000 |
| American Eagle Gold 1/4 oz | 44,000 | 44,000 |
| American Eagle Gold 1/10 oz | 280,000 | 280,000 |
| American Buffalo Gold 1 oz | 33,500 | 160,500 |
| American Eagle Silver 1 oz | 3,001,000 | 18,168,500 |
Prominent in the table are fractional 2010 Gold Eagles, which became available June 10, 2010. Initial sales of the coins exploded, although they have since slowed. The 1/10 ounce sizes have already passed the 260,000 sold in years 2008 and 2009.
In terms of ounces, Mint buyers snapped up 185,000 ounce of gold -- 151,500 ounces of American Gold Eagles and 33,500 ounces of American Buffalo Gold coins.
Demand for the Buffalo bullion coins actually more than halved from May when 70,500 were sold, and are less than April's 56,500. The introduction of the Eagle fractionals likely contributed to their falling numbers.
Switching to American Silver Eagles, the more than 3 million for June marks the fourth time in 2010 the level has been topped. As mentioned, June sales ranked six all-time. The month trailed December 1986, May 2010, January 2010, March 2010 and March 2009 -- in that order. The 18+ million sold during the first half of the year is extraordinary. If that number is doubled by year's end, 2010 will easily earn the title as the best ever for the coins. The current annual record was hit in 2009 with 28,766,500.
In terms of new bullion offerings left for the year, there will be five 2010 bullion America the Beautiful 5 oz Silver Coins that are expected to start debuting later this summer. These are the .999 fine, 3-inch diameter coins that are duplicates of the America the Beautiful Quarters.
The Mint has not indicated whether the platinum bullion American Eagles will be released. The collector proof version will launch on August 12, 2010.
This year's bullion coin sales pace again places pressure on the collector American Eagles. As the Mint is required by law to produce bullion versions to meet demand, the proof and uncirculated coins may again get canceled.
Related World Mint Coins articles:
- US Mint Bullion Coin Sales: 2009 Buffalo Gold at 145,500
- Gold and Silver Fall, American Eagle Bullion Jumps
- Initial Fractional Gold Eagle Sales Available
Posted by World Mint Coins Staff
on Jul 11 2010. Filed under Gold Coins, Silver Coins, United States Coins.
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