U.S. Mint Sold 4,000 one ounce American Gold Eagle Coins in April.
The U.S. Mint sold 4,000 one ounce American Gold Eagle coins (AGE’s) in April 2018. This reflects a 60% increase in sales of AGE’s from March 2018 when 2,500 were sold.
Sales of American Gold Eagle coins in April 2018 were up 14.3% from 3,500 sold in April 2017.
Sales of one ounce American Gold Eagle coins through the first four months of 2018 were 47,500, down from the 58,500 sold in the fourth quarter of 2017, and down from 127,000 sold in the first four months of 2017.
Sales of American Gold Eagle Coins
American Gold Eagle sales in January 2018 were a solid 36,000 sold, down, however from 86,500 sold in January 2017 and down from 38,000 sold in December 2017. February, March and April sales of 5,000 and 2,500, 4,000 respectively, were uncharacteristically low compared to recent years’ monthly sales, although April 2018 sales were higher than April 2017 sales..
Given that gold sales from Germany, to Turkey to India, to Russia to China, continue to be strong in 2018, low U.S. Mint gold sales are puzzling. Sales of gold at the Perth Mint also remain strong in 2018.
The following charts show one ounce American Gold Eagle sales by month for the years 1987 – 2018.
Sales of American Gold Eagles were elevated from 2009 – 2016, but fell in 2017 and continue to fall in 2018.
Gold Prices Have Risen Over Ten Years
Gold prices have traded in a tight range during 2018. Generally gold sales increase when there is price volatility and decline when prices are stable.
BGASC.com sells American Gold Eagles at competitive prices. American Gold Eagles are available for sale individually in current dated or random back dated years.
All American Gold Eagle coins are IRA eligible.
About the American Gold Eagle coin: The obverse of an American Gold Eagle coin boasts the same design as the obverse of the “Saint Gaudens” U.S. $20 gold piece, or “double eagle” that was minted from 1907 – 1933. The front of a Saint Gaudens and American Gold Eagle coin features a walking lady liberty depiction designed by famed sculptor Augustus Saint- Gaudens.
American Gold Eagle sales data from USMINT.GOV
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.