US Mint sales for February ticked downwards as both American Gold Eagle and the American Silver Eagle sold fewer units than in previous months.
3,022,000 American Silver Eagles were purchased from the US Mint in February, a 45.4% decrease off January’s 5,530,000, a 19.4% decrease from the year prior, the worst February totals since 2013.
Silver Eagles broke a sales record in 2014 with a whopping 44,006,000 sold. 8,525,000 Silver Eagles were sold in the first two months of 2014, while 8,552,000 were sold in the same two months in 2015. So, demand is not that far off last year’s record breaking totals.
American Eagle Gold Bullion Coins
American Gold Eagles sales increased by 18,500 ounces. Sales of each type of American Gold Eagle (1 ounce, ½ ounce, ¼ ounce, 1/10 ounce) increased in February.
American Buffalo Gold Bullion Coins
February American Gold Buffalo coin sales were totaled at 12,000 ounces, the same as February 2014. Sales, nonetheless, fell 65.2% compared to January when buyers purchased 34,500 ounces.
Silver Sales Increasing Compared To Gold
In the years 1987 to 2000, the US Mint sold 15 Silver Eagles for every ounce of Gold Eagles sold. In the period 2001 to 2007, this just about doubled. From 2008 to 2014, the sales-rate of Silver Eagle to Gold Eagle became 41-1.