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Wednesday, 8th July 2009 (1251 views)

Strong investor demand has seen sales of American Eagle one-ounce gold bullion coins climb by over 500,000 units year-on-year, according to the latest figures from the US Mint.

Data reported by the Wall Street Journal shows 680,500 American Eagles were sold to collectors between January and the end of June, compared to sales of 180,000 coins in the first six months of last year.

Sales of American Eagles for the whole of 2008 topped 794,000, the publication noted.

The mint said it has also sold 68,445 2009 Ultra High Relief Double Eagle Gold Coins since they were launched in January. The coin bears the "legendary" Liberty design created for the 1907 $20 Double Eagle gold piece by Irish-born sculptor Augustus Saint-Gaudens.

"Over the last 30 days, business has picked up again mostly because ... there is a lot of scepticism still in the market about which way the economy is heading," said Scott Thomas of the American Precious Metals Exchange.

Later this year, the mint plans to launch the 2009 version of its 24-c American Buffalo coin. During the first half of 2008, investors bought 67,000 American Buffalos, the newspaper noted.

 

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