According to the U.S. Mint, fifty four thousand ounces of the new America the Beautiful 5 oz silver coins were sold last month. The mint reported that they had sold the highest amount of silver coins in the past 25 years. It was then reported that American Eagle gold bullion coin sales totalled 104,500 ounces by the time August had come and gone. This was significantly higher than the close to forty thousand ounces that were sold in the same month last year.
There does seem to be some conflicting information regarding this as it was reported on the U.S. Mint website that, in fact just over one hundred and ten thousand ounces of American Eagle gold bullion coins were sold by the end of last month. The mint media released figures regarding sales of American Eagle silver bullion coins, and it was reported that 2,264,500 ounces were sold in August. Last August, sales equated to 2,451,000 ounces. Therefore, sales were down on the previous year this time. Again, these figures were contradicted by the official mint website as the website disclosed that 3,679,000 ounces of these coins were really sold in August 2011.
By August the 29th 2011, close to twenty seven thousand one-ounce gold American Buffalo bullion coins were released into the market as per the mint media. The U.S. Mint reported that this figure was actually twenty eight thousand one-ounce coins were sold in August 2011. Mint news reported that fifty four thousand ounces of the America the Beautiful five-ounce silver bullion coins were sold in August 2011. The new report went onto say that the combined sales of these two coins totaled one hundred and thirty one thousand ounces. The U.S. Mint reported that this combined figure was actually one hundred and forty thousand ounces.
The U.S. Mint has suspended the online sales of gold collectors’ coins in an unprecedented move. This was done so that the coins could be priced again since gold was approaching $1800 per ounce. This suspension did not affect sales in any way. The suspension took place on August the 9th and sales were resumed again on August the 11th.
In America, most people use the quarter coin for daily change. In 2010, the Mint duplicated the new 25 cent pieces in a big way, and the Mint named these coins America the Beautiful Silver Bullion Coins.
The American Mint is going to produce 56 silver coins and 56 quarters during 2010 and 2021 and the reverse sides will have corresponding designs that honor sites and national parks in every state. This will include the Northern Mariana Islands, the U.S. Virgin Islands, American Samoa, Guam and Puerto Rico. 2010 was the initial year for the 12 year quarter dollar series The National Parks Quarter Dollar Coin Act of 2008 made it possible that these coins were authorized and that is why the mint was instructed to strike companion .999 fine silver coins. The coins have a three-inch diameter and weigh five troy ounces.