U.S. Mint Boxed in by Legislation
In the year 2018, the U.S. Mint sold 245,500 ounces of gold among the four sizes of the bullion-issue gold American Eagles. In 2019, sales of these four coins fell to 152,000 ounces. With the surge in gold prices last year, sales rose to 844,000 ounces. Through Tuesday this week, the Mint’s year-to-date sales of these gold American Eagles were 387,500 ounces.
The news was similar for the bullion-priced silver Eagle dollars. Mint sales in 2018 totaled 15,700,000, another 14,863,500 in 2019, jumped to 30,089,500 in 2020 and was at 10,288.500 in 2021 year-to-date as of Tuesday this week (March 16, 2021).
The U.S. Mint thus far in 2021 has been unable to produce
