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U.S. Mint: 2012 Numismatic Product Sell-Outs Continue

January 23, 2013 - The latest weekly United States Mint numismatic product sales report details a number of products continuing the streak of sell-outs at the Mint. The most recent products to sell out include the 2012 Proof Gold Buffalo, the one ounce 2012 Proof Gold Eagle, and the remaining circulating quality S mint-marked 2012 America the Beautiful Quarter products.

Following roughly ten months of availability, the 2012 Proof Gold Buffalo sold out at the U.S. Mint. The one-ounce, 24 karat gold coin showed cumulative sales of 19,765 ounces, far below sales totals of 28,693 for the previous year’s issue and the a low in sales levels since the 2008 key date. The low issue could contribute to the coin’s popularity and value in the future.

The individual one-ounce 2012 Proof Gold Eagle also sold out after reaching sales of 14,848 ounces. Previously, the 2012-dated one-half ounce, one-quarter ounce, and one-tenth ounce coins have sold out. All individual options for the gold coins are currently unavailable, and sales of the remaining four coin set option have seen a big boost to 1,563 units for the weekly period, bringing cumulative totals to 7,298 sets for the year.

Additionally, a surge in sales for the 40-coin rolls of the 2012-S Denali National Park Quarter rolls has hastened a sell out. The U.S. Mint’s product line of bags and rolls containing circulating quality quarters with the S mintmark began attracting collector attention following other designs selling out sooner than anticipated. The Denali rolls had only been available for less than three months.

The price of silver, which has gained for seven straight sessions, is benefiting the sales at the U.S. Mint. The price of gold has been robust as well, though on Wednesday the House of Representatives passed a bill extending the debt ceiling by four months which drew money away from gold into equities. Silver has been tracking equities higher with its industrial applications. As of late trade on Wednesday, U.S. silver futures for March delivery gained $0.10, or 0.32 percent, to $32.28 per troy ounce.

Analysts polled by Reuters show a majority of those polled expect the price of silver to rise in 2013, over a minority seeing downward price action or a sideways market.

 

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Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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