Silver coin sales continue to soar in U.S., but gold coin sales weaken

While low precious metals prices clobbered U.S. gold bullion coin sales in June, U.S. Mint silver bullion coin sales continued to substantially outpace last year’s totals.

June U.S. American Eagle gold bullion coins sank to their lowest level since August 2012, U.S. Mint figures reveal.

As of Sunday, June 30th, American Eagle gold bullion coin sales sank to a month-long total of 57,000 ounces, down from 60,000 ounces during June 2012.

Nevertheless, at a total of 479,000 ounces American Eagle gold bullion coin sales for the past six months still substantially exceeded coin sales for the first half of last year by 39% - first half 2012 sales totaled 343,500 ounces.

Gold prices had tumbled to a three-year low on June 27th at $1,180 per ounce.

However, despite a corresponding plummet in silver prices, June 2013 American Eagle silver bullion coin sales still outpaced June 2012 American Eagle silver bullion coin sales at 3,275,000 ounces, compared to 2,858,000 ounces last year.

For the first six months of this year, total American Eagle silver bullion coin sales were 25,043,500 ounces, up substantially from total American Eagle silver bullion coin sales of 16,051,000 ounces for the first half of last year, a 56% increase.