Sunday, September 18, 2011

CORRECTION: Strong gold and silver bullion coin sales for August

The U.S. Mint reported 54,000 ounces in sales last month of the new America the Beautiful 5-oz silver bullion coins.
CORRECTION AND UPDATE 9/5-- A weekly report of the U.S. Mint sent to news media including Mineweb, reported total American Eagle gold bullion coin sales of 104,500 ounces for the month of August as of Aug. 29, 2011, more than double the 41,500 ounces of gold bullion sales reported during August 2010.
However, figures posted on the U.S. Mint website as of Sept. 5, 2011, reveal a total of 112,000 ounces of American American Eagle gold bullion coins were sold at the end of August of this year. 
The Mint media release also reported total American Eagle silver bullion coins sales of 2,264,500 ounces for the month of August as of Aug. 29, 2011, down from the 2,451,000 ounces reported during August 2010. However, the U.S. Mint website revealed 3,679,500 ounces of American Eagle silver bullion coins were actually sold in August of this year.
A total of 26,500 American Buffalo one-ounce gold bullion coins were sold for the month of August as of Aug. 29, 2011, according to the Mint media release. The one-ounce bullion coin was not minted last year.
However, the U.S. Mint website now says that 28,000 American Buffalo one-ounce gold bullion coins were sold during the month of August.
The Mint news release said 54,000 America the Beautiful five-ounce silver bullion coins were sold for the month of August as of Aug. 29, 2011.
The release also said combined American Eagle gold bullion coin sales and American Buffalo gold bullion coin sales for the month of August as of Aug. 29, 2011 was 131,100 ounces. However, the figures posted on the U.S. Mint website as of Sept. 5, 2011, show the combined total for August is 140,000 ounces.
The news release also revealed that the combined America the Beautiful silver bullion coin sales and American Eagle silver bullion coin sales for the month of August as of Aug. 29, 2011, were 2,318,500 ounces. However, the Mint website figures for August reveal the combined total would have actually been 3,733,500 silver ounces.
Last month the U.S. Mint took the unprecedented step of suspending the online sales of gold collector coins for the first time recent memory in order to re-price the coins as gold prices neared $1,800 an ounce on Aug. 9, 2011. The move did not affect U.S. Mint gold bullion sales. 
source:
http://www.mineweb.net

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