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A key metric of current supply/demand dynamics can be found regularly by examining recent sales data. Of note is recent sales data from one of the largest suppliers of bullion products in the world: The U.S. Mint. Gross sales figures can provide some insight as to how robust or flat demand may be, and investors can also monitor premium levels as well to determine investor appetite. This article summarizes U.S. Mint November sales data. You can read our article about October sales data here. 

American Gold Eagles

Anywhere in the world, the iconic American Gold Eagle is recognized as a symbol of freedom and everything the United States stands for as well as for being a reliable store of value. This highly popular coin is available in both bullion and proof form and comes in a variety of weights. The one-ounce size continues to be the most popular among investors.

The mint sold 16,000 of the single ounce coins in November. These figures were well-below the sales figures for October, which saw 21,000 coins sold. The dip in sales could be for several reasons, but recent range-bound trade has likely not induced bargain hunters or momentum buyers. The market did see a significant dip from the October highs around $1245-$1252 per-ounce yet appears ready to test that region again. An upside breakout could potentially ignite some fresh buying interest.

Another leg higher in price could make gold eagles hard to come by. The good news, however, is that you can now pre-order the 2019 American Gold Eagle at most major bullion dealers.

American Silver Eagles

The American Silver Eagle is the most popular silver bullion coin in the world. Like its counterpart the gold eagle, these coins are full of symbolism and are highly liquid. These coins are only available in the one-ounce weight.

American Silver Eagles sales totaled 1,645,000 coins in November. This figure represents an increase over October sales data, which came in at 1,430,000 total ounces.

Silver likely saw a boost as prices remained depressed, and investors may be looking to scoop up these coins before the next major bull market gets going. $14 to $15 per-ounce for silver coins may represent an excellent incredible value, and long-term investors may be quite comfortable buying as much as they can around current levels.

American Buffalo

The symbolic American Buffalo Gold coin was the first gold coin struck in 24-karat gold by the mint and it features a stunning design that celebrates the iconic buffalo. First introduced in 2006, the buffalo coin is available in both bullion and proof versions.

The American Gold Buffalo saw total coin sales of 5,500 in November. This was considerably less than October’s sales figures, which saw sales of 6,500 total ounces.

November sales figures for both gold eagles and buffalos were lower as investors may have taken a wait-and-see approach. The market may have not seen a large enough decline to tempt bargain hunters and has yet to see additional upside momentum to tease those waiting to purchase.

America the Beautiful 5 Ounce Silver Coins

The 5-ounce America the Beautiful Silver coin was first introduced by the U.S. Mint in 2010 and was inspired by alterations made to the nation’s circulation quarters in the late 20th century. The coins feature various designs with each design paying homage to the various 50 states.

Sales of America the Beautiful coins stand at a total of 222,500 coins for the 2018 calendar year. This figure can be broken down into:

• Pictured Rocks National Lakeshore - 30,000
• Apostle Islands National Lakeshore - 30,000
• Voyageurs National Park - 30,000
• Cumberland Island National Seashore - 52,500
• Block Island National Wildlife Refuge - 80,000 

This Block Island coin is now shipping at JM Bullion and other major retailers. The 80,000 mintage is the largest of the year for the ATB series. This will be the last release of calendar year 2018 for the series, and 45th overall.