Market Report: U.S. Mint Gold Sales Suddenly Soar in May

Bullion products offer introduction to the wonderful world of coins

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Photos courtesy U.S. Mint.

By Mike Fuljenz

Mike Fuljenz

Sales of American Eagle gold coins had been fairly slow for the first four months of 2018, but the U.S. Mint reported that sales soared by a whopping 433% in May compared with April. U.S. Mint sales of American Eagle gold coins totaled 24,000 ounces in May vs. 4,500 ounces in April. The May 2018 figures also topped the 15,500 ounces sold in May of 2017 and the 21,500 ounces sold in May 2015.

American Buffalo gold coin sales from the U.S. Mint rose even faster in May 2018 to 16,500 ounces, up 725% from the 2,000 ounces sold in April 2018 and up 230% from the 5,000 ounces sold in May of 2017.

These numbers are important because when new gold bullion coin buyers see the beauty of the American Eagle gold coin, they are introduced to the classic design of U.S. coinage, and they want to know more about rare coins. Coins from the U.S. Mint offer the introduction to the wonderful world of rare coins, creating a new customer base for us to introduce to the profit potential of U.S. rare coins.

Mike Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas, is a leading coin expert and market analyst whose insightful writing and consumer advocacy have earned major honors from the ANA, PNG, NLG, and the Press Club of Southeast Texas. His website is www.universalcoin.com.

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