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April 5, 2010 - American Eagle bullion coin sales are on track for a good first quarter sales.

Coin Collection News reported that the American Silver Eagle bullion outperformed its gold counterpart in January. Some 2,480,000 Silver Eagles of 2010 mintage were snapped up by collectors within 48 hours after its was introduced on January 19. Thirteen days later in end-January a total of 3,592,500 Silver Eagles were sold. It was the best January ever for the Silver Eagle and it was as well the third best month for the Silver Eagle since its introduction in 1986.

The Gold Eagle posted sales of 85,000 coins in January and another 84,000 coins in February. The Gold Eagle made January the seventh best month ever since the introduction of the gold coin variant in 1986. It was poised to also make March as the best March ever for the Gold Eagle. Mid-March figures showed that some 39,500 Gold Eagles had been sold and if sales were maintained until the end of March, the month of March would be the third best March ever for the Gold Eagle.

The US Mint also reported that when the one ounce Gold Eagle coins were released on January 19, some 35,000 coins were sold within the first 24 hours. By About mid-February some 150,000 coins had been sold.

There was a slight delay in the introduction of the 2010 Gold Eagle. The US Mint normally schedules every December the striking of new coins for release into the following year. But in 2009, it had not been able to do that because of some inventory problem. The US Mint decided to strike the 2009-dated Gold Eagle instead to be released in 2010 while the 2010-dated coins are not yet available.

Some 367,500 2009-dated Gold Eagles were sold before they ran out on January 12. After a gap of about a week, the 2010-dated Gold Eagle was launched. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org