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U.S. MINT OPENS JANUARY WITH BLOCKBUSTER YOY GOLD EAGLE SALES

by Louis Cammarosano, Smaulgld:

In the chart below you can see the lower sales of American Gold Eagle coins the past few years relative to sales during the period of the global financial crisis from 2008-10. While it’s too early to call, January’s strong American Gold Eagle sales so far may mark the beginning of a reversal of that trend.

American Gold Buffalo Coin Sales

Since 2006, the U.S. Mint has produced a 24K gold coin, the American Gold Buffalo. Sales of this coin have ranged from about a third to a sixth of those of American Gold Eagles. Even with exceptionally strong American Gold Eagle sales the first two days of January, sales of American Gold Buffalo coins are about half (23,000 vs 47,500) during the same time period.

sales of one ounce American Gold Eagles 1986-2015

American Gold Eagles sales have been lackluster the past few years.

The U.S. Mint has sold more than half the amount of Gold Buffalo coins in the first two days of 2016 than it sold in all of January 2015.

Read More @ Smaulgld.com

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