Buyers grab proof gold Eagles

This article was originally printed in Numismatic News.
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The new 2011 proof gold American Eagle coins went on sale April 21 and the chart below has the numbers of each sales option sold by April 25 when these numbers were compiled.

They send mixed signals, because they are neither weak numbers nor are they strong. The 7,249 of the one-ounce coin sold represents nearly a quarter of the projected mintage. For options like the half and quarter ounce pieces, sales are less than 10 percent of the total available.

This might lead to the same result as last year where the ounce sold out and the other options came up short.

If the ounce follows the usual sales pattern, sales might plateau six weeks out at 25,000. However, collectors like to see a sellout and if it reaches 25,000, there might be a last surge of demand as collectors jump on the bandwagon.

Which will it be? We might have a clearer idea next week when we can string almost two weeks’ data together.