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The U.S. Mint’s Gold Eagle Sales Rose 383% in 2020 vs. 2019 (and +1,459% in Summer Months)

During the first eight months of 2020, 589,500 Troy ounces of Gold American Eagles were sold by the U.S. Mint vs. only 122,000 ounces for the same eight months in 2019, a 383% increase. This was despite periodic work shutdowns this year due to coronavirus, and a complete cessation of production of the popular $5 tenth-ounce gold Eagles for a three-month period. Production of the $5 gold Eagles finally resumed in July, with 35,000 of the smaller coins sold in July and another 30,000 sold in August. 


During the summer months of July and August 2020, the total of Gold American Eagle ounces sold reached 210,500 ounces, up 1,459% vs. just 13,500 ounces sold in July and August of 2019.

For the first eight months of 2020, 16,294,000 one-ounce Silver American Eagles were sold by the U.S. Mint, a 32.8% increase over the 12,269,000 ounces sold in the same eight months of 2019, despite several work stoppages in the popular silver Eagle series. Premiums to dealers also rose sharply on most gold and silver American Eagle coins, partly due to rising demand and partly due to periodic supply shortages.       


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