Sales of American Gold Eagle and American Gold Buffalo Coins Top 366,000 Ounces in 2018.
Gold sales at the U.S. Mint were 366,000 ounces in 2018. This was the least gold sold at the U.S. Mint since 2007 when 366,000 ounces were also sold. Gold sales in 2018 at the U.S. Mint were down 9% from 2017 when 402,000 ounces were sold.
The U.S. Mint sells gold in the form of 22K American Gold Eagle (AGE) coins in one tenth, one quarter, one half and one ounces sizes and 24k one ounce American Gold Buffalo coins.
American Gold Eagle Sales
In 2018, the U.S. Mint sold 230,000 one tenth ounce AGEs, 62,000 one quarter ounce AGEs, and 32,000 one half ounce AGEs. Together with the 190,000 one ounce American Gold Eagles sold in 2018, the U.S. Mint sold a total of 514,000 American Gold Eagle coins in various denominations representing 366,000,000 ounces of gold.
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 Buffalo Sales
The U.S Mint also sells gold in the form of 24K one ounce American Gold Buffalo coins. Sales of American Gold Buffalo coins in 2018 of 121,500 up from 99,000 sold in 2017.
About the American Gold Buffalo Coin
American Gold Buffalo coins are 24K gold while American Gold Eagle coins are 22K. One ounce American Gold Buffalo coins are slightly smaller and lighter than their one ounce American Gold Eagle counterparts that contain 3% silver and 5% copper mixed in the alloy, bringing the total weight of a one ounce American Gold Eagle coin to nearly 1.10 ounces.
The American Gold Buffalo is the U.S. Mint’s answer to 24K gold coins issued by the Canadian and Austrian Mints. American Gold Buffalo coins are only minted in one ounce sizes, unlike their American Gold Eagle counterparts which are minted in one ounce, one half ounce, one quarter ounce and one tenth ounce sizes. In 2008, however, the U.S. Mint produced American Gold Buffaloes in one, 1/2, 1/4 and 1/10 ounce sizes. The coins were sold individually and in complete sets.
In 2006, their first year of mintage, 323,000 American Gold Buffalo coins were sold.
American Gold Eagle Sales 2017 vs 2018
American Gold Eagle sales picked up sharply in the second half of 2018.
December Sales of American Gold Eagles 1986 – 2018
American Gold Eagle Sales 1986 -2018
Total Sales of American Gold Eagle and American Gold Buffalo Coins 1986 – 2018
Gold Price in 2018
American Gold Eagle and American Gold Buffalo 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.