U.S. Mint sold more American Eagle gold bullion coins during the third
quarter of 2015 than the entire first half of the calendar year,
according to U.S. and bullion coin dealer and analyst Mike Fuljenz.
Metals Market Report, Fuljenz writes:
"The September sales of American Eagle Gold coins (through
September 25) totaled 113,500 gold ounces, up from 101,500 ounces for
all 31 days in August. Demand for gold and silver in the third quarter
(which ends Wednesday, September 30) has been extremely strong,
dwarfing the first half of the year. Demand increased after the stock
market collapsed, as investors sought gold as a safe haven in
purchasers added to the September monthly total after Fuljenz
published his comments. In total, the U.S. Mint recorded sales
of 125,500 ounces of gold American Eagles for the month. When added to
the 101,500 ounces of gold sold in August and the 170,000 ounces sold
in July, the thrid-quarter total was 397,000 ounces.
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contrast, the Mint sold 273,500 ounces of gold American Eagles during
the first six months of 2015.
also addresses the Mint's weekly allocations for silver American Eagles.
U.S. Mint is not alone in scrambling to meet higher investment demand
for bullion coins," Fuljenz writes. "In Canada, the silver
Maple Leaf coins are also subject to small weekly allocations.
'Rationing' is the 'new normal' around the world, as investors
continually call dealers demanding more products, which often are not