World’s Number 1 Gold Bullion Coin Continues Dominance in 3rd Quarter
Washington, D.C. — The U.S. Mint today announced that the Gold American Eagle Bullion Coin has surpassed seven million ounces in total sales since the program was launched on October 20, 1986.
Customers ordered 43,000 ounces of Gold American Eagle Bullion Coins in August, bringing total sales for the program to 7,010,000 ounces. “We’re proud of the Eagle’s continuing world leadership,” said Mint Director Philip N. Diehl. “The Eagle is an enduring symbol of strength and freedom of our nation, and the Gold Eagle has become an enduring symbol of craftsmanship, quality and value for the world's bullion investors." The Mint on June 9 announced the Eagle's ascendance to the number one position globally for the first time since 1993, and on August 12 the Gold Eagle's continued dominance of world markets as the best selling gold investment coin, according to the World Gold Council second quarter 1997 survey. Industry experts cite increased demand for gold bullion in North America, which is now dominating the bullion coin markets, lifting the Eagle into the lead position. 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. Demand has remained high during the third quarter, with 120,000 ounces sold through August. Authorized by Bullion Coin Act of 1985, the American Eagle Program is designed to provide investors with a U.S. government-made and -backed alternative to foreign produced gold bullion investment coins. American Eagles are sold in bulk quantities to pre-qualified wholesalers called Authorized Purchasers, and intended for investors seeking to add gold to their portfolios. The gold used in the production of the American Eagle, by law, comes from domestically mined sources in the United States, which as a nation is the second largest gold producer in the world.Contact: Press inquiries: Michael White (202) 354-7222 Customer Service information: (800) USA MINT (872-6468)