While both American Eagle gold and silver bullion coins May sales were up substantially from April, they still lag far below 2011 bullion sales.
Author: Dorothy Kosich
Posted: Monday , 04 Jun 2012
RENO – The U.S. Mint’s sales of American Eagle gold bullion coins in May rose 158% over the total number purchased in April.
Sales of American Eagle silver bullion coins rose 89% during the same period.
The increased sales for both precious metal bullion coins were attributed to a decline in metals prices.
The U.S. Mint reported 49,000 American Eagle gold bullion coins were sold during May, up 158% from the April sales total of 19,000 gold bullion coins. However, May 2012 gold bullion sales were down 46.7% from the 93,500 in American Eagle gold bullion coins sold in May 2011.
American Eagle silver bullion sales for May 2012 were reported at 2,875,000 coins, up nearly 89% from 1,520,000 silver bullions coins sold in April 2012. However, May 2012 gold bullion sales declined 68% from 3,653,500 American Eagle silver bullion coins sold in May 2011.
The benchmark gold price fell for the fourth straight month in May 2012, the longest slump since 2000 while silver declined for the third consecutive month as of May.