The American Eagle swooped onto the market this week and landed squarely at the front of those challenging for supremacy among gold coin marketers.
The Eagle, the first U.S. gold bullion coin to be minted since 1933, went on sale Oct 20 and Reuters reports that the U.S. Mint received orders from wholesale firms totaling more than 300,000 oz of gold on the first day. In fact, a spokesman for Guardian Trust in Toronto says the Mint suspended all selling after the first day of sales because it was sold out.
The Mint had estimated to sell 2.2 million oz of gold during the Eagle’s first year on the market, but early sales indicate it could exceed that.
The world’s current best selling gold coin is the 99.99% pure gold Canadian Maple Leaf. It sold 1.9 million oz in 1985.
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