Daily Archives: September 2, 2009
Gold Hits Multi-Month High, Silver Rises 30 Cents, Stocks Struggle and...
US Mint Shifts UHR and First Spouse Gold Coin Prices Higher
Superb 1879 Flowing Hair Stella Anchors Heritage Long Beach Event
Silver Eagles Sales Score Best August Ever, Gold Eagles Fourth
The United States Mint sold 2.13 million Silver Eagles and 82,000 Gold Eagles during the month of August. Pretty impressive. Still, if these numbers seem lower than those from July or June, that's because they are.
From that fact alone, it would be easy to conclude that gold and silver eagle coin demand is on the retreat. But that wouldn't exactly be accurate.
An analysis of the historical record shows that August often tends to be a weaker month for bullion American Eagles. Any decline, should therefore be almost expected and certainly not a surprise.
What every investor or collector of the series should be studying is not just the 2009 monthly trends, but the historical performance of the coins during a given month. That offers a clearer and more complete performance picture.