US Mint, Perth Mint Record Lower 2014 Gold Coin Sales

The Wall Street Journal reported that in 2014, gold coin sales from some of the world’s largest mints tumbled on the back of falling Asian demand and the metal’s more stable price.

As quoted in the market news:

The U.S. Mint and Australia’s The Perth Mint recorded markedly weaker sales of gold bullion coins as the broader market muddled through a year in which gains were capped by expectations for higher interest rates as the U.S. recovery gained steam. Gold is often seen as an alternative store of value during periods of economic uncertainty.

The Perth Mint said it sold 373,351 ounces of gold bullion coins last year, down 28% from 2013. Sales of The U.S. Mint’s American Eagle coins were down 39% at 524,500 ounces.

Click here to read the full report from The Wall Street Journal.