U.S. Mint posts strongest American Eagle bullion gold coin sales in two years

Gold and silver bullion coin sales rebounded in January with the strongest monthly sales in two years.  The U.S. Mint sold 65,500 troy ounces of the gold American Eagle and 4,017,500 troy ounces of the silver American Eagle in January 2019 – 12% and 24% increases respectively over the same month last year. In January 2018, investors purchased 58,500 troy ounces in gold bullion coins and 3,235,000 in silver bullion coins.

Last month, the mint sold a low 3000 troy ounces in gold Eagles and 490,000 in silver Eagles. Sales typically slow down in December as the Mint and market wholesalers gear up for the new year. The solid gains over January of last year indicate growing interest among investors as we head into the new year. January is typically a strong month for sales in both the gold and silver categories as collectors and investors step-up purchases of coins bearing the new year’s date.

Repost from 2/5/2019

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