Gold ended up 3.5% lower in 2021
Most precious metals gained on the last day of trading of 2021. They were split in the week, they rose in November, they saw decent to impressive gains in the fourth quarter, but saw sharp annual declines
gold February delivery on Friday rose $ 14.50, or 0.8% $ 1,828.60 per ounce at the Comex division of the New York Mercantile Exchange. The comparison was the highest since November 19, when gold ended at $ 1,851.60 an ounce.
The price of gold rose 0.9% for the week, 2.9% for the month and 4.1% for the quarter. However, the yellow metal returned 3.5% this year.
Elsewhere, Silver- for March delivery pinned at 29.2 cents, or 1.3%, to close at $ 23,352 an ounce. The comparison was the highest since November 24, when silver ended at $ 23.496 an ounce. Silver rose 1.8% this week, 2.4% in November and 5.9% in the fourth quarter. However, they fell 11.6% in 2021.
April platinum $ 1.60 or 0.2% added to end at $ 966.20 per ouncewhich reduced the weekly loss to 0.9%. Platinum grew 4.2% for the month and 0.4% for the quarter, but declined 10.5% year over year.
palladium for March, delivery decreased $ 71.10, or 3.6%, and ended at $ 1,912.10 per ouncewhich is pulling prices down 2.3% this week. Prices rose 12.1% in November and 0.7% in the fourth quarter, but they fell 22.1% in 2021.
US Mint Bullion on sale in 2021
The demand for United States Mint investment products went from strong for silver coins to exceptional for gold coins this year. Here is a summary of the US Mint 2021 Bar Sales by Product:
American Eagle silver coins gained 28,275,000 ounces that year, a 6% decrease from 30,089,500 ounces in 2020. The past two years have been solid for the 1 ounce silver coin. For example, Silver Eagles sales in 2019 were 14,863,500 ounces, the lowest year in sales since 2007.
American Eagle gold coin sales that year totaled 1,252,500 ounces – the highest since 2009 and a 48.4% increase from the 844,000 ounces sold last year. As another new comparison, they ended up at just 152,000 ounces in 2019, the lowest annual total since the series was introduced in 1986. The US Mint mints American Gold Eagles in four formats – 1 ounce. Coin; 1/2 ounce. Coin; 1/4 ounce. Coin; and 1/10 oz. Coin.
American Buffalo gold coins posted sales of 350,500 ounces in 2021 for their best year since the series was launched in 2006. Last year was also strong for 24-carat gold at 242,000 ounces – their third best year in 2006, now 323,000 ounces ranked second. In contrast, 2019 hit 61,500 ounces, its worst year in terms of sales on record.
Last year, the Mint limited sales of the five different America the Beautiful 5 ounce silver bullion coins dated 2020 to 45,000 each, for a total of 225,000 sales. That year, with the America the Beautiful series ending, only a five-ounce design was released and sold 52,900.
The last allotment of 2021 American Platinum Eagles sold in May, with the total for the year ending at 75,000 coins. Last year’s issue reached 56,500 coins, with sales ending in April.
In November, the Mint began selling American Palladium Eagles, dated 2021. All 8,700 sold. No precious metal edition was issued last year.
Below is a sales breakdown of US Mint’s gold coin products, with columns listing the number of coins sold during different time periods. Products with an asterisk
|are no longer available.|
|US Mint Bullion Sales (Number of Coins)||Friday / This week||Last week||October||November||December|
|2021 sale||$ 50 American Eagle 1 Oz Gold Coin||0||0||135,500||125,500||41,000|
|1,115,500||$ 25 American Eagle 1/2 Oz Gold Coin||0||0||7,000||6,000||1,000|
|95,000||$ 10 American Eagle 1/4 Oz Gold Coin||0||0||22,000||10,000||2,000|
|162,000||$ 5 American Eagle 1/10 Oz Gold Coin||0||0||85,000||40,000||0|
|490,000||$ 50 American Buffalo 1 Oz Gold Coin||0||0||41,000||39,500||10,500|
|350,500||1 US dollar American Eagle 1 ounce silver coin *||0||0||1,076,000||1,523,500||0|
|28,275,000||$ 100 American Eagle 1 ounce platinum coin *||0||0||0||0||0|
|75,000||$ 25 American Eagle 1 Oz Palladium Coin *||0||0||0||8,700||0|
|8,700||Tuskegee Airmen 5 oz silver coin *||0||0||0||0||0|
Article Source : https://www.coinnews.net/2021/12/31/gold-and-silver-prices-drop-in-2021-u-s-mint-gold-bullion-sales-soar/