February 2011 Gold Eagle Bullion Coin Sales Fourth Best

by Mike Unser on March 1, 2011 · 0 comments

The United States Mint sold fewer American Gold Eagle bullion coins in February 2011 than the previous month, but more were carried out its doors than during the same period from a year ago. Gold Eagle coin sales last month rank as the fourth best February since their introduction in October 1986.

American Gold Eagle bullion coin

US Mint Authorized Purchasers scooped up 92,500 ounces of the 22-karat gold bullion coins in February 2011. That is down 30.7 percent from the 133,500 ounces sold in January 2011.

However, the level is a 10.1 percent increase over February 2010. The following table shows leading sales by year during the month.

Top Six February Gold Eagle Sales

February Rank Year Sales Total
1 1987 205,000
2 1999 144,000
3 2009 113,500
4 2011 92,500
5 1989 86,500
6 2010 84,000

 

The following sales chart illustrates how the coins have performed during the month since their debut.

American Gold Eagle Bullion Coin Sales in February (1986-2011)

American Gold Eagle Bullion Coin Sales (February 1986 - February 2011)

American Gold Eagles are available in four sizes. In individual ounces for the month, the US Mint registered sales of 72,500 of the one ounce, 6,000 of the half ounce, 4,000 of the quarter ounce and 10,000 of the tenth ounce sizes. The three smaller sized coins posted their best monthly sales figures since the launch of the 2010-dated fractionals in June. The following chart shows how each bullion coin has performed over the past 14 months. The topmost number in each cell is in ounces while the second represents the total number of coins sold.

Gold Eagle Bullion Coin Sales

(in ounces / number of coins)
Month One
( oz. / # )
Half
( oz. / # )
Quarter
( oz. / # )
Tenth
( oz. / # )
Total
( oz. / # )
January 2010 85,000
85,000
0
0
0
0
0
0
85,000
85,000
February 2010 84,000
84,000
0
0
0
0
0
0
84,000
84,000
March 2010 102,000
102,000
0
0
0
0
0
0
102,000
102,000
April 2010 60,500
60,500
0
0
0
0
0
0
60,500
60,500
May 2010 190,000
190,000
0
0
0
0
0
0
190,000
190,000
June 2010 97,000
97,000
15,500
31,000
11,000
44,000
28,000
280,000
151,500
452,000
July 2010 147,500
147,500
1,000
2,000
500
2,000
3,000
30,000
152,000
181,500
August 2010 39,000
39,000
500
1,000
500
2,000
1,500
15,000
41,500
57,000
September 2010 82,500
82,500
1,000
2,000
1,500
6,000
3,000
30,000
88,000
120,500
October 2010 89,500
89,500
1,500
3,000
500
2,000
2,500
25,000
94,000
119,500
November 2010 107,500
107,500
3,000
6,000
1,000
4,000
500
5,000
112,000
122,500
December 2010 58,500
58,500
500
1,000
500
2,000
500
5,000
60,000
66,500
January 2011 130,500
130,500
500
1,000
500
2,000
2,000
20,000
133,500
153,500
February 2011 72,500
72,500
6,000
12,000
4,000
16,000
10,000
100,000
92,500
200,500

 

The 2011-dated Gold Eagles were released on January 3.

The US Mint is yet to offer the 2011 American Gold Buffalo bullion coin. The 24-karat coins were not issued last year until April.

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" mint mark (although they are all produced there).

The US Mint 2011 product schedule shows the numismatic proof and uncirculated 2011 American Gold Eagles will be available on April 21 and May 5, respectively. The proof American Gold Buffalo coin is scheduled for release on May 19.


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