The number of ounces worth of gold bullion coins sold by the United States Mint rose in the latest week, bolstered by the launch of the 2011 Gold Buffalo coins. Silver bullion sales showed a slight increase, as the year to date total for American Silver Eagles moved above 11 million.
The United States Mint sells bullion products through a network of authorized purchasers. This small group of primary distributors may buy the coins directly in bulk quantities, based on the market price of the metals plus a mark up. The coins are then resold to other dealers and the public for broader distribution.
At the current time, the available products include one ounce Silver Eagles; one ounce, half ounce, quarter ounce, and tenth ounce Gold Eagles, and one ounce Gold Buffaloes. The 5 ounce America the Beautiful Silver Bullion Coins are expected to be released in late April. The status of the Platinum Eagle coins remains uncertain.
US Mint Bullion Coin Program Sales 3/16/2011 (ounces)
| Prior Week | Month to Date | Year to Date | |
| American Silver Eagle | 748,500 | 1,417,000 | 11,079,000 |
| American Gold Eagle | 24,000 | 42,500 | 268,500 |
| America the Beautiful Silver | 0 | 0 | 0 |
| American Platinum Eagle | 0 | 0 | 0 |
| American Gold Buffalo | 21,500 | 0 | 21,500 |
Total ounces of gold sold for the week ending March 16, 2011 was 45,500. This consisted of 24,000 ounces of American Gold Eagles and 21,500 ounces of the newly released 2011 Gold Buffalo coins. The latter are only available in one ounce size and are struck in 24 karat gold.
In the past week, the US Mint recorded sales of 748,500 ounces of American Silver Eagles. This is up from the sales of 668,500 reported for the previous period. Sales levels for silver bullion continue to be restrained as the US Mint imposes its allocation program, which rations the available supply amongst the authorized purchasers.
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