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Proof gold sales rate falls

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A dramatic drop in the sales pace of 2010 proof gold American Eagles was recorded by the U.S. Mint in the week ending Oct. 24.

Sales of all four sales options dropped by more than half from the prior week.

2011 U.S. Coin Digest: Bullion
2011 U.S. Coin Digest: Bullion

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A total of 2,107 one-ounce coins were sold as compared to 5,215 in the prior week.

Overall, since sales stared Oct. 7, the Mint has sold 21,302 of the one-ounce proofs.

Sales of the four-coin gold American Eagle proof set receded to 1,432 in the most recent week as compared to 2,840 the week before for an overall count of 11,419 sold so far.

Just 247 half-ounce coins were sold as compared to 706 the prior week and an overall total of 3,126.

For the quarter ounce, the number was 311 this week, down from 669 the week before and the running count stands at 3,760.

The tenth-ounce proof saw demand at 644 coins, down from 1,593 the week before bringing the running total to 9,182.

Maximum possible sales are 25,000 one-ounce coins, 15,000 half ounce, 16,000 quarter ounce, 27,000 tenth ounce and 39,000 four-coin sets.

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