Tuesday, August 3, 2010

U.S. Mint Bullion Coin Sales Down Slightly From Last Month

The July 2010 U.S. Mint sales figures for bullion coins are in, and for gold they show an overall drop from last month's elevated levels. Still, Eagle sales of 175,000 oz. are up 103% from July of '09.

This month, fractional Eagles were only 2.6% of all bullion sales; last month, they accounted for almost 30%. The spike-up is due to their late debut last month; a lot of the sales reflected pent-up demand for the fractionals. That demand now satisfied, the one-ounce Eagle is back in its usual predominant position. The Buffalo continues to sell well, but well below the figures for the one-ounce Eagle.

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