Gold Eagle May Sales Post Record

May 26, 2010 - The US Mint released today the record-breaking sales of the American Gold Eagle for the month of May. Eleven more days before the month ends, 110,500 ounces of the one-ounce Gold Eagle has been sold, more than any other month this year. It surpassed the 60,500 ounces sales for the entire of April and the 102,000 ounces sold in March, the third best March ever for the American Gold Eagle since its launching in 1986.

The US Mint report said “precious metals coins are flying into buyer’s hands so fast that sales reports are outdated almost as soon as they are published.”

Sales of the American Gold Eagle for the first four months of 2010 and part of May total 422,000 ounces.

January 85,000 ounces

February 84,000

March 102,000

April 60,000

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Sob-total  331,500

May 19     110,500

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422,000 ounces

One of the most popular gold coins in the world, the American Gold Eagle is in 22 karats with a purity of 91.67%. The original Gold Eagle was minted in 1795 but was withdrawn from circulation in 1953. The modern-day Gold Eagle was reintroduced into circulation in 1986. On the first year of its reintroduction, 1,787,750 ounces were sold in spite of the fact that selling started only in the last three months of 1986. For 12 years, the reintroduction year remained the highest selling year for the American Gold Eagle until it was surpassed in 1998 with 1,839,500 ounces and 1999 with 2,055,500 ounces.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org