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Gold bullion coin sales slow down

Authorized Purchasers are holding back their orders for gold bullion coins. Just 1,000 American Buffalo and 500 American Eagle gold one-ounce bullion coins were sold between May 13 and May 20. With 6,500 total ounces of gold purchased the week before, this week’s total represents a 77 percent drop.

Orders for the 100-coin bags of Philadelphia minted Homestead quarters have taken off, possibly based on news that collectors were finding doubled die errors. Buyers purchased 275 bags between May 10 and May 17 while the Denver bags saw a loss of four bags and San Francisco had just 27 bags sold.

The Eisenhower Presidential dollar and First Spouse medal set went on sale May 12. Collectors ordered 2,919 sets, well above the 2,890 the previous set, Truman, has sold so far.

The Mint began sales of the 2015 silver proof set May 14 with buyers since purchasing 184,613 sets.

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This article was originally printed in Numismatic News.
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