2005 AGE Mintage Release

Has everyone checked out the new mintage figures yet? The 1, 1/4 and the 1/10 oz is the lowest mintage AGE since 1986 the 1/2 oz is 2nd lowest to the 1991.
WOZER BOWZER!! What a bone to chew!! Thanks for the info Bacchus...

 

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Thanks

 

I have to pass the thanks on to bzcollektor; he’s the one who showed me the location of the mintage figures.

And those figures can be a little tricky. I notice that the 2004 gold figures show that 76,000 ¼ oz AGEs were made for the whole year, but 20,000 of that total came in the month of December alone. Still, a very useful tool.

 

How long ago did these come out?

 

Do you mean how long ago did the data come out from the Mint ?

 

No sir, how long ago did the coins go on sale.

 

I think these figures are for business strikes, and the Mint only sells the gold as proofs to the individual consumer. The business strikes the Mint distributes to a very select group of dealers/brokerages for further distribution to the masses.

I don’t remember when the proofs went on sale, and I never knew when they distributed the business strikes.

RickieB might know.

 

Ohhhh, tricky here. I was looking at the Proof coins.

 

Actually, I don’t see where it says what these are for. The figures might be for both UNC and proofs.

When I get home tonight I’ll check my Red Book to see how the mintage numbers compare for a few of the previous years. I think (hope, actually) the Red Book shows both UNC and proof, and if so it will be obvious whether the Mint site numbers are for UNC, proof, or both. If not the Red Book, maybe Coin Values.

 

"Actually, I don’t see where it says what these are for. The figures might be for both UNC and proofs."

I believe these mintages pertain to uncirculated only, as the figures are referred
to as bullion sales. I believe the proofs come under a different program.

Also, as far as December mintages are concerned, I do know that they mint the following years Eagles in December (ie year 2005 Eagles are first minted in
December 2004) I have never heard it clarified as to whether the mintages for December in any year actually mean they were minted dated that year.

 

Hey guys.. the mint figures for the AGE is the Uncirc version of the coin only. The proofs are allocated as individuals via the Mint and the published mintages for proof can be found on the Mint website by selecting Gold Eagles and then click on each denomination for the approved maxium mintages..
Happy Hunting..

 

Hello GDJ

On the mints site it does list in this specific manner # of Ounces/ #of coins

Comparing this to previous years and the final mintage numbers it does not look close to actual numbers...if you have additional information that might shed some more light on this please by all means provide us with the info.You have a valid point as the actual mintages figures do differ from the # oz / # coins! Suppose we got excited on a premature post by me.

Thanks

 

Revised post..GDJ thanks for the info..for those whom have read the original post by me please be notified of the edit to follow.

Whoops!! Got caught jumping the gun on what seemed to be some outstanding news.

RickieB

 

I'm confused anyway => <= see, confused !

Are you saying that these numbers are only the quantities actually sold to distributors, and that the actual quantities minted (struck) are greater, even significantly greater ? That the Mint has accumulated an inventory of unsold coins to be sold later or perhaps melted down for 2006 ?

From a standpoint of rarity, I would think our concern is the actual number that get into "circulation"; that is, in possession of owners outside the Mint, which would seem to be the amount sold. Of course, if the Mint has a large pile tucked away somewhere, similar to the way they hoarded Morgans, that they release for sale later then that, too, is significant.

 

That was a good explanation. The part that didn't occur to me was that the sales figures might reflect sales of coins that were minted in earlier years. That is, 6000 coins sold in July 2003 might consist of 4000 2003s, 1500 2002s, and 500 2001s. That's what I get for not reading everything on the Mint's page, I guess.

Which means the monthly sales figures are of very dubious value to any of us trying to guess what the final mintage will be for the year. We'll have to wait for the mintage figures like the page you sited.

In the case of UNC bullion, that's really no big deal. The coins are still available six months into the following year when the mintage numbers are finalized.

We originally got into this on another thread where I was complaining that by the time we knew what sales were of something like Mint Proof Sets, it was too late to buy them from the Mint. Maybe that's not true; it appears there's a lot more data tucked away on the Mint's site than I realized.