Sales of ounce gold and silver investment coins "American Eagle" doubled in 2019-2020. Demand for these popular series of coins continued to grow in the first quarter of 2021. The sales rate of the golden Eagle increased from 108 thousand ounces in 2019 to 747.5 thousand ounces in 2020. In the first four months of 2021, more than 400 thousand ounces were bought. The silver "Eagle" recorded a similar success. In 2019, sales amounted to 15 million ounces, and in 2020 it increased 2 times - to 30 million. In the first quarter of 2021, 13 million ounces were sold. At the same time, it should be noted that the price of silver has almost doubled since May last year, reaching $27.8 per ounce.
Robert Wilkie, director of marketing at Asset Marketing Services (USA), said that over the past few months, demand for investment coins, including gold and silver American Eagle, has increased sharply. The expert explains the current increase in Eagle purchases and predicts the continuation of this trend based on two factors - economic and aesthetic. Let's talk about them in more detail.
Recent instability in financial markets has prompted many investors to purchase gold and silver coins to preserve their savings. Investment coins are an easy way to diversify assets. An additional incentive for ordering products will soon be the release of Eagles with new designs.
The American Eagle is one of the most popular series of gold and silver coins among investors and collectors around the world. Since 1986, everyone admired their classic design, but in 2021 we are all waiting for a great update. Buyers are looking forward to new coins on sale. The redesign of coins is considered an important event for many collectors and numismatists. At the moment, the US Mint is pre-accepting orders for new versions of the gold and silver Eagle. Coins are planned to be delivered with certificates that include information about those who worked on the new design.