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The U.S. Mint has a total of 202,000 troy ounces of gold coins in the month of July Sold making it the best month for the U.S. mint in more than two years. Due to the drop in the price of gold in July, many bargain hunters entered the market to buy gold.
The last time the U.S. mint sold so many gold coins was in April 2013, when the Gold price in a very short time. With 202,000 troy ounces of gold coins, sales in July were more than twice as high as in the previous month. Due to the good sales figures, the mint is catching up, because in the first five months of this year, few gold investment coins were bought at the American mint.
Silver Coins
Also the Silver Coins were in the last month. The drop in silver price caused a rush for silver coins, causing the entire supply of the US Mint to be wiped out in no time exhausted Hit. It took more than two weeks before the backlog was cleared and the mint was able to take on new orders. In the end, despite the sales stop, more than 5.5 million were sold in July. Silver Eagle Coins of 1 troy ounce sold. That was the largest volume since the beginning of this year.
In the month of June, the mint also sold 4.84 million silver investment coins. If we compare the total for the first seven months of this year with that of previous years, we see that this is the second best year since 2008.
"I don't think anyone anticipated the rush for silver. Normally, summer is a very quiet period," Ellen McCullom of the US Mint told the press. Her colleague Jennifer Butkus, production manager at the US Mint, expects silver coin sales to approach 40 million this year. In 2014, the U.S. Mint sold a record amount of nearly 44 million silver coins.
Sell silver coins US Mint
