Thursday, October 17th 06:14 PM IST

US Gold coin sales surge in Oct on lower prices

# US Mint  # silver  # gold coins  # Woodrow Wilson  

The US Mint has also reported higher-than-usual American Eagle silver coin sales of 750,000 ounces on Tuesday, bringing the October till date production to 1.6 mn ounces, on track to surpass sales of 3 mn ounces in September.

WASHINGTON (Bullion Street): US Mint has reported a surge in gold coin sales in October as prices fell below $1300 an ounce to $1251 levels.On Tuesday, the US Mint sold 10,000 ounces of the most popular 22-karat American Eagle Gold coins, for a total sales of 22,000 ounces till date in October.

The US Mint has also reported higher-than-usual American Eagle silver coin sales of 750,000 ounces on Tuesday, bringing the October till date production to 1.6 mn ounces, on track to surpass sales of 3 mn ounces in September.

October sales of gold coin has been the highest in three months with 13,000 tons in September and 11,500 tons in August.

US Mint Update
Beginning October 17, at noon Eastern Time (ET), the United States Mint will accept orders for product options with $1 coins honoring Woodrow Wilson, the nation's 28th President.

The obverse (heads side) of the Woodrow Wilson Presidential $1 Coin was designed and sculpted by United States Mint Sculptor-Engraver Don Everhart. The design features President Wilson's portrait and the inscriptions WOODROW WILSON, IN GOD WE TRUST, 28th PRESIDENT, and 1913 - 1921. The coin's reverse (tails side), also by Everhart, features a rendition of the Statue of Liberty and the inscriptions UNITED STATES OF AMERICA and $1. The inscriptions 2013, E PLURIBUS UNUM, and the mint of origin are incused on the coin's edge.

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