New products dominated the US Mint weekly sales news articles. The debuting sales performances are known for the 2011 Proof Gold Eagles and the first two 2011-dated America the Beautiful Five Ounce Silver Bullion Coins. Sales figures for these US Mint products are not weekly, in the sense that they have not been available for that long.
The 2011 Proof Gold Eagles were released on Thursday, April 21, and their debut sales cover through to the following Sunday. In summary, the five Proof Gold Eagle products showed weaker starting sales than last year’s issue (2010), but better than the prior year when they were available (2008).
Their launch right before the extended holiday break was certainly one factor that affected sales. Higher prices to compensate for the higher cost of the 22-karat gold within each coin was another.
| Debut Sales of 2011 Proof Gold Eagles | |
| 1 ounce Proof Gold | 7,249 |
| 1/2 ounce Proof Gold | 1,159 |
| 1/4 ounce Proof Gold | 1,313 |
| 1/10 ounce Proof Gold | 3,680 |
| 4 Coin Set Proof Gold | 3,988 |
The first two 2011 America the Beautiful Silver Bullion Coins, the Five Ounce Gettysburg and Five Ounce Glacier issues, were made available on Monday, April 25, to United States Mint Authorized Purchasers who buy in large quantities and resell in smaller quantities.
The US Mint did not provide a daily breakdown of sales as they typically do with bullion products. Their debut performance was instead published through the Mint’s weekly sales report featuring mostly numismatic products. Mint AP’s picked up 153,400 of the silver bullion coins on the first day. Numismatic News reported, article linked below, that the AP’s had ordered 183,400 by Wednesday. The nine AP’s had until Friday to place their order before any unsold inventory was reallocated to others who wanted them. Both five ounce bullion coins have a total available mintage of 253,000, with the possibility that more could be produced later.
The first two news articles below originate from this CoinNews.net site. More detailed analysis of the latest US Mint weekly sales may be found in them or in the four other news articles also linked below.
Gold Eagle Proof Coins Earn $27.7M in Sales Debut
Staff | CoinNews.net
The Gold Eagle products include coins in four sizes — one ounce, half ounce, quarter ounce and tenth ounce with respective denominations of $50, $25, $10 and $5. The United States Mint also offers a four-coin set with each of the coins in a single blue velvet, satin-lined presentation case. The opening performances for each of the gold coin products were …
America the Beautiful Silver Coin Products Debut
Mike Unser | CoinNews.net
Demand for United States Mint numismatic products turned higher for major coins and sets, the bureau’s latest sales figures underscore. This week’s report includes the first batch of debuting sales for the five-ounce 2011 America the Beautiful Silver Bullion Coins, the 2011 America the Beautiful Quarters Silver Proof Set, and the 2011 American Gold Eagle Proof Coins …
5 Oz Silver Bullion Coins, Silver Quarters Sets Appear
Staff | SilverCoinsToday.com
The United States Mint added a few more products to their weekly sales report. Official sales numbers for the 2011 America the Beautiful 5 Ounce Silver Bullion Coins and the 2011 America the Beautiful Quarters Silver Proof Set were proclaimed. In other bullion news, American Silver Eagles shot up another 718,000. This latest advance put April’s total ahead of …
Proof Gold Eagles, Silver Bullion Coins Debut
Staff | CoinCollectingNews.org
The 2011 America the Beautiful Quarters Uncirculated Coin Set was also released during the week, on Tuesday, April 19, but the Mint did not include it in their sales report. The numbers for the 2011 America the Beautiful Quarters Silver Proof Set, however, were finally noted. Three weeks after their debut, the Quarters Silver Proof Set officially entered the sales table for the first time. They went on sale April 1 …
Mint Stats: Buyers Grab Proof Gold Eagles
David C. Harper | Numismatic News via Numismaster.com
They send mixed signals, because they are neither weak numbers nor are they strong. The 7,249 of the one-ounce coin sold represents nearly a quarter of the projected mintage. For options like the half and quarter ounce pieces, sales are less than 10 percent of the total available …
AP’s swift to buy 2011 5 oz coins
Debbie Bradley | Numismatic News
It took only three days for almost 75 percent of the first two 2011 America the Beautiful 5-ounce coins to be sold to Authorized Purchasers. The Mint is making available a mintage of 126,500 for each of the coins, which makes the total mintage for the first two coins 253,000. Nine AP’s ordered a total of …
