U.S. Mint Gold & Silver Coin Sales Reach 81k oz, 2.8m oz On First Day

By Paul Ploumis (ScrapMonster Author)

January 12, 2016 02:41:22 AM

(Kitco News) - The U.S. Mint started selling 2016-dated gold and silver coins Monday, and based on first-day sales, investors seem to be interested.

According to the organization’s latest press release, a total of 81,000 ounces of gold coins were sold, while a total of 2,756,500 ounces of its 2016 American Eagle silver bullion coins were sold Monday.

Earlier in the day, the mint sent out a press release stating that its first allocation of Eagle silver coins for the year would total 4 million ounces.

Of the gold coins sold, another press release says, 21,000 ounces of its American Buffalo gold coins were sold and the rest were different denominations of its American Eagle gold coin.

A total of 60,000 ounces of its Eagle gold coins were sold Monday – 41,500 ounces of the one-ounce coin, 12,000 of the half-ounce, 22,000 of the quarter-ounce and 70,000 of the one-tenth ounce coin – the press release says.

Courtesy: Kitco News