2014 sales by U.S. Mint of 1-ounce gold American Eagle bullion coins sharply below 2013

Fractional versions also experience drop in demand
By , Coin World
Published : 06/12/14
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Cumulative sales by the United States Mint of 1-ounce gold American Eagle bullion coins during the first five months in 2014 are down 340,000 coins from 2013 levels over the same period.

Sales of the half-ounce, quarter-ounce and tenth-ounce gold American Eagles are also below 2013 figures.

The U.S. Mint began selling the 2014 American Eagle gold bullion coins to its authorized purchasers beginning Jan. 2.

Through May 31, the Mint recorded sales of 155,500 of the gold 1-ounce coins. That compares with 495,500 coins during the same five-month period in 2013.

Sales of the fractional gold bullion coins are fairing slightly better:

➤ Half-ounce, 12,500 ounces (25,000 coins) in 2014 compared with 21,000 ounces (42,000 coins) in 2013.

➤ Quarter-ounce, 17,000 ounces (68,000 coins) in 2014 compared with 19,500 ounces (78,000 coins) in 2013.

➤ Tenth-ounce, 32,500 ounces (325,000 coins) in 2014 compared with 36,000 ounces (360,000 coins) in 2013.

Gold American Eagle bullion coins are composed of .9167 fine gold, with the balance of the alloy being 5.33 percent copper and 3 percent silver.

The bullion coins are struck at the West Point Mint, but do not bear the W Mint mark.

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