Gold News

Gold Coins Sales Down 81%

SALES of American Eagle bullion Gold Coins last month were down 81% year-on-year, US Mint data show.

Last month the Mint sold 20,000 ounces of gold American Eagle bullion coins – which it produces specifically for Gold Investment purposes. In April 2011, by contrast, 108,000 ounces of these Gold Coins were sold.

For 2012 so far, the US Mint has sold 230,500 ounces of American Eagle bullion Gold Coins – a 43% drop compared to the first four months of last year, and the lowest January-April sales since 2008.

Sales of Silver Investment coins also dropped last month when compared to April 2011. The US Mint last month sold 1.5 million ounces of American Eagle Silver Coins, a 46% year-on-year drop. 

Just under 11.7 million of these Silver Investment coins have been sold in the first four months of 2012 – 24% down on the same period last year, but slightly above 2010's figure.

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