U.S. Mint: 2015 American Eagle One-Ounce Gold Bullion Coins Sold Out
Wednesday November 25, 2015 08:42
(Kitco News) - The U.S. Mint has sold out of 2015-dated American Eagle one-ounce gold bullion coins, with no plans to produce any additional ones at this time, officials reported late Tuesday.
Previously, the Mint ran out of the one-tenth and one-fourth ounce sized coins. The Mint will continue to take orders for remaining inventories of American Eagle one-half ounce coins, as well as American Buffalo one-ounce gold bullion coins.
The Mint also reported that it will begin taking orders for 2016-dated American Eagle gold and silver bullion coins on Jan. 11. The agency makes such announcements in memorandums to authorized purchasers.
Gold-coin sales have been stronger in the second half of the year than the first. A report on gold demand trends from the World Gold Council, released earlier this month, said buying of coins and bars was encouraged by lower prices in the third quarter. In fact, the WGC said, U.S. demand hit a five-year high during the July-September period.
Data on the U.S. Mint website show that sales of all sizes of Eagle gold coins combined have topped 100,000 ounces in three of the last four months. Previously, this had not happened since April 2013. November also appears on pace to top 100,000 ounces, having hit 97,000 as of Tuesday.
Sales of Eagle gold coins total 801,000 ounces for the year to date, well above 524,500 ounces for all of 2014.
Earlier Tuesday, the Mint said it would only be producing 2015-dated American Eagle silver bullion coins through the week of Dec. 7 and anticipates making the last American Eagle silver bullion coin allocation of the year on Dec. 14.
“The final allocation is expected to be standard size so please plan accordingly,” the Mint said in its memo to authorized purchasers.
Data on the Mint website show Eagle silver coins for the year to date are 43,851,500 ounces. This is near the full-year 2014 total of 44,006,000.
Kitco News; email@example.com