U.S. Mint gold bullion coins sales soar in April to highest in 3 years
American Eagle silver bullion coins sales are on the threshold of setting records as year-to-date sales have never been achieved so early in the year.
Posted: Wednesday , 01 May 2013
RENO (MINEWEB) -
U.S. Mint figures show American Eagle gold coin sales hit a three-year high of 209,500 ounces in April, the highest since December 2009 sales of 231,500 coins. These figures include 187,500 one-ounce American Eagle bullion coins.
Year-to-date total gold coin sales now stand at 502,000 ounces as of Tuesday, April 30th. American Eagle one-ounce bullion coins sales now stand at 434,000 ounces as of that date. U.S. Mint spokesman Michael White told Bloomberg that the one-ounce gold bullion coins are the most popular for investors.
Gold prices recorded their biggest one-day loss in dollar terms in 30 years on April 15th.
(See also: Gold notches up biggest ever daily loss)
On April 16th gold prices fell to their lowest level in 16 months, prompting many bargain hunters to invest in gold bullion coins. Sales were so brisk; the U.S. Mint sold out of its smallest gold coin, the one-tenth ounce, forcing the Mint to suspend sales of the coin around April 24th.
By comparison, last April, the Mint reported only 20,000 American Eagle one-ounce gold coins and a total of 26,000 gold coins sold during the month.
Meanwhile American Eagle silver bullion coins sales for the month of April shot up nearly 169% over than last year from 1,520,000 silver ounces in April 2012 to 4,087,00 ounces. “Year-to-date sales of 18,310,000 have never been achieved so soon in a year,” Coin News observed Tuesday. “Last year sales did not top 18.3 million until July 16.”