US Mint Reports Weak January Gold Coin Sales

Reuters reported that January 2015 coin sales from the US Mint were the lowest for that month since 2008. On the bright side, they were up from the amount sold by the mint in December 2014.

The news outlet does note that coin sales are seasonal and tend to be strongest at the beginning of the year.

As quoted in the market news:

The US Mint sold 81 000 oz of gold bullion coins [in January], down from 91 500 oz in the first month of last year and the lowest since 2008 when 26 000 oz were sold.

Sales were still more than four times December’s total of 18 000 oz.

Silver also had a slow start to the year, with 5.53-million ounces sold in January, more than double December’s total but the lowest for January since 2010.

Click here to read the full Reuters report.