American Gold Eagle Sales are Soaring

American Gold Eagle Bullion Coins are selling at the fastest pace in years as a growing number of investors recognize the value, safety, and beauty of the U.S. Mint’s leading gold bullion coin. During the first half of 2023, the U.S. Mint produced 1,219,000 American Gold Eagle Bullion Coins. That’s three-quarters of all the American Gold Eagles produced during the entire year of 2022, and the fastest rate of mintage in more than two decades. Measured by total weight, 2023’s first half mintage amounts to 733,500 ounces—also three-quarters of 2022’s total.

The U.S. Mint produces American Gold Eagles in four sizes, one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce versions. They are sold only through authorized dealers like Nationwide Coin & Bullion Reserve.

The Mint created the American Eagle Coin program in 1986. Production of American Eagle Gold Bullion Coins hit an all-time record in 1999 when fears of a Y2K computer and financial market meltdown sent investors rushing to the safety of gold. That year, the U.S. Mint produced more than five million American Gold Eagle Coins, amounting to more than two million ounces.

Production has been steadily increasing since the COVID-19 pandemic forced the Mint to temporarily shut production, and accelerated after the Mint redesigned the coins in 2021. Yet demand still tends to outstrip supply.