October 2010 Gold Eagle Bullion Coin Sales Rise for Second Month

by CoinNews.net on November 3, 2010 · 0 comments

2010 American Gold Eagle bullion

U.S. Mint buyers purchased more ounces of American Gold Eagle bullion coins in October 2010 than the prior September, marking a second straight month of gains.

United States published coin sales figures show 94,000 ounces of the eagles were sold last month, up from the 88,000 in September and the 41,500 from August.

May continues at the top spot for 2010 with 190,000. The monthly totals include the one ounce Gold Eagle as well as the three fractional 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes. Although total ounces were higher in October, slightly fewer fractional 2010 Gold Eagles were sold as compared to September.

2010 Gold Eagle Sales Totals

(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 85,000
85,000
0
0
0
0
0
0
85,000
85,000
February 84,000
84,000
0
0
0
0
0
0
84,000
84,000
March 102,000
102,000
0
0
0
0
0
0
102,000
102,000
April 60,500
60,500
0
0
0
0
0
0
60,500
60,500
May 190,000
190,000
0
0
0
0
0
0
190,000
190,000
June 97,000
97,000
15,500
31,000
11,000
44,000
28,000
280,000
151,500
452,000
July 147,500
147,500
1,000
2,000
500
2,000
3,000
30,000
152,000
181,500
August 39,000
39,000
500
1,000
500
2,000
1,500
15,000
41,500
57,000
September 82,500
82,500
1,000
2,000
1,500
6,000
3,000
30,000
88,000
120,500
October 89,500
89,500
1,500
3,000
500
2,000
2,500
25,000
94,000
119,500
Total 974,000
974,000
19,500
39,000
14,000
56,000
38,000
380,000
1,048,500
1,452,000

 

October 1986 remains the best ever month for the eagles with 692,000 ounces sold, representing just over 1 million coins. The date marked the first time the 22 karat bullion coins were available, which naturally inflated sales. American Gold Eagle bullion coin demand starting ticking substantially higher during the second half of 2008, and last month was the sixth best October since the series debuted. However, the performance lagged the same month sales in 2009 and in 2008. Overall demand is slipping from its latest peak to some degree.

Gold Eagle Bullion Coin Sales: October 1986-2010

Gold Eagle Bullion Coin Sales (October 1986-2010)

Still, 2010 will be one of the best years for the gold pieces. Year-to-date sales already rank as the sixth best, and there is still two months left in the year that will be added into the mix.

Although Gold Eagle sales historically picks up in November and December, it does appear that the final 2010 tally will fall behind the 1.425 million ounces sold in 2009.

Annual Gold Eagle Bullion Coin Sales: 1986-2010

Annual Gold Eagle Bullion Coin Sales (1986-2010)

Companion American Silver Eagles soared last month with levels breaking four straight monthly declines. Their sales are nearing and will soon shatter the all-time annual record set in 2009. For more, read the CoinNews.net article about October Silver Eagle sales.

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