US Mint January sales data suggest positive Gold Coin demand

UNITED STATES February 06 2017 11:38 AM

NEW YORK (Scrap Register): HSBC describes demand for U.S. Mint coins last month as positive, with sales sharply higher from December although modestly lower compared to the same month a year ago. 

According to HSBC, the US Mint reported overall positive gold-coin demand, said. For January, the Mint’s website lists sales of 117,500 ounces of American Eagle gold coins, several times the 29,000 ounces sold in December although a little below the 124,000 ounces sold in January 2016.

Although silver coin sales for January are multiple levels higher compared to December 2016 at 5,127,500 ounces, they are down from the 5,954,500 ounces sold in January last year, said HSBC.

The December 2016 total was 240,000 ounces. The U.S. Mint reports January sales of 20,000 ounces in its new platinum coins.