Gold Eagle Sales Jump to Break Downtrend|
October 18, 2013
The five-month downtrend in the sale of one-ounce American Eagle gold bullion coins by the U.S. Mint was broken in October.
As of Oct. 16, the Mint had sold 19,500 one-ounce coins compared to just 8,500 sold in the full month of September.
The September number has proven to be the low point following the April monthly sales high of 187,500.
Though it is too early to know by how much sales might bounce back, a continuing lull would give the U.S. Mint the opportunity to smoothly switch from production of 2013-dated pieces to coins dated 2014 as this year comes to an end.
That would in turn make the January 2014 sales experience better in terms of meeting the demand from all buyers for the new dates.
Demand was so high in January 2013 that the Mint had to ration coins.
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