The United States Mint produces circulating coins for commerce, numismatic coins for collectors, and bullion coins for investors. Quantities are measured in terms of “production” figures when referring to circulating coins, “sales” figures for numismatic products, and “mintage” figures for bullion.
Silver Coins Produced and sold for collectors, silver coins produced by the U.S. Mint are beautiful pieces of art in fine silver. Coins are produced in proof and uncirculated finishes in a variety of options. Silver Bullion Coins provide investors with a convenient and cost effective way to add silver to their investment portfolio. American Silver Eagle Coins. The American Silver Eagle is the official silver bullion coin of the United States and gets minted by the US Mint. First issued in 1986, all American Silver Eagle Coins are 99.9% fine silver bullion, struck in the one troy ounce size you can buy here. Morgan Silver Dollars are one of the most widely minted, circulated, and collected silver coins on the market. These coins are 90% silver and 10% copper, and the United States minted hundreds of millions of them between 1878 and 1921. A left-facing Lady Liberty lies on the obverse of this coin, surrounded by 13 stars.
Numismatic Products: Cumulative Sales
- Frequency: Tuesdays by 5 p.m. ET
- Type: HTML and CSV/Text
- Archive: October 18, 2015 forward
Numismatic Precious Metal Products: Sales
- Frequency: Annually
- Type: HTML and CSV/Text
Bullion: Sales/Mintage
- Frequency:
- Sales: Weekdays by 5 p.m. ET (except federal holidays)
- Mintage: Annually
- Type: HTML and CSV/Text
Circulating Coins: Production
- Frequency: Monthly
- Type: HTML and CSV/Text
Historical Commemorative Coin Sales
- Frequency: Annually and at program end
- Type: HTML
- Numismatic coins (Proof and Uncirculated finishes) are minted in Philadelphia (P), Denver (D), San Francisco (SF), and West Point (WP).
- Bullion coins (Platinum, Gold, and Silver) have recently been minted at all facilities except Denver. Only numismatic products may be purchased directly from the US Mint.
- Circulating-quality coins (as obtained in banks and retail establishments) are produced at Philadelphia and Denver facilities.
Source: https://schiffgold.com/key-gold-news/us-mint-reports-exceptional-demand-for-gold-and-silver-coins-in-january/
FEBRUARY 4, 2021 BY SCHIFFGOLD
Last year’s surge in demand for investment gold and silver continued into January if sales at the US Mint are any indication.
American Gold Eagle bullion coin sales were up 455% in 2020 and the selling continued through the first month of 2021. The mint called the current market demand for precious metals coins “exceptional.”
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Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. While overall demand for gold was down on the year, investment demand hit record levels, according to the World Gold Council. Globally gold coin sales reached a record high of 297.6 tons last year. That was 10% above the previous high of 271 tons set in 2013.
Investment in gold and silver didn’t appear to slow down any in January. According to the US Mint, American Gold Eagle sales were up 267% year-on-year last month, totaling 220,500 ounces. It was the strongest month for Gold Eagle sales since April 2013.
The Mint sold 884,000 ounces of American Gold Eagle coins last year.
Silver Eagle sales were also up year-on-year in January. The US Mint reported 4,775,000 ounces of silver American Eagle coins sold, a 24.15% increase. It was the best January for silver coin sales at the mint since 2017.
According to a Bloomberg report, the US Mint is rationing sales of Silver Eagles and also allocating gold and platinum coin sales to authorized purchasers only. In a statement, the Mint said the policy will remain in place “for the foreseeable future.”
The US Mint continues to struggle to meet high demand due to limited supplies and capacity reductions due to the coronavirus. The mint had to temporarily shut down production at its New York facility last April due to COVID 19. Due to production cuts, there were no half, quarter, or tenth-ounce Gold Eagle coins available several months last year.
Jm Bullion Silver
Looking ahead to 2021, production issues will likely continue to be a problem. Mint officials said there is a limited window to produce gold and silver coins this year due to the release of redesigned coins scheduled for this summer.
Overall demand for physical gold should remain brisk in 2021. There is no end in sight to the borrowing, the spending, and the money printing. Peter Schiff has been predicting inflation pressures will ramp up significantly in the coming year. In fact, we’re already seeing the impacts of the rampant money printing on prices. For instance, import costs have doubled and in some cases tripled. Commodity and agricultural prices are up, along with the price of oil.
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Analysts have also noted that demand for physical gold tends to increase during Democratic presidential administrations.
Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.Interested in learning how to buy gold and buy silver?Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Disclaimer:
This article is solely for informational purposes only and it should not be construed as a solicitation or offer to buy or sell on any financial securities/instruments, etc. nor anyone should take the content as an investment advise, any opinion expressed in this article are subject to change without notice, eurymanthus.wordpress.com and its author is under no obligation to keep current on the information herein and accepts no liabilities for any gains, losses of any kind arising from any of the material presented on any post/s and/or article/s published.
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