February Gold American Eagle Bullion Coin Sales Come In Strong
Gold Coins, United States Coins Monday, March 1st, 2010
Racking up the fifth best February ever for sales, the US Mint's recently released sales figures show 84,000 of the Gold American Eagle Bullion Coins were sold last month.
While this has to be considered an impressive amount, it is far from breaking any sort of records. One only has to look as far as January 2010 to see higher numbers, albeit only slightly with 85,000 sold.
Of course, both of those months are probably being affected slightly by the Mint's left-over supply of 2009 dated coins. The Mint stated in mid-January that it still had over 50,000 of the previous years strikes in its warehouse. As such, it instituted a policy requiring its authorized purchasers to order one of the 2009-dated coins for every three of the 2010-dated coins that they wanted.
Still, coming in at the fifth best February is nothing to sneeze at. The higher record holders have set levels that will be hard to beat. Most notably among these is the current best February from 1987 of 205,000 of the gold strikes.
It should be noted that the Mint does not sell its bullion coins directly to the public. Instead it uses a network of authorized purchasers which are allowed to buy the coins from the Mint, and in turn sells them to other dealers or to the public for a small amount above the market price of the precious metals which they contain.
For more information on these coins, see World Mint Coin's Gold American Eagle page.
Related World Mint Coins articles:
- January 2010 Demand High for American Eagle Bullion Coin
- US Mint Bullion Coin Sales: 2009 Buffalo Gold at 145,500
- 2010 Silver Eagle Sales Top 2.4 Million in Two Days
Posted by World Mint Coins Staff
on Mar 1 2010. Filed under Gold Coins, United States Coins.
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