U.S. Mint sold 17,500 one ounce American Gold Eagle Coins in August.
The U.S. Mint sold 17,500 one ounce American Gold Eagle coins (AGEs) in August 2018, up 169.2% from the 6,500 sold in August 2017.
After rising in consecutive months of April- July, sales of American Gold Eagle fell in August from the 31,500 sold in July. The U.S. Mint sold 21,500 one ounce AGEs in June 2018. This reflected a 438% increase in sales of AGE’s from June 2017 when 4,000 were sold. Sales of American Gold Eagle coins in May 2018 were up 68.2% from 11,000 sold in May 2017. April 2018 gold eagle sales were up 14.3% from April 2017 sales.
Sales of one ounce American Gold Eagle coins through the first eight months of 2018 through August were 136,500, down 24.6% from the 181,000 sold in the first eight months of 2017. Nearly half of 2017’s American Gold Eagle sales through August were sold in January when 86,500 were sold.
Monthly Sales of American Gold Eagle Coins in 2018
Sales of one ounce American Gold Eagle in January 2018 were a solid 36,000, 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. May sales spiked to 18,500. In June and July, gold eagle sales rose to 21,500 and 31,500, respectively.
Sales of American Gold Eagles fell in August from a mid-year high of 31,500 in July. The price of gold fell during the month. Silver prices, however, fell further than gold during the month. This led to a near doubling of sales of American Silver Eagles in August to 1,530,000 from 885,000 in July.
Through the first four days of September, as silver prices drifted closer to $14 an ounce, sales of American Silver Eagles soared to 1,037,500!
Investors buy gold and silver for insurance and speculative gains. The best time to buy gold and silver is before a major event happens or inflation takes off.
August 2018 sales of American Gold Eagles increased to 17,500 from 6,500 in 2017.
Annual Sales of one ounce American Gold Eagle sales 1986 – 2018 (through August).
American Gold Eagle sales peaked in 1998 at 1,518,000.
Gold Prices Have Risen Over Ten Years
Until recently, gold prices had traded in a tight range during 2018. Generally gold sales increase when there is price volatility and decline when prices are stable. Gold prices most of 2018 were stable and sales low.
As gold and silver prices have dipped the past three months, gold and silver eagle sales have increased.
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.