U.S. Mint gold coin sales see a sharp jump after worst year on record

MsMorrisine

https://www.kitco.com/news/2020-02-05/U-S-Mint-gold-coin-sales-see-a-sharp-jump-after-worst-year-on-record.html

and I also found this interesting:
From the silver side of things, the U.S. Mint sold a total of 3,846,000 one-ounce American Eagle coins in January, which is a massive uptick from zero ounces sold in December and 463,000 ounces sold in November.

Tiggs2012

Misleading title and article as sales are down y-o-y while ignoring its been a year since anything new. Silly of them to compare m-o-m when January is traditionally the Mints #1 month overall with the new dated coins while December is a low point and they stop selling some things. Need to ignore the seasonality.

From 65,000 gold ounces last January to 60,000 ounces this January with declining silver sales also. Mint did over 4M silver eagle sales in January '19. Shouldn't ignore the downticks.

blitzdude

@Tiggs2012 said:
Misleading title and article as sales are down y-o-y while ignoring its been a year since anything new. Silly of them to compare m-o-m when January is traditionally the Mints #1 month overall with the new dated coins while December is a low point and they stop selling some things. Need to ignore the seasonality.

From 65,000 gold ounces last January to 60,000 ounces this January with declining silver sales also. Mint did over 4M silver eagle sales in January '19. Shouldn't ignore the downticks.

Yep they sure spun that one. Nothing new, we get the same article pretty much every January.

YOY sales are still in the toilet and as you mentioned November is always weak, December is typically low or no sales due to following year ramp up and January is always strongest due to collectors wanting new date coins.

ricko

Seasonality sales are best to compare year to year.....means more than month to month. Cheers, RickO

TwoSides2aCoin

Business as usual. They make the money. We spend it.