Gold News

US Mint Silver Bullion Eagle Sales See Best October on Record

SALES of Silver Bullion investment coins by the United States Mint were up 2.9% last month compared to the same period last year, data published by the Mint show.

The US Mint sold 3.153 million ounces of American Eagle Bullion silver coins last month, the largest amount sold during October since at least 1986 – the year from which the US Mint's published monthly sales figures begin.

On a monthly basis however sales of the American Eagle Silver Bullion Coins, which are specifically produced for investment purposes, fell 3.1% from September. 

Sales of Gold Bullion American Eagles also fell from a month earlier, dropping 13.9% to 59,000 ounces. Year-on-year however Gold Coins sales were up 18% on October 2011 – despite starting the final day of last month at only 48,500 ounces sold.

US Mint sales figures for gold and Silver Bullion American Eagles record the weight of coins sold to primary dealers. The US Mint does not sell American Eagle Bullion coins directly to the public.

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