American Gold Eagle Sales Slow In March
U.S. Mint Sold 2,500 one ounce American Gold Eagle Coins in March.
Sales of one ounce American Gold Eagle coins in the first quarter of 2018 were 43,500, down from the 58,500 sold in the fourth quarter of 2017, and down from 123,500 sold in the first quarter of 2017.
The U.S. Mint sold 2,500 one ounce American Gold Eagle coins (AGE’s) in March 2018. This reflects a 50% decrease in sales of ASE’s from February 2018 when 2,500 were sold.
Sales of American Silver Eagle coins in March 2018 were down 84.4% from 16,000 sold in March 2018.
Sales of American Gold Eagle Coins
American Gold Eagle sales in January 2018 were a solid 36,000 sold, down, however from 86,50 sold in January 2017 and down from 38,000 sold in December 2017. February and March sales of 5,000 and 2,500, respectively, uncharacteristically low compared to recent years’ monthly 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 American Silver 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 are significantly higher in 2018 than they were in 2008.
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.