Gold Eagle Sales Dip In April

May 10, 2010 - The American Gold Eagle 1 ounce coin sales for the month of April dipped by about 40 percent to 60,500 ounces from the previous month’s 102,000 ounces. The March figure was the highest posted so far in the year 2010 and the third best month ever for the American Gold Eagle since its launching in 1986.

Sales for the first four months of 2010 now total 331,500 ounces.

January 85,000 ounces

February 84,000

March 102,000

April 60,500

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TOTAL 331,500 ounces

The American Gold Eagle is one of the most popular gold coins in the world. It is in 22 karats with a purity of 91.67% and comes in denominations of 1 troy oz. ($50 face value), 1/2 troy oz. ($25 face value), 1/4 troy oz. ($10 face value) and 1/10 troy oz. ($5 face value).

The original Gold Eagle was minted in 1795 as mandated by a law passed by the US Congress in 1792. It was put out of circulation in 1953. The modern day American Gold Eagle was reintroduced into circulation in 1986. Investor interest was instantaneous. A total of 1,787,750 ounces were sold on the first year of reintroduction in spite of the fact that it was reintroduced only at the start of the last quarter of 1986. For 12 years, 1986 remained the highest selling year for the American Gold Eagle. It was surpassed by 1998 with 1,839,500 ounces and 1999 with a resounding 2,055,500 ounces. The year 1986 is now the third best year ever for the Gold Eagle.

Sales suffered a huge drop in 2000 with a 164,500 ounces, a big let-down after an amazing performance in 1999. Recovery during the last decade was agonizingly slow and came to life only in 2008 with 860,500 ounces versus the previous year’s 198,500 ounces and in the year 2009 with 1,425,000 ounces.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org