Washington, D.C. — The U.S. Mint today announced that the American Eagle Gold Bullion Coin continues to dominate world markets as the best selling gold investment coin, according to the World Gold Council second quarter 1997 survey.
“The Eagle has retained its world number one status, garnering an impressive 43 percent of the world market share, up from 38 percent in the first quarter,” said Mint Director Philip N. Diehl. “Year-to-date figures reveal that worldwide bullion sales are up 31 percent over the same period last year, and that the Eagle has increased its share steadily.”
On a calendar year basis, according to the World Gold Council, the American Eagle had a world share of 24 percent in 1996, holding the number two position globally.
The Mint on June 9 announced the Eagle’s ascendance to the number one position globally for the first time since 1993. Increased demand for gold bullion in North America, which continues to dominate the bullion coin markets, pushed the Eagle into the lead position previously held by Europe.
For the second quarter of 1997, the Mint sold 127,500 ounces of Gold Eagles, up 124 percent compared to the same period last year when the Mint sold 57,000 ounces. So far in the third quarter, demand has remained high, with 86,500 ounces sold through August 11.
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