US Mint sales of gold and silver

benjamen

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Ok, I know I'm the FNG around here... but I thought when demand for these commodities went up, then the prices went up as well? Is there that much manipulation with the paper stocks?
:shrug:

Val
Ignore the spot price and take a look around your local coin stores. In my area, palladium is non-existent, platinum is only seen in the occasional high priced proof coins, silver eagles are going for ~5 dollars over spot if you can find them, and gold eagles (spot + $99) are the only gold that is regularly in stock.
 

stockjockee

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Q1 2013 US Silver Eagle Sales Beats All Records

All the numbers are bot in yet but look at the detail in the link !

Only a week ago, we wrote how the physical silver investment demand is historically high. We got to that conclusion based on the physical holdings of all silver ETF’s combined, as well as the 2013 US Silver Eagle coin sales.

This is the table we published exactly one week ago. It shows the Q1 sales of each year since 2008. Obviously, March 2013 was not complete at that moment in time.

Today’s US Mint figures show an astonishing increase of almost a million ounces over the past week. March 2013 stands now at 3,356,500 silver ounces sold. Replace the latest figure in the above table with the most actual one, and it becomes clear how this is the best first quarter ever (the figures before 2008 were consistently lower).

Now we did an easy but interesting exercise. The first quarter of 2013 saw sales of 14,2 million ounces of US Silver Eagles. We compared this Q1 2013 figure with the total of each year since this giant gold & silver bull market started in 2001. The comparison needs no additional comment (but readers should feel free though to comment in the section below).

Q1 2013 equals 42% of total 2012 US Mint sales of Silver Eagles
•Q1 2013 equals 35% of total 2011 US Mint sales of Silver Eagles
•Q1 2013 equals 41% of total 2010 US Mint sales of Silver Eagles
•Q1 2013 equals 49% of total 2009 US Mint sales of Silver Eagles
•Q1 2013 equals 72% of total 2008 US Mint sales of Silver Eagles
•Q1 2013 is already 40% higher than total 2007 US Mint sales of Silver Eagles
•Q1 2013 is already 42% higher than total 2006 US Mint sales of Silver Eagles
•Q1 2013 is already 69% higher than total 2005 US Mint sales of Silver Eagles
•Q1 2013 is already 47% higher than total 2004 US Mint sales of Silver Eagles
•Q1 2013 is already 56% higher than total 2003 US Mint sales of Silver Eagles
•Q1 2013 is already 41% higher than total 2002 US Mint sales of Silver Eagles
•Q1 2013 is already 61% higher than total 2001 US Mint sales of Silver Eagles


http://goldsilverworlds.com/gold-silver-general/q1-2013-us-silver-eagle-sales-beats-all-records/ :wave:
 

Unbeatable

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& they're already listing 812 000 sold for April... (Obviously big amount carried over from March)

& over 15 million ounces sold YTD.
 

pmbug

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The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday! The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces.
In response to the continued massive demand for silver eagles, the mint also has begun rationing sales of silver eagles to primary dealers resulting in supply delays!
Just as was seen in January, tight physical supplies have seen premiums on ASE’s skyrocketing over the weekend and throughout the day, as ASE’s are rapidly becoming as scarce as 90%!
...
http://silverdoctors.com/us-mint-sells-nearly-1-million-silver-eagles-monday-begins-rationing-sales/

I couldn't find any corroboration to The Doc's claims about the rationing of ASE sales (yet?).
 

pmbug

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pmbug

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A few of those silver ounces are reserved (ie. bought, but not yet delivered) for me. :silver:
 

pmbug

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The U.S. Mint has temporarily suspended sales of its one-tenth ounce American Eagle gold bullion coins because of inventory depletion due to strong demand, but continues to offer the one-ounce, one-half ounce and one-quarter ounce coins.

In a memo to its authorized purchases late Monday, the Mint said that gold coins sales in total ounces has been up more than 100 percent year to date over the same period last year.
http://www.zerohedge.com/news/2013-...-one-tenth-ounce-gold-coins-due-strong-demand
 

pmbug

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Roughly a million a week. That sounds sustainable.
 

pmbug

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US Mint resumes production/sales of 1/10 ounce gold eagles:
The U.S. Mint has resumed selling its 2013 American Eagle One-Tenth Ounce Gold Proof Coin at a hefty $195 per coin as of late Tuesday.

In a memo Tuesday to its authorized coin dealers, the Mint has set a 20,000-coin production limit for the one-tenth ounce bullion coin—without a limit per household.

Sales of its smallest U.S. gold coin was suspended by the Mint in late April as year-to-date demand at that point in time had increased by more than 118%. Sales were suspended until inventories could be replenished.

Also on Tuesday, the Mint lifted purchase limits on the America the Beautiful five-ounce silver bullion coins.

Figures on the U.S. Mint gold sales totals site late Tuesday revealed 50,000 one-tenth ounce gold coins have been sold thus far for this month, with a total of 350,000 one-tenth ounce gold coins sold so far this year. This compares to total sales of 315,000 one-tenth ounce gold coin sales for the entire year of 2012.

Meanwhile, a U.S. Mint spokesman told Reuters that the agency will continue to limit purchases of the American Eagle one-ounce silver coins. Sales of the silver bullion coin were suspended earlier this year due to record-breaking demand. Silver American Eagle bullion coin sales have hit 3,458,500 ounces sold so far this month and a total of 21,768,500 ounces thus far since January 2013.
http://www.mineweb.com/mineweb/content/en//mineweb-gold-news?oid=192134&sn=Detail
 

DoChenRollingBearing

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In June my wife and I will be go to Canada. I will report to pmbug.com how available gold & silver are up there. I hear it is easy to buy gold at banks, we will see.

I am particularly interested in the availability of fractional gold (esp. 1/10 and 1/4 oz sizes) of Maples.
 

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Yeah they must have put the 'sold year to date total' in the July column & that's what was showing up.

2.5 million is still a good total, as I saw they up dated that on 16th of July, so still a lot of the month left to go.
 
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