Thursday, May 7, 2009

US Mint Bullion Sales for April 2009

The US Mint's bullion sales figures for April 2009 remained robust. The amount of gold bullion sold during the month was the highest of the year. Silver bullion sold was the second highest figure for the year. Once again, the US Mint did not sell any platinum bullion coins. This offering has been delayed with no indication of when sales might begin. Similarly, the 24 karat Gold Buffalo coins were not offered as they are also delayed.

The sales totals for all bullion coins offered by the United States Mint are presented below.

April 2009 US Mint Bullion Sales

1 oz. 1/2 oz. 1/4 oz. 1/10 oz. Total oz.
Gold Eagle 147,500 - - - 147,500
Gold Buffalo -


-
Silver Eagle 2,518,000


2,518,000
Platinum Eagle - - - - -

There were 147,500 ounces of gold sold during April 2009. This consisted entirely of one ounce gold coins, as fractional coins were still not offered.This represented the highest sales level of the year to date. The prior month had sales of 136,500. Sales for the year ago period of April 2008 were 47,500 ounces.

There were 2,518,000 ounces of silver sold during April 2009. Silver bullion sales continue to be at higher levels, on pace for a record year. Since the coins are subject to rationing, this might be an indication that the Silver Eagle shortage might be ending. The prior month silver bullion sales were 3,132,000. Sales for the year ago period of April 2008 were 1,584,000.

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