Thursday, 5th June 2008 (978 views)

Sales of two types of gold bullion coins in the US increased during May, new figures reportedly show.

Numismatic News states that sales of the one-ounce American Eagle gold bullion coin increased by 1,500 compared to their levels for April.

There was also an increase in demand from buyers for the one-ounce gold Buffalo coin, which saw sales increase by 500 coins on April's amount.

The US Mint also issues collectors' versions of these bullion coins, which feature the same design as the bullion versions.

According to the mint's website, American Eagle proof coins come in one-ounce, half-ounce, quarter-ounce and one tenth-ounce versions with the Saint Gaudens design of Liberty on one side and a depiction of an eagle carrying an olive branch on the reverse by sculptor Miley Busiek.

Each coin also bears a W to signify it was struck at the US Mint's facility at West Point.

Buffalo coins meanwhile were introduced by the mint in 2006, with a design based on the James Earle Fraser's 1913 US nickel. The coins have a maximum mintage of 200,000.

 

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