Nothing like a financial crisis in Europe to convince collectors to buy 2012 proof gold American Eagle coins. What does one have to do with the other? Your guess is as good as mine.
However, as Spain teetered on the brink of disaster, collectors were scarfing up more proof gold Eagles.
Cumulative sales of the one-ounce proof rose by about 16 percent in just a week to 4,201 coins. The other sizes were not as strong but they had a good week as well. The quarter ounce proof was up 8 percent, the tenth ounce by 7 percent and the set by 6 percent. Bringing up the rear was the half ounce, up just 3 percent.
The four-coin 2011 proof gold set saw 13 more sell to bring the total to 18,193.
Even as the two-coin “S” proof silver Eagle set began being sold and over 115,000 taken in four days, collectors did not forget the individual “W” proof. Another 27,301 of these were sold to bring the running tally to 432,286.