Dateline Sept 2, 2015: August 2015 was a good month for gold. Prices for the yellow metal rose 3.4% for the month, according to a report by CoinNews. Gold for December delivery closed at $1,132.50 for the month.
In addition, sales of US bullion coins, such as the Golden Eagle coin, surged at the US Mint in August. According to the CoinNews article, American Golden Eagles had their strongest weekly sales for all of 2015 in August. Silver Eagles sales were also strong. Earlier this year, demand exceeded supply and the mint ran out of some coins.
Generally, demand tends to weaken strongly for US Mint bullion coins during the summer months. That has not been the case this year.
Why is the demand for US Bullion on the Increase?
Many of the buyers of gold and silver bullion coins are individual collectors and investors. People are realizing that at the moment, gold and silver prices are low, making the purchase of these coins quite affordable for many. The average Joe also realizes that all is not well in the world, and that gold and silver bullion coins can increase in value, sometimes greatly, when global woes magnify.
Where to Buy Bullion Coins
Great prices for bullion coins can be found at Amazon, eBay and from online coin dealers. Visit Amazon and EBay through the ads in the right sidebar. Then check the prices against those from out preferred broker, Golden Eagle Coins. That way, you’ll be able to purchase your bullion coins at the lowest price.
Return to Homepage