Sales of gold Eagle and Buffalo coins by the US Mint have been very slow this year. Year to date sales are down 58% from 2013 and 7% from 2012. Gold coin sales in April 2013 we exceptional. Sales have not been this slow since 2008. Is demand weak or supply constrained? Sales have been increasing each month since January.
Silver Eagle sales on the other hand have been very strong. Year to date sales of 18.5 million coins are 1% more than in 2013 and a record. 2014 sales were off to a slow start in January because 2014 silver Eagles were released in smaller allotments over a longer time than in previous years.
