Initial Fractional Gold Eagle Sales Available

With a debut of just last week, the 2010 American Eagle Gold Bullion Fractional Coins are off to a strong start according to the most recent figures from the US Mint.

In just the first five days of sales, 310,000 of the strikes have been ordered from the Mint showing the public is still extremely interested in the gold bullion coins.  Fractional Gold Eagles have not been available since December of 2009 when they appeared for a limited time before reaching a sell-out status that same month.

This year's 2010 versions of the fractional Eagles were released on June 10 and sales have been brisk - in total, 28,000 of the 1/2 ounce coins have been ordered along with 42,000 of the 1/4 ounce coins and 240,000 of the 1/10 coins.  This totals a decent 48,500 ounces of gold just in the fractional sizes.

Of course, the one ounce Gold Eagle Bullion Coins have also been selling quite well since they were released back in January.  In total, 565,000 of those have been sold year-to-date putting them roughly on par with last year when the ounce Eagles sold over 1.3 million for the year.

Bullion coins like these are not sold directly to the public.  Instead, a network of authorized purchasers are allowed to buy the coins in bulk from the Mint.  The network then resells the coins for a small premium over the spot price of the precious metal contained within them.

For more information on the Gold Eagles, see World Mint's America Eagle Gold Bullion page.

Related World Mint Coins articles:

• Fractional 2010 American Gold Eagle Bullion Coins Available
• February Gold American Eagle Bullion Coin Sales Come In Strong
• Gold and Silver Fall, American Eagle Bullion Jumps

Posted by World Mint Coins Staff on Jun 15 2010. Filed under Gold Coins, United States Coins. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry