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Sales of American Eagle gold and silver coins drop to 11 year low

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best place to buy American Silver Eagles online

According to sales data released by the U.S. Mint this week, sales of both American Silver Eagle (ASE) and American Gold Eagle (AGE) coins were down in 2018.

According to sales data, the U.S. Mint sold 245,500 ounces of Gold Eagle bullion coins during 2018. This was down from 302,500 ounces in 2017 and 985,000 in 2016.

Silver Eagle bullion coin sales dropped in 2018 as well. In 2018, the U.S. Mint sold 15,700,000 one-ounce Silver Eagle bullion coins. This was down from 18,065,500 in 2017 and 37,701,500 in 2016.

Silver Eagle bullion coins are sold to dealers in 500 coin Monster Boxes. Many precious metals dealers that are still holding onto 2018 dates coins have lowered the premiums to as low as $2.20 per coin, which is only 20 cents more than the premium charged by the U.S. Mint.

Additional information can be found in this Reuters article and via the U.S. Mint Production Sales Figures.

Overall, the spot price of gold ended 2018 with a 2.1% loss, the spot price of silver lost 9.7% throughout the year.

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US Mint Authorized Wholesale Purchasers

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2018 American 1 oz Silver Eagle

Unlike other world mints, The United States Mint does not sell its bullion coins directly to the public. Instead, the coins are distributed through a network of official distributors called “authorized purchasers”. The Authorized Purchasers then create a two-way market buying and selling to precious metal wholesalers as well as private investors.

In the United States there are nine authorized purchasers that purchase Gold, Silver, and Platinum Eagles and other bullion items direct from the US Mint. In Europe there are two Authorized Purchasers and in Asia there is one. The Authorized Purchasers act as wholesale distributors for US Mint bullion products.

United States

  • A-Mark Precious Metals, Inc
  • American Precious Metals Exchange (APMEX)
  • Coins & Things, Inc
  • Dillon Gage Inc of Dallas
  • Fidelitrade, Inc
  • Jack Hunt Coin Broker, Inc
  • Manfra, Tordella, & Brookes, Inc (MTB)
  • The Gold Center
  • ScotiaMocatta (Scotia Bank)

Europe

  • Bayerische Landesbank
  • Deutsche Bank AG

Asia

  • Tanaka Kinkinzoku
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2019 Silver and Gold Eagle Bullion Coin Availability Announced by US Mint

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2018 American 1 oz Silver Eagle

The US Mint’s authorized purchasers were notified that they could begin placing orders for 2019 silver, gold and platinum Eagle Coins and 2019 Gold Buffalo coins starting on January 7, 2019.

A spokesman for the US Mint announced that production of 2018-dated coins has ended and any remaining inventory would be used to fill orders placed before the end of the year.

The U.S. Mint does not sell the bullion versions of its coins directly to the public. The Mint sells the coins through a group of authorized purchasers who buy wholesale amounts of the coins with prices based on the closing London PM spot price of their weight in precious metal on a specific day plus a premium over spot price.

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eBay Bucks 10% in eBay Bucks on every qualifying item of $50 or more, 8% in eBay Bucks on every qualifying item of $25 or more

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When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

The Promotion starts at 5:00AM PT on December 5, 2018 and ends at 11:59PM PT on December 6, 2018 (the “Promotion Period”). The Promotion applies to any qualifying items purchased during the Promotion Period that meet the minimum purchase requirement. You must activate the offer to qualify.

Gold:

Napolean III 20 Francs for below melt

Random 1/2 oz Canada Gold Proof Coins below melt

Random 1/2 oz First Wives Gold coins below melt

$20 Liberty Double Eagle (cleaned) below melt

Random US Mint Commemorative 1 oz gold coins below melt

Mexican 50 peso gold coins below melt

Silver:

MCM has 2018 Silver Eagle Tubes of 20 that net for around $16.25 per coin

Bullion Exchanges has lot of 5 RMC silver rounds

2018 5 oz Proof Libertad

5 oz Englehard Australia Cast Bars

Bullion Exchanges 10 oz Silver Bars (Various listings)

A few lots of 10 1 oz silver rounds

Here’s a list of more eBay Bucks eligible bullion items:

https://findbullionprices.com/ebay-bucks-bullion-deals.php?discount=10

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Bullion Holiday Gift Items include Free Shipping From Money Metals Exchange

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Diversion Safe Book
Money Metals Exchange has been around since 2010. Many people have avoided buying from them because they charge shipping for orders under $1,000 or because it often seems like they are just “silver pumpers” pushing metals because of the coming economic apocalypse.
In any event, they have decent pricing on a lot of things but due to the shipping cost. For smaller orders a $9.99 shipping charge means an extra $1.00 per ounce premium for 10 ounces.
As a holiday special they are offering free shipping on all orders placed through December 20 that contain an gift item from their list of gift ideas.
Gift items include:
Additional items are available on the Money Metals Exchange Bullion Gift Ideas page.
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Buy Gold Coins as a Store of Wealth

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american gold eagle coin

When considering gold coins as a store of wealth, it’s important to recognize that certain gold coins have gained international reputation and are widely recognized as reliable stores of wealth.

For anyone looking to hold gold as a store of wealth or even as a way of bartering in the event of economic collapse, the best gold coins to buy are the most popular and highly recognizable gold coins such as the Gold Eagle, Maple Leaf, and Krugerrand. These gold coins are widely recognized by gold buyers and are very liquid when it is time to sell.

You can sell or exchange these gold coins at almost any coin shop anywhere in the world. Bulk gold bullion, including small bars in assay cards on the other hand, may need to be weighed, assayed and verified by experts before being traded.

Premiums on gold coins increase when demand from investors is high. In the early days of the last financial crisis that started back in 2008, premiums on gold bullion coins rose from 4% to over 10% while the price of gold dropped. At various times since then, we have seen gold premiums rise and fall because of inflation, supply chain issues, global political instability and other issues.

One of the most important factors when you buy gold coins is the premium you pay over spot price. Even though gold prices have been toying with record highs in recent years, the demand for gold and silver bullion continues to be strong with investors due to record amounts of inflation. When demand is low dealer premiums typically drop, which can help lower your dollar-cost average.

Currently, dealer premiums on Random Year American Gold Eagle Coins have been as low as 2% over spot. There have been some dealers that have had premiums even lower. FindBullionPrices.com tracks premiums on gold coin prices across trusted and reputable bullion dealers.

With dealer premiums at record lows, it is a great time to buy gold coins.

Buy Gold Coins for Financial Stability

Gold coins have been used as a store of wealth, as a means of exchange and currency for thousands of years. Some coins have numismatic value in addition to their gold content. This can enhance their value and provide another avenue to find gold buyers in the numismatic market.

A tube of American Gold Eagle coins is roughly the size of an average pill bottle. There are twenty American Gold Eagles in a mint tube. At current gold spot prices the melt value of a tube of Gold Eagles is roughly $25,000.

An American Gold Eagle Monster Box holds 25 tubes with 20 coins in each tube. A Monster Box of Gold Eagles is roughly the size of a shoe box and holds 500 gold coins.

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Gold bullion price lower, Stronger gold sales for US Mint

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The gold bullion price per ounce has fallen by around 5% since the beginning of June. The current gold spot price is down by over $120 a ounce since hitting a high of $1362.40 in January.

As the price of gold has gone down the demand for the shiny metal continues to grow. In June sales of American Gold Eagle coins had their third highest sales month of the year. The US Mint reported 24,500 troy ounces of gold eagle bullion sold, comprised of 41,500 gold coins of various denominations. Sales figures where substantially higher than June 2017.

Gold Buffalo coins had strong sales as well, with 6,500 of the 24 karat gold 1 oz buffalo coins reported being shipped by the US Mint. The number of Gold 1 oz Buffalo Coins shipped by the mint in June of this year is more than 300% more than June 2017.

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Gold prices lower, sales of gold bullion surge

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Gold prices fell throughout the month of May. The price of gold per ounce at the start of June was down close to 1%.

As the price of gold has continued to fall investor demand for American Gold Eagles has surged. The US Mint reported that Gold Eagle sales in May were the highest since January.

In May, the US Mint sold 18,500 2018 American Eagle 1 oz Gold Coins, up from 4,000 coins shipped in April.

2018 Gold Buffalo 1 oz coin sales rose to 16,500 units in May compared to 2,000 units in April.

While the price of silver has stayed relatively steady, the gold to silver ratio has continued a downward trend over the past couple of months due to the reduced gold prices.

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Mexico Gold 5 Peso Coin – 3 Reasons Why It’s a Better Value Than 1/10 oz American Gold Eagle

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The Mexico Gold 5 Peso coin is a gold bullion coin from Mexico. It was minted by the national mint of Mexico, La Casa de Moneda de México from 1905-1955.

Overall, the coins are similar in size, the purity of the Mexico Gold 5 peso coin is 90% pure gold, slightly less than the 1/10 oz Gold Eagle’s purity of 91.67% pure gold. This makes the gold 5 peso coin harder and more durable to handle. The 5 peso gold coin contains more gold and a similar price point as the 1/10 oz gold eagle, which means you’ll get more gold for the same price.

Premiums on vintage gold bullion coins are lower than newly minted coins. Some Mexican gold peso coins were minted more than 100 years ago

  1. The Mexico Gold 5 Peso coin and US 1/10th Oz Gold Eagle coin are roughly the same size
    The Mexico Gold 5 Peso coin is slightly larger than the US 1/10th Oz Gold Eagle, at 19 mm compared to 16.5 mm. By comparison, a modern US Dime is  17.91 mm in diameter, slightly larger than the fractional gold eagle, slightly less than the gold 5 peso. Since the coins are roughly the same size, both are easy to keep and store in a secure location that doesn’t take much physical space.
  2. The Mexico Gold 5 Peso coin contains more gold than the 1/10 oz Gold Eagle
    Even though the purity is slightly less, the Mexico Gold 5 Peso coin contains more gold than the 1/10 oz Gold Eagle, .1205 troy oz vs .10 troy oz.
  3. The Mexico Gold 5 Peso coin carries a lower premium than the 1/10 oz Gold Eagle
    The Mexico Gold 5 Peso coin often carries a lower premium per troy ounce when compared to the premiums on the 1/10 oz Gold Eagle. Often, dealer premiums for the Gold 5 Peso coin are around $10 per coin and at times can be found for much less. We’ve seen premiums on gold pesos as low as $5.00 per coin in recent months. Dealer premiums for 1/10 oz Gold Eagle coins are typically around $20 per coin.

If you’re dollar cost averaging as you grow your investment in gold, buy Mexican gold 5 Peso coins for a better value.