American silver and gold eagle coins were flying high in 2014, and as the crystal ball dropped in New York City’s Times Square, we wrapped up what was a very busy year for the precious metal market. As far as the silver and gold bullion scene is concerned, we can easily divide the first and second halves of the year by the metals prices. Gold prices bounced between roughly $1,250 and $1,400 from January through early July, and then started showing weakness after that point. Right around the end of October and into November, the bottom fell out, and gold briefly dipped into the $1,120s.
The U.S. Mint has just announced its 2015 coins and products release schedule, giving coin collectors and bullion investors a heads up as to when they can start making their 2015 coin orders. It looks like the U.S. Mint will be kicking off its first 2015 coin releases very early in the month of January, with a slew of 2015 coin sets and other merchandise to follow.
It was Christmas week, and while the stockings were hung by the chimney with care, the promise of a few more 2014-dated American silver and gold eagle coins was satisfied here. Yes, unlike last week, when I had anemic production figures to report from the U.S. Mint, it looks like several thousand gold eagle coins and slightly more than a half million 2014 American silver eagles were distributed for sale.
It’s been a slow news week for the U.S. American silver and gold eagle coin programs. With nothing new distributed on the gold eagle side and only a lean number of new silver eagle coins to speak of, this report reflects the smallest amount of bullion coin sales activity from the U.S. Mint since CoinValues began disseminating American eagle coin sales data earlier this year.
Gold and silver prices have climbed back to mid-October levels, but how long will bullion values sustain at this level? American silver and gold eagle coins seem to be languishing at the moment, as nobody can really tell where the bullion market will be tomorrow, next week, or next month. It seems this market uncertainty is persuading many investors to hold their wallets and purses tight, because as this U.S. Mint report for American silver and gold eagle bullion sales shows, there was relatively little activity this past week. Of course, some of that may have to do with the coming transition over to year 2015 American eagle coin production.
It was another busy week in silver and gold trading. Over last weekend, both metals stumbled in price, with silver at one point in the low $15 range and gold trading in the $1,140s. By Monday and Tuesday, a recovery brought prices of those metals respectively back into the $16 and $1,200 range. Meanwhile, the United States Mint is transitioning into 2015 American eagle coin issues, and release dates for those coins have been announced; the U.S. Mint will begin accepting orders for 2015 American silver eagles on January 12, 2015 while allocations for American eagle gold coins bearing the new date will begin on January 20.
American eagle silver and gold coin sales figures for November 2014 appear strong, though overall the numbers weren’t quite as high in November as they were in October 2014. A very small part of this may be due to the fact that the U.S. Mint was closed for the Thanksgiving holiday.
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.
Closing out the week of November 21, 2014, bullion coin sales were once again robust riding on a slight stabilization of silver and gold prices over the past week. If you’ve been following bullion prices in the past few weeks, you’ll recall that the price of silver briefly fell below $15 on November 7 and held in the $15 range for much of the following week.
The first week of November saw silver and gold prices slide even further into four-year lows, but during the second week, it appears that a slight correction may be in the works. While we were talking about gold plummeting down to $1130 and silver dipping below $15 in the first week of November, this bullion report shows metal prices are edging northward again.
Last week’s American eagle silver and gold coin sales report from the U.S. Mint was written before the tumble that gold and silver prices took over the past few days. For the record, at this moment, silver is trading at $16.24 and gold is at $1,175. This same time last week, those two metals were priced at $17.20 and $1,231, respectively.
In early October, it looked like the U.S. Mint was well on its way to achieving a monthly sales record for the American eagle silver coins. As we fall through October and look at some crisp new sales numbers released by the U.S. Mint, it’s evident that the monthly production figures remain strong for the American silver eagles, and the same can be said for 1 oz. American gold eagles, too. But will the U.S. Mint surpass its September sales figures for these popular bullion coins?
American eagle coin sales from the past week reflect continued pressure from investors, who appear to be snapping up 1-ounce American siler eagle and American gold eagle coins. While the activity over the past seven days is definitely lighter than it was early in the month, when more than 1 million American silver eagles were sold in just one day, the overall number of sales this past week at the U.S. Mint were nevertheless strong.
Many coin investors and collectors are ready to buy silver coins as prices on the precious bullion metal took a recent tumble. But is the right time right for you to buy silver coins? Only you can make the final detemination before buying silver coins. But with silver hovering between $17 and $18 an ounce as of this writing, this could be one of the best opportunities in years to buy silver coins while prices are still low.
Dropping silver prices may be driving unprecedented levels of buying activity from bullion coin speculators. Just last week, the United States Mint sold more than 2,740,000 American silver eagles. In fact, on one day alone, the U.S. Mint took orders for some 1,150,000 silver eagles. That figure could very well be a U.S. Mint record for one day sales of American silver eagles.