Strongest Start for American Gold Eagles Posted by Adam King on January 11, 2013
On January 2, 2013, the U.S. Mint began accepting orders from authorized purchasers for its 2013-dated American Gold Eagle Coins. The opening day orders for the one ounce gold bullion coins included 40,000 one ounce coins, 5,000 one-half ounce coins, 10,000 one-quarter ounce coins, and 50,000 one-tenth ounce coins, making opening day sale reach 50,000 troy ounces of gold bullion at the Mint.
These numbers constitute the stronger start for the gold bullion coins sold by the U.S. Mint over last year when purchasers placed orders for 37,500 ounces of gold bullion through the Mint. For the month of January 2012, Gold Eagle sales reached 127,000 troy ounces.
U.S. gold futures for February delivery lost 0.84 percent in midday trade on Friday following greater than 1 percent gains to close the session on Thursday. Futures lost $18.10 to close $1,660.00 per troy ounce. The spot price of gold dropped $14.17 to $1,661.22 per troy ounce.
As of the close of sales on January 9, 2013, the figures at the Mint have increased with strong selling. American Buffalo Gold Bullion coins, which sold 8,000 last week, reached 19,000 by the close of the day on January 9. American Eagle Gold Coins reached 12,000 ounces this week in the one-ounce size. The American Eagle Gold Coin sold 5,000 in the half-ounce, 4,000 in the quarter-ounce, and 10,000 in the one-tenth ounce, making for a total 73,000 ounces of gold bullion selling at the Mint through authorized distributors thus far in January of 2013.
Not to be outdone, American Eagle Silver Coins, which went on sale on January 7 after a three week hiatus, sold 4,287,000 ounces in the first three days of sales at the U.S. Mint, making for the strongest opening day and week in the coin’s 27-year history. Sales for five ounce silver coins are also strong in some back-dated editions with the 2011 Gettysburg Silver Coin and the 2011 Glacier Silver Coin, both five ounces, sold out at the Mint.
American Eagle Silver Coins jumped 345,000 ounces in sales on Thursday, bringing the monthly total thus far to 4,632,000 ounces. Though the month is not yet half over, that is the third highest monthly total for sales since the coin’s debut in 1986.