If the sales of Gold coins was an indicator as to how the gold market is currently doing, it would be very vague because the US Mint has announced that the sale of gold bullion coins during 2011 has been far less than what Silver coins are doing and the thing is that sales have been slipping for the past several weeks.
According to the Mint, there were 24,500 ounces of gold bullion coins sold during the week that ended on March 23rd, 2011. That was 45,000 ounces less than what was sold the week before. It was during that week that the new Gold Buffalo Coins were released but with the paltry numbers that came just a week later, the projection for the Buffalo Coins surely did not meet expectations.
The numbers from the first three months of the year have shown that there have been about 315,000 ounces of gold coins sold. Analysts believe that with the way the market has been playing out as of late, the numbers should be right around the same as in 2010 and maybe a little bit less. That means that it would be about 15,000,000 ounces of gold coins to be sold during the course of the year.
Compare this to the American Silver Eagle Bullion coin which has sold nearly 1.5 million coins over the course of this month and nearly 12 million for the year. The Gold Buffalo Coin has sold 32,000 coins so far since its release.
Insiders are still saying that gold should still stay at its high prices and there should not be any kind of dip in the price anytime soon.
 1979 KRUGERRAND 1 OZ FINE GOLD BULLION SOUTH AFRICA UNCIRCULATED  |
 2013 1 10 Oz 5 American Gold Eagle Coin MS |
 1903 RUSSIA 5 ROUBLE GOLD AU+ SUPER NICE MUST SEE |
