FY2019 United States Mint Bullion Side Annual Report Numbers...

cagcrisp

Here are numbers for the United States Mint BULLION SIDE of business for FY2019…

$ in millions American Gold Eagle Bullion
Units Sold 2019 174,000
Revenue $234.1
COGS $228.3
SG&A $1.3
Net Income $4.5
American Gold Eagle Bullion Net Margin 1.9%

$ in millions American Gold Buffalo Bullion
Units Sold 2019 67,000
Revenue $89.3
COGS $87.9
SG&A $0.3
Net Income $1.1
American Gold Buffalo Bullion Net Margin 1.2%

$ in millions American Silver Eagle Bullion
Units Sold 2019 16,985,000
Revenue $298.1
COGS $282.8
SG&A $10.9
Net Income $4.4
American Silver Eagle Bullion Net Margin 1.5%

$ in millions America the Beautiful Silver Bullion
Units Sold 2019 1,550,000
Revenue $26.6
COGS $25.3
SG&A $1.1
Net Income $0.2
America the Beautiful Silver Bullion Net Margin 0.8%

$ in millions American Platinum Eagle Bullion
Units Sold 2019 40,000
Revenue $34.6
COGS $38.6
SG&A $0.6
Net Income $(4.6)
American Platinum Eagle Bullion Net Margin (13.3%)

$ in millions TOTALS
Units Sold 2019 18,816,000
Revenue $682.7
COGS $662.9
SG&A $14.2
Net Income $5.6
Bullion Net Margin 0.8%

TurtleCat

Hence the big price increases for this year.

dpoole

Thanks for the info!

Hemispherical

Thanks @cagcrisp. At least the PM side was a net gain.

Anything on the palladium?

cagcrisp

@Hemispherical said:
Thanks @cagcrisp. At least the PM side was a net gain.

Anything on the palladium?

I assume the Mint lost money on Numismatic Palladium. The Mint spent $1.5 million on the Palladium lease...

That’s a lot of money to make up and margins indicate it would be hard...

ricko

Wow... Platinum was a big loser.....That is likely a boardroom topic....Should be interesting to see what happens, other than price increases on everything else. Cheers, RickO

cagcrisp

After CY2016 Unit Sales of Gold Bullion and Silver Bullion coins fell off a CLIFF.

Unit Sales of American Gold Eagle Bullion fell 78.8% from FY2016 to FY2019
Unit Sales of Buffalo Gold Bullion fell 66.3% from FY2016 to FY2019
Unit Sales of American Silver Eagle Bullion fell 60.0% from FY2016 to FY2019

Unit Sales of America the Beautiful Silver Bullion fell 7.7% from FY2016 to FY219
Unit Sales of American Platinum Eagle Bullion Increased 100.0% from FY2016 to FY2019

Note: I seldom include America the Beautiful Silver Bullion and American Platinum Bullion in my analysis because the Total dollar amount is not material for accounting analysis. For the period FY2016 to FY2019 the America the Beautiful Silver Bullion lost $600,000, the American Platinum Eagle Bullion lost $9.8 Million and the one year we had an American Palladium Bullion coin it lost $1.3 Million…