Buyers of Gold Eagles Close Wallets|
September 05, 2013
They might be buying gold in India, but in Indiana, not so much.
The latest U.S. Mint monthly American Eagle bullion coin sales figures for August show that buying has come almost to a complete stop.
Just 9,000 one-ounce coins were taken by the Mint’s Authorized Purchasers. If the fractional denominations are added in, just an additional 2,500 ounces of coins have been sold.
There were 1,000 half-ounce coins sold in August as well as 6,000 quarter-ounce and 5,000 tenth-ounce coins.
July had previously been the month with the lowest sales figures of 2013 at 43,0000 one-ounce coins.
These numbers compare to 124,500 one-ounce coins sold in January and 187,500 in April.
The latter month was the high point for the year as buyers were attracted to gold by a sudden $200 drop during the month.
A June-July gold price slump followed by a rebound though early September seems not to have persuaded American buyers to scoop up quantities as they did in April, but then the Indian rupee is dropping like a rock while the dollar currently is rising.
Even if the 10,000 one-ounce gold Buffalo bullion coins are added in, the month of August would still sit at the bottom of the monthly sales figures.
More Coin Collecting Resources:
• August special – only 25 available! Order your 2013 Yellow-Bellied Sea Snake Coin Set today!
• IT’S HERE! Order the 2014 North American Coins & Prices.
• Get the 2012 Coin of the Year – limited quantities remain!
• See what guides and supplies our editors recommend for keeping up with your collection.
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On September 6, 2013 Aardvark
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