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. [click to continue…]
Demand for the American Eagle Gold and Silver Bullion Coins could certainly be considered elevated according to the January sales figures from the United States Mint.
Even with several hurtles to over-come, the Silver Eagles recorded their best ever sales for the month of January with 3,592,500 sold. The Gold Eagles were not as popular but still managed to rack up 85,000 sold before the month closed out, tagging the seventh best January ever for them.
What makes these numbers more incredible are the factors that actually limited the sales of the coins; one of them being the late release of both bullion Eagles. Due to US Mint production issues, both were only made available on January 19, 2010. Typically, the coins are offered for sale much closer to the first of the year. [click to continue…]
With an availability that was measured in days, instead of months it is amazing to find out that the 2009 Fractional Gold Eagles bullion coins had near-record sales for the year.
Since their introduction in 1986, the Eagles have normally been available without restriction for most of each year. As most collectors and investors know, this was not the case for the 2010 fractionals.
Instead, the Mint only released the one-half ounce, one-quarter ounce, and one-tenth ounce Eagles on December 3, 2009. This late introduction and the astonishing demand for gold helped to push the fractionals to a one-day record sales level. In less than 24 hours, 345,000 coins were sold.
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Those interested in purchasing the 2009 Ultra High Relief Double Eagle Gold Coins have just two more weeks to complete their transaction.
First available to the buying public on January 22, 2009, the UHR's will be available from the US Mint until 3 PM (Eastern) on December 31. At that time, the Mint will stop taking orders for the pieces.
Each Double Eagle contains imagery designed over 100 years ago by the famed artist Augustus Saint-Gaudens. It was originally meant for and placed on the 1907 Gold Double Eagles, which also initially were created using an ultra high relief design. Many consider this early 1900 coin to be the most beautiful ever produced in the United States.
Unfortunately, the Mint was unable to continue striking the coins to such a high relief due to the multiple strikes needed to create such detail, and within the first year, the depth of the coin was reduced significantly. Bankers also approved of the lower profile as the original design was not conducive to stacking. [click to continue…]
2009 American Buffalo Gold Bullion Coin sales have ended, the US Mint announced on Friday. While the collector or numismatic proof versions are still available -- only the Mint knows for how long -- the inventory of bullion coins is gone, and no more will be produced this year.
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins," said U.S. Mint Director of Public Affairs Tom Jurkowsky to authorized purchasers. "No additional inventory will be made available. As additional information becomes available regarding 2010-dated American Buffalo One Once Gold Bullion Coins, you will be notified."
Unlike coins struck specifically for coin collectors, the US Mint does not sell bullion coins to the public. They are instead offered to Authorized Purchasers who then resell to coin dealers, precious metal providers, and/or directly to the public. (See information on the collector minted 2009 Gold Buffalo Proof Coin.)
The bullion Buffalos first went on sale Thursday, Oct. 15, 2009. By the following Monday, 71,500 had sold, which was nearly 42 percent of the total sold in all of 2008. Despite their late release, by December the 2009 tally broke both the 2008 and 2007 totals. [click to continue…]
US Mint bullion gold coin sales have been on a run of sorts, following record-setting gold prices -- the yellow metal reached its latest all-time high of $1,153.40 an ounce on Tuesday.
The US Mint sold 13,500 of their 2009 American Buffalo Gold bullion coins to authorized dealers during the last seven days. 11,000 went the week prior. With the latest addition, their November total now stands at 29,000 and the year-to-date figure is at 145,500. And the year has been short for the coins, as the 2009 Buffalos were only released Oct. 15. At the current pace, they will surpass the 2008 sales of 172,000 in two weeks. [click to continue…]
The 24-karat 2009 Proof Buffalos have proved to be extremely popular since their release on October 29. US Mint sales figures show 19,468 one ounce proofs sold in the first few days, which is quite amazing when you compare it to the fact that only 19,591 were sold in all of last year for the 2008 versions.
Of course, last year the Mint offered fractional sizes of the Proof Buffalos as well as a four coin collector set. They were discontinued after a review of product offerings by the Mint. Still, with a price tag of $1,360, those who purchased fractional Buffalos last year did not necessarily upgrade to the one ounce size this year.
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The US Mint launched the 2009 American Buffalo Gold Proof One Ounce coins on Thursday with little hassle to the buying public. Previous to the launch, many had wondered if they would experience ordering issues similar to the Lincoln Coin and Chronicles launch recently.
Other than things moving rather slowly for the initial few hours, both online and the phone ordering systems seemed to work adequately. Of course, demand for the coins is probably not at the frenzied level that it was for the Lincoln Chronicles.
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