US Mint Silver, Gold coin sales declines m/m in September

NEW YORK (Scrap Monster): The United States Mint sales of American Eagle bullion gold and silver coins fell in October from September but were up from the same month a year ago, according to data on the agency’s Web site.

Gold-coin sales totaled 59,000 ounces last month, down from 68,500 in September but up from 50,000 in October 2011. Year-do-date sales are 540,500, compared to 893,500 in the first 10 months of 2011. Meanwhile, silver-coin sales were 3,153,000 ounces in October.

This was down from 3,255,000 in September but up from 3,064,000 in October 2011. Year-to-date silver-coin sales of 28,948,000 ounces are down from 36,475,500 from the same time frame in 2011.