U.S. Mint Sales Pick Up in November
Posted by Brian Ford on November 12, 2012
Figures from the U.S. Mint show more American coins and related products realized higher gains in the beginning of November than the end of October.
American Eagle Gold and Silver Coins are on a streak and 69 collector coins and products tallied higher weekly sales compared to 58, reported in the previous figures.
2012-W Proof American Silver Eagles achieved the 800,000 milestone to become best sellers. Last year, the U.S. Mint sold 850,000 individually before 100,000 sold with purchases of the American Silver Eagle 25th Anniversary Set.
After the 2012-W Proof American Silver Eagles, the 2012 Proof Set is up 13,156 to 603,170, the 2012 Silver Proof Set is up 4,191 to 322,565, the 2012 Mint Set is up 3,719 to 315,943, and 2012 Presidential $1 Coin Proof Set is up 1,530 to 221,598, rounding out the top 5 top selling numismatic products for the week.
The 2012 Proof Set, currently at number two on the list, passed the 600,000 sales mark this week after six months on the market. Demand also improved for most of the Star-Spangled banner and Infantry Soldier Silver Dollar commemorative coins, the majority of the proof American Eagle Gold and Silver Coins, and most of the core 2011 and 2012-dated uncirculated and proof sets.
In early trading Monday, gold gained 0.32 percent to $1,736.50, holding gains near a three-week high around $1,738 achieved in late trading on Friday and well over the two-month low around $1,672 from last week. U.S. gold futures for December delivery were also up, 0.34 percent, to $1,736.70 per troy ounce.
The first seven days of November made for a very strong sales streak for American Eagle Gold and Silver Bullion Coins. If the sales trend were to be extended through the end of November, it would be the best month for sales only behind January of this year, which saw record movements of American Eagles, particularly American Eagle Silver Coins. For purposes of comparison, an extension of the sales so far to the end of November would see at least 74,000 ounces of Gold Eagles and more than 4 million Silver Eagles moving at the Mint.
The U.S. Mint is scheduled to launch the second issue of the 2012 First Spouse Gold Coins series and the last of the 2012 Presidential $1 Coins series the 15th of November, which should add to their outstanding month.
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