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Where are Buyers?
August 05, 2013

If recent lower gold prices are prompting buyers to step up their purchases, there is no evidence of it in the U.S. Mint’s July sales figures of one-ounce U.S. American Eagle gold coins.

Sales fell to the lowest monthly level of 2013. Previously June’s sales total had been the lowest of the year.

In the month of July, the U.S. Mint’s authorized purchasers took 43,000 one-ounce coins compared to June’s 49,000. Sales have been falling month by month since the April surge when lower gold prices, indeed $200 cheaper gold prices, inspired a world-wide wave of gold buying. In that month, the U.S. Mint’s sales went to 187,500, more than tripling the March sales figure and beating out January’s 124,500 number.

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• See what guides and supplies our editors recommend for keeping up with your collection.



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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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