U.S. Mint sold 14,500 one ounce American Gold Eagle Coins in September.
The U.S. Mint sold 14,500 one ounce American Gold Eagle coins (AGEs) in September 2018, up 81.3% from the 8,000 sold in September 2017.
Sales at the U.S. Mint shifted away from American Gold Eagles towards American Silver Eagles (ASEs) in September. The U.S. Mint sold 2,897,500 ASE’s in September, the highest September total since September 2015.
Sales of one ounce American Gold Eagle coins through the first nine months of 2018 through August were 151,000, down 11.2% from the 170,000 sold in the first nine months of 2017. Nearly 73% of 2017’s American Gold Eagle total sales occurred in January and December 2017 when 86,500 and 38,000 American Gold Eagles were sold, respectively.
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 to 17,500 from a mid-year high of 31,500 in July. American Gold Eagle sales fell further in September to 14,500. The price of gold fell during the month the month of September.
During September, as silver prices drifted closer to $14 an ounce then rebounded to $14.68, sales of American Silver Eagles soared to nearly three million!
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.
September 2018 sales of American Gold Eagles increased to 14,500 from 8,000 in September 2017.
Annual Sales of one ounce American Gold Eagle sales 1986 – 2018 .
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.