US Mint gold sales jump in May

“American Eagle gold coins advanced 147,000 ounces in May, registering gains of 67.1% from 88,000 ounces in April and 617.1% from 20,500 ounces in May 2021. American Gold Eagle sales for the year to date at 661,500 ounces are 40.5% higher than the 471,000 ounces sold in the same period last year. … American Gold Buffalo sales for the year at 234,000 ounces are 41% higher than the 166,000 ounces sold in the same period last year last year.”

USAGOLD note: As reported in the June edition of News & Views, US Mint gold bullion coin sales are on a pace for their best year since 1999 when gold was trading in the $275 range. While the price has languished, investor acquisitions have soared.

bar chart showing sales 1986 to present and projected of American Eagle and Buffalo gold bullion coins
Chart courtesy of the World Gold Council • • • Click to enlarge

Chart note: The green bars in the chart represent actual sales. The grey extension represents projected sales annualized for 2022.

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