Gold News

Strong Start to 2012 for US Sales of Gold Investment Coins

SALES OF Gold Investment coins produced by the United States Mint have begun the year strongly, according to official figures.

The latest data published by the US Mint show that sales for January so far of American Eagle bullion Gold Coins – which are produced specifically for Gold Investment purposes – amount to 37,500 ounces of gold.

Sales of the same type of Gold Investment coins totaled 1 million ounces of gold over the whole of last year – meaning sales for the month so far are equivalent to 3.75% of the 2011 total in terms of ounces of pure gold.

Sales of Silver Investment coins have also started the year strongly, with over 3 million one ounce American Eagle bullion silver coins sold – 8% of the total for the whole of last year.

The gold version of the American Eagle bullion coins are 22 carat – meaning they are 91.67% pure gold. The US Mint also produces another range of Gold Investment coins aimed, the American Buffalo bullion coins, which are 99.99% pure.

So far this year 2000 of the American Buffalo one ounce bullion Gold Coins have been sold.

The figures do not reflect final demand for Gold Investment coins, as the US Mint does not sell bullion coins directly to the public, but to approved dealers known as Authorized Purchasers.

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