US Mint bullion coins sales are up strongly in 2020

NewsMaxFinance/Mike Fuljenz/6-2-2020

photo of gold and silver American Eagles“For the first five months of 2020, sales of American Eagle gold coins total 335,000 Troy ounces, up 222% from the 104,000 ounces sold last year. This May, the Mint sold 11,500 ounces, down from April, but 187% above the 4,000 ounces sold in May 2019. Sales of American Eagle silver coins reached 490,000 ounces in May 2020. Although down from April and from last May, this brings the total American Silver Eagle sales for the year to 11,218,500 one-ounce coins, which is 25% more than the 8,987,000 coins sold through the same five months in 2019.”

USAGOLD note:  When reviewing these numbers, we should keep in mind that the 2019 mintages reflected record low demand at the U.S. Mint – so the impressive percentages are off a very low base. That said, demand for gold and silver bullion coins has been very strong thus far this year at USAGOLD.  While many have had trouble fielding and filling orders, it has been business as usual for us (and our clientele).

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