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The U.S. mint sold fewer gold and silver coins in the first five months of this year than in the same period last year, according to the latest Figures of the U.S. Mint. At the beginning of this year, due to the sudden increase in Gold price and the silver price was still a stampede on investment coins, but since then it has calmed down a bit in the market.
In the first five months of this year, the U.S. Mint sold a total of 272,500 troy ounces of gold Buffalo and gold Eagle coins, down from 313,000 troy ounces in 2014 and far less than the 716,500 troy ounces in 2013. Sales of the Silver Eagle are also lagging behind the past two years, when new records were set. In the first five months, the mint sold a total of 16.94 million troy ounces of silver coins, while in the same period of 2013 and 2014, more than 21 million Silver Eagles were sold.
If we compare the sales numbers of the US Mint with recent years, we see that the interest in Gold Coins which has decreased. Sales of silver coins remained reasonably stable.
Sell Gold Coins US Mint
Sell silver coins US Mint
It is not only the American mint that is seeing the demand for investment coins decline somewhat. The Australian Perth Mint also notices that volumes have fallen slightly recently, according to the latest figures released on Friday. Monthly sales of gold coins and gold bars reached their lowest level since April 2012. Many investors are waiting for new signals that could move the market.
U.S. Mint Sees Demand for Investment Coins Drop
