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April bullion sales start off light

Authorized Purchasers aren’t in any rush to buy bullion coins from the United States Mint at the start of April. From April 1 to April 7, just 1,000 half-ounce and 10,000 tenth-ounce gold Eagles were sold. In addition, only 1,500 gold Buffaloes and 783,000 silver Eagles were purchased.

Sales of the U.S. Marshals Service commemorative coins are slipping as March 29 to April 5 saw many coins returned. The $5 gold coin is most notable with 553 proof and 543 uncirculated coins sent back, accounting for almost 8 and 9 percent of the coins’ total sales, respectively. Only the $1 silver proof commemorative had a net gain of 6,926 coins.

Orders for the Chester A. Arthur and Benjamin Harrison Presidential $1 Coin and First Spouse Medal sets increased drastically between March 29 and April 5. Collectors bought 102 Arthur and 201 Harrison sets while both Cleveland sets each had just one set sold.

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This article was originally printed in Numismatic News Express.
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