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Eagles Up or Down
By Numismatic News
July 05, 2013

This article was originally printed in Numismatic News.
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What point do you want to make about precious metals and American Eagle sales? You can use the Mint’s June sales figures to come to opposite conclusions.

Those made nervous by recent price declines might look at June’s sales of one-ounce gold American Eagles and see that the 49,000 sales number is the lowest this year and just 26 percent of the 187,500 sales rate in April.

On the other hand, sales of silver American Eagles in the first six months of 2013 total 25,043,500, a record setting sales pace if maintained for the rest of the year and the result in part of buyers using recent declines in the price of bullion to make purchases.

 

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