Cumulative sales by the United States Mint of American Eagle 1-ounce
gold 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 1-ounce
gold coins. That compares with 495,500 coins during the same
five-month period in 2013.
Sales of the fractional gold bullion coins are faring 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;
the balance of the alloy is 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.
The Mint sells the coins to its authorized purchasers for the spot
price of gold per troy ounce, based on the London PM fix on a
given day, plus a premium.
The current premiums are 3 percent for 1-ounce coins, 5 percent on
half-ounce coins, 7 percent on quarter-ounce coins and 9 percent on
tenth-ounce coins. The minimum ordering requirement is 1,000 ounces
According to the World Gold Council, demand for gold investment
products in the United States during the first quarter of calendar
year 2014 was 30 percent below 2013 levels.
“Although sales of Eagle coins by the U.S. Mint indicate a dramatic
drop in demand compared with the year-earlier period, this does not
take into account imported bullion coins such as Canadian Maple Leafs,
or the extent of demand in the secondary market, which was reasonably
buoyant,” according to the World Gold Council.