Gold Eagle Sales Explode in November, Up Nearly 4 Fold YOY

By The DocSRSrocco

In the midst of a 2 month price consolidation for both gold and silver, US Mint gold and silver eagle sales exploded in November, coming in a 3,159,500 oz of ASE’s, the 3rd highest monthly total for 2012, and 136,500 oz of AGE’s, by far the highest monthly gold sales for the US Mint for 2012.

While silver eagle sales were strong, the story is in gold eagle sales, which roared back to life in the wake of Obama’s re-election The silver/gold sales ratio narrowed to 23/1, after reaching such extremes as 74/1 as recently as August.
The 136,500 oz gold eagle sales total was nearly triple the October sales total of 59,000, and was up an astonishing nearly 4 fold year over year from Nov 2011, which saw 41,000 oz sold.   November silver eagle sales were nearly as strong, up 2.5 fold year over year from 1,384,000 sold in November 2011.

 


While annual sales totals for gold and silver eagles will fall well short of 2011 records, the recent massive increase in demand indicates that the next up-leg in the secular gold and silver bull markets will likely be extraordinary and unprecidented.

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2012 US Mint Gold Eagle sales courtesy SRSrocco:

2012 Gold Sales Totals
(in ounces / number of coins)

Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 84,500
84,500
24,500
49,000
9,500
38,000
8,500
85,000
127,000
256,500
February 20,000
20,000
0
0
500
2,000
500
5,000
21,000
27,000
March 57,500
57,500
1,000
2,000
0
0
4,000
40,000
62,500
99,500
April 19,000
19,000
0
0
500
2,000
500
5,000
20,000
26,000
May 49,000
49,000
1,500
3,000
1,000
4,000
1,500
15,000
53,000
71,000
June 55,000
55,000
1,000
2,000
1,500
6,000
2,500
25,000
60,000
88,000
July 28,500
28,500
0
0
500
2,000
1,500
15,000
30,500
45,500
August 34,000
34,000
1,500
3,000
1,000
4,000
2,500
25,000
39,000
66,000
September 63,000
63,000
1,000
2,000
1,000
4,000
3,500
35,000
68,500
104,000
October 54,000
54,000
1,000
2,000
1,000
4,000
3,000
30,000
59,000
90,000
November 129,500
129,500
2,500
5,000
1,000
4,000
3,500
35,000
136,500 oz
173,500
December 0
0
0
0
0
0
0
0
0
0
Total 594,000
594,000
34,000
68,000
17,500
70,000
31,500
315,000
677,000 oz
1,047,000

 

2011 Gold Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 130,500
130,500
500
1,000
500
2,000
2,000
20,000
133,500
153,500
February 72,500
72,500
6,000
12,000
4,000
16,000
10,000
100,000
92,500
200,500
March 60,500
60,500
4,000
8,000
5,000
20,000
4,000
40,000
73,500
128,500
April 94,500
94,500
6,000
12,000
3,500
14,000
4,000
40,000
108,000
160,500
May 93,500
93,500
11,000
22,000
1,000
4,000
1,500
15,000
107,000
134,500
June 56,000
56,000
0
0
2,000
8,000
3,500
35,000
61,500
99,000
July 61,500
61,500
1,500
3,000
0
0
1,500
15,000
64,500
79,500
August 103,500
103,500
1,500
3,000
1,500
6,000
5,500
55,000
112,000
167,500
September 87,500
87,500
500
1,000
500
2,000
2,500
25,000
91,000
115,500
October 46,000
46,000
1,500
3,000
1,500
6,000
1,000
10,000
50,000
65,000
November 38,500
38,500
0
0
1,000
4,000
1,500
15,000
41,000 oz
57,500
December 65,500
65,500
0
0
0
0
0
0
65,500
65,500
Total 910,000
910,000
32,500
65,000
20,500
82,000
37,000
370,000
1,000,000 oz
1,427,000

 

 

2012 Silver Sales Totals
(in ounces / number of coins)

Month One
( oz. / #coins )
January 6,107,000
6,107,000
February 1,490,000
1,490,000
March 2,542,000
2,542,000
April 1,520,000
1,520,000
May 2,875,000
2,875,000
June 2,858,000
2,858,000
July 2,278,000
2,278,000
August 2,870,000
2,870,000
September 3,255,000
3,255,000
October 3,153,000
3,153,000
November 3,159,500
3,159,500
December 0
0
Total 32,107,500
32,107,500

 

 

2011 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000
February 3,240,000
3,240,000
March 2,767,000
2,767,000
April 2,819,000
2,819,000
May 3,653,500
3,653,500
June 3,402,000
3,402,000
July 2,968,000
2,968,000
August 3,679,500
3,679,500
September 4,460,500
4,460,500
October 3,064,000
3,064,000
November 1,384,000
1,384,000
December 2,009,000
2,009,000
Total 39,868,500
39,868,500