American Eagle Gold Bullion Coins Surge 947.5 Percent
Posted by Brian Ford on May 01, 2013
During April 2013, a drop in precious metals prices brought about a buying trend in markets that saw orders for gold and silver bullion surge the United States Mint. The American Silver Eagle is ready to break a new record in its annual sales, after shattering many records so far this year. The American Gold Eagle’s sales levels have surged an incredible 947.5 percent over sales levels in the period last year, reaching their highest monthly sales total in more than three years in the process.
In the month of April, the U.S. Mint released sales figures of 4,087,000 ounces of American Eagle Silver Bullion Coins. This level is an increase of 21.8 percent over the previous month with sales at 3,356,500 ounces and up 168.9 percent from the same period the year prior with 1,520,000 ounces.
Year to date, American Eagle Silver Coin sales have reached 18,310,000 ounces, about 20 percent more than the sales for the same period in 2011, a year in which record annual sales of American Eagle Silver Bullion reached 39,868,500 ounces.
In the month of January 2013, following just ten days of availability, the U.S. Mint suspended sales of its newly dated American Eagle Silver Coin. On January 28, sales of the coins were resumed under an allocation or rationing program, which continues to this day.
In April 2013, sales of American Eagle Gold Bullion reached 209,500 ounces inclusive of all four sizes available. This level is more than triple the levels from the previous month with sales levels of 62,000 ounces. The current month’s total is increase of 947.5 percent from the same period a year ago in April 2012, which registered sales at just 20,000.
In the current month, the U.S. Mint has suspended sales of its one-tenth ounce sized American Eagle Bullion, traditionally its most popular seller. There is currently no word when the U.S. Mint will resume sales of the one-tenth ounce sized coin.
Year to date, American Gold Eagle Coin sales have achieved levels at 502,000 ounces. Compared with the same period one year ago, there is a 117.8 percent increase in sales volume, highlighting current investor demand for physical gold bullion.