2016 is making headlines for a number of reasons, one of which is cause for celebration for those at the United States Mint.
On December 6, 2016, the United States Mint announced they are seeing a rise in gold bullion coin sales for the first time in five years! The report comes after sales data revealed the Mint has sold 984,500 ounces of gold spanning denominations of American Eagle coins.
Their busiest month was the month of November when they experienced boom in total monthly sales of 147,500, an increase of 27% from the previous month of October and 52% from November 2015.
The United States Mint informs they are currently sold out of American Eagle coins in the following denominations: one-ounce, quarter-ounce, and tenth-ounce. They do however have ½ ounce gold American Eagle and one-ounce gold Buffalo coins still available for purchase.
These figures come after the demand for silver falling roughly 20% from overall sales in 2015 and an increased demand of gold-backed exchange trade. Additionally, bullion prices fell to $1,167.90 per ounce, an 8% decrease, surging interest and the demand of physical gold.
Experts are hopeful these record sales will help stabilize the gold market in 2017.
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