American Gold Eagle Bullion Coin Sales Retreat in September 2011

by Rhonda Kay on October 4, 2011 · 0 comments

2011 American Gold Eagle Bullion Coin

Unlike Silver Eagles which exploded last month, demand for American Gold Eagle bullion coins retreated in September compared to August’s gold rush. The pace slowed as sales of the 22-karat investment-grade coins slid in at 91,000 ounces after raking in 112,000 ounces in the prior month.

The month ranks sixth out of nine in 2011, which has been a strong year for the coins, but it was not a weak month when looking at Septembers of the past. In that category, it was the fifth best since the series started, and it was higher than last year’s, which hit 88,000 ounces.

Bullion Gold Eagles are available from the United States Mint in four sizes, and as far as the number of gold coins sold goes, Mint authorized purchasers ordered 115,500 coins in all. The leader of the pack was the one ounce ($50 denomination) with 87,500, followed by tenth ounce ($5 denomination) with 25,000. The next most popular was the quarter ounce ($10 denomination) with 2,000 and the half ounce ($25 denomination) had the smallest sales with only 1,000.

September 2010 – September 2011 American Gold Eagle Bullion Coin Sales

(in ounces / number of coins)
Month One
( oz. / # )
Half
( oz. / # )
Quarter
( oz. / # )
Tenth
( oz. / # )
Total
( oz. / # )
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
September 2011 87,500
87,500
500
1,000
500
2,000
2,500
25,000
91,000
115,500

 

Year-to-date American Gold Eagle sales now stands at 843,500 ounces. The nine-month total is behind the same stretch of time a year ago by 111,000 ounces.

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

Top 5 September Months for Gold Eagle Sales

YEAR RANK SALES TOTAL
1998 1 233,000
1999 2 147,000
2009 3 115,500
2008 4 113,000
2011 5 91,000

 

The American Gold Eagle was introduced in October 1986 in both bullion and collector versions. The bullion coins are different than the collector counterparts. Each is struck in .9167 fine gold and all feature the same designs, the obverse is Augustus Saint-Gaudens’ Liberty and the reverse is Miley Busiek’s eagles. The collector coins differ from the bullion coins because they feature a proof or uncirculated finish and a West Point "W" mint mark. Bullion coins have no mint mark.

American Gold Buffalo and American Silver Eagle Bullion Coin Sales

The United States Mint also reported 13,000 ounces of American Gold Buffalo bullion coins sold last month versus 28,000 in the previous month. The total count for troy ounces sold this year is 132,500. The one-ounce Buffalo is composed of 24-karat, or .9999 fine gold.

Combining the Buffalos and Eagles, the Mint delivered 976,000 ounces of gold bullion between January and September 2011.

In American Eagle Silver bullion coin sales, September was remarkable with 4,460,500 of the .999 fine silver one ounce coins ordered, which moved its annual sales to 33,411,500. The month ranked second highest all-time.

This site’s American Eagle coins page offers an overview on Eagles offered by the United States Mint.


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