The United States Mint has updated its daily bullion sales reports through to this morning, Monday, April 5, 2021. The past week was exceptionally slow when it came to sales of bullion products for the United States Mint. Indeed, through to April 5, 2021, the Mint reported no bullion sales for the past week. That is unusual.
Looking at the total coin sales for March, the American Eagle silver 1-ounce bullion coin had 3,302,000 sales in the month with the total sales for the year now at 11,268,500. This is still well on pace to top the 30 million coins sold in 2020.
Meanwhile, the American Eagle gold 1-ounce coin had sales of 45,000 coins for the month of March, putting its total for the year so far at 357,000. The American Eagle gold 1/2-ounce coin had no sales in March while the 1/25th-Ounce coin had 20,000 coins sold and the 1/10th-ounce had 55,000 coins sold in March.
The American Eagle platinum 1-ounce coin had its first sales of 2021 in March with 35,000 coins sold early in the month. Like the silver and gold bullion American Eagles, there were no sales last week of the platinum coin through last week up to April 5, 2021.
The American Buffalo coin also had no sales last week and had a total sales for March of 32,500.
As for why there were no sales, one possible explanation could be that the Mint is starting to produce the upcoming Type-2 reverse of the gold and silver coins. It could be that the Mint has run out of the Type-1 designs and took last week to retool for production of the new coins. The Mint is expected to release the new Reverse design Eagles this month so the timing and lack of sales seems to fit.
As a reminder to collectors new and old, United States Mint bullion coins are sold to Authorized Purchasers and cannot be directly purchased from the Mint itself. The United States Mint updates is bullion sales report each day at 5:00 PM Eastern. USCoinNews.com publishes a weekly summary of the previous week each Monday. You can find the report on the Mint’s site here as it is available to the public.
The United States Mint updates is American Buffalo bullion sales report each day at 5:00 PM Eastern. USCoinNews.com publishes a weekly summary of the previous week each Monday. You can find the report on the Mint’s site here as it is available to the public.