U.S. Mint American Eagle Coins – Bullion Sales for Week Ending November 28, 2014

U.S. Mint American Eagle Coins – Bullion Sales for Week Ending November 28, 2014

While Americans recovered from tryptophan lows and Black Friday shopping highs, the bullion market quietly slid back just a tad for the week ending November 28, 2014. Silver now rests at $15.56 while gold settled to $1,167 – just a bit off last week’s bullion prices of $15.75 and $1,175, respectively. As bullion prices reclined a tad in the easy chair (and who didn’t last Thursday or Friday?), the U.S. Mint closed out the month of November 2014 with some respectable numbers in terms of American silver and gold coin sales.

Here’s a rundown of the American eagle silver and gold coin sales for the month of November, compared to figures from October 2014:

 

October 1-31

November 22-28

1 Oz. American Silver Eagle

5,790,000

737,000
3,426,000 for November

1 Oz. American Gold Eagle

57,500

7,500
49,000 for the month

1/2 Oz. American Gold Eagle

6,000

3,000
8,000 for the month

1/4 Oz. American Gold Eagle

8,000

2,000
12,000 for the month

1/10 Oz. American Gold Eagle

50,000

10,000
40,000 for the month

Bear in mind it was Thanksgiving week, so production figures will be a little lower than they may have been with a full, five-day operating week. The start of December is on Monday, which means the U.S. Mint has finished selling American silver and gold eagle coins for November 2014. Still, all in all, the silver and gold coin sales for November look strong, and this robust performance can be attributed to the overall decline in bullion prices. During the first days of November, gold and silver prices were particularly low, with silver bobbing just under $15 at one point and gold plunging just below $1,130, spurring investors to cease on the low bullion prices and buy silver and gold American eagles.

Certainly, going into December and the big online holiday shopping day of Cyber Monday, we could see some sizable distribution figures from the U.S. Mint next week. Though, the real kick in production numbers usually comes when silver and gold prices make a serious move either up or down.

How will December start off? Will the first week of the last month in 2014 help hit home some record, year-end bullion coin sales for the U.S. Mint? Stay tuned. 



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