Mint’s mixed bag: Silver Eagle sales up sharply over last year, Gold Eagle sales down
(USAGOLD – August 4, 2019) – The U.S. Mint reports a mixed bag for bullion coins sales thus far this year. Sales of American Eagle silver bullion coins are running well ahead of last year’s pace – up 40.1% over the same period last year. The Mint sold a robust 1,240,000 one-ounce coins in July as opposed to 885,000 sold same month last year. Gold Eagle sales, on other hand, were unchanged from last month and down 26.5% on the year thus far – 114,000 ounces in 2019 as compared to 155,000 ounces in 2018.
Some analysts attribute the slow Mint gold sales to retail demand being matched largely by investor resales, though actual numbers in that respect are difficult to quantify. Many analysts consider bullion coin sales a bellwether for investor interest in the precious metals. Though the Mint’s numbers present mixed results, perhaps the picture will become more focused as we move out of the summer doldrums and into the typically more active Fall investment season.
Re-post from 8-5-2019