Annual 2010 Gold Eagle Bullion Coin Sales Top 1.2 Million Ounces

by CoinNews.net on January 9, 2011 · 0 comments

United States Mint 2010 Gold Eagle Bullion Coins stumbled in December. However, previous monthly levels helped lift their annual sales to a sixth all-time high during a year when gold prices rallied nearly 30 percent for their 10th annual gain. Buyers in 2010 scooped up 1,220,500 ounces of the 22 karat American Eagle Gold bullion coins which were introduced in 1986. The level marks a 14 percent decline from the previous year.

2010 Gold Eagle Bullion

December, historically one of the strongest months of the year for US Mint bullion coin sales, turned out to be dismal for the 2010 Gold Eagle. Authorized buyers ordered 60,000 ounces during the month, making it the second lowest sales month of the year and marking a 74 percent drop from the same period a year ago. Sales tumbled 46 percent from November 2010.

December’s decline broke a string of three consecutive monthly increases that began following the weakest performance in 2010 when buyers ordered just 41,500 ounces of Gold Eagles in August.

The following table provides a breakout by month and gold coin size — both in total ounces and in the number of coins sold.

2010 Gold Eagle Bullion Coin Sales

(in ounces / number of coins)
Month One
( oz. / # )
Half
( oz. / # )
Quarter
( oz. / # )
Tenth
( oz. / # )
Total
( oz. / # )
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
November 107,500
107,500
3,000
6,000
1,000
4,000
500
5,000
112,000
122,500
December 58,500
58,500
500
1,000
500
2,000
500
5,000
60,000
66,500
Total Sales 1,143,500
1,143,500
23,000
46,000
15,500
62,000
39,000
390,000
1,220,500
1,641,000

 

Demand in December for the one-ounce and fractional one-half and one-quarter ounce Gold Eagle sizes retreated from November while the fractional one-tenth ounce size remained the same at 5,000 coins. As for total coin sales, figures had not reached as low in a December since 2007.

December Gold Eagle Bullion Coin Sales: 1986-2010

December-Gold-Eagle-Bullion-Coin-Sales-1986-2010

While annual Gold Eagle Bullion Coin sales ranked sixth all-time last year, it was also only the sixth time annual sales topped the 1 million milestone. The years above 1 million include: 1986 (1,787,750); 1987 (1,253,000); 1998 (1,839,500); 1999 (2,055,500); 2009 (1,425,000); and 2010 (1,220,500).

Annual Gold Eagle Bullion Coin Sales: 1986-2010

Annual-Gold-Eagle-Bullion-Coin-Sales-1986-2010

Final mintages for each 2010-dated Gold Eagle is not yet known. The mintages will be different than the annual sales figures as the US Mint sold 51,000 of the one-ounce 2009-dated coins in 2010 and continued to sell the remaining inventory of 2010-dated coins in early 2011. The bullion 2011 Gold Eagles were released January 3, 2011.

American Gold Eagle bullion coins are different than the numismatic counterparts coin collectors most prefer. All Gold Eagles are composed of .9167 fine gold and feature the same designs on the obverse and reverse. However, unlike the collector versions, the investment-grade bullion coins are not sold directly by the US Mint to the public, they do not feature the collector proof or uncirculated finishes, and they do not bear the West Point "W" mintmark (although they are all produced there).


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