Gold News

US Gold Coins Sales Up in May

US MINT Gold Coins sales more than doubled in May from the previous month, although sales were down compared to a year earlier.

The US Mint sold 53,000 ounces of gold American Eagle Bullion Coins – a coin it produces specifically for Gold Investment purposes – compared to 20,000 ounces in April. May Gold Coins sales were however down more than half on the same month last year, and were the lowest May sales since 2008.

Sales of Silver Bullion Coins also climbed last month, jumping 89% from April. As with sales of Gold Coins though, the US Mint sold fewer American Eagle Silver Bullion coins last month compared to May 2011, with sales down 21% on a year earlier. Last month saw the lowest May figure for Silver Coins sales since 2009.

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