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Gold demand sizzles

Gold American Eagles continued to be hot as the end of January approached. Sales were up by 53 percent from the same month a year ago.

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The U.S. Mint reports 124,000 ounces of gold American Eagles were sold in January 2016, compared to 81,000 ounces in the same month in 2015. Buyers have taken 89,000 2016-dated one-ounce pieces, 23,000 half-ounce, 36,000-quarter ounce and 145,000 tenth-ounce 2016 coins. Sales of 2016 one-ounce gold Buffaloes came in just under January 2015 levels, standing at 34,000 compared to 34,500. While the Mint made 6 million silver American Eagle coins available in January 2016, just 5,954,500 were taken. This compares to 5,530,000 sold in January 2015.

This article was originally printed in Numismatic News. >> Subscribe today or get your >> Digital Subscription

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