2022-2023 Bullion sales US Mint
Goldminers
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Goldminers
Posts: 3,983 ✭✭✭✭✭
Goldminers
Posts: 3,983 ✭✭✭✭✭
Comments
Your numbers are off on 2023 gutter eagles for sure. According to the US Mint website they produced 24,750,000 in 2023. RGDS!
https://www.usmint.gov/about/production-sales-figures/bullion-sales
The whole worlds off its rocker, buy Gold™.
Oh well. I just copied the table from a news article. Fake news, but they were impressed by the 30% increase to 20.663 million ounces. I guess 24.75 million is a really big increase. No wonder they are not worth much. LOL
My US Mint Commemorative Medal Set
I think 2022 was the "manufactured" shortage. It's not that gutter metal suddenly became rare, nobody wanted to sell the mint polished blanks at spot if I remember correctly. This caused premiums to rise. That obviously changed in 2023 and as premiums continue to decrease we can assume that suppliers are even more willing to do so now. For the Au, premiums have started to decrease but with The Metal of Kings sitting near all time highs the retail investor is not buying as much as in the past (at least AGEs). Personally I bought more gold in 2023 than any year since 2018. I didn't buy a single US coin in 2023, it was all European 20FCs, 10 and 20 Mexican Pesos, and some Krugerrands.
The whole worlds off its rocker, buy Gold™.
16 mil in 2022
the difference?
the ASE numbers in the table are taken from the 2023 Mint Annual Report
The Mint's fiscal year 2023 ends Sep 2023