Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree1Likes
  • 1 Post By PMBug

Reply
 
LinkBack Thread Tools
Old 01-10-2013, 06:53 PM   #1
Big-eyed bug
 
Join Date: Nov 2012
Posts: 416
Liked: 249 times
The US mint anomaly

I found a resource that gives you gold coins sales by year for each of the major gold coin producers.

http://www.goldbarsworldwide.com/sec...lionCoins.html

Unfortunately they only go up to final sales for 2011 so far but it still makes for interesting reading in my opinion.

The US mint states that they sold exactly 1 million total gold ounces in 2011 which was down 18% from 1 220 500 in 2010.

These are the sales figures for the other gold coins.

________________________2010______2011________% CHANGE
US Eagle:_______________1 220 500___1 000 000____ - 18%
Turkish Mint:____________1 083 065___1 893 158____ + 80%
Canadian Maple Leaf:_____1 098 000___1 127 387____ + 3%
South African Krugerrand:___642 000_____755 968____ + 18%
Vienna Philharmonic:________574 165_____677 770____ + 20%
Chinese Panda:____________174 210_____489 095____ + 180%
Australian Kangaroo:________56 159_______92 427____ + 65%

In total the other gold coins increased their sales from 3.6 million ounces to over 5 million ounces or an increase of 40%.

The US mint states that they only sold 753 000 ounces in 2012, a further fall of 25% from the 2011 numbers.

Obviously there are regional factors in play but I will be very interested in the 2012 sales figures for the other gold coins.

Last edited by Unbeatable; 01-10-2013 at 07:01 PM.
Unbeatable is offline   Reply With Quote
Old 01-10-2013, 07:16 PM   #2
Jay
Yellow Jacket
 
Join Date: Jun 2012
Posts: 1,511
Liked: 671 times
a chart showing availability might also be interesting, since they frequently halt sales, and that would skew the numbers....
Jay is offline   Reply With Quote
Old 01-10-2013, 08:10 PM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
1MM (troy ounces - not #coins) exactly (2011 AGE sales)? That looks fishy. The US Mint has the same number:

http://www.usmint.gov/mint_programs/...011#GoldTotals
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 01-10-2013, 08:21 PM   #4
Big-eyed bug
 
Join Date: Nov 2012
Posts: 416
Liked: 249 times
Yeah sorry if I wasn't clear those figures are total troy ounces sold.

As I said last years figures would be interesting and silver ounces sold by the other mints would also be interesting.

Last edited by Unbeatable; 01-10-2013 at 08:33 PM.
Unbeatable is offline   Reply With Quote
Old 01-11-2013, 06:04 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
2012 figures for the US Mint can be found here (753,000 ozt gold):

http://www.usmint.gov/mint_programs/...012#GoldTotals

a running total for 2013 can be found here (85,000 so far for the first 10 days of the year):

http://www.usmint.gov/mint_programs/...013#GoldTotals
bushi likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 01-11-2013, 08:18 AM   #6
Big-eyed bug
 
Join Date: Nov 2012
Posts: 416
Liked: 249 times
Hi PMbug

Yeah I've seen the 2012 figures for the US mint, 753 000 ounces.
Which is down 25% from the 1 million in 2011.

But what I haven't found yet is the 2012 troy ounces sold for the other mints to be able to compare it too.

If the other mints have had bumper years again for gold and silver troy ounces sold than it might make the US mint numbers look a bit fishy.
Unbeatable is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
US Mint sales of gold and silver PMBug PM Bug 62 02-26-2019 08:32 AM
Review: Northwest Territory Mint white&yellow999 Marketplace 24 05-24-2016 06:34 PM
US Mint Gold Sales ADK PM Bug 1 12-03-2012 08:42 AM
Favourite mint synopsis Silver Bug 2 04-29-2012 02:15 PM
US Mint Sales Down on AGE and ASE white&yellow999 PM Bug 5 04-05-2012 06:35 AM


All times are GMT -5. The time now is 01:42 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.