Just a little more stress on the physical side.

Regards - VHF

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US Mint Sales: Bullion Coins Flash Forward, May Gold Takes Title

Coin News.Net

May 20, 2010

U.S. Mint precious metals coins are flying into buyer’s hands so fast that sales reports are outdated almost as soon as they are published.

Despite downside pressure that has driven gold and silver prices from recent highs, the United States Mint has already sold more gold bullion coins in May than in any other month this year.

Mint buyers have scooped up 165,500 ounces of them through May 19. One-ounce American Gold Eagles have been favored by 2-1 over the one-ounce American Gold Buffalos.

Demand has not been limited to bullion. Collector proof and uncirculated 24-karat First Spouse Gold Coins enjoyed their best gains in five weeks — that, despite mid-week adjustments that set their prices to the highest levels ever.

Mint silver coins — whether bullion, commemoratives or sets — are hot as well. Every numismatic silver product showed improved week-over-week gains.

On the bullion side of the picture, American Silver Eagles jumped forward 2,456,000, easily recording their best ever May with still 12 days to go. That is quite an achievement for a series that dates back to 1986. The eagles have enjoyed a fast ride during the last several days alone, as the following table illustrates:

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The 99.9% fine silver pieces are 13,000 short from hitting 14 million in 2010. Previously, just under 11.6 million had been the best five-month start for the coins. That was set as record in 2009.

The following tables contain the latest United States Mint provided coin sales figures: