The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
The latest weekly sales for bullion coins offered by the United States Mint are available. The US Mint currently offers just three bullion coin options. This includes the one ounce American Silver Eagle, one ounce American Gold Eagle, and one ounce American Gold Buffalo. The 2009 Gold Buffalo bullion coin was offered for the first time beginning on October 15, 2009.
The table below presents the latest bullion sales figures. The first number column represents sales for the week ending October 18, 2009. The second column represents year to date sales.
Bullion Sales Figures
|American Gold Eagle 1 oz||33,000||1,017,500|
|American Gold Eagle 1/2 oz||N/A|
|American Gold Eagle 1/4 oz||N/A|
|American Gold Eagle 1/10 oz||N/A|
|American Silver Eagle 1 oz||918,000||21,992,500|
|American Gold Buffalo 1 oz||71,500||71,500|
Bullion coin sales have continued to be strong this year during a worldwide resurgence in demand for precious metals. The year to date Silver Eagle sales already represent a record number of coins sold in a year, exceeding last year’s total of 19,583,500. Although the Gold Buffalo has just been on sale for one week, the current total of 71,500, already positions the coin in striking distance of last year’s total number of coins sold of 172,000.