American Gold Eagle Bullion Coin Sales in August 2011 Best Since January

by CoinNews.net on September 7, 2011 · 0 comments

2011 American Gold Eagle Bullion Coin

Demand surged for American Gold Eagle Bullion Coins in August 2011. The Eagles’ sales pace was the quickest since January, superior to the same period last year and more than doubled the level from July.

United States Mint authorized purchasers ordered 112,000 ounces of bullion Gold Eagles last month, making it the third best August ever for the series which debuted in 1986.

Available from the Mint in four sizes and in terms of the number of gold coins sold, the 22-karat bullion coins were split with sales of 103,500 for the one ounce ($50 denomination), 3,000 for the half ounce ($25 denomination), 6,000 for the quarter ounce ($10 denomination) and 55,000 for the tenth ounce ($5 denomination).

The following table shows how each American Gold Eagle bullion coin performed over the past year. The topmost number in each cell is in ounces while the second number represents the total amount of coins sold.

August 2010 – August 2011 Gold Eagle Bullion Coin Sales

(in ounces / number of coins)
Month One
( oz. / # )
Half
( oz. / # )
Quarter
( oz. / # )
Tenth
( oz. / # )
Total
( oz. / # )
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
March 2011 60,500
60,500
4,000
8,000
5,000
20,000
4,000
40,000
73,500
128,500
April 2011 94,500
94,500
6,000
12,000
3,500
14,000
4,000
40,000
108,000
160,500
May 2011 93,500
93,500
11,000
22,000
1,000
4,000
1,500
15,000
107,000
134,500
June 2011 56,500
56,500
0
0
2,000
8,000
3,500
35,000
61,500
99,000
July 2011 61,500
61,500
1,500
3,000
0
0
1,500
15,000
64,500
79,500
August 2011 103,500
103,500
1,500
3,000
1,500
6,000
5,500
55,000
112,000
167,500

 

Year-to-date Gold Eagle sales now stand at 752,500 ounces. The eight-month total is down 13.2 percent from the same stretch of time a year ago.

In total ounces sold and as mentioned, last month ranked third best as compared to the previous twenty-four August’s. The following table illustrates:

Top 5 August Months for Gold Eagle Sales

YEAR RANK SALES TOTAL
1998 1 255,000
1999 2 186,500
2011 3 112,000
2008 4 86,000
2009 5 82,000

 

The American Gold Eagle was introduced in October 1986 in both bullion and collector versions. The bullion coins are different than the collector proof or uncirculated counterparts. Each is struck in .9167 fine gold and features the same designs. The collector coins feature a West Point "W" mint mark while the bullion coins do not.

American Gold Buffalo and American Silver Eagle Bullion Coin Sales

The United States Mint also reported 28,000 ounces of the American Gold Buffalo bullion coin sold last month. That compares to 12,000 in the previous month and 15,500 during the same time a year ago. The one-ounce, 24-karat Buffalo has a year-to-date total of 119,500 ounces.

Combining the Buffalo and Eagles, the Mint delivered a total of 140,000 ounces of gold bullion coins in August and 872,000 ounces for the year.

Additionally, the Mint sold 3,679,500 ounces of the .999 fine American Silver Eagle bullion coin. The Eagles broke a record, scoring the best August ever and ranking fourth place in all-time monthly sales. The silver bullion coin was also introduced in 1986.

This site’s bullion coins section offers information on U.S. and world bullion offerings from government mints.


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