We are seeing the old time coin collectors getting too old to collect and dying!! this has been happening for the last 5 years we are seeing coin prices decreasing ...many collectors coins have seen there value cut in half.. if your sitting on a grand parents or fathers collection thinking its increasing in value ..THINK AGIAN !! the U.S. Mint saw declining sales of its American Eagle gold coin in 2019. Even though sales started strong at 65,500 ounces sold in January, the numbers quickly fell, dropping to just 2,000 ounces sold in December.
Overall, the U.S. Mint sold a total of 152,000 ounces of the gold American Eagle coins in 2019, marking the lowest level on record since the Mint began recording the data in 1986.
Sales of silver American Eagle coins were the worst since 2007, with only 14,863,500 ounces sold in 2019, down from the already weak figure of 15,700,000 reported in 2018.
Analysts pointed to the rallying U.S. stock market as a possible reason why investors chose not to invest in the physical gold coins.
"Much of what has probably been happening is that there were better returns in other markets, equities in particular. S&P 500 is up 30% year-on-year," RBC Wealth Management managing director George Gero told Kitco News last week.
On top of that, the strong U.S. dollar might have been to blame for such low sales.
we feel your money will work better put into a interest bearing account that make 5% a year . as your funds will continue to increase .. we see NO stopping of coin values decreasing .. and as more and more people see these decreases an acceleration can occur... we STRONGLY encourage our clients to let us evaluate your holdings and provide you with options base on your tolerance for loss.
we have office in :
Riverside ,ca 951-686-2122
Diamond Bar,ca 909-378-4745
Palm Springs ,ca 760-904-6016
please visit our website where you can email us questions and set and appointment. to provide the best service to our clients we are by appointment only.
https://www.markhamnumismatics.com
Overall, the U.S. Mint sold a total of 152,000 ounces of the gold American Eagle coins in 2019, marking the lowest level on record since the Mint began recording the data in 1986.
Sales of silver American Eagle coins were the worst since 2007, with only 14,863,500 ounces sold in 2019, down from the already weak figure of 15,700,000 reported in 2018.
Analysts pointed to the rallying U.S. stock market as a possible reason why investors chose not to invest in the physical gold coins.
"Much of what has probably been happening is that there were better returns in other markets, equities in particular. S&P 500 is up 30% year-on-year," RBC Wealth Management managing director George Gero told Kitco News last week.
On top of that, the strong U.S. dollar might have been to blame for such low sales.
we feel your money will work better put into a interest bearing account that make 5% a year . as your funds will continue to increase .. we see NO stopping of coin values decreasing .. and as more and more people see these decreases an acceleration can occur... we STRONGLY encourage our clients to let us evaluate your holdings and provide you with options base on your tolerance for loss.
we have office in :
Riverside ,ca 951-686-2122
Diamond Bar,ca 909-378-4745
Palm Springs ,ca 760-904-6016
please visit our website where you can email us questions and set and appointment. to provide the best service to our clients we are by appointment only.
https://www.markhamnumismatics.com
RSS Feed
